Daily Markets - Financial News And Opinions

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• US January Employment Report Preview « Jeffrey Miller »
• 2 Pros And 3 Cons Of Reverse Mortgages « Willy Bernard »
• Forex Trading Review For 05/02/2010 « UFXBank »
• US Non-Farm Payrolls Report Set To Reflect The Bitter Face Of A Jobless Recovery « Money Morning »
• The Risk Of Contagion To Spain And Portugal « David Spurr »
• Rice Professors Say Publicly Traded Companies Can Expect Increase In Stock Sales After Big Ad Buys Like The Super Bowl « Rice University »
• Video: Heinz Unveils New Innovations « NYFP »
• The Internal Revenue Service (IRS) - Armed And Dangerous « Adam Lass »
• Short Sell Or Go Long On Stocks? Which Type Of Trade Makes The Most Money? « Tradesman »
• An Overview Of Energy ETFs « Ron Rowland »
• A New Low At The SEC: Porn-Surfing On The Internet « Larry Doyle »
• Capitalism Created The Middle Class And They Still Have It Pretty Good « Mark Perry »
• Investors To Find Rewards Outside America « John Browne »
• Video: The Day Ahead: U.S. Employment Report « NYFP »
• FINRA Board To Address Allegations Of Mary Schapiro’s Misconduct « Larry Doyle »

US January Employment Report Preview « Jeffrey Miller » Posted: 05 Feb 2010 04:01 AM PST As usual, I have a monthly comment on the employment situation.  This month’s report is especially tricky, since the BLS will incorporate “benchmark revisions” to prior data. Anything about revisions causes most observers to cringe.  The average person just wonders why they couldn’t get it right the first time.  The conspiracy buffs see revisions as evidence of data manipulation.  Since many people are ready to believe that the US government is in an Orwellian mode, this is a … [visit site to read more]

2 Pros And 3 Cons Of Reverse Mortgages « Willy Bernard » Posted: 05 Feb 2010 03:01 AM PST Reverse mortgages have grown much these days to achieve greater visibility in the eyes of the public. They can help senior citizens enhance their lifestyle by offering greater financial freedom to them. A reverse mortgage converts home equity into cash flow for the senior home owner. The cash flow can be obtained as monthly incoming payments or can be drawn upon as an equity line for one-time payouts - or a combination of the two. Reverse mortgages can be a source of immediate cash when … [visit site to read more]

Forex Trading Review For 05/02/2010 « UFXBank » Posted: 05 Feb 2010 02:05 AM PST USD Dollar (USD) The Dollar consolidated gains across the board. Markets worldwide tumbled on concerns about the European financial system and weak data on jobless claims which came out 480K worse than expected 455K. The Dow Jones lost -2.6%, finished barely above 10.000 and the NASDAQ fell by -3%. Commodities also plunged; Crude oil erased weekly gains and fell to test January lows at $72.50 but managed to close at 73$ a barrel. Gold (XAU) fell more than $40 to the lowest level three months … [visit site to read more]

US Non-Farm Payrolls Report Set To Reflect The Bitter Face Of A Jobless Recovery « Money Morning » Posted: 05 Feb 2010 02:01 AM PST New statistics from the Labor Department today (Friday) will likely confirm that the U.S. economy is in a deeper hole than previously thought. Economists expect that the national unemployment rate rose to 10.1% in January from 10% in December. More importantly, however, the number of jobs lost from April 2008 to March 2009 will be revised upwards by 824,000 - the largest margin in 18 years, according to Bloomberg News. Most of those losses came from companies that closed or went out of … [visit site to read more]

The Risk Of Contagion To Spain And Portugal « David Spurr » Posted: 05 Feb 2010 01:27 AM PST What’s making this decline and bout of selling and fear so serious? IMO, the threats and risks are real and will become evident in other areas of the world as well. The threats don’t exist soley in other countries, but also here at home.  I believe that cities, towns , and states will face the same issues. As budget deficits grow out of control and the economies continue to contract, it will become impossible to service the debt.  The government coffers are not taking in … [visit site to read more]

Rice Professors Say Publicly Traded Companies Can Expect Increase In Stock Sales After Big Ad Buys Like The Super Bowl « Rice University » Posted: 05 Feb 2010 01:01 AM PST It is commonly known that companies spend millions of dollars on advertising to increase general awareness, introduce new product lines, build on their brands and sell products and services, but professors at Rice University’s Jones Graduate School of Business say such high-profile advertising provides another result that is not so well-known: Publicly traded companies who invest in big ad buys like the Super Bowl see a spike in their common stock being traded, even if they’re not advertising a … [visit site to read more]

Video: Heinz Unveils New Innovations « NYFP » Posted: 05 Feb 2010 01:00 AM PST HJ Heinz unveiled major packaging changes to the traditional ketchup packet. The ketchup giant will also offer healthier choices for consumers. … [visit site to read more]

The Internal Revenue Service (IRS) - Armed And Dangerous « Adam Lass » Posted: 05 Feb 2010 12:01 AM PST Don’t even think about protesting Washington’s tax hike, ’cause they will shoot your *** off. I have three interesting items on my desk today, each relating in one way or another to Washington’s need for ever-increasing gobs of money and power. Two have been extracted from the budget President Obama sent over to Congress on Monday, while the third was buried deep inside a federal procurement Web site. (I know, I know: You’re getting this on Thursday morning already, but at more than 2,000 … [visit site to read more]

Short Sell Or Go Long On Stocks? Which Type Of Trade Makes The Most Money? « Tradesman » Posted: 04 Feb 2010 11:41 PM PST Season stock traders will be very familiar with the different techniques of short selling and going long on a position. They would be able to make money from either way the market moves ( Up or down ). However, one interesting question would be which type of position strategy ( to go long or short sell ) would actually make the most money for the trader ? This will always be a classic hot debated topic among different camps of traders. To answer this question, lets look at a few facts … [visit site to read more]

An Overview Of Energy ETFs « Ron Rowland » Posted: 04 Feb 2010 11:01 PM PST Energy is big business here in Texas. Just about everyone in the state knows someone in the industry, if they aren’t employed in it themselves. In fact, energy is big business everywhere! Crude oil, natural gas, gasoline - our civilization can’t live without them. So it’s no surprise that energy exchange traded funds (ETFs) are also big business. Today I’m going to give you a brief overview of the ETFs in this sector. As you’ll see, energy is a surprisingly diverse industry. Big … [visit site to read more]

A New Low At The SEC: Porn-Surfing On The Internet « Larry Doyle » Posted: 04 Feb 2010 10:01 PM PST High five to our friends at The SIPA for further exposing, no pun intended, a story that employees (including high ranking officials) at the SEC seem to have had a predilection with internet porn sites. The Washington Times reported, SEC Workers Investigated for Porn-Surfing. You can’t make this stuff up. Kudos again to The SIPA for putting the proper level of seriousness into its review of this story: Who cares if employees watch Porn? Millions of American Investors should! The … [visit site to read more]

Capitalism Created The Middle Class And They Still Have It Pretty Good « Mark Perry » Posted: 04 Feb 2010 09:01 PM PST “In the run-up to the release of his new budget, President Obama painted a dire picture of the middle class. It has, he said, ‘been under assault for a long time … ‘ It’s certainly true that the past two years have been tough for many middle-class Americans. Many of them have lost jobs and homes, seen their investments decline and, more broadly, faced new uncertainties about incomes. Families are suffering in every community - but the entire middle class under assault? Don’t … [visit site to read more]

Investors To Find Rewards Outside America « John Browne » Posted: 04 Feb 2010 07:45 PM PST President Obama’s State of the Union message only serves to reinforce my forecast that investors will continue to find better returns in markets outside America and in currencies other than the U.S. dollar. Indeed, the reward gap may well increase. Nothing in the President’s speech indicated willingness to do the hard work of cutting spending. Rather, he reiterated his commitment to a costly new healthcare entitlement and more spending on make-work programs. Only days later, his budget … [visit site to read more]

Video: The Day Ahead: U.S. Employment Report « NYFP » Posted: 04 Feb 2010 07:00 PM PST The stories, data, and stocks that may have the greatest impact during the next trading session. … [visit site to read more]

FINRA Board To Address Allegations Of Mary Schapiro’s Misconduct « Larry Doyle » Posted: 04 Feb 2010 06:45 PM PST Are the wagons circling around Mary Schapiro and her former FINRA colleagues? Regular readers of Sense on Cents are familiar with the issues and concerns I have raised repeatedly with Wall Street’s self-regulator, FINRA. I continue to believe the issues embedded within this self-regulatory organization lie near the heart of what I deem the Wall Street-Washington nexus. Perhaps America will learn more about these issues soon. Why? Next week, FINRA’s Board of Directors will address … [visit site to read more]

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