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- Just For Laughs: Energy Independence
Mind you this is a satirical look at the idea of energy independence, but sometimes, the phrase seems more rooted in a nonsensical brand of nationalism then reality, because it’s a farcical notion that a nation that consumes 25% of the world’s oil yet has only 3% of the world’s reserves can become energy independent whilst still heavily depending on oil.
The only we can become … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - August ETF Performance Report
Market volatility continued in August, which led to mixed performance for major indexes and exchange traded funds (ETFs). The Dow Jones industrial average ended the month down slightly by 0.3%, the S&P 500 was basically flat, but the Nasdaq gained 1.6%.
Foreign markets and ETFs lost ground this month, with iShares MSCI South Korea (EWY) down the most at 14.8%, followed by SPDR S&P Emerging Europe (GUR) and Market Vectors Russia … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Oil Protectionism: Ominous Sign For The World
The world woke up today to the scare that Russia may use its oil as a weapon. In addition to the geological peak oil thesis that I have espoused before, this Russia development is a form of the political peak oil thesis, which Fabius Maximus has been beating the drums on for some time in … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Market Summary - Gustav Reclaims Hurricane Status
The 8pm report from the National Hurricane Center has Gustav emerging from a tropical storm back to hurricane status. The present projections have Gustav impacting the Texas or Louisiana coast by Monday or Tuesday. In its path will be hundreds of off shore oil and gas platforms.
The movement in crude oil prices today reflect a real battle between those who think Gustav will peter out and those who believe Gustav will do real harm. At the end of the day oil was near its lows of the day. It … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Europe ETFs Hit By Credit Crisis, And They Aren't Happy
Like many areas around the globe, Europe is getting crunched hard by the credit crisis, and exchange traded funds (ETFs) focusing on this region are suffering.
Figures released in mid-August showed that the euro-zone economy shriveled to an annualized rate of 0.8% during the second quarter. It was the biggest reversal since 2001.
Purchasing and manufacturing data are reflecting this slump, consumer confidence is low, and business confidence within the three largest European economies - … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Bank Failure - Integrity Bank Of Georgia
The FDIC has announced another bank failure:
FOR IMMEDIATE RELEASE
Integrity Bank, Alpharetta, Georgia, with $1.1 billion in total assets and $974.0 million in total deposits as of June 30, 2008, was closed today by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation was named receiver.
The FDIC Board of Directors today approved the assumption of all the deposits of Integrity Bank by Regions Bank, Birmingham, … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Tortoise And Hare: Growth ETFs Outpace Value
For those investors seeking profit now, rather than after a market recovery, growth-oriented exchange traded funds (ETFs) appear to be outpacing the value. One of the biggest reasons this is happening is because of inflation. Large-cap value companies take a hit from rising input costs when inflation hits.
Joanne Von Alroth for Investor's Business Daily explains that companies can … [visit site to read more]
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Переслать - A World Without Record Companies
I've noticed that many discussions about digital music, the struggles of the recording industries, etc, often are centered more on various individual's ideological beliefs around music, more than they’re on the economic issues facing the recording industry.
Some people hate pop music and want the major record companies to go away, and the industry to be dominated by indie labels producing less commercial music.
Some people just think music should be free
Other folks just hate the … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Friday's US Stock Market Recap
Stocks tumbled today sparked by rising oil prices as the threat of Tropical Storm Gustav looms around the Gulf Coast and after the government's announcement that personal incomes fell in July. Retail gas prices increased today, the first increase in over 40 days (since gas prices peaked at a national average of $4.114 a gallon back on July 17), after analysts warned that if Tropical Storm Gustav were to hit the Gulf Coast, gas prices could soar as high … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - British Pound Suffers Largest Monthly Fall Since 1992
With Friday being the last trading day of the month and the US Labor Day holiday coming up on Monday, currency flows have been rather disorderly, and the only exciting action in the forex markets has been another steep decline of the British pound against the US dollar. GBP/USD fell for the sixth consecutive trading day, and its weekly performance is negative too, posting the sixth straight week of decline.
If you measure the difference between the high of the first week of decline to the … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - JDSU Breaks Away On Missed Q4 Earnings, Loss Widens
On Wednesday, August 20 after-hours, JDS Uniphase Corp. (JDSU) reported a Q4 loss of $0.13 per share or $29.8 million vs. a loss of $.08 per share or $17.9 million. Revenue increased 11% to $390.3 million from $350.7 million a year ago. Analysts were expecting earnings of $0.10 per share on $395.8 million in revenue. Excluding items, JDSU would have earned $0.07 per share or $15.5 million, missing both … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - The FDIC Ramps Up
Hmmm. It looks like the FDIC is ramping up for something big.
I wonder what it could be.
Here’s the skinny.
From Bloomberg by David M. Levitt entitled: FDIC Adds Office Space in Dallas, Ready for More Bank Failures
“The Federal Deposit Insurance Corp. is preparing to sign a five-year lease to add five floors of … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Arrow Electronics Core Business Strains
Arrow Electronics, Inc. (ARW) reported revenues of $4.35 billion in Q2:08, above our estimate of $4.05 billion, while non-GAAP diluted EPS of $0.84 beat our consensus estimate of $0.77.
For the September quarter, ARW guided to revenue and EPS in the $4.1-4.4 billion and $0.73-0.78 ranges. We were expecting $4.05 billion and $0.75. Component sales are expected to be in the range of $2.85-3.05 billion. Computing sales are expected to be $1.25 billion -1.35 billion, slightly … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Rotten Earnings: Del Monte Foods Posts Q1 Loss
On Thursday August 28, before the market open, Del Monte Foods Co. (DLM) reported a Q1 loss of $0.05 per share ($0.04 from continuing operations) or $10.1 million on $726.2 million in revenue vs. earnings of $0.02 or $3.5 million on $626.8 million in revenue a year ago. Revenue increased by 15.9% due to price hikes, volume growth, and new products. Discontinued operations added a $0.01 per share loss to the results. Analysts were … [visit site to read more]
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Переслать - While Cotton Industry Shrinks In Australia, ETN Might Stretch
There's a battle over cotton that could affect its exchange traded note (ETN), and it's anything but soft and fluffy.
The United States and Brazil have been in a war over cotton subsidies for around six years, with the United States on the losing end. The World Trade Organization has gotten involved, and things could get cotton-pickin' scary. So far, the WTO has decided the Unite States is breaking the rules by subsidizing cotton exports. Sanctions could be in the billions of dollars, … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - How The Financial Problems All Begin With Case-Shiller Home Price Index And End At The Banks
Problems. Problems. Problems.
I have mine….You have yours. He has his….. She has hers. The world is full of them.
But some problems are much bigger than others. And when they break the wrong way, even innocent bystanders get taken down by them.
Now here’s a big problem for you: The banks gave a ton of money out to people that couldn’t possibly pay it back. Not real smart if you ask … [visit site to read more]
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Переслать - Colombia: Latin America's Hidden Gem For Investors
By Martin Hutchinson
I have to admit it: When it comes to investing in such emerging markets as Latin America, I'm generally a cynic.
It's partly because of my experiences as a young banker there in 1979-82. But I'm just as troubled by the mad optimism that goes around Wall Street every time some even remotely plausible government comes to power and takes over somewhere in that region.
One such example: Argentina in 1991-95. I find myself … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Quiet Riot: Trading The Noise
OK, let’s take stock of a few things that we know:
1) It’s the last day of the month, with the concomitant fixing/rebalancing flows from non-directional players
2) It’s the week after the UK bank holiday and the Friday before Labor Day
3) There are rumblings of exotics flows going through the European fixed income market of the kind that provided so much joy in June
4) Sensationalist stories … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - ETF Closures A Symptom Of Rapid Growth
The markets are feeling challenged right now, and it's likely that we won't see a ton of new assets flowing into the markets and exchange traded funds (ETFs) until we're in bull territory once again.
So far this year, 25 ETFs have closed up shop. Is the industry settling down after the rapid growth of the past two years? Many analysts agree that the industry may be growing up, but it is far from becoming mature, visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Fat Cat Oil Shareholders? No, "Broadly Middle-Class"
According to the study “The Distribution of Ownership of U.S. Oil and Natural Gas Companies,” authored by Robert J. … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Allied Irish Banks Downgraded To Hold From Buy
We are reducing our recommendation to Hold from Buy on Allied Irish Banks, p.l.c. (AIB). In its first half report, AIB posted net earnings before nonrecurring items of 922 million, down 3% year over year, but above our estimate largely due to a lower effective tax rate.
However, we are slashing our diluted EPADS estimates to reflect substantially higher loan impairment provisions to $5.70 from $6.20 for 2008, in line with revised AIB guidance calling for an 8%-10% decline … [visit site to read more]
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Переслать - South Africa's ETFs Futures Look Brighter After Reports
South Africa's exchange traded funds (ETFs) are dancing on reports of a lower jobless rate.
In the second quarter, the country's unemployment rate fell to 23.1% and economic growth rebounded from a six-year low, reports Nasreen Seria for Bloomberg. Economic expansion hit an annualized 4.9%, up from 2.1% in the previous three months.
Employment within the mining sector rose the highest, by 3.9%, while transportation industry employment rose 3.6%. Unfortunately, Africa's largest … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Gustav And The Oil Volatility Index (OVX)
Since first becoming a tropical depression on the morning of August 25th, Gustav became a tropical storm, then a hurricane, and is now back to being a tropical storm – at least for the time being. Most models have Gustav reaching hurricane strength again later today, perhaps as soon as the next National Hurricane Center (NHC) update, which is only a half hour away.
If anyone is interested in watching a movie of the … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - ETFs Could Harness The Wind With Advent Of Underground Storage
Wind energy is not just a bunch of hot air, as many companies are looking to this as a legitimate power source, blowing new life into related exchange traded funds (ETFs).
Public Service Enterprise Group Inc. (PEG) is planning on spending $20 million to develop services that compress air to store power, giving potential for electricity production via wind turbines and solar cells, visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Fannie/Freddie Chatter - Something Big Is Brewing
I am hearing chatter something is about to go down soon. Who knows if this will be a bailout, but rest assured the tax payer will likely be on the hook for something.
The options market is confirming something is brewing with the XLF put-call ratio out of control. There have been approx 500k at or near the money front-month calls and 250k for next month. Put volume is a paltry 110k front month and about 45k next month. Several other indicators of 'news pending' are flashing.
Being … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - GDP Up, Joblessness Down, But While ETFs Might Rebound, Make Sure It Sticks
Stocks and exchange traded funds (ETFs) received a breath of fresh air today after it was announced that the U.S. economy grew faster than expected in the second quarter.
Economists had called for a 2.7% growth rate, but instead got 3.3%, reports Jeannine Aversa for the Associated Press. It was a nice reversal after two downbeat quarters: the economy shrank in the last quarter of 2007, while it grew a weak 0.9% in the first.
The growth isn't seen as a permanent sign that the fragile … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Thursday Stock Market Summary: Is The Bear Market Over?
Drum roll please… NO
Today the media (and others) have proclaimed that the bear market may have ended. The reasoning behind this claim is today's revised GDP data for Q2 which went from 1.9% up to 3.3%.
The Q2 GDP was revised up on two main components. The first was the Governments claim that final sales (GDP less inventories) increased at a 4.8% rate, and the second being exports rose significantly from the last quarter.
The GDP is a backward looking indicator, not forward. Or if … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Fannie And Freddie's Survival Spells Big Trouble For Housing Market
If these two companies Freddie Mac (FRE) and Fannie Mae (FNM) survive as private, beware. House prices will continue to fall, defaults, foreclosures and inventory will continue to surge, which causes house prices to fall and defaults, foreclosures and inventory to surge…….
Since CITI (C) and Goldman (GS) chimed in on how these two runaway, over-leveraged, risk-taking, … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Freddie Mac Has Actually Doubled In A Week
Who would have thought it - Freddie Mac (FRE), which has been battered by almost endless selling, has actually doubled in value since the end of last week. Let's take a closer look at this remarkable accomplishment that may have shocked a lot of market participants.
Let's look at a logarithmic scale of Freddie Mac's Daily Chart:
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Thursday Daily Market Commentary: The US, Japan And Europe Planned Forex Intervention Back In March
EURO
The euro depreciated vis-à-vis the U.S. dollar Thursday as the single currency tested bids around the US$ 1.4670 level and was capped around the $1.4810 level. Data released in the U.S. saw Q2 gross domestic product growth of an annualized 3.3%, above the 2.7% forecast. The … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Profiting From Israel's Renewable Energy Boom
We’ve been tracking the flow of dollars and shekels into Israeli clean energy ventures for years now, looking for opportunities. This week, a multi-million dollar deal may have signaled the start of a profit chain reaction. Here’s how a few listed companies will benefit.
Israel Corp. is the New Jersey-sized country’s largest holding company, specializing in chemicals and fertilizers, but also diversified into energy, shipping, and transportation investments.
And as you know, companies … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Record Companies Shunning Apple's iTunes
The following relates to my previous article on how digital music is drastically changing the economics of the music business in such a way that it’s hurting profitably:
(From the WSJ): “..a growing number of record companies are trying to steer clear of Apple Inc.’s (AAPL) behemoth music store, because they say selling single songs on iTunes in some cases is crimping overall music sales.
Kid Rock’s “Rock ‘n Roll Jesus” … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Stock Picks And Trade Ideas For Friday - TRN, GOOG, RIMM
Chart courtesy of stockcharts ( click to enlarge )Research In Motion (RIMM) is losing momentum and the daily relative strength index has entered the neutral region from the bullish zone. Investors may hold with a stop-loss at … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Build-A-Bear: Micro-Cap Value Heaven
Many investors shy away from investing in micro capitalization stocks and generally
for good reason. On average micro-cap stocks are more dangerous and volatile than their larger peers, and many of these business are in the fragile stage of their lifestyle where failure or bankruptcy is still a possibility.While this is no doubt true, micro-cap stocks have … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - China, Taiwan Conversation Could Help Sinking ETFs
Now that the Olympics have come and gone, Taiwan and China are making plans to resume talks in Taipei at the end of 2008, the result of which would be a boost both economies and the Taiwan-focused exchange traded fund (ETF).
The rumored talks are to hit upon topics such as direct strait-shipping, and cargo flights on a charter basis, along with economic and cultural exchanges, so says the Radio … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Thursday's Market Recap: Surprise GDP Growth Lifts US Stocks
One of the big stories of the day was Dell's very disappointing second quarter, in which, Dell (DELL) reported a 17% decline in quarterly profit. This decline is accredited to spending cutbacks on IT which has spread away from America and has also hit Western Europe and Asia. This is evidence of a global slowdown in IT spending and could be a bad sign for the Information Technology sector as whole. Dell reported a net income of $616 million, or $0.31 … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Inverse ETFs See The Silver Lining In Markets' Cloud
Inverse exchange traded funds (ETFs) played out well in 2008, as market conditions did a reverse and let these types of funds play their part.
These types of funds are merely two years old, and the timing of their market debut was perfect.
ProFunds originated these funds back in 1997, when bear market index funds were created for investment professionals, visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Life For Older Americans: Not Quite A Norman Rockwell Painting
When brokerage firms and mutual fund companies paint a picture of what life is — or will be — like for older Americans, it is usually an idyllic scene, seemingly plucked from an updated version of a Norman Rockwell painting.
Of course, this doesn’t take account of today’s realities: stagnant incomes, widening inequality and an unraveling of the “public-private framework of security” that has left Americans “exposed to the harshest risks of our turbulent economy,” according to Jacob Hacker, … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - AIG Gets Near-Term Boost
Following its third-consecutive dismal quarterly earnings miss, multi-line insurance giant American International Group (AIG) look to be rebounding from its 52-week low this past Monday, when shares fell to around $19 per share. On better-than-expected second quarter economic growth in the U.S., AIG has bounded up over 4% to the $20.80 range near mid-day Thursday.
This is likely the first bit of good news the company has seen in awhile. Ahead of the company’s 180% … [visit site to read more]
Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
Переслать - Gander Mountain Climbing Slowly
Gander Mountain Co.'s (GMTN) second-quarter sales were in-line with our forecast, but its net loss per share was $0.07 below our estimate. The downside was due to the company's operating costs coming in higher than our forecast. Still, we expect substantial improvement in operating profit margins in the second half of the year, and we are slightly boosting our EPS estimates the remainder of fiscal year 2008 and fiscal year 2009.
That said, Gander Mountain is still … [visit site to read more]
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Виртуальное казино Голдфишка - игры в интернете.
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