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Too Big to Suffer a Loss - Doug Noland

John Lee (September 15th, 2008) Writes:
For the week, the Dow gained 1.8% (down 13.9% y-t-d) and the S&P500 increased 0.8% (down 14.8%). The Utilities rose 2.6% (down 14.8%), and the Morgan Stanley Consumer index gained 2.2% (down 5.1%). The Transports jumped 3.8% (up 11%), and the Morgan Stanley Cyclical index advanced 3.3% (down 13.2%). The small cap Russell 2000 added 0.2% (down 5.1%), and the S&P400 Mid-Caps increased 0.4% (down 8.1%). The NASDAQ100 was about unchanged (down 15.2%), while the Morgan Stanley High Tech index slipped 0.4% (down 15.6%). The Semiconductors lost 2.9% (down 21.2%). The Street.com Internet Index declined 0.3% (down 11%), while the NASDAQ Telecommunications index gained 1.7% (down 10.2%). The Biotechs gained 1.0% (up 3%). The financial stocks were mixed. With Lehman collapsing, the Broker/Dealers sank 11.6% (down 35.9%). Meanwhile, the Banks gained 3.2% (down 19.9%). With Bullion sinking $37, the ...
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Euro hits $1.6038, new record against US dollar

John Lee (July 15th, 2008) Writes:
The euro roared to a new high against the dollar on Tuesday, reaching $1.6038 in European trading as markets worried about the ongoing U.S. lending crisis and the state of the country's economy. The 15-nation currency's new all-time high against the dollar surpassed its previous record of $1.6018 set on April 22. After reaching the record, the euro fell back to $1.5969 -- still above the $1.5916 it bought in late New York trading Monday. The rise means that everything is more expensive for Americans who are traveling in the euro zone, from ice cream to beer to souvenirs. "Obviously it is a problem," Gary Berman, a New Jersey cardiologist visiting Berlin said. "I think twice about where we have dinner now, and I work harder to negotiate rates." The increase came even as a new report showed that German investor confidence tumbled to its lowest level ...

Bookkeeping: Beginning Canadian Solar (CSIQ)

Trader Mark (July 1st, 2008) Writes:
Continuing the theme of avoiding the stronger sectors and buying some weaker areas, I had almost bought Canadian Solar (CSIQ) just a few weeks ago in the mid $30s - it ramped to low $50s, and a missed opportunity went by the wayside. [Jun 17: Canadian Solar (CSIQ) Raises Guidance]It has now pulled back 30% from its high of $52 two weeks ago, and this appears to the be the market's current favorite - the only chart I can find in the sector where the stock has not broken the 50 day moving average. This is not my favorite name in the sector fundamentally - a huge amount of their last earnings were nothing more than currency gains - but the market doesn't peek beneath the hood to realize that, so we'll go with the market. And frankly, all that I've gained from buying ...

Monday Is Chart Day - Oil, Gold, Corn and More

Sean Brodrick (June 9th, 2008) Writes:
All CNBC can talk about this morning is Lehman Brothers. How many people does that effect? Meanwhile, oil is not pulling back much from its biggest one-day surge EVER on Friday. Don’t you think that deserves more headline time? The average price of a gallon of gasoline in the United States hit $4 for the first time ever Sunday. I think that affects a heck of a lot more people than Lehman Brothers. More on gasoline prices HERE.Gold Rises in London as Dollar, Near-Record Oil Heighten Inflation Concern Gold rose for a second consecutive trading session in London as the dollar declined and oil traded close to a record, bolstering demand for the metal as a hedge against a weaker U.S. currency and faster inflation. Corn Climbs to Record on U.S. Midwest Flooding; Soybeans, Wheat, Rice Gain Corn jumped to a record as rain in the ...

Gold is Money, and Nothing Else

Alex Stanczyk (May 30th, 2008) Writes:

Gold is Money. Its been said before, notably by the late JP Morgan. Yet today we find ourselves forgetting that gold is money.

Jim Sinclair has made some very accurate calls in his time, and is one of the most recognized experts in gold today. A recent message from Mr. Sinclair, I have bolded where he says gold is money:
As far as I am concerned:

I do not anticipate a one month or more drop in gold. Neither does Monty Guild, so be careful not to read his general commodity comment ass-backwards.
The worst case scenario is a chop after the low of April 28th set in, and the rally high in the low $950s. Following this the chop gives way to a break above $1034 on its way to $1200 in 2008. Write that down for the dark night of your gold soul.
Gold …

Tim Seymour Recommends Investing in Brazil

CEO Blogger (May 28th, 2008) Writes:
Seymour talked about emerging markets and pointed to Brazil’s relatively low inflation (4.5%) and strong currency. Plus, the Brazilian economy is smoking hot right now, and consumers in the country are spending. Seymour recommended three stocks, including Unibanco, Perdigao, and Companhia Sanea. Track the performance of these stocks at: http://www.trackthepros.com/categories.php?category_id=161 Also, his 18 Global Trades recommended on 3/12 are doing quite well overall….11 of the 18 are beating the S&P 500 Index, 5 are negative, and 2 are positive but below the index: http://www.trackthepros.com/categories.php?category_id=696

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