Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Two Ways: Bernanke's "Mission Accomplished?"

By

Strengthen your portfolio in good times and bad.

PrintPRINT
Top story yesterday, Ben Bernanke said the worst recession since the 1930's has "very likely" come to an end. But according to Bloomberg the Fed Chairman, while speaking at the Brookings Institution in Washington, also warned that growth will likely be weak for some time as the nation deals with a high unemployment rate.

The comments echo similar statements made by San Francisco Fed President Janet Yellen earlier this week who said that the summer likely marked the end of the recession that started in December 2007. She expects the economy to expand in the second half of 2009.

See Toddo's thoughts in Randoms: Question Conventional Wisdom!

From the Bull Pen: Whether or not the US recession is over, it doesn't really matter. What matters is that the US is still the last of the major economies in the financial funk. Bulls will look to "Stuff" stocks and those particularly with international exposure. The daily chart of Caterpillar (CAT) shows the stock breaking out to an 11 month high making it a very bullish picture. But remember to always have an exit plan such as a 2% sell stop.

From the Bear Cave: For dollar bears, consider the Ultra Euro ETF (ULE) which seeks daily investment results that correspond to twice (200%) the US dollar price of the Euro. Those playing it can set a near term sell stop below $31.

Quick Check Around the World

Asian trading closed with the Nikkei 0.52%, India 1.35%, Hang Seng 2.57%, Shanghai -1.12%, and Taiwan 1.28%.

Across the pond, we see the FTSE 1.42%, CAC 1.25%, DAX 0.83%

As of 7:45 a.m. EST, S&P Futures are trading +4.50 to 1050.50 and Nasdaq futures are +4.500 to 1699.50.

A Look at Commodities

Over in commodities, crude oil is -0.17 to 70.77 while gold is +12.7 to 1019.00 this morning. Silver is +0.34 to 17.34 and copper +1.750 to 284.60.

The dollar index is -0.2450 to 76.5400.

On the Radar

Economics

08:30 Core CPI (0.1% cons)
08:30 CPI (0.4% cons)
09:00 Net Long-term TIC Flows
09:15 Capacity Utilization (69.1% cons.)
09:15 Industrial Production (0.7% cons)
10:30 Crude Inventories

Click here for the full trading radar.

Good luck today!
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

PrintPRINT

Busy? Subscribe to our free newsletter!

Submit
 

WHAT'S POPULAR IN THE VILLE