Wednesday, October 13, 2010

DailyMarkets.com - Is America In Decline? 24 Statistics About The US Economy That Are Almost Too Embarrassing To Admit

DailyMarkets.com - Is America In Decline? 24 Statistics About The US Economy That Are Almost Too Embarrassing To Admit


Is America In Decline? 24 Statistics About The US Economy That Are Almost Too Embarrassing To Admit

Posted: 13 Oct 2010 03:45 AM PDT

Does anyone really want to hear that America is in decline?  For decades, most of us have been raised to believe that the United States is “number one” and that anyone who doubts that fact is a “gloom and doomer” that should just pack up and move to “Russia” or “Iraq” or some other country where things are not nearly as good.  But does it do us or future generations any good to ignore the very serious signs of trouble that are erupting all around us?  The truth is that it is about time … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Discover Financial Services – Watch For A Stock Breakout!

Posted: 13 Oct 2010 03:30 AM PDT

Today’s Chart of the Day is Discover Financial Services (NYSE:DFS), which was mentioned here a few days earlier too. It has been consolidating nicely since then and there was a nice increase in volume Tuesday. Watch out for a break of 17.10!

And here is the weekly chart. A cup and two handles … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Everything You Need To Know About Investing In A Private REIT [Alternative Investing]

Posted: 13 Oct 2010 02:47 AM PDT

Real Estate Investment Trusts or REITs as they're often called come in two forms: public and private. Most investors are aware of public REITs as evidenced by the 19.4% year to date (as of Oct 12/10) increase in the iShares S&P TSX Capped REIT Index Fund, that is composed of REITs listed on the TSX. However, we're willing to bet that not too many investors have heard of private REITs.
Private REITs are very similar to public REITs with the main differentiator being that they're … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Eurozone Ind Production (m/m) And UK CB Leading Index

Posted: 13 Oct 2010 02:00 AM PDT

EUR Industrial Production – Survey: 0.7%   Actual: 1.0%   Prior: 0.7%
UK CB Leading Index – Actual: 0.1%   Prior: … [visit site to read more] or compare Best Credit Cards and Best CD Rates


US Stimulus Funds Pumped Into Renewable Energy: So Where Are The Green Jobs?

Posted: 13 Oct 2010 01:01 AM PDT

Even though unemployment claims drop, while job openings rise in September, the U.S. economy still shed 95,000 jobs in September with steep losses in government employment offsetting moderate rise in private sectors, based on the latest Labor Department reports.

The Math of Jobs

It is clear that the current employment trend does not fit into the harsh math of jobs – To make up for the more than 7 million jobs lost in the past two years, the U.S. would need 200,000 net new jobs each … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Will QE Lead To Class Warfare?

Posted: 13 Oct 2010 12:20 AM PDT

Further to my last post about the risks of quantitative easing, I saw a couple of warnings from the IMF that are worrisome. First, they warned that the risks to financial stability remain high. Moreover, they indicated that Basel III won't ward off another financial crisis.

Policy makers appear to be in my-only-tool-is-a-hammer-so-every-problem-is-a-nail mode. The consensus solution of choice are further quantitative easing, competitive devaluation and trade protectionism (mostly directed … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Taseko Mines: Prosperity Approval Will Have Powerful Consequences For Mining Industry

Posted: 13 Oct 2010 12:01 AM PDT

I wrote an article on July 5th, 2010 as Taseko was collapsing after a Federal Review Panel concluded that Prosperity would have significant adverse affects on the environment. As the stock was plummeting from the news I wrote to readers that Taseko (TGB) was reaching a major buy point and an area of support.  Since that article Taseko has rallied more than 75%.

An important point that sellers did not understand in July was that Federal Review Panel did not weigh the economic affects … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Dollar Falls After FOMC Meeting Minutes

Posted: 12 Oct 2010 11:53 PM PDT

Dollar Falls after FOMC Meeting Minutes
The U.S. dollar fell against the EUR on Tuesday after minutes from the U.S. Federal Reserve’s latest meeting confirmed that the U.S. central bank would likely soon inject the markets with cash to support the fledgling economy
Economic News
USD – USD Down Following FOMC Meeting Minutes
The U.S. dollar fell against most of its major currency rivals yesterday on news that policy makers at the last meeting of the Federal Reserve suggested they are closer to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Oil Falls Modestly For A Second Day, Gold Drops But Back To Highs In Overnight Trade

Posted: 12 Oct 2010 11:51 PM PDT

Commodities – Energy
Crude Oil Falls Modestly for a Second Day
Crude Oil (WTI) – $82.15 // $0.48 // 0.59%
Commentary: Crude oil fell $0.54, or 0.66%, or Tuesday, the second loss in as many days. Earlier in the session, equity markets were also lower as they waited for the highly-anticipated September Fed meeting minutes. After the Fed signaled that it may provide more stimulus in the event the economy remained weak, equities rallied to finish up on the day. While crude oil stayed in the red, … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Growth & Income Stock: NextEra Energy Inc

Posted: 12 Oct 2010 11:05 PM PDT

NextEra Energy (NEE) is one of the greenest power companies in the United States. The company also continues to deliver strong earnings and has given positive guidance going forward. Throw in a rock solid dividend and reasonable valuation, and there is a lot to like about this Zacks #2 Rank (Buy) stock.
Solid Quarter
The company reported earnings per share of $1.11, beating the Zacks Consensus Estimate by 5 cents. It was a 12.1% increase over the same quarter in 2009.
Total revenues decreased … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bear Of The Day: Immucor, Inc. (BLUD)

Posted: 12 Oct 2010 11:05 PM PDT

Immucor (NASDAQ:BLUD) began fiscal 2011 on a disappointing note with EPS of $0.30, which met the Zacks Consensus Estimate but remained unchanged from the year-ago quarter.
The company has witnessed lower demand from both reagents and instruments, based on which outlook was lowered. While Immucor earns a major part of its revenues from traditional reagents, the company lost some customers to competition as it was unable to provide the required services.
Although the company is taking corrective … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bull Of The Day: Carnival Corp. (CCL)

Posted: 12 Oct 2010 11:05 PM PDT

Carnival Corporation’s (NYSE:CCL) third quarter 2010 earnings were modestly ahead of the Zacks Consensus Estimate. The company is the largest and historically the most profitable cruise operator in the world.
A strong booking and pricing trend and successful cost-containment efforts are paying off, and thus the fiscal 2010 outlook has been raised by the company. We believe that a strong balance sheet and solid cash generation should position Carnival well and promise above-average long-term growth … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aggressive Growth Stock: Ennis Inc.

Posted: 12 Oct 2010 11:05 PM PDT

Ennis, Inc. (NYSE:EBF) has everything going for it. The company recently reported its sixth consecutive earnings surprise, showing fantastic growth. Additionally, Ennis is acquiring new assets and estimates are rising, creating great growth rates as well as valuations.
While Ennis may not operate in the sexiest industry, there is plenty of growth potential here.
Company Description
Ennis makes business forms, uniforms and apparel and other related products. The company has locations all over and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Momentum Stock: Perrigo Co.

Posted: 12 Oct 2010 11:05 PM PDT

Perrigo Co. (NASDAQ:PRGO) recently hit a new all-time high at $67.49 after posting an average earnings surprise of 16% over the last four quarters. With a strong industry rank and rising estimates, this Zacks #1 rank stock looks like a solid momentum pick.
Company Description
Perrigo Company develops and manufactures OTC and prescription drugs, nutritional products and medical devices worldwide. The company was founded in 1887 and has a market cap of $7 billion.
Our last look at Perrigo’s business … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Fed’s Bizarre Tactics Target Weaker US Dollar

Posted: 12 Oct 2010 10:01 PM PDT

Is the Federal Reserve (Fed) experiencing a midlife crisis? Ever since Fed Chairman Bernanke gave a speech in Jackson Hole, Fed behavior can be summarized as, well, bizarre. According to Bernanke, the market's inflation expectations may be too low. He considers three possible remedies:

Conducting additional purchases of longer-term securities (quantitative easing);
Modifying the Committee’s communication;
Reducing the interest paid on excess reserves.

Here's the problem with … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: EUR/USD Close To A Full Retracement From Sunday’s Open

Posted: 12 Oct 2010 09:46 PM PDT

After Sunday's gap opening, the EUR/USD trading continually lower all to the way down to 1.3775 yesterday after some poor economic data releases and comments from Europe and other G-20 members concerning the value of the USD. From an hourly perspective, we can see that the pair found some support from the 100 hour moving average but has continued higher. Also seen is some possible support at 1.39571 where the pair recieved some resistance at the end of last week. If momentum continues we … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Companies Are Leaving CA By The Hundreds

Posted: 12 Oct 2010 09:02 PM PDT

Relocation expert Joseph Vranich has been keeping track of how many companies are leaving California for more business-friendly states, and the latest tally appears in the graph above above.  For all of 2009, 51 business left California, and just so far this year the number of businesses moving out of California has more than tripled to 158, with several months to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Professors Riding Amtrak’s High-speed Acela Train

Posted: 12 Oct 2010 08:18 PM PDT

John Edgar Wideman, professor of Africana studies and literary arts at Brown University, rides Amtrak's high-speed Acela train from New York City to Providence, R.I. and writes in the NY Times that he generally finds Acela passengers to be subtly racist because they will only sit next to him as a last resort:

“I'm a man of color, one of the few on the train and often the only one in the quiet car, and I've concluded that color explains a lot about my experience. Unless the car is nearly … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Three REIT ETFs That Are Shining

Posted: 12 Oct 2010 08:17 PM PDT

As the residential real estate market continues to remain volatile and highly dependent on the strength of the labor force, some signs of prosperity have emerged in real estate investment trusts [[REITs]] enabling the iShares Dow Jones US Real Estate (IYR), the iShares Cohen & Steers Realty Major (ICF) and the Vanguard REIT ETF (VNQ) to perform relatively well this year. 
One reason these ETFs have been trending upward is because they offer an opportunity to debt that traditional … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Three ETFs To Play Nuclear Energy

Posted: 12 Oct 2010 08:17 PM PDT

As the world's energy needs amplify, volatility in oil and gas continue to prevail and rising concerns over global warming loom on the political forefront, there are numerous reasons to keep an eye on nuclear energy.
According to the Nuclear Energy Agency (NEA), global demand for electricity is expected to rise by 2.5 times over the next 40 years and is suggests that nuclear energy should be the answer to this uptick in demand.  In fact, the NEA has forecasted the number of nuclear … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Gold – FOREX Correlations : 10-13-2010

Posted: 12 Oct 2010 07:36 PM PDT

Gold has been receiving an increasing amount of attention recently as the metal soars to new record levels. But you don't have to trade gold to benefit from the metal's recent volatility. In fact, many of the popular currency pairs have been moving in tandem with gold, offering forex traders an opportunity to piggyback on the uptrend or bet against it, with the added benefit of trading within the world's deepest and most liquid market.
The following table includes the correlation between … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Tennessee Is State #12 To Report Sept. Tax Gain

Posted: 12 Oct 2010 07:28 PM PDT

“Tennessee sales tax revenue continued to grow in September, with collections coming in $41 million more than the budgeted estimate.  Tennessee Finance Commissioner Dave Goetz said Tuesday that overall September revenues were $977.5 million, or 6.1 percent, above September 2009 collections.

The general fund was over collected by $28.5 million and the four other funds were over collected by $12.5 million. Goetz said the recent growth in the sales tax and corporate tax categories is … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Singapore Stock Market Update For Wednesday 13 October

Posted: 12 Oct 2010 06:53 PM PDT

Index opened up 10.96 points at 3160.32 before advancing upwards. 3100 is seen as strong support so far. We shall wait for a clean and decisive breakout at 3200.

News update :

1) Pfizer to acquire King Pharmaceuticals for $3.6 billion cash, at a premium of about 40%.
2) US stocks start off in the red Tuesday ; energy sector shoes weakness.
3) Obama administration lifts ban on deepwater drilling in Gulf of Mexico.
4) Another round of quantitative easing may “soon” be appropriate : Fed … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Picks For Wednesday: Intel, THQ, Atmel, China Technology Development Group

Posted: 12 Oct 2010 06:06 PM PDT

( click to enlarge )
I mentioned THQ Inc. (NASDAQ:THQI) before as a stock I was watching for an entry on. Today, the stock broke through its short term resistance level of $4.23 and looks ready to go higher. The stock was able to close positive in a weak market environment for the gaming sector, which is another reason to continue watching. The technical chart shows the stock is rising as %K line is on top over %D line showing buy signal. OBV is beginning to turn around which suggests the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


I Suppose That’s Asking A Lot

Posted: 12 Oct 2010 05:32 PM PDT

Since I first started publishing Financial Armageddon in December 2006, I’ve probably written at least a dozen posts highlighting the ludicrously unfounded assertions by “experts” such as Federal Reserve Chairman Ben Berrnanke that the financial crisis that began in the spring of 2007 would remain “contained.”
By this point, I would have thought that the fear of further embarrassment, a chastened sense of self importance, and the pain of getting things so wrong would have acted as a bar … [visit site to read more] or compare Best Credit Cards and Best CD Rates


No comments:

Post a Comment