Friday, January 18, 2013

DailyMarkets.com - Federal Reserve Governors Comments From 2007

DailyMarkets.com - Federal Reserve Governors Comments From 2007

Federal Reserve Governors Comments From 2007

Posted: 18 Jan 2013 04:12 PM PST

If anybody thinks that the governors of the Federal Reserve have any degree of foresight on the economy, the following transcripts from 2007 are a MUST read. One governor, (yes one and it was not Ben Bernanke), displayed some prescient foresight and expressed real concern on what likely lay ahead on our economic landscape. Who was it? The one I recently highlighted as calling for the breakup of our TBTF megabanks. That would be Dallas Fed governor Richard Fisher.
After reading this release … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Dow Rises, Hits Best Level Since December 2007

Posted: 18 Jan 2013 02:36 PM PST

01/18/13 The Dow turned higher in the final minutes of trading, poised to close at its best level since December 2007 and set for its third-straight weekly … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hot Option Plays: 52 Week Highs After Hours

Posted: 18 Jan 2013 02:17 PM PST

Cusick’s Corner 01-18-2013 After Hours
It was quite a week — the S&Ps hit 52 week highs in spite of mixed earnings data. Domestic and global economic news have been the real driver this week – look at Housing Starts, New Claims (at levels not seen since 2008), and a retail market that has bounced back from the lows of 2012. This establishes a great discussion of longer term strength of the upside, but from a short-term perspective this has the markets getting rather extended. I mention … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hot Option Plays: Watch China Overnight After Hours

Posted: 18 Jan 2013 01:17 PM PST

Cusick’s Corner 01-17-2013 After Hours
Today was a win for the bulls. But Financials are in a different boat, with the banks having mixed results, it looks like this sector could be in for a bit of a consolidation. We could get some decent overnight action with China rolling out a ton of economic data. Positive data could be a small catalyst, and any GDP growth north of 7.4% could be one such catalyst. Watch the Michigan Sentiment, see if consumers continue consuming — payroll and employment … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Hot Option Plays: Slow Walk To 1500 Midday

Posted: 18 Jan 2013 01:17 PM PST

Cusick’s Corner 01-18-2013 Midday
The overnight data out of China boosted Asian markets and sparked a rally across multiple sectors. This has been a positive in the sense that it potentially supports continued global growth, while here in the States stocks are not rallying as broadly as our foreign partners. This action in Asia has the Dollar, UUP, coming under potential pressure. Also, industrial metals Copper and Silver, JJC & SLV, are looking poised for some potential upside after the … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Cardillo: “Great Week For Stocks…markets Pause Today”

Posted: 18 Jan 2013 10:51 AM PST

01/18/13 Rockwell Global Capital’s Peter Cardillo recaps this week’s market action and offers his assessment of global fundamentals and … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Oil Steady On Chinese Data, Demand Outlook

Posted: 18 Jan 2013 10:49 AM PST

01/18/13 The price of oil slipped to near $95 a barrel Friday but remained near four-month highs after new data showed China's economy rebounded in the final quarter of last year, suggesting an increase in energy … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Reaction To Chinese Data Lifts Dollar

Posted: 18 Jan 2013 05:45 AM PST

01/18/13 The U.S. dollar rose against most major rivals Friday, with currency markets showing little reaction to unexpectedly strong Chinese … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Stocks Steady, Chinese Data Impresses, & Earnings On Tap

Posted: 18 Jan 2013 08:33 AM PST

01/18/13 Global stocks were trading mixed Friday morning following the release of more earnings out of the U.S. and impressive Chinese … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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