Thursday, May 31, 2012

DailyMarkets.com - Why Obama Is In Real Trouble

DailyMarkets.com - Why Obama Is In Real Trouble

Why Obama Is In Real Trouble

Posted: 31 May 2012 03:33 PM PDT

It's the economy, stupid.
Ultimately people vote their pocket book. To that end, this upcoming election should be very, very interesting.
A full three plus years after the onset of our supposed recovery and our economy remains plugged into Ben Bernanke's life support. The European drag on the global economy is not going away anytime soon. In fact, if exacerbated the European fiasco may very well cause our own economy to fall back into recession.
On this note, how is our economy doing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Jobs Report In Spotlight

Posted: 31 May 2012 03:20 PM PDT

05/31/12 The first trading session for June will be packed on the economic data calendar. The US employment report and global manufacturing figures are set for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Trade Setups To Watch On Friday , June 01

Posted: 31 May 2012 02:29 PM PDT

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Shares of Zynga Inc (ZNGA) seems to have bottomed out and is ready for a decent bounce to 6.75-7 levels where is faces some resistance. We’ll have to watch the stock around those levels. If you are long, initial stoploss should be placed at 5.8.

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Tellabs, Inc. (NASDAQ:TLAB) is showing signs of bottoming out on the charts along with the MACD giving positive signals. The stock has just broke a Falling Wedge Pattern which is usually … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Close Dismal Month

Posted: 31 May 2012 09:00 AM PDT

05/31/12 Stocks ended the day down and putting to end a dismal month that erased most of the market’s gains from earlier in the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The $5 Million Gift Tax Exemption

Posted: 31 May 2012 01:30 PM PDT

05/31/2012 InnerHarbor Advisors’ Michael J. Keating, CFP, discusses the upcoming expiration of the $5.12 million gift tax exemption in the US, and what this means for individuals and small … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

April Restaurant Index Above 100 For 6th Month

Posted: 31 May 2012 12:11 PM PDT

“The outlook for the restaurant industry remained positive for the coming months, as the National Restaurant Association's Restaurant Performance Index (RPI) stood well above 100 in April. The RPI – a monthly composite index that tracks the health of and outlook for the U.S. restaurant industry – stood at 101.6 in April, down 0.6 percent from the strong level of 102.2 registered in March. Despite the decline, April represented the sixth consecutive month that the RPI stood above 100 (see … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Hot Option Plays: S&Ps Holding 1300

Posted: 31 May 2012 11:44 AM PDT

Cusick Corner 05-31-2012
All flights seem to be to Safety. With Volatility, VIX, now up 20%, the market has been carving out a choppy move to the downside. Technicians are looking at the 1300 level as critical support for the S&Ps and a break of 1300 could get the market potentially to the 1280 range. The problems in the EU right now are problems for the US, causing a heat up or the rise in the Dollar which is now a potential safety trade — a negative flag for not only Equities but also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Real Final Sales Tick Up A Notch

Posted: 31 May 2012 11:34 AM PDT

Lately I've been pointing out that the economy has been even weaker over the past six months than the weak GDP numbers suggest because of the support given the numbers by inventory accumulation. For example, the 3 percent growth in real GDP in the 4th quarter last year was almost two thirds inventory accumulation. Real final sales—GDP minus the change in inventories—grew only 1.1 percent in the 4th quarter. The first estimate of the 1st quarter real GDP growth, at 2.2 percent, appeared to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Willis: “Look For Market To Recover Into End Of Year”

Posted: 31 May 2012 06:30 AM PDT

05/31/12 Albert Fried & Company’s Ben Willis discusses the disappointing US data releases and expectations for the US equity markets in the near-term and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

March U.S. Oil Production Highest Since 1998

Posted: 31 May 2012 11:27 AM PDT

Domestic Oil Production is Booming in North Dakota and Texas on Private Land: It’s the Fuel of the Future

The Department of Energy released data today showing that U.S. field production of crude oil came close to reaching a 14-year high in March, with average daily production of 6.26 million barrels.  That was the highest average daily oil production in any month since June 1998, almost 14 years ago, when average output was slightly higher at 6.267 million barrels.

March oil production … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank News Link List – 31 May 2012

Posted: 31 May 2012 11:11 AM PDT

Here’s today’s Central Bank News link list, click through if you missed the previous central bank news link list.  Remember, if you want to submit links for inclusion in the daily link list, just email them through to us or post them in the comments section below.

Brazil Central Bank Cuts Rate -50bps to 8.50% (Financial Times)
Denmark Central Bank Cuts Rate -15bps to 0.45% (MNI)
Hungary c.bank Holds Interest Rate at 7.00% (Portfolio.hu)
Turkey C.bank Keeps … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chevrolet To Become The Official Automotive Partner Of Manchester United

Posted: 31 May 2012 10:45 AM PDT

05/31/12 American car maker Chevrolet announced they have signed a five-year sponsorship deal with Premier League football team Manchester … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Notes Hit Record Low Yields

Posted: 31 May 2012 10:44 AM PDT

Thursday, May 31, 2012
Note futures have had a meteoric rise lately, fueled by toxic debt from Europe and uncertain economic conditions around the globe. However, traders can’t help but wonder how low yields will go before US investors throw their hands up and move to potentially higher yielding assets. The situation for overseas investors is not as cut and dried, as exchange rates could dictate money flow. Some traders may perhaps wish to consider entering into a bear call spread, such as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Oil Tanks, Hits 7-month Low

Posted: 31 May 2012 05:00 AM PDT

05/31/12 Front month crude prices continued to slide this afternoon following a rise in inventory figures for last week and ongoing concerns regarding the European debt … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Economist On The Street: US Data & Monetary Policy

Posted: 31 May 2012 09:55 AM PDT

05/31/12 Meridian Equity Partners’ Stephen Guilfoyle dissects the latest USl data releases ahead of Friday’s payrolls report. Monetary policy expectations are discussed as May draws to a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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