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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (78235)12/14/2007 4:44:42 PM
From: GROUND ZERO™  Read Replies (2) | Respond to of 94695
 
Today we have a confirmed sell signal in the SP's... we're short from 1490.00 and a second short from 1480.00 in the March...<g>

GZ



To: Real Man who wrote (78235)12/14/2007 5:50:53 PM
From: TFF  Respond to of 94695
 
Schwarzenegger Will 'Declare Fiscal Emergency' In Weeks

POSTED: 2:06 pm PST December 14, 2007
UPDATED: 2:13 pm PST December 14, 2007

Gov. Arnold Schwarzenegger said Friday he will declare a "fiscal emergency" in January to give him and the Legislature more power to deal with the state's growing deficit.

Schwarzenegger made the announcement Friday after meeting with lawmakers and interest groups this week to tell them California's budget deficit is worse -- far worse -- than economists predicted just a few weeks ago.

The shortfall is not $10 billion, but more than $14 billion -- a 40 percent jump that would put it in orbit with some of the state's worst fiscal crisis, those who have met with him said.

A fiscal emergency would trigger a special session and force lawmakers and the governor to begin addressing the shortfall within 45 days.