What’s Gotten Inside Intel?
Has the largest chip maker on the planet decided to get into the market prognostication business? Are they in cahoots with Merrill? What ever the case may be, Intels
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Here’s How The Locals Trade
Simple?
A Genius At The 50
The firm with the largest number of brokers, Merrill Lynch, upgraded the semiconductor sector, sparking a broad surge in chip stocks and a rally in technology shares. A team of Merrill analysts said they do not expect semiconductor annual growth rates to continue to decline after
Bonds Resist
T-bond futures
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PowerRating) gapped lower as traders are reticent to buy new highs in this market following todays National Association of Purchasing Management report. Although the NAPM eased lower, it st
So-So Economy = Go-Go For Bonds
More news from the government that the economy remains weak is boosting bonds as traders place bets that interest rates will have to fall further — and bond prices rise — if the Federal Reserve is to keep the US from slipping into recession. The National Association of Purchas
How Will The Economy Effect Futures?
Rates will have to fall
The Market’s Pep Pill
A report out on consumer spending is giving the market a euphoric shot in the arm and blue chips are rallying on solid gains from drug companies. The Dow is up 163 at 10564, the Nasdaq is up 33.61 at 2051.41, and the S&P 500 is up 16.02 at 1220.54. The Commerce Department said pe
If You Were The Leader, You’d…
What would you do?
When No News Is Good News
A paucity of earnings and economic news are leaving themajor averages in a holding pattern. Stocks sold off last week after an onslaught ofnegative corporate earnings news turned traders pessimistic in the heaviest weekof this quarters earnings season. A quieter news day is working to keep sto
Spigot’s On High
Natural gas
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PowerRating) is up 5% in a lap-up rush that is a good follow-through momentum indicator from the contracts July 25 expansion bar off the lows. Since the market has broken the key 3.35
GDP: What’ll The Fed Do Next?
Todays gross domestic product figure (GDP) and lower reading on inflation give the Fed more leeway to cut interest rates. GDP logged growth of .8%, its lowest level since 1993 and the GDP price deflator fell on an annualized basis to 2.3% from 3.3%. T-bonds
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Joining The Billion Dollar Boys Club
Its historical. The biggest ever. But major media isgiving this event short shrift. JDS Uniphase
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PowerRating) said it is writing downthe value of companies it acquired on a two-year broadband buying spree, but isno