DailyMarkets.com - Are The Wild Teacher Protests In Wisconsin A Prelude To The Economic Riots That Are Coming To America?

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• Are The Wild Teacher Protests In Wisconsin A Prelude To The Economic Riots That Are Coming To America?
• Foreclosure: Banks To Pay Penalty
• Forex – AUD/USD Down In European Trading Hours
• Rick Davis Addresses “The Broken Window Fallacy”
• Foreclosure: Banks To Pay Penalty
• Forex – USD/CHF Up During The European Session
• Forex – GBP/USD Up On Economic Data
• U.K. Retail Sales Rise More-than-expected
• Central Bank Of Chile Raises Rate 25bps To 3.50%
• Forex – USD/JPY Up In European Trade
• Forex – EUR/USD Down In European Trading Hours
• Forex – GBP/USD Up During The European Session
• Bear Of The Day: ProAssurance Corp. (PRA)
• Bull Of The Day: Moody's Corp. (MCO)
• Aggressive Growth Stock: The Cooper Companies, Inc
• Growth & Income Stock: Tupperware Brands Corporation
• Momentum Stock: Whole Foods Market, Inc.
• Asian Markets Mixed At Close; Nikkei Up 0.06%
• Wider Net Loss At Cell Therapeutics
• Forex – EUR/USD Down During The Asian Session
• Wider Net Loss At Cell Therapeutics
• Forex – GBP/USD Up In Asian Trade
• Forex – EUR/CHF Up In Asian Trading Hours
• GBP/AUD Targets 1.58, 1.5750 Below 1.5930
• Crude Gets A Boost From New Equity Highs, Gold Continues To Rally
• Forex – USD/CHF Up During Asian Trade
• The Unsustainable College Textbook Bubble
• Forex – EUR/GBP Up During The Asian Session
• Forex – USD/JPY Up During Asian Trade
• Am I Missing Something?
• Forex – USD/CAD Up In Asian Trading Hours
• Forex – AUD/USD Down During Asian Trade
• Forex – EUR/USD Down During The Asian Session
• Forex – EUR/JPY Up During Asian Trade
• Stock Market Summary For Thursday, February 17, 2011

Are The Wild Teacher Protests In Wisconsin A Prelude To The Economic Riots That Are Coming To America? Posted: 18 Feb 2011 03:46 AM PST Have you seen video of the teacher protests that are going on in Wisconsin?  We haven’t seen anything like this in America in quite some time.  If you haven’t seen video of the protests yet, some very good raw footage is posted below.  On the one hand it is good to see Americans coming together and standing up for what they believe in, but on the other hand what these teachers are freaking out about shows just how much America has changed.  These teachers are not protesting for … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Foreclosure: Banks To Pay Penalty Posted: 18 Feb 2011 03:01 AM PST Following the detection of critical deficiencies related to the foreclosure process,U.S. bank regulators are preparing to punishmortgage servicers, Reuters reported on Wednesday. Though the extent of penalty is still to be decided by the regulators, we can presume that it would come as a lesson to mortgage servicers and abate the looming threat on housing recovery. Why and How of “Critical Deficiencies” Referring the nationwide investigation related to the paperwork and procedures of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down In European Trading Hours Posted: 18 Feb 2011 03:00 AM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Friday. AUD/USD was trading at 1.0107, down 0.12% at time of writing. The pair was likely to find support at 0.9944, Tuesday's low, and resistance at 1.0138, today's high. Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.24% to hit 1.3418 and AUD/JPY falling 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Rick Davis Addresses “The Broken Window Fallacy” Posted: 18 Feb 2011 02:33 AM PST I recently commented to Rick Davis of Consumer Metrics Institute that I love his site because each and every time I visit, I learn something. How good is that? Outstanding and further reason why Rick continues to elevate himself within the Sense on Cents Hall of Fame. Do yourself a favor and throw Consumer Metrics Institute in your favorites. You will not be disappointed. What does Rick bring us lately? A great piece hearkening back to the mid-1800s. Let's navigate as Rick writes, We have … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Foreclosure: Banks To Pay Penalty Posted: 18 Feb 2011 02:25 AM PST Following the detection of critical deficiencies related to the foreclosure process,U.S. bank regulators are preparing to punishmortgage servicers, Reuters reported on Wednesday. Though the extent of penalty is still to be decided by the regulators, we can presume that it would come as a lesson to mortgage servicers and abate the looming threat on housing recovery. Why and How of “Critical Deficiencies” Referring the nationwide investigation related to the paperwork and procedures of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Up During The European Session Posted: 18 Feb 2011 02:20 AM PST Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Friday. USD/CHF was trading at 0.9532, up 0.37% at time of writing. The pair was likely to find support at 0.9479, Thursday's low, and resistance at 0.9744, Monday's high. Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.40% to hit 1.3555 and USD/JPY rising 0.15% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up On Economic Data Posted: 18 Feb 2011 01:45 AM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Friday after the release of U.K. data on Retail Sales. GBP/USD was trading at 1.6213, up 0.24% at time of writing. The pair was likely to find support at 1.5982, Monday's low, and resistance at 1.6232, today's high. Earlier in the day, official data showed that retail sales in the U.K. rose more-than-expected to a seasonally adjusted 1.90% last month, from -1.40% in the preceding month whose figure was revised down from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.K. Retail Sales Rise More-than-expected Posted: 18 Feb 2011 01:45 AM PST Forex Pros – Retail sales in the U.K. rose more-than-expected last month, official data showed on Friday. In a report, U.K. Office for National Statistics said that retail sales rose to 1.90%, from -1.40% in the preceding month whose figure was revised down from -0.80%. Analysts had expected retail sales to rise 0.50% last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Central Bank Of Chile Raises Rate 25bps To 3.50% Posted: 18 Feb 2011 01:38 AM PST The Banco Central de Chile (Central Bank of Chile) increased the monetary policy rate by 25 basis points to 3.50% from 3.25%. The Bank noted “that it will be necessary to continue to reduce the monetary stimulus in the coming months” as the Chilean economy continues to strengthen and as short-term inflation expectations rise. Chile recorded inflation of 2.7% in January this year; which is nearing the Bank’s 3% (+/- 1%) inflation … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up In European Trade Posted: 18 Feb 2011 01:30 AM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday. USD/JPY was trading at 83.45, up 0.17% at time of writing. The pair was likely to find support at 83.10, Monday's low, and resistance at 83.97, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.19% to hit 1.3583 and GBP/USD rising 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down In European Trading Hours Posted: 18 Feb 2011 12:55 AM PST Forex Pros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.3576, down 0.24% at time of writing. The pair was likely to find support at 1.3429, Monday's low, and resistance at 1.3627, Thursday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.34% to hit 0.8385 and EUR/JPY falling 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up During The European Session Posted: 18 Feb 2011 12:10 AM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Friday. GBP/USD was trading at 1.6209, up 0.22% at time of writing. The pair was likely to find support at 1.5982, Monday's low, and resistance at 1.6220, today's high. Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.36% to hit 0.8384 and GBP/JPY rising 0.31% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: ProAssurance Corp. (PRA) Posted: 17 Feb 2011 11:05 PM PST We are downgrading our recommendation on ProAssurance Corp. (NYSE:PRA) from Neutral to Underperform, owing to the decline in net premiums and increased total expenses, which also resulted in the deterioration of the top line and the combined ratio. In addition, third quarter earnings declined year over year, though in line with the Zacks Consensus Estimate. Though the company has significantly expanded its footprint with the recent acquisition of American Physicians Service Group, and deployed … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: Moody's Corp. (MCO) Posted: 17 Feb 2011 11:05 PM PST Moody’s Corp.’s (NYSE:MCO) fourth quarter 2010 earnings beat the Zacks Consensus Estimate based on higher revenues that also exceeded expectations. The results reflect strong activity in corporate and financial institution debt markets, largely driven by a high-yield bond and higher bank loan issuance. Given the company’s strong revenue and earnings trends and moderating regulatory concerns, we have raised our revenue and earnings estimates for 2011. However, weak Structured Finance business and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: The Cooper Companies, Inc Posted: 17 Feb 2011 11:05 PM PST The Cooper Companies, Inc. (NYSE:COO) is on a roll. Shares are surging but thanks to the influx of upward earnings estimate revisions, the valuations are still in check. If you are looking to get into a company ahead of its earnings report, this Zacks #2 Rank (Buy) is worth a look. Company Description The Cooper Companies is a global medical products maker focusing on specialty healthcare. The company operates through its subsidiaries, CooperVision and CooperSurgical. Estimates Climbing Over the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Tupperware Brands Corporation Posted: 17 Feb 2011 11:05 PM PST Tupperware Brands Corporation (NYSE:TUP) recently reported its second consecutive positive earnings surprise on strong sales in North America and the emerging markets of Asia Pacific. Following the solid quarter, management gave 2011 guidance above the Zacks Consensus Estimate, prompting analysts to revise their estimates higher. With its high margins and strong cash flow, Tupperware has been able to return value to shareholders through stock buybacks and a dividend that yields 2.2%. Fourth … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Whole Foods Market, Inc. Posted: 17 Feb 2011 11:05 PM PST Whole Foods Market, Inc. (NASDAQ:WFMI) recently spiked to a new multi-year high after reporting strong Q4 results that included a 13% earnings surprise. With an average earnings surprise of 14% over the last four quarters and bullish growth projection, this Zacks #2 rank stock offers a healthy take on momentum. Company Description Whole Foods Market, Inc. owns and operates a chain of organic grocery stores mostly in the United States and various international locations. The company was founded in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asian Markets Mixed At Close; Nikkei Up 0.06% Posted: 17 Feb 2011 11:00 PM PST Forex Pros – Asian stocks were mixed after the closing bell on Friday. At the close of Asian trade, Japan's Nikkei 225 index rose 0.06%, Australia's S&P/ASX 200 index shed 0.03%, while Hong Kong's Hang Seng Index was trading 1.09% up. Meanwhile, the outlook for U.S. equity markets was downbeat. Dow Jones Industrial Average futures indicated a loss of 0.02%, S&P 500 futures pointed to a decrease of 0.02% and Nasdaq 100 futures indicated a fall of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Wider Net Loss At Cell Therapeutics Posted: 17 Feb 2011 10:35 PM PST Cell Therapeutics (CTIC) suffered a net loss of $34.1 million (4 cents per share) in the fourth quarter of 2010, compared with a net loss of $27.4 million (5 cents per share) suffered in the year-ago quarter. The lower loss per share in the reported quarter was due to a higher share count (760 million versus 570.6 million). The Zacks Consensus Estimate for the reported quarter was a loss of 2 cents per share. Cell Therapeutics did not generate any revenue during the reported quarter versus … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session Posted: 17 Feb 2011 10:20 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.3599, down 0.07% at time of writing. The pair was likely to find support at 1.3429, Monday's low, and resistance at 1.3627, Thursday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.04% to hit 0.8410 and EUR/JPY falling 0.10% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Wider Net Loss At Cell Therapeutics Posted: 17 Feb 2011 10:05 PM PST Cell Therapeutics (CTIC) suffered a net loss of $34.1 million (4 cents per share) in the fourth quarter of 2010, compared with a net loss of $27.4 million (5 cents per share) suffered in the year-ago quarter. The lower loss per share in the reported quarter was due to a higher share count (760 million versus 570.6 million). The Zacks Consensus Estimate for the reported quarter was a loss of 2 cents per share. Cell Therapeutics did not generate any revenue during the reported quarter versus … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up In Asian Trade Posted: 17 Feb 2011 09:50 PM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Friday. GBP/USD was trading at 1.6177, up 0.02% at time of writing. The pair was likely to find support at 1.5982, Monday's low, and resistance at 1.6186, Thursday's high. Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8412 and GBP/JPY falling 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Up In Asian Trading Hours Posted: 17 Feb 2011 09:20 PM PST Forex Pros – The Euro was higher against the Swiss Franc on Friday. EUR/CHF was trading at 1.2926, up 0.001% at time of writing. The pair was likely to find support at 1.2901, Thursday's low, and resistance at 1.3202, Monday's high. Meanwhile, the Euro was down against the U.S. Dollar and the Japanese Yen, with EUR/USD shedding 0.01% to hit 1.3608 and EUR/JPY falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

GBP/AUD Targets 1.58, 1.5750 Below 1.5930 Posted: 17 Feb 2011 09:03 PM PST GBP/AUD - The GBP/AUD has been ranging as seen in the 4H chart, and has respect the range resistance. It is now in  the middle of the range, so the bias is not very clear simply based on this chart pattern. However the RSI shows existing bullish momentum. - Now the RSI is attacking 40, and the price action is attacking a pivot near 1.5950. - We see the 61.8% retracement level at 1.5930 so this is an important support, the 1.5930-1.5950 zone. If this is broken, and the RSI breaks below … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Gets A Boost From New Equity Highs, Gold Continues To Rally Posted: 17 Feb 2011 08:51 PM PST Commodities – Energy Crude Gets a Boost from New Equity Highs Crude Oil (WTI) – $86.30 // $0.06 // 0.07% Commentary: Oil prices mostly rose on Thursday, with WTI adding $1.37, or 1.61%, to settle at $86.36, while Brent bucked the trend, falling $1.19, or 1.15%, to settle at $102.59. The S&P 500 U.S. equity index hit a fresh 32-month high, as stocks continue to climb relentlessly. Economic data for the data was highlighted by the release of January U.S. Consumer Price Index figures, which … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Up During Asian Trade Posted: 17 Feb 2011 08:50 PM PST Forex Pros – The U.S. Dollar was higher against the Swiss Franc on Friday. USD/CHF was trading at 0.9497, up 0.001% at time of writing. The pair was likely to find support at 0.9479, Thursday's low, and resistance at 0.9744, Monday's high. Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.001% to hit 1.3609 and USD/JPY falling 0.06% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Unsustainable College Textbook Bubble Posted: 17 Feb 2011 08:30 PM PST  Kevin “Angus” Grier points out that Greg Mankiw’s new textbook (6th edition) has a list price of $238.95, but sells at a discount for “only” $191.16 on Amazon; same price as the Gwartney economics textbook.  Hey, isn’t that “collusion” or “price fixing?” As Angus comments: “These days, given that you could make yourself a pretty good free principles text just by downloading relevant Wikipedia entries, I don’t see how these rents can be sustained over the long run (I am aware that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Up During The Asian Session Posted: 17 Feb 2011 08:20 PM PST Forex Pros – The Euro was higher against the British Pound on Friday. EUR/GBP was trading at 0.8416, up 0.02% at time of writing. The pair was likely to find support at 0.8356, Tuesday's low, and resistance at 0.8450, Wednesday's high. Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.04% to hit 1.3614 and EUR/JPY rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up During Asian Trade Posted: 17 Feb 2011 07:40 PM PST Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Friday. USD/JPY was trading at 83.33, up 0.02% at time of writing. The pair was likely to find support at 83.10, Monday's low, and resistance at 83.97, Wednesday's high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.02% to hit 1.3606 and GBP/USD falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Am I Missing Something? Posted: 17 Feb 2011 07:29 PM PST Just so I understand, when the bulls get all excited and say that things are looking up, are they referring to the fact that: More people are having a hard time finding work – “Gallup Finds U.S. Unemployment Up to 10.0% in Mid-February” (Gallup) Underemployment surged to 19.6% in mid-February from 18.9% at the end of January. PRINCETON, NJ — Unemployment, as measured by Gallup without seasonal adjustment, hit 10.0% in mid-February — up from 9.8% at the end of January. – and more senior … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Up In Asian Trading Hours Posted: 17 Feb 2011 07:10 PM PST Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Friday. USD/CAD was trading at 0.9848, up 0.03% at time of writing. The pair was likely to find support at 0.9816, Thursday's low, and resistance at 0.9904, Tuesday's high. Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.04% to hit 1.3604 and GBP/USD rising 0.001% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Down During Asian Trade Posted: 17 Feb 2011 06:30 PM PST Forex Pros – The Australian Dollar was lower against the U.S. Dollar on Friday. AUD/USD was trading at 1.0111, down 0.08% at time of writing. The pair was likely to find support at 0.9944, Tuesday's low, and resistance at 1.0130, Thursday's high. Meanwhile, the Australian Dollar was up against the Euro and down against the Japanese Yen, with EUR/AUD shedding 0.02% to hit 1.3447 and AUD/JPY falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down During The Asian Session Posted: 17 Feb 2011 06:05 PM PST Forex Pros – The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.3598, down 0.08% at time of writing. The pair was likely to find support at 1.3429, Monday's low, and resistance at 1.3627, Thursday's high. Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.03% to hit 0.8412 and EUR/JPY falling 0.04% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Up During Asian Trade Posted: 17 Feb 2011 05:35 PM PST Forex Pros – The Euro was higher against the Japanese Yen on Friday. EUR/JPY was trading at 113.40, up 0.02% at time of writing. The pair was likely to find support at 112.10, Monday's low, and resistance at 113.67, Thursday's high. Meanwhile, the Euro was down against the U.S. Dollar and the British Pound, with EUR/USD shedding 0.04% to hit 1.3604 and EUR/GBP falling 0.01% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Thursday, February 17, 2011 Posted: 17 Feb 2011 04:33 PM PST Stocks opened weak but recovered to finish with small gains and at new highs once again.  Market breadth was good but investor participation wasn’t impressive.  As a result, we are raising the support/resistance levels on the DJIA, S&P 500, and Nasdaq Composite (see below).  One thing to note is the action of corporate insiders.  Currently, they are selling shares in amounts not seen in a very long time.  They usually are a good indicator of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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