DailyMarkets.com - The Big News Everyone Missed
DailyMarkets.com - The Big News Everyone Missed |
- The Big News Everyone Missed
- Government Loosens Grip On Citi
- Forex – EUR/USD Down During The U.S. Session
- CTIC Challenges FDA Decision
- AIG’s Nan Shan Attracts Bidders
- J. C. Penney Sales Rise
- Good News For Bristol-Myers
- “Market Move To Upside Coming From Citibank”
- PSEG Lowers Gas Rates Again
- A New Chapter In Google Books
- Forex – AUD/USD Down During The U.S. Session
- Forex Trading: USDJPY Reaches 100 Hour MA/Fibo Target
- Euro Rallies On US Tax Cut Extension
- PX & Jin Jing Group Sign Contract
- Abercrombie’s Robust Comparables
- Forex – NZD/USD Down During The U.S. Session
- European Markets Close Higher; Dax Up 0.68%
- Will The USD Recover From The Blow Dealt By The Non-Farm Payroll Last Friday?
- VML & Ghg Float New Company
- The Tax Deal And The Deficit
- FX Levels And Outlooks 12.7.2010: USD/CAD, AUD/USD, Gold
- Arrow Acquires Diasa In Spain
- Ivory Coast Elections Spark Cocoa
- Forex Trading: EURUSD Stays Below Resistance
- Telefonica Downgraded To Neutral
- Sprint To Phase Out IDen Network
- Forex – EUR/USD Up At The End Of European Session
- Offshoring Tsunami And QE3: A Perfect Storm For Stagflation
- Rising Yields Are Both Good And Bad For Equities
- New COO For Arby’s
- Neutral On Denbury Resources
- Time Warner Cable Targeting SMB
- Positive Data On Roche’s Drug
- Geron’s Pipeline Progresses
- Watson’s Prochieve Achieves Target
- Canadian Dollar: Rebound In Sight
- Australian Dollar: Bullish Bias Above 9825
- Canadian Dollar: Rebound In Sight
- Forex – Dollar Mixed Vs. Rivals As Irish Budget Vote Eyed
- Forex – GBP/USD Close To 9-day High As Irish Budget Awaited
- Forex – EUR/USD Holds Gains Ahead Of Irish Budget Vote
- Crude Rallies Above $90
- Crude Rallies Above $90
- Opening Bell Market Monitor: AET, C, AGL, GAS
- Opening Bell Market Monitor: AET, C, AGL, GAS
- Fooling Some Of The People All Of The Time
- Fooling Some Of The People All Of The Time
- Valuation-Informed Indexing #19: Stock Mispricings Are Sticky
- Morning News Notes: 12.6.10
| Posted: 07 Dec 2010 11:35 AM PST It's hardly a surprise anymore that the financial media, and by association most investors, miss out on the most important news. Over the last week your editor has been on the road again (using "road" loosely). A little over a week ago we traded in our comfy confines in central Arizona for an 8,000 mile trek halfway across the world. The 36-hour journey plunged us into the Philippine jungle exploring a unique low-risk/high reward gold investment strategy for Prudent Investors. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Government Loosens Grip On Citi Posted: 07 Dec 2010 11:35 AM PST The fifth and final sale of the remaining 2.4 billion shares of Citigroup Inc. (NYSE:C) announced by the U.S. Treasury yesterday will exhaust government's stake in the company. The Citi shares were acquired by the government a couple of years back as a part of the company's participation in the Troubled Asset Relief Program (TARP).
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| Forex – EUR/USD Down During The U.S. Session Posted: 07 Dec 2010 11:15 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3305, down 0.02% at time of writing. The pair was likely to find support at 1.3061, Thursday's low, and resistance at 1.3438, Friday's high. Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.39% to hit 0.8435 and EUR/JPY rising 0.97% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 07 Dec 2010 11:05 AM PST Recently, Cell Therapeutics Inc. (CTIC) announced that it has filed a formal appeal to the US Food and Drug Administration's (FDA) Office of New Drugs against the complete response letter issued by the FDA regarding the company's lead pipeline candidate, pixantrone. The candidate is being developed for the treatment of relapsed or refractory, aggressive, non-Hodgkin’s lymphoma (NHL) in patients who have not responded to other treatment options.
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| AIG’s Nan Shan Attracts Bidders Posted: 07 Dec 2010 11:05 AM PST After several impediments in the way of disposing American International Group Inc.'s (NYSE:AIG) Nan Shan unit in Taiwan, the company is finally seeing some light at the end of the tunnel, with handful of Taiwan bidders showing refreshed interest to buy the unit. While the bidders, including Cathay Financial Holding Co., Chinatrust Financial Holding Co. and Ruentex Group, have already submitted there bids on Friday, Fubon Financial Holding Co. has also been expectedly invited by AIG to bid for … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 07 Dec 2010 11:05 AM PST J. C. Penney Company Inc. (NYSE:JCP), a leading retailer of apparel, footwear, accessories, fashion jewelry, beauty products and home furnishings, recently reported its sales results for the four-week period ended November 27, 2010.
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| Posted: 07 Dec 2010 11:05 AM PST The US Food and Drug Administration (FDA) delivered a boost to pharma giant Bristol-Myers Squibb Company (NYSE:BMY) by accepting the supplemental Biologics License Application (sBLA) for the subcutaneous formulation of Orencia (abatacept) for treating adults suffering from moderate to severe rheumatoid arthritis (RA).
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| “Market Move To Upside Coming From Citibank” Posted: 07 Dec 2010 10:44 AM PST 12/07/10 Sunrise Securities’ Ben Willis weighs in on today’s gains in the equity market, and weighs in on near-term … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 07 Dec 2010 10:35 AM PST Public Service Electric and Gas Company (PSE&G), a unit of Public Service Enterprise Group Incorporated (NYSE:PEG) or PSEG, again lowered the residential gas bills by 5.0% to pass on lower input costs to its customers. Prior to the current rate curtailment, PSE&G has lowered the gas bills by 26% since January 2009, when the prices of wholesale natural gas started to drop.
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| Posted: 07 Dec 2010 10:35 AM PST Google Inc's (NASDAQ:GOOG) online bookstore is likely to hasten the digitization of paperbacks and hard covers, dramatically increasing the availability of online books.
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| Forex – AUD/USD Down During The U.S. Session Posted: 07 Dec 2010 10:35 AM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Tuesday. AUD/USD was trading at 0.9883, down 0.17% at time of writing. The pair was likely to find support at 0.9626, Thursday's low, and resistance at 0.9965, today's high. Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.12% to hit 1.3460 and AUD/JPY rising 0.67% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: USDJPY Reaches 100 Hour MA/Fibo Target Posted: 07 Dec 2010 10:30 AM PST The USDJPY has reached the 100 hour MA/50% retracement target at the 83.35 area. Look for profit takers to enter the market with stops if the 83.35 level if breached. The next target would be the 61.8% retracement and 200 hour MA at the 83.59 level.
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| Euro Rallies On US Tax Cut Extension Posted: 07 Dec 2010 10:11 AM PST 12/07/10 The euro rallied this session against its lower-yielding counterparts following the extension of US tax … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| PX & Jin Jing Group Sign Contract Posted: 07 Dec 2010 10:05 AM PST Praxair (China) Investment Co. Ltd, the Chinese unit of Praxair Inc. (NYSE:PX) and a leading industrial gas supplier, signed a contract to supply industrial gases to Beijing Jin Jing Solar Materials Co. Ltd, a subsidiary of Jin Jing Group.
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| Abercrombie’s Robust Comparables Posted: 07 Dec 2010 10:05 AM PST Abercrombie & Fitch Co. (NYSE:ANF), a specialty retailer of casual apparel, reported solid sales for the four-week period ended November 27, 2010. After a smart increase of 12% in September, the comparables moderated to a 2.0% growth in October before recording a whopping increase of 22.0% in November 2010.
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| Forex – NZD/USD Down During The U.S. Session Posted: 07 Dec 2010 10:00 AM PST Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Tuesday. NZD/USD was trading at 0.7604, down 0.18% at time of writing. The pair was likely to find support at 0.7456, Thursday's low, and resistance at 0.7675, Friday's high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.001% to hit 1.2995 and EUR/NZD rising 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| European Markets Close Higher; Dax Up 0.68% Posted: 07 Dec 2010 09:55 AM PST Forex Pros – European stocks were up after the closing bell on Tuesday. At the close of European trade, Germany's DAX rose 0.68%, London's FTSE 100 gained 0.66%, France's CAC 40 climbed 1.63% and the EURO STOXX 50 was up 1.18%. Meanwhile, on Wall Street, equity markets were up after the open. The Dow Jones Industrial Average was up 0.42%; the S&P 500 index gained 0.49%, while the Nasdaq 100 index climbed … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Will The USD Recover From The Blow Dealt By The Non-Farm Payroll Last Friday? Posted: 07 Dec 2010 09:53 AM PST EUR/USD Heading to 1.3450 EUR/USD 12/7/2010 1H Chart EUR/USD returning to levels after the NFP, heading towards 1.3450. The pair broke above yesterday's small range between roughly 1.3245 and 1.3300. It is now channeling up. The RSI is breaking above 60, and as we mentioned in yesterday's update, a break above 1.3300, suggests a test … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 07 Dec 2010 09:35 AM PST Two companies of WPP Group Plc (NASDAQ:WPPGY), ghg and VML announced the formation of Healix Digital Health, a new company focused on digital healthcare. VML is a global digital marketing unit of WPP Group, while ghg is engaged in global healthcare communications.
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| Posted: 07 Dec 2010 09:35 AM PST The Federal Budget Deficit has been a hot topic lately. Two separate commissions have come out with recommendations about how to cut it over the long term. Both rely on a combination of expenditure cuts and increases in taxes. The tax increases are mostly accomplished through the back door of eliminating tax deductions. Both actually cut the tax rates. In looking at how to cut the deficit, it is useful to remember where it came from. The idea that it is all due to "runaway government … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| FX Levels And Outlooks 12.7.2010: USD/CAD, AUD/USD, Gold Posted: 07 Dec 2010 09:25 AM PST USD/CAD Testing 1.0090 USD/CAD 12/7/2010 1H Chart The USD/CAD remains between parity (1.00) and 1.0080/90. The RSI is testing 60 again, and price testing the resistance area again. A break above can see the market go to the 1.0150 (50% retracement) pivot. IF the market breaks above 1.0180, we should … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 07 Dec 2010 09:20 AM PST Electronics parts distributor Arrow Electronics Inc. (NYSE:ARW) acquired Diasa Informática, a value-added distributor of servers, storage, software and networking products in Spain and Portugal.
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| Ivory Coast Elections Spark Cocoa Posted: 07 Dec 2010 09:18 AM PST Today’s Idea
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| Forex Trading: EURUSD Stays Below Resistance Posted: 07 Dec 2010 09:09 AM PST The EURUSD has moved lower on the back of worries about Ireland budget implications. Gold also lost its lustre on a failure to extend above the $1424 old high from November 9th.
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| Telefonica Downgraded To Neutral Posted: 07 Dec 2010 09:05 AM PST We are downgrading our long-term recommendation on Telefonica (NYSE:TEF), the largest telecom carrier in Spain and Latin America, to Neutral from Outperform. Currently, the stock has Zacks #2 (Buy) Rank for the short term (1–3 months).
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| Sprint To Phase Out IDen Network Posted: 07 Dec 2010 09:05 AM PST Sprint Nextel (NYSE:S), the third-largest U.S. wireless carrier, plans to consolidate its network and gradually terminate its iDen network from 2013. The decision follows Sprint's struggle to integrate its CDMA mobile network with Nextel's iDEN wireless network (acquired in 2005), which resulted in contant subscribers losses.
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| Forex – EUR/USD Up At The End Of European Session Posted: 07 Dec 2010 09:00 AM PST Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday. EUR/USD was trading at 1.3322, up 0.11% at time of writing. The pair was likely to find support at 1.3061, Thursday's low, and resistance at 1.3438, Friday's high. Meanwhile, the Euro was down against the British Pound and up against the Japanese Yen, with EUR/GBP shedding 0.43% to hit 0.8432 and EUR/JPY rising 0.58% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Offshoring Tsunami And QE3: A Perfect Storm For Stagflation Posted: 07 Dec 2010 08:50 AM PST While most of the recent economic data seem to demonstrate a steady, albeit slow recovery in the United States, the November employment figures from the Labor Dept. threw a curve ball into the mix as the unemployment rate unexpectedly jumped to 9.8% from 9.6% held since August. That brought the jobless rate to its 19th straight month of 9% or more, which is the longest stretch since World War II, while the unemployment rate of people with a college degree (25 and older) also hit a … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Rising Yields Are Both Good And Bad For Equities Posted: 07 Dec 2010 08:50 AM PST Rising long term Treasury yields can be viewed as a sign that the economic recovery is taking hold. That is one interpretation. Another is that rising yields will serve to pressure equities and choke off any rally that may develop. I believe the latter scenario will eventually predominate as there is a limit to how high equity prices can rise in these liquidity fueled rallies. Figure 1 is a weekly chart of the Ultra Short Lehman 20 + Treasury Bond Fund (symbol: TBT). … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 07 Dec 2010 08:35 AM PST Arby's Restaurant Group Inc., a division of Wendy’s/Arby’s Group Inc. (NYSE:WEN), announced the appointment of Diana Petrovich-Tao, as Chief Operating Officer (COO). Diana Petrovich succeeds Michael Lippert, who left the Atlanta-based company in June, 2010.
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| Posted: 07 Dec 2010 08:35 AM PST Our Neutral recommendation for Denbury Resources Inc. (NYSE:DNR) remains unchanged following third quarter results. Production increased a whopping 82% on the back of solid contribution from the acquired Encore properties.
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| Time Warner Cable Targeting SMB Posted: 07 Dec 2010 08:22 AM PST Time Warner Cable Inc. (NYSE:TWC), the second largest cable MSO (Multiple System Operator) in the U.S. is targeting small & mid sized business (SMB) market opportunities for future growth. The company has predicted that its revenue from SMB will increase 20% year over year in 2010. Year-to-date, Time Warner Cable generated $809 million of sales from the SMB segment in 2010. We believe the company's full year 2010 SMB revenue may reach $1.1 billion.
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| Posted: 07 Dec 2010 08:21 AM PST Roche Holdings Ltd. (RHHBY) recently announced positive results from a mid-stage trial of its schizophrenia candidate, RG1678. The trial demonstrated that the candidate led to a reduction in the negative symptoms of schizophrenia, along with bringing about changes in patients' personal and social functioning.
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| Posted: 07 Dec 2010 08:21 AM PST Geron Corporation (NASDAQ:GERN) recently announced that it has moved its telomerase inhibitor drug, imetelstat (GRN163L), into a new phase II study. The company is conducting an open label, multi-center, randomized phase II study in patients with locally recurrent or metastatic breast cancer.
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| Watson’s Prochieve Achieves Target Posted: 07 Dec 2010 08:21 AM PST Watson Pharmaceuticals Inc. (NYSE:WPI) and partner Columbia Laboratories Inc. (NASDAQ:CBRX) recently announced positive data on Prochieve which was being studied for the reduction of the risk of preterm birth in women with a short cervical length.
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| Canadian Dollar: Rebound In Sight Posted: 07 Dec 2010 08:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Australian Dollar: Bullish Bias Above 9825 Posted: 07 Dec 2010 08:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Canadian Dollar: Rebound In Sight Posted: 07 Dec 2010 08:19 AM PST Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Mixed Vs. Rivals As Irish Budget Vote Eyed Posted: 07 Dec 2010 07:55 AM PST Forex Pros – The U.S. dollar was mixed against its major counterparts on Tuesday, as expectations mounted that Ireland's parliament would pass an austerity budget, unlocking the way to an international bailout package. During European afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.27% to hit 1.3344. Earlier in the day, Irish media outlets reported that that the Irish budget was likely to pass by a slim majority. The greenback was also down against the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Close To 9-day High As Irish Budget Awaited Posted: 07 Dec 2010 07:41 AM PST Forex Pros – The pound was up against the U.S. dollar on Tuesday, hovering close to a 9-day high, amid hopes that Ireland’s emergency budget would pass through parliament, opening the way to an international bailout package. GBP/USD hit 1.5822 during European afternoon trade; the pair's highest since November 24; the pair subsequently consolidated at 1.5787, gaining 0.45%. Cable was likely to find support at 1.5655, Monday's low and resistance at 1.5964, the high of November 23. Irish … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Holds Gains Ahead Of Irish Budget Vote Posted: 07 Dec 2010 07:30 AM PST Forex Pros – The euro held gains against the U.S. dollar on Tuesday amid expectations that that Ireland’s 2011 austerity budget would pass later in the day, clearing the way for an international bailout package. EUR/USD hit 1.3400 during European afternoon trade, the daily high; the pair subsequently consolidated at 1.3353, gaining 0.32%. The pair was likely to find support at 1.3192, last Friday's low and resistance at 1.3632, the high of November 23. Earlier Tuesday, Irish media … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 07 Dec 2010 07:28 AM PST 12/07/10 Front month crude prices continued their rise this session, trading above $90 a barrel, this following President Obama sustaining tax reductions to help the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 07 Dec 2010 07:28 AM PST 12/07/10 Front month crude prices continued their rise this session, trading above $90 a barrel, this following President Obama sustaining tax reductions to help the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Opening Bell Market Monitor: AET, C, AGL, GAS Posted: 07 Dec 2010 02:22 AM PST 12/07/10 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
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| Opening Bell Market Monitor: AET, C, AGL, GAS Posted: 07 Dec 2010 02:22 AM PST 12/07/10 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
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| Fooling Some Of The People All Of The Time Posted: 07 Dec 2010 06:21 AM PST Who is willing to stand up and call out the companies, the financial regulators, and others who both enabled and embodied the practices which brought about our financial crisis?
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| Fooling Some Of The People All Of The Time Posted: 07 Dec 2010 06:21 AM PST Who is willing to stand up and call out the companies, the financial regulators, and others who both enabled and embodied the practices which brought about our financial crisis?
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| Valuation-Informed Indexing #19: Stock Mispricings Are Sticky Posted: 07 Dec 2010 05:35 AM PST by Rob Bennett
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| Posted: 06 Dec 2010 07:28 AM PST The morning news notes as prepared by TL…Obama’s deficit commission, Economist magazine on the Euro, Bernanke on “60 Minutes”, more on Friday’s ugly employment report, hiring in the retail industry is changing, regulators see growing putback risk, and the popularity of Presidents over the past 50 years. “Morning News Notes: December 6, 2010″ click … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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