Daily Markets - John Mauldin On Drink, Fish And The Economy

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• John Mauldin On Drink, Fish And The Economy
• Technical Talk: End Of Summer Rally?
• Nouriel Roubini: Not All Doom And Gloom
• Crude Oil To Rebound With Risky Assets, Gold Consolidation To Continue
• It’s Worse Than I Thought … They’re Laying Off Economists!
• Forex Trading: Eurozone June Industrial Production Weaker Than Expected
• Forex Trading: Eur/Usd Weaker After BoJ Commentary
• What Happens When You ARE The Market?
• Quantitative Easing Now The Name Of The Game
• Forex Trading: Euro’s Retracement Stalls Out
• EUR/USD Falling More Than 400 Pips In Less Than A Week
• Bear Of The Day: StanCorp Financial Group (SFG)
• Bull Of The Day: Wynn Resorts, Ltd. (WYNN)
• Momentum Stock: 51job Inc.
• Growth & Income Stock: Nalco
• Aggressive Growth Stock: CAI International
• Forex Trading: The Safe Heaven Dollar, Yen Rally As Investors Seek Safety
• Next Support Levels For S&P 500 And Nasdaq
• Daily ETF Outlook: Brace For Impact
• U.S. Stock Market: Is The Bear Back?
• The Beginning Of A New Downward Trend In U.S. Stock Market?
• 12 Ways To Play Gold With ETFs
• U.S. Total International Trade (Exports + Imports) Reaches 20-Month High Of $350 Billion In June
• Singapore Stock Market Update For Thursday 12 August

John Mauldin On Drink, Fish And The Economy Posted: 12 Aug 2010 03:01 AM PDT John Mauldin, author of the weekly e-mail newsletter Thoughts From The Frontline, last weekend attended "Camp Kotok", an annual gathering of a few dozen economists and gurus in the wilds of Maine to drink, fish, and argue about the economy. In an interview with Yahoo Finance – Tech Ticker, he summarised the prevailing consensus about the economy as follows: •  Most are worried about deflation, at least in the short run. In the long run, the concern is inflation. •  Most … [visit site to read more]

Technical Talk: End Of Summer Rally? Posted: 12 Aug 2010 02:59 AM PDT "As seen in the chart below for the SP 500 Index futures, the Index has cut through its valid up-trend line. That said, we believe the summer rally is likely to have run its course and the bias or path of least resistance for now will likely be down. The next downside support for SP 500 is 1081, then 1050," commented technical analyst Kevin Lane of Fusion IQ. Conveying essentially the same message, Adam Hewison (INO.com) provided a video analysis of the S&P 500's outlook (recorded on … [visit site to read more]

Nouriel Roubini: Not All Doom And Gloom Posted: 12 Aug 2010 02:56 AM PDT In this interview, the Economist sits down with Nouriel Roubini of Roubini Global Economics to discuss America's banking reforms, the risk of deflation in advanced economies and China's … [visit site to read more]

Crude Oil To Rebound With Risky Assets, Gold Consolidation To Continue Posted: 12 Aug 2010 02:51 AM PDT Commodities – Energy Crude Oil to Bounce as Risky Assets Pare Losses Crude Oil (WTI) - $77.28 // -$0.74 // -0.95% Commentary:Crude is increasingly tracking overall risk sentiment with the correlation between prices for the WTI contract and the MSCI World Stock Index now at 0.74, the highest in nearly three weeks, on 20-day percent change studies. This hints that a rebound may be ahead in the near term with US equity index futures now in essentially flat having recovered from deep losses (0.8 … [visit site to read more]

It’s Worse Than I Thought … They’re Laying Off Economists! Posted: 12 Aug 2010 02:47 AM PDT … [visit site to read more]

Forex Trading: Eurozone June Industrial Production Weaker Than Expected Posted: 12 Aug 2010 02:05 AM PDT Eurozone June Industrial Production -0.1%, weaker than the 0.7% expected. Eur/Usd is off another 20 points to 1.2840, not far from the 1.2829 short term target cited in earlier … [visit site to read more]

Forex Trading: Eur/Usd Weaker After BoJ Commentary Posted: 12 Aug 2010 01:55 AM PDT Eur/Usd threatened to trade above the 1.2920 resistance line we provided in an ealier post and failed to gain a foothold above. The pair is off 60 points since the BoJ did not cite intervention during its press conference and now has 1.2829 in its … [visit site to read more]

What Happens When You ARE The Market? Posted: 12 Aug 2010 12:14 AM PDT I see that the folks at US Commodity Funds, who brought us the tremendously popular ETFs USO and UNG, is launching an ETF that is designed to combat the return eroding contangoes observed in many commodity futures. The new fund is called the United States Commodity Index Fund and will track the SummerHaven Dynamic Commodity Index. The Index will re-balance monthly and hold 14 out of a possible universe of 27 commodity contracts on an equal-weighted basis. The selection will be strictly … [visit site to read more]

Quantitative Easing Now The Name Of The Game Posted: 12 Aug 2010 12:01 AM PDT The Federal Open Market Committee (FOMC) has decided to reinvest the proceeds from maturing securities acquired through its $1.25 trillion mortgage-backed security (MBS) purchase program. The proceeds won’t be invested in short-term, but in long-term Treasuries. Federal Reserve (Fed) Chairman Bernanke has long argued that the MBS program constituted credit easing, not quantitative easing. Credit easing, the argument goes, ought to support the functioning and liquidity in the housing … [visit site to read more]

Forex Trading: Euro’s Retracement Stalls Out Posted: 11 Aug 2010 11:50 PM PDT Eur/Usd has been slowly rebounding from its earlier low of 1.2829.  The pair seems to have run into some resistance at 1.2920. If Eur/Usd can break above this level look for a move to 1.2981 which is the 38.2% fibo retracement of move down from 1.3227. If remains below then a retest of 1.2829 is … [visit site to read more]

EUR/USD Falling More Than 400 Pips In Less Than A Week Posted: 11 Aug 2010 11:07 PM PDT What’s up forex peeps?! Welcome to another day of forex trading! We have the EURUSD in today’s fx pick. As you can see from its 4-hour chart, the EURUSD or the fiber came crashing in yesterday’s trading. After reaching a new 3-month high just above 1.3300, the euro slid, breaking the pair’s uptrend line in the process. In less than a week, the fell by more than 400 pips against the greenback! Ouch! At present, the pair is trading just below 1.2900 and since the next obvious support … [visit site to read more]

Bear Of The Day: StanCorp Financial Group (SFG) Posted: 11 Aug 2010 11:05 PM PDT We are downgrading StanCorp Financial (NYSE:SFG) to Underperform from Neutral as we suspect organic growth will remain restricted in the near term, given the sluggish economic environment and challenging labor market conditions. Additionally, delinquencies on commercial mortgage loans are expected to remain modestly high in the foreseeable future. Shares of StanCorp currently trade at 8.5x our earnings estimate for 2010, a 30% discount to the industry average of 12.2x. On a price-to-book basis, … [visit site to read more]

Bull Of The Day: Wynn Resorts, Ltd. (WYNN) Posted: 11 Aug 2010 11:05 PM PDT We have an Outperform rating on Wynn Resorts (NASDAQ:WYNN) as the company’s second quarter 2010 earnings were well ahead of the Zacks Consensus Estimate. They were primarily driven by better-than-expected top-line growth and improvements in the bottom line. The company set record results in the Macau market. Additionally, with the global economy showing a gradual recovery, the company is experiencing an increase in demand. Its Las Vegas business, which was the worst hit at the time of slowdown, is … [visit site to read more]

Momentum Stock: 51job Inc. Posted: 11 Aug 2010 11:05 PM PDT 51job Inc. (NASDAQ:JOBS) recently hit a new multi-year high after reporting solid Q2 results on Aug 5 that contained 36% sales growth from last year. Estimates have since jumped higher for this Zacks #1 rank stock, with the next-year estimate now projecting 32% growth. Company Description 51job, Inc. provides integrated human resources services such as staffing and financial planning in China. The company was founded in 1998 and has a market cap of $720 million. China has been one of the few bright … [visit site to read more]

Growth & Income Stock: Nalco Posted: 11 Aug 2010 11:05 PM PDT Nalco Holding Company (NYSE:NLC) helps its customers reduce energy, water and other natural resource consumption, enhance air quality, minimize environmental releases, and improve productivity, while boosting the bottom line. Business Nalco is the world’s leading water treatment and process improvement company, delivering significant environmental, social and economic performance benefits to its customers. Growth and Income The company is expected to grow its earnings per share 82.5% in 2010, … [visit site to read more]

Aggressive Growth Stock: CAI International Posted: 11 Aug 2010 11:05 PM PDT CAI International (NYSE:CAP) is doubling its investment for this year to meet growing demand. Additionally, the company recently posted its sixth earnings surprise in the past 7 quarters. Company Description CAI International manages and leases intermodal freight containers on a global scale. These types of containers are used to move cargo via ship, rail or truck. Net Income Up 63% On Aug 3 reported quarterly results that showed container rental revenue up more than 13% sequentially. Average … [visit site to read more]

Forex Trading: The Safe Heaven Dollar, Yen Rally As Investors Seek Safety Posted: 11 Aug 2010 10:50 PM PDT The Safe Heaven Dollar, Yen Rally as Investors seek Safety Fears about global growth prospects fueled strong gains by the USD and JPY against most of their counterparts as investors turned to safe haven currencies following a stream of negative economic data from the U.S, China and the U.K. Economic News USD - USD Rallies on Negative Global Growth Prospects The U.S Dollar rallied versus all counterparts except the Japanese yen on Wednesday as equities declined and investors turned to the safe … [visit site to read more]

Next Support Levels For S&P 500 And Nasdaq Posted: 11 Aug 2010 10:43 PM PDT Well, I had told you readers that I would be back on Thursday but surely you don’t expect me to leave you readers by yourself on a day like today, do you?? I hope all of you our there did not get hurt much out there today. Let’s get straight to business and see where the next support levels are. As always, the S&P first. It broke down through some important levels today and closed right above MA(50), something which the bulls could derive some comfort from. But wait a … [visit site to read more]

Daily ETF Outlook: Brace For Impact Posted: 11 Aug 2010 10:38 PM PDT Instratrader Indicators: Red Flag: We Expect Lower Prices Ahead Daily Technical Sentiment Indicators: Pessimistic (bullish short term) Short Term Market Condition:  Oversold (short term bullish) Short Term Trend: Down Medium Term Trend: Down Long Term Trend: Down Commentary: I’m traveling in China for about 10 days and so won’t be able to do the daily ETF update but will update on days when significant market action occurs. We’ve been saying for sometime that we … [visit site to read more]

U.S. Stock Market: Is The Bear Back? Posted: 11 Aug 2010 10:07 PM PDT I’m getting flooded with emails wanting to know if I think the bear is back. Let me repeat again my three requirements. 1. Stocks have to move below a yearly cycle low. They did that in July. So this one is a check mark for the bears. 2. The 50 DMA must cross below the 200 DMA and the 200 has to turn down. We have half of that condition met. The 50 has crossed below the 200. Half a check mark for the bears. 3. We must get a Dow Theory sell signal. In order for that to happen … [visit site to read more]

The Beginning Of A New Downward Trend In U.S. Stock Market? Posted: 11 Aug 2010 10:04 PM PDT The trade deficit widened unexpectedly this month after the dollar reached extremely oversold levels, which was quite surprising to Wall Street.  Usually, a weaker dollar should lead to an increase of exports of U.S. goods; however, the exact opposite occurred.  This further signifies the global economic slow down despite record government stimulus, a devalued dollar and artificially induced low interest rates.  The market and the employment situation are no better off now than they … [visit site to read more]

12 Ways To Play Gold With ETFs Posted: 11 Aug 2010 09:17 PM PDT As fear continues to loom in investor's eyes and the Federal Reserve expected to maintain its short-term nominal interest rate target near or at zero, the appeal for gold is expected to continue to soar. Gold has appeal for numerous reasons and will likely continue to be the "go-to" precious metal.  The shiny metal offers protection from inflation, which is a fear that many investors have, a hedge against a falling dollar and has long been a safe haven for Central Banks.   … [visit site to read more]

U.S. Total International Trade (Exports + Imports) Reaches 20-Month High Of $350 Billion In June Posted: 11 Aug 2010 07:57 PM PDT Every month the BEA releases its closely-watched report on "U.S. International Trade in Goods and Services," here's a link to today's release. In June there was $150.5 billion of international selling activity (U.S. firms selling their output to other countries, or exports) and $200.3 billion of international buying activity (U.S. firms and consumers purchasing imports from other countries, or imports). Then what the BEA does next (and this is what gets reported widely by the media) is … [visit site to read more]

Singapore Stock Market Update For Thursday 12 August Posted: 11 Aug 2010 06:41 PM PDT Morning Highlights Singapore Stocks continued to weaken, with STI down 18.55 points to open at 2930.71 as investors remained worried about the slow economic recovery in the US. Heavy losses in the US overnight triggered a global sell-off in other Asia Markets, especially Tokyo-listed stocks which were sharply lowered and disappointing earnings hammered the Australian market. City Development Q2 net profit rises 17.6% We expected market to be choppy, hence we advise to stay on the … [visit site to read more]

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