DailyMarkets.com - The U.S. Mortgage Industry Is About To Become Completely And Totally Paralyzed By This Foreclosure Fraud Crisis

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• The U.S. Mortgage Industry Is About To Become Completely And Totally Paralyzed By This Foreclosure Fraud Crisis
• Forex Trading: EUR/CHF Testing Daily Resistance
• Wall Street’s Chickens Are Coming Home To Roost
• Crude Oil Falls On Equity Profit Taking, Gold Surges On Huge Increase In ETF Holdings
• Bear Of The Day: FTI Consulting (FCN)
• Growth & Income Stock: Accenture Plc
• Bull Of The Day: Align Technologies (ALGN)
• Aggressive Growth Stock: Trina Solar
• Momentum Stock: Union Pacific Corp.
• Global Currency Meltdown
• The Double Standard For St. Target Vs. Pariah Wal-Mart, The Retailer That People Love To Hate
• Increased Demand Could Boost Coal ETFs
• A Little Night Sarcasm
• Singapore Stock Market Update For Friday 15 October
• Forex Trading: EUR/GBP On The Last Day Of Week
• AdvisorShares Files For Two Actively-Managed Income ETFs
• Stock Picks For Friday: Denison Mines, Frontier Communications, MBIA
• Gold Advances To A New Record High Ahead Of Brenanke While Oil Steadies
• Sweet Dreams!

The U.S. Mortgage Industry Is About To Become Completely And Totally Paralyzed By This Foreclosure Fraud Crisis Posted: 15 Oct 2010 03:46 AM PDT This October, millions of Americans are going to watch horror movies and read horror stories because they enjoy being frightened.  Well, if you really want to be scared, you should just check out the real horror story unfolding right before our eyes – the U.S. economic meltdown.  It seems like more bad news for the U.S. economy comes out almost every single day now.  Unfortunately, things are about to get a whole lot worse.  The mainstream media has been treating “Foreclosuregate” as … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EUR/CHF Testing Daily Resistance Posted: 15 Oct 2010 02:14 AM PDT With the session high of 1.3479, EUR/CHF found some daily resistance at 1.3479 which is the 61.8% retracement line on the move from August 10th highs to September 8th lows. If resistance holds, the next significant downside level is the 50.0% line at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Wall Street’s Chickens Are Coming Home To Roost Posted: 15 Oct 2010 01:09 AM PDT Fraud is fraud. No matter how you disguise it or dare I say, securitize it, fraud smells. That stench associated with improperly–and often fraudulently–originated mortgages is growing rapidly and is poised to back up into the Wall Street plumbing. The losses connected with the inevitable outcome of Wall Street banks having to repurchase fraudulently originated mortgages is enormous although hard to quantify. I highlighted this reality two days ago in writing, The Real Issues Behind the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Falls On Equity Profit Taking, Gold Surges On Huge Increase In ETF Holdings Posted: 14 Oct 2010 11:51 PM PDT Commodities – Energy Crude Oil Falls on Equity Profit Taking Crude Oil (WTI) – $82.81 // $0.12 // 0.15% Commentary: A bullish inventory report wasn't enough to buoy crude oil prices on a day in which U.S. equity markets fell notably. Nevertheless, the commodity was able to hold much of recent gains, only declining $0.32, or 0.39%, in the session. The government reported that crude oil inventories decreased by 0.4 million barrels, gasoline inventories decreased by 1.8 million barrels, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: FTI Consulting (FCN) Posted: 14 Oct 2010 11:05 PM PDT FTI Consulting’s (NYSE:FCN) second quarter 2010 earnings were in line with the Zacks Consensus Estimate. The company’s corporate/restructuring segment remains a drag on its growth due to softer trend in bankruptcy work and a slowdown in larger cases. The Technology segment is also struggling due to pricing. Moreover, the company is experiencing a tepid pace of recovery in the mergers & acquisitions markets. Additionally, progress in its other segments such as Economic Consulting, Strategic … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Accenture Plc Posted: 14 Oct 2010 11:05 PM PDT Accenture Plc (NYSE:ACN) has a lot of things going for it lately. It recently delivered a solid quarter and raised earnings guidance going forward. The company also has a rock solid balance sheet and produces tons of excess cash flow, which it has used to return value to shareholders through stock buy backs and dividend increases. Shares have been reaching new all-time highs and valuation remains reasonable. About ACN Accenture is a management consulting, technology services, and outsourcing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: Align Technologies (ALGN) Posted: 14 Oct 2010 11:05 PM PDT Strong performance by Align Technology (NASDAQ:ALGN) during the last quarter was driven by robust growth of the Invisalign system, which led to growth in revenues and case shipments. Although the tough competitive scenario has led to decline in product prices, we believe that the company is well placed to take advantage of the under-penetrated malocclusion market. However, Align has witnessed greater penetration, leading to market share gain in the teenage market, which holds immense … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: Trina Solar Posted: 14 Oct 2010 11:05 PM PDT Trina Solar (NYSE:TSL) is a hot stock in a hot sector. The solar story is back on the front of the minds of investors and traders. However, unlike the attention showered upon the green-energy darlings about a year ago, this time the gains are driven by fundamentals, not speculation. A great example of the improving fundamentals can been seen in Trina’s latest quarterly report that showed overwhelming demand for this Zacks #1 Rank (Strong Buy). Company Description Trina Solar makes photovoltaic … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Union Pacific Corp. Posted: 14 Oct 2010 11:05 PM PDT Union Pacific Corp. (NYSE:UNP) just hit a new all-time high ahead of its Oct 21, Q3 results. With estimates climbing into the number and industry cohort CSX reporting another strong quarter, this Zacks #1 stock offers some nice upward momentum. Company Description Union Pacific Corp., provides railroad shipping services through a network of more than 32,000 miles of rails in North America. The company was founded in 1862 and has a market cap of $43 billion. If UNP’s record Q2 results from late … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Global Currency Meltdown Posted: 14 Oct 2010 10:39 PM PDT As the recession and resultant stimulus packages add to higher unemployment and increasing public-sector deficits, the government is seeking to boost the value of overseas earnings that are accrued by US corporations. To aid in this effort, the Fed is being pressured to erode the value of the US dollar, thereby making foreign sales more lucrative in nominal terms. But this form of stealth protectionism will fail just as surely as more overt trade barriers. Like all commodities, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Double Standard For St. Target Vs. Pariah Wal-Mart, The Retailer That People Love To Hate Posted: 14 Oct 2010 09:48 PM PDT 1. Wal-Mart and Target both employ non-union workers.  2. Until recently, Wal-Mart’s heath benefits for part-time workers were much more generous than Target;  Wal-Mart workers became eligible for health coverage after six months, while Target made workers wait a full two years (with the high turnover in the retail business for part-time workers, that probably allowed Target to avoid covering thousands of its employees).  Target just recently reduced the waiting period for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Increased Demand Could Boost Coal ETFs Posted: 14 Oct 2010 08:17 PM PDT As emerging markets continue to grow at stellar rates and developed markets continue to rebuild their economies, the demand for coal is expected to increase providing positive price support for the Market Vectors Coal ETF (KOL) and the PowerShares Global Coal Portfolio ETF (NASDAQ:PKOL). The primary driver in increased demand for coal is expected to come from global power generation.  Coal is absolutely essential when it comes to the generation of power.  In fact nearly 40% of the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Little Night Sarcasm Posted: 14 Oct 2010 07:38 PM PDT We all know that Wall Street analysts and fast money traders have a better grasp of what is happening with the economy than those idiots with the suits — right? After all, hasn’t the stock market been on a tear? Doesn’t that mean a big recovery is imminent? So, why in heck did the mainstream media allow a group with the “wrong” ideas to pass them on to a wider audience? In other words, why wasn’t the following Reuters report, “CEO Sentiment Souring on Economy, Profits: Survey,” killed before … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Singapore Stock Market Update For Friday 15 October Posted: 14 Oct 2010 07:15 PM PDT Index opened unchanged after US choppy session. We can expect a consolidation for today. But still, market sentiment is bullish despite index closed below 3200. News update : 1) US initial jobless claims rise to 462,000 up 13,000 in latest week. 2) US stocks slip at the open Thursday after report of rising jobless claims. 3) Dow industrials, S&P snap four-session winning steak, pressured by financials. 4) Google reports profit up 32%, topping expectations; shares rise 6% in late … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EUR/GBP On The Last Day Of Week Posted: 14 Oct 2010 07:03 PM PDT The EUR/GBP pair is hovering around the 100hr moving average after its appreciation was defended once again yesterday and with a mild attempt on today's open by the short-term trendline resistance that has developed over the last few trading sessions. With the stochastic oscillator just below 20, the pair could have some more room to the downside before some possible short-term support at the 200hr mavg and 61.8% retracement of this weeks 140 move in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AdvisorShares Files For Two Actively-Managed Income ETFs Posted: 14 Oct 2010 06:33 PM PDT AdvisorShares filed a preliminary prospectus for two new actively-managed ETFs with SEC on Oct 14th. The two actively-managed ETFs will be called the SiM Dynamic Allocation Diversified Income ETF (DINC) and the SiM Dynamic Allocation Growth Income ETF (DGRO), both of which will be sub-advised by Seattle-based investment advisor, Strategic Income Management LLC. With these two new funds in the works, AdvisorShares now has 5 different actively-managed ETFs that it is working on bring to market, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Picks For Friday: Denison Mines, Frontier Communications, MBIA Posted: 14 Oct 2010 06:14 PM PDT ( click to enlarge ) Denison Mines Corp. (DNN) continues its upward trend. Since the beginning of this month, DNN share prices have increased from $1.63 to today's high of $2.05 for 27% gains. Looking at the daily chart, the stock has been trading above both 50 day and 200 day moving average, a very bullish sign. Positive MACD also indicates that the stock is a buy. The stock hit a high of $2.05, which is resistance for Friday's move. There is a lot of upside potential in DNN, so … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold Advances To A New Record High Ahead Of Brenanke While Oil Steadies Posted: 14 Oct 2010 05:16 PM PDT North American Commodity Update Commodities – Energy Curbed Risk Appetite and Resistance to Stimulus Expansion Quiets Oil's Rally Crude Oil (LS Nymex) – $82.69 // -$0.32 // -0.39% The steady buying momentum behind US oil that built up consistently through Wednesday's active trading session wouldn't carry over to the following day. Despite the carry through that bulls were able to sustain through the Asian session (thanks in part to the encouraging performance to equities during that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Sweet Dreams! Posted: 14 Oct 2010 04:51 PM PDT We try to find analogues (i.e. something to compare against) to help understand the condition of the market these days and, based on that comparison glean some idea of what the future might hold. One comparison is with previous mid-term election years and know, because I’ve written about it here often, of the bullish impact those elections have historically had on the stock market for the following 12 months (see my “Mid-term Elections in 2010 and the Stock Market” of January 28, 2010). We … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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