DailyMarkets.com - Robert Heller, Fed Will Only Act When There Is Much Pain

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• Robert Heller, Fed Will Only Act When There Is Much Pain
• Stocks Rally To Close Week
• Friday Afternoon Links
• ‘The Most Perturbing Aspect Of The Current Slowdown Is That The Weakness Is So Widespread’
• The Latest ETF Eye-Opener
• Energy Prosperity: Domestic Oil Production Hits A 23-yr. High In July, Oil/Gas Jobs Reach 24-yr. High
• Great Moments In Government Regulation: Thou Shall Not Change Signs More Than Twice Per Day
• Gold, Silver, Mining Stocks: Breakout Time, Not Bubble Time
• Cardillo: “Market Got What It Wanted”
• End Of Day Market Analysis

Robert Heller, Fed Will Only Act When There Is Much Pain Posted: 31 Aug 2012 03:25 PM PDT Former Fed Governor Robert Heller speaks the truth about what to expect with QE post Ben Bernanke speech, he makes some very important points. Points 1) QE effect is less and less each time 2) QE will be executed when the economy is in real pain 3) No QE before Elections 4) Ball in congress court regarding ‘Fiscal Cliff’ and the whatever happens here may result in … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Stocks Rally To Close Week Posted: 31 Aug 2012 02:53 PM PDT 08/31/12 Stocks rallied Friday as Fed Chairman Bernanke did not signal any monetary easing was imminent, but he did reiterate his promise that the central bank does stands ready to … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Friday Afternoon Links Posted: 31 Aug 2012 02:18 PM PDT 1. Detroit metro area home sales increased 13.2% in July vs. last year, and the median sale price increased 17%. 2. Natural gas spot prices fell this week to $2.64 per million BTUs, the lowest since mid-June more than two months ago.   3. Rates for 30-year mortgages fell 7 basis points this week to 3.59%. 4. Data Quick: National home sales over the last 30 days increased 9.7% above last year. 5. Real personal consumption expenditures increased 2% in July YoY and reached a new all-time … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

‘The Most Perturbing Aspect Of The Current Slowdown Is That The Weakness Is So Widespread’ Posted: 31 Aug 2012 01:58 PM PDT It’s not just crusty old skeptics like me who wonder about the growing disconnect between Wall Street and Main Street: “Summertime Blues” (The Economist) The slowdown is spreading around the world NOT for the first time, the recent behaviour of financial markets has been at odds with economic fundamentals. The living has been easy on American and European stock exchanges this summer, despite plenty of gloomy data. Investors may have been placing too much faith in the capacity of central banks … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

The Latest ETF Eye-Opener Posted: 31 Aug 2012 01:40 PM PDT A few years ago, we discussed the flow of money rushing into ETFs without careful analysis by investors about the unknown risks. Institutional Investor recently highlighted another downside to these investments: ETFs' use of hypothetical, back-tested performance. To attract assets, some index providers have unique indexes based on various performance characteristics, weighting methodologies and valuation metrics. They then launch an ETF and tout the investment's theoretical performance. A … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Energy Prosperity: Domestic Oil Production Hits A 23-yr. High In July, Oil/Gas Jobs Reach 24-yr. High Posted: 31 Aug 2012 01:23 PM PDT Buried in this week's 213-page August Monthly Energy Review from the EIA (full report here) is the fact that U.S. crude oil production for the lower 48 states is estimated to have reached a 23-year high in July of 5.865 million barrels per day (see top chart above, data here).  If so, that would be the highest monthly production of crude oil in the lower 48 states in more than 23 years, since April of 1989 when 5.88 million daily barrels of oil were produced.  From January-July … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Great Moments In Government Regulation: Thou Shall Not Change Signs More Than Twice Per Day Posted: 31 Aug 2012 01:03 PM PDT 1. Washington Post — “If the Church of the Good Shepherd in Vienna, VA wanted to post the Ten Commandments on its sign on Hunter Mill Road, it would take five days to broadcast them all. That's because Fairfax County has a commandment of its own: Thou shall not change electronic signs more than twice a day.” “So, after the Vienna United Methodist church posted three messages one day last month — offering refuge from the heat, then promoting its Web site and finally listing the time of a … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Gold, Silver, Mining Stocks: Breakout Time, Not Bubble Time Posted: 31 Aug 2012 12:04 PM PDT The Chinese ideograph for crisis is represented by the sign for danger joined together with the symbol for opportunity.   Admittedly, for over a year and a half precious metals investors have been going through a time for testing of our essential position in wealth in the earth equities and bullion.  Investors were experiencing pain and panic at a time that it was easier to throw in the towel as the technical charts appeared to be broken as gold (GLD) and silver (SLV) went … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Cardillo: “Market Got What It Wanted” Posted: 31 Aug 2012 10:37 AM PDT 08/31/12 Rockwell Global Capital’s Peter Cardillo with his take on Bernanke’s speech and expectations for the FOMC. The upcoming weeks will be heavy on the Euro zone calendar: ECB rate decision, German constitutional court vote, and troika … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

End Of Day Market Analysis Posted: 27 Aug 2012 02:32 PM PDT Overall today the price action was pretty boring in most cases. Besides AAPL and oil futures, we did not get any major price action in the broader indices worthy of discussing. In addition, volume overall on the session was one of the weakest in 2012 for a non-holiday week. At the moment, I really like the defined risk we have in the S&P 500 Index. Today's highs will serve as a psychological level for the market overall. If prices start to drift lower I think the 1,380 … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

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DailyMarkets.com - Volatile Trade Seen For OJ Futures As Hurricane Season Peaks

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• Volatile Trade Seen For OJ Futures As Hurricane Season Peaks
• Charting Presidential Stock Performance From Carter To Obama
• Oil Soars 1.5% Prior To Bernanke
• Dollar Hits 3-month Low
• US Stocks Seesaw Post-Bernanke
• Comparing The Fed’s Two Recent Policy Statements
• Stocks Rising Ahead Of Bernanke
• Bernanke: “Monetary Policy Since The Onset Of The Crises”
• Jackson Hole 2012 Link List
• Central Bank News Link List – Aug 31, 2012

Volatile Trade Seen For OJ Futures As Hurricane Season Peaks Posted: 31 Aug 2012 09:18 AM PDT Friday, August 31, 2012 Orange Juice futures have been range bound since the end of May, though we are starting to see more volatile trade as we enter the peak Hurricane months of September and October. Issues with disease affecting the citrus groves of Florida may be lending a longer-term bullish bias for the market. Fundamentals Orange Juice futures traders are in “weather market” mode, as the Atlantic hurricane season is reaching its most active month of September. The citrus groves in … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Charting Presidential Stock Performance From Carter To Obama Posted: 31 Aug 2012 08:59 AM PDT With the 2012 Presidential Campaign now in full swing, I thought it would be interesting to observe prior performance of the stock market under the different presidential administrations from Jimmy Carter to Barack Obama. The charts below all begin and end on January 20th as the starting and ending day of a presidential term for comparison purposes. Each chart plots the S&P 500 Index activity throughout each term. Charts are presented without commentary and without any sort of bias. Be sure … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Oil Soars 1.5% Prior To Bernanke Posted: 31 Aug 2012 03:47 AM PDT 08/31/12 Oil futures soared Friday morning on optimism Bernanke’s speech in Wyoming will deliver some much needed assistance to the US … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Dollar Hits 3-month Low Posted: 31 Aug 2012 03:23 AM PDT 08/31/12 The dollar fell to a three-month low against most of its rivals Friday, this before a speech by Federal Reserve Chairman Ben Bernanke which investors will be looking for more signals of future monetary … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

US Stocks Seesaw Post-Bernanke Posted: 31 Aug 2012 08:08 AM PDT 08/31/12 US stocks rebounded after Bernanke’s comments were digested. The Fed Chairman said he was open to more QE, but did not provide any … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Comparing The Fed’s Two Recent Policy Statements Posted: 31 Aug 2012 07:34 AM PDT     Following are two recent statements regarding future monetary policy by the U.S. Federal Reserve.     While the statements largely mirror each other, the statement by Federal Reserve Chairman Ben Bernanke acknowledges the limitations of monetary policy.     The first paragraph is from Bernanke speech at the 2012 Jackson Hole symposium. The second paragraph comes from the press release issued by the Federal Open Market Committee, the Federal Reserve’s … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Stocks Rising Ahead Of Bernanke Posted: 31 Aug 2012 02:30 AM PDT 08/31/12 Despite weak European economic data, stocks were rising Friday morning in anticipation of Bernanke’s speech in Jackson Hole, … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Bernanke: “Monetary Policy Since The Onset Of The Crises” Posted: 31 Aug 2012 07:10 AM PDT     Following is Federal Reserve Chairman Ben Bernanke’s much-anticipated speech at the Federal Reserve Bank of Kansas City Economic Symposium, Jackson Hole, Wyoming: Monetary Policy since the Onset of the Crisis “When we convened in Jackson Hole in August 2007, the Federal Open Market Committee’s (FOMC) target for the federal funds rate was 5-1/4 percent. Sixteen months later, with the financial crisis in full swing, the FOMC had lowered the target for the federal funds rate to … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Jackson Hole 2012 Link List Posted: 31 Aug 2012 05:24 AM PDT     The 2012 Jackson Hole Symposium, hosted by the Federal Reserve Bank of Kansas City, features presentations by leading central bankers and academics. The topic of this year’s conference, which runs from Aug. 30 to Sept. 1,  is “The Changing Policy Landscape.”     Following are links to stories and speeches from the conference: The link list will be updated during the conference as speeches and stories become available. Bernanke: “Monetary Policy since the Onset … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Aug 31, 2012 Posted: 31 Aug 2012 05:09 AM PDT      Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news. Bundesbank chief considered quitting over ECB bond-buying – paper (Reuters) RBA to keep finger off rate-cut button (Sydney Morning Herald) Bank Indonesia governor: No need … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

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