Wednesday, June 6, 2012

DailyMarkets.com - Guilfoyle: “Today’s Rally Is Real”

DailyMarkets.com - Guilfoyle: “Today’s Rally Is Real”


Guilfoyle: “Today’s Rally Is Real”

Posted: 06 Jun 2012 11:05 AM PDT

06/06/12 Meridian Equity Partners’ Stephan Guilfoyle discusses the latest developments from the Euro zone and global gains in equity markets. Expectations for the FOMC are also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Tommy Hilfiger Receives The 2012 CFDA Lifetime Achievement Award

Posted: 06 Jun 2012 06:00 AM PDT

06/06/12 Monday June 4th saw the Tommy Hilfiger Group, which is owned by PVH Corp., announce that Tommy Hilfiger won the CFDA's prestigious Geoffrey Beene Lifetime Achievement Award at the 2012 CFDA Fashion Awards in New York … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Pocket Of Strength: Texas Ranked Best For Business (Again)

Posted: 06 Jun 2012 09:15 AM PDT

For the eighth consecutive year, CEOs named Texas the best place to do business, according to the latest Chief Executive magazine. Its annual survey received feedback from 650 business leaders from all over the country on topics relating to tax and regulation, quality of workforce and living environment.
The state has been home to the U.S. Global Investors headquarters for more than 40 years and it's been my home for over two decades. I recently talked about the Lone Star State's pocket of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Corn Futures Prices Choppy On Mixed Weather Forecasts

Posted: 06 Jun 2012 08:49 AM PDT

Wednesday, June 6, 2012
The lack of a weather premium in new-crop Corn futures prices may be setting the stage for a mid-season rally, especially now that large speculative traders have reduced sharply their long positions in Corn, and dry conditions have spread to the two most important Corn producing states.
Fundamentals
New-crop December Corn futures continue to move sideways, as conflicting fundamentals are keeping both bulls and bears from becoming too aggressive in the market. First, we … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Wall Street Rallies On Stimulus Hopes

Posted: 06 Jun 2012 08:20 AM PDT

06/06/12 US stocks soared, with the Dow back in positive territory for 2012. ECB President Mario Draghi may have dampened hopes for new stimulus measures, but there are further expectations for global policy … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The View From Houston: The U.S. Energy Industry Will Lead The U.S. Into A New Era Of Prosperity

Posted: 06 Jun 2012 08:00 AM PDT

From a staff editorial in today’s Houston Chronicle:

“The term of art widely used to describe today’s struggling economy is that it’s “facing headwinds.”

It’s good to be in Houston, where a dynamic energy industry is successfully navigating these headwinds and actually tacking ahead to a future where fairer winds may prevail. The latest example is Exxon Mobil’s decision to expand its petrochemical complex in Baytown, creating 10,000 construction jobs and 350 permanent jobs at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Euro Rebonds On ECB Rate Décision, EU Proposition

Posted: 06 Jun 2012 02:30 AM PDT

06/06/12 The euro has steadily rebounded Wednesday morning following the ECB’s decision to keep rates unchanged and after the EU proposed powers for regulators to deal with failing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Australian Dollar Surges, Euro Finds Bids Following ECB Press Conference

Posted: 06 Jun 2012 07:25 AM PDT

Fundamental Headlines
- US Productivity Fell 0.9% in First Quarter as Growth Cooled – Bloomberg
- US Stock Futures Pare Gain as ECB Sees Increased Risks – Bloomberg
- Assad Names New PM, Army Pounds Rebels – Reuters
- Euro Gains Amid Expectations for ECB Easing – WSJ
- Fed Considers More Action amid New Recovery Doubts – WSJ
Asian/European Session Summary
Risk-appetite was firmly positive in the overnight sessions, with the majority of gains by higher yielding currencies and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Posted: 06 Jun 2012 07:00 AM PDT

ECB holds rate steady at 1 percent, acknowledges growing risks
The European Central Bank held it’s key interest rate unchanged at 1.0 percent and continued to give banks a full allotment in its main refinancing operations “for as long as necessary.” Most economists had expected the ECB to maintain rates but with Europe’s economy continuing to contract and Spain facing tight credit markets, some analysts had held out hope for a rate cut. ECB President Mario Draghi said in a statement that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Crude Steady Around $85

Posted: 06 Jun 2012 02:00 AM PDT

06/06/12 Just prior to the release of the EIA inventory data report, front month crude prices were trading steady near $85 a barrel as investors focused on optimism out of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Twisted World Of Kidney Harvesting

Posted: 06 Jun 2012 06:31 AM PDT

From ABC Good Morning America: 

“The severe shortage of viable organs for transplantation in the U.S. has led a transplant surgeon to propose harvesting kidneys from people who are not dead yet. Dr. Paul Morrissey, an associate professor of surgery at Brown University’s Alpert Medical School, wrote in The American Journal of Bioethics that the protocol known as donation after cardiac death — meaning death as a result of irreversible damage to the cardiovascular system — has increased … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The MF Global Smoking Gun?

Posted: 06 Jun 2012 06:21 AM PDT

As with any alleged illicit financial activity, the questions beg: who knew what and when did they know it?
In regard to the MF Global debacle, we have had more of the "I did not know" and "I did not intentionally" type of statements than any of us should have to stomach.
That nonsense may suffice for compliant media and regulators, but fortunately we have others in our nation who take a harder look. Thanks to those at CFO for digging through past Congressional testimony — made under … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stocks Stronger On European Hopes

Posted: 06 Jun 2012 01:00 AM PDT

06/06/12 Global stocks were on the upside Wednesday morning on Europe after the ECB left rates unchanged and after the EU proposed new regulatory powers for regulators to deal with failing … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


The Key Principles Of Value Investing

Posted: 06 Jun 2012 03:26 AM PDT

We’ve discussed elsewhere the paradox that while value investing is the tried and trusted method of some of the world's most famous, wealthy and influential stock buyers, for some reason it is still widely overlooked by the majority of institutional investors. We argue that this short- sightedness of the professionals works to the advantage of the motivated and determined individual investor. But where to begin? Value Investors worldwide disagree on many aspects of investing, but … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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