DailyMarkets.com - 3 Charts Showing That America Is In The Biggest Debt Bubble In World’s History

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• 3 Charts Showing That America Is In The Biggest Debt Bubble In World’s History
• Texas Roadhouse Beats
• Forex – Dollar Broadly Lower As Easing Concerns Weigh Ahead Of FOMC
• U.K. Construction PMI Falls More-than-expected
• Forex – AUD/USD Surges To Parity After Surprise RBA Rate Hike
• Euro Zone Manufacturing PMI Rises Unexpectedly
• Forex Trading: Eurozone Final Manufacturing PMI
• Forex – USD/JPY Eases Up After Japan Reiterates Warning
• Asia Stocks Ease Up Ahead Of FOMC Meeting; Nikkei Up 0.06%
• Forex – GBP/USD Edges Higher Ahead Of U.K. Construction Data
• In-Line Quarter For Allergan
• Forex – EUR/USD Advances After Surprise RBA Rate Hike
• China Increases Domestic Consumption As Manufacturing Drives Growth
• Australian Dollar Eyes Parity Versus The US Dollar Ahead Of The RBA Interest Rate Decision
• Crude Oil Seesaws Higher But Remains Trapped In Congestion, Gold Drops As Range Tightens Ahead Of Fed
• Forex – AUD/USD Up On Economic Data
• Bull Of The Day: WESCO International (WCC)
• Bear Of The Day: Monsanto Company (MON)
• Growth & Income Stock: Ross Stores, Inc.
• Momentum Stock: Under Armour, Inc.
• Aggressive Growth Stock: Vitamin Shoppe, Inc
• Stock Chart Of The Day: North American Palladium
• Forex – EUR/USD Up During The Asian Session
• U.S. Stock Market Action: Much Ado About Nothing
• Forex – AUD/USD Up During The Asian Session
• Australia Cash Rate Rises Unexpectedly
• From Quantitative Easing To Stagflation: How Best To Invest?
• Coinstar Continues To Cash In On Its Redbox Brand
• Forex – EUR/JPY Up During The Asian Session
• Forex – USD/JPY Up During The Asian Session
• Singapore Stock Market Update For Tuesday 02 November

3 Charts Showing That America Is In The Biggest Debt Bubble In World’s History Posted: 02 Nov 2010 03:30 AM PDT Do you want to see something truly frightening?  Just check out the 3 charts posted further down in this article.  These charts prove that we are now in the biggest debt bubble in the history of the world.  As Americans have enjoyed an incredibly wonderful standard of living over the past three decades, most of them have believed that it was because we are the wealthiest, most prosperous nation on the planet with economic and financial systems that are second to none.  But that is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Texas Roadhouse Beats Posted: 02 Nov 2010 03:06 AM PDT This article has been unpublished. Walter, need new … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Lower As Easing Concerns Weigh Ahead Of FOMC Posted: 02 Nov 2010 02:54 AM PDT Forex Pros – The U.S. dollar was broadly lower against the other major currencies on Tuesday, amid uncertainty over the scale and potential impact of fresh monetary easing by the Federal Reserve. During European morning trade, the greenback was down against the euro, with EUR/USD advancing 0.61% to hit 1.3979. The greenback was also down against the Swiss franc with USD/CHF shedding 0.65% to hit 0.9852. But the greenback was up against the pound, with GBP/USD shedding 0.10% to hit 1.6018. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.K. Construction PMI Falls More-than-expected Posted: 02 Nov 2010 02:39 AM PDT Forex Pros – Britain’s construction sector slowed more-than-expected in October, expanding at its weakest pace in eight months, industry data showed on Tuesday. In a report, market research firm Markit said their construction purchasing managers’ index fell to a seasonally adjusted 51.6 in October, after rising to 53.8 in September. Economists had expected the index to decline to 53.0 in October. On the index, a level above 50.0 indicates industry expansion, below indicates … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Surges To Parity After Surprise RBA Rate Hike Posted: 02 Nov 2010 02:38 AM PDT Forex Pros – The Australian dollar was up against its U.S. counterpart on Tuesday, reaching parity for the second time in three weeks, after Australia's central bank unexpectedly increased its benchmark interest rate. AUD/USD hit 1.0012 during European morning trade, the all time high; the pair subsequently consolidated at 1.0004, jumping 1.35%. The pair was likely to find support at 0.9813, Monday's low and resistance at 1.0012. Earlier in the day, the Reserve Bank of Australia … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Zone Manufacturing PMI Rises Unexpectedly Posted: 02 Nov 2010 02:10 AM PDT Forex Pros – Manufacturing activity in the euro zone increased unexpectedly in October, rising for the first time in three months, data showed on Tuesday. In a report, market research group Markit said that its manufacturing purchasing managers' index rose to a seasonally adjusted 54.6 in October, up from 54.1 in September. Analysts had expected the index to remain unchanged at 54.1 in October. On the index, a reading above 50.0 indicates industry expansion, below indicates … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Eurozone Final Manufacturing PMI Posted: 02 Nov 2010 02:08 AM PDT Eurozone Final Manufacturing PMI was revised stronger by 0.5 to 54.6. Eur/Usd has made new highs on the heels of news, currently trading at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Eases Up After Japan Reiterates Warning Posted: 02 Nov 2010 02:06 AM PDT Forex Pros – The U.S. dollar was up against the yen on Tuesday, easing to a daily high after Japan's finance minister reiterated his warning about sharp moves in the currency market. USD/JPY hit 80.75 during early European trade, the daily high; the pair subsequently consolidated at 80.64, gaining 0.15%. The pair was likely to find support at 79.75 the low of April 19, 1995 and the all-time low and resistance at 81.06, last Friday's high. Earlier in the day, Japanese Finance Minister … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Stocks Ease Up Ahead Of FOMC Meeting; Nikkei Up 0.06% Posted: 02 Nov 2010 01:15 AM PDT Forex Pros – Asian stocks eased up on Tuesday, after Australia's central bank unexpectedly raised its interest rate and ahead of the much-anticipated meeting of the Federal Reserve's Open Market Committee. During late Asian trade, Hong Kong’s Hang Seng Index gained 0.20%, South Korea’s Kospi Composite added 0.17%, while Japan's Nikkei 225 Index eased up 0.06%. Earlier in the day, the Reserve Bank of Australia unexpectedly raised its interest rate to 4.75%, up from 4.50%. It was the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Edges Higher Ahead Of U.K. Construction Data Posted: 02 Nov 2010 01:02 AM PDT Forex Pros – The pound was up against the U.S. dollar on Tuesday, advancing to a daily high ahead of the release of closely watched U.K. construction data. GBP/USD hit 1.6075 during late Asian trade, the daily high; the pair subsequently consolidated at 1.6053, gaining 0.11% Cable was likely to find support at 1.5876, last Friday's low and resistance at 1.6106, the high of October 15. On Monday, data showed that the U.K. manufacturing PMI unexpectedly rose to 54.9 in October, its highest … [visit site to read more] or compare Best Credit Cards and Best CD Rates

In-Line Quarter For Allergan Posted: 02 Nov 2010 12:35 AM PDT Allergan, Inc. (NYSE:AGN) reported third quarter earnings of 78 cents per share, in-line with the Zacks Consensus Estimate and a penny above the higher end of the guidance issued by the company. While earnings increased 11.4% from the year-ago quarter, revenues increased 5.9% to $1,208.2 million. Revenues easily surpassed the Zacks Consensus Estimate of $1,183 million. Allergan also declared a third quarter dividend of 5 cents per share. Sales by Products Specialty pharmaceuticals sales increased … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Advances After Surprise RBA Rate Hike Posted: 02 Nov 2010 12:35 AM PDT Forex Pros – The euro was up against the U.S. dollar on Tuesday, climbing to a fresh daily high after Australia's central bank unexpectedly raised its benchmark interest rate EUR/USD hit 1.3946 during late Asian trade, a daily high; the pair subsequently consolidated at 1.3927, gaining 0.24%. The pair was likely to find support at 1.3763, last Thursday's low and resistance at 1.4079, the high of October 25. Overnight, the Reserve Bank of Australia increased its official cash rate amid … [visit site to read more] or compare Best Credit Cards and Best CD Rates

China Increases Domestic Consumption As Manufacturing Drives Growth Posted: 02 Nov 2010 12:01 AM PDT China’s economy continues to rocket ahead, showing evidence of new strength in manufacturing and domestic consumption and easing fears that slower growth there could hamper the global recovery. Manufacturing in China surged at the fastest pace in six months in October after contracting briefly earlier this year and raising fears the engine of the global recovery was faltering. China’s official Purchasing Managers Index (PMI) increased to 54.7 in October from 53.8 a month earlier, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar Eyes Parity Versus The US Dollar Ahead Of The RBA Interest Rate Decision Posted: 01 Nov 2010 11:51 PM PDT The Australian Dollar is holding near 0.99 versus the U.S. Dollar ahead of the Reserve Bank of Australia's monetary policy decision. The market expectation is for no change in interest rates, which would mark the sixth straight meeting in which rates were left unchanged at 4.5 percent. To put these expectations in numbers, overnight index swaps are implying only a 28% chance of a hike by the RBA, or equivalently, a 72% chance of no hike. But these expectations are quite fickle, for only a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Seesaws Higher But Remains Trapped In Congestion, Gold Drops As Range Tightens Ahead Of Fed Posted: 01 Nov 2010 11:51 PM PDT Commodities – Energy Crude Oil Seesaws Higher but Remains Trapped in Congestion Crude Oil (WTI) – $83.39 // $0.44 // 0.53% Commentary: Monday was a nice up day for crude oil, with the commodity rising $1.52, or 1.87%, despite fairly flat performance from U.S. equity markets. That being said, both crude and equity markets are in tight congestion bands, with neither making any substantial progress one way or another over the last few weeks. Two things are happening: prices are consolidating … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up On Economic Data Posted: 01 Nov 2010 11:30 PM PDT Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Tuesday after the release of Australian data on Interest Rate Decision. AUD/USD was trading at 0.9990, up 1.21% at time of writing. The pair was likely to find support at 0.9680, Friday's low, and resistance at 0.9992, today's high. Earlier in the day, official data showed that Australia's cash rate rose unexpectedly to 4.75% last month. Analysts had expected the cash rate to remain unchanged at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: WESCO International (WCC) Posted: 01 Nov 2010 11:05 PM PDT WESCO International (NYSE:WCC) is one of the largest distributors of electrical products in the U.S. The company’s third quarter results beat the Zacks consensus. WESCO’s strong market position, the turnaround in the industrial and utility markets, gradual recovery in the construction market, the global account model, restructuring benefits and the LEAN initiative are positive factors. WESCO’s results bear a positive correlation to GDP growth and current operating margins lag the company’s target … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Monsanto Company (MON) Posted: 01 Nov 2010 11:05 PM PDT We reiterate our Underperform recommendation on Monsanto Company (NYSE:MON) based on low visibility on the yield performance of SmartStax seed in the coming years. Based on concerns regarding the performance of SmartStax seed, estimates have gone down by 6 cents and 14 cents for fiscal 2011 and 2012, respectively. Monsanto continued to post weak results for fiscal 2010 with an EPS of $2.41, almost half its $4.41 in fiscal 2009 due to the decrease in the prices of Roundup herbicides. The increase … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Ross Stores, Inc. Posted: 01 Nov 2010 11:05 PM PDT Ross Stores, Inc. (NASDAQ:ROST) is an unusual breed. In 2009, when many retailers saw double-digit sales and earnings declines, the company was thriving. In 2010, as the economy is beginning to recover – albeit slowly – Ross Stores continues to see positive sales and earnings growth even compared to its strong 2009. The company is also returning value to its shareholders via stock buybacks and dividend increases, making this stock a compelling value. About Ross Stores Ross Stores is an off-price … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Under Armour, Inc. Posted: 01 Nov 2010 11:05 PM PDT Under Armour, Inc. (NYSE:UA) recently hit a new multi-year high after posting a solid 13% Q3 earnings surprise in late October. Estimates have since jumped higher, providing this Zacks #1 rank stock with a nice dose of momentum. Company Description Under Armour, Inc. develops and sells performance apparel for men, women and children primarily in the United States and Canada. The company was founded in 1996 and has a market cap of $2.38 billion. We got an update on Under Armour’s business on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: Vitamin Shoppe, Inc Posted: 01 Nov 2010 11:05 PM PDT Vitamin Shoppe, Inc. (VSI) continues to post excellent results. The company has topped forecasts in each quarter since its 2009 IPO, recently increasing net income 3 fold. Thanks to an optimistic and aggressive growth forecasts, analysts continue to raise estimates for this Zacks #1 Rank (Strong Buy). Company Description Vitamin Shoppe is a specialty retailer for vitamins, supplements, herbs, sports nutrition and other health and beauty products. The company owns 472 stores and also sells … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Chart Of The Day: North American Palladium Posted: 01 Nov 2010 11:01 PM PDT Today’s Chart of the Day is North American Palladium (PAL), a palladium miner. I have been posting about this one on twitter for quite some time. Has rallied from low 3s to 4.81 in the last couple of months with MA(20) providing support throughout. Made a move up today (on good volume) after a period of consolidation. Be sure to keep an eye on Palladium prices if you decide to play this. According to the weekly chart below, where it finally made a move above weekly MA(200) today, it … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The Asian Session Posted: 01 Nov 2010 11:00 PM PDT Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3931, up 0.27% at time of writing. The pair was likely to find support at 1.3779, Thursday's low, and resistance at 1.4011, Monday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.15% to hit 0.8677 and EUR/JPY rising 0.39% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Stock Market Action: Much Ado About Nothing Posted: 01 Nov 2010 10:01 PM PDT A whole lot of huffing and puffing by both the bulls and the bears but in the end, the markets went nowhere. The bears will be pleased that they were able to drag the bulls down from a position of considerable advantage early in the trading day and the bulls would be pleased that they were able to close the markets in the positive territory inspite of bears threatening to take control late in the day. In short: A whole lot of nothing. Personally speaking, I went long North … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up During The Asian Session Posted: 01 Nov 2010 08:55 PM PDT Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Tuesday after the release of Australian data on Interest Rate Decision. AUD/USD was trading at 0.9969, up 0.99% at time of writing. The pair was likely to find support at 0.9680, Friday's low, and resistance at 0.9988, today's high. Earlier in the day, official data showed that Australia's cash rate rose unexpectedly to 4.75% last month. Analysts had expected the cash rate to remain unchanged at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australia Cash Rate Rises Unexpectedly Posted: 01 Nov 2010 08:50 PM PDT Australia's cash rate rose unexpectedly last month, official data showed on Tuesday. In a report, the Reserve Bank of Australia said that its cash rate rose to 4.75%. Analysts had expected the cash rate to remain unchanged at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

From Quantitative Easing To Stagflation: How Best To Invest? Posted: 01 Nov 2010 08:29 PM PDT The United States economy grew at a sluggish annual rate of 2 percent in the third quarter, the Commerce Department reported last Friday. On the bright side, the economy is growing faster than the 1.7 percent growth in the second quarter and has registered the fifth straight quarter of expansion. But here comes the dark side – the growth rate is far from sufficient to impact jobs. And the most disturbing piece of information is that the U.S. economy is still smaller than it was when … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Coinstar Continues To Cash In On Its Redbox Brand Posted: 01 Nov 2010 08:00 PM PDT 11/01/10 Coinstar (CSTR) saw another leap in revenue during the 3Q following another huge growth in Redbox DVD rental kiosk … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Up During The Asian Session Posted: 01 Nov 2010 07:45 PM PDT Forex Pros – The Euro was higher against the Japanese Yen on Tuesday. EUR/JPY was trading at 112.12, up 0.25% at time of writing. The pair was likely to find support at 111.53, Friday's low, and resistance at 113.11, Monday's high. Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.04% to hit 1.3899 and EUR/GBP rising 0.00% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up During The Asian Session Posted: 01 Nov 2010 06:30 PM PDT Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday. USD/JPY was trading at 80.70, up 0.24% at time of writing. The pair was likely to find support at 80.25, Monday's low, and resistance at 81.70, Thursday's high. Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.04% to hit 1.3888 and GBP/USD rising 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Singapore Stock Market Update For Tuesday 02 November Posted: 01 Nov 2010 06:28 PM PDT Morning Highlights There Are No Quick Picks For Today! Singapore market opened mixed,  with STI down 41.29 points to open at 3,150.89. Within minutes, index recovered early dip and rose slightly above 3200 now.    New IPO : Nordic Group Limited Offer size : 110million Offer price : S$0.20 Commence trading : 10 Nov 2010, 09:00 Underwriter : Collins Stewart Background: An automation systems integration solutions provider serving mainly the marine and offshore oil and gas … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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