Sunday, March 8, 2015

SATURDAY 3/7/15; Boko Haram Islamist Radicals Pledge Allegiance to ISIS; US Debt Limit Approaching

Today is the 50th anniversary of the “Bloody Sunday” march in 1965 by black activists that paved the way for civil rights in America. The US begins receiving a break from over six straight weeks of severe winter weather and frigid temperatures with a moderating weather pattern so natural gas prices may leak lower in the week ahead. States such as Massachusetts in the northeast are losing millions in business per day as folks remain home from work and consumption drops off a cliff. Restaurants, retailers, auto dealerships, transportation companies and hoteliers all report a drop-off in business. The only winners are the ski resorts and snow removal companies but spring is on the way.

Russia detains four individuals in connection with the murder of opposition politician Boris Nemtsov. President Putin is likely killing two birds with one stone pinning the crime on 











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 bullish sentiment remains in markets despite the Friday selloff. Two notable Nasdaq proponents cheer lead the Nasdaq 5000 level professing that it is “different” this time. Nasdaq CEO Bob Greifeld calls the push higher in tech and biotech stocks the “new economy.” He says the Nasdaq stocks are best positioned to strengthen the US economy going forward. Greifeld says the Nasdaq is undervalued despite hitting the 5K milestone and proclaims that the biotech sector will continue to fuel new highs. Andreessen Horowitz COO Scott Kupor parrots Greifeld’s comments. Kupor, who actively invests in hot-shot start-ups such as Lyft and Airbnb, cheer leads higher prices for stocks. CNBC commentator Guy Adami chimes in expecting the biotech sector to lead markets forward.

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