Thursday, March 21, 2013

DailyMarkets.com - Central Bank News Link List – Mar 21, 2013: Cyprus Scrambles To Avert Meltdown, EU Threatens Cutoff

DailyMarkets.com - Central Bank News Link List – Mar 21, 2013: Cyprus Scrambles To Avert Meltdown, EU Threatens Cutoff

Central Bank News Link List – Mar 21, 2013: Cyprus Scrambles To Avert Meltdown, EU Threatens Cutoff

Posted: 21 Mar 2013 12:35 AM PDT

Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news.

Cyprus scrambles to avert meltdown, EU threatens cutoff (Reuters)
Bernanke saying he’s dispensible suggests tenure ending (Bloomberg)
Analysis: FOMC keeps easy money for foreseeable future (MNI)
Bank … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

SPDR Sector Relative Strength Pattern Pre USA Downgrade Repeats

Posted: 21 Mar 2013 12:30 AM PDT

The 2012 stock market just before the USA was downgraded by credit agencies showed the same relative strength pattern as the market is today. Defensive sectors are leading. Of course we remember the 20% plunge in the SP500 that followed.

History may not repeat exactly, but is sure may rhyme.

The current SPDR Sector relative strength pattern is below. The defensive sectors like Health (XLV), Staples (XLP) and Utilities (XLU) are leading the current rally for the last 22 days.

Chart Points: … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

FedEx Lowers 2013 Forecast, Plans More Cost Cutting

Posted: 20 Mar 2013 05:44 PM PDT

03/20/13 FedEx reported quarterly earnings that missed estimates, citing weakness in the international airfreight market. The bellwether issued a downbeat earnings outlook for the current … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Don’t Get Too Excited About Cyprus

Posted: 18 Mar 2013 09:59 AM PDT

The financial markets sold off early Monday on the news of the weekend bailout of Cyprus, but while the risks of a financial meltdown, while real, they are overly exaggerated. As I write these words, US equities have recovered most of their losses and shrugged off the Cyprus news.

What happened?
To explain what happened, Cypriot banks got in over the heads with too much Greek debt and had to be rescued. The EU stepped in with a €10 billion rescue package, but with the conditionality … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
at

No comments:

Post a Comment