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Monthly Archives: July 2010

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“A Modern-Day Depression”: Rosenberg Sees “Tough Slogging” for the Economy

Posted on July 29, 2010 by
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The Fed’s Beige Book survey provided some relief from the recent drumbeat of downbeat economic news – including Wednesday’s durable goods report.

“Economic activity has continued to increase, on balance, since the previous survey,&q

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David Rosenberg’s Advice for Surviving a “Meat-Grinder” of a Market

Posted on July 29, 2010 by
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Gluskin Sheff strategist David Rosenberg is one of the most vocal and vociferous bears on Wall Street. Rosenberg doesn’t believe the recent rally – which hit a small air pocket on Wednesday – is sustainable.

“The market is overbough

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David Rosenberg: Investors’ Renewed Complacency “Could Get Shattered Pretty Quickly”

Posted on July 29, 2010 by
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The Dow looks to keep its 5-day winning streak alive Wednesday after eking out a minuscule gain on Tuesday. The blue chip index and the S&P 500 both closed above their 200-day moving averages – a key bullish indicator for technical analysts.

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Markets Blind to Rising Tensions on Korean Peninsula, Ian Bremmer Says

Posted on July 29, 2010 by
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Tensions between North Korea and the United States have intensified since the Stalinist nation was accused of sinking a South Korean war ship in March.  The pressure rose again this week when the U.S. and South Korea conducted a series of large-scale

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10 Things You Need to Know: Morning Edition

Posted on July 29, 2010 by
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From The Business Insider Good morning. Here’s what you need to know: * Asian markets were all up in overnight trading, with the Nikkei up 2.7%. European markets are mostly trading to the downside early today and U.S. futures suggest

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Double-Dip? “Resilience” of Oil Prices Saying “Something Different”, Chris Edmonds Says

Posted on July 29, 2010 by
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Crude oil prices took a hit Tuesday after trading over $79 per barrel, the highest levels in nearly three-months.  Prices fell below $76 per barrel following news the Consumer Board’s consumer confidence index fell again in July.  Chris Ed

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Big Bucks for Big Energy CEOs: “It’s Been a Tremendous Decade”

Posted on July 28, 2010 by
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Ken Feinberg’s report on Wall Street bonuses has come and gone with nary a claw-back, and the outrage over Tony Hayward’s severance package was fairly muted, Rep. Edward J. Markey’s (D-Mass.) protestations aside. But revelations about huge CEO pay package

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“Horrifying News About Afghanistan”: Obama’s Latest Political Headache

Posted on July 28, 2010 by
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In 1971, The New York Times published a top-secret Defense Department report dubbed “the Pentagon Papers”. The report – which

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No Ordinary Quarter: BP Posts $17B Loss, Ousts CEO, Tries to Move On

Posted on July 28, 2010 by
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BP reported a second-quarter loss of $17 billion Tuesday morning and confirmed widespread reports that Tony Hayward will step down as CEO, to be replaced by American-born Robert Dudley. …

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Obama a Socialist? POTUS Talks Tough But Actions Are “Market Friendly,” Dow Says

Posted on July 28, 2010 by
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One of the principal criticisms of President Obama is that he is anti-capitalism. Opponents even describe his administration’s policies as socialist.Mark Dow, portfolio manager at Pharo Management LLC, a global hedge fund, says these accusations are basel

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How The Latest Earnings Will Only Create More Rage At Corporate America

Posted on July 28, 2010 by
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Provided by the Business Insider, July 27, 2010: Rhetoric about there being “two Americas” divided into the “haves and have nots” is all too common, but you should probably expect to see an uptick in that very soon.Q2 earnings for

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GE Wrong to Raise Dividend: Company Still Needs the Money, Ortel Says

Posted on July 27, 2010 by
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GE shares rose another 2% Monday, resuming a rally which began Friday after the company said it will raise its dividend from 10 cents to 12 cents per share. Although it’s still a long way from the 31 cents a share GE was paying before it slashed the

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The Calendar…option traders best friend

FAQ...Always be aware of the date and the day the new month starts when trading options or futures !!!...

Why?.... most stock options and index options expire on the third Friday of the month...

so some months are "shorter" than others if the first day of the month is a Friday.

Vix options expire on the Tuesday after the third friday of the month.Make sure you keep one eve on the date.

 

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