DailyMarkets.com - Foreclosuregate – The Biggest Fraud In The History Of Capital Markets?

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• Foreclosuregate – The Biggest Fraud In The History Of Capital Markets?
• Forex Trading: Euro Recovering
• Forex Trading: Euro Falls
• A Political Rorschach Test
• Forex Trading: Dollar Continues To Slide Amid Disappointing Jobs Data
• Bear Of The Day: COPEL
• Bull Of The Day: The Medicines Co. (MDCO)
• Growth & Income Stock: Pall Corporation
• Momentum Stock: Longtop Financial Technologies Ltd.
• Aggressive Growth Stock: Libbey Inc
• Expect To See Gold Rocket To At Least $1450
• A Fascination With Hunting
• Singapore Stock Market Update For Monday 11 October

Foreclosuregate – The Biggest Fraud In The History Of Capital Markets? Posted: 11 Oct 2010 03:45 AM PDT If you work in the mortgage industry or for a title insurer, you might not want to make any plans for the next six months.  Foreclosuregate is about to explode.  It is being alleged that many prominent mortgage lenders have been using materially flawed paperwork to evict homeowners.  Apparently officials at quite a few of these firms have been signing thousands upon thousands of foreclosure documents without even looking at them.  In addition, it is being alleged that much of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Euro Recovering Posted: 11 Oct 2010 01:47 AM PDT After the previous post, the EUR/USD pair continued lower to a session low of 1.3916. The fall earlier caused by a release that China raised its reserve requirements by 50 basis points for six of its largest banks. Since the news the pair has recovered is is now testing the 61.8% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Euro Falls Posted: 11 Oct 2010 12:35 AM PDT The EUR has been falling continuously for the last 20 minutes. Seen here on the EUR/USD hourly chart, the pair has pushed through the 61.8% level and tested the 50.0%; it appears the downward momentum pay be cooling. A further move brings us to the 38.2% line at 1.39075. It should also be noted that the pair has filled the gap from the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Political Rorschach Test Posted: 11 Oct 2010 12:09 AM PDT I read an interesting article last week in the New York Times entitled Scientists and Soldiers Solve a Bee Mystery. The article detailed how some scientific researchers collaborated with Army researchers to solve the mystery of what was killing off honey bees. It turns out that the combination of a fungus and virus is proving fatal to the honey bee population. Why is the government doing bee research? While the article was interesting, it occurred to me that the story could be viewed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Dollar Continues To Slide Amid Disappointing Jobs Data Posted: 10 Oct 2010 11:40 PM PDT Dollar Continues To Slide Amid Disappointing Jobs Data The U.S. dollar continues to slide on almost all fronts. As a result, during the past week the euro reached a 5-month high against the dollar and the Japanese yen saw a 15-year high vs. the greenback. Dollar-dominated commodities soared as well during the process; gold saw an all-time high of $1,364 an ounce, and crude oil marked a 5-month high of $84.40 a barrel. Can this trend continue this week as well? Economic News USD – Dollar Closes … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: COPEL Posted: 10 Oct 2010 11:05 PM PDT Based on higher productivity and lower cost of capital, ANEEL (Brazilian National Agency for Electric Utilities) proposed a tariff adjustment for Companhia Paranaense de Energia, or COPEL (NYSE:ELP) of 9.74% on average, effective June 2010. This rule is essentially designed to regulate a monopolistic environment. We are concerned about the political influence on COPEL’s affairs. The government of the State of Parana owns 58.6% of the company’s outstanding voting shares, which gives it the power to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: The Medicines Co. (MDCO) Posted: 10 Oct 2010 11:05 PM PDT The Medicines Co. (NASDAQ:MDCO) reported second-quarter EPS of $0.29, well above the Zacks Consensus Estimate and the year-ago EPS. Performance was boosted by higher revenues and lower operating expenses. Revenues increased 5.7%. The company received a major boost in August regarding its Angiomax patent extension case. The US Patent and Trademark Office has extended the principal patent on Angiomax by a year to August 2011, and has been instructed to treat the patent extension application as having … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Pall Corporation Posted: 10 Oct 2010 11:05 PM PDT Pall Corporation (NYSE:PLL) carried its strong momentum into the fourth quarter and beat the Zacks Consensus Estimate by 13%. Analysts have been raising their estimates higher following bullish guidance from management. Pall Corp is the world’s largest maker of filtration, separation, and purification products. It is headquartered in East Hills, New York and has a market cap of $4.9 billion. Strong Momentum Continues Sales in the fourth quarter were up 4.1% year-over-year. Overall orders grew by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Longtop Financial Technologies Ltd. Posted: 10 Oct 2010 11:05 PM PDT Longtop Financial Technologies Ltd. (NYSE:LFT) recently hit a new 6-month high on strong earnings, rising estimates and a bullish growth projection. Our last look at the company’s business came on August 17 when Longtop reported strong Q2 results that handily beat expectations. First-Quarter Results Revenue for the period was up 72% from last year to $49 million. Earnings also came in strong at 27 cents, 12.5% ahead of the Zacks Consensus Estimate. The company now has an average earnings surprise … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: Libbey Inc Posted: 10 Oct 2010 11:05 PM PDT Libbey Inc. (NYSE:LBY) is trading near its 52-week high, yet still shows solid valuations and the growth outlook is fantastic. Company Description Libbey makes glass, metal, ceramic and plastic tableware in the U.S. in addition to Mexico, China, Portugal and the Netherlands. The customers range from retail to foodservice and industrial uses. Estimates Still Surging The Zacks Consensus Estimate for 2010 is up 33 cents, to $1.12 since its original Zacks Rank Buy feature back on Jun 24. Next year’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Expect To See Gold Rocket To At Least $1450 Posted: 10 Oct 2010 11:01 PM PDT Lately I’ve been seeing quite a few analysts calling for a top in gold. I have to say these analysts know nothing about how cycles work because if they did they would realize that far from topping gold is just getting started. Just as a preface let me point out that the fundamental driver of this leg up in gold is the same driver that it’s been for the entire 10 year bull market. Currency debasement, only now every country in the world is getting in on the race to the bottom. That … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Fascination With Hunting Posted: 10 Oct 2010 07:19 PM PDT According to KTVB.com, one industry seems to be holding up rather better than others: “Hunting Sales Soar Amid Recession” IDAHO — Despite the recession, the sales of hunting supplies aren’t just on the rise, they’re skyrocketing. Deer season began for most of Idaho on Sunday. Hunters are again taking to the wilderness of the Gem State to bag the big game, but in fewer numbers. Idaho Fish and Game reports that when compared to this time last year, sales of deer tags are down about 10 percent. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Singapore Stock Market Update For Monday 11 October Posted: 10 Oct 2010 06:29 PM PDT Morning Highlights Singapore shares started slightly higher following gains by their U.S. counterpart in New York on Friday on renewed expectations from the Federal Reserve that more money would be pumped into markets. STI up 11.33 points to open at 3164.67. Biosensor broke high of 1.05 Please note that Japan Stock market is closed for holiday today! Watch Out For Economic News Today China September Property Prices Corporate Announcements Keppel Land’s Alpha Macro Trends Fund … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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