Thursday, August 30, 2012

DailyMarkets.com - Crude Oil, Gold Edge Lower But Follow-Through To Wait For Bernanke

DailyMarkets.com - Crude Oil, Gold Edge Lower But Follow-Through To Wait For Bernanke


Crude Oil, Gold Edge Lower But Follow-Through To Wait For Bernanke

Posted: 29 Aug 2012 08:27 PM PDT

Talking Points

Crude Oil Edges Lower as "Isaac" Appears to Leave Gulf Refiners Mostly Unscathed
Gold Sold as Firmer Fed Beige Book Undermines Federal Reserve Stimulus Outlook
Commodities Unlikely to Yield Directional Follow-Through Before Bernanke Speech
US Calendar Remains in Focus as Traders Set the Stage for Jackson Hole Symposium

Commodities continue to hover near familiar technical barriers as traders wait for Friday's much-anticipated speech from Fed Chairman Ben Bernanke at the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Baltimore Orioles Practice Price Discrimination

Posted: 29 Aug 2012 06:47 PM PDT

Click to enlarge.

The Baltimore Orioles engage in “price discrimination” by charging a premium of about 50% for “prime games,” which are only those games against the New York Yankees and Boston Red Sox (see pricing chart above, and full ticket schedule here).  

Guess that confirms the economic reality that “face value” isn’t the same as “market value,” and/or that “face value” increases when demand is high.  Also confirms the reality that if venues and stadiums set ticket prices … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


A Ronald Muhlenkamp-esque Screen: Quality Companies With High Return On Equity

Posted: 29 Aug 2012 12:12 PM PDT

Ronald Muhlenkamp is the founder and president of US fund management firm Muhlenkamp amp; Company. After setting up in business in 1977 he rose to prominence with a successful investment strategy that continues to seek out good quality companies with strong profits at an attractive price. 
Background 
In his book Ron's Road to Wealth: Insights for the Curious Investor, Muhlenkamp describes beginning his investing career in 1968, just as the bull market of the 1960s was about to run … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Buy Canada, Sell Australia

Posted: 29 Aug 2012 12:30 AM PDT

I read with some interest the report by Jonathan Tepper of Variant Perception, highlighted by John Mauldin and Isabella Kaminska at FT Alphaville, about the likely long term path for Australia. The report is entitled Australia: The Unlucky Country.

In a nutshell, Tepper believes that Australia’s problems has two components. The first component consists of too much financial leverage and an over-reliance on external financing, i.e. the kindness of others, which makes its economy an … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


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