DailyMarkets.com - Hot Option Plays: Market Drops – Focus Shifts To EU & Fiscal Cliff Midday

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• Hot Option Plays: Market Drops – Focus Shifts To EU & Fiscal Cliff Midday
• Markets Reacting To Uncertainty, Not Obama
• Euro Staggers On ECB Debt Crisis Statement
• Yesterday Up, Today Down! Oil Reverses Previous Session Gains
• Poland To Cut Rates Further If Economy Slows, Inflation Low
• Corn Price Consolidation Continues
• Global Stocks Tank, Obama Gets Re-elected, & Oil Drops 3%

Hot Option Plays: Market Drops – Focus Shifts To EU & Fiscal Cliff Midday Posted: 07 Nov 2012 11:17 AM PST Cusick’s Corner 11-07-2012 Midday The President won — the Utilities were an interesting tell. (In Florida there was a repeat of the hanging chad syndrome and their electoral votes are still unsettled.) Growth plays at this stage are getting hit on the open, Bonds are popping and Commodities are taking it on the chin. At this stage I would not be trying to catch falling knives, especially in the offensive sectors like XLY, XLE, XLK, and XLF, but I might start to look for some commodity plays … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Markets Reacting To Uncertainty, Not Obama Posted: 07 Nov 2012 11:08 AM PST 11/07/12 Evariste Lefeuvre, Chief Economist for Natixis, shares his reaction and explanation behind the steep drop in U.S. equities just one day after the U.S. presidential … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Euro Staggers On ECB Debt Crisis Statement Posted: 07 Nov 2012 05:11 AM PST 11/07/12 The euro took a hit Wednesday morning following ECB President Mario Draghi stating that Europe’s crisis is affecting … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Yesterday Up, Today Down! Oil Reverses Previous Session Gains Posted: 07 Nov 2012 04:40 AM PST 11/07/12 Front month crude prices were well in the red Wednesday morning following sluggish demand and ample … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Poland To Cut Rates Further If Economy Slows, Inflation Low Posted: 07 Nov 2012 08:33 AM PST     The central bank of Poland, which earlier cut its reference rate by 25 basis points to 4.50 percent, said it would cut rates further if there are signs of a protracted economic slowdown and inflation remains under control.     The National Bank of Poland (NBP) said recent data had confirmed that the Polish economy was slowing and this would restrain wage and inflationary pressures. According to the central bank’s new forecast, inflation should return to its target in … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Corn Price Consolidation Continues Posted: 07 Nov 2012 08:18 AM PST Wednesday, November 7, 2012 With the U.S. Corn harvest 95% complete, we are starting to see producer selling begin to slow. This has caused cash basis levels to strengthen as buyers attempt to draw supplies out of storage, though weak U.S. Corn exports are keeping the extent of the basis increases in check. Fundamentals Corn price volatility has become subdued the past few weeks, after the historic bull market this summer sent prices to record highs. Weak U.S. exports, lower Ethanol production, … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Global Stocks Tank, Obama Gets Re-elected, & Oil Drops 3% Posted: 07 Nov 2012 08:16 AM PST 11/07/12 Global stocks took a hit Wednesday, with the Dow dropping more than 250 points, on bearish ECB comments. Also, Obama wins re-election and oil prices drop … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

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