Tuesday, October 2, 2012

DailyMarkets.com - Sam Zell, Time To Break Some Eggs

DailyMarkets.com - Sam Zell, Time To Break Some Eggs

Sam Zell, Time To Break Some Eggs

Posted: 02 Oct 2012 03:45 PM PDT

Sam Zell makes some epic points for any one who is a private investor.

Sam Zell speaks the truth and nothing but the truth.

Main Points
- The business cycle exists, you cant fiddle with it. (this concur with Felix Zulauf)
- When capital projects are placed on hold this is common at the dawns of recessions
- Investor confidence is critical for growth
- QE distorts price discovery from reality
- Letting a market clear of bad assets allows new generation of assets growth (ie forest fire … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Global Manufacturing Index Signals Rising Recession Risk

Posted: 02 Oct 2012 03:40 PM PDT

Despite a modest uptick in October, the JPM Global Manufacturing PMI just recorded its fourth straight reading below 50. With its 12-month moving average teetering on that dividing line between expansion and contraction, it seems clear that the risk is to the downside as far as the global economy is concerned.

In fairness, the index has only been around for 12 years, which is not enough of a history to establish a definitive causal relationship. But given the value that PMI indicators for … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Hot Option Plays: Fork In The Road After Hours

Posted: 02 Oct 2012 03:17 PM PDT

Cusick’s Corner 10-02-2012 After Hours
The market was able to muster a late day push above the morning lows but strength to the upside is potentially waning. If you look at the momentum oscillator RSI, Relative Strength Index, which is right at support level of 57 on the S&Ps, a challenge and break of 50 could be a potential negative for the equities. One indicator does not determine trend but the markets now seem to be at a proverbial fork in the road for the short term and a potential … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Stock Picks For Wednesday October 03, 2012

Posted: 02 Oct 2012 02:35 PM PDT

( click to enlarge )

Virgin Media Inc. (NASDAQ:VMED) looks to be moving up again after two-week consolidation period. Everybody knows how quickly this stock can move higher, so keep an eye for a possible breakout over $31. The stock is in a strong uptrend as long as the uptrend line remains intact.

 ( click to enlarge )

OmniVision Technologies, Inc. (NASDAQ:OVTI) has retraced most of its recent gains and looks ready to renew its bullish momentum. Also, the RSI is bouncing back from the bottom. … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Tough Tuesday For Dow On Spain, MetroPCS Rallies & An “Express” Sell-off

Posted: 02 Oct 2012 01:50 PM PDT

10/02/12 Stocks were dragged down Tuesday after Spain’s prime minister dismissed earlier reports over a possible Spanish bailout request. Meanwhile, MetroPCS is on the verge of a buyout and Express sees a fast stock price … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

FX Interventions Can Lower Global Bond Yields – BIS Paper

Posted: 02 Oct 2012 12:55 PM PDT

  Japan's foreign exchange interventions in 2003-2004 not only depressed U.S. and Japanese bond yields but also the yields of other countries whose bond markets were part of the integrated global bond market, according to a working paper from the Bank for International Settlements (BIS).
     The authors argue that intervention in currency markets is similar to the large-scale asset purchases (LSAPs) that have become popular with central banks as an unconventional tool of … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

The Golden Years: Is A SIMPLE Right For You?

Posted: 02 Oct 2012 12:29 PM PDT

10/02/2012 InnerHarbor Advisors’ Michael J. Keating, CFP, explains the basics of a Savings Incentive Match Plan for Employees (SIMPLE … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Hot Option Plays: Xpound Is Back Midday

Posted: 02 Oct 2012 12:18 PM PDT

Cusick’s Corner 10-02-2012 Midday
We are back online today — by the Midday the market has given up the open upside challenge, 1445 on the S&Ps. A break and hold of this level could be a catalyst for more discussion of a potentially bullish consolidation in the works but we would need another push to the upside. Gold is in chop mode and currently hitting its head at resistance at multiple points, short-term bulls could potentially get frustrated unless the metal can breakout above the … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

LinkedIn Gets Interactive With ‘Influencers’

Posted: 02 Oct 2012 12:02 PM PDT

10/02/12 LinkedIn unveiled a new feature on its professional social networking service. Users can follow pre-selected Influencers without being ‘connected’ to … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Global Insurers Weather Financial Crises – IAIS Report

Posted: 02 Oct 2012 12:00 PM PDT

     Insurance companies worldwide escaped relatively unscathed from the global financial crises and were better capitalized at the end of 2011 – the year of the Japanese earthquake/tsunami – than at the end of 2007, according to the first-ever report on the global insurance market.
    The Global Insurance Market Report (GIMAR), which covers the period between 2007 and 2011, was released by Basel-based International Association of Insurance Supervisors (IAIS) and … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Willis: “Market Was Extended To Upside”

Posted: 02 Oct 2012 10:24 AM PDT

10/02/12 Albert Fried & Company’s Ben Willis discusses fundamentals and technical factors affecting the US equity markets. This week’s event risk are also touched upon: Presidential debates, central bank decisions, US jobs … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Paris Motor Show 2012: Chevrolet Unveils Its New Trax SUV

Posted: 02 Oct 2012 05:20 AM PDT

10/02/12 During the official Chevrolet press conference at the 2012 Paris Motor Show, President of Chevrolet Europe, Susan Docherty, unveiled the all new Chevrolet Trax small … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Uganda Cuts Key Rate 200 Bps To 13%, 7th Cut In 2012

Posted: 02 Oct 2012 09:19 AM PDT

    The central bank of Uganda cut its key Central Bank Rate (CBR) by a further 200 basis points to 13.0 percent to provide further stimulus to the economy following a sharp drop in inflation.
    The Bank of Uganda (BOU), which has now cut its benchmark rate 7 times this year for a total reduction of 1,000 basis points, said the CBR rate was now approaching a level that was consistent with core inflation of 5 percent and any further rate cuts this year were likely to be … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

ADP Report, Global PMI Services Data On Tap

Posted: 02 Oct 2012 08:32 AM PDT

10/02/12 The midweek global calendar is peppered with PMI services data from China, UK and the Euro zone. The ADP employment report and ISM services index will be released on … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Oil Remains Steady Above $92

Posted: 02 Oct 2012 03:25 AM PDT

10/02/12 Front month crude prices were trading steadily above $92 Tuesday morning after yesterday saw Fed Chairman Bernanke back QE3 and an expansion of the US … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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