Tuesday, January 11, 2011

DailyMarkets.com - Two Americas: 12 Facts Showing That Those Who Are Too Big To Fail Are Thriving On Bailout Money Whereas Ordinary Americans Continue To Suffer

DailyMarkets.com - Two Americas: 12 Facts Showing That Those Who Are Too Big To Fail Are Thriving On Bailout Money Whereas Ordinary Americans Continue To Suffer

Two Americas: 12 Facts Showing That Those Who Are Too Big To Fail Are Thriving On Bailout Money Whereas Ordinary Americans Continue To Suffer

Posted: 11 Jan 2011 03:35 AM PST

Most Americans have a deep aversion to the phrase “redistribution of wealth”, and rightly so.  On a fundamental level, it is just not right to take the money that one man has worked so hard to earn and “redistribute” it to someone else.  In the political realm, the phrase “a redistribution of wealth” is usually a reference to our ballooning social programs, but what most Americans don’t realize is that one of the biggest redistributions of wealth in world history took place during the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Don’t Be Blinded By Current Stock Market Euphoria

Posted: 11 Jan 2011 03:25 AM PST

Bill Gross, the PIMCO money manager, to whom it is often worth listening, cautioned this week that our nation's leaders really don't know where they're going. They're mired in the fiscal quicksands of perpetual trillion dollar deficits. I believe, as he does, that there will be more agony ahead after the present euphoria in the equity markets. Thus I say, "Caveat Emptor — Let the Buyer Beware!" Our leaders are paying scant attention to the "Buck" that is being passed on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Stocks To Watch On Tuesday: Intel, Adobe, Netflix, IBM, Alcoa, Apollo Group, General Motors

Posted: 11 Jan 2011 03:06 AM PST

Britain and China signed business deals worth around GBP 2.6bln on Monday. (RTRS)

UK

Royal Dutch Shell (RDS-A) – Co. is in talks with Chinese oil firm CNOOC for a 30% stake in a USD 7.5bln refining project. (China Daily)

RBS (NYSE:RBS) /Lloyds – Companies have approached investors to encourage interest in the UK government's stock holding in the two banks, citing people familiar with the matter. (WSJ)

Marks & Spencer – Co.'s Q3 like for like UK sales +2.8%: General … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Another Post-Earnings Trade: Timeframe-Daytrade (Earnings Season Article Part 2)

Posted: 11 Jan 2011 03:01 AM PST

[This article was written on August 6, 2010, and is the 2nd of a 2-part series. Current market conditions as of Jan. 10, 2011 confirm its prescient information.]

In my last article on how to trade both before and after a stock reports earnings, I talked about a mini-swing to swing timeframe with Google (NASDAQ:GOOG) and Baidu (NASDAQ:BIDU) as examples. But what can one do if the stock reports well, yet has a negative market phase, looks oversold, and the Dow Jones Industrial Average just closed down … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Modestly Higher As Risk Aversion Dominates

Posted: 11 Jan 2011 01:59 AM PST

Forex Pros – The U.S. dollar was modestly higher against the Swiss franc on Tuesday, as risk aversion remained high ahead of critical euro-zone government bond auctions scheduled to take place later in the week.

USD/CHF hit 0.9718 in European morning trade, the daily high; the pair subsequently consolidated at 0.97, gaining 0.27%.

The pair was likely to find support at 0.9629, Monday's low and short-term resistance at 0.9726, Monday's high and a three week high.

Concerns centered on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Stocks Rise As Japan Offers Support; DAX Up 0.21%

Posted: 11 Jan 2011 01:37 AM PST

Forex Pros – European stock markets advanced on Tuesday, as market sentiment was lifted by supportive comments made by Japan, while U.S. futures indexes pointed to a higher open on Wall Street.

During European morning trade, the EURO STOXX 50 climbed 0.35%, France's CAC 40 gained 0.39%, while Germany’s DAX was up 0.21%.

Market sentiment was boosted after Japan's finance minister Yoshihiko Noda said earlier in the day that Japan would consider purchasing more than 20% of bonds to be … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Pound Lower Against Dollar As Euro Debt Fears Weigh

Posted: 11 Jan 2011 01:22 AM PST

Forex Pros – The pound was lower against the dollar on Tuesday, as fears over the simmering sovereign debt crisis in the euro zone continued to weigh on market sentiment, lending support to the dollar.

GBP/USD hit 1.5538 during European morning trade, the daily low; the pair subsequently consolidated at 1.5542, shedding 0.19%.

Cable was likely to find support at 1.5473, Monday's low and resistance at 1.5627, the high of January 5.

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

Forex – Dollar Up Vs. Most Rivals As Euro Jitters Hit Sentiment

Posted: 11 Jan 2011 12:46 AM PST

Forex Pros – The U.S. dollar was up against almost all of its major counterparts on Tuesday, as markets focused on whether Portugal would be able to raise funds in the debt market on Wednesday or be forced to ask for a bailout.

During European morning trade, the greenback was up against the euro, with EUR/USD sliding 0.13% to hit 1.2933.

Earlier in the day, Japanese Finance Minister Yoshihiko Noda said his country planned to buy about a fifth of the bonds the European rescue fund plans to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Hits Daily High As Japan Supports Euro Zone

Posted: 11 Jan 2011 12:28 AM PST

Forex Pros – The dollar rose to a daily high against the yen on Tuesday, supported by risk aversion, while a Japanese pledge of support for the European bailout fund failed to give the single currency lasting support.

USD/JPY hit 83.17 during late Asian trade, the daily high; the pair subsequently consolidated at 83.1, gaining 0.48%.

The pair was likely to find support at 82.65, Monday's low and resistance at 83.38, the high of January 6.

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

Forex – NZD/USD Drops To Daily Low, Weighed By Australia Floods

Posted: 11 Jan 2011 12:01 AM PST

Forex Pros – The New Zealand dollar was lower against its U.S. counterpart on Tuesday, weighed by the weaker Australian dollar after authorities warned that the impact from massive flooding in Queensland was escalating.

NZD/USD hit 0.7577 during late Asian trade, the daily low; the pair subsequently consolidated at 0.7584, shedding 0.64%.

The pair was likely to find short-term support at 0.7548, the low of January 7 and resistance at 0.7645, Monday's high.

Earlier Tuesday, Statistics New … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Stocks Mixed As Euro Debt Weighs; Nikkei Sheds 0.29%

Posted: 10 Jan 2011 11:54 PM PST

Forex Pros – Asian stocks were mixed on Tuesday, as market sentiment was weighed by the euro zone's ongoing debt crisis, while shares in the energy sector performed strongly. 

During late Asian trade, Hong Kong’s Hang Seng Index jumped 0.89%, South Korea’s Kospi Composite added 0.36%, while Japan's Nikkei 225 Index shed 0.29%.

The Nikkei's losses came as shares of Japanese exporters declined. Shares in the world's largest digital camera maker Canon dropped 1.42%, automaker … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Tumbles To 1-month Low As Flood Impact Worsens

Posted: 10 Jan 2011 11:50 PM PST

Forex Pros – The Australian dollar tumbled to a one month low against its U.S. counterpart on Tuesday, following warnings that massive flooding in the state of Queensland was threatening one of the countries largest cities.

AUD/USD hit 0.9821 during late Asian trade, the pair's lowest since December 9; the pair subsequently consolidated at 0.9828, tumbling 1.27%.

The pair was likely to find support at 0.9752, the low of December 8 and resistance at 0.9981, Monday's high.

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

Singapore Stock Market Update For Tuesday 11 January

Posted: 10 Jan 2011 11:45 PM PST

Morning Highlights

Singapore market opened  flat with STI at 3230.81, as weighed by caution ahead of closely-watched government bond auctions in Europe…
Likewise,  Wall Street ended lower overnight as investors wait for direction from earnings and economic data.
Watch out for Economic News Today:

U.S IBD/TIPP Economic Optimism (Jan)

News Updates:

Royal Group wins hotel site at Robinson Rd/Boon Tat St for $86 million.

Australian stocks dragged lower by massive flooding in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Briefly Spikes Higher After Japan Pledge

Posted: 10 Jan 2011 11:27 PM PST

Forex Pros – The euro briefly spiked higher against the dollar on Tuesday, after Japan said it planned to buy debt to be issued by the European Financial Stability Facility later in the month.

EUR/USD hit 1.2989 during late Asian trade, the pair's highest since last Friday; the pair subsequently consolidated at 1.2942, slipping 0.07%.

The pair was likely to find support at 1.2872, Monday's low and resistance at 1.3169, last Thursday's high.

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

Growth & Income Stock: Goodrich Corporation

Posted: 10 Jan 2011 11:05 PM PST

Although shares of Goodrich Corporation (NYSE:GR) have soared more than 30% since late August, the stock is still reasonably valued because of a corresponding rise in earnings estimates.
The company reported strong third quarter 2010 results driven by solid sales growth. Earnings per share came in 11% above the Zacks Consensus Estimate, marking the second consecutive positive earnings surprise. It is a Zacks #2 Rank (Buy) stock.
Company Description
Goodrich Corporation supplies systems and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: Sally Beauty Holdings

Posted: 10 Jan 2011 11:05 PM PST

Sally Beauty Holdings, Inc. (NYSE:SBH) has posted three consecutive earnings surprises, even as analysts have continuously raised forecasts.
This Zacks #1 Rank (Strong Buy) stacks up well against its peers and has a great long-term earnings trend.
Company Description
Sally Beauty is a beauty retailer with over 4,000 stores, in addition to outside sales consultants, in North America and Europe.
“Outstanding” Quarter
Sally’s President and CEO called the fourth-quarter earnings results “Outstanding”. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Ancestry.com Inc.

Posted: 10 Jan 2011 11:05 PM PST

Ancestry.com Inc. (ACOM) just hit a new all-time high at $34.93 after reporting a solid 26% Q3 earnings surprise in late October. With the company’s subscription base showing big gains and a bullish growth projection, this Zacks #1 rank stock has more than a few traces of momentum.
Company Description
Ancestry.com operates as an online resource for family history worldwide. The company was founded in 1983, changed its name from The Generations Network in 2009 and has a market cap of $1.47 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Hercules Technology (HTGC)

Posted: 10 Jan 2011 11:05 PM PST

We are downgrading our recommendation on Hercules Technology (NASDAQ:HTGC) to Underperform from Neutral based on its rising expenses and weak fundamentals. Third quarter distributable net operating income came in ahead of the Zacks Consensus Estimate but remained below the prior-year quarter.
Our six-month target price of $9.50 per share equates to about 11.7x our distributable net operating income (DNOI) estimate for 2010. This price target implies an 8.3% expected negative return over that period, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: Natural Resource Partners (NRP)

Posted: 10 Jan 2011 11:05 PM PST

Natural Resource Partners (NYSE:NRP) had an impressive third quarter with earnings and revenue beating Zacks Consensus Estimates. Going forward, we expect the partnership to benefit from the improvement in coal market fundamentals, as well as recent acquisitions, its strong liquidity position and solid quarterly results.
We note that the partnership’s strategy of growth through acquisition offers long-term upside to unit-holders. Further, we believe the partnership will continue to grow its … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Why Rosie Loves The U.S. Dollar

Posted: 10 Jan 2011 11:01 PM PST

Article written by Prieur du Plessis, editor of the href=”http://www.investmentpostcards.com”>Investment Postcards from Cape Town” blog.
David Rosenberg, Chief Economist and Strategist of Gluskin Sheff & Partners, explains why he is bullish on the American greenback and doesn't believe in a bond bubble.
Click here or on the image below to view the video clip.

While we have Rosie on the line, the former Chief Economist of Merrill Lynch was notoriously bearish during the surge in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Global PMI Scorecard: Robust Growth But …

Posted: 10 Jan 2011 11:00 PM PST

Article written by Prieur du Plessis, editor of the href=”http://www.investmentpostcards.com”>Investment Postcards from Cape Town” blog.
Non-manufacturing/services PMIs
The non-manufacturing/services PMIs released for December 2010 indicated that the global services or non-manufacturing sector reached robust growth levels with the JPMorgan Global Services PMI jumping to 57.3 from 54.6 in November. The Global Services PMI was strongly underscored by the US being particularly strong with an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

All Eyes On Portugal And Other Med Members

Posted: 10 Jan 2011 10:50 PM PST

Article written by Prieur du Plessis, editor of the href=”http://www.investmentpostcards.com”>Investment Postcards from Cape Town” blog.
Ahead of Wednesday's bond auction in Portugal – an important litmus test as to whether the country can actually fund itself – Portugal's 10-year government bond yields increased to more than 7%. As shown in the graphs below, it took Greece and Ireland less than a month to request EU/IMF aid after their 10-year bond yields had breached the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

“Not Owning Gold Is A Form Of Insanity,” Says Griffiths

Posted: 10 Jan 2011 10:45 PM PST

Article written by Prieur du Plessis, editor of the href=”http://www.investmentpostcards.com”>Investment Postcards from Cape Town” blog.
Gold is far from an over-owned trade and will eventually rally exponentially, Robin Griffiths, technical strategist at Cazenove Capital, told CNBC. He said: "I think not owning gold is a form of insanity. It may even show unhealthy masochistic tendencies which might need medical attention."

"Not owning gold is a form of insanity," says … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Technical Talk: Expect Stock Market Consolidation/pullback

Posted: 10 Jan 2011 10:40 PM PST

Article written by Prieur du Plessis, editor of the href=”http://www.investmentpostcards.com”>Investment Postcards from Cape Town” blog.
The comments below were provided by Kevin Lane of Fusion IQ.
Although we remain bullish over the intermediate term, we believe the combination of the short-term overbought nature of the market coupled with bubbling bullish sentiment could lead to a decent near-term correction. That said, we think the greater probability over the short run is for a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Investing In The Year Of The Rabbit

Posted: 10 Jan 2011 10:35 PM PST

Article written by Prieur du Plessis, editor of the href=”http://www.investmentpostcards.com”>Investment Postcards from Cape Town” blog.
Yang Liu, CIO and chairman at Atlantis Investment Management, outlines three sectors to follow in China this year: property, insurance and financials. She shares her investment strategy with CNBC's Lisa Oake. [PduP: I have been following Yang Liu for many years and have great respect for the performance she has turned out of Chinese stocks over the ... [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hedge Fund Performance Round-up: 2010

Posted: 10 Jan 2011 10:30 PM PST

Article written by Prieur du Plessis, editor of the href=”http://www.investmentpostcards.com”>Investment Postcards from Cape Town” blog.
The table below, courtesy of Econompicdata, summarizes the 2010 hedge fund performance data for various categories. As shown, the numbers were mostly very good – leaving aside the equity shorts. By means of comparison, the S&P 500 Index returned 15.1% for the year, the 10-year Treasury Note 4.3% and the Reuters/Jeffries CRB (Commodity) Index … [visit site to read more] or compare Best Credit Cards and Best CD Rates

USD/JPY’s Head And Shoulder Can Be A Continuation Pattern

Posted: 10 Jan 2011 10:21 PM PST

USD/JPY's Head and Shoulder Can be a Continuation Pattern

4H and 1H: First of all, we had a head and shoulder. Second of all, there is a pullback. In the short-term heading into the next US session, we might see the market decline towards 82.50 area.
The thing about chart patterns is that although this looks like a reversal pattern, I suspect that the market will not break below the 1H 200SMA. That is just an opinion, and something that should be anticipated. Candlestick action … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session

Posted: 10 Jan 2011 10:20 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday.

EUR/USD was trading at 1.2950, down 0.02% at time of writing.

The pair was likely to find support at 1.2874, Monday's low, and resistance at 1.3171, Thursday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.08% to hit 0.8323 and EUR/JPY rising 0.43% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Laugh Out Loud: Raising The Debt Ceiling …

Posted: 10 Jan 2011 10:00 PM PST

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

Laugh out Loud: Raising the debt ceiling … was first posted on January 11, 2011 at 8:00 am.
©2011 “Investment Postcards from Cape Town”. Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rand Prospects 2011

Posted: 10 Jan 2011 09:50 PM PST

Article written by Prieur du Plessis, editor of the href=”http://www.investmentpostcards.com”>Investment Postcards from Cape Town” blog.
By Cees Bruggemans, Chief Economist of FNB.
With a high inflation differential stacked against us (South Africa expects 4.5% inflation in 2011 as compared to 0.5%-1% core inflation in the US and Europe), you do expect forward interest rate differentials to be against us (they are) and for forward Rand expectations to show a weaker Rand (they … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Down During The Asian Session

Posted: 10 Jan 2011 09:50 PM PST

Forex Pros – The British Pound was lower against the U.S. Dollar on Tuesday.

GBP/USD was trading at 1.5559, down 0.10% at time of writing.

The pair was likely to find support at 1.5407, Friday's low, and resistance at 1.5603, Monday's high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.02% to hit 0.8318 and GBP/JPY rising 0.32% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Central Bank Of Sri Lanka Cut The Repo Rate 25bps To 7.00%

Posted: 10 Jan 2011 09:39 PM PST

The Central Bank of Sri Lanka cut the repurchase rate 25 basis points to 7.00%, and cut the reverse repurchase rate 50 basis points to 8.50%. The move was taken in order to help boost post-war economic activity in the island nation. The Bank noted that while inflation has approached 7%, the drivers of inflation are currently primarily food related, due to weather and supply chain disruptions. In explaining its decision, the Bank noted these factors are likely to have only a “transient effect on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Up During The Asian Session

Posted: 10 Jan 2011 09:20 PM PST

Forex Pros – The Euro was higher against the Swiss Franc on Tuesday.

EUR/CHF was trading at 1.2536, up 0.03% at time of writing.

The pair was likely to find support at 1.2433, Monday's low, and resistance at 1.2724, Thursday's high.

Meanwhile, the Euro was down against the U.S. Dollar and up against the Japanese Yen, with EUR/USD shedding 0.05% to hit 1.2945 and EUR/JPY rising 0.40% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Trading Pre- And Post-Earnings Reports (Earnings Season Article – Part 1)

Posted: 10 Jan 2011 09:08 PM PST

[This article was written on August 5, 2010, and is the 1st of a 2-part series. Current market conditions as of Jan. 10, 2011 confirm its prescient information.]

There isn’t necessarily a strong relationship between a company’s profits – or losses – and that same company’s stock performance. The exciting part of earnings season for me is that when it corresponds with certain technical setups, you can bank on volatility right before and directly after the stock report-a trader’s … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Tests 26-Month Highs On Pipeline Leak, Gold Inches Higher On Dollar Decline

Posted: 10 Jan 2011 08:51 PM PST

Commodities – Energy
Crude Oil Tests 26-Month Highs on Pipeline Leak
Crude Oil (WTI) – $89.30 // $0.05 // 0.06%
Commentary: WTI added $1.22, or 1.39%, to settle at $89.25 on Monday, while Brent advanced $2.37, or 2.54%, to settle at $95.70. The differential between the two benchmarks widened to $6.45, the most since the $10.67 record set in early 2009. Brent actually hit a new 26-month closing high, though it did not surpass last week's intraday high at $96.17.
The catalyst for Monday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Up During The Asian Session

Posted: 10 Jan 2011 08:50 PM PST

Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Tuesday.

USD/CHF was trading at 0.9685, up 0.09% at time of writing.

The pair was likely to find support at 0.9604, Friday's low, and resistance at 0.9726, Monday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.06% to hit 1.2945 and USD/JPY rising 0.43% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Down During The Asian Session

Posted: 10 Jan 2011 08:20 PM PST

Forex Pros – The Euro was lower against the British Pound on Tuesday.

EUR/GBP was trading at 0.8314, down 0.02% at time of writing.

The pair was likely to find support at 0.8285, Monday's low, and resistance at 0.8488, Thursday's high.

Meanwhile, the Euro was down against the U.S. Dollar and up against the Japanese Yen, with EUR/USD shedding 0.06% to hit 1.2944 and EUR/JPY rising 0.33% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up During The Asian Session

Posted: 10 Jan 2011 07:40 PM PST

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday.

USD/JPY was trading at 83.08, up 0.45% at time of writing.

The pair was likely to find support at 82.67, Monday's low, and resistance at 83.69, Friday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.09% to hit 1.2940 and GBP/USD falling 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Up During The Asian Session

Posted: 10 Jan 2011 07:10 PM PST

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Tuesday.

USD/CAD was trading at 0.9939, up 0.05% at time of writing.

The pair was likely to find support at 0.9898, Friday's low, and resistance at 1.0005, Friday's high.

Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.07% to hit 1.2943 and GBP/USD falling 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

2011 Bank Failures Start With 2

Posted: 10 Jan 2011 07:05 PM PST

U.S. regulators shuttered two more banks in Florida and Arizona last Friday, marking the first two of the expected high number of small bank failures in 2011. These two failures in 2011 so far compare with the total number of bank failures of 157 in 2010, 140 in 2009 and just 25 in 2008.
While the bigger banks benefited greatly from the various programs launched by the government, many smaller banks continue to struggle. Tumbling home prices, soaring loan defaults and a high unemployment rate … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Credit Card Giants Grow Anxious

Posted: 10 Jan 2011 06:35 PM PST

While lobbying charges for Visa Inc. (NYSE:V), American Express Co. (NYSE:AXP) and Discover Financial Services (NYSE:DFS) declined for the third quarter of 2010, they rose for MasterCard Inc. (NYSE:MA).  On Friday, Visa and MasterCard reportedly spent $1.1 million and $0.84 million, respectively, during the third quarter of 2010. In November 2010, Discover reported that it spent $0.23 million on lobbying while American Express spent $0.46 million for the same period.
Visa's lobbying costs declined … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down During The Asian Session

Posted: 10 Jan 2011 06:30 PM PST

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Tuesday after the release of Australian data on Trade Balance.

AUD/USD was trading at 0.9874, down 0.82% at time of writing.

The pair was likely to find support at 0.9858, today's low, and resistance at 1.0015, Thursday's high.

Earlier in the day, official data showed that Australia's trade balance rose less-than-expected to a seasonally adjusted 1.93B last month from 2.63B in the preceding month.

Analysts had … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Which U.S. Senator Blocked The Whistleblower Protection Enhancement Act?

Posted: 10 Jan 2011 06:22 PM PST

Let's bang the drum once again to promote truth, transparency and integrity. In this rendition, let's collectively work to expose the Congressional coward, that is the United States Senator, who blocked the Whistleblower Protection Enhancement Act. In the process, Senator "Coward" took a stand against our prized virtues while defending the monied interests of corporate elitism.
Did you just vomit thinking that our hallowed halls upon Capitol Hill are populated with such louts? Why … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session

Posted: 10 Jan 2011 06:05 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday.

EUR/USD was trading at 1.2942, down 0.08% at time of writing.

The pair was likely to find support at 1.2874, Monday's low, and resistance at 1.3171, Thursday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.05% to hit 0.8320 and EUR/JPY rising 0.32% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Euro Rallies Following Noda Comments

Posted: 10 Jan 2011 05:50 PM PST

The Euro is back trading at session highs after Japanese finance minister Noda commented that it is appropriate to buy bonds to support Ireland. He added that he plans to use forex reserves to buy euro … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Up During The Asian Session

Posted: 10 Jan 2011 05:35 PM PST

Forex Pros – The Euro was higher against the Japanese Yen on Tuesday.

EUR/JPY was trading at 107.14, up 0.02% at time of writing.

The pair was likely to find support at 106.83, Monday's low, and resistance at 109.66, Thursday's high.

Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.27% to hit 1.2916 and EUR/GBP falling 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down On Economic Data

Posted: 10 Jan 2011 05:05 PM PST

Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Tuesday after the release of Australian data on Trade Balance.

AUD/USD was trading at 0.9886, down 0.70% at time of writing.

The pair was likely to find support at 0.9884, Monday's low, and resistance at 1.0015, Thursday's high.

Earlier in the day, official data showed that Australia's trade balance rose less-than-expected to a seasonally adjusted 1.93B last month from 2.63B in the preceding month.

Analysts had … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Monday, January 10, 2011

Posted: 10 Jan 2011 04:50 PM PST

Just like on Friday stocks opened weak today and then spent the rest of the session working off the losses to finish marginally mixed.  The Nasdaq Composite was able to turn nearly a 1% lose into small gain of 0.2%.  Semiconductor Stocks (the SOX) finished strong with a 1% gain.  This is nice to see since many of the items we use in our everyday lives require semi components.  The SOX can sometimes be a leading indicator for where stocks are headed.  … [visit site to read more] or compare Best Credit Cards and Best CD Rates

It’s A Class War, Stupid!

Posted: 10 Jan 2011 01:20 AM PST

There have been a lot of instant analysis of the Tucson shooting that occurred over the weekend. Some have characterized the gunman as a “whack job” and pointed out his ramblings, others have viewed it through a political lens and blamed the hate mongers and their enablers on the Right.

The Class War begins?
I believe that the causes are more fundamental: It’s the Class War. The chart below from Economix shows the pace of job recovery in the United States of this cycle compared to past … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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