Although a lot more due diligence will be needed to accurately figure out what sectors of the U.S economy will be helped or hurt by a rising yaun,one sector that will benefit for sure Is the ENERGY SECTOR. Certain tech companies could also benefit greatly.... TS Beijing's decision to let its currency trade more flexibly could transform global investing. Will China export inflation instead of deflation? U.S. investors have plenty of theories about the eventual impact of China's new currency policy: A higher yuan could boost commodity prices, encourage U.S. exports, control Chinese inflation, and spark U.S. inflation. Yet, investors say, it won't do any of these things soon.
The People's Bank of China said on June 19 that it would "enhance the renminbi exchange-rate flexibility," allowing the value of the Chinese yuan to rise. The currency has been set at an artificially low level to facilitate Chinese exports. [more]
We are at a critical level right now that should test 10,600. Any CLOSE above this level Is positive for a possible short term move to 11,200. If we cannot get by this level look for a drop back towards the 9750 level again. We could be range bound between these two levels for awhile If we do not break through at 10,600..... TS :)
When I click on a buzzbox link nothing happens. Been like that for a few days. Anybody else having problems with the links to these blogs?
In their Beta test for their new virtual web based stock trading program,the folks at Kapitall.com decided who better than to help them with their endeavor than a bunch of ten and eleven year old kids that combine the real world and the virtual world almost every day of their lives... TS By Greg Toppo, USA TODAYPOTOMAC, Md. — When it came time to beta-test its new Web-based stock trading platform, the development team at Kapitall.com turned to business students at Harvard University, Boston University, Johns Hopkins University— and, among others, a group of fifth-graders here at Cold Spring Elementary School.
Who better to work out the kinks in a video-game-inspired, highly visual universe than a bunch of 10- and 11-year-old "digital natives" who've grown up with Wiis, PSPs and Super Smash Bros. Brawl? [more]
Motorola..... Motorola (MOT) and Research In Motion (RIMM) settle patent dispute... Whats your opinion on Motorola ?.....
And replace It with more blog posts In the buzz box. Anyone from TMF can post a blog on a so called stock of the day. I just do not see the value of this to the community. Let the community pick their stocks of the day,and debate them In this great open forum.... TS
All In !!!! TS Federal officials say flow rate may be larger than estimated, but the amount collected could be doubled by next week. Salazar says a ban on deep-water drilling could be lifted sooner than planned. http://www.latimes.com/news/nationworld/nation/la-na-gulf-oil-spill-20100610,0,6857229.story [more]
When this stock was at $42.00 I said that It would test $35.00... Went through that substantial floor,now the next test Is $33.00. The stock last traded at this level on 2/ 1 / 97.... If the stock fails to hold at $33.00, the next stop before any meaningful support Is $26.70, a price that has not been seen on this stock since 5 / 1 / 96..... TS [more]
I have blogged about this company before,and I got In and out with a tidy little profit. The stock (EMKR) Is nearing a 52 week low,and I will establish a small position (again) tomorrow. While I realize that the overall market trend Is down,this one makes CENTS at these price levels. This company Is HIRING,and I like the sector(s) that they operate In. http://tbe.taleo.net/NA2/ats/careers/searchResults.jsp?org=EMCORE&cws=1&act=search&WebPage=JSRCH&WebVersion=0&location=-1 [more]
If the DOW can hold above the 9750 level on the CLOSE throughout the week,we may get a substantial snap back rally.... Any CLOSE below this level and the next stop Is 9200 before you would probably see substantial support... The news cycle will play an Important role In the coming weeks... TS Late slide: Stocks fall in last hour, Dow down 115
By TIM PARADIS (AP) – 3 hours ago [more]
If you have read any of my posts on BP, you know that I think the companies stock Is a tremendous risk given all the uncertanties with regard to this enormous human and economic disaster. Risk/ reward does NOT favor reward here... TS It seems unthinkable, even now, that the disastrous oil spill in the Gulf of Mexico could bring down the mighty BP. But investment bankers get paid to think the unthinkable — and that is just what they are doing. The idea that BP might one day file for bankruptcy, particularly as part of a merger that would enable it to cordon off its liabilities from the spill, is starting to percolate on Wall Street. Bankers and lawyers are already sizing up potential deals (and counting their potential fees). http://www.nytimes.com/2010/06/08/business/08sorkin.html [more]
From my blog on May 13th of this year... If this spill Isn't contained soon,It could effect our entire economy. Nobody Is talking about this with regard to the dire economic mess that this could generate over the longer term... http://caps.fool.com/Blogs/ViewPost.aspx?bpid=391249&t=01009917921919779399 And now.... Obama Warns Oil Spill Will Substantially Impact Economy.... President Barack Obama Obama has met with Cabinet and other officials dealing with the massive oil spill in the Gulf of Mexico. The president says it is clear there will be substantial ongoing economic effects from the spill.
The president spoke after meeting with Cabinet and other officials directly involved in the response to the worst environmental disaster in U.S. history.
If containment efforts are successful, he said, it will take at least two more months for relief wells to be completed. Even after that, the president said Americans should be prepared for a substantial and ongoing economic impact. http://www1.voanews.com/english/news/usa/Coast-Guard-11000-Barrels-of-Oil-Captured-in-Gulf-in-24-Hours-95778544.html TS [more]
As I have said before,you are rolling the dice with BP right now.... TS With the high costs of the BP's Gulf of Mexico oil spill and no end in sight, some government leaders are questioning whether BP should continue to pay dividends to its shareholders. The company has said that no decision will be made until July when the next payment is scheduled, however, we decided to ask the Kudlow Caucus today:
As the drilling disaster spreads, should BP stop paying dividends? Poll : http://www.cnbc.com/id/37511898 [more]
Lets see.. I have been screaming about the lack of jobs as the market rallied 80%. I was along for most of the ride,but I started to get off the bandwagon about 9 weeks ago. We are STILL not creating jobs ( even though tomorrows report will probably tell you that 600,000 jobs were created last month) the FEDS will be spinning the numbers again considering most of the jobs went to census workers that WILL BE COUNTED THREE TIMES ! The Feds are not even talking about creating jobs for heavens sake ! SELL ON STRENGTH my fellow fools........ TS Bernanke Says U.S. Unemployment Imposes ‘Heavy Costs’
By Scott Lanman [more]
BP seems to be losing a lot of support In the arena of public opinion and perception..... TS Local fishermen block mouth of Bayou to protest BP hiring, payment practices
BAYOU LA BATRE, Ala. -- Before dawn today, more than half a dozen small boats formed a line near the mouth of the bayou, effectively blocking access to the Mississippi Sound to protest what some local fishermen called unfair hiring and payment practices by BP PLC. [more]
Depending on what economic Indicator Is being used,It Is possible to make either a bullish or a bearish case for stocks and economy In general. For Instance,If the consumer Is responsible for 70% of the gross domestic product In the United States,and the consumer Is either unemployed or not spending money,how can the stock market continue to rocket to the moon ? http://www.economicindicators.gov/ Here are a few Indicators that are hot,and some that are not.
FORTUNE -- If you look closely, you can find economic indicators everywhere. Over the years, economists have examined everything from hemlines to men's underwear sales to taxi availability to try and forecast the economy's future. [more]
States are going broke,cities are going broke,will the FEDS continue to print money to bail out any and all comers ? TS
FORTUNE -- Several downtrodden cities are on the verge of defaulting on their debt, putting financially encumbered states and taxpayers on the hook to pick up the tab. The National League of Cities says municipal governments will probably come up $56 billion to $83 billion short between now and 2012. That's the tab for decades of binge spending; municipal defaults could be our collective hangover. [more]