Mar 6, 2010

Daily Markets - Financial News And Opinions

Daily Markets - Financial News And Opinions

BlackRock CEO Larry Fink: The King And His Kingdom

Posted: 06 Mar 2010 06:01 PM PST

Who runs Wall Street?

Last June, I designated “Larry Fink: The King of Wall Street” and wrote:
With the downfall of Wall Street over the last two years, we have seen some giants within the industry summarily dismissed and, in certain cases, demonized. Who knows what the future holds for Dick Fuld, Jimmy Cayne, John Thain, and Angelo Mozilo.

With their demise, who now reigns over the Wall Street kingdom?  Many would debate that either Lloyd Blankfein of Goldman Sachs (NYSE:GS) or Jamie … [visit site to read more]


Billionaire Investor George Soros Betting Big On Gold

Posted: 06 Mar 2010 05:01 PM PST

A bubble in gold is certain, but George Soros is betting big on the precious metal. “The ultimate asset bubble is gold,” hedge fund legend Soros told the audience at the World Economic Forum in January. Yet Soros, 80, upped its investment in SPDR Gold Trust (GLD), an exchange traded fund invested in gold, 150% in the fourth quarter, according to a filing,” Christopher Glynn reports From HedgeFund.

Glynn goes on to say, “Soros is head of Soros Fund Management, a $25 billion hedge fund … [visit site to read more]

Economic Events For The Trading Week: March 7 - 12

Posted: 06 Mar 2010 04:01 PM PST

The U.S. Retail Sales and Consumer Sentiment reports, coupled with economic growth and industrial activity data from the world’s largest economies plus two interest rate announcements from the Reserve Bank of New Zealand and the Swiss National Bank, will have the strongest potential to move the markets in the week ahead.

In preparation for the new trading week, here is a quick look at the most important economic events that every currency trader should pay attention to.

Sunday, Mar. 7 … [visit site to read more]

Stock Investor Sentiment: Don’t Stray Too Far From The Data

Posted: 06 Mar 2010 09:33 AM PST

I always have the option of how I present the data. I can be negative or positive in my outlook and tone. But one thing I rarely do is stray too far from the data. I am flexible, but I remain data centric in my approach, and this forms the basis for my trading decisions. In the current market environment we find the sentiment picture to be pretty much what it has been for the last 6 months: the “smart money” is bearish and the “dumb money” remains bullish. Under these conditions, I know that … [visit site to read more]
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