DailyMarkets.com - 20 Of The Craziest Things The U.S. Government Is Spending Money On
DailyMarkets.com - 20 Of The Craziest Things The U.S. Government Is Spending Money On |
- 20 Of The Craziest Things The U.S. Government Is Spending Money On
- Max Keiser – Silver Is A Buy!
- Higher Long Bond Yields, But No Flattening Of Curve Yet
- State And Municipal Budgets: The Day Of Reckoning
- Stick With Gold In Troubled Times
- Quote Du Jour: Vote For Gold
- Milken On Inflation
- Oil Price Spike Threatens Recovery
- Forex – EUR/USD Trims Gains Amid Portugal Downgrade Fears
- Laugh Out Loud: Santa Hopes Economy Improves Before Christmas Eve …
- Forex – GBP/USD Reverses Gains After U.K. Borrowing Data
- Forex – EUR/CHF Hits Record Low As Moody’s Put Portugal On Review
- Forex – USD/CHF Hits 2-day Low On Portugal Downgrade Fears
- European Stocks Rise On China Comments; DAX Up 0.61%
- Forex – Dollar Dips To 1-week Low Against Yen As BoJ Holds Rates
- U.K. Public Sector Net Borrowing Rises More-than-expected
- Forex – Dollar Down Across The Board As Risk Aversion Eases
- Forex – NZD/USD Hits 4-day High As China Remarks Lift Sentiment
- Forex – AUD/USD Hits 4-day High, Re-approaching Parity
- Forex – GBP/USD Hits Daily High As Risk Aversion Eases
- Asia Stocks Broadly Higher On Commodities; Nikkei Up 1.51%
- Forex – EUR/USD Rebounds On Short Covering Support
- Bank Of Japan Leaves Interest Rate Unchanged
- Momentum Stock: RBC Bearings, Inc.
- Growth & Income Stock: UnitedHealth Group Inc.
- Bear Of The Day: Hudson City Bancorp (HCBK)
- Bull Of The Day: Nelnet, Inc. (NNI)
- Aggressive Growth Stock: Boston Beer Co.
- US Dollar Seen To Rally Against The Japanese Yen
- Forex – EUR/USD Up During The Asian Session
- Will The EUR/USD Rally In The Asian Session Fade?
- Forex – GBP/USD Up During The Asian Session
- Stock Market & ETF News Update: Korea, Ireland And Quiet On The Western Front (SPY, DIA, UUP, TLT)
- Technology Stocks: 4 Investment Ideas
- Crude Oil Rallies To Top End Of Range, Gold Rises On Investment Demand
- Forex – USD/CHF Down During The Asian Session
- Trade Ideas For Tuesday December 21
- Forex – EUR/GBP Up During The Asian Session
- Forex – USD/JPY Down During The Asian Session
- Inflation, Here Is Thy Sting
| 20 Of The Craziest Things The U.S. Government Is Spending Money On Posted: 21 Dec 2010 03:35 AM PST You are not going to believe some of the things that the U.S. government is spending money on. According to a shocking new report, U.S. taxpayer money is being spent to study World of Warcraft, to study how Americans find love on the Internet, and to study the behavior of male prostitutes in Vietnam. Not only that, but money from the federal government is also being used to renovate a pizzeria in Iowa and to help a library in Tennessee host video game parties. These are just some of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 21 Dec 2010 03:14 AM PST This week Max Keiser and co-host Stacy Herbert look at the scandals of "shameless Britain" and "Wall Street's cash cow". In the second half of the show, Max talks to David Morgan, editor of Silver-Investor.com, about the outlook for "poor man's … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Higher Long Bond Yields, But No Flattening Of Curve Yet Posted: 21 Dec 2010 03:08 AM PST "The rise in bond yields that we have been expecting since November has been much faster and more forceful than we foresaw. Stronger economic data and the U.S. fiscal stimulus have lifted the 'fair value' for 10-yr Treasuries by around 40 basis points from just a month ago, to around 3.2% currently," said the Goldman Sachs Global Economics team in a recent report. "This accounts for about half of the move in actual yields. Positioning after a strong rally has accelerated and amplified … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| State And Municipal Budgets: The Day Of Reckoning Posted: 21 Dec 2010 03:05 AM PST By now, just about everyone is aware of the U.S. federal deficit problem, but there is another financial crisis looming involving state and local governments. This is the focus of a CBS 60 Minutes report.
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| Stick With Gold In Troubled Times Posted: 21 Dec 2010 03:00 AM PST Gold is the ultimate hedge against market uncertainty and inflation and the precious metal should continue to do well next year, Anne Gudefin, executive vice president and equity portfolio manager at Pimco, told CNBC. [PduP: Interesting how the world's largest fixed-income manager is branching out to other asset ... [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 21 Dec 2010 02:55 AM PST The following from Fred Sheehan, author of "Panderer to Power: The Untold Story of How Alan Greenspan Enriched Wall Street and Left a Legacy of Recession" and writer of the FS aucontrarian blog: "A gold bar is no more intelligent than Bernanke, but it tells no lies. It should be apparent by now that George Bernard Shaw was right: 'You have a choice between the natural stability of gold and the honesty and intelligence of the members of government. And with all due respect to those … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 21 Dec 2010 02:53 AM PST Michael Milken of the Milken Institute tells CNBC why he believes inflation will be an issue in 2011. (Milken was indicted in 1989 on charges related to junk bonds, a market he was instrumental in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Oil Price Spike Threatens Recovery Posted: 21 Dec 2010 02:50 AM PST WSJ Global Economics Editor David Wessel discusses the threat that soaring oil and gas prices pose to the U.S. economic recovery. [PduP: Oil could surprise to the upside in 2011 and provide a headwind for ... [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Trims Gains Amid Portugal Downgrade Fears Posted: 21 Dec 2010 02:47 AM PST Forex Pros – The euro trimmed gains against the U.S. dollar in thin trade on Tuesday, after ratings agency Moody’s put Portugal's sovereign debt rating on review for a possible downgrade. EUR/USD retreated from 1.3201, the daily high, to hit 1.3159 during European morning trade, gaining 0.22%. The pair was likely to find support at 1.3094, Monday's low and a 13-day low and resistance at 1.3358, last Friday's high. Moody’s warned it may cut Portugal’s A1 rating by one or two notches, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Laugh Out Loud: Santa Hopes Economy Improves Before Christmas Eve … Posted: 21 Dec 2010 02:45 AM PST |
| Forex – GBP/USD Reverses Gains After U.K. Borrowing Data Posted: 21 Dec 2010 02:36 AM PST Forex Pros – The pound erased gains against the U.S. dollar on Tuesday, following a report showing that U.K. public sector net borrowing unexpectedly surged in November, hitting its highest level on record. GBP/USD retreated from 1.5568, the daily high to hit 1.5499 during European afternoon trade, slipping 0.08%. Cable was likely to find support at 1.5439, last Friday's low and a 3-month low and resistance at 1.5646, Friday's high. The National Statistics Office said that excluding … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/CHF Hits Record Low As Moody’s Put Portugal On Review Posted: 21 Dec 2010 02:16 AM PST Forex Pros – The euro tumbled to a fresh all-time low against the safe haven Swiss franc on Tuesday, after ratings agency Moody's put Portugal's sovereign debt rating on review, pending a possible downgrade. EUR/CHF hit 1.2615 during European morning trade, a fresh record low; the pair subsequently consolidated at 1.2625, shedding 0.32%. The pair was likely to find support at 1.2550 and resistance at 1.2779, Monday's high. Earlier in the day, Moody's placed Portugal's A1 … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/CHF Hits 2-day Low On Portugal Downgrade Fears Posted: 21 Dec 2010 02:02 AM PST Forex Pros – The U.S. dollar extended losses against the Swiss franc on Tuesday, dropping to a 2-day low after ratings agency Moody's put Portugal's sovereign debt rating on review, generating support for the safe haven franc. USD/CHF hit 0.9589 during European morning trade, the pair's lowest since Friday; the pair subsequently consolidated at 0.9604, shedding 0.42%. The pair was likely to find short-term support at 0.9556, last Friday's low and resistance at 0.9719, Monday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Stocks Rise On China Comments; DAX Up 0.61% Posted: 21 Dec 2010 01:59 AM PST Forex Pros – European stocks advanced on Tuesday, as markets shrugged off news that Portugal's sovereign credit rating was put on review, while U.S. futures indexes pointed to a higher open on Wall Street. During European morning trade, the EURO STOXX 50 surged 0.73%; France's CAC 40 climbed 0.62%; while Germany’s DAX added 0.61%. Markets took in stride news that ratings agency Moody's placed Portugal's A1 sovereign credit rating on review for possible downgrade. Earlier in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Dips To 1-week Low Against Yen As BoJ Holds Rates Posted: 21 Dec 2010 01:39 AM PST Forex Pros – The U.S. dollar slipped to a 1-week low against the yen on Tuesday, amid speculation Japanese exporters bought the currency to bring home funds before the end of the year. USD/JPY hit 83.57 during European morning trade, the pair's lowest since December 14; the pair subsequently consolidated at 83.70, shedding 0.07%. The pair was likely to find support at 82.83, the low of December 14 and resistance at 84.19, the high of December 17. Earlier in the day, the Bank of Japan … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.K. Public Sector Net Borrowing Rises More-than-expected Posted: 21 Dec 2010 01:34 AM PST Forex Pros – Public sector net borrowing in the U.K. rose more-than-expected in November, official data showed on Tuesday. In a report, the U.K. National Statistics Office said that public sector net borrowing, or the difference in value between public spending and income rose to GBP 22.8 billion in November, up from GBP 8.6 billion in October, whose figure was revised down from GBP 9.8 billion. Economists had expected public sector net borrowing to increase to GBP 16.8 billion in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Down Across The Board As Risk Aversion Eases Posted: 21 Dec 2010 12:54 AM PST Forex Pros – The U.S. dollar slipped back against its major counterparts on Tuesday, after comments China's Vice Premiere made in support of measures by the European Union to address the region’s debt crisis boosted sentiment. During European morning trade, the greenback was down against the euro, with EUR/USD rising 0.19% to hit 1.3555. Earlier in the day, ratings agency Moody's put Portugal's sovereign debt rating on review, pending a possible downgrade. The greenback was also down … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – NZD/USD Hits 4-day High As China Remarks Lift Sentiment Posted: 21 Dec 2010 12:39 AM PST Forex Pros – New Zealand's dollar surged to a 4-day high against its U.S. counterpart on Tuesday, after comments China's Vice Premiere made in support of measures by the European Union to address the region’s debt crisis. NZD/USD hit 0.7485 during early European trade, the pair's highest since December 15; the pair subsequently consolidated at 0.7456, gaining 0.50%. The pair was likely to find support at 0.7345, Monday's low and resistance at 0.7521, the high of December … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Hits 4-day High, Re-approaching Parity Posted: 21 Dec 2010 12:28 AM PST Forex Pros – The Australian dollar rose to a 4-day high against its U.S. counterpart on Tuesday, moving closer to parity, boosted by positive sentiment towards the euro zone. AUD/USD hit 0.9976 during late Asian trade, the pair's highest since December 15; the pair subsequently consolidated at 0.9951, gaining 0.17%. The pair was likely to find support at 0.9861, Monday's low and resistance at 1.0027, the high of December 14. Earlier in the day, Chinese vice premiere Wang Qishan said … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Hits Daily High As Risk Aversion Eases Posted: 21 Dec 2010 12:14 AM PST Forex Pros – The pound was up against the broadly weaker dollar on Tuesday, rising to a daily high as tensions on the Korean peninsula subsided and risk aversion eased. GBP/USD hit 1.5568 during late Asian trade, the daily high; the pair subsequently consolidated at 1.5553, gaining 0.26%. Cable was likely to find support at 1.5439, last Friday's low and a 3-month low and resistance at 1.5646, Friday's high. Earlier in the day, data showed that consumer confidence in the U.K. remained … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Asia Stocks Broadly Higher On Commodities; Nikkei Up 1.51% Posted: 20 Dec 2010 11:53 PM PST Forex Pros – Asian stocks were broadly higher on Tuesday, amid cooling geopolitical tensions on the Korean peninsula and as commodity-linked shares led markets higher. During late Asian trade, Hong Kong’s Hang Seng Index surged 1.64%, South Korea’s Kospi Composite added 0.83%, while Japan's Nikkei 225 Index jumped 1.51%. The Nikkei's gains came as shares in the commodity sector performed strongly after crude oil and metal prices advanced. Shares in Japan's second-largest commodities … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Rebounds On Short Covering Support Posted: 20 Dec 2010 11:37 PM PST Forex Pros – The euro rebounded from a 13-day low against the U.S. dollar on short covering on Tuesday, after China said it supported efforts by the European Union to calm global markets in the wake of Europe’s debt crisis. EUR/USD hit 1.3201 during late Asian trade, the pair's highest since Friday; the pair subsequently consolidated at 1.3192, gaining 0.47%. The pair was likely to find support at 1.3094, Monday's low and a 13-day low and resistance at 1.3358, last Friday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Bank Of Japan Leaves Interest Rate Unchanged Posted: 20 Dec 2010 11:16 PM PST Forex Pros – The Bank of Japan kept its benchmark interest rate unchanged for January, it announced on Tuesday. In a statement, the BoJ said it was keeping its benchmark interest rate unchanged between a range of 0.0% to 0.1%, widely in line with expectations. A statement on monetary policy released after the announcement showed that the Bank of Japan's nine-man policy board voted unanimously to maintain the interest rate at its current level. Following the decision, the yen was up … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Momentum Stock: RBC Bearings, Inc. Posted: 20 Dec 2010 11:05 PM PST RBC Bearings, Inc. (NASDAQ:ROLL) recently hit a new multi-year high after reporting strong Q2 results in early November that included its third consecutive earnings surprise. Estimates have since jumped higher, with the next-year estimate projecting 23% growth, helping to eliminate upward resistance for this Zacks #1 rank stock.
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| Growth & Income Stock: UnitedHealth Group Inc. Posted: 20 Dec 2010 11:05 PM PST As more information about the impact of the health care overhaul unfolds, UnitedHealth Group Inc. (NYSE:UNH) continues to deliver impressive results.
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| Bear Of The Day: Hudson City Bancorp (HCBK) Posted: 20 Dec 2010 11:05 PM PST Hudson City Bancorp’s (NASDAQ:HCBK) third-quarter earnings came a penny behind the Zacks Consensus Estimate, reflecting lower interest margin, increased non-interest expense and higher provision for loan losses.
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| Bull Of The Day: Nelnet, Inc. (NNI) Posted: 20 Dec 2010 11:05 PM PST Nelnet Inc.’s (NYSE:NNI) third quarter earnings came in well ahead of the Zacks Consensus Estimate on a fall in interest expenses and benefits of revenue diversification. However, GAAP results were primarily impacted by litigation settlement charges.
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| Aggressive Growth Stock: Boston Beer Co. Posted: 20 Dec 2010 11:05 PM PST Boston Beer Co. (NYSE:SAM) recent raised its full-year outlook driving shares even further. The stock is trading at all-time highs, but still remains reasonably priced.
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| US Dollar Seen To Rally Against The Japanese Yen Posted: 20 Dec 2010 10:10 PM PST So after being routed by Japanese yen for the last three years, it seems like the US dollar's recent rally will extend at least in the near term. Earlier today, the Bank of Japan, which is headed by Governor Masaaki Shirakawa, decided to keep its interest rate unchanged for the foreseeable future to encourage spending. Japan's core consumer price index, which measures the change in the price of goods and services consumed minus the price of fresh food, remains stuck at -0.6%. A decrease in … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Up During The Asian Session Posted: 20 Dec 2010 10:10 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3172, up 0.31% at time of writing. The pair was likely to find support at 1.3094, Monday's low, and resistance at 1.3359, Friday's high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.11% to hit 0.8474 and EUR/JPY rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Will The EUR/USD Rally In The Asian Session Fade? Posted: 20 Dec 2010 09:30 PM PST Daily: The market is not following through in the EUR/USD to test 1.3050-1.3060 area then 1.2970 as anticipated.
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| Forex – GBP/USD Up During The Asian Session Posted: 20 Dec 2010 09:25 PM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Tuesday. GBP/USD was trading at 1.5546, up 0.20% at time of writing. The pair was likely to find support at 1.5455, Friday's low, and resistance at 1.5647, Friday's high. Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.09% to hit 0.8472 and GBP/JPY rising 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Stock Market & ETF News Update: Korea, Ireland And Quiet On The Western Front (SPY, DIA, UUP, TLT) Posted: 20 Dec 2010 09:15 PM PST Sabres were rattling on the Korean Penninsula today while Europe's troubles percolated on the back burner and U.S. markets meandered in lighter than average pre-Christmas volume. South Korea conducted its drills in spite of dire North Korean warnings but the ripples of the conflict spread across the region as the Shanghai Composite (SSEC) dropped -1.4%, bringing its decline from early November perilously close to the -10% marker for an official "correction." On the other side … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Technology Stocks: 4 Investment Ideas Posted: 20 Dec 2010 09:15 PM PST In order to try and find some fertile ground for investments, I was going through the list of sectors in Morningstar and grew curious about softwares. Today I am reviewing the Software-Architecture industry. I have thus set up a screen to select companies in the "Software – Infrastructure" industry, with a market cap of over $0.5Bn. This gives us a list of 16 companies, which I then filter against some of the criteria that I usually use in my stock reviews to try and evaluate … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Crude Oil Rallies To Top End Of Range, Gold Rises On Investment Demand Posted: 20 Dec 2010 08:51 PM PST Commodities – Energy
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| Forex – USD/CHF Down During The Asian Session Posted: 20 Dec 2010 08:50 PM PST Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Tuesday. USD/CHF was trading at 0.9628, down 0.20% at time of writing. The pair was likely to find support at 0.9558, Friday's low, and resistance at 0.9734, Thursday's high. Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.34% to hit 1.3175 and USD/JPY falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Trade Ideas For Tuesday December 21 Posted: 20 Dec 2010 08:37 PM PST ( click to enlarge ) Force Protection, Inc. (NASDAQ:FRPT) looks ready to take out November highs. Indicators are turning up and it should get the move. ( click to enlarge ) After months of struggle KB Home (NYSE:KBH) was able to push through their 200-day MA. My model is now long, targeting $15.82 area. ( click to enlarge ) Toll Brothers, Inc. (NYSE:TOL) made a huge move today. It should make a higher high this week. Universal Travel Group … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/GBP Up During The Asian Session Posted: 20 Dec 2010 08:20 PM PST Forex Pros – The Euro was higher against the British Pound on Tuesday. EUR/GBP was trading at 0.8471, up 0.08% at time of writing. The pair was likely to find support at 0.8447, Monday's low, and resistance at 0.8553, Friday's high. Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.30% to hit 1.3171 and EUR/JPY rising 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Down During The Asian Session Posted: 20 Dec 2010 07:40 PM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Tuesday. USD/JPY was trading at 83.67, down 0.12% at time of writing. The pair was likely to find support at 83.57, today's low, and resistance at 84.44, Thursday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.30% to hit 1.3170 and GBP/USD rising 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 20 Dec 2010 12:19 AM PST Last Thurday, David Rosenberg wrote a headline entitled Inflation, Where is Thy Sting? (subscription required). He outlined his bull case for bonds by showing the chart below of core CPI and went on to comment that there are many disinflationary and deflationary forces at work in the economy. The mistake that economists like Rosie and central bankers make, IMHO, is to look at core CPI, or the Consumer Price Index ex-food and energy. Inflation is happening in hard assets, i.e. commodity … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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