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 We meet every Sunday at 7:15PM – 8:15PM at W151 in PBB  Membership Dues: $20/semester  Food/Drinks every meeting  Investment information and education  Great trading tips and strategies  Investment Competition: $15/semester  Best way to gain experience and learn  Past prizes include iPads, Apple TVs, gift cards  Fun Discussion atmosphere, member involvement

 Cramer – “Picture-perfect labor report”  Unemployment down.3%  Lowest unemployment rate in 5 years  Labor force participation rate went up

Friday, 6 Dec 2013 | 10:00 AM ET

 Timeline – low percentage December, more likely in early 2014  Citigroup – tapering may be a concern, but not as big as people think  Likely only small decreases at first  Already priced in to the market  Credit spreads remained steady this past week

 Had been down previous four sessions  Q3 GDP best since Q1 of 2012  Fundamental economic growth lessens the need for QE  Auto sales and home sales up  Cyber Monday sales up 20%  With current rates, money flows easiest into equities Is the Stock Market strong enough to handle tapering with minimal damage?

 Optimism all around  Executives – expect rise in M&A, IPOs, and loan activity  Markets may not do as well as 2013, but economy is expected to be better

 Predictions S&P 500 will end around 1820 (1805 on Friday)  Gov budget agreement could drive market higher  December 18 th Fed makes announcement

 High of $1,203 USD on Dec 1 st  Current price (5:25 PM): $  A Tesla Model S was bought 100% with bitcoin at Newport Lamborghini

 Thursday strikes have been organized in over 100 US cities  Protests have been organized in 100 more cities  Thousands of fast food workers will walk out

 Fast food workers demanding $15/hour pay  67% increase from current industry average of ~$9  Federal Minimum Wage: $7.25

 Restaurant industry officials have said that high of a wage would sharply raise fast-food prices  Employment could be reduced also as a side effect

White Castle Exec on minimum wage debate Wed 4 Dec 13 | 4:27 PM ET

 “Absolutely catastrophic”  406 restaurants, have to close half  ¼ White Castle team member with company 10+ years  Less than 5% of all restaurant workers make minimum wage  43% of team members under the age of 25

 Arindrajit Dube, an economics professor at the University of Massachusetts said an increase in pay to $15 could increase prices by 20%  A $3 burger could cost $3.50 or $3.60

 Ken Jacobs, chairman of the University of California, Berkeley, Center for Labor Research and Education  Said the $15 minimum wage would only raise prices 10% and would result in higher productivity and less employee turnover  Thinks franchisees might take on some of the higher wage costs to reduce price increases

 Stephen J. Caldeira, president of the International Franchise Association  $15 wages would lead to a 25 percent to 50 percent increase in fast-food prices  Increasing the cost of labor makes higher prices for consumer, lower foot traffic and sales for franchises; loss of entry-level jobs

 David Neumark, an economics professor at University of California, Irvine.  Raising fast-food pay to $15 would result in a 5 percent or 6 percent reduction in employment  One benefit of raising minimum wage would save U.S. Government about $7 billion in assistance annually

 David Neumark, Economics professor at U of Cal - "Anyone who thinks sensibly about this should be concerned that $15 would have a big effect on employment.“

 Cost cutting has already taken place:  Self service for soft drinks  Computer screens instead of people at counter to take orders

Fast food sector wage rises need 3 key ingredients: Pro Thur 5 Dec 13 | 5:30 AM ET

 What do you think?  Do they have the hand to play?  How will it effect teenage employment?  Will prices rise?  Is it good or bad for the economy as a whole?

Favorite booze stocks Thur 5 Dec 13 | 2:47 PM ET

 Concerns?

 1 st : mattvogel3 ~165% return $265,  2 nd : vietpride ~ 33% return $133,  3 rd : bettybird ~ 29% return $129,  4 th : james.guo.127 ~ 18% return $118,  5 th : Duganwill ~ 13% return $112,  6 th : Dmaniatis ~ 12% return $112,  7 th : KF2275 ~ 12% return $112,  8 th : thesheriff33 ~12% return $107,880.36

 What did you like?  What didn’t you like?  What do you want to see more/less of?  Any additional suggestions?  Additional comments?

FROM GOOD LUCK WITH FINALS! HAVE A GREAT BREAK!