Thursday, February 24, 2011

DailyMarkets.com - Stagflation 2011: Why It Is Here And Why It Is Going To Be Very Painful

DailyMarkets.com - Stagflation 2011: Why It Is Here And Why It Is Going To Be Very Painful

Stagflation 2011: Why It Is Here And Why It Is Going To Be Very Painful

Posted: 24 Feb 2011 03:35 AM PST

Are you ready for an economy that has high inflation and high unemployment at the same time? Well, welcome to “Stagflation 2011″.  Stagflation exists when inflation and unemployment are both at high levels at the same time.  Of course we all know about the high unemployment situation already.  Gallup’s daily tracking poll says that the U.S. unemployment rate has been hovering around 10 percent all year so far.  But now thanks to rapidly rising food prices and the exploding price of … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Britain’s CBI Realized Sales Plunge In February

Posted: 24 Feb 2011 03:07 AM PST

Forex Pros – Retail sales in Britain fell significantly more-than-expected in February, industry data showed on Thursday.

In a report, the Confederation of British Industry said the result of its index of U.K. retailers dropped to 6 in February, down from 37 in January.

Analysts had expected the index to decline to 30 in February.

On the index, a reading above zero indicates higher sales volume, below indicates lower. 

According to the data, U.K. retailers do not expect any sales … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Down Vs. Most Rivals As Higher Oil Prices Weigh

Posted: 24 Feb 2011 02:02 AM PST

Forex Pros – The U.S. dollar was down against most of its major counterparts on Thursday, amid concerns that higher oil prices, fuelled by the ongoing unrest in Libya, will weigh on the U.S. economic recovery.

During European morning trade, the greenback was down against the euro, with EUR/USD climbing 0.34% to hit 1.3795.

Earlier in the day, Brent crude oil for April delivery was trading at USD116.51 a barrel, its highest level since August 2008, while the Nymex April contract was trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Trims Losses As Rate Hike Outlook Supports

Posted: 24 Feb 2011 01:47 AM PST

Forex Pros – The pound trimmed losses against the U.S. dollar on Thursday, pulling back from the daily low as expectations that the Bank of England will raise interest rates in coming months provided support.

GBP/USD retreated from 1.6144, the daily low, to hit 1.62 during European morning trade, slipping 0.06%.

Cable was likely to find support at 1.6131, Wednesday's low and resistance at 1.6274, Wednesday's high and a three-week high.

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

Euro Stocks Drop As Soaring Oil Prices Weigh; DAX Down 0.95%

Posted: 24 Feb 2011 01:35 AM PST

Forex Pros – European stock markets were broadly lower on Thursday, as violence in Libya continued and oil prices spiked to a 30-month high, while U.S. futures indexes pointed to a higher open on Wall Street.

During European morning trade, the EURO STOXX 50 dropped 0.53%, France's CAC 40 slumped 0.42%, while Germany’s DAX was down 0.95%.

Oil prices rallied for a sixth day, with U.S. crude climbing past USD100 for the first time since October 2008 amid concerns over a disruption to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Swiss Franc Soars To All-time High Against Dollar

Posted: 24 Feb 2011 01:12 AM PST

Forex Pros – The Swiss franc soared to an all-time high against the U.S. dollar on Thursday, as ongoing political unrest in Libya and surging oil prices spurred demand for the safe haven franc.

USD/CHF hit 0.9256 during European morning trade, the pair's all-time low; the pair subsequently consolidated at 0.9258, tumbling 0.79%.

The pair was likely to find support at 0.91 and resistance at 0.9334, the days high.

The Swissie's gains came as oil prices rallied amid fears that the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – Dollar Tumbles To 12-day Low Against Yen On Libya Unrest

Posted: 24 Feb 2011 12:48 AM PST

Forex Pros – The U.S. dollar tumbled to a 12-day low against the yen on Thursday, as concerns over escalating violence in Libya fuelled increased investor demand for the safe haven yen.

USD/JPY hit 81.84 during European morning trade, the pair's lowest since February 8; the pair subsequently consolidated at 81.86, tumbling 0.79%.

The pair was likely to find support at 81.4, the low of February 3 and resistance at 82.51, the day's high.

On Wednesday, U.S. President Barack Obama … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Pares Gains As Libya Fears Spur Safety Demand

Posted: 24 Feb 2011 12:34 AM PST

Forex Pros – The Australian dollar pared gains against its U.S. counterpart on Thursday, pulling back from a two-day high as continuing violence in Libya spurred demand for safe-haven assets.

AUD/USD retreated from 1.0083, the pair's highest since Tuesday, to hit 1.0025 during early European trade, easing up 0.03%.

The pair was likely to find support at 0.9966, Tuesday's low and resistance at 1.0095, Tuesday's high.

The Aussie's earlier gains came after data showed that business … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: Gbp/Usd Tests 200 Hour M/a

Posted: 24 Feb 2011 12:29 AM PST

Gbp/Usd tested its 200 hour m/a of 1.6146 in recent trade and could not break below. Short term resistance lies at 1.6165 which is the 61.8% fibo of move from 1.6272 down to 1.6099. Stronger resistance should come in at 1.6201 where the 100 hour m/a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Swiss Employment Level Rises Less-than-expected In Q4

Posted: 24 Feb 2011 12:20 AM PST

Forex Pros – The number of people employed in Switzerland rose slightly less-than-expected in the fourth quarter, official data showed on Thursday.

In a report, the Swiss Federal Statistics Office said that the number of employed people in Switzerland rose to a seasonally adjusted 4.09 million during the fourth quarter, up from 4.08 million in the preceding quarter.

Analysts had expected the Swiss employment level to rise to 4.10 million in the fourth quarter.

The report showed that … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Nears 2-month Low On RBNZ Rate Cut Speculation

Posted: 24 Feb 2011 12:17 AM PST

Forex Pros – The New Zealand dollar was trading close to a two-month low against its U.S. counterpart on Thursday, amid speculation that the Reserve Bank of New Zealand will cut interest rates to support the economy after Tuesday's devastating earthquake.

NZD/USD hit 0.743 during late Asian trade, the daily low; the pair subsequently consolidated at 0.7435, shedding 0.24%.

The pair was likely to find support at 0.7395, the low of December 23 and resistance at 0.749, the day's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Asia Stocks Fall As Libya Turmoil Continues; Nikkei Drops 1.19%

Posted: 23 Feb 2011 11:50 PM PST

Forex Pros – Asian stock markets were broadly lower on Thursday, as concerns over ongoing violence in Libya and surging oil prices weighed on market sentiment. 

During late Asian trade, Hong Kong’s Hang Seng Index slumped 1.42%, South Korea’s Kospi Composite shed 0.76%, while Japan's Nikkei 225 Index dropped 1.19%.

Oil prices rallied for a sixth day, hitting a 29-month high amid concerns over a disruption to supplies from Libya, prompting concerns that the economic recoveries in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Eases Off 3-week High, Supported By Rate View

Posted: 23 Feb 2011 11:39 PM PST

Forex Pros – The euro eased off a three-week high against the U.S. dollar on Thursday, as concerns over the escalating situation in the Middle East, particularly in Libya, continued to fuel risk aversion.

EUR/USD hit 1.3727 during late Asian trade, the daily low; the pair subsequently consolidated at 1.3729, easing down 0.12%.

The pair was likely to find support at 1.3646, Wednesday's low and short-term resistance at 1.3786, Wednesday's high and a three-week high.

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

German GDP Rises In Line With Expectations In Q4

Posted: 23 Feb 2011 11:19 PM PST

Forex Pros – Germany’s gross domestic product grew in line with expectations in the fourth quarter, unchanged from a preliminary estimate, official data showed on Thursday.

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 0.4% in the fourth quarter.

According to the data, Germany's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Aggressive Growth Stock: NVIDIA Corp.

Posted: 23 Feb 2011 11:05 PM PST

NVIDIA (NASDAQ:NVDA) shares have started off 2011 on a hot streak, but its not too late to get in.
Estimates are soaring after the recent earnings surprise but shares of this Zacks #1 Rank (Strong Buy) are at a fantastic entry point.
Company Description
NVIDIA provides visual computing technologies that allow interactive PCs, video games and mobile devices. Its main segment is the Graphic Processing Unit, or GPU, which allows for dramatically realistic images.
Recently the CEO said, “Even as we are … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Momentum Stock: Rosetta Resources, Inc.

Posted: 23 Feb 2011 11:05 PM PST

Rosetta Resources, Inc. (NASDAQ:ROSE) just hit a new multi-year high at $43.47 as crude spikes higher on turmoil in the Middle East. With estimates on the rise and a bullish growth projection, this Zacks #1 rank stock has plenty of upward momentum.
Company Description
Rosetta Resources, Inc. operates as a domestic explorer of natural gas and crude and has a market cap of $2.27 billion.
Higher crude prices have given the domestic explorers a big boost, on display when Rosetta reported strong Q3 … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bull Of The Day: Nvidia Corp. (NVDA)

Posted: 23 Feb 2011 11:05 PM PST

Nvidia Corp. (NASDAQ:NVDA) is a worldwide leader in visual computing technologies. The company reported decent fourth-quarter numbers, but is optimistic about its long-term growth with the gradual recovery in demand for graphic chips.
Moreover, the company rolled out the first quad-core mobile processor. The company also received $1.5 billion in a licensing agreement with Intel Corp. that spans for six years.
The stock has traded in a trailing twelve month P/E of 36.3x, and going forward we expect … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bear Of The Day: Strayer Education (STRA)

Posted: 23 Feb 2011 11:05 PM PST

Although Strayer Education (NASDAQ:STRA) posted better-than-expected fourth-quarter 2010 results, enrollments continue to fall. We observe that the growth in enrollments has decelerated sequentially.
After increasing 11% in the third quarter of 2010, the rate of growth in campus-based students dropped to 4% in the fourth quarter. Moreover, the rate growth in online students falls to 10%, following an 18% increase in the previous quarter. The company also informed that new student enrollment dropped … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Growth & Income Stock: Alcon, Inc.

Posted: 23 Feb 2011 11:05 PM PST

Alcon, Inc. (NYSE:ACL) recently reported its 9th consecutive positive earnings surprise driven by strong growth in the emerging market. Estimates have been moving higher following the latest earnings beat, sending the stock to a Zacks #2 Rank (Buy).
Alcon is also fundamentally solid, carrying over $3 billion in cash and equivalents and no long-term debt. The stock currently yields 1.3%.
Company Description
Alcon, Inc. is a leading eye care company. The company researches, develops, manufactures … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The Asian Session

Posted: 23 Feb 2011 10:20 PM PST

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

EUR/USD was trading at 1.3757, up 0.07% at time of writing.

The pair was likely to find support at 1.3526, Tuesday's low, and resistance at 1.3786, Wednesday's high.

Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.001% to hit 0.8480 and EUR/JPY falling 0.47% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up In Asian Trade

Posted: 23 Feb 2011 09:50 PM PST

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

GBP/USD was trading at 1.6235, up 0.15% at time of writing.

The pair was likely to find support at 1.6102, Tuesday's low, and resistance at 1.6274, Wednesday's high.

Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.11% to hit 0.8489 and GBP/JPY falling 0.46% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/CHF Down In Asian Trading Hours

Posted: 23 Feb 2011 09:20 PM PST

Forex Pros – The Euro was lower against the Swiss Franc on Thursday.

EUR/CHF was trading at 1.2795, down 0.25% at time of writing.

The pair was likely to find support at 1.2780, today's low, and resistance at 1.2977, Monday's high.

Meanwhile, the Euro was up against the U.S. Dollar and down against the Japanese Yen, with EUR/USD gaining 0.20% to hit 1.3776 and EUR/JPY falling 0.27% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Crude Oil Soars On Supply Disruption, Gold Approaches Record High

Posted: 23 Feb 2011 09:01 PM PST

Commodities – Energy
Crude Soars on Supply Disruption
Crude Oil (WTI) – $99.35 // $1.25 // 1.27%
Commentary: Oil prices exploded again on Wednesday, spurred by continued chaos in Libya with some industry sources indicating that as much as 1 million barrels per day of the country's 1.6mmbbl/d capacity has been shut-in. That is a significant disruption, especially as there is no timetable for when the crude will begin to flow again. WTI closed $4.53, or 4.84%, higher to settle at $98.10 after … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CHF Down During Asian Trade

Posted: 23 Feb 2011 08:50 PM PST

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

USD/CHF was trading at 0.9291, down 0.44% at time of writing.

The pair was likely to find support at 0.9276, today's low, and resistance at 0.9506, Tuesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.20% to hit 1.3776 and USD/JPY falling 0.47% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Warning Sign: There Goes The First Sector

Posted: 23 Feb 2011 08:25 PM PST

Bear markets begin when something fundamental breaks. Usually the sector initially affected will roll over before the general market and tends to be a warning sign of what lies ahead.

The last bear market was triggered when the credit bubble created by Greenspan’s foolish monetary policy burst. It was exacerbated by Bernanke’s foolish attempt to debase the currency and reflate the bubble. All he succeeded in doing was to inflate oil to $147, which put the finishing touches on an … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/GBP Up During The Asian Session

Posted: 23 Feb 2011 08:20 PM PST

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

EUR/GBP was trading at 0.8484, up 0.04% at time of writing.

The pair was likely to find support at 0.8384, Tuesday's low, and resistance at 0.8496, Wednesday's high.

Meanwhile, the Euro was up against the U.S. Dollar and down against the Japanese Yen, with EUR/USD gaining 0.20% to hit 1.3776 and EUR/JPY falling 0.21% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down During Asian Trade

Posted: 23 Feb 2011 08:05 PM PST

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

USD/JPY was trading at 82.17, down 0.43% at time of writing.

The pair was likely to find support at 82.12, today's low, and resistance at 83.53, Monday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.19% to hit 1.3775 and GBP/USD rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down During Asian Trade

Posted: 23 Feb 2011 08:05 PM PST

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

USD/JPY was trading at 82.17, down 0.43% at time of writing.

The pair was likely to find support at 82.12, today's low, and resistance at 83.53, Monday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.19% to hit 1.3775 and GBP/USD rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down During Asian Trade

Posted: 23 Feb 2011 08:05 PM PST

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

USD/JPY was trading at 82.17, down 0.43% at time of writing.

The pair was likely to find support at 82.12, today's low, and resistance at 83.53, Monday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.19% to hit 1.3775 and GBP/USD rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down During Asian Trade

Posted: 23 Feb 2011 08:05 PM PST

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

USD/JPY was trading at 82.17, down 0.43% at time of writing.

The pair was likely to find support at 82.12, today's low, and resistance at 83.53, Monday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.20% to hit 1.3775 and GBP/USD rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down During Asian Trade

Posted: 23 Feb 2011 08:05 PM PST

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

USD/JPY was trading at 82.17, down 0.43% at time of writing.

The pair was likely to find support at 82.12, today's low, and resistance at 83.53, Monday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.20% to hit 1.3775 and GBP/USD rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down During Asian Trade

Posted: 23 Feb 2011 08:05 PM PST

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

USD/JPY was trading at 82.17, down 0.43% at time of writing.

The pair was likely to find support at 82.12, today's low, and resistance at 83.53, Monday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.20% to hit 1.3775 and GBP/USD rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down During Asian Trade

Posted: 23 Feb 2011 08:05 PM PST

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

USD/JPY was trading at 82.17, down 0.43% at time of writing.

The pair was likely to find support at 82.12, today's low, and resistance at 83.53, Monday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.20% to hit 1.3775 and GBP/USD rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down During Asian Trade

Posted: 23 Feb 2011 08:05 PM PST

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

USD/JPY was trading at 82.17, down 0.43% at time of writing.

The pair was likely to find support at 82.12, today's low, and resistance at 83.53, Monday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.20% to hit 1.3775 and GBP/USD rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Down During Asian Trade

Posted: 23 Feb 2011 08:05 PM PST

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

USD/JPY was trading at 82.17, down 0.43% at time of writing.

The pair was likely to find support at 82.12, today's low, and resistance at 83.53, Monday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.20% to hit 1.3775 and GBP/USD rising 0.19% 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: 23 Feb 2011 07:10 PM PST

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

USD/CAD was trading at 0.9869, down 0.26% at time of writing.

The pair was likely to find support at 0.9822, Monday's low, and resistance at 0.9960, Wednesday's high.

Meanwhile, the U.S. Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.21% to hit 1.3777 and GBP/USD rising 0.25% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Republican Shakedown

Posted: 23 Feb 2011 06:40 PM PST

You can't fight something with nothing. But as long as Democrats refuse to talk about the almost unprecedented buildup of income, wealth, and power at the top – and the refusal of the super-rich to pay their fair share of the nation's bills – Republicans will convince people it's all about government and unions.
Republicans claim to have a mandate from voters for the showdowns and shutdowns they're launching. Governors say they're not against unions but voters have told them to … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – AUD/USD Up During Asian Trade

Posted: 23 Feb 2011 06:30 PM PST

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

AUD/USD was trading at 1.0066, up 0.44% at time of writing.

The pair was likely to find support at 0.9967, Tuesday's low, and resistance at 1.0152, Monday's high.

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.25% to hit 1.3684 and AUD/JPY rising 0.08% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Up During The Asian Session

Posted: 23 Feb 2011 06:05 PM PST

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

EUR/USD was trading at 1.3774, up 0.19% at time of writing.

The pair was likely to find support at 1.3526, Tuesday's low, and resistance at 1.3786, Wednesday's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.06% to hit 0.8475 and EUR/JPY falling 0.18% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/JPY Down During Asian Trade

Posted: 23 Feb 2011 05:35 PM PST

Forex Pros – The Euro was lower against the Japanese Yen on Thursday.

EUR/JPY was trading at 113.25, down 0.17% at time of writing.

The pair was likely to find support at 112.24, Tuesday's low, and resistance at 114.25, Monday's high.

Meanwhile, the Euro was up against the U.S. Dollar and down against the British Pound, with EUR/USD gaining 0.15% to hit 1.3769 and EUR/GBP falling 0.05% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Stock Market Summary For Wednesday, February 23, 2011

Posted: 23 Feb 2011 04:48 PM PST

Stocks had another down session with investor participation indicating investors were selling shares. The market was able to recover some of the losses so the selloff was not as strong as it could have been. Market breadth was once again negative. Staying with the stock market direction we are lowering the support/resistance levels on the DJIA, S&P 500, and Nasdaq Composite (see below). All three indexes are now below their 21-day moving averages. For the DJIA and S&P 500 the 21-day … [visit site to read more] or compare Best Credit Cards and Best CD Rates

A Brazilian Bubble?

Posted: 23 Feb 2011 06:38 AM PST

The following headline came across my desk: Obama to offer infrastructure financing for Brazil. The brief story went on to say that the initiative is intended to help US/Brazilian joint ventures to prepare for the 2014 World Cup and 2016 Olympics.

I am no Latin American emerging markets expert, but it seems to me that Brazil doesn’t need any further stimulus. Consider this recent story in the FT:
For Brazilians, prices in the once moribund residential and office real estate market are rising … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Morning News Notes: 2.23.11

Posted: 23 Feb 2011 06:29 AM PST

The morning news notes as prepared by TL… Libya, US shutdown risk, Saudi spending boost, Saudi Arabia – risk of unrest?,  Bahrain, war is inflationary, India will be world’s largest economy by 2050, Portugal nears “D-Day”, and 401K’s rise at Fidelity.

“Morning News Notes: February 23, 2011″

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

No comments:

Post a Comment