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Stocks up – bonds down
Friday, 10 Sep, 20102010-09-10T17:07:02Zl, j M, Y12:072010-09-10T17:07:02ZG:i | No Comment
Stocks up – bonds down

U.S., European and Japanese bond prices have each made new weekly lows on Friday morning as investors shun the need for the safety of fixed income following signs that the double-dipper crew is …

Stocks Find Modest Traction in Light Action
Friday, 10 Sep, 20102010-09-10T15:27:05Zl, j M, Y10:272010-09-10T15:27:05ZG:i | No Comment
Stocks Find Modest Traction in Light Action

The US equity markets are modestly higher in late-morning trading on light action in the final session of the abbreviated week, on the heels of yesterday’s favorable US employment and trade data, which …

Texas Instruments (TXN) Lowers Top End of Guidance
Friday, 10 Sep, 20102010-09-10T13:28:08Zl, j M, Y8:282010-09-10T13:28:08ZG:i | No Comment
Texas Instruments (TXN) Lowers Top End of Guidance

I was fortunate in the timing of this, as last evening (just hours after I shorted it) Texas Instruments (TXN) lowered the top end of its guidance.  It wasn’t a huge change and …

Risk appetite fails to gain traction
Friday, 10 Sep, 20102010-09-10T13:20:26Zl, j M, Y8:202010-09-10T13:20:26ZG:i | No Comment
Risk appetite fails to gain traction

Risk appetite has the ability but apparently little desire to self-improve at the end of the week. The huge sucking sound of Chinese imports in to its nation’s ports helped relax fears over …

Modest Gains to Start the Day
Friday, 10 Sep, 20102010-09-10T13:18:39Zl, j M, Y8:182010-09-10T13:18:39ZG:i | No Comment
Modest Gains to Start the Day

The US equity markets are slightly above the flatline in morning trading of the final session of the shortened week, as yesterday’s favorable US employment and trade data are helping soothe resurfacing …

What’s driving Russia?
Friday, 10 Sep, 20102010-09-10T12:16:19Zl, j M, Y7:162010-09-10T12:16:19ZG:i | No Comment
What’s driving Russia?

Russia’s publicly-traded gold companies may more than double their production in the next five years, and the country’s uranium output may increase even more over that same time period.
That’s the outlook offered by …

Mixed bag for forex traders
Thursday, 9 Sep, 20102010-09-09T14:03:40Zl, j M, Y9:032010-09-09T14:03:40ZG:i | No Comment
Mixed bag for forex traders

Following last week’s show of health in the shape of reasonable U.S. job creation, investors find themselves at the start of the same cycle witnessed back in the second quarter. Growth around the world appeared …

Auto Sales Recovery Stalls as Economy Waffles
Thursday, 9 Sep, 20102010-09-09T13:55:14Zl, j M, Y8:552010-09-09T13:55:14ZG:i | No Comment
Auto Sales Recovery Stalls as Economy Waffles

Housing and auto sales, the 2 cyclical industries that most directly affect the U.S. economy and are the largest consumption decisions in day to day life, have rebounded off the worst levels of …

Upbeat Sentiment Undermines Safe Haven Currencies
Thursday, 9 Sep, 20102010-09-09T13:30:17Zl, j M, Y8:302010-09-09T13:30:17ZG:i | No Comment
Upbeat Sentiment Undermines Safe Haven Currencies

More upbeat market conditions overnight bolstered global bourses, undermining the safe haven currencies.  Better than expected Canadian data fed into positive sentiment, fueling the Dow through into the afternoon session in New …

Reports on Employment and Trade Come to the Bulls’ Aid
Thursday, 9 Sep, 20102010-09-09T13:26:59Zl, j M, Y8:262010-09-09T13:26:59ZG:i | No Comment
Reports on Employment and Trade Come to the Bulls’ Aid

The US equity markets have moved to the best levels of the day as a much steeper-than-anticipated drop in jobless claims and a larger narrowing of the trade deficit than forecasted are giving …

Fed Notes Slowing Growth, Market Yawns
Wednesday, 8 Sep, 20102010-09-08T20:54:48Zl, j M, Y15:542010-09-08T20:54:48ZG:i | No Comment
Fed Notes Slowing Growth, Market Yawns

Stocks were modestly higher on the day, overcoming early pressure from European debt concerns, and showing little reaction to US economic news, which included a fall in mortgage applications and a decline in …

Mixed sentiment apparent in Bank of America options action
Wednesday, 8 Sep, 20102010-09-08T20:50:34Zl, j M, Y15:502010-09-08T20:50:34ZG:i | No Comment
Mixed sentiment apparent in Bank of America options action

Today’s tickers: BAC, XRT, ZMH, GMCR, COF, YHOO, ZGEN & NYT
BAC – Bank of America Corp. – One massive options transaction on Bank of America today suggests one investor has made a bee-line …

HP Is Right To Sue Mark Hurd
Wednesday, 8 Sep, 20102010-09-08T18:58:53Zl, j M, Y13:582010-09-08T18:58:53ZG:i | No Comment
HP Is Right To Sue Mark Hurd

Hewlett-Packard Co. slapped Mark Hurd, the CEO it ousted last month, with a law suit soon after rival Oracle Corp. named Hurd as Co-president and Director. HP claims that Hurd cannot perform his job …

Fed’s Move to Buy Treasuries Posing Serious Risks – Frederic Mishkin
Wednesday, 8 Sep, 20102010-09-08T17:14:40Zl, j M, Y12:142010-09-08T17:14:40ZG:i | No Comment
Fed’s Move to Buy Treasuries Posing Serious Risks – Frederic Mishkin

I have not always agreed with some of the comments or theories of ex Fed member Frederic Mishkin but today on CNBC he had an excellent interview describing what has happened at the …

Canadian rate jolt sends shudders across global bonds
Wednesday, 8 Sep, 20102010-09-08T15:38:02Zl, j M, Y10:382010-09-08T15:38:02ZG:i | No Comment
Canadian rate jolt sends shudders across global bonds

Bonds have come back off the boil as investors try to figure out whether or not the European banking system might weigh any further on the global recovery following a recent poke at …

Europe’s Resiliency Helping Foster US Buoyancy
Wednesday, 8 Sep, 20102010-09-08T15:33:53Zl, j M, Y10:332010-09-08T15:33:53ZG:i | No Comment
Europe’s Resiliency Helping Foster US Buoyancy

US equity markets are overcoming yesterday’s solid decline as European stocks have overcome disappointing industrial production and festering banking sector concerns, following a successful debt auction in Portugal. Treasuries are under pressure …

Goldman: Emerging Market Stock Market Capitalization to Rise Fivefold by 2030
Wednesday, 8 Sep, 20102010-09-08T13:34:39Zl, j M, Y8:342010-09-08T13:34:39ZG:i | No Comment
Goldman: Emerging Market Stock Market Capitalization to Rise Fivefold by 2030

Just follow the path of jobs… where they are going you want to be investing the next few decades.  Where they are leaving you want to be avoiding unless the companies in those …

Currencies in flux
Wednesday, 8 Sep, 20102010-09-08T13:31:48Zl, j M, Y8:312010-09-08T13:31:48ZG:i | No Comment
Currencies in flux

The burning question on investors’ minds following the accusation that the Eurozone banking stress tests were flawed was whether or not the immediate shuttering of risk appetite was the start of a bigger …

Trying to Rebound from Yesterday’s Lackluster Session
Wednesday, 8 Sep, 20102010-09-08T13:18:22Zl, j M, Y8:182010-09-08T13:18:22ZG:i | No Comment
Trying to Rebound from Yesterday’s Lackluster Session

US stocks are modestly higher in morning action following yesterday’s sluggish start to the week, with a successful debt auction in Portugal helping soothe some recently resurfaced banking sector concerns to aid a …

Safe-Haven Currencies Soar on Renewed Worries
Tuesday, 7 Sep, 20102010-09-07T21:24:18Zl, j M, Y16:242010-09-07T21:24:18ZG:i | No Comment
Safe-Haven Currencies Soar on Renewed Worries

A worse-than-expected German factory orders report and renewed concerns over Ireland’s fiscal problems led to an overnight selloff in global equities and a rebound in safe-haven currencies.  In the absence of any …

Stocks Start the Week by Sinking
Tuesday, 7 Sep, 20102010-09-07T21:22:10Zl, j M, Y16:222010-09-07T21:22:10ZG:i | No Comment
Stocks Start the Week by Sinking

With no major corporate news or any economic reports to provide catalyst, US stocks came under pressure to begin the holiday-shortened week, as traders may have booked some profits following last week’s …

China Not Budging on Currency
Tuesday, 7 Sep, 20102010-09-07T19:43:45Zl, j M, Y14:432010-09-07T19:43:45ZG:i | No Comment
China Not Budging on Currency

Despite increasing pressure in America on China to allow its currency to appreciate to a fair market value, communist party leaders say they have no intention of acquiescing to outside pressure, according to …

Bulls Hit the Brakes Following Holiday Break
Tuesday, 7 Sep, 20102010-09-07T15:49:28Zl, j M, Y10:492010-09-07T15:49:28ZG:i | No Comment
Bulls Hit the Brakes Following Holiday Break

The global equity markets are under pressure, with US stocks in the red in late-morning trading as some traders are opting to book some profits from last week’s solid advance that came courtesy …

Nearby maturities signal liquidity fears as red flags raised over European stress tests
Tuesday, 7 Sep, 20102010-09-07T15:45:03Zl, j M, Y10:452010-09-07T15:45:03ZG:i | No Comment
Nearby maturities signal liquidity fears as red flags raised over European stress tests

Risk aversion took a step forward following analysis by Wall Street Journal staffers, claiming flaws in the methodology of the July stress-testing process across 91 European banks. The contention is that banks have …

Euro dips following questions over banking stress testing
Tuesday, 7 Sep, 20102010-09-07T13:14:19Zl, j M, Y8:142010-09-07T13:14:19ZG:i | No Comment
Euro dips following questions over banking stress testing

Accusations that the European banking system got the all-clear from a quack rather than a qualified doctor has the single currency return to under-the-weather status. A Wall Street Journal report says that …

Negative Session Under Way Following Labor Day
Tuesday, 7 Sep, 20102010-09-07T13:09:59Zl, j M, Y8:092010-09-07T13:09:59ZG:i | No Comment
Negative Session Under Way Following Labor Day

The US equity markets are under pressure in early action as traders return from the holiday weekend following last week’s solid advance that came on a string of favorable global economic data, culminating …