USDJPY FINALLY BREAKS ¥100!
The currency pair hasn’t traded north of ¥100 since April 14, 2009.
The chart below shows the big downward move the yen has made against the dollar today. And it’s still going lower.
The dollar is up 1.6% today against the yen, currently trading just off its highs at ¥100.55.
Read more: http://www.businessinsider.com/japanese-yen-approaches-key-100-level-2013-5#ixzz2SpKTxpLS
“QE-Off Rumor?” Bonds Down, Stocks Down, Gold Down
Over/under on a 3pm Hilsenrath article hinting tapering is coming sooner than [...]
by Jimmy Mengel, Wealth Wire:
The equity time bomb has starting ticking, and investors may have just a small window to ride it before things blow up.
With a name like Dr. Doom, we’ve come to rely on Nouriel Roubini to lay the gloom on pretty thick.
But this week he tossed in a little sweet with his sour…
He’s actually advising people to buy stocks.
Roubini is the same economist who warned of the S&P dropping to [...]
Orbital Sciences Corporation were hoping to launch the Antares rocket on its maiden flight Wednesday. However, a premature disconnection of an umbilical between the second stage and the tower caused an abort of the countdown just prior to T-10 minutes.
Liftoff from Launch Pad 0A of the Mid-Atlantic Regional Spaceport on Wallops Island was scheduled for the beginning of what became a 10 minute launch window at 21:00 UTC (17:00 EDT).
Stocks opened higher Tuesday, with the Dow Jones Industrial Average topping its all-time high, boosted by upbeat economic data from Europe and as China pledged to meet its growth targets.
Dow Jones Opens At All-Time Highs
On October 11th 2007, the ‘old’ Dow Jones Industrial Average reached its previous all-time high of 14,198.10 (with the all-time closing high of 14,164.5 on October 9th) as plans for the MLEC were rumored to save [...]
WASHINGTON (MarketWatch) — Senators on Tuesday sounded increasingly pessimistic about avoiding the automatic budget cuts set to kick in on Friday, predicting they’ll go forward absent an elusive deal on taxes.
“Until there’s some agreement on revenue I think we should go ahead with the sequester,” Senate Majority Leader Harry Reid, a Nevada Democrat, told reporters on Capitol Hill. Sen. Roy Blunt, a Missouri Republican, told reporters: “The spending cuts [...]
by Dan Denning, Daily Reckoning.com.au:
Well here we go. Let the countdown begin. China’s fourth quarter GDP numberscome out on Friday. We reckon most of the run up in the All Ords to 4751 has been in anticipation of good news. If form holds, stocks will trade down once the news is in.
As for the news itself, well, is it really news? That is, does a GDP figure really tell you anything useful? As we [...]
NBC’s David Gregory has an exclusive interview with President Barack Obama, which will air today at 10:30 AM ET.
Gregory has been tweeting quotes. Here’s what he’s given us so far:
Read more: http://www.businessinsider.com/david-gregorys-interview-with-obama-2012-12#ixzz2GY2BZ4pN
“I was modestly optimistic yesterday, but we don’t see an agreement,” Obama told MTP host David Gregory in the interview, which was taped at the White House Saturday. ”We have been talking to the Republicans ever since the election was over. They have had trouble [...]
Are Central Banks Really Planning To Raise Interest Rates?
Here’s the skinny on this…
Any signigicant rise in effective interest rates by central banks will cause an instant market crash that will make 2008 look like a cake walk.
You see the Fed and other Central Banks have put themselves in a catch 22, we’ve been in a chronically low interest rate environment with almost non-existant economic growth for so long it is [...]
According to the Mayans, the world is going to end on 21 December 2012. thanks guys, we don’t even get to open our Christmas presents.
And the countdown to the big one just got a bit more frenzied amid concerns that Gangnam Style singer Psy is also gleefully heralding our collective mass extinction.
A blogger on The Project Avalon Forum points out the following Nostradamus prediction, made in 1503:
“From the calm morning, [...]
December 10, 2012
Alex breaks down the imminent military intervention in Syria with chemical weapons as the pretext.
Great work. Countdown to EUSSR in 3,2,1…
What the Nobel Peace Prize means to Europe.
“The Eurozone is now in a very dark place; economically, socially, politically, and I fear that the countries trapped inside it will be there for many years to come.”
Nigel Farage is leader of the UK Independent Party http://www.ukipmeps.org
The Nobel Peace Scam Trio: Council President Herman Van Rompuy, Commission President Jose Manuel Barroso and European Parliament President Martin Schulz (but many [...]
here is no Fiscal Cliff deal yet, because there’s too much time until the countdown.
Unlike with the debt ceiling, where it really did look like there was an intractable disagreement between the two sides, in this case, the endgame for both is fairly easy to imagine. Taxes stay low for most people. Some spending cuts are made now, and others are made in the form of entitlement tweaks that kick in way [...]
Watch the latest video at video.foxnews.com
Mankind has long been fascinated with doomsday and hundreds of thousands of predictions have been made about the end of our world. While most of these are associated with the second coming of Christ, the focus is now on the Maya civilization of Southern Mexico and the end of their calendar on December 21, 2012 — the coming Winter Solstice. Over 3,000 books and countless [...]
Stock Market Crash Next Week?
TRADER ALERT: S&P Is Now Right On Its 200-Day Moving Average
The Stock Market Is Tumbling Again, And It’s Right On The Infamous 200-Day Moving Average
Alert! The stock market is falling.
And the S&P is now right on its 200-day moving average (the red line in this chart) which some people see as an important “support” level.
If we break through it, some people might freak out.
From Stockcharts.com >
Cycle work suggests [...]
WASHINGTON (MarketWatch) — Automatic spending cuts set to begin in January would have a “devastating” effect on both defense and domestic programs, the White House’s Office of Management and Budget said in a report on Friday. Under a law signed by President Barack Obama in August 2011, spending would be reduced by $109 billion a year through fiscal 2021 if the White House and Congress can’t work out a deficit [...]
The kneejerk short covering reaction to Draghi’s remark that he will do “anything to preserve the euro” (this must be news because yesterday the ECB would not do anything to preserve the euro supposedly) is over. Now the analysis begins of what was actually said. The realization is… nothing. From Bloomberg:
‘Nothing Structural’ in Post-Draghi Bond Spread Moves: Credit Agricole
While selloff in bunds may extend further, it appears to be just “correction” of what is risk- [...]
Traffic crawled into London today as the first of the Olympic Games lanes came into force on the M4.
Experts had already warned it would create ‘the perfect storm’ should there be an accident or breakdown. Later in the day the West Coast Main Line linking London and the North West was completely blocked in Hertfordshire for more than half an hour following a suicide at Hemel Hempstead
At one point the [...]
The extent to which the latest Spanish bank bailout is coming without strings — a key claim made by the Spanish government — is in question.
ZeroHedge points to this article in El Pais, which includes this line.
In return for subsidized rates, Spain cede sovereignty over its financial system, but also lose tax sovereignty, contrary to what the Government said yesterday.
Meanwhile. Analyst skepticism is growing.
CNBC’s Kelly Evans writes:
What all the fancy-sounding acronyms in [...]
She tells Greek coalition parties that all bailout loans will be completely removed if they don’t impose extreme austerity on the Greek people:
Ministers in Berlin warned that they would withhold international aid to Greece in a move which could trigger a fresh, damaging countdown to default in Athens.
Amid escalating anger in Berlin over the anti-euro backlash following elections in Athens, Greece will on Thursday receive a €4.2bn (£3.4bn) cash injection [...]
The results of the elections in France and Greece have made it abundantly clear that there is a tremendous backlash against the austerity approach that Germany has been pushing. All over Europe, prominent politicians and incumbent political parties are being voted out. In fact, Nicolas Sarkozy has become the 11th leader of a European nation to be defeated in an election since 2008. We have seen governments fall in [...]
Countdown expires at midday today
Site name is anagram of ‘The Next Galaxy’
Hi-tech handset expected to be biggest rival to Apple’s iPhone 5
One of the mostly hotly anticipated mobile phones this year could finally be unveiled to the public today.
A Samsung website entitled ‘tgeltaayehxt’ – an anagram of ‘the Next Galaxy’ offered a countdown – although the site is overwhelmed with such demand it’s difficult to access.
But solving the word puzzle [...]
With oil near $100, gold and silver on the move and many people worried about what is going to happen with Iran and the Straits of Hormuz, today King World News interviewed resident expert Jim Rickards. Rickards negotiated the release of US hostages from Iran in 1981. His advisory clients include government directorates around the world and he is heavily involved in US national security issues and the Department of [...]
The Standard & Poor’s 500 Index (SPX) may advance to between 1,330 and 1,345 this month before the rally reverses, according to Tom DeMark, the creator of indicators to show turning points in securities.
That would represent a rise of at least 5.9 percent for the benchmark gauge for American equities after the worst Thanksgiving-week drop since 1932 depleted sellers, said DeMark, whose prediction in September that the S&P 500′s [...]
Fangs of Fascism come out again.
“Countdown” guest host David Shuster and Adam Gabbatt, reporter and blogger with The Guardian, discuss the latest casualty from the clash on Nov. 2 between Occupy protesters and the Oakland police: U.S. veteran Kayvan Sabehgi, who, after walking away from the protest, suffered a lacerated spleen from a police beating. The veteran was held by police for 18 hours and is in intensive care and [...]
Keith Olbermann, host of “Countdown” on Current TV: “Figuratively, where does it (Occupy Wall Street) go from here, do you think? Based upon your experience and what you’ve seen in your three trips down there.”
Michael Moore: “I think that, not only is this going to continue, these cities that you mentioned. This is what is so wonderful about this. There really isn’t anything driving this [...]
This app is a countdown to either Barack Obama’s second inauguration or his final days as President of the United States. In addition, the application will download and update the following important voter metrics:
Gasoline Cost Per Gallon
Housing Price Index
*Note: To refresh your data, simply press Obama’s Trojan Tree Pin*
The app also allows you to connect with the Obama Clock Facebook Page, so you [...]
The S&P 500 triggered a scary technical signal — a head and shoulders pattern in the chart — leaving investors to wonder if it’s the sign of more selling to come — or just a head fake.
The so-called head and shoulders pattern is formed when the chart pattern shows three rallies, with the middle rally peaking higher than the first and second, thus creating a [...]
The countdown to armadebtdon carries on and we are just 3 days away from the debt ceiling deadline. If a discussion is not reached will the US lose its AAA rating? The problem is we are not taking in enough revenue to continue spending like we are. Max Keiser of Keiser Report gives us his insight on what that means to the US.
The countdown to armadebtdon continues and we are just four days away from the debt ceiling deadline. Many agree that the real issue isn’t raising the debt ceiling, but the actual problem is the debt itself. Peter Schiff, president of Euro Pacific Capital, tells us what he’d do if he was in charge.