Home About Millennium Forum Guide to Services Trial Subscribe Member Login
Live chat by Boldchat

Stocks Trading Room
Futures Trading Room
Forex Trading Room
Options Trading Room
Chart Settings
Triple Access
Double Access
Stocks Trading Room
Futures Trading Room
Forex Trading Room
Options Trading Room
Market Commentary
Economic Calendar
Weekly MarketNews
Trader Tips
Market Alerts
Stocks Chat Room
Futures Chat Room
Forex Chat Room
Options Chat Room
Penny Stocks Chat Room Trading Rooms
Performance Tracking
Other Services
General Information
Stocks
Futures
Forex
Options
Penny's
FREE e-Book
Taking Day Trading
by Storm


Get into the basics on how to become a Professional Day Trader!

more info...







Marijuana Consumption and Alcohol Prohibition
Marijuana Consumption and Alcohol Prohibition

According to reports, medical-marijuana industry is estimated to be worth nearly $1.7 billion as of 2011 and the current prohibition on marijuana consumption exactly parallels the 1920s alcohol prohibition. Each year, a widely consumed illegal substance makes potential criminals of millions and actual criminals of hundreds of thousands. Like booze during Prohibition, marijuana is easy revenue of organized crime, contributing tens of billions of dollars to growers, who commit a variety of bad acts both at home and abroad. According to recent figures, U.S. consumers numbering up to 60 million - depending on truthfulness of surveyed respondents - and at an average cost of $5 per cigarette, factoring in one per day for each user, total spending on marijuana may add up to $45 billion to $110 billion a year. The government looks to be passing up a whole lot of tax revenue, just like they did with alcohol prohibition. We learned from Canada that the production cost of government-sponsored marijuana is roughly 33¢ a gram. Currently, U.S. marijuana consumers pay at least $10 per gram retail for illegal marijuana. If the cost of retailing and distribution is the same as for legal tobacco cigarettes, about 10¢ a gram, then selling the then-legal marijuana at exactly the same price as on the street today $10 per gram could raise $40 billion to $100 billion in new tax revenue. Per Aaron Smith, executive director of the National Cannabis Industry Association, Colorado medical-marijuana sales exceeded $181 million in 2010 and employed 4,200 state-licensed workers. The National Cannabis Industry Association is a nonprofit trade group that campaigns for marijuana’s federal legalization. In addition to profiting from growing and selling marijuana, the Cannabis industry benefits numerous other businesses such as agricultural-equipment firms, insurers and lawyers. Although federal law prohibits the sale or possession of marijuana, the following states allow the sale and use of marijuana with certain limits that may vary state to state: Alaska, Arizona, California, Colorado, Connecticut, Delaware, Hawaii, Maine, Massachusetts, Michigan, Montana, Nevada, New Jersey, New Mexico, Oregon, Rhode Island, Vermont, Washington and Washington DC.

Home Depot Inc. (HD) - the world’s largest home-improvement retailer - reported a better-than-expected fiscal Q3 profit Tuesday and raised its outlook for the year, sending a positive signal for the housing market. Florida and California, both of which were among the states hardest hit by the housing downturn, were reported by HD as showing continued improvements which indicates an upbeat housing market indicator. “We believe the U.S. is still working through the issues associated with the housing crisis,” Chief Executive Frank Blake said during a Tuesday conference call, adding that national numbers also show housing has regained its status as a positive contributor to U.S. economic growth. “Credit availability remains a major issue, but we can start to see the housing market as an assist to our growth rather than an anchor,” he said. “We are starting to see the recovery of the housing market. The harder-hit areas that were really the epicenter of the housing crisis appear to be on the mend, and it’s been constructive, and it’s been consistent.” Positive same-store sales were reported by 33 of Home Depot's top 40 markets. HD northeastern region was reported to having negative sales. The number of customer transactions rose 1.7%, while the average transaction amount rose 2.9% to $54.55, marking a sixth straight quarter of transaction and ticket growth. Customer transactions under $50, represented approximately 20% of Home Depot’s U.S. sales while transactions exceeding $900 represented nearly one-fifth of U.S. sales. Blake said the company’s windows business, which was hit hard during the economic downturn, has recently seen a return to growth. Internationally, HD made the decision to shut its seven stores in China and exit that market, saw positive comparable-store sales in Mexico and Canada.

Late Monday, Microsoft (MSFT) announced Steven Sinofsky, head of the company’s flagship Windows business who just oversaw the most ambitious update to the operating system in years, was leaving the firm. No reason was stated for Sinofsky's departure. In an internal memo Sinofsky reportedly said he decided to leave the company after 23 years “to seek new opportunities that build on these experiences.” Microsoft named two executives Tami Reller and Julie Larson-Green to lead the Windows business and report to Chief Executive Officer Steve Ballmer.


Free e-BOOK on Day Trading with confirmed subscription to our Free Weekly MarketNews newsletter.

Options Trading Room now open to subscribers.

One week trial to our Day Trading Rooms for stocks, futures, forex and futures. Professional Training Programs available for stocks, futures and forex traders.

Stocks trading calls focus on NYSE, NASDAQ and AMEX.

Futures trading calls focus on YM, NQ, TF and ES.

Forex trading calls based on New York trading session focus on GBPUSD, USDCAD, USDJPY, EURUSD, GBPJPY, USDCHF, EURJPY, EURAUD, AUDJPY, CHFJPY, EURCAD, GBPCAD and AUDUSD.

Detailed historic performance for all calls is available on our Market Commentary page.

Opt-in to our free Weekly MarketNews sent via email, first trading day of the week which includes recap of markets from previous week and what is ahead for the upcoming trading week.

Monthly Trading Lesson provides new trading subject every month.

Register now for our Free Chat Rooms - penny stocks, options, stocks, futures and forex! Chat with other traders any time, day or night, 24-hours a day.



Nov 13, 2012


Top of the page


   

Performance
Stocks Trading Room
Total for Year
Last Week
$70,240.00
$0.00
Futures Trading Room
Total for Year
Last Week
$85,270.50
$0.00
Forex Trading Room
Total for Year
Last Week
$251,937.90
$0.00
Options Trading Room
Total for Year
Last Week
$145,900.00
$0.00
empty
Total for Year
Last Week
$0.00
$0.00
News & Commentary

Forex Day Trading Room Performance for May 6, 2016

Futures Day Trading Room Performance for May 6, 2016

Forex Day Trading Room Performance for May 5, 2016

Futures Day Trading Room Performance for May 5, 2016

Stocks Day Trading Room Performance for May 5, 2016

Forex Day Trading Room Performance for May 4, 2016

Futures Day Trading Room Performance for May 4, 2016

Forex Day Trading Room Performance for May 3, 2016

Futures Day Trading Room Performance for May 3, 2016

Stocks Day Trading Room Performance for May 3, 2016


News & Commentary

Monthly Trading Lesson


RSS Feed...
subscribe by
clicking on above

Social Networks...
subscribe by
clicking Icons below