Thursday, December 2, 2010

DailyMarkets.com - It Is The Bankers, Not The US Government, Who Have Complete And Total Monopoly On The Creation Of Money In The United States

DailyMarkets.com - It Is The Bankers, Not The US Government, Who Have Complete And Total Monopoly On The Creation Of Money In The United States


It Is The Bankers, Not The US Government, Who Have Complete And Total Monopoly On The Creation Of Money In The United States

Posted: 02 Dec 2010 03:35 AM PST

Where does money come from?  You would think that question should be so simple that any 10-year-old child could answer it, but that is not the case.  You see, the truth is that the vast majority of American adults cannot even answer that question.  Yet we all use money every day.  Without money our lives would fall apart fairly quickly.  But most of us never stop to think about how it comes into existence.  The truth is that bankers are the source of all money in the United … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Trading Plan For Thursday: Baidu, Mosaic, Cirrus Logic, Xyratex, FBL Financial Group

Posted: 02 Dec 2010 03:26 AM PST

We were right about the market rally but once again we were 1 day early. This actually works in our favor since many stocks gapped higher today and we were already in. The fact that we were in our new positions a day early allowed us to catch all of Wednesday’s move.

NEW POSITIONS

We had some powerful moves on Wednesday.

TOR Minerals (NASDAQ:TORM) was up as much as 21% intraday until we put out an email to close ½ of the position with a 1 day 18% gain!

Asia Entertainment & … [visit site to read more] or compare Best Credit Cards and Best CD Rates


US & China PMI Review

Posted: 02 Dec 2010 03:10 AM PST

Both China and the US released their November PMI stats in the past few days, showing relatively strong vitals in both of their manufacturing sectors. Looking first at China, the official PMI rose to 55.2 from 54.7 in October; beyond expectations for 54.8. The HSBC Markit index rose to an 8 month high of 55.3 from 54.8 in October. The standouts in the sub-indices were Production (58.5 vs 57.1), Supplier Delivery (48.9 vs 49.3), New Orders was basically flat, but still strong (58.3 vs … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Forex Trading: Eurozone Revised GDP & PPI

Posted: 02 Dec 2010 02:03 AM PST

EZ GDP q/q matches estimate of 0.4%.
PPI m/m came in at 0.4%, inline with estimates.
Eur/Usd remains at … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Stock Market Seasonality Points To A Good December

Posted: 02 Dec 2010 01:07 AM PST

The first trading day of December was off to a running start, with global stock markets gaining strongly yesterday on positive developments in Europe and upbeat economic data. As a matter of fact, American bourses experienced a so-called 90% up-day. (A 90% up-day is defined as a day when upside volume equals 90% or more of the total upside plus downside volume and points gained equal 90% or more of the total points gained plus points lost.) Market breadth was excellent, with many indices … [visit site to read more] or compare Best Credit Cards and Best CD Rates


El-Erian On The EU Debt Crisis And Where To Invest

Posted: 02 Dec 2010 01:05 AM PST

"The first rule of crisis management hasn't been met by the Europeans, and that is to get ahead of the crisis, be seen as proactive rather than reactive," said Mohamed El-Erian, CEO and co-CIO of PIMCO. "As long as they're being seen as reactive we're going to have a slow-motion wreck going on on in Europe. We're going to wake up and it's going to be a new country we're talking about."
El-Erian said investors ought to be looking for opportunities to buy non-European debt … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Nigel Farage Throws Egg In Eurocrat Faces: “Who The Hell You Think You Are?”

Posted: 02 Dec 2010 01:01 AM PST

British politician and the leader of the UK Independence Party (UKIP) Nigel Farage has slammed EU bosses over European crisis. "It's even more serious than economics because if you rob people of their identity, if you rob them of their democracy, then all they are left with is nationalism and violence. I can only hope and pray that the Euro project is destroyed by the markets before that," Farage … [visit site to read more] or compare Best Credit Cards and Best CD Rates


“U.S. Needs To Make Things, Not Paper,” Says Gross

Posted: 02 Dec 2010 12:59 AM PST

Bill Gross, co-founder and co-CIO of PIMCO, is to my mind one of the shrewdest money men around. His monthly Investment Outlook newsletter therefore always makes for thought-provoking reading.
The following are a few excerpts from the December report:
"The global economy is suffering from a lack of aggregate demand. With insufficient demand, nations compete furiously for their share of the diminishing growth pie.
"In the U.S. and Euroland, many policies only temporarily bolster consumption … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Charles Nenner’s Predictions For 2011

Posted: 02 Dec 2010 12:55 AM PST

Market commentator Charles Nenner, head of research at the Charles Nenner Research Center, shares his predictions for … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Laugh Out Loud: WikiLeaks …

Posted: 02 Dec 2010 12:46 AM PST

Laugh Out Loud: Ireland – Missing The Pot O’ Gold

Posted: 02 Dec 2010 12:45 AM PST

South African PMI Shows Continued Improvement

Posted: 02 Dec 2010 12:40 AM PST

By André Coetzee of Kagiso Securities.
The seasonally adjusted Kagiso PMI bounced back in November, rising by just more than 3 index points to reach 52.9. The November gain followed two consecutive months of below 50 readings that suggested factory output was contracting.
The business activity index, which already moved higher in October following strike-induced declines during August and September, posted a robust gain of 6.1 index points to reach 54.8 in November. One has to go back to … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bear Of The Day: SurModics, Inc. (SRDX)

Posted: 01 Dec 2010 11:05 PM PST

We are downgrading SurModics Inc. (NASDAQ:SRDX) to Underperform from Neutral following its disappointing showing in the final quarter of fiscal 2010. The company missed Zacks Consensus Estimates both in terms of revenues and earnings.
The below-par showing was attributable to the sharp decline in revenues across all segments. We have also trimmed our estimates following the lackluster showing. Surmodics decided to trim its workforce and implement an organizational restructuring in order to serve its … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bull Of The Day: Guess? Inc. (GES)

Posted: 01 Dec 2010 11:05 PM PST

Guess? Inc. (NYSE:GES) reported better-than-expected results for the first nine months of fiscal 2011, thanks to strong North American sales, operating cost controls and smart inventory management.
In addition, the company’s strong cost-control efforts also helped it maintain a lower operating cost structure which in turn helped it navigate through the difficult economic conditions. Management also issued optimistic guidance for the fourth quarter and for fiscal year 2010.
Confident about its … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Aggressive Growth Stock: Gulf Resources Inc

Posted: 01 Dec 2010 11:05 PM PST

Gulf Resources Inc (GFRE) recently announced great results and went on to raise guidance, thanks to improving demand and higher pricing.
This Zacks #1 Rank (Strong Buy) has great growth potential but is still trading with very cheap valuations.
Company Description
Gulf Resources owns 2 chemical companies in China. The companies make chemical products for several different industries, including agriculture, oil & gas exploration and papermaking.
Revenue Jumps 62%
On Nov 15 Gulf Resources … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Growth & Income Stock: Cracker Barrel Old Country Store, Inc.

Posted: 01 Dec 2010 11:05 PM PST

Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) recently delivered a 10% earnings beat as a modest increase in same-store sales led to a significant increase in income thanks to relatively high operating leverage. It was the company’s 9th consecutive positive earnings surprise.
Higher commodity costs are expected to persist and will put pressure on Cracker Barrel’s margins. Despite this, management reiterated its EPS guidance for 2011. Meanwhile, analysts continue to revise their estimates … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Momentum Stock: Foot Locker, Inc.

Posted: 01 Dec 2010 11:05 PM PST

Foot Locker, Inc. (NYSE:FL) recently jumped to a new multi-year high after reporting an impressive 94% Q3 earnings surprise in mid November. With an average earnings surprise of 51% over the last three quarters and a bullish growth projection, this Zacks #1 rank stocks scores more than a few points for team momentum.
Company Description
Foot Locker, Inc. operates as a retailer of athletic footwear and apparel worldwide. The company was founded in 1891 and has a market cap of $2.98 billion.
Shoe … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Crude Oil Surges On Strong Economic Data, Gold Edges Higher Ahead Of ECB Rate Decision

Posted: 01 Dec 2010 10:28 PM PST

Commodities – Energy
Crude Oil Surges on Strong Economic Data
Crude Oil (WTI) – $86.68 // $0.07 // 0.08%
Commentary: Crude oil surged $2.64, or 3.14%, to settle at $86.75 on Wednesday. The latest move was sparked by a host of factors that led to rising risk appetite across financial markets. We saw U.S. equity markets rally 1.64% on the session.
The positive news flow began with the Chinese Manufacturing PMI last night. The index came in at 55.2, a steady increase from the 54.8 reading in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates


The U.S. Stock Market, Gold, Oil & The Banks – What A Conundrum

Posted: 01 Dec 2010 09:08 PM PST

Sellers were in control most of the trading session on Tuesday, however an overnight buying surge pushed the S&P 500 back up to overhead resistance as the directional battle raged on between the bulls and the bears. For over a week we have had relatively choppy trading as the S&P 500 has remained in a tight range between the 20 and 50 period moving averages. By the open Wednesday, the U.S. financial markets demonstrated their resiliency yet again. It is critical to note that we … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Three ETFs To Play Rising Grain Prices

Posted: 01 Dec 2010 08:17 PM PST

Heavy rain in Australia and dry weather in the US are expected to take its toll on global grain production, pushing prices up and providing positive support to the iPath DJ-UBS Grains TR Sub-Idx ETN (JJG), the ELEMENTS MLCX Grains Index TR ETN (GRU) and the PowerShares DB Agriculture Fund (DBA).
To further add to grain's appeal, the supply and demand imbalances of global grains are expected to widen as competition amongst major crops for limited acreage amplifies, weather conditions … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Bullish & Bearish Stocks Options Flow: Bank Of America, Tiffany, Hartford, Financial Select Sector SPDR, Corning, Dana, BMC Software

Posted: 01 Dec 2010 07:42 PM PST

This was an incredibly strong day across the board — Financial Select Sector SPDR (XLF) had explosive segments. Plus there was a lot of rumor about the support, or not, by the Fed for the IMF. While this is not confirmed, at this stage this is that headline or emotion risk/catalyst. But if we look at the technicals in Finance, the markets are telling us that based on this price action, the trend has turned with significance — Bullish engulfing on 11-30 then broke above $14.50. If this … [visit site to read more] or compare Best Credit Cards and Best CD Rates


How Did FINRA Know The ARS Market Was Failing Well Before 2007?

Posted: 01 Dec 2010 07:24 PM PST

If you knew a market was starting to fail, would you step in and purchase that asset?
If that market were failing but simultaneously was being propped up by underwriters, do you believe regulators should protect you?
If that market were failing and a regulator charged with protecting you actually dumped some of those failing assets from its own portfolio, how would you feel?
To me the key to all these questions stems from when the market started to fail and to what extent it was failing. … [visit site to read more] or compare Best Credit Cards and Best CD Rates


Spin…or Reality?

Posted: 01 Dec 2010 06:35 PM PST

Here’s what one media outlet had to say about today’s jobs market report from Automatic Data Procecessing –
“Small Business ‘Surge’ in Hiring – ADP” (CNNMoney.com)
The nation’s engine of job growth is revving up: small businesses were responsible for 58% of the private sector hiring in November, according to a report released Wednesday.
Private sector employers added 93,000 jobs overall last month, and businesses with fewer than 50 employees added 54,000 of those jobs, far outdoing their … [visit site to read more] or compare Best Credit Cards and Best CD Rates


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