Daily Markets - Financial News And Opinions |
- Prudential To Dominate Asian Insurance Market With Purchase Of AIG’s AIA Group
- Forex Trading: Australia Interest Rate Hike Fails To Lift Aussie Dollar
- Stock Picks For Tuesday: Eastman Kodak, Century Aluminium
- Forex Trading: Eurozone CPI Flash Estimate
- Forex Trading Review For 02/03/2010
- Jacob Wolinsky Interviews Famous Value Investor Whitney Tilson
- Video: Copper Prices Jump After Chilean Earthquake
- Global Cooling: Profitable Contrarian Investing?
- The On-Balance-Volume Indicator: Leading Or Following?
- Madoff Ruling: More Reason Why You Can’t Trust Wall Street Or Washington
- Don’t Bet On An Economic Recovery
- Demographic Boom Turning To Bust For North American Auto Sales
- Forex Trading: EUR/USD Consolidates Within Strong Bearish Trend
- Changing As Financial Markets Change
- Copper And Chile ETFs Affected By Earthquake
- Is It So Farfetched?
- Higher Interest Rates Ahead - Active ETFs To Stash Away Your Money
- Video: The Day Ahead: Euro-Zone PPI & CPI
- Thompson Creek Metals Company (NYSE:TC) – Recession Took A “Big Bite,” But It’s “on The Rebound”
- Singapore Stock Market Update For Monday 01 March
| Prudential To Dominate Asian Insurance Market With Purchase Of AIG’s AIA Group Posted: 02 Mar 2010 03:20 AM PST London-based Prudential PLC (NYSE:PUK) showed its confidence in Asian market profitability by agreeing to buy American International Group Inc.’s (NYSE:AIG) Asian insurance-unit - AIA Group Ltd. The news follows AIG’S announcement Friday that it lost $8.9 billion last quarter and would continue to divest assets to repay its billions in debt. AIG was planning on an initial public offering for AIA Group in Hong Kong, but recognized a sale to Prudential as a better deal. Showcasing its bullish … [visit site to read more]
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| Forex Trading: Australia Interest Rate Hike Fails To Lift Aussie Dollar Posted: 02 Mar 2010 02:44 AM PST Markets were quiet until Europe woke up, where we saw a steady unwind of risk. The EURUSD traded down to 1.3490 from 1.3560, while the GBPUSD fell to 1.4860 from 1.4960. While in the mid-term we are short risk right now these pairs are well oversold and we would expect a near term term risk rally. There was really no single catalyst for the move, rather a continuation of yesterday’s selling. The highlight of the Asian session was the RBA rate announcement, where the board opted to raise … [visit site to read more]
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| Stock Picks For Tuesday: Eastman Kodak, Century Aluminium Posted: 02 Mar 2010 02:32 AM PST Eastman Kodak (NYSE:EK) Stock has been consolidating beautifully above the 13,26D MA. Watch for the breakout above $6.27 to test $6.91. Century Aluminium (NASDAQ:CENX) Potentially a W shaped rebound to $19. Double Bottom has been formed. Trade above $13.83 to … [visit site to read more]
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| Forex Trading: Eurozone CPI Flash Estimate Posted: 02 Mar 2010 02:03 AM PST Eurozone CPI Flash Estimate came in at 0.9%, weaker than the 10.% expected and 1.0% prior reading.
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| Forex Trading Review For 02/03/2010 Posted: 02 Mar 2010 01:03 AM PST USD Dollar (USD) The Dollar finished higher against most of the currencies not including commodity linked currencies such as the Canadian and Australian Dollar. Personal Spending data came out better than expected with 0.5% versus 0.4% forecast and ISM Manufacturing Index came out 56.5 worse than 58 expected. Dow Jones gained by 0.76% and NASDAQ jumped by 1.58% after improved outlooks from several large caps. The Crude Oil failed to keep above 80$ and closed at 78.8$ a barrel. The Gold (XAU) … [visit site to read more]
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| Jacob Wolinsky Interviews Famous Value Investor Whitney Tilson Posted: 02 Mar 2010 01:01 AM PST Whitney Tilson Whitney Tilson is the founder and Managing Partner of T2 Partners LLC and the Tilson Mutual Funds. The former (http://www.T2PartnersLLC.com) manages three value-oriented private investment partnerships, T2 Accredited Fund, Tilson Offshore Fund and T2 Qualified Fund, while the latter is comprised of two value-based mutual funds, Tilson Focus Fund and Tilson Dividend Fund (www.tilsonmutualfunds.com). Mr. Tilson … [visit site to read more]
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| Video: Copper Prices Jump After Chilean Earthquake Posted: 02 Mar 2010 01:00 AM PST Copper prices spiked to multi-week highs, in the aftermath of the 8.8 magnitude earthquake in Chile. Inventories of the metal are near a six-year high, dampening fears over a shortfall in copper. … [visit site to read more]
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| Global Cooling: Profitable Contrarian Investing? Posted: 02 Mar 2010 12:05 AM PST I have penned a new monthly newsletter for the folks at Qwest Investment Management entitled Global cooling: Profitable contrarian investing? Here is the abstract: While it is critical that we take serious our collective responsibility for the health of our global community, scientists today are debating the real cause of global warming and most recently the cooling trends. Prudent investors should monitor these debates as they may have an impact on their portfolios. For example, if … [visit site to read more]
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| The On-Balance-Volume Indicator: Leading Or Following? Posted: 02 Mar 2010 12:01 AM PST Many indicators tend to imitate the peaks and troughs on price charts. But at other times, a divergence may occur as the pattern of the indicator differs from the underlying price chart. There are actually 4 possible conditions between a stock (or index) and a technical indicator: When the indicator and the underlying price are moving in tandem, we assume the indicator is confirming the price trend and that trend will continue; nothing indicates a future any different than the recent … [visit site to read more]
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| Madoff Ruling: More Reason Why You Can’t Trust Wall Street Or Washington Posted: 01 Mar 2010 11:01 PM PST On the heels of my commentary this morning addressing why Harry Markopolos feels America’s citizens should not trust the government, we receive more fuel for the fire. The timing of this release is truly uncanny: Judge rules SIPC does not have to insure every account up to $500,000, shifts burden of Madoff losses to American taxpayer. New York, NY - A federal bankruptcy Judge ruled Monday … [visit site to read more]
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| Don’t Bet On An Economic Recovery Posted: 01 Mar 2010 10:01 PM PST It is astounding how many economists, government officials, and Wall Street strategists construe the current economic conditions as evidence of a bona fide recovery. It is a testament to the power of the rose colored glasses handed out by our nation’s leading universities that such a feeling could be widely held despite the clear and present danger that compounds daily. The myopia leads us to enact policies that actually exacerbate our problems. The “remedies” are postponing, perhaps … [visit site to read more]
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| Demographic Boom Turning To Bust For North American Auto Sales Posted: 01 Mar 2010 09:01 PM PST If you had to guess which category of vehicles were the fastest growing segment in the auto industry, especially in North America, what would you say? Evidently, in a recent study done by Scotiabank on the global auto industry, crossover utility vehicles (CUV) were the fastest growing segment in the industry, with year-over-year gains of 13% in January 2010. According to Scotiabank economist, Carlos Gomes, CUV sales in the United States totalled 2.3 million units in 2009, only … [visit site to read more]
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| Forex Trading: EUR/USD Consolidates Within Strong Bearish Trend Posted: 01 Mar 2010 08:21 PM PST Price action on EUR/USD, a daily chart of which is shown, has formed yet another short-term consolidation within the context of a strong bearish trend that has been in place since early December. The current consolidation continues to carry a bearish bias. The bottom of the consolidation resides around the 1.3450 price region, just above key general support in the 1.3400 area. Further bearish price action that breaks down below both the consolidation and this 1.3400 level should confirm a … [visit site to read more]
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| Changing As Financial Markets Change Posted: 01 Mar 2010 08:01 PM PST I had the chance to listen to a prominent MIT finance professor talk about how market participants make their decisions, and I came away thinking that his big-brain ideas validate the approach that we’ve been using for years. Andrew Lo, the MIT professor, has developed what he calls the “adaptive markets hypothesis” (AMH) as a more sophisticated framework than the long-standing “efficient markets hypothesis” (EMH). I won’t go into a lot of detail, but the EMH assumes that all market … [visit site to read more]
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| Copper And Chile ETFs Affected By Earthquake Posted: 01 Mar 2010 07:31 PM PST Small wonder that copper prices are experiencing aftershocks of their own following this weekend’s massive earthquake in Chile. The Latin American economy is the world’s largest copper producer and millions are awaiting signs of a long-term supply disruption. Mine production has been halted in the copper-rich nation as Chile copes with a wave of aftershocks, reports Alix Steel for The Street. What it means in the long term is up in the air; can Chile get its mines up and running again … [visit site to read more]
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| Posted: 01 Mar 2010 07:26 PM PST One factor that contributed to the near-unraveling of the financial system in the fall of 2008, and which played a role in the LTCM blow-up and other financial crises through the ages, is the human response to Knightian uncertainty, or “unknown unknowns.”
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| Higher Interest Rates Ahead - Active ETFs To Stash Away Your Money Posted: 01 Mar 2010 07:01 PM PST On Feb 18, 2010, the US Fed announced an increase in the short-term discount rate from 0.25% to 0.75%. This is likely just the first of many more gradual increases in interest rates implemented by the Fed as the year unfolds. This would mean cash yields finally coming off rock-bottom levels as a result and providing investors with some degree of compensation for putting their cash in short-term investment. So what options to investors have when looking to stash away their cash? Michael … [visit site to read more]
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| Video: The Day Ahead: Euro-Zone PPI & CPI Posted: 01 Mar 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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| Thompson Creek Metals Company (NYSE:TC) – Recession Took A “Big Bite,” But It’s “on The Rebound” Posted: 01 Mar 2010 05:02 PM PST Thompson Creek Metals Company (NYSE:TC), the Toronto-based molybdenum mining company with operations in Canada and the US, hit some rough waters with a recent downturn in "moly" pricing, but there's reason to expect a stronger performance ahead.
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| Singapore Stock Market Update For Monday 01 March Posted: 28 Feb 2010 05:32 PM PST Morning Highlights Wilmar reported FY09 net profit of US$1.88 billion, up 23% Year-on-Year (YoY). 4Q09 net profit grew 18% to US$422 million. UOB reported a … [visit site to read more]
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