Friday, December 28, 2012

DailyMarkets.com - Dow Dives +150 Points As Fiscal Cliff Hopes Dissolve

DailyMarkets.com - Dow Dives +150 Points As Fiscal Cliff Hopes Dissolve

Dow Dives +150 Points As Fiscal Cliff Hopes Dissolve

Posted: 28 Dec 2012 02:36 PM PST

12/28/12 Stocks were trading near session lows Friday afternoon, with the Dow on pace to post a more than 1% decline for the week as Congressional leaders met in the White House to talk the “fiscal … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hot Option Plays: Looking For Leadership After Hours

Posted: 28 Dec 2012 02:18 PM PST

Cusick’s Corner 12-28-2012 After Hours
I mentioned that I was watching Silver and did get some emails asking me why? The first reason is that the metal has been under pressure lately, plus Tech, QQQ/XLK, has been a laggard for most of 2012 and needs to take a leadership role if the bulls want to continue to have momentum. If the QQQs start to challenge $64, there could be a break to $58.5 level. There needs to be a break of the November highs, $32.5/$66 respectively, if the bulls want to see … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Angola Keeps Rate Steady, Inflation And FX Rates Stable

Posted: 28 Dec 2012 11:54 AM PST

    Angola’s central bank kept its base rate (BNA) steady at 10.25 percent against a backdrop of stable inflation and kwanza exchange rates.
    The National Bank of Angola said credit to the economy returned to growth in November, continuing the trend from previous months. Loans in local currency represent almost 60 percent of total credit to the economy.
     Angola’s inflation rate was largely steady in November, with prices up 0.93 percent from the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Why Precious Metals, Uranium And Rare Earth Miners May Outperform In 2013

Posted: 28 Dec 2012 11:22 AM PST

Gold Stock Trades is still climbing the wall of worry as wealth in the ground metals becomes increasingly cheaper in a world that is threatened with the ghosts of depressions and deflations past.  We observe the doubters who regale us with the view that the miners are underperforming bullion and the general equities.  They claim that housing, financials and the dollar has bottomed.  We disagree.  Gold, silver and the undervalued miners may be bottoming and a reversal may … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hot Option Plays: Cliff Looms And Volatility On The Rise Midday

Posted: 28 Dec 2012 10:18 AM PST

Cusick’s Corner 12-28-2012 Midday
With all the fiscal cliff deals and mini deals out there, it is difficult to put any commentary together that will mean a hill of beans except simply use common sense. At this point we have not seen much volume and the most recent volatility has now put the realization that the longs are not budging, cliff or no cliff, until there is definitive news out of DC. This could be one of those classic go long the rumor, i.e. some sort of fiscal deal gets done leading … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Euro Falls To Dollar, Yen Slide Continues

Posted: 28 Dec 2012 10:01 AM PST

12/28/12 The euro fell against the dollar on Friday on the combination of profit taking and continued U.S. budget talks. Meanwhile, the yen hit yet another two-year dollar low on expectations of aggressive monetary … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Oil Prices Edge Higher

Posted: 28 Dec 2012 04:59 AM PST

12/28/12 Led by yet another effort in Washington to strike a budget deal before the year-end deadline, crude edged higher Friday … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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