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midasreturns (< 20)

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March 2012



Back from the dead?

March 27, 2012 – Comments (0) | RELATED TICKERS: AMZN , BJRI , BIDU

Last night I pointed out that the poster stock of 2009 bull,BIDU, might be in for a rally. So I looked around, there are quite a few 2009 stalwarts that are coming back from dead e.g GS. Latest to join the band wagon might be AMZN.   [more]



And the uptrend continues!

March 27, 2012 – Comments (0) | RELATED TICKERS: SWI.DL , TSCO , BIDU

Adding to their six week winnning streak, the Dow gained 160 points +1.23% in today’s session. The S&P 500 which gained +1.40% closed at its highest level since May of 2008. The NASDAQ closed at its highest level since November of 2000. All this happenened after Federal Reserve Chariman Ben Bernanke reassured the market that the horizon holds nothing but low interest rates till 2014.  [more]



FaceOff - China Data Vs US Data

March 22, 2012 – Comments (1)

And the winner is China PMI. The Dow ended lower for a third consecutive session dropping 78 points as concerns mount over China’s manufacturing index being down for the 5th month in a row. The S&P 500 lost 10 points today and the NASDAQ lost 12 points. This was despite the fact that new jobless claims fell more than expected last week, while an index of leading economic indicators for February rose more than forecast.   [more]

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