Archive - Mar 2, 2010 - Blog entry
S&P 500 Futures Update
Submitted by Fibozachi on 03/02/2010 23:55 -0500ESH10 55-minute, 144-minute, 28657-Tick, Daily & continuous contract Weekly
OTPP Feels Heat Over Chile Water Deal
Submitted by Leo Kolivakis on 03/02/2010 22:57 -0500A leading champion for Canada's water supplies is chiding the investment managers and Ontario teachers for investing $1.1 billion in Chile's water systems...
Ideal Trade Setup - El Paso (EP) Daily Exhaustion - Candlesticks & Volatility
Submitted by Fibozachi on 03/02/2010 22:00 -0500Today's perfect doji on the daily chart of El Paso (EP) illustrates a specific type of trade setup that we at Fibozachi scan for. The tenor of 'this' price action is symptomatic of short-term exhaustion, typically resulting in an immediate correction over the next few sessions (1-3). On this expected setup the pre-defined (anticipated) risk/reward ratio is over 4:1 ... which means that one need be 'correct' c. 25% of the time to break-even (save commissions + slippage). Trading is nothing if not a probabilistic endeavor and we like those odds.
Raise Taxes and Cut Services? Why Not Stop Unneccesary Bailouts, Unnecesary Wars and Unnecessary Interest Costs Instead?
Submitted by George Washington on 03/02/2010 19:19 -0500If we did these things, we wouldn't have to raise taxes OR cut core services to the American people ...
The Newest Scam from Wall Street: Investing in Private Equity Funds that Acquire Failed Banks
Submitted by rc whalen on 03/02/2010 09:09 -0500There is a great buzz in the marketplace about new private equity funds being raised to invest in failed banks. The story goes something like this: We are organizing a fund led by the former heads of federal regulatory agencies with big time connections in Washington. These DC players are going to get a front-row seat to play in the sales process for failed banks being run by the FDIC. These funds claim that FDIC Chairman Sheila Bair is giving assets away for nothing and we are all going to make a lot of money in that old fashioned Washington way, namely slopping at the public trough. Unfortunately none of the above is true and many of these "offerings" are misleading or fraudulent.
15 Years Ago, the Combined Assets of the 6 Biggest Banks Totaled 17% of GDP... By 2006, 55% ... Now, 63%
Submitted by George Washington on 03/02/2010 01:34 -0500The big boys have gotten a LOT bigger
Coal Lobbyists Are Taking a Hatchet to the Natural Gas Industry
Submitted by madhedgefundtrader on 03/02/2010 01:01 -0500The press has recently been flooded with exaggerated reports of widespread well poisonings and forest destruction. A blank check to render toothless any Cap & Trade legislation, block subsidies for natural gas, dilute environmental legislation, and promote the myth that the whole global warming thing is nothing more than a leftist hoax. The ghost of the Swift Boat Veterans for Truth returns to haunt. Thanks Dick Cheney! Tell it to the 23,000 Americans coal emissions will kill this year. (BTU), (RTP), (ACI).
