Tuesday, October 19, 2010

DailyMarkets.com - Next Quantitative Easing: Backdoor Bailouts For U.S. Big Banks Without Having To Go Through Congress

DailyMarkets.com - Next Quantitative Easing: Backdoor Bailouts For U.S. Big Banks Without Having To Go Through Congress


Next Quantitative Easing: Backdoor Bailouts For U.S. Big Banks Without Having To Go Through Congress

Posted: 19 Oct 2010 03:46 AM PDT

The U.S. Federal Reserve is getting ready to conduct another gigantic bailout of the big banks, but this time virtually nobody in the mainstream media will use the term “bailout” and the American people are going to get a lot less upset about it.  You see, one lesson that was learned during the last round of bank bailouts was that the American people really, really do not like it when the U.S. Congress votes to give money to the big banks.  So this time, the financial “powers that be” … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Imminent Correction? Gold And Large-Cap Gold Stocks Should Hold Up Better Than Silver And The Juniors

Posted: 19 Oct 2010 02:01 AM PDT

In regards to technical analysis, we usually discuss (in our public commentaries) price patterns, intermarket relationships and sentiment. I can't remember I wrote something about volume. This may be the first. Volume can be interpreted in a number of ways which can make it less reliable in my opinion. However, in today's commentary we want to make an observation based on volume.

The precious metals sector has had a strong run in the past few months. Particularly, the juniors and … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aiding And Abetting Mortgage Fraud

Posted: 19 Oct 2010 01:54 AM PDT

While selected Wall Street banks and their cronies in Washington may want to downplay the depth and impact of the mortgage fraud embedded in our national foreclosure crisis, anyone with a modicum of 'sense on cents' knows that this fiasco has many players with their hands in the till. Our friends at The Center for Public Integrity, recently highlighted the manner in which those in the legal profession have aided and abbeted this enormous fraud. Let's navigate.

The role of lawyers in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Eurozone Current Account Worse Than Expected

Posted: 19 Oct 2010 01:01 AM PDT

The market had a limited reaction to the Eurozone's current account which came in at -7.5B; worse than the forecast of -1.9B and prior showing of … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aussie Dollar Poised To Make Another Run Against The Loonie

Posted: 19 Oct 2010 12:01 AM PDT

Welcome to another week of FX trading! Contrary to my post last October 5, the AUDCAD did not encounter any resistance at its previous high at 0.9200. Instead, it broke right above it to form an ascending triangle pattern. In such pattern, buyers are deemed to be the more aggressive than the sellers. Here, buyers continue to buy the Australian dollar despite the increase in its price while the sellers only sell it at a specific price level. Therefore, a break out to the upside is more … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Oil Shrugs Off Decline In U.S. Industrial Production To Rise, Gold Stages Significant Rebound To Maintain Recent Correlations

Posted: 18 Oct 2010 11:51 PM PDT

Commodities – Energy
Crude Oil Shrugs off Decline in U.S. Industrial Production to Rise
Crude Oil (WTI) – $82.80 // $0.28 // 0.34%
Commentary: Both crude oil and equity markets shrugged off an unexpected decline in U.S. industrial production, instead latching onto bullish momentum and sentiment to register yet another up day. Crude oil added $1.83, or 2.25%, to close at $83.08, while the S&P 500 stock index added $8.52, or 0.72%, to settle at 1184.71.
U.S. industrial production fell 0.2% … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Future Fed QE Move Has USD Traders Cautious

Posted: 18 Oct 2010 11:45 PM PDT

Future Fed QE Move has USD Traders Cautious
With a week relatively light on US data, investor eyes will be squarely zeroed in on Federal Reserve speakers. The Fed could offer clues about a possible plan to stimulate the US economy through a fresh round of asset purchases this week; discussion of which has weighed on the dollar lately.
Economic News
USD – USD Under Pressure following QE Assessment
After falling to a low of $1.3829 yesterday, as a wave of profit-taking that began on Friday … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Growth & Income Stock: Baxter International Inc.

Posted: 18 Oct 2010 11:05 PM PDT

Baxter International (NYSE:BAX) had a rough spring. Days after reporting disappointing first quarter results, the company announced the FDA ordered a recall of one of its major products. Shares plunged.
After reaching a nadir in late June, however, shares have surged over 20% thanks in large part to a solid second quarter earnings report. Several analysts have been revising their estimates higher in the last few weeks, prompting an upgrade to a Zacks #2 Rank (Buy).
About Baxter
Baxter … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bear Of The Day: CRA International (CRAI)

Posted: 18 Oct 2010 11:05 PM PDT

CRA International’s (NASDAQ:CRAI) third quarter earnings were in line with the Zacks Consensus Estimate, although clients cautious on aggregate spending and a decline in organic revenue are expected to limit the company’s growth.
Overall, near-term visibility remains unclear, given the current volatile market trends. Despite showing some improvement, litigation trend remains sluggish.
Going forward, we remain skeptical about the growth prospects of the company. Hence, we downgrade the stock from … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bull Of The Day: TECO Energy (TE)

Posted: 18 Oct 2010 11:05 PM PDT

TECO Energy (NYSE:TE) continues to exhibit stable regulated utility operations, having divested its non-core assets. Strong international coal demand, solid utility cost management and a high dividend yield are other significant attributes.
Furthermore, the company continues to strengthen its balance sheet by repaying debt. However, volatility in fuel prices, uncertainty on regulatory decisions and environmental legislations partially offset the more bullish factors.
Also, we remain cautious … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aggressive Growth Stock: ZAGG, Inc.

Posted: 18 Oct 2010 11:05 PM PDT

ZAGG, Inc. (ZAGG) saw its share price soar after the company raised its outlook for the most recent quarter. The news followed up an earnings surprise in August and both factored into a rush of upward estimate revisions from analysts.
The company is a Zacks #1 Rank (Strong Buy) and, given the growth trajectory, shares are trading at a nice value as well.
Company Description
ZAGG makes protective plastic coverings for consumer electronics. The company’s products are designed for laptops, cell … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Momentum Stock: Columbia Sportswear Co.

Posted: 18 Oct 2010 11:05 PM PDT

Columbia Sportswear Co. (NASDAQ:COLM) recently hit a new multi-year high ahead of its Q2 results set for Oct 21. With an average earnings surprise of 43% over the last four quarters and a strong industry rank, this Zacks #1 rank stock has plenty of upward momentum.
Company Description
Columbia Sportswear Co. sells outdoor apparel, footwear and out door accessories worldwide. The company was founded in 1938 and has a market cap of $1.95 billion.
Although COLM has been trending higher for most of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


U.S. Companies Like General Electric And Boeing Are Hoping To Cash In On India’s Multi-Billion-Dollar Defense Spending

Posted: 18 Oct 2010 10:58 PM PDT

The Boeing Co. (NYSE:BA) is in talks with India for a $5.8 billion military aircraft deal as the country triples its defense budget, leading defense suppliers to compete for a piece of the multibillion-dollar action.

India is negotiating with Boeing over the purchase of 10 C-17 Globemaster III aircraft, which would be the largest defense order from India for Boeing, the second-largest U.S. defense contractor. India’s Finance Minister Pranab Mukherjee said in February the government would … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: USD/JPY Still In Tight Range

Posted: 18 Oct 2010 09:53 PM PDT

USD/JPY is still in a period of consolidation following the move from October 12th high to the low on the 14th. Below you can see that after spiking back to the 80.88 low the pair has been trading between 81.132 support and the 81.484 high. Additional resistance is added to the 81.44 area by the 100 hour moving average. A break out to the topside may see the pair visit the 50.0% retracement line at 81.615, and below we have the 80.88 … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Singapore Stock Market Update For Tuesday 19 October

Posted: 18 Oct 2010 09:29 PM PDT

Index had little change despite strong closing in the overnight DJ. We are expecting consolidation for our market, so be cautious when opening any trades as mentioned yesterday.

News update :

1) Citigroup posts $2.2 billion third-quarter operating profit as credit provisions fall.
2) Industrial production falls in September, making its first drop after six months of gains.
3) US stocks struggle for gains early Monday, as Citigroup boosts the financial sector.
4) Bank of America to restart … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Four ETFs To Play Apple’s $20 Billion Revenue Quarter

Posted: 18 Oct 2010 07:17 PM PDT

Once again, technology giant Apple (NASDAQ:AAPL) crushed upwardly revised guidance for the company's fiscal 4th quarter 2010 reporting an all-time record in quarterly revenues and earnings pushing the PowerShares QQQ (NASDAQ:QQQQ), the iShares Dow Jones US Technology ETF (IYW), the Technology Select Sector SPDR (XLK) and the Vanguard Information Technology ETF (VGT) higher.
Apple boasted quarterly revenues of $20.34 billion and earnings of $4.31 billion, while witnessing earnings per share to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The Day Ahead: US Housing Starts

Posted: 18 Oct 2010 07:00 PM PDT

10/19/10 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Living In A Dream World

Posted: 18 Oct 2010 06:37 PM PDT

Since Wall Street and Washington have been firing up the green-shoot spliffs and living in a dream world ever since the financial crisis began, it’s probably not surprising, as Russia Today reports, that some Americans are following suit and turning to fantasy to escape the US economy”:
For the last two years, the word "economy" in the United States has been synonymous to the notion of horror for millions of Americans throughout the country.
"If I get fired, I am screwed," said … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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