Mar 28, 2010

Daily Markets - Financial News And Opinions

Daily Markets - Financial News And Opinions

Rejigging The Balance Of Supply And Demand

Posted: 28 Mar 2010 05:03 PM PDT

Before the downturn began, Wall Street strategists and other “experts” who hadn’t quite figured out that Great Unraveling was more than just a garden-variety downturn prattled on about recession-proof sectors and companies. In the end, the economic devastation that took place — and is still taking place — left few industries unscathed.
In fact, I remember many “analysts” talking excitedly about prospects for the casino industry, because Americans would supposedly keep gambling no matter … [visit site to read more]


Shale Gas Going Global - An Interview With Dave Forest

Posted: 28 Mar 2010 05:01 PM PDT

Dave Forest and I are philosophically aligned.  Dave writes “Pierce Points” everyday (and I read it every day) and he is a former Casey Energy newsletter editor. We’ve started sharing ideas and a key one for both of us is that we see huge shareholder wealth being created for oil and gas investors as the new technologies now used in North America - horizontal drilling and fracking - get exported around the world.

Of course these technologies are 40 years old, but only in the last decade … [visit site to read more]

Forex Trading: Euro Higher On Open, But Trading Lower

Posted: 28 Mar 2010 04:06 PM PDT

The USD opened the session much weaker against all of the major currencies with the EUR/USD pair opening the session at 1.3473 after closing on Friday at 1.3414.  On the hourly chart, the open came in around the 38.2% retracement level from the downward move that started on March 17.

A closer look on the 5 minute chart shows that it made an upward pass through the 1.3477 level, held for 30 minutes, and than retreated back below and is currently trading … [visit site to read more]

Calling For Independent Investigation Of FINRA

Posted: 28 Mar 2010 03:01 PM PDT

PLEASE READ and ENDORSE THIS CALL for an INDEPENDENT INVESTIGATION. PLEASE SHARE. Thanks!! LD

I have publicly stated time and again that I believe the Wall Street self-regulatory organization, FINRA, did sit and likely still sits at the nexus of the Wall Street-Washington incest that has brought our nation’s economy to its knees.

Regrettably, we have had no Congressional inquiries into the failures at FINRA. Dare I say, we have had no public pressure from the media to drive a … [visit site to read more]

All Bubbly Again

Posted: 28 Mar 2010 01:41 PM PDT

By one measure, at least, the NASDAQ Composite is looking mighty bubbly (again)….

Ahhh, the good old … [visit site to read more]

Summary Of Global Stock Market Performances (March 22–26)

Posted: 28 Mar 2010 01:01 PM PDT

In the absence of the usual weekly “Words from the Wise” review (see Gone A.W.O.L - to Uruguay and San Diego), I this week just provide a summary of the movements of major global stock markets for the past week and various other measurement periods.

With sovereign debt concerns taking center stage, the cyclical bull market that commenced on March 9, 2009 showed some hesitancy during the past week. Performances were mixed as seen from the MSCI World Index gaining a meager 0.2% and the … [visit site to read more]
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