Baidu.com, Inc (Nasdaq:BIDU) is an exciting search company in a high growth market, and has been a strong stock all year. We list it often on our go-to list. Baidu has provided several technical buy set-ups in the past 6 months,...
Read MoreThe financial media is, as I have lamented here previously, largely an endless loop of recycled cliches. Most of them are categorically incorrect, such as a recent favorite, the idea that political gridlock is somehow good for...
Read MoreYesterday the market tried to push through the highs and then reversed. The indices did a small Red Dog Reversal (Outside Day). Most high beta tech stocks opened above recent highs and became sell signals once those areas were...
Read MoreCriticism of QE2 Comes From Some Unlikely Places (The Big Picture)Greg Ip Answers QE Questions (Felix Salmon)Mythbusting QE2 (Wall St Cheat Sheet) You know that when Sarah Palin tries to weigh in intelligently on QE2, things...
Read MoreIt struck me last night as I was watching Ron Paul on CNBC criticize the Federal Reserve’s actions that the crowd heretofore referred to as the inflationists are the greatest promoters of the Fed’s real agenda....
Read MoreIt’s been a week since we stated on CNBC that the market has an 80% chance of hitting 1220-1250 and market is now holding 1220. The next level we could see from a technical perspective is 1227-1229, then big resistance is...
Read MorePotash Corporation of Saskatchewan (NYSE:POT) hit headlines in mid-August when BHP Billiton (NYSE:BHP) bid $39 billion for the company (~$130 per share). PotashCorp immediately rejected the bid calling it “wholly...
Read MoreAfter last week’s action-packed slate of news and numbers, this week things are set to quiet down a little bit. The market passed each test to kick off November, jumping 3.6% last week. The Republican resurgence in...
Read MoreGoldman Sachs released a great chart in October showing S&P 500 earnings per share against the index’s prices. The chart tells a very interesting story about the last decade and gives some indication about what...
Read MoreThe market passed its latest, greatest test with flying colors yesterday, with the Fed hitting just the right notes to choreograph an overwhelmingly positive response to its Wednesday QE 2 announcement. Sometimes the market...
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