Wednesday, July 18, 2012

DailyMarkets.com - Hot Option Plays: Financials Lagging

DailyMarkets.com - Hot Option Plays: Financials Lagging

Hot Option Plays: Financials Lagging

Posted: 18 Jul 2012 11:57 AM PDT

Cusick’s Corner 07-18-2012
The market continues to chug along and on the earnings front there have been some decent financial stocks beating estimates. Financials are one of those leading sectors that need to continue to lead but today this sector is lagging, XLF -14%, which is probably not what a bull wants to see. The VXX, a volatility index, is up +1.3% which is not a totally bullish flag. These are flags that stop me from chasing until I get confirmation that a move to the upside might look … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

IMF Sees Weak & Vulnerable Global Recovery

Posted: 18 Jul 2012 11:00 AM PDT

07/18/12 In an update to its World Economic Outlook, IMF Chief Economist Olivier Blanchard talks of the global recovery showing signs of further weakness on continued financial problems in Europe and slow growth in emerging … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Valdes: “Topsy Turvy Summer…lots Of Churning”

Posted: 18 Jul 2012 05:52 AM PDT

07/18/12 DME Securities’ Alan Valdes discusses today’s advance in US equities amid light trading volume. FOMC stimulus expectations, the fiscal cliff and the EU debt crisis are factored into the outlook for US … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Middle East Tension And Inventory Slip Sees Oil Rise Above $90

Posted: 18 Jul 2012 05:20 AM PDT

07/18/12 The combination of Syrian troubles, Iranian tensions, and a slide in inventory figures has helped pave the way for oil prices to trade above $90 a barrel Wednesday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Bears Going Hog Wild!

Posted: 18 Jul 2012 08:49 AM PDT

Wednesday, July 18, 2012
Lean Hog futures continue to see price pressures, as weak pork demand and high feed costs are hurting both production and packer profit margins. Increasing discounts in deferred futures to the CME 2-day Lean Hog Index may spur some buying interest by bargain hunters, lending some support if prices continue to fall.
Fundamentals
The relentless heat affecting a large portion of the U.S. is starting to take its toll on hog producers, as soaring feed costs and weak pork … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

US Stocks Turn Higher, Tech Sector Gains

Posted: 18 Jul 2012 08:14 AM PDT

07/18/12 After a negative open, the major equity averages edged higher. The latest earnings reports and economic data were digested, as all eyes remain on Bernanke’s Capitol Hill … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Trade Mixed On Earnings, Await Bernanke Testimony

Posted: 18 Jul 2012 02:37 AM PDT

07/18/12 Stocks traded mixed Wednesday on mixed earnings as investors await further comments from Fed Chairman Ben … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

The Passage Of Time Leads To Profitability For Option Traders

Posted: 18 Jul 2012 07:18 AM PDT

My most recent missive discussed some of the nuances of the options Greek, Delta which deals with the change in option price with regard to changes in price of the underlying. Today I would like to examine some of the practical details surrounding the second of the primal forces describing the behavior of options with regard to the passage of time. This second Greek is Theta.
As opposed to the value of a stock position which varies only in relation to changes in price, options are subject to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Empowering Technology: Mobile Phone Access Reaches Three Quarters Of Planet’s Population

Posted: 18 Jul 2012 07:12 AM PDT

The World Bank and infoDev released a study yesterday titled “Information and Communications for Development 2012: Maximizing Mobile,” here’s an excerpt from the press release:

“Around three-quarters of the world's inhabitants now have access to a mobile phone and the mobile communications story is moving to a new level, which is not so much about the phone but how it is used.  The number of mobile subscriptions in use worldwide, both pre-paid and post-paid, has grown from fewer than 1 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Looking Forward To Sen. Reid’s Bonfire

Posted: 18 Jul 2012 06:49 AM PDT

Senator Harry Reid:

"I am so upset that I think the Olympic Committee should be ashamed of themselves, I think they should be embarrassed," Reid said in response to a question at a press conference. "I think they should take all of the uniforms put them in a big pile and burn them and start all over again; even if they have to just wear nothing but a singlet that says USA on it."

Greg Mankiw:

“Will some enterprising reporter please ask Senator Reid for the opportunity to inspect the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Real Estate News

Posted: 18 Jul 2012 06:40 AM PDT

1. Home sales in Southern California increased in June by 7.5% compared to last year, according to DQNews.  The median home price in June increased by 5.3% on an annual basis, to $300,000, the highest since June 2010 when the “market got a final big boost from expiring homebuyer tax credits.”  

2. The Commerce Department reported today that housing starts increased in June to 760,000 units on an annualized basis, which is the highest monthly count since October 2008.  June … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

My Experience With Bain

Posted: 18 Jul 2012 06:07 AM PDT

Bain Capital.
I can not recall in my lifetime as much attention being paid to a private company during a Presidential campaign as that paid to Bain Capital this year.
While I could write more on the scandalous activity surrounding Libor or money laundering activity emanating from HSBC, I digress today to address my experience with Bain. Interestingly enough, my experience did not occur during my days on Wall Street. Bain Capital did not have any business within the market segments that I … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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