| Removal Of Stimulus Packages Next Year Poses Bubble, Credit Risks Says World Bank's Zoellick
November 11, 2009 at 10:21 pm
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| The global economy must be wary of bubble and credit risks in 2010 as central banks around the world begin removing stimulus, warned World Bank President Robert Zoellick yesterday (Wednesday). Speaking to the press at the Singapore Foreign Correspondents Association, Zoellick said policymakers must be vigilant in preventing asset bubbles and that the private sector is needed to stoke demand. “And so when that stimulus money has run its course, then the question will be, will the … [visit site to read more] 
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| Earning Dividends With International ETFs
November 11, 2009 at 10:03 pm
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| Certain types of investors are always on the lookout for a nice dividend yield in their domestic holdings. Did you know that handsome yields can be found in international exchange traded funds (ETFs), as well? International dividend ETFs can provide decent yields and remove the need to do research on foreign stocks. Instead of trying to pick foreign holdings on limited information, there are funds that have pulled together some high-quality, dividend-paying companies that you can hold … [visit site to read more] 
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| Biotech Stocks: The Market's Best Bargain Right Now
November 11, 2009 at 9:01 pm
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| Last week, I told you that we had collectively moved over $5 trillion in cash from the sidelines to the markets, serving as the rally’s fuel, so to speak. With all that cash back in play, it’s the economy that now must provide the impetus for the market to push higher. More specifically, we need corporate earnings to grow again. And the only way that’s going to happen is if the economy cooperates. The prevailing price-to-earnings ratio (P/E) for the market is 23. Which, if you look … [visit site to read more] 
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| Stock Picks For Thursday: Applied Materials, JDS Uniphase And GigaMedia Limited
November 11, 2009 at 8:16 pm
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| ( click to enlarge ) GigaMedia Limited (GIGM) was one of the stronger stocks on Wednesday, as the stock closed up $0.21 on 2x normal daily volume. GIGM hit a high of $4.22, which is resistance for Thursday’s move. The stock showed strength throughout the day and should continue this upside move. On the technical side, the chart looks very good here. The stock broke through $4 resistance and is trading above its 10 MA. Stochastics and the RSI are now bullish signalling that sideways … [visit site to read more] 
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| Are Japanese Government Bonds The World's Biggest Time Bomb?
November 11, 2009 at 8:01 pm
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| When the next major crisis unfolds, investors might have to learn a new acronym - JGBs. The global credit crisis has impacted all our lives in many ways - some small, some not so small. One of the small things we’ve had to deal with is an invasion of acronyms. Who knew that strings of letters could be so deadly? Just as a sampling from the smoking wreckage, we’ve had to hear all we can stand about CDS (credit default swaps)… MBS (mortgage-backed securities)… Option ARMs … [visit site to read more] 
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| My Thoughts On The Bear Stearns Hedge Fund Case
November 11, 2009 at 7:05 pm
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| Ralph Cioffi and Matthew Tannin Did yesterday’s verdict in the Bear Stearns hedge fund case establish a precedent that precludes likely guilty verdicts in other financial fraud cases? Let’s hope not. I did not sit in on this trial, so I am not about to weigh in on the verdict. Consensus opinion from those who did sit in on the trial seems to agree that the prosecution presented a very weak case. Additionally, the prosecution was challenged from the standpoint of not being able to … [visit site to read more] 
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| The Three Key Economic Issues Obama Will Tackle In His First Asia Trip
November 11, 2009 at 7:03 pm
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| When U.S. President Barack Obama this week makes his first visit to Asia as the nation’s chief executive, he will have no shortage of issues to address. However, there are three key subjects that he will pay particular attention to. China’s currency, the yuan, which Beijing keeps undervalued to boost exports.
The large trade imbalance between China and the United States.
And a pending free trade agreement (FTA) with South Korea. Analysts believe President Obama will push to … [visit site to read more] 
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| A Green Energy Investing Guideline
November 11, 2009 at 7:01 pm
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| Typically, when investors think about making money from climate change, they think about buying shares of companies that specialize in biofuels or alternative or green energy. But those aren’t the only ways to profit from the green movement. Deutsche Bank Group (DB) recently conducted in-depth research, analyzing climate change and the cost of combating it. And a few very interesting conclusions came from it… More capital is required to mobilize climate change industries and … [visit site to read more] 
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| US Senator Chris Dodd Has An Epiphany
November 11, 2009 at 7:01 pm
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| Senator Chris Dodd (D-CT) is in a fight for his political life. Dodd continues to trail his primary Republican opponent Rob Simmons in recent polls. More disturbing than the actual polls versus his competition is the fact that fully 51% of those polled do not consider Dodd honest and trustworthy. What happens to individuals faced with a potential death sentence? Come to Jesus. Faced with the prospect of death, literally or professionally, individuals often will undertake drastic changes … [visit site to read more] 
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| Obama Administration Won't Release Mortgage Modification Figures
November 11, 2009 at 6:15 pm
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| No news is good news, right? Well, that may work in raising teenagers but when it comes to public policy in general and housing policy specifically the American public deserves to know what is going on. Why? American taxpayers are picking up the tab, that’s why. Regrettably, our wizards in Washington are often reluctant to provide the transparency the American public deserves. I witness this dynamic again today in reviewing a story on the mortgage modification program. The Wall … [visit site to read more] 
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| Monsanto Confirms Earnings Guidance
November 11, 2009 at 6:04 pm
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| At its investor conference call, Monsanto Company (MON) indicated that it will accelerate launches for its Genuity SmartStax corn and Genuity Roundup Ready 2 Yield soybean products. The company emphasized its growth strategy from 2010 through 2012, which includes three operational imperatives: the conversion to Genuity SmartStax in U.S. corn, the upgradation to the Genuity Roundup Ready 2 Yield platform in U.S. soybeans, and increased penetration in Latin America. Monsanto now … [visit site to read more] 
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| Richard Bookstaber Goes To The SEC
November 11, 2009 at 6:01 pm
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| I see that Richard Bookstaber is moving to the SEC. Good for him! I hope that this is the start of some adult supervision by the regulatory authorities. Consider what Bookstaber had to say about the banking system in an older post on his blog:
The last thing a bank wants is a competitive, efficient market, because then it would not be able to extract economic rents. So the incentives are to create innovative products that reduce market efficiency, not enhance it. How is this done? … [visit site to read more]
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| Peak Manhattan?
November 11, 2009 at 5:35 pm
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| We did some thinking yesterday, on our trip to Uruguay. Why Uruguay? We thought we should have a look around. Montevideo is a cheap place to live. It’s on the sea, with beaches near the downtown area. It is an old town, with many fine buildings. It is clean. It is safe. It has history too. When the English invaded Buenos Aires, the Spaniards launched a counterattack from the fortress at Montevideo and got it back. “It looks like a nice place,” we said to our local contact. “But it seems … [visit site to read more] 
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| Economic Forecast For 2010: Updated November 2009
November 11, 2009 at 5:01 pm
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| I’ve updated my economic forecast for 2010. Here’s a chart showing quarterly growth rates: Key features: consumer spending on durables dips this quarter (after cash-for-clunkers), then grows at a pace that mixes conservative attitudes with pent-up demand and limited credit availability. I spent more time this round modeling inventories. It’s still a big wild card, that can swing quarterly numbers hugely. For instance, an optimistic–but not implausible–figure for the … [visit site to read more] 
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| The Sorry State Of Modern Economics
November 11, 2009 at 4:01 pm
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| Since last year’s collapse of the banking system, hundreds of billions of dollars have been spent to bail out some of the major players. Additionally, governments all over the world, and their central banks, have implemented huge stimulus programs to combat the consequences of the burst real estate bubble. Economic history is being written right before our eyes. Hence, I refer to this episode as the largest economic experiment since the implementation of communism. And here’s what … [visit site to read more] 
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| AIG To Repay Taxpayer Bailout?
November 11, 2009 at 3:01 pm
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| Moody’s Investor Service (MCO) analysts said on Monday that American International Group Inc. (AIG) will probably have the ability to fully repay the bailout money and buy back much of the government’s stake in the company as it continues to stabilize its core insurance operations and progress on its restructuring plan. AIG, which received about $180 billion of federal bailout including more than $80 billion in loans, has also been working for the last several quarters to sell … [visit site to read more] 
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| Rydex Market Timers: More Normal
November 11, 2009 at 2:02 pm
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| When we last visited the Rydex market timer a couple of days ago, we had the assets in the bearish and leveraged funds greater than the bullish and leveraged funds, and this typically is a bull signal. We also had the assets in the Rydex Money Market Fund at a very low level, and this typically is a bear signal. This was quite an unusual finding in the 9 years of data that I have. When there are more leveraged bears than bulls, we will see fear in the market as traders move to the safety … [visit site to read more] 
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| Video: 11/11 Risk Appetite Rises
November 11, 2009 at 1:11 pm
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| A lack of economic data within the US and beliefs that the Federal Reserve will keep its borrowing rates low for a prolonged time has increased investor appetite for higher-yielding currencies this session. … [visit site to read more] 
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| P&G Investor Predicts Stability Through 2011
November 11, 2009 at 12:33 pm
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| PG - The Proctor & Gamble Co. - Options activity in the January 2011 contract on the consumer products company today indicates one investor expects little fluctuation in shares over the next 14 months. Shares of PG are slightly up by less than 0.25% to stand at $61.90. The trader initiated a sold strangle by selling 2,000 puts at the January 60 strike for 5.73 each, and by selling 2,000 calls at the higher January 65 strike for a premium of 3.82 apiece. The gross premium pocketed on … [visit site to read more] 
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| USD/CHF Bearishness Approaches 15-Month Low
November 11, 2009 at 12:27 pm
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| Price action on USD/CHF, a daily chart of which is shown, has dropped to within just a few pips shy of the 15-month low (1.0030) that was hit just a couple of weeks ago. This occurs within the context of a clear and continuing accelerated downtrend that has been in place for almost a year now. A strong breakdown below key support at the 15-month low, which is essentially in the region of parity for the pair (1 U.S. dollar to 1 Swiss franc), should lead to further bearishness. With the ultimate … [visit site to read more] 
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| Oil Rally Could Be Losing Momentum
November 11, 2009 at 12:15 pm
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| Non inspirational. The lack of convictionn and breakout has led to few opportunities Oil directionaly. The range 75-80 seems to be holding very well recently. The usually disciplined sfot opted to go against his wiser option of not getting involved until a clearer trend and it has not paid off, as he suffered what he suspects many counterparts have in so many instances, buying the highs and selling the lows. An intraday chart like below doesn’t help, especially if trading breakout is what … [visit site to read more] 
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| Remember Veterans Day With Patriotic ETFs
November 11, 2009 at 12:12 pm
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| Military veterans across the United States will commemorate those who served our country well. There are related exchange traded funds (ETFs) that can help serve your portfolio in the same manner.The holiday, originally called Armistice Day, was created to honor veterans of World War I. As of 1954, Congress signed this day in as a holiday to honor all veterans of war in the United States. Many cities and towns across the United States will have parades and observances, for the … [visit site to read more] 
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| Using Micro Lots In Forex Trading For Best Position Size
November 11, 2009 at 12:01 pm
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| When we hear the word micro lot, we think of small accounts with high leverage. Although this may be true, Micro lots are the best way to size yourself right up to the % Risk that you want. In reality, micro lots do not exist in contract form. Micro lots are more the ability of your broker to accept orders in increments of $1000. For example, BUY $138,000 Micro verses BUY 130,000 Mini verses BUY $100,000 Standard. Look at the example below to show how you can buy more money while using the same … [visit site to read more] 
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| Stock Market Movers: Wynn Resorts, Toll Brothers, Smithfield Foods
November 11, 2009 at 11:30 am
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| WYNN - Wynn Resorts Limited - Option implied volatility on the operator of casino resorts jumped 15.42% this morning to 58.90%, while shares increased more than 3.5% to $66.45 after Bank of America/Merrill Lynch reiterated its 'buy’ rating on the firm. Nearly 10,000 option contracts changed hands on Wynn Resorts within the first 45 minutes of the trading session. TOL - Toll Brothers, Inc. - Shares of the luxury home building company are soaring 15.5% this morning to $21.27 after the … [visit site to read more] 
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| JPMorgan To Lift Salary Freeze
November 11, 2009 at 11:05 am
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| According to an internal memo to all employees, JPMorgan Chase & Company (JPM) will lift a salary freeze it put in place last year. The salary freeze was applicable for employees making more than $60,000 a year. The decision to lift the salary freeze is a part of JPMorgan’s compensation review process, following its profits for last several quarters in its investment-banking operations. The bank also intends to pay a $500 special award globally to employees who receive less … [visit site to read more] 
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| Beyond The BRICs: Here Are Other Emerging Market ETFs
November 11, 2009 at 11:01 am
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| The BRICs (Brazil, Russia, India and China) have gotten the majority of investor attention, but there are other worthy emerging market exchange traded funds (ETFs) that lie outside their boundaries. Many countries that fall under the emerging and or frontier market categories get overlooked, overshadowed by the BRIC wall. Some analysts say if you’re not looking at some other markets, you could be leaving a wide-open hole in your portfolio. How much should be allocated to your … [visit site to read more] 
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| AUD/USD Digesting The Better China Data
November 11, 2009 at 10:42 am
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| Overnight the China economic data came out better than expectations. Industrial Production, Trade and Retail Sales all showed some strength above expectations. This should benefit currencies like the AUDUSD and indeed the price moved to new 2009 highs once again (rising to 93.42 above the high from yesterday at the 0.9322 level). The price has come off the high however, and the pair is content to consolidate. On a hourly chart, the pair is forming a rising wedge with the bottom … [visit site to read more] 
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| Stocks To Watch On Wednesday
November 11, 2009 at 10:40 am
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| List of stocks where MA 13 crossed below the MA 50 ( Bearish Cross ) on Tuesday HRP - HRPT PROPERTIES TRUST
GCI - GANNETT CO INC
SO - SOUTHERN CO
TMO - Thermo Fisher Sciences
BX - Blackstone Group LP
AFL - AFLAC INC
CNX - CONSOL Energy Inc
RSG - REPUBLIC SERVICES INC
ROK - ROCKWELL INTERNATIONAL
DSX - DIANA SHIPPING INC
ECA - EnCana Corp
CB - CHUBB CORP
LRCX - Lam Research Corporation
NFX - NEWFIELD EXPLORATION
DAN - Dana Corp
PXP - Plains Exploration
BKC - BURGER KING … [visit site to read more] 
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