Daily Markets - Financial News And Opinions |
- Why Obama’s Energy Plan Will Push Oil Prices Much Higher
- U.S. Private Sector Jobs To Increase By 1 Million This Year?
- The Real Economic Consequences Of Obama’s Bank Tax Plan
- Video: Global Manufacturing Accelerates
- BlackRock’s Bob Doll: “Long Term Path Of Least Resistance For Stocks Continues To Be Up”
- Too Hot, Too Cold Or Just Right?
- Europe Now Out Of Time-Outs
- Three ETFs To Watch This Week: EWG, FXY, TIP
- Citigroup Spin-Off Primerica Sees Strong Stock Debut In Hot IPO Market
- Was It A Bull Trap Breakout In Crude Oil?
- Investing Opportunities In Foreign Stock Markets
- Top 5 ETF Performers For The Week Ended 4 April 2010
- Online Tax Revolt
- Economic Calendar For The Week Starting 5 April 2010
- Two Big Issues With Research In Motion
- What To Expect In April For Stocks & Precious Metals
- Hyundai Forges Ahead
- The Hydropower Solution In Central Asia: Yes But…
- Singapore Stock Market Update For Monday 05 April
- ‘A Permanent Condition Rather Than A Storm To Be Weathered’
| Why Obama’s Energy Plan Will Push Oil Prices Much Higher Posted: 05 Apr 2010 03:21 AM PDT It has been described as a “stunning” reversal. In reality though, the “reversal” is actually cementing one of the greatest investment opportunities of the next decade. Last Wednesday the government announced it was opening up offshore waters to oil drilling and exploration. It was hailed as great news by most of the media. The move to open new areas to oil exploration when oil’s at $80 a barrel appeared to be a great economic move and a greater political move. But not all is what … [visit site to read more]
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| U.S. Private Sector Jobs To Increase By 1 Million This Year? Posted: 05 Apr 2010 02:21 AM PDT This graph and post were inspired by a recent Scott Grannis post titled “400,000 New Jobs and Counting,” where Scott estimates that “new private sector jobs have increased by 400K so far this year, with 300K of those new jobs created in March alone.” The chart above shows the monthly changes in private sector employment, calculated by taking the difference between total “Civilian Employment” (data here) from the BLS Household Survey and total “Government Employment” (data here) from … [visit site to read more]
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| The Real Economic Consequences Of Obama’s Bank Tax Plan Posted: 05 Apr 2010 01:21 AM PDT President Obama plans to introduce a fee on the largest banks in the country - those with assets greater than $50 billion - in an effort to get back “every single dime” for the taxpayers. This levy will start June 30 and aims to collect $90 billion over a course of 10 years. But increasing taxes in time of economic weakness is exactly what is not needed! Even if the taxes are targeted at banks, the ripple effect of these taxes will be felt throughout the economy as it will directly reduce … [visit site to read more]
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| Video: Global Manufacturing Accelerates Posted: 05 Apr 2010 01:00 AM PDT Manufacturing reports from the US, UK, China and Euro-zone point to an expanding sector, helping to fuel the global economic recovery. … [visit site to read more]
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| BlackRock’s Bob Doll: “Long Term Path Of Least Resistance For Stocks Continues To Be Up” Posted: 05 Apr 2010 12:17 AM PDT Bob Doll, Vice Chairman of BlackRock (NYSE:BLK) appeared at CNBC on March 29 sharing his latest views with Ken Langone. BlackRock (BLK) became the largest money manager in the world last December after acquiring Barclays Global Investors, and now has about $3.35 trillion asset under management. Doll’s Macro Views The pace of global economic recovery will be slower than normal due to the lingering credit problem
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| Too Hot, Too Cold Or Just Right? Posted: 05 Apr 2010 12:17 AM PDT Dave Frost at Oilprice recently observed that there appears to be positive turnarounds in a variety of economic indicators. Moreover, job postings are rising across the board in all industries. State taxes are on the rebound. As well, ISM manufacturing data also appears to be robust. Is the US economic rebound poised for another upleg? Instead of trying to analyze backward looking economic releases, I prefer to look at the market's response, which are more forward looking and the signals … [visit site to read more]
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| Posted: 04 Apr 2010 11:21 PM PDT In sports, if the opposition is on a roll and the momentum is squarely against you … you need a “time-out.” This interruption in action can break the rhythm of the opposing team and give your team a moment to re-evaluate and re-group. In the euro zone, European officials called a time-out back in February hoping to stem the heavy wave of selling against the euro and the speculative pressures on sovereign debt risk. And when they re-grouped they brought out a carefully managed … [visit site to read more]
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| Three ETFs To Watch This Week: EWG, FXY, TIP Posted: 04 Apr 2010 11:00 PM PDT As the second quarter kicks off, many equity markets look to continue their run higher on the back of a decent jobs report which saw the private sector adding close to 123,000 jobs in the month. The week ahead is light on data releases and earnings reports, but could still set the tone for the rest of the second quarter by testing the strength of the current rally. Below, we profile three ETFs in particular that could see an active week:
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| Citigroup Spin-Off Primerica Sees Strong Stock Debut In Hot IPO Market Posted: 04 Apr 2010 10:21 PM PDT Citigroup Inc. (NYSE:C) on Thursday debuted its insurance spin off Primerica Inc.’s (PRI) stock with soaring results, as 2010 proves to be a strong year for initial public offerings (IPOs). The stock opened strong Thursday morning with 21.36 million shares at $15.00, and closed up 31% at $19.65 a share. Primerica wanted to sell 18 million shares at $12 to $14 per share and raise $290 million, but exceeded expectations with more than 21 million shares at $15 each for a $320.4 million … [visit site to read more]
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| Was It A Bull Trap Breakout In Crude Oil? Posted: 04 Apr 2010 10:01 PM PDT The big news last week - that you might have missed if you weren’t watching - was in the non-stop rally in Crude Oil after bouncing off support and breaking two potential price patterns with bearish overtones. Let’s see the rally and the two broken patterns: From a pure price standpoint - ignoring indicators - it looked like we could have been seeing a “Head and Shoulders” reversal pattern in price… but that was broken this week with a sharp rally to break above the head and … [visit site to read more]
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| Investing Opportunities In Foreign Stock Markets Posted: 04 Apr 2010 09:31 PM PDT Sometimes we act as if we were that horse on the right. We look straight ahead as if we had blinders on. We read the press, watch the news and talk with our friends about how bad the economy is, the likelihood of a double-dip recession, the poor state of the $US, the ballooning Federal deficit and about the impotence of Congress and the Executive in mending the economy. With all this doom and gloom how could stocks go up, why should anyone put their money at risk instead of leaving it in … [visit site to read more]
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| Top 5 ETF Performers For The Week Ended 4 April 2010 Posted: 04 Apr 2010 09:04 PM PDT Broad market indices enjoyed another up week in the context of a decent jobs report, a surprise decision to lift the ban on offshore drilling, and no new damaging news markets haven’t already digested. Emerging markets were especially strong, as well as commodities in the face of a declining US dollar for the week. There has been some press this week about funds pouring into high yield debt and companies sitting on cash hoards that are likely to start pumping out dividends which begs … [visit site to read more]
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| Posted: 04 Apr 2010 09:01 PM PDT A Virtual March on Washington If you haven’t already, you owe it to yourself to visit www.onlinetaxrevolt.com and learn about the online tax revolt and march on Washington. If you wish to participate, you can choose your own avatar to march for you. You can also choose which marching group to associate yourself with. I’m marching under the Fair Tax (tax consumption only) banner, but Flat Taxers, and others, including those merely fed-up with high taxes and spending, are welcome to … [visit site to read more]
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| Economic Calendar For The Week Starting 5 April 2010 Posted: 04 Apr 2010 08:41 PM PDT Here’s the Economic Calendar for the week commencing 5 April 2010. It’s monetary policy time again! This week we have scheduled rate reviews by the RBA in Australia, the ECB in the EU, the BoE in the UK, the BoJ in Japan, and even the US Fed with its peculiar announcement to review the discount rate. It’s reasonably likely that the RBA will lift its cash rate again to 4.25%, likewise the US Fed seems like it might be out to increase the discount rate again. For the others though it will … [visit site to read more]
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| Two Big Issues With Research In Motion Posted: 04 Apr 2010 08:01 PM PDT With the number of opinions being expressed on major companies like Research in Motion (NASDAQ:RIMM) and Apple (NASDAQ:AAPL), it can get awfully overwhelming to try and understand from a high level what the situation is. This has especially been the case with RIM in the last few days when they released so called “mixed results” - which basically means that they disappointed the street, but not really. It’s fairly easy to identify the things people agree on - RIM has a solid balance sheet, no debt, … [visit site to read more]
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| What To Expect In April For Stocks & Precious Metals Posted: 04 Apr 2010 07:29 PM PDT I hope everyone had a great weekend and Easter Holiday!
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| Posted: 04 Apr 2010 07:10 PM PDT Hyundai Automotive Group posted record sales in March, 15.4% over March 2009. The Sonata, Hyundai’s excellent mid-sized sedan, came in third place after the Toyota Camry and Honda Accord. During the current economic downdraft, two primary events have occurred to propel Hyundai forward. The quality, style, fit and finish of Hyundai vehicles have been widely judged to be very good to excellent, and the price point has been thousands less than comparable vehicles. Some analysts have attributed … [visit site to read more]
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| The Hydropower Solution In Central Asia: Yes But… Posted: 04 Apr 2010 07:01 PM PDT Surfing the wave of the hype for renewable energy such as hydropower and the invitation by the United States to many regional countries to get involved in the efforts to stabilize Afghanistan, Tajikistan is bringing back to the table the Rogun hydropower dam project. Rogun, conceived in Soviet days, was planned to generate 3,600 megawatts but the collapse of the Soviet Union halted the completion of this project. Now an independent country, Tajikistan, one of the poorest in the … [visit site to read more]
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| Singapore Stock Market Update For Monday 05 April Posted: 04 Apr 2010 06:45 PM PDT Morning Highlights Golden Agri broke high of 0.60 Metro broke high of 0.83 News … [visit site to read more]
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| ‘A Permanent Condition Rather Than A Storm To Be Weathered’ Posted: 04 Apr 2010 06:16 PM PDT According to the “experts,” the recession is over. What’s it going to take for them to realize that while the first phase of the Great Unraveling might be drawing to a close, the outlook is shakier than it was at the beginning of the downturn. Why? Because not only are most Americans in worse financial shape than they were two years ago, their attitudes have undergone a secular transformation, as McClatchy suggests in “Living in Economic Downturn Has Become the New Normal”: MODESTO, Calif. — … [visit site to read more]
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