| 5 Factors In Favor Of Brazil’s ETF Posted: 02 Apr 2009 11:26 AM PDT Emerging markets are one of the more popular themes in our investing universe and their may be potential for growth in Latin America, most notably Brazil, and their related exchange traded funds (ETFs). Latin American countries have been undergoing large infrastructure programs and they are likely to continue after the global recession has abated, writes Katie Puckett for Building. In Brazil, the government’s growth acceleration program will continue into 2010, and it includes $231 … [visit site to read more]  |
| Posted: 02 Apr 2009 11:23 AM PDT Energy Information Administration — It was anticipated that nuclear generation would decline in 2008. Preliminary data for much of the year seemed to confirm a decline, although the decline was not as great as initially projected. Cumulative monthly data released in the Electric Power Monthly shows nuclear generation for 2008 was actually a fraction of a percent higher than in the record year of 2007 (see chart … [visit site to read more]  |
| Mark To Market Scam: A Guide To Hiding Toxic Assets Posted: 02 Apr 2009 10:17 AM PDT Tomorrow marks an important economic decision regarding FAS 157 and marked to market accounting. This is going to be another reason to, at the very least, question government intentions. The following is a complete look into how marked to market accounting has affected the banks, and what the real intentions behind banning FAS 157 really are. As it’s well documents, credit default swaps are derivative products. That’s just a fancy way of saying that CDS are purchased with … [visit site to read more]  |
| Posted: 02 Apr 2009 09:17 AM PDT After bouncing up off the key 96.00 support/resistance level early this week, price action on USD/JPY, a daily chart of which is shown, has reached all the way up to just a few pips shy of the targeted 100.00 level. This represents a critical juncture for this currency pair, as this level is not only a significant prior support/resistance level, but also a key psychological level. Thursday (4/02/2009) morning’s substantial bullishness in this currency pair was effectively stalled by the … [visit site to read more]  |
| Stock Market Rally Continues Past April Fools Posted: 02 Apr 2009 09:13 AM PDT The 2nd of April, typically a let down day for pranksters has markets rising like the Sun in the East. North American markets had spent March on an absolute tear, had the Madness from the NCAAs spread to the trading floors or was there finally something to be optimistic about? Well, first and foremost the G20 summit has economists, investors and the media talking, which is always a good thing, especially if what’s being talked about is recovery. Not only recovery, but how to get there. … [visit site to read more]  |
| GBP/USD Moves Closer To Last Week’s High Of 1.4777 Posted: 02 Apr 2009 09:07 AM PDT The GBP/USD has been helped today by a better than expected Home Price Index. the Nationwide HPI rose by 0.9% for the month of March and came in down 15.7 for the YoY. The market was expecting -1.5% and -18.1% respectively. This helped push the GBP/USD move up sharply The move higher today has pushed the pair back above the 100 day MA at the 1.4567 level. Last week, the market moved above this key MA for 1 day reaching a high price of 1.4777 but quickly reversed the gain and … [visit site to read more]  |
| The Options Opportunity Matrix Posted: 02 Apr 2009 09:00 AM PDT Maybe I spent too much of my former life in consulting, where 2×2 matrices seem to grow wild on PowerPoint slides, but I have always found that a matrix is a useful way to help compare and contrast the tension between conflicting yet sometimes complementary ideas. I mention this because I have recently fielded several questions about my options trading approach. In thinking about how I might want to discuss the subject, I realized that I have unknowingly been carrying around a 3×3 … [visit site to read more]  |
| The Dow: Elliott Wave Similarities Between 1938 And 2008 Posted: 02 Apr 2009 08:30 AM PDT Earlier, I took a look at “Dow Jones Similarities Between Dow Jones 1937/1938 and Today” and then followed up with “The Resolution of the 1937 Bear Market,” both of which were high-traffic posts. Let’s take a special look now at the Elliott Wave structure as more price bars have developed since that report and the structure is still as eerily similar now as it was then. Dow Jones (^DJI) 1937 -1938 with 5-Wave Structure: One could have interpreted the final wave structure such … [visit site to read more]  |
| USD/AUD Index: The Downside Prevails. Posted: 02 Apr 2009 08:10 AM PDT Update on supports and resistances. … [visit site to read more]  |
| USD/CAD Index: The Downside Prevails. Posted: 02 Apr 2009 08:10 AM PDT Update on supports and resistances. … [visit site to read more]  |
| The G-20’s Secret Debt Solution Posted: 02 Apr 2009 08:00 AM PDT I’m buried monitoring the markets … scrutinizing them virtually 24/7 … checking every piece of news I can get my hands on. I also have three Dollar Index charts on my trading screen: A monthly chart, a daily chart, and a 60-minute chart to check the short-term moves. That’s because there’s a lot going on in the currency markets. They need to be monitored closely. Miss a development - no matter how small it may seem - and it can cost you big time! That’s especially true now … [visit site to read more]  |
| USD/CHF Index: The Downside Prevails. Posted: 02 Apr 2009 07:10 AM PDT Update on supports and resistances. … [visit site to read more]  |
| Posted: 02 Apr 2009 07:10 AM PDT Update on supports and resistances. … [visit site to read more]  |
| USD/GBP Index: Capped By A Negative Trend Line. Posted: 02 Apr 2009 07:10 AM PDT Update on supports and resistances. … [visit site to read more]  |
| USD/EUR Index: Key ST Resistance At 76.5. Posted: 02 Apr 2009 07:10 AM PDT Update on supports and resistances. … [visit site to read more]  |
| Futures Outlook For Thursday: S&P, Mini Dow Jones, Crude Oil Posted: 02 Apr 2009 06:45 AM PDT S&P 500 June Contract S&P has reacted perfectly coming back to test 775 and then spring boarding higher through 821 to test 828.40 this morning. There is resistance at 830.50 from previous highs, but this is expected to be dispatched by buyers which would then lead the market higher for 836 to 840.20. Within this band of resistance profit taking is expected and sellers will be testing the water due to the rise of the past two days. You should therefore see the market come lower … [visit site to read more]  |
| The Risks Today For Major Currency Pairs Posted: 02 Apr 2009 06:36 AM PDT The subdued tone that the G20 has brought on this week continues to transpire, as markets struggle to find a level before the meeting, that some have put on par with the treaty of Versailles and the creation of the League of Nations so many years ago. We are in line with the market consensus view in expecting the ECB to cut its refinancing rate by 50bp to 1.00% and its deposit rate by 25bp to 0.25%. In addition, we believe the ECB must move forward with some level of non-conventional policy … [visit site to read more]  |
| FASB Relaxes Fair Value Measures In Valuing Distressed Assets Posted: 02 Apr 2009 06:25 AM PDT The FASB has relaxed the fair value rules which was expected: FASB agrees the objective of mark-to-market accounting is still what would be received in an orderly transaction in the current inactive market. This will allow banks more … [visit site to read more]  |
| Cartoon Of The Day: Who’s Next To Resign Posted: 02 Apr 2009 06:20 AM PDT |
| Simon Property Group Poised To Take Advantage Of Low Property Prices Posted: 02 Apr 2009 05:47 AM PDT Among the battered real estate industry there are a few REITs that are situated to take advantage of the carnage and profit in the long run. Simon Property Group (SPG) is going to be poised to snatch up properties at rock bottom prices from sellers who simply want to pay down their enormous debt loads. With a market cap of $7.59 billion, SPG is the largest public real estate company in the United States. As of December 31, 2008, SPG owned or held an interest in 324 … [visit site to read more]  |
| GBP/USD Continues Above The 1.45 Psychological Level Posted: 02 Apr 2009 05:40 AM PDT The GBP/USD catapulted after rising above our 2nd tier uptrend line, surging well beyond the psychological 1.45 barrier. In fact, the Cable peaked past our 3rd tier trend line before retreating as investors take profits before challenging March highs. Britain continues to receive good economic data including yesterdays Manufacturing PMI and today’s Construction PMI and Nationwide HPI numbers. In other words, the manufacturing and construction industries are looking up in Britain … [visit site to read more]  |
| EUR/USD Rebounds To March 30 Highs Posted: 02 Apr 2009 05:31 AM PDT The EUR/USD has pushed through March 30 highs, rallying before the ECB announces its monetary policy decision. While the 50 basis point cut analyst expect is likely, investors will be more interested in what Claude Trichet has to say about the ECB’s potential use of quantitative easing. Trichet will likely say the ECB doesn’t need to cut the benchmark rate further. However, this is what the ECB has said after each of their other rate reductions. As a result of investor … [visit site to read more]  |
| Crude Prices Could Stay Down On Continuing Low Demand Posted: 02 Apr 2009 05:22 AM PDT DOE stats were fairly ugly in its own right. Start with crude oil. The amount of crude in US mirrors crude situation around the world. Perhaps we had a few major selling out some of the crude in the north sea last month that created some noise that floating stocks might be cleared. However, the truth is, crude oil is still in heavy contango and does not look like recovering anytime if stock situation remains dire, especially due to real lack of demand. Perhaps stocks in Cushing, having … [visit site to read more]  |
| G20 Meeting Demonstrates How Witless Politicians Are Posted: 02 Apr 2009 05:17 AM PDT Finally the g20 meets today. There have been high hopes that this real summit can reach agreement on major issues that will help to slow the slide into Global Depression and perhaps even mark the bottom of the market so to speak. However, what has been disturbing the past week or so is the divergent politics which are driving the agenda rather than facing up to real problems. Tax Havens - Tax havens did not cause this recession and persecuting them is not going to cure it either. … [visit site to read more]  |
| EUR/CHF Tests Support After Lower Than Expected Cut Posted: 02 Apr 2009 05:11 AM PDT The EUR/CHF was supported this morning on the back of comments by SNB Hildenbrand of intervention if the CHF got too strong. This was a point warned about in last nights video commentary. This moved the pair up to the high for the day at 1.5263. After the ECB announcement the pair corrected to the downside after the upside did not take out the high. The market moved down to the 200 hour MA at the 1.5216 level and rebounded. This level will remain as support today. The … [visit site to read more]  |
| Chile: The One Country That Was Prepared For The Financial Crisis Posted: 02 Apr 2009 05:07 AM PDT Chilean President Michelle Bachelet rebuked British Prime Minister Gordon Brown last weekend, saying the British economy would have more room for fiscal stimulus now if he had pursued responsible budget policies previously, as Chile has. It makes you sit up and take notice when you see a Latin American political leader rebuking a British one for financial irresponsibility, but in this case, Bachelet was completely justified. Great Britain, even more so than the United States, was … [visit site to read more]  |
| Today’s Trading Should Prove Eventful, With Two Key Announcements Posted: 02 Apr 2009 03:45 AM PDT Yesterday’s (Wednesday) protests were nowhere near as bad as feared, though we should probably reserve judgement until the return leg is played today at the G20 meeting. Regardless, after a day spent watching the news yesterday it feels as if the London market is in its starting blocks, looking to sprint out of the gate into Q2. It appears to be a race to see which “risk on” trade can go furthest the fastest; while Macro Man noted yesterday that he thought that there might be some … [visit site to read more]  |
| US Inventory Weighing On Oil Prices Posted: 02 Apr 2009 02:06 AM PDT In its weekly status report Wednesday, the Energy Information Administration (EIA) reported another build in inventories of crude oil and refined products, which is expected to weigh on oil prices in the coming days. The agency reported that total commercial crude oil stocks increased by 2.8 million barrels from the preceding week, significantly above expectations. This is the fourth consecutive week of inventory build, seriously denting growing optimism about the commodity’s … [visit site to read more]  |
| Global Investment News Briefs: US Home Sales, India Exports, KMPG, Macy’s, Automakers Posted: 02 Apr 2009 02:00 AM PDT U.S. Pending Home Sales Up 2.1%; India Exports Plunge 21.7%; U.S. Manufacturing Gains Traction; Nigerian Market Down 37% This Year; KMPG Sued for $1 Billion; Carmakers’ Incentives Help Sales in March; Macy’s Debt Downgraded to Junk; Billion-Dollar Hedge Funds Drop 40% Pending sales of U.S. homes increased 2.1% from January to February, nearly doubling the expectations of economists polled by Reuters. The National Association of Realtors Pending Home Sales Index, which measures … [visit site to read more]  |
| USD/JPY Holding Strong Above Key Moving Average Posted: 02 Apr 2009 01:24 AM PDT The JPY is softening up across the board as risk appetite is evident in the Forex market. The major European equities are at session highs as is the USD/JPY, currently at 99.32. Yesterday (Wednesday), we saw the 200 Day Moving Average tested but the USD/JPY was unable to breach and run north of the indicator as US auto bankruptcy fears softened up the pair. Today, thanks to the risk appetite, the pair is currently holding strong above this key moving … [visit site to read more]  |
| Fixing The Economy - The Russian Way Posted: 02 Apr 2009 01:20 AM PDT The Business Section of the St Peterburg Times asked readers for ideas on “How Would You Fix the Economy?”. This was the “best” idea: Dear Mr President (1) They leave their jobs. Forty million job openings - Unemployment fixed.  |
| Futures Outlook For Thursday: FTSE, DAX, Eurostoxx Posted: 02 Apr 2009 01:09 AM PDT FTSE June Contract Ftse expected to open sharply higher, which is why support and resistance levels are so far away from the closing price. There was good resistance at 3980 but if the market opens above this, look for this level to support. You could see sellers at the psychological of 4000/4002 coming in to hold FTSE here. Failure to hold below 4010 sees sellers wobble and reverse as this would take the market higher for 4029/34. You will have a large opening gap however, and markets do … [visit site to read more]  |
| Video: 04/02 Market Expectations For G20 Posted: 02 Apr 2009 06:00 AM PDT Sam Stovall, Chief Investment Strategist at Sandard and Poor’s, says the markets are really hoping the G20 countries don’t agree to anything “stupid.” … [visit site to read more]  |
| Why Oil ETFs Can Lose As Prices Increase Posted: 02 Apr 2009 12:12 AM PDT Understanding why the oil exchange traded fund (ETF) occasionally lags behind jumps in oil prices is a simple matter of knowing how it works. United States Oil (USO) is the largest ETF that tracks the commodity. It followed the 77% drop of crude prices between July and December. But Kevin Baker for TheStreet explains that although oil prices have risen 45% since the low in 2008, the ETF went down another 4.3%. What’s happening highlights the challenges that ETFs trading futures … [visit site to read more]  |
| Bullish Reversal Patterns In WFR Posted: 01 Apr 2009 10:26 PM PDT MEMC Electronic Materials (WFR) is forming a rather bullish reversal pattern that can serve as an educational example of how a Rounded Reversal forms, how the “Cradle” sets up, and how a multi-swing positive momentum divergence forms. Let’s see them. A higher timeframe chart will show WFR resembles Crude Oil (and USO) in terms of its decline and then multi-swing positive momentum divergence that began back in October 2008. One divergence can be a signal that the next … [visit site to read more]  |
| I Think This Bear Stock Market Rally Has Seen Its Top Posted: 01 Apr 2009 09:33 PM PDT Well … that was a busy couple of weeks. I hardly had time to follow the stock markets much less analyze the charts and write about them. When last we spoke, we had a nice Bear Market Rally going. We had gone more than 20% off of the lows. Well guess what … we’re still rallying, although it is currently under some pressure. As I mentioned after the third day of the rally, watch out for the 825 level because that appears to be a powerful level of resistance. The reason for … [visit site to read more]  |
| Forex Outlook For Thursday: G-20 Meeting More Than A Photo-Op Posted: 01 Apr 2009 09:29 PM PDT Unlike other G-(insert number) meetings this one will be more than a photo-op as policymakers face some of the worst financial problems in history. There is no time to pass on items at this meeting or save them for the next meeting because waiting in this rapidly changing global economic environment could prove to be disastrous.  |
| EUR/USD Tests 100-Hour Moving Average Posted: 01 Apr 2009 09:25 PM PDT As S&P Futures turned around to the positive side (+7.3) early in the Tokyo session, we see the EUR/USD pair making a run to test the 100 hr moving average. It has traded between the 55 hour and 100 hr throughout the session, a break of the 100hr could lead it higher without much topside resistance before the 200hr and a break of 55 hr should lead it to trendline support as it ranges and awaits the next … [visit site to read more]  |
| Nobel Laureate Stiglitz On The Administration’s Ersatz Capitalism Posted: 01 Apr 2009 09:15 PM PDT Nobel laureate in economics Joseph Stiglitz writes in The New York Times that Treasury Geithner’s $500 billion or more proposal to fix America’s ailing banks, described by some in the financial markets as a win-win-win situation, it’s actually a win-win-lose proposal: the banks win, investors win - and taxpayers lose. The Treasury, argues the professor of economics at Columbia Univesity - hopes to get us out of the mess by replicating the flawed system that the private sector used to … [visit site to read more]  |
| Posted: 01 Apr 2009 07:45 PM PDT Highlights include Citigroup Inc. (C), Bank of America Corp. (BAC), Wells Fargo & Co. (WFC), U.S. Bancorp (USB) and Regions Financial Corp. (RF). Currently, 8.3 million or 20% of the mortgages nationwide are in a negative equity position, meaning the homeowner owes more than the house is worth. This has caused a rise in short sales (selling a home fore a price that is less than the outstanding mortgage balance). In fact, individuals that may not be in financial trouble today but … [visit site to read more]  |
| Video: 04/02 Pre Market: G20 And Initial Jobless Claims Posted: 02 Apr 2009 12:00 AM PDT The stories, data, and stocks that may have the greatest impact during the next trading session. … [visit site to read more]  |
| Record U.S. Job Losses In March, Unemployment Highs In Europe Posted: 01 Apr 2009 06:17 PM PDT The U.S. private sector cut a record 742,000 jobs in March, higher than analysts’ expectations and a leap from the upwardly revised 706,000 jobs cut in February, according to a report from ADP Employer Services. The report is based on data from about 400,000 businesses with an estimated 24 million people on payroll. According to the ADP’s report, businesses with more than 499 employees shed 128,000 jobs. Companies with 50 to 499 workers slashed 330,000 workers from their payrolls. And … [visit site to read more]  |
| The Obama Administration’s Proposed “Responsible Wall Streeter Tax Credit” Posted: 01 Apr 2009 06:12 PM PDT The Administration is about to launch a new plan designed both to stimulate the economy and clean up Wall Street at the same time. The “Responsible Wall Streeter Tax Credit” will provide Wall Street executives and traders a credit against their 2008 income taxes in an amount equal to their individual share of responsibility for the nation’s financial collapse. The Congressional Budget Office estimates overall losses from the collapse to be about $7 trillion but figures only about 10 … [visit site to read more]  |
| ETF Wrap-Up: Can’t Fathom Any Fundamental Reason For Stocks To Rise Posted: 01 Apr 2009 06:02 PM PDT Well, it is April Fools Day, eh? Mr. Market is playing thoughtful investors for fools that’s for sure. You could watch futures down big last night and then this morning was the dreadful ADP jobs report and a sell-off seemed certain. But a funny thing happened on the way to the bear’s den-we got a series of “in-line” (ISM Data), “better than expected” (Pending Home Sales) “less severe than expected” (Construction Spending) reports and we were off to the races. Volume was about … [visit site to read more]  |
| Posted: 01 Apr 2009 05:58 PM PDT Investors should watch the G-20 meeting with very great care and look behind the inevitable, bland ‘groupthink’ final communiqué of superficial cooperation. While this class of grade-A economies looks harmonious, the Anglo-Saxons are most afraid of the impending D’s: deleveraging and decoupling. … [visit site to read more]  |
| How UK Banks Are Coping With The Crisis Posted: 01 Apr 2009 05:48 PM PDT Royal Bank of Scotland (RBS) shares it’s wealth over borders, but after the crash of global markets, and related exchange traded funds (ETFs), the bank retreated and resorted to protectionism for the first time this century. During the recent trend in globalization, Royal Bank of Scotland ventured out into markets, other than those sharing borders, to locales such as Kazakhstan, China and Rhode Island. That flow of credit and capital across borders was pinched as the government took … [visit site to read more]  |
| Posted: 01 Apr 2009 05:45 PM PDT Historically, desktops generated the largest sales for Intel Corp. (INTC), but the revenue crossover point for notebooks happened in the June 2008 quarter. Management stated that the notebook market was changing rapidly. Corporate customers were the primary buyers of notebooks in the past. However, nearly 50% of consumer PC purchases have now shifted to the mobile platform. While this has boosted the demand for notebooks manifold, there has been some negative pressure on margins. … [visit site to read more]  |
| Strange New Taxes In The Making As The Beast Screams To Be Fed Posted: 01 Apr 2009 05:44 PM PDT It’s easy to blame the current push for higher taxes on the Democrats. However, the disastrous state of public finances means the effort is truly a bipartisan affair. Indeed, given the damage caused during the past two years by the bursting housing bubble and the accompanying economic collapse, the writing was on the wall even before last November’s elections brought the red team into power in Washington and elsewhere. I am on record as having said as much, when I told TV host Larry “the … [visit site to read more]  |
| Are Pension Funds The Next To Need A Bailout? Posted: 01 Apr 2009 05:41 PM PDT The Administration has given both General Motors Corp. (GM) and Chrysler a very short leash to avoid bankruptcy. Chrysler has just 30 days to merge with Fiat, and GM 60 days to come up with yet more cuts and concessions from its stakeholders. GM CEO Rick Wagoner, who was opposed to the idea of going into Chapter 11, was pushed out and replaced with Fritz Henderson, who seems more open to the idea. I doubt the Chrysler merger will happen — or that if it does happen, it will be … [visit site to read more]  |
| US Stock Market Recap: Will Google Challenge Microsoft In The Operating System Arena Posted: 01 Apr 2009 05:33 PM PDT The first day of the second quarter greeted investors well as all major indices were up. Dow Jones gained over 2.00% to close the day at 7,761 while the S&P 500 and NASDAQ ended up 1.51% and 1.66% respectively to close at 881 and 1,551. The 10 year saw its yields shrink to 2.66% while Gold and Oil settled at $929.70 and $48.43.The markets surged as better than expected manufacturing, housing, and auto sales data hit the Street. The banks fared well with Citigroup (C) up over a … [visit site to read more]  |
| Mergers And Acquisitions Explained - Part 3 Posted: 01 Apr 2009 05:20 PM PDT Following on from Part I (overview of M&A) and Part II (mechanics and process of M&A), it’s now time to look out for where we’re going to see some M&A action in the near future. It’s true to say that we haven’t seen a lot of merger and acquisition deals lately. Year on year, global M&A volume is down by 36%. Looking specifically at the UK, there’s been a near complete collapse. Excluding government activity, M&A deals in Q1 2009 were 84% lower than last year. So … [visit site to read more]  |
| Daily Forex Analysis: Expected Rate Cut From ECB Likely Well-Factored In Posted: 01 Apr 2009 05:18 PM PDT Looking Ahead to Thursday All times Eastern (-5 GMT) 8:30am USD Unemployment Claims Summary The USD ends mixed today (Wednesday) after another volatile two-way session; some pairs extending their ranges during New York trade. Most action was ahead of the London fix as US fundamentals were released as well as overseas news reports from pre-G-20 meeting participants; traders note that … [visit site to read more]  |
| Green Shoots In The US ISM Report? One Word…Plastics. Posted: 01 Apr 2009 05:15 PM PDT Don’t look now, but it there is a green shoot in the economy. The ISM new orders index increase by 8.1%, with new orders recorded in Plastics and Computer Products. While the new orders diffusion index increased we are still far from a full fledged recovery, but it does appear that perhaps some replenishing of inventories is occurring. In March, customer inventories increased and were regarded as too high, but at the manufacturing level inventories continued to contract. Among the … [visit site to read more]  |
| Introducing The Parabolic Stop And Reverse (SAR) Posted: 01 Apr 2009 05:01 PM PDT Yesterday, a reader asked about the usefulness of the parabolic stop and reverse indicator, sometimes called the PSAR or SAR. Since this is one of my favorite not-quite-mainstream indicators, I thought I would take a moment and mention some of the reasons why I am a fan of the SAR. One thing led to another and before I knew it, my simple response had grown to Tolstoyan proportions. For that reason, I am going to address the SAR over the course of several posts. The SAR was unveiled by … [visit site to read more]  |
| Why It Isn’t All Gloom For Leisure & Entertainment ETFs Posted: 01 Apr 2009 05:01 PM PDT Although the global recession has taken its toll on the leisure and entertainment industry and its exchange traded funds (ETFs), it isn’t all gloom for the industry. Walt Disney (DIS) has been hit hard by the decline in consumer spending, jumps in unemployment and an overall desire to save that extra penny. The entertainment giant has slashed an undisclosed number of workers and plans to consolidate its operations in Florida and California, states Reuters. Starbucks (SBUX) has … [visit site to read more]  |
| Video: 04/01 NYC’s Water Taxi To Cut Service Posted: 01 Apr 2009 06:51 PM PDT The NYC Water Taxi Service Company announced todasy that it will soon suspend service on its Rockland County to lower Manhattan route. … [visit site to read more]  |
| Video: 04/01 Oil Prices Slide On Stockpile Surge Posted: 01 Apr 2009 06:42 PM PDT Oil prices managed to plummet this past trading session as a surprising rise in crude stockpiles led the way for traders to sell off their oil contracts. … [visit site to read more]  |
| Honda To Benefit From GM, Chrysler Spinning Their Wheels Posted: 01 Apr 2009 01:30 PM PDT You know lately, the media has been focused on what is going to happen to some of America’s biggest business icons: GM (GM) and Chrysler While there’s nothing wrong with that, my mind always has “the wheels turning” and wondering how I can profit from what’s going on in the media. So many people watch the news for everything from “entertainment to information”. However, I watch it to derive an investing idea out of it. With the focal point being on a GM/Chrysler bankruptcy, their … [visit site to read more]  |
| Video: 04/01 G20 Is The Talk Of The Street Posted: 01 Apr 2009 05:14 PM PDT The G20 meeting will get underway on Thursday as Wall Street intently watches. … [visit site to read more]  |
| Video: 04/01 Dollar Rises On Positive Data & Market Gains Posted: 01 Apr 2009 05:00 PM PDT The US dollar managed to rise this past trading session as US equity market gains and optimistic economic data weighed heavily on the minds of investors. … [visit site to read more] |
Thursday, April 2, 2009
Daily Markets - Financial News & Opinions
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