Wednesday, February 16, 2011

DailyMarkets.com - Accumulate Gold But Be Cautious On Silver

DailyMarkets.com - Accumulate Gold But Be Cautious On Silver

Accumulate Gold But Be Cautious On Silver

Posted: 16 Feb 2011 03:35 AM PST

Why is Silver continuing to outperform Gold? The Silver/Gold ratio tends to lead or follow the stock market. Risk assets are outperforming. Silver is outperforming Gold as a risk asset. It is not outperforming for monetary reasons. That occurs when both Gold and Silver advance but Silver outperforms Gold. This is one of several reasons why bugs should be wary of Silver in the near-term.

Typically the stocks will lead the commodity. Relative weakness of stocks against the commodity is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Erases Gains After BOE Cuts Growth Outlook

Posted: 16 Feb 2011 03:07 AM PST

Forex Pros – The pound erased gains against the U.S. dollar on Wednesday, falling to a daily low after the Bank of England cut its economic growth forecast in its quarterly inflation report even as it saw inflation accelerating.

GBP/USD fell from 1.6186, the daily high, to hit 1.6057 during European morning trade, shedding 0.42%.

Cable was likely to find support at 1.6005, Tuesday's low and resistance at 1.623, the high of February 2.

The central bank’s February Inflation Report showed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EUR/USD Testing 100 Hour Moving Average

Posted: 16 Feb 2011 01:55 AM PST

The pair has come off the session high of 1.35692 and is now testing the 100 hour moving average. Further selling could bring the pair down to 1.3502; the 23.6% line on the move from Feb 9th highs to Monday's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Hits 4-day Low After Hildebrand Remarks

Posted: 16 Feb 2011 01:48 AM PST

Forex Pros – The U.S. dollar fell to a four-day low against the Swiss franc on Wednesday, after Swiss National Bank chairman Philipp Hildebrand said in a newspaper interview that inflationary pressures have increased.

USD/CHF hit 0.9616 during European morning trade, the pair's lowest since February 10; the pair subsequently consolidated at 0.9624, shedding 0.48%.

The pair was likely to find support at 0.9573, the low of February 10 and resistance at 0.9729, Tuesday's high.

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

U.K. Claimant Count Change Rises Unexpectedly In January

Posted: 16 Feb 2011 01:35 AM PST

Forex Pros – The number of people claiming unemployment benefits in the U.K. rose unexpectedly in January, official data showed on Wednesday.

In a report, the U.K. Office for National Statistics said that the claimant count rose by a seasonally adjusted 2,400 in January, after dropping by 3,400 in December, whose figure was revised down from 4,100.

Analysts had expected the claimant count to fall by 3,300 in January.

Meanwhile, the rate of unemployment was unchanged broadly in line with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Stocks Rise On SocGen, Sanofi-Aventis; DAX Up 0.47%

Posted: 16 Feb 2011 01:27 AM PST

Forex Pros – European stock markets rose to their highest level since September 2008 on Wednesday as shares in the financial sector were boosted by strong earnings news, while U.S. futures indexes pointed to a higher open on Wall Street.

During European morning trade, the EURO STOXX 50 climbed 0.97%, France's CAC 40 added 0.87%, while Germany’s DAX was up 0.47%.

Shares in the financial sector performed strongly after French banking giant Societe Generale reported better-than-expected … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Down Vs. Rivals Ahead Of Fed FOMC Minutes

Posted: 16 Feb 2011 12:57 AM PST

Forex Pros – The U.S. dollar was down against its major counterparts on Wednesday, as the Federal Reserve prepared to publish the minutes of its most recent policy setting meeting.

During European morning trade, the greenback was down against the euro, with EUR/USD climbing 0.46% to hit 1.3548.

The greenback was also down against the pound, with GBP/USD rising 0.17% to hit 1.6153.

Elsewhere, the greenback was down against the yen and the Swiss franc, with USD/JPY slipping 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Hits Two-week High On Rate Hike Speculation

Posted: 16 Feb 2011 12:45 AM PST

Forex Pros – The pound rose to a two-week high against the U.S. dollar on Wednesday, after data showing U.K. inflation jumped to twice the Bank of England’s target in January fuelled speculation the bank may soon raise interest rates.

GBP/USD hit 1.6185 during European morning trade, the pair's highest since February 3; the pair subsequently consolidated at 1.6155 gaining 0.19%.

Cable was likely to find support at 1.6005, Tuesday's low and resistance at 1.623, the high of February … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Eases, Remains Supported Close To Two-month High

Posted: 16 Feb 2011 12:28 AM PST

Forex Pros – The U.S. dollar eased off a two-month high against the yen on Wednesday, but remained well supported on the view that the economic recovery in the U.S. is gathering momentum.

USD/JPY hit 83.62 during early European trade, the daily low; the pair subsequently consolidated at 83.69, slipping 0.08%.

The pair was likely to find support at 83.19, Tuesday's low and short-term resistance at 83.91, Tuesday's high and a two-month high.

Markets largely shrugged off Tuesday's data … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Pares Gains, Tracking Aussie Lower

Posted: 16 Feb 2011 12:09 AM PST

Forex Pros – The New Zealand dollar pared gains against its U.S. counterpart on Wednesday, tracking the Australian dollar lower, following remarks by the Australian prime minister on a controversial mining tax.

NZD/USD retreated from 0.7562, the daily high, to hit 0.7529 during late Asian trade, gaining 0.14%.

The pair was likely to find support at 0.7503, Tuesday's low and a two-month low and resistance 0.7585, Tuesday's high.

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

Forex – AUD/USD Trims Gains After Mining Tax Remarks

Posted: 15 Feb 2011 11:59 PM PST

Forex Pros – The Australian dollar trimmed gains against its U.S. counterpart on Wednesday, after Australian Prime Minister Julia Gillard said she would not alter the controversial proposed mining tax.

AUD/USD retreated from 1.0015, the daily high, to hit 0.9978 during late Asian trade, gaining 0.14%.

The pair was likely to find support at 0.9942, Tuesday's low and a two-week low and resistance at 1.0057, Tuesday's high.

Ms Gillard said she would not make any changes to the mining tax, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Stocks Broadly Higher, Exporters Gain On Yen; Nikkei Up 0.57%

Posted: 15 Feb 2011 11:48 PM PST

Forex Pros – Asian stock markets were broadly higher on Wednesday, as market sentiment was boosted by a flurry of brokerage upgrades, while Japanese exporters advanced on the back of a weaker yen. 

During late Asian trade, Hong Kong’s Hang Seng Index climbed 1.02%, South Korea’s Kospi Composite slumped 1.06%, while Japan's Nikkei 225 Index added 0.57%.

Earlier, Japan's biggest investment firm Nomura Holdings raised its growth forecast for Japan, saying it expected a "return to an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up As Restructuring Plan Agreed For WestLB

Posted: 15 Feb 2011 11:33 PM PST

Forex Pros – The euro rose to a three-day high against the U.S. dollar on Wednesday, as ailing German lender WestLB reached a deal on restructuring just ahead of a crucial deadline.

EUR/USD hit 1.357 during late Asian trade, the pair's highest since Friday; the pair subsequently consolidated at 1.3551, gaining 0.48%.

The pair was likely to find support at 1.3427, Monday's low and a three-week low and resistance at 1.3734, last Thursday's high.

The plan proposed that the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USD/CHF Heading Towards 38.2% On Daily

Posted: 15 Feb 2011 11:22 PM PST

On the daily move from December 1st down to December 30th lows, the USD/CHF has tested resistance twice at .97728. After testing the level on Friday, the pair has traded continually lower and appears to be heading towards the 38.2% line at .95922. Any sort of pullback be see the pair back at .96825.
*There are no Swiss data releases until the ZEW economic expectations on … [visit site to read more] or compare Best Credit Cards and Best CD Rates

JAPAN OFFICIALLY SLIPS BACK INTO RECESSION! GOVERNMENT OFFICIALS BLAME MOMENTARY PAUSE, CALL FOR MORE PRINTING; ALL GLOBAL EFFORTS FOCUSED ON DOW 25,000

Posted: 15 Feb 2011 11:17 PM PST

Courtesy of The Daily Bail
The Japanese economy shrank an annualized 1.1% in Q4 of 2010.  Meanwhile, food and commodity prices continue to rise, giving Japan the worst of both worlds in having to contend with both price inflation in food and energy and deflation in asset prices.  You may be wondering what happened to ”Welcome to The Recovery”?  Not to worry — when the numbers don't add up, you can expect a flurry of metaphors from government officials and economists, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Hasbro, Inc. (HAS)

Posted: 15 Feb 2011 11:05 PM PST

Hasbro Inc. (NYSE:HAS) plans a shift toward strategic associations with Discovery, Universal Pictures, Electronic Arts and Mediaset, as well as aggressive penetration into emerging markets. However, most of its agreements will not materialize before late 2011.
We remain cautious on the stock due to increasing input costs as well as wage inflation, and currency fluctuation. Moreover, weaker-than-expected holiday sales left sufficient inventory on retailers as well as the company’s books. This … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Sirona Dental Systems, Inc.

Posted: 15 Feb 2011 11:05 PM PST

Sirona Dental Systems, Inc. (NASDAQ:SIRO) recently hit a new all-time high at $51.88 after reporting another strong quarter that beat analyst expectations. With a solid 10% growth projection and discounted P/E, this Zacks #1 rank stock is a beaming momentum pick.
Company Description
Sirona Dental Systems, Inc. together with its subsidiaries, manufactures and sells dental equipment worldwide. The company was founded in 1882 and has a market cap of $2.75 billion.
With earnings season grinding away, we … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: Varian Semiconductor

Posted: 15 Feb 2011 11:05 PM PST

Varian Semiconductor (NASDAQ:VSEA) is growing rapidly and expects that pace to continue through the next fiscal year. This Zacks #1 Rank (Strong Buy) has earnings that are skyrocketing, great valuations and is in the top rated industry.
Don’t let the chart scare you away, all signs point to VSEA heading even higher.
Company Description
Varian makes ion implantation equipment used by semiconductor manufacturers.
Q1 Revenue Doubled
The company’s Jan 27 earnings surprise included revenue of $282.6 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: The Walt Disney Company (DIS)

Posted: 15 Feb 2011 11:05 PM PST

The Walt Disney Company’s (NYSE:DIS) first-quarter 2011 earnings beat the Zacks Consensus Estimate, and rose 45% from the prior-year quarter, reflecting growth across Media Networks, Studio Entertainment, Parks and Resorts and Consumer Products.
Management hinted that for second-quarter 2011, advertising revenues at both ESPN and TV stations are trending up in the double-digits compared with the year-ago quarter, and added that the company is witnessing a rise in domestic hotel reservations by … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Destination Maternity Corporation

Posted: 15 Feb 2011 11:05 PM PST

Destination Maternity Corporation (DEST) recently reported better-than-expected results for the first quarter of 2011. Earnings per share came in 17% above the Zacks Consensus Estimate, and management raised its guidance for the full year.
The company also announced the initiation of a regular quarterly dividend. It currently yields 3.3%.
Company Description
Destination Maternity Corporation engages in the design and retail of maternity apparel. It operates its stores under four names: … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The Asian Session

Posted: 15 Feb 2011 10:20 PM PST

Forex Pros – The Euro was higher against the U.S. Dollar on Wednesday.

EUR/USD was trading at 1.3522, up 0.27% at time of writing.

The pair was likely to find support at 1.3429, Monday's low, and resistance at 1.3621, Friday's high.

Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.06% to hit 0.8369 and EUR/JPY rising 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up In Asian Trade

Posted: 15 Feb 2011 09:50 PM PST

Forex Pros – The British Pound was higher against the U.S. Dollar on Wednesday.

GBP/USD was trading at 1.6151, up 0.15% at time of writing.

The pair was likely to find support at 1.5964, Friday's low, and resistance at 1.6170, Tuesday's high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.12% to hit 0.8374 and GBP/JPY rising 0.14% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Repeat After Me…Fannie And Freddie Did NOT Cause The Meltdown

Posted: 15 Feb 2011 09:33 PM PST

Sometimes somebody else says it better… which is why I want to call your attention to Barry Riholtz who notes in his blog The Big Picture that it was Wall Street, and their mad purchases of Sub-Prime, Alt A and non conforming loans for their privately issued securitization that drove the credit bubble. Not, as the ideologically blinded Peter Wallison claims, Fannie & Freddie. And he posts this chart (originally from Matt Phillips) which very clearly shows Fannie & … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Obama’s Budget Cuts And The Market

Posted: 15 Feb 2011 09:20 PM PST

How will Obama's budget cuts affect the markets? Find out … [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

Forex – EUR/CHF Up In Asian Trading Hours

Posted: 15 Feb 2011 09:20 PM PST

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

EUR/CHF was trading at 1.3056, up 0.10% at time of writing.

The pair was likely to find support at 1.3037, Tuesday's low, and resistance at 1.3204, Friday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.30% to hit 1.3527 and EUR/JPY rising 0.26% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

February 15, 2011

Posted: 15 Feb 2011 09:18 PM PST

February 15, 2011 -
Bulls and Bears, Fox Business News  – Budget cuts and the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bernanke May Need To Defend Lehman On His Deathbed

Posted: 15 Feb 2011 09:15 PM PST

…because chances are history will review his decisions as the beginning of the end. The man is not stupid – quite to the contrary in fact. But I think he's misguided as all hell which is why I about choked on my chicken when I read over lunch recently that he defended his actions in a recent confidential congressional inquiry regarding Lehman saying "we did everything we could." Then, in an apparent about face, he stated "there needs to be a system by which Goldman Sachs will go … [visit site to read more] or compare Best Credit Cards and Best CD Rates

IPad Makes More Space In Tiny Japanese Houses

Posted: 15 Feb 2011 09:03 PM PST

I don't know if you've played around with an iPad, but it's the first peice of technology that's made me go "wow" in years. Now it's truly changing lives by making tiny Japanese homes larger – including our own. And I suspect the game is just getting … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Obama Budget: And Why The Coming Debate Over Spending Cuts Has Nothing To Do With Reviving The Economy

Posted: 15 Feb 2011 08:52 PM PST

Courtesy of Robert Reich

President Obama has chosen to fight fire with gasoline. 
Republicans want America to believe the economy is still lousy because government is too big, and the way to revive the economy is to cut federal spending. Today (Sunday) Republican Speaker John Boehner even refused to rule out a government shut-down if Republicans don't get the spending cuts they want.
Today (Monday) Obama pours gas on the Republican flame by proposing a 2012 federal budget that cuts … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Down During Asian Trade

Posted: 15 Feb 2011 08:50 PM PST

Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Wednesday.

USD/CHF was trading at 0.9644, down 0.27% at time of writing.

The pair was likely to find support at 0.9642, today's low, and resistance at 0.9776, Friday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.34% to hit 1.3532 and USD/JPY falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Why We Should Raise Taxes On The Super-Rich And Lower Them On The Middle Class

Posted: 15 Feb 2011 08:25 PM PST

Courtesy of Robert Reich
My proposal to raise the marginal tax to 70 percent on incomes over $15 million, to 60 percent on incomes between $5 million and $15 million, and to 50 percent on incomes between $500,000 and $5 million, has generated considerable debate. Some progressives think it's pie-in-the-sky. Here, for example, is Andrew Leonard, a staff writer for Salon:

A 70 percent tax bracket for the richest Americans is pure fantasy – even suggesting it represents such a fundamental … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Up During The Asian Session

Posted: 15 Feb 2011 08:20 PM PST

Forex Pros – The Euro was higher against the British Pound on Wednesday.

EUR/GBP was trading at 0.8374, up 0.11% at time of writing.

The pair was likely to find support at 0.8356, Tuesday's low, and resistance at 0.8476, Friday's high.

Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.31% to hit 1.3528 and EUR/JPY rising 0.26% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

OMG, It’s Me!

Posted: 15 Feb 2011 07:59 PM PST

Courtesy of David, The Deipnosophist
Okay, not really, but it sure could be! In fact, that is John Pinette in his uproariously funny bit re food, diets, and endless buffets. And his punchlines only get funnier as he continues…

So maybe you gotta be me to get the humor of it all, but if you like food (too much) as I do, then I daresay you will be smiling a whole lot, if not laughing, by the time his gig is complete!
– David M Gordon / The … [visit site to read more] or compare Best Credit Cards and Best CD Rates

XLB Stumbles; TLT Perks Up

Posted: 15 Feb 2011 07:45 PM PST

A little bad weather for XLB Tuesday with some storm clouds looming.  Note the short interest ratio.  XLB is overdue for a pullback but Hey! what sector ETF isn't?  TLT and EEM are tickling the green but we need to see some more positive action off the bottom of the sort before getting too enthusiastic about building a position.  GLD continues to demonstrate consistent holding power in the face of intraday volatility . . always a good sign for Long position holders. Keep … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down During Asian Trade

Posted: 15 Feb 2011 07:40 PM PST

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Wednesday.

USD/JPY was trading at 83.73, down 0.05% at time of writing.

The pair was likely to find support at 83.10, Monday's low, and resistance at 83.92, Tuesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.38% to hit 1.3537 and GBP/USD rising 0.22% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Recharging

Posted: 15 Feb 2011 07:38 PM PST

The flat-to-down action today is helping this market consolidate gains.  Some of the extended names like JDSU and FNSR saw some decent-sized pullbacks.  I thought the after hour action yesterday felt unusual despite the Fedex guide down.   It felt like option games are being played to keep SPY at 133.  I have read several articles calling the drop today as "nothing wrong" and the uptrend is still intact.  If not for QE2, I would be worried.  The buyers … [visit site to read more] or compare Best Credit Cards and Best CD Rates

China Inflation: Getting Worse And Coming To A Wal-Mart Near You

Posted: 15 Feb 2011 07:24 PM PST

On Tuesday Feb. 15, China reported its consumer prices (CPI) rose 4.9% year-over-year [[yoy]] in January, which came in less than expected. Economists were expecting 5.4% inflation, based on a Bloomberg survey.

However, after digesting the data, Asian markets closed mixed on that news, with China's Shanghai Composite staying flat after a choppy trading session.

Well, the reason why markets reacted that way is because the lower figure is partly the beneficiary of a previously … [visit site to read more] or compare Best Credit Cards and Best CD Rates

From Prison, Madoff Says Banks ‘Had To Know’ Of Fraud

Posted: 15 Feb 2011 07:12 PM PST

Bernard L. Madoff said he never thought the collapse of his Ponzi scheme would cause the sort of destruction that has befallen his family. In his first interview for publication since his arrest in December 2008, Mr. Madoff — looking noticeably thinner and rumpled in khaki prison garb — maintained that family members knew nothing [...]
By NYT
… [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down In Asian Trading Hours

Posted: 15 Feb 2011 07:10 PM PST

Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Wednesday.

USD/CAD was trading at 0.9876, down 0.22% at time of writing.

The pair was likely to find support at 0.9851, Monday's low, and resistance at 0.9987, Friday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.35% to hit 1.3533 and GBP/USD rising 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Falls On Profit Taking, Gold Pushes Out Of Congestion

Posted: 15 Feb 2011 07:09 PM PST

Commodities – Energy
Crude Falls on Profit Taking
Crude Oil (WTI) – $84.67 // $0.35 // 0.42%
Commentary: Crude oil fell modestly on Tuesday, as Brent shed $1.44, or 1.4%, to settle at $101.64 and WTI fell $0.49, or 0.58%, to settle at $84.32. Prices fell on profit taking, as U.S. equities declined following a disappointing reading on retail sales (0.3% vs 0.5% expected). Earlier, China's Consumer Price Index was shown to have risen less than expected in January, 4.9% year-over-year versus … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up During Asian Trade

Posted: 15 Feb 2011 06:30 PM PST

Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Wednesday.

AUD/USD was trading at 0.9990, up 0.25% at time of writing.

The pair was likely to find support at 0.9944, Tuesday's low, and resistance at 1.0074, Monday's high.

Meanwhile, the Australian Dollar was down against the Euro and up against the Japanese Yen, with EUR/AUD gaining 0.04% to hit 1.3544 and AUD/JPY rising 0.26% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: USD/JPY Trading Above ST Resistance

Posted: 15 Feb 2011 06:22 PM PST

Last week we advertised the USD/JPY wedge below and now we see the pair has broken to the upside and further appreciation could be in store. The next significant level seems to be the middle of the 84 handle where we see the December top and the 200 day mavg beyond that. The upside for the pair could be enormous as inflation in Japan continues to be nonexistent and the economy is slow to recover from the recession, while energy and food prices soar, which will further hinder their … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Obama’s Budget Is A Fantastic Comedy

Posted: 15 Feb 2011 05:35 PM PST

Courtesy of Chris Martenson 

Fantasy or comedy?  I couldn't decide which way to label the Obama budget, so I went with both.
The bottom line is that the Obama administration has brought forth the most unbelievable revenue increase that I have ever seen proposed in a budget, a whopping 65% increase in revenues in just four years, which will – miracle of miracles – drop the deficit as a percent of GDP from nearly 11% to just 3.2% over those same four years.
The only problem with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

For You Daryl Hall Fans- Live From Daryls House

Posted: 15 Feb 2011 05:35 PM PST

click here for concert By livefromdarylshouse.com
By livefromdarylshouse.com
… [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Tuesday, February 15, 2011

Posted: 15 Feb 2011 04:52 PM PST

Stocks eased today with the declines ranging between 0.3% and 0.5% on the DJIA, S&P 500, and Nasdaq Composite.  Investor participation picked up and market breadth turned negative.  The losses weren’t enough to adversely change the support/resistance levels materially.  In fact, we are raising the support levels on the DJIA, S&P 500, and Nasdaq Composite based on the trend (see below).  In addition, the resistance levels are basically unchanged (see … [visit site to read more] or compare Best Credit Cards and Best CD Rates

For You Daryl Hall Fans- Live From Daryls House

Posted: 15 Feb 2011 04:35 PM PST

Courtesy of John Nyaradi
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For You Daryl Hall Fans- Live From Daryls House
Ask the Experts, eWallstreeter | mitchell | February 15, 2011 5:35 … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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