Financial Review

Tax Day Maintenance Play in new window | Download (Duration: 13:15 — 7.6MB)Subscribe: Apple Podcasts | Android | RSS…..Stocks rally, back in the green for 2018. Earnings lead the way. Netflix boffo. UnitedHealth lead insurers. Goldman beats but falls. Starbucks will undergo training. Housing starts jump. Tax cut bill widely disliked. IRS website breaks on Tax Day. Financial Review by Sinclair Noe for 04-17-2018


Monday, April 15, 2013 – Have a Great Day

Have a Great Day by Sinclair Noe DOW – 265 = 14,599SPX – 36 = 1552NAS – 78 = 321610 YR YLD – .02 = 1.70% OIL – 3.97 = 87.32GOLD – 124.40 = 1353.40SILV – 3.16 = 22.79 I hope you’re well. I hope you’re day has been blessed, because in many ways this has been a lousy day, and the stock market was just a minor part of it. There has been another act of violence, possibly a terrorist bombing; this time in Boston. Two bombs exploded near the finish line of the Boston Marathon; about a half hour later, another bomb exploded near the JFK Library. Boston Police confirm there were a couple more explosive devices that were found and defused. It looks like three people are dead and more than 100 injured, some very seriously, including about a dozen people who have lost limbs. The blasts took place about four hours after the start of the race, which meant that there were still several thousand runners yet to finish the race. The first two bombs exploded just before 3PM Eastern, one after another, and within about 100 yards of each other, very near the finish line of the marathon race. There have been unconfirmed reports that a suspect is in custody, possibly a Saudi national, but clearly it is an ongoing investigation at this time. It’s tax day of course. I hope that doesn’t come as a surprise. File now, file an extension, file anything, except …


Tuesday, April 17, 2012

DOW + 194 = 13,115 SPX +21 = 1390NAS + 54 = 3042 10 YR YLD +.04 = 2.01% OIL +.07 = 104.27GOLD – 2.90 = 1651.00SILV +.18 = 31.81PLAT + 8.00 = 1589.00 Tax Day, and you still have a few hours to get the forms filed. We talk a lot about taxes on MoneyRadio; how to legally minimize the tax bill, how to defer the tax bill. We talk about annuities, life insurance, harvesting losses, IRA’s, 401K’s, corporate entities and more. And that’s all good, but if you really want to cut your tax bill, there is a sure fire way to do it. If you are looking to stick it to the IRS, I’ll tell you the secret. You don’t need accountants, you don’t need financial planners, you don’t need tax software, you don’t even need a mailbox in the Grand Caymans. You need a lobbyist. The top eight companies that spent the most on federal lobbying from 2007 to 2009 all saw their reported tax rates decrease from 2007 to 2010; these top eight firms spent $540 million on lobbying from 2007 to 2009. They filed 332 lobbying reports that mentioned taxes and named 491 different tax bills in those reports. The top eight companies that spent the most on lobbying were Exxon Mobil, Verizon Communications, General Electric, AT&T, Altria, Amgen, Northrop Grumman and Boeing. Exxon Mobil spent the most, some $81.92 million from 2007 to 2009. AT&T recorded the largest tax reduction, with its tax …