Wednesday, August 1, 2012

DailyMarkets.com - HSBC’s Gulliver And “You Can’t Make This Stuff Up”

DailyMarkets.com - HSBC’s Gulliver And “You Can’t Make This Stuff Up”


HSBC’s Gulliver And “You Can’t Make This Stuff Up”

Posted: 01 Aug 2012 03:11 AM PDT

Certain statements made over the years resonate with such gusto that they just do not and cannot fade into oblivion. What statements certainly would be included under this heading? Can we ever forget . . . ?
"I'm not a crook." ….. How about…? …."I did not have sexual relations with that woman."
Surely "Read my lips. No new taxes!!" has a special place in history.
In this same vein, those lines and the longstanding ridicule associated with them received a little company … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Nobody Knows The Future!

Posted: 01 Aug 2012 02:16 AM PDT

If you are like us, you subscribe to many information sources, free and paid, and in the end nobody knows the future and all you can do is react the dominate flow of activity to ride the wave.

Famed Investor Jeremy Grantham sums the current market thought up perfectly.

Source: “I, For One, Wish That The World Would Get On With Whatever Is Coming Next”

"Groundhog Day"

The economic environment seems to be stuck in a rather unpleasant perpetual loop. Greece is always about to default; … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Quotation Of The Day: Sports Socialism

Posted: 31 Jul 2012 08:59 PM PDT

“The Olympics are a giant exercise in sports socialism—or crony capitalism, if you prefer—where the profits are privatized and the costs socialized. The games never pay for themselves because they are designed not to. That's because the International Olympic Committee (an opaque "nongovernmental" bureaucracy made up of fat cats from various countries) pockets most of the revenue from sponsorships and media rights (allegedly to promote global sports), requiring the host country to pay … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


America’s Energy Jackpot: Industrial Natural Gas Prices Fall To The Lowest Level In Recent History

Posted: 31 Jul 2012 08:34 PM PDT

The Department of Energy released it monthly update today on natural gas production and prices through May, and the chart above displays inflation-adjusted natural gas prices for commercial and industrial users.  By end user in May, industrial customers represented about 32% of natural gas consumption and electric power companies used almost half (49%) of the total natural gas consumed. Together, industrial and electric power customers consumed more than 81% of the total natural gas … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Swing Targets For The E-Mini S&P 500

Posted: 31 Jul 2012 04:15 PM PDT

The E-Mini S&P 500 has traded back and forth within the boundaries of a well-developed, uptrending channel over the last two months. Another drop within the channel could easily push price to these key targets. Here's more..

Channel
The daily chart of the E-Mini S&P 500 shows price has traded within a clear upward-sloping channel since June.
Every price move within this channel has been a breath of fresh air, as identifying entries and forecasting targets has been much easier than … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Microsoft Unveils Outlook For The ‘next Billion Mailboxes’

Posted: 31 Jul 2012 02:58 PM PDT

07/31/12 Microsoft previewed its Outlook.com webmail service. The new service will offer social networking integration and free web-based MS Office … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


Fed Rate Decision, ADP Report On Tap

Posted: 31 Jul 2012 08:44 AM PDT

07/31/12 The first day of August brings the FOMC rate announcement. A slew of data and earnings will be closely monitored, including the ADP employment … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


The Trend Trader For Stock Trading On Wednesday, August 1, 2012

Posted: 31 Jul 2012 05:03 AM PDT

By ForexMansion.com

The Trend Trader for the Dow 30 Stocks
For Trading On Wednesday, August 1, 2012

In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AA – Alcoa Inc
8.47
+ 0.24
8.42
8.31

Bullish

AXP – American Express Company
57.71
− 1.00
58.18
57.22

Neutral

BA – Boeing Co
73.91
− 1.27
74.92
74.27

Bearish

BAC – Bank of America Corporation
7.34
+ 0.82
7.30
7.20

Bullish

CAT – Caterpillar Inc
84.21
− … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


The Trend Trader For Forex Trading On Wednesday, August 1, 2012

Posted: 31 Jul 2012 05:03 AM PDT

By ForexMansion.com

The Trend Trader for Forex
For Trading On Wednesday, August 1, 2012

THE BIG SIX

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AUDUSD – Aust Dollar / US Dollar
1.0501
+ 0.01
1.0481
1.0380

Bullish

EURUSD – Euro / US Dollar
1.2303
+ 0.36
1.2291
1.2249

Bullish

GBPUSD – British Pound / US Dollar
1.5674
− 0.23
1.5705
1.5659

Neutral

USDCAD – US Dollar / Canadian Dollar
1.0031
+ 0.17
1.0036
1.0097

Bearish

USDCHF – US Dollar / … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


The Trend Trader For ETF Trading On Wednesday, August 1, 2012

Posted: 31 Jul 2012 05:03 AM PDT

By ForexMansion.com

The Trend Trader for ETFs
For Trading On Wednesday, August 1, 2012

The top 40 ETFs by net assets
In alphabetical order by symbol

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

AGG – iShares Lehman Aggregate Bd Fd
112.59
+ 0.10
112.43
112.38

Bullish

BND – Vanguard Total Bond Market ETF
85.23
+ 0.11
85.10
85.07

Bullish

DBC – DB Commodity Index Tracking Fd
27.25
− 1.20
27.44
27.17

Neutral

DIA – SPDR DJ Industrial Average … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


The Trend Trader For Futures Trading On Wednesday, August 1, 2012

Posted: 31 Jul 2012 05:03 AM PDT

By ForexMansion.com

The Trend Trader for Futures
For Trading On Wednesday, August 1, 2012

INDICES

Close
%
Change

3×1

7×5
Minor
Trend
Major
Trend
Trend Reading

S&P 500 – Sep ESU2
1374.50
− 0.43
1377.33
1362.92

Neutral

Dow Jones – Sep YMU2
12949
− 0.40
12989
12852

Neutral

Nasdaq – Sep NQU2
2636.50
+ 0.03
2633.58
2601.58

Bullish

Russell – Sep TFU2
784.60
− 0.52
788.86
784.30

Neutral

INTEREST RATES

US T-Bond – Sep ZBU2
151-01
+ … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards


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