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Wednesday's "Earnings Beat" Makes This The Perfect "Bad-Market" Tech Stock

In last week’s Private Briefing report Our Experts Show You the Stocks to Pick in a ‘Stock-Picker’s Market’,” Money Map Press Chief Investment Strategist Keith Fitz-Gerald identified SanDisk Corp.(NasdaqGS: SNDK) as one of three stocks to buy in the face of the stock market sell-off.

And now we see why…

  • Featured Story

    The 9 Biggest Sequestration Lies

    Fingers Crossed

    Though we've come to expect no better from our leaders in Washington, the sequestration lies rank among the most blatant whoppers ever to come out of the nation's capital.

    Sequestration, of course, is the $85 billion in across-the-board spending cuts scheduled to go into effect at midnight Friday.

    Instead of working together to come up with an alternative to replace the sequester, Republicans and Democrats have spent the past several weeks playing a maddening game of political chicken.

    Both parties were counting on the fear of sequestration to force the other to cave before it happened.

    Toward that end, leaders of both sides have tried to sway public opinion with exaggerations, obfuscations and outright lies.

    Yes, business as usual in Washington, but an affront to U.S. citizens nonetheless.

    Here are some of the biggest sequestration lies.

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  • The Sequestration Follies: How Washington Outsmarted Itself Capitol-building

    It seems every politician in Washington is up in arms over sequestration, the devastating automatic budget cuts on track to take effect March 1.

    For weeks, lawmakers on both sides have been calling sequestration a "bad idea" and criticizing any proposals put forth by the opposing party.

    Politicians aren't happy that sequestration not only would cut billions of dollars in federal spending, it would also slash the budget indiscriminately with across-the-board cuts.

    Just today (Tuesday), President Barack Obama urged Congress to delay sequestration for the rest of the year or risk damaging the U.S. economy.

    "It won't help the economy. It won't create jobs. It will visit hardship on a whole lot of people," President Obama said. "If Congress allows this meat-cleaver approach to take place, it will jeopardize our military readiness; it will eviscerate job-creating investments in education and energy and medical research."

    Listening to all the rhetoric, Americans with short memories might believe that those in Washington only have the best interests of the country at heart.

    But the rest of us remember how this whole sequestration fiasco really happened. It was their idea - Republicans and Democrats, the White House and Congress. All guilty.

    "The idea was that no sane person would allow such cuts to happen," Bob Schieffer, host of CBS News' "Face the Nation," said on that show Sunday. "Well, guess what. Even Washington managed to underestimate its own ineptitude."

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  • Why We'll Be Talking About Sequestration For a Long Time

    Another fiscal crisis lurks just on the horizon - a combination of the mandatory spending cuts known as sequestration and the need to raise the U.S. debt ceiling - and pundits are losing sleep trying to figure out what Washington is going to do about it.

    They're wasting their time.

    "The odds that Congress and the White House will ink a comprehensive deficit-reduction deal appear as long as they have been in more than two years, even though both parties acknowledge it's the only way to break the cycle of fiscal cliffs," Politico observed yesterday (Tuesday).

    In all likelihood, Democratic and Republican leaders will make a last-minute deal that achieves the minimum necessary to keep the government running while putting off the harder decisions until later - three months, six months or even a year.

    That's what they always do, although the script may change a little.

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