Wednesday, January 12, 2011

DailyMarkets.com - Should You Co-sign For Your Kid’s Credit Card?

DailyMarkets.com - Should You Co-sign For Your Kid’s Credit Card?

Should You Co-sign For Your Kid’s Credit Card?

Posted: 12 Jan 2011 07:35 AM PST

Getting a credit card for your child who’s still in college might not seem like the smartest idea out there by some parents who think their kids will most likely get into debt.

Before you demonize credit cards in general, look at the facts.

Your Credit History Is Vital

In the US, you need credit for nearly everything once you are an adult and dealing with the real world. Credit cards help people build a credit history, which is essential if you want to get mortgage, auto or business … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Australian Dollar: Caution

Posted: 12 Jan 2011 07:31 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian Dollar: Under Pressure

Posted: 12 Jan 2011 07:31 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Opening Bell Market Monitor: AIG, ITT, STJ

Posted: 12 Jan 2011 07:29 AM PST

01/12/10 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

BP Beats Rumaila Target

Posted: 12 Jan 2011 07:27 AM PST

BP Plc (NYSE:BP) and its partner China National Petroleum Corp. ("CNPC") have surpassed their initial production rate of 1.066 million barrels per day (MMbpd) by more than 10% on a rise in output from the Rumaila oilfield in Iraq. The growth was driven by continued focus on increasing oil production from existing wells, new wells that came on stream and an unperturbed flowline.
In 2009, a consortium, comprising BP (38%), China’s state-owned CNPC (37%) and Iraq’s State Oil Marketing … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Arch Coal Snips Guidance

Posted: 12 Jan 2011 07:27 AM PST

Coal producer Arch Coal Inc. (NYSE:ACI) lowered its earnings expectation for 2010 due to lower shipment levels and geological challenges impacting its Mountain Laurel operation.
The company presently expects its operating earnings per share for 2010 in the range of $1.11–$1.15, down from the previous guidance of $1.25–$140 provided during the third quarter 2010 earnings release.
Earnings per share, on a GAAP basis, for 2010 are expected in the range of 94 cents – 98 cents, down from the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Plexus Corp.

Posted: 12 Jan 2011 07:27 AM PST

A leading provider of electronic manufacturing services, Plexus Corp. (NASDAQ:PLXS), is scheduled to release its first quarter 2011 results on January 19, 2011, after market close.
Since the release of fourth quarter 2010 results, Plexus shares have fallen 9.0%. However, Plexus' fourth quarter 2010 results beat the Zacks Consensus Estimate and were above management's own expectation.
Despite upbeat results, management remained apprehensive about results for the first half of 2011, which are … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Levels And Outlooks 1.12.2011 – GBP/JPY EUR/JPY EUR/GBP

Posted: 12 Jan 2011 07:15 AM PST

GBP/JPY Breaks Outlof Flag Pattern
Resistance 1: 131.00 and declining trendline just above 131.00
R2: 131.70 R3: 133.00
Support 1: 128.50; S2: 128.00; S2: 127-127.35

- The GBP/JPY broke out of the flat correction pattern, and is now breaking above a smaller flag pattern on its way to 131.00 and the declining trendline.
- The bullish scenario can extend further to 1.33, if it break above 131.70.
- The bearish scenario it tucked away until the 1H chart shows the RSI breaking below 40 and price … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Economic Freedom Is Advancing Around The World

Posted: 12 Jan 2011 07:11 AM PST

The Heritage Foundation and WSJ released the 2011 Index of Economic Freedom today.  Here’s the Top Ten (U.S. ranks #9, with a slight drop from last year’s index level).  From the Executive Summary:

“Economic freedom advanced this year, regaining much of the momentum lost during the fiscal crisis and global recession. Many governments around the world have rededicated themselves to fiscal soundness, openness and reform, and the majority of countries are once again on a positive path … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stocks To Know For Wednesday: Bank Of America, Chevron, Verizon, JPMorgan, Lennar, Schlumberger, Sears

Posted: 12 Jan 2011 07:04 AM PST

International Markets set the tone for the US Tuesday and we spent most of the day in positive territory.

We had a brief mid-day wobble shortly after the treasury auction.  The S&P Future sold off 8 points within an hour, but we recovered most of that by the close.  Retailers Sears (NASDAQ:SHLD) profit forecast and homebuilder Lennar Corp.'s (NYSE:LEN) earnings beat estimates, while higher oil prices boosted energy shares. Chevron Corp. (NYSE:CVX) and Schlumberger Ltd. (NYSE:SLB) gained more … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Stocks Rise As Banks Surge; Dow Jones Up 0.52%

Posted: 12 Jan 2011 06:55 AM PST

Forex Pros – U.S. stocks were up after the open on Wednesday, as shares in the financial sector were broadly higher and as market sentiment was boosted after Portugal completed a successful bond sale. 

During early U.S. trade, the Dow Jones Industrial Average jumped 0.52%; the S&P 500 index gained 0.55%, while the Nasdaq Composite index was up 0.18%.

Earlier in the day, Portugal sold the maximum amount of EUR1.25 billion bonds at auction. The country's government debt agency said … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Prices To Fuel Chevron

Posted: 12 Jan 2011 06:35 AM PST

U.S.energy behemoth Chevron Corp. (CVX) released its fourth-quarter 2010 interim update, covering the first 2 months of the quarter. On the whole, the update is on the bullish side, with earnings expected to be higher than the previous quarter.
The company expects results to be buoyed by a rise in crude prices and robust demand. The San Ramon, California-based integrated major further informed that fourth quarter refining and chemicals results would reflect the $400 million gain from the sale … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market News Briefs: AK Steel Holding, American International Group, Boeing Company, Carnival, Cleveland-Cliffs, General Electric Company, Goldman Sachs Group, ITT Industries, J P Morgan Chase & Co, UBS AG, Verizon Communications

Posted: 12 Jan 2011 06:35 AM PST

 JP Morgan (NYSE:JPM) has downgraded Goldman Sachs (NYSE:GS) from “overweight” to “neutral” rating because of valuation concerns, setting a target price of $175

 AIG (NYSE:AIG) has planned  to sell off its Taiwan life insurance unit for $2.16 billion

 Cliffs Natural Resources (NYSE:CLF) has agreed to pay $4.95 billion for Consolidated Thompson Iron Mines

 ITT (NYSE:ITT) has announced plans to break up into three publicly-traded companies

 JP Morgan (NYSE:JPM) CEO Jamie … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Hits 4-day High As Risk Aversion Eases

Posted: 12 Jan 2011 06:33 AM PST

Forex Pros – The euro moved higher against the yen on Wednesday, rising to a fresh four day high as risk aversion eased after Portugal sold the maximum EUR1.25 billion of bonds, easing concerns over the euro zone's sovereign debt crisis.

EUR/JPY hit 108.74 during European late afternoon trade, the pair's highest since January 6; the pair subsequently consolidated at 108.7, surging 0.64%.

The pair was likely to find support at 107.04, Tuesday's low and resistance at 109.64, the high of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Levels And Outlooks 1.12.2011 – EUR/USD GBP/USD USD/JPY

Posted: 12 Jan 2011 06:30 AM PST

EUR/USD Pushing towards 1.3010 in Corrective RallyResistance 1: 1.30-1.3010(23.6% retracement – cracked) ; R2: 1.3050
Support 1: 1.2875; S2, 1.28

- The EUR/USD is still consolidating
- It did reach, and crack the 1.3010 level. There was an initial engulfing candle that was immediate retraced more than 61.8%. The correction rally looks like it will be heading towards the 1.3050 pivot.
- This rally is not a convincing rally, and suggests it is a correction rally, so continue to wait for a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Moves Toward The High For The Day

Posted: 12 Jan 2011 06:28 AM PST

The past three days have seen a less than 100 pips for the EURUSD. Today the low to high trading range is 93 pips. This is unusual and suggests a market that is coiling. A move above the high for the day has the potential to scoot, with 1.3070 being the key 200 day MA and 1.3087 also a target. This is the 38.2% retracement of the 2011 trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Franc: Under Pressure

Posted: 12 Jan 2011 06:18 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Japanese Yen: Under Pressure

Posted: 12 Jan 2011 06:18 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

British Pound: Rebound

Posted: 12 Jan 2011 06:18 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro: The Upside Prevails

Posted: 12 Jan 2011 06:18 AM PST

Update on supports and resistances. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Tumbles To 31-month Low As Crude Oil Prices Rally

Posted: 12 Jan 2011 06:06 AM PST

Forex Pros – The U.S. dollar was down against its Canadian counterpart for the second consecutive day on Wednesday, tumbling to a 31-month low, as crude oil, Canada's largest export rallied.

USD/CAD hit 0.9848 during European late afternoon trade, the pair's lowest since May 29, 2008; the pair subsequently consolidated at 0.9857, shedding 0.45%.

The pair was likely to find short-term support at 0.9823, the low of May 29, 2008 and resistance at 0.9949, Tuesday's high.

Earlier in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AMAG Announces Preliminary Results

Posted: 12 Jan 2011 06:05 AM PST

AMAG Pharmaceuticals (NASDAQ:AMAG) recently discussed its preliminary fourth quarter results and provided guidance for 2011. AMAG also discussed its plans for expanding commercialization of Feraheme. Feraheme is an intravenous (IV) therapy for the treatment of iron deficiency anemia (IDA) in patients with chronic kidney disease (CKD). The drug can be used by patients irrespective of dialysis.
2010 Preliminary Results
AMAG expects to report total revenue of $16.5 million to $17.5 million in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

JOLTS: Jobs Slip But Up 32% Year Over Year

Posted: 12 Jan 2011 06:05 AM PST

On Friday, we got the big employment report for December. It showed that a net of 103,000 jobs were created in the economy (for much more detail see: “Details on Employment Report”). However, that is a very small fraction of the total number of jobs that were actually created. It subtracts out the number of jobs that were also destroyed in the month.
In any economic environment, there will always be jobs being created and jobs being lost. The difference between them is what gets the headlines. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

UCB’s Progress On-Track

Posted: 12 Jan 2011 06:05 AM PST

UCB (UCBJF) recently provided an update on its pipeline progress during the fourth quarter of 2010.
Brivaracetam
The company announced the initiation of a late-stage trial of brivaracetam in December 2010. The candidate is being studied as an adjunctive therapy in the treatment of partial onset seizures in adults with epilepsy. The trial will evaluate the efficacy and safety of brivaracetam 100 mg/day and 200 mg/day on seizure frequency. UCB plans to report topline data from the trial in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Exelon Unit Issues $600M Debt

Posted: 12 Jan 2011 06:05 AM PST

Utility services company, Exelon Corporation (NYSE:EXC), announced that its unit Commonwealth Edison Company (ComEd) sold $600 million of First Mortgage Bonds. The bonds will mature on January 15, 2014, with an interest of 1.625%.
ComEd will utilize the net proceeds from the issue to contribute in Exelon Corporation sponsored pension plans. The pension contribution along with the recent federal tax legislation allowing for accelerated depreciation deductions in 2011 and 2012 will make Exelon’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stalking The Aussie’s Corrections

Posted: 12 Jan 2011 05:44 AM PST

We start with EUR/AUD, which was closely monitored. We also see the Aussie fight back a bit in the AUD/USD and AUD/NZD.
EUR/AUD

4H and 1H: We finally get a strong bearish signal in the 4H chart, and this time, the market does confirm the bearish attempt. (The 15-min RSI, not shown here, finally dipped below 30.
Looking at the 1H chart, we want to see the RSI dip below 40, and price below 1.3115. Price action is doing its job, testing the 1.3115 level as well as cracking the rising … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Import Prices Rise Less-than-expected In December

Posted: 12 Jan 2011 05:39 AM PST

Forex Pros – U.S. import prices rose less-than-expected in December, official data showed on Wednesday. 

In a report, the U.S. Bureau of Labor Statistics said U.S. import prices rose by 1.1% in December, after rising by 1.5% in November, whose figure was revised up from 1.3%.

Analysts had expected U.S. import prices to rise by 1.2% in December.

The report said that year-on-year, U.S. import prices rose more-than-expected, increasing by 4.8% in December, after rising by 3.9% in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

21 New Stores On Target

Posted: 12 Jan 2011 05:35 AM PST

Target Corporation (NYSE:TGT), the operator of general merchandise and food discount stores in the United States, recently unveiled its plan to open 21 stores in 12 states, in order to become a one-shop stop for the buyers.
Minneapolis, Minnesota, based company, Target, hinted that it plans to open six stores on March 6, 2011, in California, Colorado, Minnesota, Wisconsin, Kentucky and Massachusetts. On July 24, it plans to open 9 stores – 2 each in California and Pennsylvania, and 1 store each in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Canadian NHPI Rises More-than-expected In November

Posted: 12 Jan 2011 05:35 AM PST

Forex Pros – Canadian new house prices rose more-than-expected in November, official data showed on Wednesday.

In a report, Statistics Canada said its new housing price index rose by 0.3% in November, after rising by 0.1% in October.

Analysts had expected the new housing price index to rise by 0.1% in November.

According to the data, the top contributors to the NHPI monthly increase in November were Toronto and Oshawa, as well as Ottawa–Gatineau.

The report said that year-on-year, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Retreats From 4-day High After Portugal Auction

Posted: 12 Jan 2011 05:35 AM PST

Forex Pros – The euro was lower against the Swiss franc on Wednesday, retreating from a four day high as concerns that Portugal would still require a bailout persisted after the country sold EUR1.25 billion of bonds at auction.

EUR/CHF retreated from 1.2692, the pair's highest since January 6, to hit 1.2625 during European afternoon trade, slipping 0.04%.

The pair was likely to find support at 1.2514, Tuesday's low and resistance at 1.2721, the high of January 6.

Earlier in the day, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

FX Headlines: U.K. Trade Deficit Widens In November, Portugal Avoids A Bailout For Now

Posted: 12 Jan 2011 05:00 AM PST

Fundamental Headlines
• Australia's Flood Challenge Gillard Leadership – Wall Street Journal
• EU Debates Larger Rescue Fund – Wall Street Journal
• Germany Enjoys Stellar Growth– Financial Times
• EU Leaders Aim for "Comprehensive" Crisis Solution, Rehn Says – Bloomberg
• Spanish Bank Debt Costs Spur Doubt on Ability to Sustain Profit – Bloomberg
GBPUSD: U.K.'s trade deficit in November widened to 8.7 billion pounds from a revised 8.6 billion bounds in October. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed Vs. Rivals After Portuguese Treasury Auction

Posted: 12 Jan 2011 04:39 AM PST

Forex Pros – The U.S. dollar was mixed against its major counterparts on Wednesday, after Portugal sold the maximum amount of EUR1.25 billion bonds at auction, somewhat easing concerns over the euro zone sovereign debt crisis.

During European early afternoon trade, the greenback was slightly higher against the euro, with EUR/USD dipping 0.06% to hit 1.2965.

Following the auction, Portugal's government debt agency said the premium investors demanded to hold Portuguese government bonds fell … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Stocks To Watch On Wednesday: JPMorgan Chase, Goldman Sachs, Apollo, Lennar, AIG, Alcoa, SuperValu, Advanced Micro Devices, Shell, Sanofi Aventis

Posted: 12 Jan 2011 04:35 AM PST

UK

Royal Dutch Shell (RDS-A) – Co. may face delays in drilling off Alaska after a presidential panel investigating BP's (NYSE:BP) oil spill said more research is needed on risks to Arctic wildlife. (Sources)

Sainsbury – Co.'s Q3 comparative sales ex-fuel, including VAT rose 3.6% vs. Exp. 3.1%, and co. said it is well placed to make continued good progress in 2011. (Sources)

Companies paying Dividend: 3i Group (GBP 0.0120)

Companies going Ex-Dividend: Lonmin (USD 0.1500), … [visit site to read more] or compare Best Credit Cards and Best CD Rates

For Goldman Sachs, This Has Been A Challenging Period

Posted: 12 Jan 2011 04:35 AM PST

What is a reputation worth?
I have always maintained that people and institutions ultimately have the reputation that they deserve. While there are always instances of misunderstanding or miscommunication, reputations are not built upon individual instances or single interactions. Reputations develop over time.
The last few years has been a period of time during which large holes have been blown in the heretofore seemingly impenetrable fortress known as Goldman Sachs. (NYSE:GS) Now Goldman is on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Rebounds From Daily Low After Portugal Bond Sale

Posted: 12 Jan 2011 04:21 AM PST

Forex Pros – Sterling turned higher against the U.S. dollar on Wednesday, rebounding from the daily low, as risk aversion eased after a successful bond auction by Portugal alleviated concerns over the euro zone sovereign debt crisis.

GBP/USD clawed back up from 1.5583, the daily low, to hit 1.561 during European early afternoon trade, gaining 0.07%.

Cable was likely to find support at 1.5511, Tuesday's low and resistance at 1.5773, the high of December 15.

Earlier in the day, Portugal … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Not Ready It Seems. 100 Hour Maintains Support

Posted: 12 Jan 2011 04:16 AM PST

The 1.2968 level which was the low on November 30th 2010 (see chart below), and the 100 hour MA were pounded but the momentum down could not be sustained.  The market will continue to eye the key level as NY opens and the day progresses.  Traders will want to see momentum selling if the level is broken again.   … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: GBPUSD Bounces Off Old Trendine Resistance

Posted: 12 Jan 2011 04:07 AM PST

I find that a key trendline that gets broken (see chart above), can come back and provide support or resistance so thereafter. The GBPUSD broke above trendline resistance yesterday but after topping today, fell today in sympathy with the EURUSD fall. The fall was stopped when the pair found support against the old trendline and has bounced higher.

Now the correction should find resistance against the 1.5613 level where the pair used as a ceiling, then a floor today (see 5 minute chart … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AdvisorShares Partners With TrimTabs To Develop Active ETF

Posted: 12 Jan 2011 04:00 AM PST

On Jan 11th, 2011, AdvisorShares announced a brand new partnership with TrimTabs Investment Research that will lead to the development of a new actively-managed ETF. The new Active ETF will apply TrimTabs' liquidity-based investment strategy, according to the press release.
TrimTabs is well-known for its research focusing on equity market liquidity, which is also utilized by the firm's asset management practice on the advisory side to implement liquidity-based investment strategies. In … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Erases Gains After Portugal Debt Auction

Posted: 12 Jan 2011 03:54 AM PST

Forex Pros – The euro erased gains against the U.S. dollar on Wednesday, falling to a fresh daily low, after the premium investors demanded to hold Portuguese government bonds fell for the nine year issue but rose for the three year issue.

EUR/USD retreated from 1.3045, the pair's highest since January 6; to hit 1.2969 during European late morning trade, dipping 0.03%.

The pair was likely to find support at 1.2872, Monday's low and a four month low and resistance at 1.3169, the high of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USDCHF Finds Support And Bounces

Posted: 12 Jan 2011 03:28 AM PST

Face To Face With David Einhorn

Posted: 12 Jan 2011 01:05 AM PST

Article written by Prieur du Plessis, editor of the href=”http://www.investmentpostcards.com”>Investment Postcards from Cape Town” blog.

Eric King has just conducted an excellent interview with hedge fund manager David Einhorn, president and co-founder of Greenlight Capital, a long-short value-oriented hedge fund. Since inception in 1996, Greenlight has generated returns in excess of 21% a year.
Einhorn has recently published the second edition of his 2008 book, "Fooling Some Of The … [visit site to read more] or compare Best Credit Cards and Best CD Rates


This posting includes an audio/video/photo media file: Download Now

Sushi With Dave: U.S. Vs Japan

Posted: 12 Jan 2011 01:00 AM PST

Article written by Prieur du Plessis, editor of the href=”http://www.investmentpostcards.com”>Investment Postcards from Cape Town” blog.
The article below comes courtesy of David Rosenberg, Chief Economist and Strategist of Gluskin Sheff & Associates, showing that the U.S. post-bubble economic and financial backdrop is looking more and more like the Japanese situation of the past two decades.

CHART 1: BOTH COUNTRIES EXPERIENCED THE BURSTING OF A HOUSING BUBBLE

CHART 2: BOTH COUNTRIES … [visit site to read more] or compare Best Credit Cards and Best CD Rates

How Inflation Ravages Stock Market Returns

Posted: 12 Jan 2011 12:55 AM PST

Article written by Prieur du Plessis, editor of the href=”http://www.investmentpostcards.com”>Investment Postcards from Cape Town” blog.
With inflation having been a non-issue for a number of years but starting to edge higher, it is opportune to revisit the impact of inflation on equity returns. Barry Ritholtz (The Big Picture) alerted me to VisualizingEconomics who constructed the chart below, showing the real and nominal growth in U.S. stocks since 1871.
Annualized gain … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“Goldnomics” Video

Posted: 12 Jan 2011 12:00 AM PST

Article written by Prieur du Plessis, editor of the href=”http://www.investmentpostcards.com”>Investment Postcards from Cape Town” blog.
As gold bullion is making its way towards its 50-day moving average (MA $1,382 vs price of $1,378 at the time of writing), precious metals specialist Goldcore has just launched a terrific video on the yellow metal. The video is of an educational nature and highlights gold's importance as a safe haven asset and attractive alternative to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Most Frequently Cited Themes For 2011

Posted: 11 Jan 2011 11:55 PM PST

Article written by Prieur du Plessis, editor of the href=”http://www.investmentpostcards.com”>Investment Postcards from Cape Town” blog.
After the avalanche of forecasts for 2011, Birinyi Associates has distilled the reports into the graph below (courtesy of John Carney of CNBC). The themes are pretty much as expected but, interestingly, the most conflicted ones were developed markets vs emerging markets and large caps vs small caps. For what it's worth, developed markets and large caps … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Barton Biggs On U.S. Stocks, European Debt

Posted: 11 Jan 2011 11:45 PM PST

Article written by Prieur du Plessis, editor of the href=”http://www.investmentpostcards.com”>Investment Postcards from Cape Town” blog.
Barton Biggs, managing partner at Traxis Partners LP, discusses the outlook for the U.S. stock market and the European sovereign debt crisis. Biggs speaks with Bloomberg's Deirdre Bolton.
Biggs offered his view on the U.S. economy, saying that he is optimistic and that he thinks "the next significant move in equity markets is up". He also says that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Gartman: Euro Crisis A “virulent Disease”

Posted: 11 Jan 2011 11:10 PM PST

Article written by Prieur du Plessis, editor of the href=”http://www.investmentpostcards.com”>Investment Postcards from Cape Town” blog.
Dennis Gartman, writer of "The Gartman Letter", discusses the Eurozone crisis and says he still expects the euro to split into two currencies. (Gartman comes on at about two minutes into the clip.)

Gartman: Euro crisis a "virulent disease" was first posted on January 12, 2011 at 9:10 am.
©2011 “Investment Postcards from Cape Town”. Use of … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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