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- Forex Trading: EUR/USD Fails To Retrace November High
Looking at the retracement analysis on the EUR/USD from the 11/05 high to the 11/13 low, we see that the pair was unable to fully retrace the early November highs. Although the move north might not be complete for the pair ahead of year end, we will be watching the full retracement level (~1.3114) as short-term resistance. We will also be watching the converging moving averages to provide support as they move higher with the … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. 
Переслать - US Stock Market Recap: Dow And S&P 500 See Minimal Gains
It was a rare day for the markets as the day ended without a huge gain or loss. Instead Wall Street saw a calm ending to the day. The Nasdaq (^IXIC) was the only index of the major three that saw a dip this Tuesday, as a result of news that companies have been and will continue to cut back on technology spending. The Nasdaq fell a 0.50% and closed at 1464 points. On the other hand the Dow (^DJI) and S&P 500 (^GSPC) saw minimal gains. The Dow was in the green 0.43%, closing at … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Reversal In The US Dollar Index Underway
An interesting potential reversal is underway in the US Dollar Index, which could give a boost to commodity prices in the short term. Let’s look at this development, and also a potentially complete Elliott Wave Impulse graph of the Dollar Index.
Dollar Index Daily:
:The US Dollar Index has surged steadily from its April bottom to a peak of $88.00 earlier in November. Price is now forming complex momentum divergences and potentially has completed a full Elliott Wave Impulse to … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - A Tale Of Two Cities - Citigroup And Detroit
The troubles with Citigroup (C) began in late September, when the government-assisted purchase of Wachovia (WB) fell through to a Wells Fargo bid that did not require government backing. A closer look at the deal reveals that the bid for WB was more than a push for a deeper pool of deposits. Citi and the government planned to divide the losses on $312 billion in assets, with Citi shouldering the first $30 billion and the gov’t covering the rest. Citigroup described the deal as a way … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - GBP/USD Moving Averages Converging
Looking at our old GBP/USD weekly retracement analysis from the June 2001 lows to the November 2007 highs, we see the pair trading comfortably off the lows. However, the 100 week and 200 week moving averages have converged for the first time since December of 2002. This is a note worthy event because when the moving averages converged at the end of 2002, with the 100 week moving above the 200 week the pair proceeded to rally 4000 pips before it saw a significant sell off … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - New ETFs Double Up Commodities Exposure
ProFunds Group is launching the first family of exchange traded funds (ETFs) within the United States that gives exposure to commodities, the euro or the yen. There is leveraged commodities and currency exposure in exchange traded notes (ETNs), but not ETFs - until now.
ProShares is the largest provider of the leveraged or short ETF, and their funds will begin trading on the NYSE Arca today. Gold and silver benchmarked funds will begin trading in a few weeks.
Currency and commodities … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - The Japanese Experience Looks To Be The Fed And Treasury Play Book
The quantitative easing game is on. When you step back and think about this logically, it all makes sense and is quite simple really. What did we learn from Japan? They lost a decade but they did not lose their entire financial system and throw their nation into Armageddon and chaos.
The Japanese experience looks to be the Fed and Treasury play book. It is the lesser of all evils. Hey, if it only costs a decade or two but some point in the future the nation pulls out of this mess, … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Financial ETFs Have A Long Climb Back
The U.S. banking system is still in dire straits as the number of problem banks keeps rising, giving few breaks to financial exchange traded funds (ETFs).
The expectation is that more banks are likely to fail as the number of troubled banks and thrifts rose in the third quarter from 117 to 171, report John Poirier and Karey Wutkowski for Reuters.
FDIC reserves to back deposits was $24.6 billion as of September, up 23.5% from the previous year. FDIC classified banks with a problem was up … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Pre Market: Durable Goods
The stories, data, and stocks that may have the greatest impact during the next trading session. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - The Tailwind In The Gold Market
The global gold hedge book has seen dramatic changes as a result of gold producers systematically reducing hedges to take advantage of higher prices. Over the last year, gold producers have reduced hedges by over 40%, resulting in the lowest amount of gold hedges since 1987. GFMS and Societe Generale recently released their quarterly report on the hedge book, the following table summarizes the hedge book over the last year.
Composition of the Delta-Adjusted Global Hedge … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Electronic Stock Exchanges
You may not realize it, but with every stock trade, microseconds matter.
When you enter a stock trade in your brokerage account online or put a call in to a trusted broker, there’s a behind-the-scenes shuffle of lightning-speed transactions on electronic stock exchanges.
Despite what you hear from the bully pulpit, information and efficiency are really the keys to market health. The old NYSE model of barking orders and pieces of paper flying all over the place is on the way out. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - The Dow Is Up For The Third Day, Does That Make A Trend?
The Dow and S&P extended their gains to 12% and 14% respectively over the 3 day period. So are traders seeing thrice as a trend and these extended government backed plans as a sign of turnaround hope? … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - "Problem" Financial Institutions On The Rise
It seems like an eternity, but it was less than two years ago when a near decade low 50 FDIC-insured financial institutions were deemed to be at risk of failure. Only 21 months later, the number has more than tripled - and appears headed far higher still. In “‘Problem’ Banks Rose 46 Percent in Third Quarter, FDIC Says,” Bloomberg gives us the salient details from the FDIC’s latest Quarterly Banking Profile.
The Federal Deposit Insurance Corp. said banks categorized as “problem” … [visit site to read more]Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Forex Trading: USD/CHF Continues The Correction Down
The USD/CHF has continued the corrective move down today. Yesterday the pair moved below the 100 and 200 hour moving average for the 1st time in a number of weeks. This gave good trade location for shorts looking for a short term top and a correction after a steady climb higher in the last four weeks.
Today, the pair has now moved below the 100 bar moving average on the 4 hour chart (see above) as the step down corrective trend continues. The moving average level comes in at … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Credit Card And Car Loan Bailout: In For A Penny, In For A Pound
The US consumer needs a credit card bailout like a crack addict needs another fix. Now we’re going to backup credit card debt and auto loans.
When all this bailing out started I tossed out the old English maxim: “In for a penny, in for a pound.” That was an understatement. Once the government went down this road there was no stopping them.
Da Boyz on the trading desks and hedge funds like all this money pumping so they bid up stocks when they can.
Once again volume really didn’t … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Why We're Bearish On Credit Cards
Credit card debt is just beginning to resemble the mortgage debt problems at the core of our financial meltdown. And the last thing the financial sector needs to feel is further squeeze, as Americans have accumulated some $970 billion in revolving consumer debt since the end of September 2008, up 3.4% from the close of 2007.
Sure, the credit card industry is typically resilient during our economic slowdown, thanks to pricing flexibility. And the thinking was, that as the economy sours, … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Cisco Plans 5 Day Shutdown At Year-End
Cisco Systems (CSCO) shares dropped more than 6% during today’s trading session, after the networking giant said it would shut down most of its U.S. and Canadian business for five days, from Dec. 29 through Jan. 2, as part of the co.’s previously announced plans to cut costs. Cicso made the cost-cutting announcement on Nov. 5, after it warned that revenue could fall as much as 10% in the current quarter given the challenging macroeconomic environment.
Cicso’s shutdown however, will … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Don't Call It A Comeback: The Story Of The EUR/USD's Reversal
Last week EUR/USD was testing the bottom of a descending trendline, and while I don’t trade dollar strength because I don’t trade against what I perceive to be the long-term trend, I expected it to fall.
Looks like I was wrong. EUR/USD did shoot out of the descending triangle quickly — but it did to the upside. So is EUR/USD ready to start an uptrend again? Let’s see what the charts tell us:
1. The four hour chart shows the moving averages bullishly aligned, Moreover, the three … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Five Places For Your Cash Right Now
In this market, putting your cash under a mattress may appear more promising than an investment, but bond exchange traded funds (ETFs) and a few other places, are offering a safe place and a decent yield.
Katy Marquardt for US News & Workd Report has five ideas on where to stash your cash.
Money market account: Bank products are offering a safe place to park your cash and offer the appeal of security. You can find yields of 3.2% to 2.6% right now. FDIC insurance covers you up to … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - How About First Comparing Today To Early 1980s?
A Google News search shows that the phrase “since the 1930s” has been used 6,223 times in the last month, and the phrase “since the Great Depression” has been used more than 14,000 times in the last month, and most these news references are comparisons of today’s economic and financial conditions to the 1930s and the Great Depression. In contrast, the phrase “since the 1980s” has been used only 1,588 times in the last month.
Here’s one problem: By comparing today’s economic conditions … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Mutual Fund Fee Hike Could Spark Exodus To ETFs
Mutual fund fees could be increasing next year, and it hardly seems like a good way to bring back investors who have left in favor of exchange traded funds (ETFs).
After capital gains distributions and underperformance, will this bring back lost assets?
Analysts are slating stock funds for an average increase in expense ratios of .05% to .1%, while bond funds could go up .01% to .02%. Assets have fallen this year, further putting on the pressure, and some funds that operate break points … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - FDIC: Commercial Banks, Thrifts Net Income Down 94%
According to an FDIC report released Tuesday morning, commercial bank and thrifts earned $1.7 Billion in Q3′08, down 94% from $28.7 billion they earned in the same quarter last year. Reading through the release one certainly gets a sense of a banking industry that remains under a considerable amount of strain given the misguided investments in speculative ventures over the past several years.
The number of problem banks during the quarter increased to 171 from 117. FDIC cited higher … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Plunge In US Home Prices Sets Another Record
It is another new month and another new record.
US home prices according to the Case-Shiller Index continue to free fall.
Of course, that is not exactly news these days but here’s the skinny on the new figures nonetheless.
From Reuters by Julie Haviv entitled: US home prices plunge record 17.4% in Sept-S&P“Prices of U.S. single-family homes plunged a record 17.4 percent in September from a year earlier, according to a key S&P index released on Tuesday.
The composite … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Forex Commentary: US Dollar Extends Recent Losses
Euro
The euro moved higher vis-à-vis the U.S. dollar today (Tuesday) as the single currency tested offers around the US$ 1.3080 level and was supported around the $1.2805 level. The U.S. dollar extended recent losses as risk appetites continued to increase, especially after today’s announcement from the Federal Reserve that it is sponsoring a US$ 600 billion program to purchase mortgage-relate debt and securities and a US$ 200 billion facility to purchase consumer … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - A Trip Down The Road To Squanderville
Although still seen as the world’s economic superpower, the United States has found itself with a myriad of problems: Skyrocketing federal debt, growing annual budget deficits, an almost nonexistent personal savings rate, and the dubious honor of being the country with the largest current account deficit, of which trade makes up the largest part.
A trade deficit occurs when you are importing more than you are exporting - in other words, you are consuming more than you are producing. So … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Extreme Volatility In Leveraged SKF
During the Financial Crisis of 2008, the Ultra-short (two times leveraged) Financial ETF (SKF) - symbol SKF - has generated a grand profit for some traders. However, such grand profits are not without extreme risk, as we saw in the recent three-day 50% slide in the ETF. Let’s look at this development and add a little reality to trading leveraged funds.
SKF (Ultra-Short Financials) Daily:
Ahh, the beauty (and curse) of leveraged funds. For each corresponding 5% move down in … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - US Travel & Leisure Industry Outlook
In a recession, both consumers and businesses look to cut expenses, and that’s bad news for travel and leisure companies. While we don’t expect the demand picture to change anytime soon, some operating expense relief may ease the pain felt during the downturn.
OUTLOOK
In the lodging sector, we expect that revenue per available room (RevPAR) will decline meaningfully in 2009. Although new construction starts have slowed considerably in recent months, new hotels that were planned … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - It's Embarassing For Reserve Bank Of India To Toe The Government Line
My namesake, Mr Leeladhar, Deputy Governor of RBI has asked banks to think long term and:
….recognize policy steps taken to counter the global financial crisis were temporary…
….measures are ad hoc in nature in response to a particular situation…
The banks would be well advised to ensure that their business strategies and decisions are guided by the longer-term perspective of the systemic and macroeconomic developments and are not unduly influenced by the current episode of the … [visit site to read more]Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - US Dollar Breaking Down, Gold Rallying
The US Dollar Index is breaking down off of its highs. This may be the beginning of a downtrend or just a corrective decline. We’ll have to see how it reacts, when and if it gets to resistance. Fundamentally, there’s really no good reason for the dollar to be going up.
The best explanation, possibly, is that the rest of the world is slowing also. The rest of the world is feeling financial pressures. There’s a belief that our balance sheet may be best suited to deal with the … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Transocean Outlook Stays Bullish
Houston, Texas-based Transocean, Inc. (RIG), having the very appropriate NYSE ticker of RIG, is the world’s largest offshore drilling contractor. The company owned, had partial ownership interests in, or operated 137 mobile offshore drilling rigs.
We are maintaining our Buy recommendation on Transocean shares following the company’s solid operational results in the recent quarter. The company reported strong revenue and earnings growth, driven by the acquisition of GlobalSantaFe and … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Lemming Behaviour Prevails In The Stock Market
Every time a different piece of equipment is attached to the patient in ICU, traders, like lemmings in heat rush like a herd and bet on the patient winning the next marathon.
And, of course, all lemmings perish by cliff diving over the precipice. Am I the only person fed up with the following headline every day:
Today, the Treasury announced…..or Today the Fed announced…
The markets in Europe took off like idiots in heat because the Treasury announced….you should know by now … [visit site to read more]Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Dollar Tree Bears Fruit
Dollar Tree Inc (DLTR) reported a 20% rise in quarterly profit and boosted its full-year guidance, sending shares up more than 5%. The discount retailer reaped benefited from the weak economy, which forced an increasing number of consumers to hunt for bargains.
In the third quarter, net income rose to $43.1 million, or 47 cents per share, while analysts were expecting a profit of 44 cents. Quarterly earnings also exceeded the company’s guidance of 40 cents to 43 cents per share.
For … [visit site to read more]Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Hewlett-Packard 4Q Profit Sinks But Beats The Street
Hewlett-Packard’s fiscal 4Q income may have slipped quite heavily during these times of economic uncertainty, but the low results still managed to beat Wall Street expectations. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Oil Prices Dip On Poor US Economic Data
Oil prices retreated from yesterday’s rally as poor US economic data further heightened fears over both a larger slump in energy demand and oncoming global recession. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Asia Gets A Boost From Financials & Commodity Producers
A recent boost within Asian/Pacific financial and commodity-related stocks has helped lift the major Asian/Pacific markets this session with at least three-digit gains. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Dollar Weakens Yet Again Against The Euro
The US dollar continued to trade even lower against the euro this session led by a US government report showing that the US economy contracted during the 3Q. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Stocks Give Up Gains
Markets fall as technology shares falter, led by Hewlett Packard. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Hormel's Fiscal 4Q Profit Falls 33%
Hormel Foods Corporation (HRL) annonunced today that its fiscal 4Q profit fell 33% due to high ingredient costs. Still, that figure beat Wall Street expectations therefore making HRL today’s stock to watch. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Video: Henderson: Government's Move A Positive
The Fed’s decision to focus on consumers is a big positive for the economy and so is Obama’s economic team, says David Henderson of Raven Securities. … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Keynes, Friedman, And Other People The G20 Spend Too Much Time Hanging Out With
Given that debates on how to fix the financial crisis have become the conversation du jour, now seems like an appropriate time to re-visit various monetary theories to see what works. So here goes:
Keynesian. John Maynard Keynes is the father of contemporary macroeconomics. I would consider this to be a rather negative claim, given that Keynesian policies are at the heart of our current crisis. According to Keynes, deficit spending is not a problem, and the government should use it when … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Stocks Move Down On Weak Data, So Does EUR/USD
The stock market is starting to feel some pressure from the weaker data that has been released this morning. The Pavlovian reaction by the market is selling in USD/JPY, GBP/USD and EUR/USD, and buying in USD/CHF.
The EUR/USD now trades below the 1.3000 level once again and is approaching the high of yesterday at 1.2950. A move below this level will likely attract some additional selling.
The stock market players have to “buy into” the unknown effects of the stimulative … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Citigroup Rescue Triggers Improvement In Credit Default Swaps
Yesterday’s (Monday) announcement of a $306 billion toxic asset safety net for Citigroup (C) was warmly received in the equity markets and has the potential for helping triggering the first three day rally in stocks since what seems like the Eisenhower administration.
Perhaps even better than the news in the equity markets is the impact that the Citigroup rescue has had in the pricing of credit default swaps (CDS) of financial institutions. Yesterday, for instance, the cost of credit … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Technical Recession Dogs Canada's ETF
You’ll excuse Canada’s exchange traded fund (ETF) for feeling a little glum these days: the finance minister say the country may be in a technical recession.
Since the economy is expected to contract in the current and next quarter, it’s technically a recession, reports Frank McGurty for Reuters. The rapid global deflationary pressure may force the country’s government to take strong action in the form of a fiscal stimulus.
Last week, Canada experienced a big financial selloff in … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - S&P 500 2-Day Moves: Comparing 1929 Vs Today
Each day, I try to make a habit of looking at the price points and the movement of the S&P 500 (^GSPC) over various time intervals. I try to do this in addition to looking at the charts. The percentage moves tend to help you to understand the depth of the market moves, both up and down. I will look at the high prices over a period of time and the low prices over the same periods. This helps me begin to identify possible reversal points. It also gives me confidence in my … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Will Small Retailers Benefit From Latest Government Capital Infusion?
I wrapped up the Week In Review on Sunday morning with the promise of a universal attitude adjustment. “Obama hopes, I hope, we all hope.” Yesterday and today, the global equity markets are enjoying what I called the A-Team rally. This might not be April 15, 1912, and we might not be sailing on the SS Titanic, after all.
I have been pointing to the Retailers ($RLX +10.6%) and the Banks ($BKX +17.7%) as going to be the key to the market, and that the Obama A-Team would lead the … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Markets Keep Under-Reacting To Dividend Cuts
As part of my long term dividend strategy, I tend to buy and hold a portfolio of several dividend growth stocks. If a company keeps increasing their dividends or at least maintains it, I would keep holding the stock. If the company however decided to cut its payment for whatever reason, I lose confidence in the business model and immediately try to sell my position.
Some fellow bloggers do not agree with me on the issue of selling right after a dividend cuts. They believe that the … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Mortgage To Treasury Spread Widens, Prompting Action From The Fed
The above chart shows the Mortgage Rates on the Left axis (red line), the 30 year US treasury bond yield on the left axis (blue line) and the spread between 30 year mortgage and 30 year treasury on the right access (green line). As the chart shows, the 30 year Treasury yield has moved down sharply over the last few weeks to a yield of 3.69%. The yield is down from 4.36% at the end of October, a decline of 67 basis points.
Over the same period, the 30 year mortgage rate has … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - 'Liar's Poker' Author Sees Upside To Market Crash
When Michael Lewis looks back on the Wall Street he wrote about in his 1989 best-seller, Liar’s Poker, the street looks positively quaint. At the time, it was shocking that an investment bank CEO made $3 million a year.
The current crash is different - very different. Michael Lewis says he didn’t appreciate its distinctions until he began doing research four or five months ago. “The size of the problem is massive,” Lewis notes. “Not only did trillions - trillions - of dollars get lent … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Hedge Funds Have Another $200 Billion To Go To Complete Their "De-leveraging"
Hedge funds looking to slash their use of borrowed money may have to unload another $200 billion in assets to reach their objectives, a new study found, though a Money Morning expert believes the exit door could get pretty narrow should the holiday shopping season get off to a rocky start later this week.
Investors yanked $40 billion from the $1.5 trillion hedge fund industry in October, a month in which market losses slashed industry assets by an additional $115 billion, Hedge Fund … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Atlas Pipeline Partners: Trading At Only Two Times Annual Divident
Natural gas transport and processing company Atlas Pipeline Partners (APL) has been hit hard by falling oil prices. Or at least its stock price has. At the time I write this APL stock is trading at 2 times the annual dividend. It is apparent that there is a strong belief that APL will be unable to continue distributions at the current rate. Atlas Pipeline Partners is dependent for a majority of its revenues on the processing and sale of natural gas liquids (NGL’s). NGL’s are used in the … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Who Doesn't Enjoy A Good Spending Spree?
Like good little Keynesians, countries around the world are whipping out their nearly maxed-out credit cards in an effort to boost economic growth. It’s easy to understand why. You can’t expect much of a boost from consumption, housing, business investment, or exports. The only lever left to pull is government spending. And since governments aren’t capable of just getting out of the way and letting excesses correct themselves (as they should), we’re sure to see unprecedented growth in … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Gold And Stocks Rally For Different Reasons
Gold has given up some of yesterday’s (Monday) and the last four days’ gains. Profit taking seems the most likely explanation as the dollar remains largely flat but the weakness in oil may be contributing to gold’s weakness. Continuing unprecedented volatility in markets is leading to further safe haven demand.
Golden gains
Gold touched $829 per troy ounce yesterday, its highest level since October 16th. This means that the yellow metal has gained nearly 13% in 3 consecutive days … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Forex Trading: EUR/USD Moves Above The 1.3000
The EUR/USD has moved above the 1.3000 level on buying off the Feds announcement this morning. The pair is now above the high from yesterday. The high yesterday was 1.2959 in the last hour of trading for the day. The market will be watching this level. Looking at the longer term chart the 38.2% retracement of the move down from the September 2007 highs comes in at 1.3300 level. This is a target level for the current move higher.
The question going forward is will the Feds … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Pre Market - Futures Spike On Federal Reserve News
The pre market futures spike upwards past the recent resistance level on the news of the Government throwing more money into the boilers. It will burn and give some fuel to power the ship for a little distance. But, the time will come soon once again where the steam coming from the boiler will run out and more dollar bills will be needed to keep it going again.
All of the tax payer funds going to rescue bail out these institutions will simply burn and all that will be left is a white … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Global Investing Roundups: Oil Jumps On Fed Action
Existing Home Sales Down 3.1%; Chile’s 3Q GDP Beat Forecast; SunPower Finishes 18-Megawatt Plant; Cnooc Pushing to Develop More Oil Sites; Alpharma Gets Kinged; Xerox On Track; Oil Jumps 9%;
Sales of existing homes fell 3.1% in October, the lowest drop in four years, Reuters reported. Over the past year, medium home prices also declined 11.3% to $183,300, the biggest percentage drop since the National Association of Realtors began keeping records in 1968.
Chile’s gross domestic … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Do You Know Who Holds Your Mortgage?
It may be the Government very soon.
Press ReleaseRelease Date: November 25, 2008
For release at 8:15 a.m. EST
The Federal Reserve announced on Tuesday that it will initiate a program to purchase the direct obligations of housing-related government-sponsored enterprises (GSEs)-Fannie Mae, Freddie Mac, and the Federal Home Loan Banks-and mortgage-backed securities (MBS) backed by Fannie Mae, Freddie Mac, and Ginnie Mae. Spreads of rates on GSE debt and on GSE-guaranteed mortgages … [visit site to read more]Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - India Stock Market: Counter Rally, The Final Trap?
Global markets are rallying, why? Citibank (C) has been saved from immediate bankruptcy - what a ridiculous state of affairs.
Markets are built on good business fundamentals: visibility in revenue streams, visibility in economic outlook, visibility in customer health…VISIBILITY. Saving Citibank will neither bring back corporate earnings nor economic growth for the foreseeable future.
In the middle of this pitch black, dark fog do not rush when there is a glimmer. The edge … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Does Stock Market Rally Have Legs?
Global stock markets rallied for a second consecutive day after the US government agreed to rescue the beleaguered Citigroup and as President-elect Obama introduced his administration’s new economic team. Can the bullish momentum continue? … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - Will There Be A Followup To Yesterday's Rally?
Repeat after me: 6.5% rallies only occur in bear markets….6.5% rallies only occur in bear markets….
Yesterday’s equity love-fest was just the latest iteration in what has become a seemingly endless sequence of bum-clenching drops followed by spine-tingling rallies. Obviously, the net impact has been to drag stock prices lower…but man, what a ride!
Goldman’s (GS) sales desk put out a remarkable stat yesterday that warrants passing on (even if Macro Man is too lazy this … [visit site to read more]
Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать - US Dollar Continues To Slide As Equities Rally
Today’s US Dollar Trading
USD falls on long-liquidation
Stops noted in all pairs
Volumes betterOvernight Preview
Look for follow-through in Asia on firm equities
Should get quiet ahead of US data tomorrowLooking Ahead to Tuesday
All times EASTERN (-5 GMT)8:30am USD Prelim GDP q/q
8:30am USD Prelim GDP Price Index q/q
9:00am USD S&P/CS Composite-20 HPI y/y
10:00am USD CB Consumer Confidence
10:00am USD HPI m/m
10:00am USD Richmond … [visit site to read more]Article Published On DailyMarkets.com - visit Daily Markets - Financial News & Opinions for more great content. Переслать
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