Roundup of world financial, banking and stock market news.

Wednesday, 6 January 2010

Wall Street's Memo to Meredith Whitney: You're So 2009


Need more evidence the bulls are in command on Wall Street? Look no further than Meredith Whitney. Tuesday, the lionized banking analyst lowered her forecast on Goldman Sachs. Guess what? The stock ended the day higher.

Come On Ben Bernanke, Come Clean!


Say it ain't so Ben. Federal Reserve Chairman Bernanke recently blamed lax regulation for the financial crisis -- not the Fed's easy money policies, which encouraged profligate spending from Wall Street traders to American consumers. ...

Wall Street Wins Again? Democrats Dodd, Dorgan to Retire


The planned retirements of Democratic Senators, Byron Dorgan of North Dakota and Christopher Dodd of Connecticut is a potential blow to President Obama's agenda. ...

"A Huge Move": Gold Could Double in Next 5-10 Years, Miller Tabak's Roth Says


For most of 2009, shorting the dollar and going long gold was a one-way bet to increased wealth. But gold stumbled more than 10% in December as the Dollar Index mounted a rally, leading some to determine a reversal of trend had arrived.But there's been no

Google's Nexus One Is Bold New Face in Super-Smartphones


From All Things Digital, January 5, 2010:Google
this week is taking two dramatic steps to try to catapult devices using
its Android mobile operating system into stronger competition with
Apple's (AAPL) iPhone and Research in Motionls (RIMM)

Expect Interest Rate Hike in June, Economist Chris Rupkey Says


With interest rates at historic lows and the economy recovering, a question is -- when will Ben Bernanke and team finally raise interest rates?"June is the final time" for rock-bottom rates and a likely rate hike, says our guest Chris Rupkey, ch

Trend Still Up But 2010 Is Not Going to Be Great, Philip Roth Says


The stock market's trend is still higher and investors should give the rally the benefit of the doubt but "I don't think 2010 is gonna be a great year," says Philip Roth, Miller Tabak's chief technical market analyst.Roth is far from a megabear,

Google's Nexus One on Verizon in Spring 2010


From The Business Insider, January 5, 2009:Google's "superphone," the Nexus One, will be available on Verizon Wireless this spring.
You can go to its store right now and order one.
Unlocked, the phone is $529. With a 2 year T-Mobile plan, the

Oil Could "Easily" Hit $90: Energy Key to 2010 Stock Market, Philip Roth Says


Oil truly is "black gold" these days. Oil futures have climbed for nine straight sessions, rallying about 12% in that time.

Phil Roth, chief technical market analyst with Miller Tabak, sees plenty of reasons not to bet against the trend. E

Google's Nexus One Is Bold New Face in Super-Smartphones


From All Things Digital, January 5, 2010:Google
this week is taking two dramatic steps to try to catapult devices using
its Android mobile operating system into stronger competition with
Apple���s (AAPL) iPhone and Research in Motion���s (RIMM)

5 Tips For Beginner Investors


Here are 5 tips to get started, including how to invest sensibly right now!

UPDATE 2-Oil under $82, snaps 9-day rise on US stock build


FTSE retreats as energy weak; M&S drops


Retail outlook depresses FTSE [at Financial Times]


Equities in London fell on Wednesday as bank stocks began to retreat after a strong start, while focus also remained on retailers, as Marks and Spencer added to the list of companies reporting favourable Christmas trading.

U.S. stock futures signal losses ahead of ADP data


Tuesday, 5 January 2010

GLOBAL MARKETS-World stocks up; dollar down on US housing data


World stocks up; dollar down


Stocks extend new year rally [at Financial Times]


21:45 GMT. Another mild bout of dollar weakness lent further support to commodities and the global equity rally on Tuesday.

US stocks rise in choppy trade [at Financial Times]


A rally among airlines and a surprise jump in factory orders pushed US stocks higher in choppy trading on Tuesday.

US STOCKS-S&P, Nasdaq rise on factory orders, Ford; Dow dips


Expect Interest Rate Hike in June, Economist Chris Rupkey Says


With interest rates at historic lows and the economy recovering, a question is -- when will Ben Bernanke and team finally raise interest rates?"June is the final time" for rock-bottom rates and a likely rate hike, says our guest Chris Rupkey, ch

Trend Still Up But 2010 Is Not Going to Be Great, Philip Roth Says


The stock market's trend is still higher and investors should give the rally the benefit of the doubt but "I don't think 2010 is gonna be a great year," says Philip Roth, Miller Tabak's chief technical market analyst.Roth is far from a megabear,

Google's Nexus One on Verizon in Spring 2010


From The Business Insider, January 5, 2009:Google's "superphone," the Nexus One, will be available on Verizon Wireless this spring.
You can go to its store right now and order one.
Unlocked, the phone is $529. With a 2 year T-Mobile plan, the

Oil Could "Easily" Hit $90: Energy Key to 2010 Stock Market, Philip Roth Says


Oil truly is "black gold" these days. Oil futures have climbed for nine straight sessions, rallying about 12% in that time.

Phil Roth, chief technical market analyst with Miller Tabak, sees plenty of reasons not to bet against the trend. E

Google's Nexus One Is Bold New Face in Super-Smartphones


From All Things Digital, January 5, 2010:Google
this week is taking two dramatic steps to try to catapult devices using
its Android mobile operating system into stronger competition with
Apple���s (AAPL) iPhone and Research in Motion���s (RIMM)