In Latin America, "it pays to buy the correction," JPMorgan Chase says, foreseeing a 12-month return of up to 27% in regional stocks led by raw materials and homebuilders. Stocks including Petrobras (PBR), Gafisa (GFA) and PDG Realty (PDGRY.PK) have been "clobbered," falling up to 21%. [View news story]
WaysToPlay: `Buy the Correction' in Latin American Stock Markets, JPMorgan Chase Says bit.ly/ad1Hph $EWZ $BRF $GML $ILF $LBJ #ETF
Legal experts are tossing around the possibility that Wall Street banks may seek a global settlement akin to the 2002 agreement related to stock research, NYT says. In the 2002 settlement, 10 banks paid $1.4B and pledged to change their practices to avoid conflicts of interest. This time, the price likely would be higher. [View news story]
I see that scenario as highly likely, its an everybody wins political game. Politicans/Agencies get to look like they've done something and Banks get to close the door and move forward
Private equity is beginning to emerge as a real Street sector, and Brett Arends has five good reasons you shouldn't put your money with the firms. And half the U.S. nonfinancials that defaulted last year were backed by P-E, leading Ryan Chittum to wonder whether P-E is choking the economy by loading companies up with debt. [View news story]
Ryan Chittum you are just wondering this now? yikes...a little behind the curve?
China is building currency reserves in the most distortionary exchange-rate policy ever followed, and Treasury is legally required to name currency manipulators, Paul Krugman says - so it's time for the U.S. to call out China for its damaging renminbi policy: They're the ones over a barrel, not America. [View news story]
People’s Bank of China Currency Reserves Biggest Bubble of All Time? bit.ly/bLIpMR
definately see some potential in this trade, Yen looks vulnerable, particulary over the long term: might be interested in this article: We Already Found the “New Greece”, It’s Japan etfdesk.wordpress.com/.../
U.S. Economy: Q4 GDP Numbers Unearthed [View article]
I really can't see any scenario in which the US Economy can grow at rate anywhere near 5.7% for the rest of the year. In addition, with all likelihood that 5.7% will be revised downward.
People's Bank of China Currency Reserves: Biggest Bubble of All Time? [View article]
Chinese exporters receive payments in Dollars (keep in mind there is a HUGE surplus so there are lots of dollar payments) They then "sell" their dollars for Yuan, pushing the Yuan price up. The Central Bank must sell Yuan (buy foreign reserves) to keep the currency peg in place.
Japanese Finance Minister Kan tells his G-7 counterparts that China's economy is showing signs of a bubble. No word on whether the yuan was discussed, but it may not matter much; as the G-20 overtakes its smaller brother, G-7 influence on China is eroding. [View news story]
might be interested in this : People's Bank of China Currency Reserves Biggest Bubble of All Time? bit.ly/bLIpMR
With BRICs, and PIIGS, and other acronyms trying to index countries with growth potential, Zero Hedge goes the bearish direction and gathers countries waiting for the (inevitable?) sovereign debt implosion: the STUPIDs (Spain, Turkey, U.K., Portugal, Italy, Dubai). [View news story]
I don't think PIIGS is an acronym for countries with growth potential, actually its the exact opposite. PIIGS and STUPIDS are pretty much in the same boat
In Latin America, "it pays to buy the correction," JPMorgan Chase says, foreseeing a 12-month return of up to 27% in regional stocks led by raw materials and homebuilders. Stocks including Petrobras (PBR), Gafisa (GFA) and PDG Realty (PDGRY.PK) have been "clobbered," falling up to 21%. [View news story]
Legal experts are tossing around the possibility that Wall Street banks may seek a global settlement akin to the 2002 agreement related to stock research, NYT says. In the 2002 settlement, 10 banks paid $1.4B and pledged to change their practices to avoid conflicts of interest. This time, the price likely would be higher. [View news story]
The Weakest Post-Recession Recovery on Record (in graphs) [View instapost]
Private equity is beginning to emerge as a real Street sector, and Brett Arends has five good reasons you shouldn't put your money with the firms. And half the U.S. nonfinancials that defaulted last year were backed by P-E, leading Ryan Chittum to wonder whether P-E is choking the economy by loading companies up with debt. [View news story]
China is building currency reserves in the most distortionary exchange-rate policy ever followed, and Treasury is legally required to name currency manipulators, Paul Krugman says - so it's time for the U.S. to call out China for its damaging renminbi policy: They're the ones over a barrel, not America. [View news story]
The Big Energy Trade: The WidowMaker [View article]
High Conviction: Short the Yen [View article]
also track this call over time with our WaysToplay feature: www.etfdesk.com/headli...
Focus on Chile and Copper ETFs Following Earthquake [View article]
PS. check out ETFDesk's screener to search for leveraged ETFs...
Bloomberg: Deflation Risks Persist [View article]
Bloomberg: Deflation Risks Persist [View article]
U.S. Economy: Q4 GDP Numbers Unearthed [View article]
People's Bank of China Currency Reserves: Biggest Bubble of All Time? [View article]
Japanese Finance Minister Kan tells his G-7 counterparts that China's economy is showing signs of a bubble. No word on whether the yuan was discussed, but it may not matter much; as the G-20 overtakes its smaller brother, G-7 influence on China is eroding. [View news story]
The Baltic Dry Index continues to drop, though given recent months' shipping volatility, it could turn up any day now. [View news story]
With BRICs, and PIIGS, and other acronyms trying to index countries with growth potential, Zero Hedge goes the bearish direction and gathers countries waiting for the (inevitable?) sovereign debt implosion: the STUPIDs (Spain, Turkey, U.K., Portugal, Italy, Dubai). [View news story]