DailyMarkets.com - Did High Oil Prices Help Cause The 2008 Financial Crisis? Will Surging Oil Prices Soon Spark Another Financial Crisis?

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• Did High Oil Prices Help Cause The 2008 Financial Crisis? Will Surging Oil Prices Soon Spark Another Financial Crisis?
• 2011 Bespoke Roundtable
• Marc Faber Sees 20–30% Correction In Emerging Markets
• For Whom The Bell Tolls
• Oil Prices Set To Move Higher
• Taleb’s Bed Of Aphorisms
• Technical Talk: S&P 500 Has Bullish Bias, But Breadth Deteriorating
• Gold-dispensing ATM Debuts In U.S.
• Laugh Out Loud: We’re Okay With The Partridge, But Golden Rings Will Add To Deficit …
• Gold In Hot Water
• Forex – EUR/USD Down At The End Of U.S. Session
• Forex – GBP/USD Down At The End Of U.S. Session
• Forex – USD/JPY Up At The End Of U.S. Session
• Forex – EUR/USD Down Toward The End Of U.S. Session
• Forex – GBP/USD Down Toward The End Of U.S. Session
• Forex – USD/JPY Up Toward The End Of U.S. Session
• U.S. Markets Mixed At Close; Dow Jones Down 0.06%
• Forex – GBP/USD Down During The U.S. Session
• Forex – USD/CAD Up During The U.S. Session
• Forex – EUR/USD Down During The U.S. Session

Did High Oil Prices Help Cause The 2008 Financial Crisis? Will Surging Oil Prices Soon Spark Another Financial Crisis? Posted: 18 Dec 2010 03:37 AM PST Oil prices are starting to spin out of control once again.  In London, Brent North Sea crude for delivery in February hit 91.89 dollars a barrel on Friday.  New York crude moved above 88 dollars a barrel on Friday.  Many analysts believe that 100 dollar oil is a virtual certainty now.  In fact, many economists are convinced that oil is going to start moving well beyond the 100 dollar mark.  So what happened the last time oil went well above 100 dollars a barrel?  Oh, that’s right, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

2011 Bespoke Roundtable Posted: 18 Dec 2010 12:30 AM PST Bespoke Investment Group has just conducted a roundtable on the outlook for the economy and financial markets by surveying opinions from individuals that run 12 of "the most popular financial blogs/websites". As the writer of the Investment Postcards blog, I am honored to have been included on the list of roundtable participants. Each participant was asked to respond to the same 34 questions regarding their 2011 outlook as well as their take on 2010. To start off the roundtable, Bespoke … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Marc Faber Sees 20–30% Correction In Emerging Markets Posted: 18 Dec 2010 12:29 AM PST Marc Faber, author of the Gloom Boom & Doom Report, is not expecting emerging markets to perform well over the next six months. As a matter of fact, he sees a 20–30% correction as quite likely. (PduP: China, India and Brazil are already down by 8.1%, 5.4% and 6.9% respectively since their November … [visit site to read more] or compare Best Credit Cards and Best CD Rates

For Whom The Bell Tolls Posted: 18 Dec 2010 12:01 AM PST There is an old adage on Wall Street: no one rings a bell to signal a market top or bottom. Yet, I have found that bells do ring; it’s just that few people know exactly what sound to listen for. Perhaps the biggest and most liquid of all markets is for US government bonds. That market has been rallying for almost thirty years. The bull can be traced back to 1981, when Treasury bond yields peaked at about 15%. At that time, high inflation and a weakening dollar had justifiably … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Oil Prices Set To Move Higher Posted: 17 Dec 2010 11:58 PM PST Reflecting improved global growth, crude oil prices have increased strongly since the summer. In the paragraphs below, BCA Research argues further gains are to be expected. "We have highlighted for some while that a rotation strategy throughout the commodity complex was likely, based on macroeconomic conditions: 'First gold, then copper, and finally oil.' Gold typically benefits most from aggressively anti-deflationary liquidity impulses, especially from the U.S., which bring down … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Taleb’s Bed Of Aphorisms Posted: 17 Dec 2010 11:55 PM PST "Black Swan" author Nassim Taleb appeared on CNBC, discussing his new book "The Bed of Procrustes: Philosophical and Practical Aphorisms". Insightful and entertaining … Taleb also did a Bloomberg interview, saying that he was more worried about the crisis in the U.S. than in Europe and that executive compensation on Wall Street was not fully addressed by regulators, causing a "moral … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Technical Talk: S&P 500 Has Bullish Bias, But Breadth Deteriorating Posted: 17 Dec 2010 11:54 PM PST As seen in the chart below, the S&P 500 Index is still above a support zone in the 1,227 to 1,220 area (green lines). On Thursday the Index traded down close to this support near 1,227 and reversed. Kevin Lane, chartist of Fusion IQ, said: "Lately the tape has absorbed some bad news and managed to buckle but not break. This is encouraging. With the Index still above support and its uptrend line from the sum­mer lows (blue line), we have to give the bullish bias the benefit of the doubt … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold-dispensing ATM Debuts In U.S. Posted: 17 Dec 2010 11:53 PM PST Imagine being able to buy some gold just about anywhere. Now a mall in upmarket Boca Raton, Florida, is the first in the U.S. to have a gold dispensing machine. I suspect by the time these machines are al over the world, this may very well serve as a contrarian indicator for gold … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Laugh Out Loud: We’re Okay With The Partridge, But Golden Rings Will Add To Deficit … Posted: 17 Dec 2010 09:59 PM PST … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gold In Hot Water Posted: 17 Dec 2010 09:08 PM PST Life has a funny way of reminding a person that he is not really in control of what is going on around him. While he may be proficient in a few specific areas, his overall knowledge is limited. Last night my hot water heater decided to go on vacation and I thought I'd try to be a real man and fix it. I have a general knowledge of how a hot water heater works, but it dawned on me that knowing how it works and fixing it are two totally separate things. I immediately realized that I was … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down At The End Of U.S. Session Posted: 17 Dec 2010 02:10 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.3190, down 0.41% at time of writing. The pair was likely to find support at 1.3134, today's low, and resistance at 1.3497, Tuesday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.22% to hit 0.8490 and EUR/JPY falling 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down At The End Of U.S. Session Posted: 17 Dec 2010 02:05 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Friday. GBP/USD was trading at 1.5534, down 0.63% at time of writing. The pair was likely to find support at 1.5455, today's low, and resistance at 1.5911, Tuesday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.22% to hit 0.8490 and GBP/JPY falling 0.54% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up At The End Of U.S. Session Posted: 17 Dec 2010 02:00 PM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday. USD/JPY was trading at 83.98, up 0.09% at time of writing. The pair was likely to find support at 82.84, Tuesday's low, and resistance at 84.51, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.41% to hit 1.3190 and GBP/USD falling 0.63% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down Toward The End Of U.S. Session Posted: 17 Dec 2010 01:40 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.3187, down 0.43% at time of writing. The pair was likely to find support at 1.3134, today's low, and resistance at 1.3497, Tuesday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.22% to hit 0.8491 and EUR/JPY falling 0.34% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down Toward The End Of U.S. Session Posted: 17 Dec 2010 01:30 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Friday. GBP/USD was trading at 1.5532, down 0.64% at time of writing. The pair was likely to find support at 1.5455, today's low, and resistance at 1.5911, Tuesday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.21% to hit 0.8490 and GBP/JPY falling 0.63% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up Toward The End Of U.S. Session Posted: 17 Dec 2010 01:20 PM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday. USD/JPY was trading at 83.96, up 0.06% at time of writing. The pair was likely to find support at 82.84, Tuesday's low, and resistance at 84.51, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.46% to hit 1.3183 and GBP/USD falling 0.61% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Markets Mixed At Close; Dow Jones Down 0.06% Posted: 17 Dec 2010 01:10 PM PST Forex Pros – U.S. stocks were mixed after the closing bell on Friday. At the close of U.S. trade, the Dow Jones Industrial Average fell 0.06%, the S&P 500 index gained 0.08%, while the Nasdaq 100 index climbed 0.01%. Meanwhile, across the Atlantic, European stock markets closed lower. France's CAC 40 was down 0.54%; Germany's DAX shed 0.60%; Britain's FTSE 100 declined 0.16%; and the EURO STOXX 50 fell … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down During The U.S. Session Posted: 17 Dec 2010 12:45 PM PST Forex Pros – The British Pound was lower against the U.S. Dollar on Friday. GBP/USD was trading at 1.5516, down 0.75% at time of writing. The pair was likely to find support at 1.5455, today's low, and resistance at 1.5911, Tuesday's high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.25% to hit 0.8493 and GBP/JPY falling 0.69% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Up During The U.S. Session Posted: 17 Dec 2010 12:05 PM PST Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday. USD/CAD was trading at 1.0114, up 0.52% at time of writing. The pair was likely to find support at 1.0003, Wednesday's low, and resistance at 1.0146, today's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.54% to hit 1.3173 and GBP/USD falling 0.78% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The U.S. Session Posted: 17 Dec 2010 11:15 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.3169, down 0.57% at time of writing. The pair was likely to find support at 1.3134, today's low, and resistance at 1.3497, Tuesday's high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.25% to hit 0.8493 and EUR/JPY falling 0.55% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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