Thursday, September 6, 2012

DailyMarkets.com - ECB Draghi SP500 100 Pt Rally

DailyMarkets.com - ECB Draghi SP500 100 Pt Rally

ECB Draghi SP500 100 Pt Rally

Posted: 06 Sep 2012 04:27 PM PDT

ECB President Mario Draghi jawboning of bond buying promises is responsible for the SP500 to get from 1340 to 1440, the next +100 pts will not come from promises but from action, and that will be a little harder. Draghi is done ‘that’s all folks’.

The ECB talk is done, now its action, and fellow Euro zone members must put up the cash to execute the massive and so far unpaid for plan, enter stage right Germany, your plan is:?????

This is a good video for the bulls (first part) and the bears … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Egypt Keeps Rates Steady, Possible Upside Inflation Risk

Posted: 06 Sep 2012 03:38 PM PDT

    The Central Bank of Egypt held its benchmark overnight deposit rate unchanged at 9.25 percent along with its other interest rates.
    The bank issued the following statement:

In its meeting held on September 6, 2012, the Monetary Policy Committee (MPC) decided to keep the overnight deposit rate and overnight lending rate unchanged at 9.25 percent and 10.25 percent, respectively, and the 7‐day repo at 9.75 percent. The discount rate was also kept unchanged at 9.5 … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Kindle Family Welcomes New Additions

Posted: 06 Sep 2012 02:47 PM PDT

09/06/12 Amazon unveiled the latest Kindle devices. The world’s largest online retailer introduced two Kindle Fire HD models and the Paperwhite … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Hot Option Plays: Out With Summer, In With New Highs

Posted: 06 Sep 2012 02:18 PM PDT

Cusick’s Corner 09-06-2012
The bulls are in control and it is worth looking at action that would be interesting for any continuation. First, there was no pullback, so if the market opens lower tomorrow that could be an interesting opportunity for those who missed the rally train. If we see an upside move on the employment data at the open, short-term sellers may get early ammo to take the market down, at least early. With the market now at highs that we have not seen since the spring, we are … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Stocks Soar 240+ Points On ECB’s New Bond-buying Program

Posted: 06 Sep 2012 01:53 PM PDT

09/06/12 Stocks traded near session highs late Thursday, led by a series of positive economic reports and after ECB President Mario Draghi said the central bank agreed on a new bond-buying … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Role Reversal

Posted: 06 Sep 2012 01:41 PM PDT

In “You Know You’re in Strange Economic Times When…,” I noted rapper Slim Thug’s goal of becoming the “Black Suze Orman”. In fact, there seems to be a growing number of celebrities weighing in on economic and financial matters nowadays, including:
Nicki Minaj
“Nicki Minaj And Other Surprising Celebrity Republicans” (International Business Times)
Nicki Minaj raps endlessly about her stacks of money, expensive clothes, cars and all the other luxuries that come with being one of the most famous … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

More Evidence Of Recovery: Home Builders Don’t Have Enough Workers To Meet New Demand

Posted: 06 Sep 2012 12:32 PM PDT

CNBC’s Diana Olick reports that:
After losing 70 percent of their business in the housing crash, the nation’s home builders are breaking ground again. New orders for homes are rebounding strongly, and housing starts have shown sustained growth over the past year. The demand is there; unfortunately, in some areas, the workers to build these homes are not.

Many former construction workers moved on to facilities maintenance work or remodeling, or whatever jobs they could find. Replacing them is … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Hot Option Plays: Is This A Melt Up?

Posted: 06 Sep 2012 12:17 PM PDT

Cusick’s Corner 09-06-2012
The ECB stuck with the script and the market reacted favorably but this run seems to have more to do with the Claims and ADP numbers. Both came in much better than expected and the private sector job growth, ADP, was over the 200K mark, a huge plus for domestic economy and could be a prelude into the Employment report tomorrow. The bulls are driving and it will be interesting to see if the underinvested gets pressured into this upside move. See you After Hours.
Stocks … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Killing Time In Detroit City

Posted: 06 Sep 2012 11:34 AM PDT

"I wanna go home
I wanna go home
Ohh how I wanna go home"
Detroit City, written by Mel Tillis and sung by Bobby Bare, is one of my favorite oldies. Actually, all my favorites are oldies. Like the father of one of my first grade classmates, this lament came from a good old Southern boy who went to Detroit to make his way in the auto industry. The one in the song put up a brave front in his letters home:
"Homefolks think I'm big in Detroit City"
"By day I make the cars;
by night I … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Navidi: “ECB Action: Calms Markets, Builds Bridge”

Posted: 06 Sep 2012 10:41 AM PDT

09/06/12 Beyond Global’s Sandra Navidi weighs in on the ECB bond buying program and the implications of the latest action from the central … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

US Jobs Report Takes Center Stage

Posted: 06 Sep 2012 08:22 AM PDT

09/06/12 The US employment report will take center stage on Friday morning. August nonfarm payrolls and the unemployment rate will be factored in to QE expectations ahead of next week’s Fed … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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