Sunday, June 12, 2011

DailyMarkets.com - The Next Crash Could Be Alot Worse

DailyMarkets.com - The Next Crash Could Be Alot Worse


The Next Crash Could Be Alot Worse

Posted: 12 Jun 2011 05:18 PM PDT

Lots of pessimism since QE2 is deemed a failure and no QE3 is coming.   Here's one article that reminds us to ensure we are risk aware and maintain an intelligently adusting protection strategy.     Posted at Seeking Alpha by Michael T. Synder   http://seekingalpha.com/article/274478-the-next-crash-could-be-a-lot-worse
The Next Crash Could Be Alot Worse
here's a lot of emotion in this market at the moment, and the conversations among traders are … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Who’s Winning The Drug War? According To Judge Jim Gray, Six Groups Are, Including Terrorists

Posted: 12 Jun 2011 04:57 PM PDT

Jim Gray, a conservative judge in conservative Orange County, California, is featured in the Reason video above.  Judge Gray came to the following realization as a criminal defense attorney, federal prosecutor and judge, and says that it has to be understood by others:

“The tougher we get with regard to drug crimes, literally, the softer we get with regard to the prosecution of everything else.” He also says that drug prohibition is the “golden goose” of terrorists – one of the 6 groups … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/JPY Up In Asian Trading Hours

Posted: 12 Jun 2011 04:55 PM PDT

Forex Pros – The British Pound was higher against the Japanese Yen on Sunday.<br/><br/> GBP/JPY was trading at 130.45, up 0.08% at time of writing.<br/><br/> The pair was likely to find support at 129.79, Friday&rsquo;s low, and resistance at 132.08, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the U.S. Dollar and the Euro, with GBP/USD gaining 0.02% to hit 1.6230 and EUR/GBP falling 0.11% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – NZD/USD Down During The Asian Session

Posted: 12 Jun 2011 03:50 PM PDT

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Sunday.<br/><br/> NZD/USD was trading at 0.8206, down 0.12% at time of writing.<br/><br/> The pair was likely to find support at 0.8142, Wednesday&rsquo;s low, and resistance at 0.8301, Thursday&rsquo;s high.<br/><br/> Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.001% to hit 1.2827 and EUR/NZD falling … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


More On Strong Big-Truck Sales In May

Posted: 12 Jun 2011 03:48 PM PDT

As a follow-up to this recent CD post on strong big-truck sales in May, Indiana-based Americas Commercial Transportation (ACT) Research (a leading publisher of new and used commercial vehicle industry data, market analysis, and forecasting services for the North American market) is also reporting that orders for heavy-duty commercial vehicles remained strong in May.  Orders for Class 8 vehicles increased by 85% from the same month last year, and were above the 24,000 unit level for the … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – GBP/USD Up During The Asian Session

Posted: 12 Jun 2011 03:30 PM PDT

Forex Pros – The British Pound was higher against the U.S. Dollar on Sunday.<br/><br/> GBP/USD was trading at 1.6230, up 0.02% at time of writing.<br/><br/> The pair was likely to find support at 1.6216, Friday&rsquo;s low, and resistance at 1.6473, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.10% to hit 0.8834 and GBP/JPY rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – USD/JPY Down In Asian Trade

Posted: 12 Jun 2011 03:00 PM PDT

Forex Pros – The U.S. Dollar was lower against the Japanese Yen on Sunday.<br/><br/> USD/JPY was trading at 80.27, down 0.07% at time of writing.<br/><br/> The pair was likely to find support at 79.70, Wednesday&rsquo;s low, and resistance at 80.46, Thursday&rsquo;s high.<br/><br/> Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.11% to hit 1.4332 and GBP/USD rising 0.07% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Felix Zulauf, The Hurdle For Launching QE3 Will Be Very High

Posted: 12 Jun 2011 02:55 PM PDT

Felix Zulauf mid year interview by Barrons. He promises you the truth, nothing but the truth.

Source: Buy Low, Stay Nimble 06/11/2011

Extracts

"Barron's: How's the view from Europe, Felix?

Zulauf: I am in a good mood but I feel sorry for the world. The global economy's structural problems haven't gone away, and the authorities continue to kick the can down the road. They go from one quick fix to the next. Quick fixes have worked well in the past two years, and might work a bit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Forex – EUR/USD Down During The Asian Session

Posted: 12 Jun 2011 02:25 PM PDT

Forex Pros – The Euro was lower against the U.S. Dollar on Sunday.<br/><br/> EUR/USD was trading at 1.4332, down 0.11% at time of writing.<br/><br/> The pair was likely to find support at 1.4323, Friday&rsquo;s low, and resistance at 1.4696, Tuesday&rsquo;s high.<br/><br/> Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.12% to hit 0.8832 and EUR/JPY falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Updating The Intraday Arc Pattern Forming In Gold

Posted: 12 Jun 2011 02:01 PM PDT

At the start of last week, I showed the "Arc Pattern" trendline boundaries that were forming at the peak of the intraday arc in gold prices, and this week, the arc continues right on schedule.
Let's take a look at the updated/current "Arc" pattern and then see where that structure takes us on the daily support chart.

As I noted last week, the upper boundary was roughly $1,550 while the lower boundary was $1,525.
Price continued to respect these boundaries appropriately, giving … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


Stock Market Summary For Sunday, June 12, 2011

Posted: 12 Jun 2011 12:30 PM PDT

Here are some notes on some of the stocks included in our focus list.

For Apple Inc. (symbol: AAPL) its 200-day moving average at $323.83 should be a level to watch. Our ratings on the stock is bearish in both the short and long term.
Lululemon Athletica Inc. (symbol: LULU) had a 4.4% up session on heavy volume Friday with its earnings report. Short term we rate the stock bearish but bullish in the long term.
Our ratings on Veeco Instruments Inc. (symbol: VECO) remain bullish in both the short … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


The Swamp Of Washington And The Morass Of The Economy

Posted: 12 Jun 2011 10:09 AM PDT

Washington was built on a swamp. In the summer, temperatures can reach over 100 degrees — as they did over the last few days when I made the rounds of Washington Democrats, repeatedly asking why no bold jobs plan is emerging. 
Here's a sample of their responses:
"Dead in the water. We'll be lucky if we get votes to raise the debt ceiling without major spending cuts this year and next."
"Are you kidding? It's all budget deficit, budget deficit, budget deficit. Nobody's … [visit site to read more] or compare Best Credit Cards and Balance Transfer Credit Cards


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