| Posted: 04 Apr 2009 12:00 PM PDT The stories, data, and stocks that may have the greatest impact during the next trading week. … [visit site to read more]  |
| Relaxation Of “Mark-To-Market” Valuation Rules - Let’s Play Pretend! Posted: 03 Apr 2009 09:11 PM PDT When elementary school kids want to escape the confines of their circumstances they pretend to be pirates, princesses, and Jedi knights. Now, with the relaxation of “mark to market” valuation rules announced yesterday by the accounting trade’s self-regulatory body, our bankrupt financial institutions can escape their own reality by pretending to be solvent. The unraveling of our fairytale economy over the last few months has not yet convinced us that the time has come to put away childish … [visit site to read more]  |
| G-20 Statement & My Interpretation - Part 2 Posted: 03 Apr 2009 08:55 PM PDT In a previous post, I went over the first half of the G-20 statement with my impressions of what it means. Here is the second half. Strengthening our global financial institutions 17. Emerging markets and developing countries, which have been the engine of recent world growth, are also now facing challenges which are adding to the current downturn in the global economy. It is imperative for global confidence and economic recovery that capital continues to flow to them. This will … [visit site to read more]  |
| G-20 Statement & My Interpretation - Part 1 Posted: 03 Apr 2009 08:54 PM PDT The following is the text of the Statement from the Group of 20 summit. I will translate and interpret it point by point. 1. We, the Leaders of the Group of Twenty, met in London on 2 April 2009. 2. We face the greatest challenge to the world economy in modern times; a crisis which has deepened since we last met, which affects the lives of women, men, and children in every country, and which all countries must join together to resolve. A global crisis requires a global … [visit site to read more]  |
| Projecting The Bull Flag High Of April 3 Posted: 03 Apr 2009 08:40 PM PDT If you see a potential Bull Flag setting up, do you know how to project the Profit Target? Let’s use Friday’s intraday action and the bull flag that set-up mid-day to learn how to find the price projection point of a Measured Move or Bull Flag. I described earlier how to use the Fibonacci Price Projection tool in TradeStation (which is the same in other programs I’m sure) to Project a “Measured Move” off a Flag and I wanted to show today’s action as an example. Please reference … [visit site to read more]  |
| Daily Forex Commentary: British Pound Moves Higher Against US Dollar Posted: 03 Apr 2009 08:40 PM PDT Euro The euro came off vis-à-vis the U.S. dollar today (Friday) as the single currency tested bids around the US$ 1.3515 level and was supported around the US$ 1.3220 level. U.S. March non-farm payrolls printed at -663,000 and the unemployment rate reached 8.5%, a new 25-year high,. Average hourly earnings were up +0.2% and January’s non-farm payrolls tally was revised for the worse by 86,000 jobs. The U.S. economy has now shed more than five million jobs since the U.S. … [visit site to read more]  |
| An Inside Look Of The Ferrari Factory Posted: 03 Apr 2009 08:34 PM PDT Since childhood, I have always been curious to know the inside of the Ferrari factory, to see more closely as their famous cars are manufactured. I have to admit that even now, the appetite to know more about this place still alive. I think all of you agree that Ferrari cars have something special and exclusive that makes the difference from others expensive cars. Located just outside of the small town fo Maranello, in Italy, this factory has been recognized over the recent years with … [visit site to read more]  |
| What G20 Meeting Means for Dollar ETF Posted: 03 Apr 2009 08:30 PM PDT During the G20 summit meeting, concern over the strength of U.S. dollar, along with subsequent exchange traded funds (ETFs), has come up in light of voluminous stimulus packages being put into global economies. … [visit site to read more]  |
| As Nest Eggs Decline, Darkness Falls On Twilight Years Posted: 03 Apr 2009 08:30 PM PDT For many people, the following images represent the dreamy existence they look forward to when their working lives are over: (Source: http://www.guardian.co.uk/society/2007/jun/27/guardiansocietysupplement3) (Source: http://farm4.static.flickr.com/3512/3247847941_61ab66cfde.jpg) (Source: http://www.missionlagunahomes.com/account/acc_files/10000/4258/Golfers(5).jpg) (Source: http://www.cypressglenretirementcommunity.com/twocouples1.JPG) But a lifestyle like this depends … [visit site to read more]  |
| The Markets Are At A Crossroad But There Are Still Opportunities Posted: 03 Apr 2009 08:22 PM PDT There are signs of both a potential market recovery (the beginning of a larger bull rally), and signs that this recent 20%+ run-up was nothing more than a bear market rally.  |
| What’s Next For Battered Financial ETFs? Posted: 03 Apr 2009 08:12 PM PDT It’s been a strong month for the financial sector and its exchange traded funds (ETFs), giving the heavily bruised sector a much-needed roar. Since the March 9 low, financials have rebounded more than 25%. Consider the Financial Select SPDR (XLF), which has exploded from its close on March 9 at $6.26, gaining 34%. To make it even sweeter, the ETF has crossed its 50-day moving average, despite being down 41.3% year to date. Unfortunately, the financials aren’t in the clear. … [visit site to read more]  |
| Friday’s Market Recap: Stocks Up, Google, Twitter, Bank Of America, US Airways Posted: 03 Apr 2009 08:07 PM PDT The markets inched higher today as the S&P (^GSPC) was up 0.94%. The Dow (^DJI) and NASDAQ (^IXIC) were both up, closing at 8017.59 and 1621.87 respectively. Both gold and oil had bad days, gold settled at $897.30 while oil settled at $52.51. The price of the 10 year treasury fell over a dollar, and closed at a yield of 2.9%. In tech news today, it was reported that Google (GOOG) is interested in partnering or acquiring Twitter. Twitter is a social media website … [visit site to read more]  |
| Posted: 03 Apr 2009 05:02 PM PDT With March employment data now available, the graph above of Initial Jobless Claims as a Percent of the Labor Force (1970-2009) has been updated to reflect the March labor force of 154,048,000, and the March average for initial unemployment claims (650,937 for the 4-week moving weekly average). That measure of initial jobless claims adjusted for the size of the labor force shows that we are currently above the levels of the last two recessions (1990-1991 and 2001), but still far below … [visit site to read more]  |
| How High Can Gasoline Prices Go This Summer? Posted: 03 Apr 2009 05:01 PM PDT According to the Energy Information Administration (EIA), the national average price of gasoline (regular, unleaded) reached $2.05 per gallon last week - crossing the $2 a gallon level for the first time since Nov’08. Current gasoline prices are more than 26% above their late Dec’08 levels. Given their critical role in the consumer-driven U.S. economy, gasoline prices are of concern to a lot of people. So what is behind the recent momentum in gasoline prices? And should we brace ourselves … [visit site to read more]  |
| Video: 04/03 Dell Inc. Orders More Job Cuts Posted: 03 Apr 2009 06:41 PM PDT PC maker Dell Incorporated announced today that they are looking to cut even more jobs from their assembly plant in North Carolina. … [visit site to read more]  |
| Video: 04/03 Oil Prices Dip On Demand Concerns Posted: 03 Apr 2009 06:14 PM PDT Oil prices managed to slide this session as unemployment and energy demand concerns hit home. … [visit site to read more]  |
| Video: 04/03 Euro Strengthens To Close Out The Week Posted: 03 Apr 2009 04:40 PM PDT The final trading session of the week within the money markets has seen the continued trend of risk appetite dominate the markets as the euro continues to strengthen. … [visit site to read more]  |
| Posted: 03 Apr 2009 03:58 PM PDT Job losses skyrocket and economists expect it to get worse before it gets better. … [visit site to read more]  |
| Video: 04/03 A Green Ending For The Asian Markets Posted: 03 Apr 2009 03:32 PM PDT The major Asian/Pacific markets managed to rise this past trading session to close out the week in the green. … [visit site to read more]  |
| Video: 04/03 RIMM Does Its Research And Surges During The 4Q Posted: 03 Apr 2009 03:29 PM PDT BlackBerry handset maker Research in Motion announced that its 4Q profits rose to exceed analyst expectations and therefore send shares of the company soaring this session. … [visit site to read more]  |
Saturday, April 4, 2009
Financial News & Opinions 04 Apr 2009
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