Global markets are charging higher Thursday after European leaders agreed to a wide ranging deal to lessen Greece’s debt burden, recapitalize troubled Euro banks, and increase the firepower of the EFSF. S&P futures are 25 handles higher, taking the index to 4th quarter highs. The deal is not perfect, but there is Read more…
SPY, XLF
Kerri Shannon: If you weren’t convinced before, hopefully you’ve seen the light now: Don’t buy bank stocks. Money Morning Global Investing Strategist Martin Hutchinson Read more…
NYSE:FAS, NYSE:FAZ, SKF, UYG, XLF
In impressive style, stocks bounced back from early losses to post solid gains on higher trade. The day started off slowly for the market but caught a bid around lunch time and never looked back all the way to the close. All five major indices closed higher on the session. The small-cap Russell 2000 Read more…
NYSE:FXD, OIL
JT Long: The end of 2011 is a golden opportunity to participate in an anticipated upside for mining equities, says Tocqueville Asset Management Senior Managing Director John Hathaway. We caught up to him at the Casey Research/Sprott Inc. Summit “When Money Dies” for this exclusive interview Read more…
NYSE:GDX, NYSE:GDXJ, NYSE:GLD
In trading on Wednesday, the EGShares Technology GEMS ETF (NYSE:QGEM) is outperforming other ETFs, up about 9.24% on the day. Also up on the day are the Read more…
AMEX:HHH, NYSE:CVOL, NYSE:QGEM, RTLA, UBM, VXX
Joseph L. Shaefer: “History Doesn’t Repeat Itself, But It Rhymes” The above quote, attributed to Mark Twain, has been used and misused to explain many things that did or did not occur and did or did not unfold according to historical precedent. A current favorite is to point out the similarities noted, thus Read more…
NYSE:EFG, RSP, RWX, SPY, VWO
Todd Shriber: Earlier this year, I wrote about contango, the commodities market situation where longer-dated futures contracts are trading above the current spot price. This can happen with any commodity under the sun, but in most cases, I’d bet that investors know a little something about contango as Read more…
NYSE:ERX, NYSE:ERY, USO, XOP
Stoyan Bojinov: In recent years, exchange-traded funds have become popular as vehicles for financial advisors and individual investors looking to establish exposure to gold, a precious metal that has tremendous appeal both as a means of enhancing returns and smoothing overall portfolio volatility. Read more…
NYSE:GDX, NYSE:GDXJ, NYSE:GGGG, NYSE:GLD
Eric Dutram: Many investors have had a rough time so far in 2011 as a number of issues have plagued markets around the world. European debt crises appear to be in the news every other day while an increasingly large number of emerging markets appear to be abandoning their focus on fighting inflation. Read more…
SPGH, SPY, VQT
The Daily Capitalist: First and foremost, my view is that the markets and the mainstream media have been giving insufficient attention (if any at all) to the core problem that was revealed by the meltdown in 2008. Massive amounts of capital was misspent (“malinvested”) during the boom. In order to finance Read more…
NYSE:GLD, SLV, TBT, TLT, TZA
Jeff Nielson: JP Morgan (NYSE:JPM) is the largest silver short-seller in the history of the world. JP Morgan is the “custodian” for the largest “long” silver fund in the history of the world, making this one of the largest conflicts of interest in all of history. Read more…
NYSE:AGQ, NYSE:GLD, PSLV, SLV, ZSL
Kevin Kerr: The crisp smell of autumn leaves, the chill in the air, and pumpkins, and turkey and stuffing, are all leading indicators that once again old man winter’s wrath will be here very soon. In fact, winter 2011-2012 is predicted to be tough sledding for much of the nation, and the world. Read more…
MOO, NYSE:DBA, RJA
Stoyan Bojinov: Domestic equity indexes finally slipped lower yesterday following a solid three-day rise. Stocks were hit as investors worries over the Euro zone resurfaced, consequently sparking a rally in the gold market. Futures prices for the yellow metal soared over $30, managing to close just around Read more…
XLI
US stock futures are back on the climb Wednesday morning with investors once again optimistic that Eurozone leaders will hammer out a plan to expand the European Financial Stability Fund (EFSF). Yesterday, major indices all pulled in around 2% amid skepticism that Europe would actually come through with a Read more…
SPY
Frank E. Holmes: Right now, there are planes full of travelers heading to Las Vegas with dreams of striking it rich. These starry-eyed gamblers would greatly improve their odds by learning how to count cards. Read more…
NYSE:EEM, NYSE:FXI, RSX, VGK
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