DailyMarkets.com - Is Barack Obama’s Budget For 2012 A Complete Joke?

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• Is Barack Obama’s Budget For 2012 A Complete Joke?
• Debt Crisis: Why The Worst Is Yet To Come
• Forex – EUR/JPY Hits 2-day High As Risk Sentiment Improves
• Forex – USD/CHF Edges Lower After Tame Chinese Inflation Data
• Forex Trading: Euro Continues Higher, Finds 61.8% On Hourly
• Euro Zone GDP Rises Less-than-expected In Q4
• German ZEW Economic Sentiment Rises Less-than-expected
• Forex – EUR/GBP Hits Fresh Daily High After As-expected U.K. CPI
• U.K. Consumer Price Inflation Rises In Line With Expectations
• European Stocks Rise On Barclays, Financials; DAX Up 0.19%
• Forex – Dollar Mixed Vs. Rivals After Soft Chinese CPI Number
• Forex – GBP/USD At Daily High As U.K. CPI Report Eyed
• Forex – USD/JPY Close To 5-week High After China Inflation Data
• Forex – NZD/USD Hits Daily Low After Weak Chinese CPI Data
• Forex – AUD/USD Erases Gains After Soft China Inflation Data
• Asia Stocks Mixed After China Inflation Data; Nikkei Up 0.2%
• Forex – EUR/USD Edges Lower After German GDP Disappoints
• German GDP Rises Less-than-expected In Q4
• Forex Trading: Euro Lower After Worse French And German Prelim GDP
• Bank Of Japan Leaves Interest Rate Unchanged
• Aggressive Growth Stock: Fabrinet
• Momentum Stock: Tractor Supply Co.
• Growth & Income Stock: MAXIMUS, Inc.
• Bull Of The Day: Estee Lauder Companies (EL)
• Bear Of The Day: Thoratec Corp. (THOR)
• French GDP Rises Less-than-expected
• Forex – EUR/USD Up During The Asian Session
• Forex – EUR/JPY Up During The Asian Session
• Forex – GBP/USD Up In Asian Trade
• Forex – EUR/CHF Up In Asian Trading Hours
• Forex – USD/CHF Down During Asian Trade
• Japan’s Per-Capita GDP Is 10X Greater Than China
• As Chinese Exporters Go Down, Western Importers Are Ambushed (Guest Post)
• Forex – EUR/GBP Up During The Asian Session
• Crude Oil Rises As Momentum Continues, Gold Tests $1366 Resistance Again
• Singapore Stock Market Update For Tuesday 15 February
• Forex – USD/JPY Down During Asian Trade
• Forex – USD/CAD Down In Asian Trading Hours
• The Economics And Logic Of Ticket Scalping: Don’t Let The Shitbag, Economic Retard Musicians Win
• Forex – AUD/USD Up During Asian Trade
• Stock Market Summary For Monday, February 14, 2011

Is Barack Obama’s Budget For 2012 A Complete Joke? Posted: 15 Feb 2011 03:35 AM PST Is Barack Obama trying to play a joke on all of us?  The budget that the Obama administration has submitted for fiscal 2012 is so out of touch with reality that it may as well be a budget for “Narnia”, “Fantasy Island”, “Atlantis” or some other mythical land.  You can view the hard numbers for Barack Obama’s 2012 budget right here.  Obama’s budget assumes that the U.S. will experience economic growth of over 5 percent for most of the coming decade.  That is so far-fetched that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Debt Crisis: Why The Worst Is Yet To Come Posted: 15 Feb 2011 03:25 AM PST I know it is borrowing stuff…government statistics and projections. But it's important for my readers to see how out-of-control the debt crisis in America is. Eventually, the day of reckoning will come when the homemade debt crisis will affect the stock market, the economy and, of course, our investments and businesses. Most forecasts now have the U.S. government deficit for the current fiscal year pegged at $1.6 trillion, about $200 billion more than the Obama Administration has … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Hits 2-day High As Risk Sentiment Improves Posted: 15 Feb 2011 03:05 AM PST Forex Pros – The euro hit a two-day high against the yen on Tuesday, amid improved risk appetite after Chinese consumer prices rose less-than-expected in January and as Australia’s central bank remained upbeat on the global economy. EUR/JPY hit 113.15 during European morning trade, the pair's highest since Friday; the pair subsequently consolidated at 112.99, gaining 0.54%. The pair was likely to find support at 112.07, Monday's low and resistance at 113.43, Friday's high and a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Edges Lower After Tame Chinese Inflation Data Posted: 15 Feb 2011 02:47 AM PST Forex Pros – The U.S. dollar was slightly lower against the Swiss franc on Tuesday, after official data showing that Chinese inflation rose more slowly than expected in January saw a modest improvement in risk appetite. USD/CHF hit 0.9682 during European morning trade, the pair's lowest since Thursday; the pair subsequently consolidated at 0.9691, dipping 0.09%. The pair was likely to find support at 0.9573, Thursday's low and resistance at 0.9775, Friday's high and a one-month … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Euro Continues Higher, Finds 61.8% On Hourly Posted: 15 Feb 2011 02:28 AM PST The session high of 1.3546 finds the EUR/USD at the 61.8% line on the move mentioned earlier (Feb 11th down to yesterday's lows), but immediately came off. The euro is still continuing higher despite mostly worse than expected economic releases out this session with the exception of a better than expected Italian trade balance. Further upward momentum could see the pair visit 1.35764: where the 100 hour moving average and an old support level … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Euro Zone GDP Rises Less-than-expected In Q4 Posted: 15 Feb 2011 02:14 AM PST Forex Pros – The euro zone's economy grew less-than-expected during the fourth quarter of 2010, preliminary official data showed on Tuesday. In a report, Eurostat, the statistical office of the European Union, said the euro zone's gross domestic product increased by a seasonally adjusted rate of 0.3% in the fourth quarter, after rising by 0.3% in the preceding quarter. Analysts had expected euro zone gross domestic product to rise by 0.4% in the fourth quarter. According to the data, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

German ZEW Economic Sentiment Rises Less-than-expected Posted: 15 Feb 2011 02:08 AM PST Forex Pros – German economic sentiment rose less-than-expected in February, data showed on Tuesday. In a report, the ZEW Centre for Economic Research said that its index of German economic sentiment rose to 15.7 in January, up from 15.4 in December. Analysts had expected the index to rise to 20.2 in February. On the index, a level above 0.0 indicates optimism; a level below 0.0 indicates pessimism. Commenting on the report, ZEW President Wolfgang Franz said, "The almost unaltered level … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Hits Fresh Daily High After As-expected U.K. CPI Posted: 15 Feb 2011 01:58 AM PST Forex Pros – The euro rose to a fresh daily high against the pound on Tuesday, after official data showed that U.K. consumer prices rose in line with economists’ expectations in January, disappointing investors who hoped for a higher reading. EUR/GBP hit 0.8444 during European morning trade, the daily high; the pair subsequently consolidated at 0.8433, gaining 0.29%. The pair was likely to find support at 0.8388, the low of February 7 and a three-week low and resistance at 0.8527, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.K. Consumer Price Inflation Rises In Line With Expectations Posted: 15 Feb 2011 01:36 AM PST Forex Pros – Consumer price inflation in the U.K. rose in line with expectations in January, jumping to the highest level since November 2008, official data showed on Tuesday. In a report, the U.K. Office for National Statistics said that the rate of consumer price inflation rose broadly in line with expectations to a seasonally adjusted 4.0% in January, up from 3.7% in December. The rate of inflation was significantly higher than the Bank of England's 2.0% target. The BoE Governor is … [visit site to read more] or compare Best Credit Cards and Best CD Rates

European Stocks Rise On Barclays, Financials; DAX Up 0.19% Posted: 15 Feb 2011 01:25 AM PST Forex Pros – European stock markets were broadly higher on Tuesday, as shares in the financial sector were boosted by gains in British banking giant Barclays, while U.S. futures indexes pointed to a mixed open on Wall Street. During European morning trade, the EURO STOXX 50 climbed 0.52%, France's CAC 40 added 0.38%, while Germany’s DAX was up 0.19%. Shares in the financial sector performed strongly after British banking giant Barclays reported better-than-expected earnings for the 2010 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Mixed Vs. Rivals After Soft Chinese CPI Number Posted: 15 Feb 2011 12:55 AM PST Forex Pros – The U.S. dollar was mixed against its major counterparts on Tuesday, after a Chinese report showing that inflation rose more slowly than expected in January supported risk appetite. During European morning trade, the greenback was down against the euro, with EUR/USD climbing 0.18% to hit 1.3512. Earlier in the day, official data showed that the German economy expanded at the slowest pace in a year in the fourth quarter. The greenback was also down against the pound, with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD At Daily High As U.K. CPI Report Eyed Posted: 15 Feb 2011 12:41 AM PST Forex Pros – The pound rose to a daily high against the U.S. dollar on Tuesday, ahead of the release of U.K. data on consumer prices, with expectations for an interest rate rise in the near term providing strong support. GBP/USD hit 1.6062 during European morning trade, the daily high; the pair subsequently consolidated at 1.6058, gaining 0.12%. Cable was likely to find support at 1.5981, Monday's low and resistance at 1.6112, Friday's high. The pound has rallied since the beginning of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Close To 5-week High After China Inflation Data Posted: 15 Feb 2011 12:25 AM PST Forex Pros – The U.S. dollar was up against the yen on Tuesday, trading close to a five-week high, after a Chinese report showing that inflation rose less-than-expected in January dampened demand for the safe haven yen. USD/JPY hit 83.62 during early European trade, the pair's highest since Friday; the pair subsequently consolidated at 83.55, gaining 0.28%. The pair was likely to find support at 83.09, Monday's low and short-term resistance at 83.66, Friday's high and a five-week … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Hits Daily Low After Weak Chinese CPI Data Posted: 15 Feb 2011 12:07 AM PST Forex Pros – The New Zealand dollar fell to a daily low against its U.S. counterpart on Tuesday, after official data showed that Chinese consumer prices rose less-than-expected in January. NZD/USD hit 0.7546 during late Asian trade, the daily low; the pair subsequently consolidated at 0.7554, slipping 0.15%. The pair was likely to find support at 0.7489, the low of December 28 and resistance at 0.764, Friday's high. Earlier in the day, China's statistics bureau said consumer prices … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Erases Gains After Soft China Inflation Data Posted: 14 Feb 2011 11:57 PM PST Forex Pros – The Australian dollar erased gains against its U.S. counterpart on Tuesday, following a report showing that Chinese consumer prices rose less-than-expected in January. AUD/USD retreated from 1.0058, the daily high, to hit 1.0002 during late Asian trade, shedding 0.24%. The pair was likely to find support at 0.9978, Monday's low and resistance at 1.0073, Monday's high. China's statistics bureau said consumer prices rose 4.9% last month from a year earlier compared with a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Stocks Mixed After China Inflation Data; Nikkei Up 0.2% Posted: 14 Feb 2011 11:54 PM PST Forex Pros – Asian stock markets were mixed on Tuesday, as market sentiment was boosted by lower-than-expected Chinese inflation data, while Japanese exporters advanced as the yen weakened.  During late Asian trade, Hong Kong’s Hang Seng Index slumped 0.88%, South Korea’s Kospi Composite shed 0.2%, while Japan's Nikkei 225 Index climbed 0.2%. Earlier in the day, official data showed that China's consumer price index rose less-than-expected in January. Elsewhere, the Bank of Japan … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Edges Lower After German GDP Disappoints Posted: 14 Feb 2011 11:40 PM PST Forex Pros – The euro edged down to a daily low against the U.S. dollar on Tuesday, following a report showing that the German economy expanded at the slowest pace in a year in the fourth quarter. EUR/USD hit 1.3467 during late Asian trade, the daily low; the pair subsequently consolidated at 1.3471, sliding 0.11%. The pair was likely to find support at 1.3367, the low of January 19 and resistance at 1.362, last Thursday's high. Germany's Federal Statistics Office said that gross … [visit site to read more] or compare Best Credit Cards and Best CD Rates

German GDP Rises Less-than-expected In Q4 Posted: 14 Feb 2011 11:22 PM PST Forex Pros – Germany’s gross domestic product rose less-than-expected in the fourth quarter, official preliminary data showed on Tuesday. In a report, Destatis, Germany's federal statistical office said that German GDP rose by a seasonally adjusted 0.4% in the fourth quarter, after rising by 0.7% in the preceding quarter. Analysts had expected Germany's gross domestic product to rise by 0.5% in the fourth quarter. According to the data, Germany's economy grew at an annualized rate of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Euro Lower After Worse French And German Prelim GDP Posted: 14 Feb 2011 11:14 PM PST The euro took a hit recently with worse than expected preliminary GDP numbers out of France and Germany. After trading higher since yesterday, the EUR/USD pair has seen recent selling and is now trading in the neighborhood of the 23.6% line on the move from February 11th highs to yesterday's lows. In the case of further selling, we see no significant levels between here and 1.34274. Some support could see the pair back near … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bank Of Japan Leaves Interest Rate Unchanged Posted: 14 Feb 2011 11:14 PM PST Forex Pros – The Bank of Japan kept its benchmark interest rate unchanged, it announced on Tuesday. In a statement, the BoJ said it was keeping its benchmark interest rate unchanged between a range of 0.0% to 0.1%, broadly in line with expectations. A statement on monetary policy released after the announcement showed that the Bank of Japan's nine-man policy board voted unanimously to maintain the interest rate at its current level. The bank added that Japan’s economy was gradually … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: Fabrinet Posted: 14 Feb 2011 11:05 PM PST Fabrinet (FN) is on fire after its recent earning surprise. Analysts are looking for double-digit growth over the next couple of years from this Zacks #1 Rank (Strong Buy). Company Description Fabrinet makes precision optical, electro-mechanical and electronic manufacturing services to OEMs, throughout the entire manufacturing process. From design to final assembly and testing. Beat the Street The Bangkok-based company reported second-quarter earnings results on Jan 31 that came in better … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Tractor Supply Co. Posted: 14 Feb 2011 11:05 PM PST Tractor Supply Co. (NASDAQ:TSCO) just a hit a new all-time high at $53.95 after spiking on a solid 8% Q4 earnings surprise. With estimates on the rise and a bullish growth projection, this Zacks #1 rank stock adds some agricultural flavor to momentum. Company Description Tractor Supply Co. operates retail farm and ranch stores in the United States. The company was founded in 1938 and has a market cap of $3.86 billion. Although TSCO has been trending higher for most of the last few months, shares got … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: MAXIMUS, Inc. Posted: 14 Feb 2011 11:05 PM PST MAXIMUS, Inc. (NYSE:MMS) recently reported fourth quarter EPS of 99 cents, beating the Zacks Consensus Estimate by 3 cents. Analysts’ estimates moved higher off the strong quarter, sending the stock to a Zacks #2 Rank (Buy). Based on the Zacks Consensus Estimate, analysts are expecting solid 13% EPS growth in both 2011 and 2012. The company has also been returning value to shareholders in the form of stock buybacks and a dividend increase. Valuation is reasonable, too, with shares trading at 17.4x … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: Estee Lauder Companies (EL) Posted: 14 Feb 2011 11:05 PM PST Estee Lauder Companies (NYSE:EL) is one of the leading players in the global cosmetics space and commands a strong portfolio of well-established brands. The company is currently undertaking initiatives to reduce overheads and optimize inventory levels, which augur well for future operating performance. Furthermore, Estee Lauder has a consistent track record of returning cash to shareholders in the form regular dividend payments. Additionally, the company reported a robust second quarter 2011, with … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Thoratec Corp. (THOR) Posted: 14 Feb 2011 11:05 PM PST We downgrade our rating for Thoratec Corp. (NASDAQ:THOR) to Underperform. Fourth-quarter fiscal 2010 revenues and earnings both missed the Zacks Consensus Estimates. Although Thoratec is still a growing company, its single product line and small size make it a riskier proposition. HeartWare has filed a PMA for a similar device, which will end Thoratec’s dominance for the BTT indication in late 2011 or early 2012, leaving it more dependent on the DT indication. However, growth estimates for the DT … [visit site to read more] or compare Best Credit Cards and Best CD Rates

French GDP Rises Less-than-expected Posted: 14 Feb 2011 10:45 PM PST Forex Pros – France's gross domestic product rose less-than-expected in the last quarter, preliminary official data showed on Tuesday. In a report, French National Institute for Statistics and Economic Studies said that French GDP rose to a seasonally adjusted 0.30%, from 0.30% in the preceding quarter. Analysts had expected French GDP to rise 0.60% in the last … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The Asian Session Posted: 14 Feb 2011 10:45 PM PST Forex Pros – The Euro was higher against the U.S. Dollar on Tuesday after the release of euro zone data on French GDP. EUR/USD was trading at 1.3513, up 0.18% at time of writing. The pair was likely to find support at 1.3429, Monday's low, and resistance at 1.3728, Thursday's high. Earlier in the day, preliminary official data showed that France's gross domestic product rose less-than-expected to a seasonally adjusted 0.30% in the last quarter from 0.30% in the preceding … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Up During The Asian Session Posted: 14 Feb 2011 10:15 PM PST Forex Pros – The Euro was higher against the Japanese Yen on Tuesday. EUR/JPY was trading at 112.91, up 0.46% at time of writing. The pair was likely to find support at 112.10, Monday's low, and resistance at 113.44, Friday's high. Meanwhile, the Euro was up against the U.S. Dollar and the British Pound, with EUR/USD gaining 0.22% to hit 1.3518 and EUR/GBP rising 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up In Asian Trade Posted: 14 Feb 2011 09:50 PM PST Forex Pros – The British Pound was higher against the U.S. Dollar on Tuesday. GBP/USD was trading at 1.6056, up 0.10% at time of writing. The pair was likely to find support at 1.5964, Friday's low, and resistance at 1.6138, Thursday's high. Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.14% to hit 0.8422 and GBP/JPY rising 0.22% 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: 14 Feb 2011 09:20 PM PST Forex Pros – The Euro was higher against the Swiss Franc on Tuesday. EUR/CHF was trading at 1.3094, up 0.07% at time of writing. The pair was likely to find support at 1.3054, Monday'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 0.15% to hit 1.3509 and EUR/JPY rising 0.28% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Down During Asian Trade Posted: 14 Feb 2011 08:50 PM PST Forex Pros – The U.S. Dollar was lower against the Swiss Franc on Tuesday. USD/CHF was trading at 0.9693, down 0.08% at time of writing. The pair was likely to find support at 0.9580, Thursday's low, and resistance at 0.9776, Friday's high. Meanwhile, the U.S. Dollar was down against the Euro and up against the Japanese Yen, with EUR/USD gaining 0.17% to hit 1.3512 and USD/JPY rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Japan’s Per-Capita GDP Is 10X Greater Than China Posted: 14 Feb 2011 08:37 PM PST The news media is making a big deal about the fact that China surpassed Japan in 2010 as the world’s second largest economy, see WSJ article here.  But on a per-capita basis, China’s GDP ranks #95 in the world, and is still lagging behind Ecuador and Iran. Japan’s per-capita GDP is about 10 times greater than China’s (see chart … [visit site to read more] or compare Best Credit Cards and Best CD Rates

As Chinese Exporters Go Down, Western Importers Are Ambushed (Guest Post) Posted: 14 Feb 2011 08:23 PM PST By Russ Winter At long last the mainstream media and Chinese advisories are picking up on the China export bust story that I have warned about for months. The New York Times ran this economic story of the decade last week, while infomercial commentators like CNBC and Bloomberg are sleeping through this bust. The twist on the story is that Chinese suppliers are in a triple world of hurt. Attempts to pass on substantially higher prices of 20-50% to American buyers were resisted. The events … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Up During The Asian Session Posted: 14 Feb 2011 08:20 PM PST Forex Pros – The Euro was higher against the British Pound on Tuesday. EUR/GBP was trading at 0.8418, up 0.10% at time of writing. The pair was likely to find support at 0.8398, Monday's low, and resistance at 0.8528, Thursday's high. Meanwhile, the Euro was up against the U.S. Dollar and the Japanese Yen, with EUR/USD gaining 0.19% to hit 1.3514 and EUR/JPY rising 0.20% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Rises As Momentum Continues, Gold Tests $1366 Resistance Again Posted: 14 Feb 2011 07:51 PM PST Commodities – Energy Crude Oil Rises as Momentum Continues Crude Oil (WTI) – $85.27 // $0.46 // 0.54% Commentary: Crude oil rose to a new 28-month high on Monday, with Brent adding $2.14, or 2.12%, to settle at $103.08. WTI continues to lag significantly amid pipeline and storage issues, as the benchmark actually lost $0.77, or 0.9%, to settle at $84.81. The positive momentum in financial markets continues to be relentless, as U.S. equities and commodities reach multi-month or all-time highs. … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Singapore Stock Market Update For Tuesday 15 February Posted: 14 Feb 2011 07:49 PM PST Morning Highlights There Are No Quick Picks For Today! Singapore stocks opened higher, with STI at 3110.43. However, index starts falling as many investors are cautious ahead of key inflation data from China. News Updates: President Barack Obama sent Congress a $3.7 trillion budget that projects the federal deficit will exceed $1 trillion for the fourth consecutive year in 2012 before falling to more “sustainable” levels by the middle of the decade. The deficit for the current fiscal year … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down During Asian Trade Posted: 14 Feb 2011 07:40 PM PST Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Tuesday. USD/JPY was trading at 83.28, down 0.04% at time of writing. The pair was likely to find support at 82.39, Thursday's low, and resistance at 83.67, Friday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.20% to hit 1.3516 and GBP/USD rising 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Down In Asian Trading Hours Posted: 14 Feb 2011 07:10 PM PST Forex Pros – The U.S. Dollar was lower against the Canadian Dollar on Tuesday. USD/CAD was trading at 0.9873, down 0.17% at time of writing. The pair was likely to find support at 0.9851, Monday's low, and resistance at 0.9988, Thursday's high. Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.22% to hit 1.3519 and GBP/USD rising 0.13% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Economics And Logic Of Ticket Scalping: Don’t Let The Shitbag, Economic Retard Musicians Win Posted: 14 Feb 2011 06:37 PM PST The economics of “ticket re-selling” aka “ticket scalping” is really pretty simple.  In general, there can only be a secondary market for tickets selling above face value if the following condition exists: The quantity of tickets demanded by fans has to be greater than the quantity of tickets supplied by the band, promoter, arena, stadium, etc., which results in a sold-out show and a secondary market for tickets selling above face value.  Obviously, without that condition, the show … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up During Asian Trade Posted: 14 Feb 2011 06:30 PM PST Forex Pros – The Australian Dollar was higher against the U.S. Dollar on Tuesday. AUD/USD was trading at 1.0053, up 0.25% at time of writing. The pair was likely to find support at 0.9961, Friday's low, and resistance at 1.0139, Thursday's high. Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.01% to hit 1.3449 and AUD/JPY rising 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Monday, February 14, 2011 Posted: 14 Feb 2011 04:45 PM PST The market continued with its winnings ways as stocks had small gains in Monday’s session.  Investor participation was quiet and market breadth was ok.  The risk trade was on again with energy stocks leading the way and utility stocks lagging.  Staying with the trend we are raising the support levels on the DJIA, S&P 500, and Nasdaq Composite (see below).  We are also raising the resistance levels on the S&P 500 and Nasdaq Composite (see below).  On the DJIA we … [visit site to read more] or compare Best Credit Cards and Best CD Rates

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