DailyMarkets.com - Municipal Bond Market Crash 2011: Are Dozens Of State And Local Governments About To Default On Their Debts?
DailyMarkets.com - Municipal Bond Market Crash 2011: Are Dozens Of State And Local Governments About To Default On Their Debts? |
- Municipal Bond Market Crash 2011: Are Dozens Of State And Local Governments About To Default On Their Debts?
- Stocks To Watch On Wednesday: Adobe, Nike, Microsoft, Dell, Cintas, Rio Tinto, Nokia, Deutsche Bank, BBVA
- Forex – Dollar Broadly Lower Against Major Rivals As Treasury Yields Fall
- Forex – NZD/USD Falls To Daily Low After Downbeat N.Z. Data
- U.K. GDP Rises Less-than-expected
- U.K. Current Account Balance Falls More-than-expected
- Forex – AUD/USD Re-approaches Parity In Thin Volatile Trade
- Forex – GBP/USD Trades In Tight Range As U.K. Economic Data Eyed
- Asian Markets Mixed At Close; Nikkei Down 0.23%
- Forex – EUR/USD Hits Daily High As U.S. Treasury Yields Retreat
- Forex Trading: Concerns Of Another Credit Cut Weakens The Euro Vs. The Dollar
- Growth & Income Stock: Joy Global Inc.
- Momentum Stock: Dollar Tree, Inc.
- Bear Of The Day: FTI Consulting (FCN)
- Bull Of The Day: The Cooper Companies (COO)
- Aggressive Growth Stock: Spreadtrum Communications
- InvestingThesis Gift Guide 2010
- DMCI: Calm Before Another Bullish Storm?
- Australian Dollar: Bullish Bias Above 9825
- Canadian Dollar: Rebound In Sight
- Forex – EUR/USD Up During The Asian Session
- Uranium Stocks To Watch Out For
- Forex – EUR/JPY Up On Economic Data
- Forex – GBP/USD Up During The Asian Session
- Stock Market & ETF News Update: A Busy Day Saving The World (SPY, DIA, UUP, TLT, VIX)
- Crude Moves Toward $90 As Equities Rally, Gold Little Changed But Trend Intact
- Forex – USD/CHF Down During The Asian Session
- Forex – EUR/GBP Up During The Asian Session
- Phoenix Petroleum To Follow Petron’s Footsteps?
- Forex – USD/JPY Up During The Asian Session
- Two ETFs To Play Coal’s Appeal
- Forex – USD/CAD Up During The Asian Session
- World Stock Market Rally To Pre-Lehman Levels
- Forex – AUD/USD Down During The Asian Session
- Forex – EUR/USD Up During The Asian Session
- Singapore Stock Market Update For Wednesday 22 December
- Forex – EUR/JPY Up During The Asian Session
- Fed’s Bullard: Full Of Self-Contradictions
- Hedge Fund Commoditization
| Posted: 22 Dec 2010 03:35 AM PST In the United States, it is not just the federal government that has a horrific debt problem. Today, state and local governments across America are collectively deeper in debt than they ever have been before. In fact, state and local government debt is now sitting at an all-time high of 22 percent of U.S. GDP. Once upon a time, municipal bonds (used to fund such things as roads, sewer systems and government buildings) were viewed as incredibly safe investments. They were … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 22 Dec 2010 03:13 AM PST Rio Tinto (NYSE:RIO) – Co. is finalising a USD 3.8bln takeover bid for Africa-focused Riversdale, according to sources. (RTRS) UK BT – Ofcom has issued a statement of objections to co. arguing that the telco has infringed competition law in relation to the pricing of its Wholesale Calls product between July 2008 and April 2009. (Sources) US Stocks finished-off session highs after benefiting from an easing of tensions in the Korea Peninsula. Financials and basic materials lead … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – Dollar Broadly Lower Against Major Rivals As Treasury Yields Fall Posted: 22 Dec 2010 02:04 AM PST Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Wednesday, as U.S. Treasury yields fell to a 1-week low after the Federal Reserve completed a fresh round of Treasury purchases. During European morning trade, the greenback was down against the euro, with EUR/USD jumping 0.48% to hit 1.3163. Earlier in the day, data showed that German import prices rose more-than-expected in November, rising to a 26-month high. But the greenback was up against the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – NZD/USD Falls To Daily Low After Downbeat N.Z. Data Posted: 22 Dec 2010 01:41 AM PST Forex Pros – New Zealand's dollar fell for the first time in three days against its U.S. counterpart on Wednesday, falling to daily low, after official data showed that New Zealand's current account deficit widened in the third quarter. NZD/USD hit 0.7408 during early European trade, a daily low; the pair subsequently consolidated at 0.7432, shedding 0.09%. The pair was likely to find support at 0.7345, the low of December 20, and resistance at 0.7482, Tuesday's high. Earlier in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.K. GDP Rises Less-than-expected Posted: 22 Dec 2010 01:40 AM PST U.K.'s gross domestic product rose less-than-expected in the last quarter, official data showed on Wednesday. In a report, the U.K. Office for National Statistics said that GDP rose to 0.70%, from 1.20% in the preceding quarter. Analysts had expected U.K.'s gross domestic product to rise 0.80% in the last … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| U.K. Current Account Balance Falls More-than-expected Posted: 22 Dec 2010 01:35 AM PST The U.K. current account balance fell more-than-expected last month, official data showed on Wednesday. In a report, National Statistics said that U.K. current account balance fell to a seasonally adjusted -9.60B, from -5.20B in the preceding month whose figure was revised up from -7.40B. Analysts had expected U.K. current account balance to fall -7.50B last … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Re-approaches Parity In Thin Volatile Trade Posted: 22 Dec 2010 01:21 AM PST Forex Pros – The Australian dollar was slightly higher against its U.S. counterpart on Wednesday, moving closer to parity as trade remained choppy ahead of the holiday season. AUD/USD hit 0.9988 during early European trade, a daily high; the pair subsequently consolidated at 0.9981, edging up 0.02%. The pair was likely to find support at 0.9914, Tuesday's low, and resistance at 1.0027, the high of December 14. Earlier in the day, the Westpac-Melbourne Institute leading index for … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Trades In Tight Range As U.K. Economic Data Eyed Posted: 22 Dec 2010 12:14 AM PST Forex Pros – The pound fluctuated between gains and losses against the U.S. dollar on Wednesday as trade remained volatile in the run up to the year end, while investors awaited the release of key U.K. economic data. GBP/USD hit 1.5494 during late Asian trade, a daily high; the pair subsequently consolidated at 1.5475, easing up 0.02%. The pair was likely to find support at 1.5435, Tuesday's low and the pair's lowest since September 14, and resistance at 1.5567, … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Asian Markets Mixed At Close; Nikkei Down 0.23% Posted: 21 Dec 2010 11:45 PM PST Forex Pros – Asian stocks were mixed after the closing bell on Wednesday. At the close of Asian trade, Japan's Nikkei 225 index fell 0.23%, Australia's S&P/ASX 200 index gained 0.14%, while Hong Kong's Hang Seng Index was trading 0.15% up. Meanwhile, the outlook for U.S. equity markets was mixed. Dow Jones Industrial Average futures indicated a loss of 0.01%, S&P 500 futures pointed to an increase of 0.08% and Nasdaq 100 futures indicated a fall of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/USD Hits Daily High As U.S. Treasury Yields Retreat Posted: 21 Dec 2010 11:41 PM PST Forex Pros – The euro rebounded from a 3-week low against the U.S. dollar on Wednesday in thin pre-holiday trade, as U.S. Treasury yields fell to a 1-week low after the Federal Reserve completed a fresh round of Treasury purchases. EUR/USD hit 1.3149 during late Asian trade, a daily high; the pair subsequently consolidated at 1.3135, jumping 0.26%. The pair was likely to find support at 1.3059, the low of December 2, and resistance at 1.3358, the high of December 17. On … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex Trading: Concerns Of Another Credit Cut Weakens The Euro Vs. The Dollar Posted: 21 Dec 2010 11:20 PM PST Concerns Of Another Credit Cut Weakens The Euro Vs. The Dollar
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| Growth & Income Stock: Joy Global Inc. Posted: 21 Dec 2010 11:05 PM PST Joy Global Inc. (NASDAQ:JOYG) recently delivered its 9th consecutive positive earnings surprise on strong overseas sales growth.
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| Momentum Stock: Dollar Tree, Inc. Posted: 21 Dec 2010 11:05 PM PST Dollar Tree, Inc. (NASDAQ:DLTR) continues to trade near its multi-year high at $57.06 on the heels of a solid Q3 earnings surprise of 18%. With consumers still flocking to discount retailers in the shaky economic recovery, this Zacks #1 rank stock has momentum to spare.
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| Bear Of The Day: FTI Consulting (FCN) Posted: 21 Dec 2010 11:05 PM PST FTI Consulting’s (NYSE:FCN) third quarter 2010 earnings were below the Zacks Consensus Estimate. The company’s corporate/restructuring segment remains a drag on its growth due to softer trend in restructuring activities and a slowdown in new cases.
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| Bull Of The Day: The Cooper Companies (COO) Posted: 21 Dec 2010 11:05 PM PST We maintain our Outperform rating on eye-care and surgical products maker The Cooper Companies (NYSE:COO). The company’s fourth-quarter and fiscal 2010 revenues and earnings both beat the Zacks Consensus Estimates, boosted by healthy growth across the board.
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| Aggressive Growth Stock: Spreadtrum Communications Posted: 21 Dec 2010 11:05 PM PST Spreadtrum Communications (NASDAQ:SPRD) keeps setting multi-year highs thanks to continuously rising earnings estimates.
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| InvestingThesis Gift Guide 2010 Posted: 21 Dec 2010 11:02 PM PST Merry Christmas & a Wonderful New Years from InvestingThesis.com Happy Holidays Everyone.
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| DMCI: Calm Before Another Bullish Storm? Posted: 21 Dec 2010 10:52 PM PST Shareholders of the DMCI Holdings, Inc. or DMC in the Philippine Stock Exchange must have been partying all season long because of the unbelievable performance of the stock. Imagine, DMC only started trading at below PHP 10.00 in January 2010. And before you know it, DMC shares already reached a high of PHP 41.00 last November. Incredible! Anyway, after reaching the said high, DMC appears to have lost its upward momentum and has been trading flat ever since. Are shareholders just cashing their … [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: 21 Dec 2010 10:21 PM 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: 21 Dec 2010 10:21 PM 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 – EUR/USD Up During The Asian Session Posted: 21 Dec 2010 10:10 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3139, up 0.30% at time of writing. The pair was likely to find support at 1.3074, Tuesday'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 0.20% to hit 0.8485 and EUR/JPY rising 0.30% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Uranium Stocks To Watch Out For Posted: 21 Dec 2010 09:56 PM PST Rodman & Renshaw Senior Analyst Alka Singh follows the entire mining sector, including uranium. Though just a year ago the uranium sector was considered stalled and possibly moribund, she finds undervalued stocks for her clientele that includes both small and large institutional investors. In this exclusive interview with The Energy Report, Alka generously shares some names for growth that investors might consider to take advantage of burgeoning energy demand that will surely include … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/JPY Up On Economic Data Posted: 21 Dec 2010 09:40 PM PST Forex Pros – The Euro was higher against the Japanese Yen on Wednesday after the release of Japanese data on Trade Balance. EUR/JPY was trading at 109.97, up 0.23% at time of writing. The pair was likely to find support at 109.57, Tuesday's low, and resistance at 111.94, Friday's high. Earlier in the day, official data showed that Japan's trade balance rose less-than-expected to a seasonally adjusted 0.43T last month, from 0.58T in the preceding month. Analysts had expected Japan's … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – GBP/USD Up During The Asian Session Posted: 21 Dec 2010 09:25 PM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Wednesday. GBP/USD was trading at 1.5476, up 0.03% at time of writing. The pair was likely to find support at 1.5436, Tuesday'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 0.17% to hit 0.8482 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: A Busy Day Saving The World (SPY, DIA, UUP, TLT, VIX) Posted: 21 Dec 2010 09:14 PM PST The Federal Reserve had a busy day saving the world today as they bought more than $9 Billion of assets in their ongoing Permanent Open Market Operations and extended the temporary, emergency dollar swap lines with the European Cental Bank, Japan, Switzerland, Canada and the Britain. This action appears to be in response to ongoing strain in Europe as Fitch Ratings announced they might reduce Greece's credit status to below investment grade and Moody's is considering a downgrade … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Crude Moves Toward $90 As Equities Rally, Gold Little Changed But Trend Intact Posted: 21 Dec 2010 08:51 PM PST Commodities – Energy
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| Forex – USD/CHF Down During The Asian Session Posted: 21 Dec 2010 08:50 PM PST Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Wednesday. USD/CHF was trading at 0.9575, down 0.05% at time of writing. The pair was likely to find support at 0.9558, Friday's low, and resistance at 0.9720, Monday's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 0.29% to hit 1.3138 and USD/JPY rising 0.01% to hit … [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: 21 Dec 2010 08:20 PM PST Forex Pros – The Euro was higher against the British Pound on Wednesday. EUR/GBP was trading at 0.8484, up 0.19% 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 0.26% to hit 1.3134 and EUR/JPY rising 0.27% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Phoenix Petroleum To Follow Petron’s Footsteps? Posted: 21 Dec 2010 08:11 PM PST The last two months has been very good for the oil stocks of the Philippine Stock Exchange, particularly Phoenix Petroleum and Petron Corporation. Petron has exploded from a low of about 6.80 in November 2010 to a high of 17.40 in today's trading, forming a pennant pattern on its way. Anyway, that's a gain of more than 250% in less than two months! Wow. Similarly, Phoenix has risen from 7.00 to a high of 13.80 during the same time frame. After reaching the said high, PNX, however, has … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – USD/JPY Up During The Asian Session Posted: 21 Dec 2010 07:40 PM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Wednesday. USD/JPY was trading at 83.77, up 0.03% at time of writing. The pair was likely to find support at 83.50, Tuesday's low, and resistance at 84.20, Friday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.24% to hit 1.3131 and GBP/USD rising 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Two ETFs To Play Coal’s Appeal Posted: 21 Dec 2010 07:18 PM PST Over the last year coal has been performing well as economies around the world continue to expand and demand for global energy continues to rise. As for the future of the commodity, both microeconomic and macroeconomic factors suggest that the commodity will likely continue to remain hot.
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| Forex – USD/CAD Up During The Asian Session Posted: 21 Dec 2010 07:10 PM PST Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Wednesday. USD/CAD was trading at 1.0172, up 0.01% at time of writing. The pair was likely to find support at 1.0038, Friday's low, and resistance at 1.0209, Monday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.26% to hit 1.3134 and GBP/USD rising 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| World Stock Market Rally To Pre-Lehman Levels Posted: 21 Dec 2010 06:52 PM PST The Morgan Stanley Capital International (MSCI) World Stock Market Index reached a 27-month high today of 1271.278. This was the highest closing index value for world stock markets since September 19, 2008 in the wake of Lehman Brothers’ filing for bankruptcy, and the subsequent financial meltdown caused a precipitous drop in the MSCI World Index to below 700 by March 2009 (see chart). It’s a significant milestone that world stock markets have now returned to their pre-Lehman … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – AUD/USD Down During The Asian Session Posted: 21 Dec 2010 06:30 PM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Wednesday. AUD/USD was trading at 0.9963, down 0.16% at time of writing. The pair was likely to find support at 0.9841, Friday's low, and resistance at 0.9993, Tuesday's high. Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.38% to hit 1.3180 and AUD/JPY falling 0.17% to hit … [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: 21 Dec 2010 06:05 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday. EUR/USD was trading at 1.3121, up 0.16% at time of writing. The pair was likely to find support at 1.3074, Tuesday'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 0.14% to hit 0.8480 and EUR/JPY rising 0.23% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Singapore Stock Market Update For Wednesday 22 December Posted: 21 Dec 2010 05:40 PM PST Morning Highlights Singapore market starts to trade higher after Wall Street rise, with STI up 16 points to 3157.83… U.S Annualised GDP (3Q) U.S Existing Home Sales (Nov) Corporate Announcements Sembcorp Marine's subsidiary, Jurong Shipyard secured US$400 million contract to build two premium jackup rigs with options for another four rigs from … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Forex – EUR/JPY Up During The Asian Session Posted: 21 Dec 2010 05:35 PM PST Forex Pros – The Euro was higher against the Japanese Yen on Wednesday. EUR/JPY was trading at 109.97, up 0.23% at time of writing. The pair was likely to find support at 109.57, Tuesday's low, and resistance at 111.94, Friday's high. Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.18% to hit 1.3124 and EUR/GBP rising 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Fed’s Bullard: Full Of Self-Contradictions Posted: 21 Dec 2010 05:32 PM PST James Bullard, President of the Federal Reserve Bank of St. Louis was on CNBC Monday, December 20, 2010 mostly defending the Fed's controversial $600 billion Treasury purchasing program (QE2) announced in Nov. What struck me as totally self-contradictory were Bullard's statements regarding the QE2, treasury yield, inflation expectations, and inflation, which I will outline and rebuff below. Bullard – Higher Treasury Yield = QE2 Success During the interview, aside from the usual Fed … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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| Posted: 21 Dec 2010 12:44 AM PST I see that HFRX is now listing their HFRX Global Hedge Fund Index as an ETF: The UBS ETFs plc – HFRX Global Hedge Fund Index SF-I was listed on the Deutsche Boerse Exchange on 3 December 2010 (symbol UIQG). The "SF-I" … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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