Daily Markets - Financial News And Opinions |
- Gold Will One Day Rise Again « Justice Litle »
- The Decline In The Price Of Gold Is Still Young « Derek Blain »
- Forex Trading Review For 09/02/2010 « UFXBank »
- CIT Group Hires Former Merrill Chief John Thain As New CEO « Money Morning »
- Forex Trading: Gbp/Usd Trading Below 1.5600 « Greg Michalowski »
- The Rise And Fall Of Oil Prices « Ian Wyatt »
- Video: U.S. Magazine Circulation Falls At Newsstands « NYFP »
- When Will The US Economy Return To Normal? « Larry Doyle »
- Stock Picks For Tuesday 9 February: Trinity Industries, CVS Caremark And Applied Materials « Antonio Costa »
- Greece Is Just A Sideshow Compared To The UK « Brian Kelly »
- Euro As Anchor Of Stability? « Merk Fund »
- Obomanomics One Year Out « Robert Reich »
- Technical Vs. Fundamental Analysis: Which Is More Important In Stock Trading? « Tradesman »
- Goldman Sachs Readies Its ETF Game « Tom Lydon »
- Interview With Dave McGinn, Author Of “How To Retire Early With No Money” « Arjun Rudra »
- Alan Greenspan: U-Shaped Recovery « Larry Doyle »
- Video: The Day Ahead: Earnings Reports « NYFP »
- Beginning Of The End « Daily Reckoning »
- Singapore Stock Market Update For Monday 08 February « Vivien Chia »
| Gold Will One Day Rise Again « Justice Litle » Posted: 09 Feb 2010 03:50 AM PST Does former SEC Chairman Arthur Levitt read Taipan Daily? How about Bloomberg columnist Jonathan Weil? It’s probably a big fat “no” for both, but you be the judge. In a Feb. 4 column, “Obama’s $6.3 Trillion Scam is America’s Shame,” Weil wrote the following (underscore emphasis mine):
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| The Decline In The Price Of Gold Is Still Young « Derek Blain » Posted: 09 Feb 2010 03:20 AM PST It seemed the gold bugs are out in full force over the weekend, calling “the bottom” on the gold price. We posted a follow-up chart at the end of the day to all those saying that the “high volume” toward Friday’s close was indicative of a major turning point. However, when the rest of the week is put into context, one can clearly see that this is a weak argument at best, and one based on hope. Gold may experience an upward move from this point on - it was a pretty major psychological … [visit site to read more]
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| Forex Trading Review For 09/02/2010 « UFXBank » Posted: 09 Feb 2010 02:30 AM PST USD Dollar (USD) The Dollar has been trading sideways versus most majors due to lack of major economic data. NASDAQ weakened by -0.7% and Dow Jones closed beneath 10,000 for the first time in 3 months with -1.04%. Crude Oil gained by 0.69% closing at 71.68$ a barrel. Gold (XAU) weakened slightly closing at 1,062.5$ an ounce. Today, Wholesale Inventories are expected with 0.5% versus 1.5% prior. EURO (EUR) The Euro remained unchanged versus the Dollar and gained versus the Pound as … [visit site to read more]
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| CIT Group Hires Former Merrill Chief John Thain As New CEO « Money Morning » Posted: 09 Feb 2010 02:11 AM PST In a move that unites two prominent casualties of the financial crisis, CIT Group Inc. (CIT) ended a prolonged search by naming John Thain, the former chief of Merrill Lynch & Co., as its new chairman and chief executive officer. Thain, who left Bank of America Corp. (BAC) 13 months ago amid controversy over its takeover of Merrill, will have his hands full rebuilding CIT, an embattled commercial lender that nearly collapsed in 2009. CIT still operates under restrictions that … [visit site to read more]
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| Forex Trading: Gbp/Usd Trading Below 1.5600 « Greg Michalowski » Posted: 09 Feb 2010 01:17 AM PST As stated in an earlier post, Gbp/Usd found resistance up at 1.5650 and has subsequently come off to trade below 1.5600. The pair has traded down to 1.5582. If this move can continue we should see some support around 1.5565-70 level. A break below should bring Gbp/Usd down to 1.5530-40 area. A break back above 1.5600 should send the pair up to … [visit site to read more]
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| The Rise And Fall Of Oil Prices « Ian Wyatt » Posted: 09 Feb 2010 01:01 AM PST We’re visiting Colombia this Monday to look under the hood of Houston American Energy Group (HUSA), a stock that has run 300% since Small Cap Investor Daily reader Bill H. began watching it in July. This $220 market-cap company owns a stake in several Colombian oil concessions and is one of a small number of U.S. listed small-cap stocks with exposure to the emerging economy. In last Friday’s issue of Small Cap Investor Daily, I gave you a brief overview of Colombia, and outlined some of the … [visit site to read more]
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| Video: U.S. Magazine Circulation Falls At Newsstands « NYFP » Posted: 09 Feb 2010 01:00 AM PST Circulation for U.S. magazines fell by 2.2% in the second half of 2009. The Audit Bureau of Circulations also reported that single-copy sales slipped by 9.1%, in the same period. … [visit site to read more]
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| When Will The US Economy Return To Normal? « Larry Doyle » Posted: 09 Feb 2010 12:01 AM PST The question most asked in economic circles is, “How and when will our economy return to normal?” My response is always, “What is normal?” I find it most impactful to explain to people looking to gain a greater understanding of our economy and our markets that the normal economy of the late ’90s through 2007 was driven by the shadow banking system. This shadow banking system provided upwards of 40-45% of the total credit employed by our economy. The shadow banking system … [visit site to read more]
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| Posted: 08 Feb 2010 11:05 PM PST ( click to enlarge ) Trinity Industries (TRN) - Contrary to expectations, TRN ruled weak and also moved closer to the stop-loss level of 14.93. Investors may remain invested with a stop-loss at 14.90 (on closing basis) as the stock appears to have the potential to bounce back to the target zone of 15.96-16.13. ( click to enlarge ) CVS Caremark (CVS) - The stock failed to close above the resistance level of $34. Hold with a stop-loss at 32.36. Investors who have entered … [visit site to read more]
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| Greece Is Just A Sideshow Compared To The UK « Brian Kelly » Posted: 08 Feb 2010 11:01 PM PST n our younger years we were quite accomplished at the “Match Game” on Sesame Street - to some we have just hopelessly dated ourselves, to others we hope to have given you a nostalgic boost. Whichever group you find yourself, please indulge us as we revert to times past and play the game once again… Euro-zone PMI - Manufacturing & Services, both rising… UK PMI - Manufacturing & Services… Do you see it? For … [visit site to read more]
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| Euro As Anchor Of Stability? « Merk Fund » Posted: 08 Feb 2010 10:01 PM PST The world’s attention is on the fiscal malaise in Greece and Portugal. Just a few months ago, policy makers told banks to shore up their balance sheets with more sovereign debt. However, policy makers around the world have since raced to spend money in an attempt to reinvigorate their respective economies, leading to record deficits. Now everyone appears surprised that weaker countries are having difficulty financing their largesse. In our assessment, what we see unfolding is a sign of … [visit site to read more]
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| Obomanomics One Year Out « Robert Reich » Posted: 08 Feb 2010 09:24 PM PST Obamanomics suffers from a misunderstanding of what the President is trying to achieve and what he's up against. Into the breach come Republicans, Tea Partiers, nay-sayers, deficit vultures, and Raging-Dog Democrats, all viewing Obamanomics as more taxes and more spending. That's nonsense. To see the big picture, keep your eye on three big things. 1. Government spending needed to offset the continued reluctance of consumers and businesses to spend. You don't have to be an orthodox … [visit site to read more]
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| Technical Vs. Fundamental Analysis: Which Is More Important In Stock Trading? « Tradesman » Posted: 08 Feb 2010 09:21 PM PST It has always been a classic debate between the two camps of stock trader: The fundamentalist and the Technical Chart Analysis Group. Which school of trading is more effective? Firstly, we have to define both terms.Fundamental analysis is the process of looking at a business at the basic or fundamental financial level. This type of analysis involves heavily the analysis of key ratios of a business to determine its financial health and growth potential to give you an idea of the value … [visit site to read more]
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| Goldman Sachs Readies Its ETF Game « Tom Lydon » Posted: 08 Feb 2010 09:01 PM PST Goldman Sachs (GS) wants to get in on the exchange traded fund (ETF) industry. But first, the financial industry giant has launched a mutual fund that holds ETFs covering a range of asset classes. Goldman Sachs launched the Dynamic Allocation Fund, a fund made up of ETFs designed to help investors add wealth by seeking long-term capital appreciation, diversification and flexibility to reduce exposure in choppy markets, the firm said. This launch came not long after Goldman filed to … [visit site to read more]
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| Interview With Dave McGinn, Author Of “How To Retire Early With No Money” « Arjun Rudra » Posted: 08 Feb 2010 08:01 PM PST Dave McGinn is a journalist with The Globe and Mail Biography: Dave McGinn is a reporter with The Globe and Mail. A professional journalist since 2003, Mr. McGinn has written for the Ottawa Citizen, the National Post and MacLean’s, among other publications. For the February issue of Report On Business Magazine, Mr. McGinn set out to see what he would need to do to turn $50,000 in to $750,000 in order to secure his financial well-being in retirement. In the article, Mr. McGinn … [visit site to read more]
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| Alan Greenspan: U-Shaped Recovery « Larry Doyle » Posted: 08 Feb 2010 07:01 PM PST Alan Greenspan is certainly not viewed in the same light now as he was during a large part of his tenure as chairman of the Federal Reserve. That said, when the former Fed chair speaks, people do listen. What is he saying now? Greenspan is throwing some cold water on the topic of a V-shaped economic recovery. Bloomberg highlights his views this morning in writing, Greenspan Sees 'Slow’ Recovery, Is 'Concerned’ if Stocks Drop:
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| Video: The Day Ahead: Earnings Reports « NYFP » Posted: 08 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]
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| Beginning Of The End « Daily Reckoning » Posted: 08 Feb 2010 03:00 PM PST Could the commodity and equity rallies have ended? Has a change been triggered by a resurgent dollar, meaning its purportedly strong negative correlation with gold and commodities continues to drive the process? But if so, would this also not signal the end of the reflation and carry trades? Would it not also mean that contractionary monetary forces may soon dominate? If that is the case, is other evidence that the correlation between gold and the dollar, which on average actually has been … [visit site to read more]
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| Singapore Stock Market Update For Monday 08 February « Vivien Chia » Posted: 07 Feb 2010 05:38 PM PST Morning Highlights China Hu An Cable opened 0.405, below IPO price of 0.42 (New Entry Opportunity, to BUY at 0.42, Stop Loss at 0.395 and Take Profit at 0.445) Genting Singapore halts trade, pending announcement Here are Data Release Dates for the week: The IBD/TIPP Economic Optimism and U.S. December's Wholesale Inventories on Tuesday … [visit site to read more]
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