DailyMarkets.com - How Much Longer Can The Fed Play The QE Game Before The Public And The Markets Wise Up?

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• How Much Longer Can The Fed Play The QE Game Before The Public And The Markets Wise Up?
• AUD/USD: Poised For An Upside Breakout
• Nelnet Exceeds Zacks Estimates
• LLY’s Avid Interest In Alzheimer’s
• Dejour Maintains Outperform
• Chinese Stocks Providing Excellent Technical Setups
• Stocks Hit New 2010 Highs But VIX Not At New Lows
• EUR/USD, AUD/USD, GBP/JPY, Gold (XAU/USD): Breakout Scenarios
• Chevron Acquiring Atlas For $4.3B
• BJ’s Posts Healthy Sales
• Forex – EUR/USD Down At The End Of European Session
• What Is Ben Bernanke Thinking?
• Forex – EUR/JPY Down Toward The End Of European Session
• Capitalism, Past & Present: A Primer
• Forex – Dollar Broadly Lower Amid Global Criticism Of Fed Stimulus
• Breakout Or Breakdown?
• Hot Stocks To Know For Tuesday: Anadarko Petroleum, Travelers Companies, Boeing, Home Depot, BHP Billiton, AIG, BP, Barclays, Rio Tinto, Vodafone, CRH
• Forex – GBP/USD Erases Gains As BOE Inflation Report Looms
• Crude Flat On Mixed Equities, Mixed Forex Trade
• Australian Dollar: Key ST Resistance At 10725
• Canadian Dollar: The Downside Prevails
• AGA Medical Misses, Posts Profit
• Narrower Loss At Auxilium
• Dell And Symantec Team Up
• GE To Invest In China
• Magna’s Profit Soars
• InterContinental Hotels 3Q Net Profit Rises
• Forex – EUR/USD Pares Losses After Successful Greek Debt Sale
• Opening Bell Market Monitor: CVX, ATLS, GE, SLE
• Forex – NZD/USD Rebounds From 4-day Low As Greenback Retreats

How Much Longer Can The Fed Play The QE Game Before The Public And The Markets Wise Up? Posted: 09 Nov 2010 09:43 AM PST While it’s true that history repeats itself, the patterns should always be separated by a generation or two to keep things respectable. Unfortunately, in today’s economic world, it seems the cycle can be counted in months. On July 24, 2009, just as the Federal Reserve unleashed its first quantitative easing campaign (now called “QE1″ - an echo of the reclassification of the Great War after still more destructive subsequent developments), Fed Chairman Ben Bernanke wrote an opinion … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AUD/USD: Poised For An Upside Breakout Posted: 09 Nov 2010 09:35 AM PST Price action on AUD/USD (a 4-hour chart of which is shown) as of Tuesday (11/09/2010) has consolidated near the multi-decade highs just below key 1.0200 resistance, and appears poised for a potential breakout to the upside. In this event, the key level to watch is 1.0200, a breakout above which price action will have confirmed an uptrend continuation with a further upside resistance target immediately above in the 1.0300 price region, a 161.8% Fibonacci extension of a prior bullish … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Nelnet Exceeds Zacks Estimates Posted: 09 Nov 2010 09:35 AM PST Nelnet Inc. (NYSE:NNI) reported third quarter 2010 earnings of $1.23 per share compared with $1.01 per share in the year-ago quarter. Excluding gains on debt repurchases, the company reported earnings of $1.11 per share, compared with 94 cents in the prior-year period. Results were also ahead of the Zacks Consensus Estimate of $1.02. Quarterly results reflect a decrease in interest expenses (payable on bonds and notes) and benefits of diversification of revenue through fee-based businesses. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

LLY’s Avid Interest In Alzheimer’s Posted: 09 Nov 2010 09:35 AM PST Eli Lilly and Company (NYSE:LLY) recently entered into a definitive merger agreement whereby it intends to acquire privately-held company, Avid Radiopharmaceuticals, Inc. With this deal, Eli Lilly will gain access to Avid's lead candidate, florbetapir F 18 (18F-AV-45), which is currently under US Food and Drug Administration (FDA) review. Terms of the Deal Per the terms of the deal, Eli Lilly will make an upfront payment of $300 million (subject to adjustment of Avid's cash balance at the time … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dejour Maintains Outperform Posted: 09 Nov 2010 09:35 AM PST After the close yesterday, Dejour ( DEJ ) announced that the company has submitted an application to the British Columbia Oil and Gas Commission (OGC) for a waterflood program to be implemented in the Halfway Oil Pool at the Woodrush Field. The implementation of a waterflood will dramatically increase production due to the current well allowable restriction imposed by the OGC of British Columbia, which has artificially limited production. Average daily gross production from Woodrush is now … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Chinese Stocks Providing Excellent Technical Setups Posted: 09 Nov 2010 09:34 AM PST A number of Chinese stocks are providing excellent technical setups in a market that is very strong across the board. Many of these stocks can tack on gains very quickly, and moreover offer some very good value into the future for longer term investors. My long term account contains a number of China names (Baidu (NASDAQ:BIDU), Sina (NASDAQ:SINA), Yongye (YONG), New Energy Systems (NEWN), China Fire & Security (NASDAQ:CFSG), SmartHeat (HEAT), Rino (RINO)), and I plan to add more during today’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks Hit New 2010 Highs But VIX Not At New Lows Posted: 09 Nov 2010 09:24 AM PST With stocks at new 2010 highs, what is the VIX (^VIX) – Volatility Index – printing on its year-to-date chart? Let's take a look at the SP500, VIX, and then an overlaid SPX and VIX Chart to gather insights from this important indicator. First, the S&P 500 to serve as a reference: I've posted about this frequently so I won't repeat the same commentary, but I did want to call the attention to the S&P (as well as NASDAQ and Dow Jones) at fresh new 2010 highs … [visit site to read more] or compare Best Credit Cards and Best CD Rates

EUR/USD, AUD/USD, GBP/JPY, Gold (XAU/USD): Breakout Scenarios Posted: 09 Nov 2010 09:21 AM PST EUR/USD Pullback to Give More Clues: The pullback today lets us know if the EUR/USD is in a new downtrend, or still consolidating at best. The market showed weakness in its decline since Friday. Despite all the signs technically and fundamentally pointing to further decline, we have yet to see the most basic clue, lower high, and a lower low. Today, we have a chance to see if the market can establish a lower high. A pullback started ahead of the US session can extend towards … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Chevron Acquiring Atlas For $4.3B Posted: 09 Nov 2010 09:05 AM PST U.S.energy behemoth Chevron Corp. (CVX) has agreed to acquire natural gas producer Atlas Energy Inc. (ATLS) for about $4.3 billion in stock, cash and debt. The transaction, the most recent by an energy company to expand in natural gas following ExxonMobil Corp. (XOM) and Royal Dutch Shell Plc. (RDS.A), is subject to certain Atlas Energy restructuring initiatives, approval by Atlas Energy shareholders and regulatory clearance. As per the deal, Atlas shareholders would get $38.25 in cash and more … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BJ’s Posts Healthy Sales Posted: 09 Nov 2010 09:05 AM PST BJ's Wholesale Club Inc. (NYSE:BJ), a leading warehouse club operator in the United States, recently posted healthy sales results for the four-week period ended October 30, 2010. After registering a growth of 1.5% in September 2010, BJ's experienced comparable club sales growth of 3.7% in October. For the third quarter of 2010, comps climbed 2.5%. Rising gasoline prices positively impacted the comparable club sales by 1.5% during the reported month and by 1% in the quarter. The company … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down At The End Of European Session Posted: 09 Nov 2010 09:00 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3862, down 0.41% at time of writing. The pair was likely to find support at 1.3824, today's low, and resistance at 1.4282, Thursday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.18% to hit 0.8640 and EUR/JPY falling 0.47% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

What Is Ben Bernanke Thinking? Posted: 09 Nov 2010 08:52 AM PST Ben Bernanke Just a quick announcement. Anyone who has visited the site lately likely noticed that I have not been posting as much. Between my family, job, and studying for the CFA I have been really busy. However, I love writing and it helps me think clearly so I plan on continuing to write as much as possible. In addition, we have a few great writers who have been contributing on a regular basis to the site so there is always around 10 new posts a week. Now back to some of my own unique … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Down Toward The End Of European Session Posted: 09 Nov 2010 08:45 AM PST Forex Pros – The Euro was lower against the Japanese Yen on Tuesday. EUR/JPY was trading at 112.32, down 0.60% at time of writing. The pair was likely to find support at 111.72, today's low, and resistance at 115.42, Thursday's high. Meanwhile, the Euro was down against the U.S. Dollar and up against the British Pound, with EUR/USD shedding 0.35% to hit 1.3872 and EUR/GBP rising 0.17% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Capitalism, Past & Present: A Primer Posted: 09 Nov 2010 08:35 AM PST There was not a lot of economic news out today, so I think I am going to step back and be a bit more philosophica. I want to talk a bit about capitalism itself. I know that some of you see me as some sort of unreconstructed wild-eyed lefty. To that charge I plead: not guilty. I have a deep respect for capitalism and the free market. As a student of economic history I know that for about 1500 years, there was little or no real economic progress in the world after the fall of the Roman Empire. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Broadly Lower Amid Global Criticism Of Fed Stimulus Posted: 09 Nov 2010 08:24 AM PST Forex Pros – The U.S. dollar was broadly lower its major counterparts on Tuesday, as international criticism of the Federal Reserve's stimulus plan mounted ahead of a G20 world economic summit. During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.28% to hit 1.3880. Earlier in the day, Greece auctioned EUR390 million of 26-week Treasury bills, easing fears that that peripheral euro zone debtor nations may still default. The greenback was also up … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Breakout Or Breakdown? Posted: 09 Nov 2010 08:19 AM PST Fundamentals Cotton continues to move higher at breakneck speed, fueled by export demand. Last week’s export sales numbers were six times what they would have needed to be in order to meet the USDA’s estimated pace. Today’s USDA report figures have to have a sharp upward revision to the exports figure. As of the last report, the agency pegged exports at 15.5 million bales, and the market is looking for an upward revision of between 16.5 and 17.5 million bales. With the US Dollar getting … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Stocks To Know For Tuesday: Anadarko Petroleum, Travelers Companies, Boeing, Home Depot, BHP Billiton, AIG, BP, Barclays, Rio Tinto, Vodafone, CRH Posted: 09 Nov 2010 08:18 AM PST US equities closed marginally lower Monday, pulling back on lighter volume after last week's deluge of macro events and economic releases. Fears that Ireland and other euro-member nations will struggle to meet its debt obligations underpinned weakness in the euro and stocks and drove strength in commodities and the dollar. Gold hit an all time record (eclipsing $1400 an ounce), and silver and palladium topped recent highs as investors shifted out of currencies and into commodities. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Erases Gains As BOE Inflation Report Looms Posted: 09 Nov 2010 08:17 AM PST Forex Pros – The pound erased gains against the U.S. dollar on Tuesday, falling to hit a fresh daily low ahead of the release of Wednesday's Bank of England inflation report. GBP/USD hit 1.6066 during European afternoon trade, a fresh daily low; the pair subsequently consolidated at 1.6080, shedding 0.34%. Cable was likely to find support at 1.5960, the low of November 2 and resistance at 1.6212, Monday's high. Earlier in the day, the U.K. Office for National Statistics said that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Flat On Mixed Equities, Mixed Forex Trade Posted: 09 Nov 2010 08:16 AM PST 11/09/10 Crude prices were slightly higher thias session following mixed equity performance and volatile forex … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Key ST Resistance At 10725 Posted: 09 Nov 2010 08:16 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar: The Downside Prevails Posted: 09 Nov 2010 08:16 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AGA Medical Misses, Posts Profit Posted: 09 Nov 2010 08:15 AM PST Cardiac devices maker AGA Medical Holdings' (AGAM) third quarter fiscal 2010 adjusted (excluding one-time items such as amortization charges and write-offs) earnings per share of 9 cents missed the Zacks Consensus Estimate of 11 cents and were below the year-ago adjusted earnings of 19 cents.  However, the Minnesota-based company swung to profit in the quarter. AGA Medical posted a net income (applicable to common stockholders) of $1.5 million (or 3 cents a share) in the third quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Narrower Loss At Auxilium Posted: 09 Nov 2010 08:15 AM PST Auxilium Pharmaceuticals, Inc. (NASDAQ:AUXL) reported a third quarter loss of 27 cents per share, narrower than the Zacks Consensus Estimate of a loss of 30 cents and the year-ago loss of 35 cents. Higher revenues helped the company post a lower loss. Net revenues increased 27.3% to $53.6 million in the quarter, short of the Zacks Consensus Estimate of $55 million. Quarter in Detail During the reported quarter, Testim sales in the US grew 17.9% to $47.4 million, mainly due to price increases and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Dell And Symantec Team Up Posted: 09 Nov 2010 08:15 AM PST Round Rock, Texas-based PC maker Dell Inc. (NASDAQ:DELL) announced that it is expanding its strategic ties with leading security solutions provider Symantec Corp. (NASDAQ:SYMC). Under the terms of the partnership, Dell will deploy Symantec's e-mail security solution into its Services business. Symantec's solution will secure Dell's E-mail Management Services (EMS) through its cloud-based hosted services. These services will enhance e-mail security features and improve EMS efficiency. The enhanced … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GE To Invest In China Posted: 09 Nov 2010 08:15 AM PST General Electric Company (NYSE:GE) recently announced that it would be making an investment of above $2 billion to expand its research and development activity in China through 2012. The investment will also aid in the development of joint ventures in technology and financial services. The company plans to invest about $500 million on upgrading its research and development activity and for setting customer innovation centers in the country. General Electric will be creating approximately 1,000 new … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Magna’s Profit Soars Posted: 09 Nov 2010 08:15 AM PST Magna International Inc. (NYSE:MGA) reported an increase of about fivefold in profit to $241 million or $2.06 per share in the third quarter of 2010 from $51 million or 45 cents per share in the same quarter of the prior year. The profit outpaced the Zacks Consensus Estimate of $1.50 per share for the quarter. The higher profit was attributable to a 28% increase in light vehicle production in North America and the ongoing restructuring actions adopted by the company. However, the rise in EPS was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

InterContinental Hotels 3Q Net Profit Rises Posted: 09 Nov 2010 03:08 AM PST 11/09/10 InterContinental Hotels announced Tuesday that its 3Q net income rose 51% supported by a jump in revenue as … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Pares Losses After Successful Greek Debt Sale Posted: 09 Nov 2010 08:06 AM PST Forex Pros – The euro pared losses against the U.S. dollar on Tuesday, retreating from a 7-day low after a successful auction of Greek Treasury bills eased concerns over euro zone peripheral sovereign debt. EUR/USD clawed up from 1.3823, the pair's lowest since October 29 to hit 1.3911 during European morning trade, shedding 0.06%. The pair was likely to find support at 1.3763, the low of October 28 and resistance at 1.4089, Monday's high. Earlier in the day, the Greek Public Debt … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: CVX, ATLS, GE, SLE Posted: 09 Nov 2010 02:33 AM PST 11/09/10 The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Rebounds From 4-day Low As Greenback Retreats Posted: 09 Nov 2010 07:31 AM PST Forex Pros – New Zealand's dollar erased losses against its U.S. counterpart on Tuesday, rebounding from a 4-day low as the U.S. faced widespread criticism of its USD600 billion stimulus plan. NZD/USD clawed back up from 0.7803, the pair's lowest since November 3, to hit 0.7890 during European afternoon trade, gaining 0.15%. The pair was likely to find support at 0.7803 and resistance at 0.7937, Monday's high. Earlier in the day, New Zealand's finance minister Bill English said … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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