So how is the sex industry doing in this economic down turn? Take a look at this reprint article I found recently from Spain: Brothels and clubs are offering discounts and more as Spain feels severity of the economy slump. With the recession in full swing, the clubs are now trying to sell the same [...]
The zig zag indicator is a bit more serious than its name would imply. The zig zag is a very basic indicator which attempts to reduce the amount of “noise” in a trending instrument. The aim of the zig zag indicator is to assist traders with staying in a winning position and avoid the urge to [...]
How do the rich get rich? The court-appointed examiner investigating Tribune Co’s bankruptcy said he has found some evidence of dishonesty in the 2007 leveraged buyout of the company, court documents showed (as reported by Reuters). The report, which investigates whether real estate developer Sam Zell’s 2007 leveraged buyout of Tribune left the media company [...]
Here are some levels I’m watching for the coming week.
Just seven European banks failed a health check and were ordered to raise their capital by 3.5 billion euros ($4.5 billion), much less than expected, confirming fears the continent’s long-awaited stress test was too soft. Results of the test of how 91 banks in 20 countries would cope with another recession was released on Friday in [...]
Globalisation is good? A tale of two countries that were equally poor 50 years ago – Taiwan and Kenya. Today Taiwan is 20 times richer than Kenya. We meet the farmers and entrepreneurs that could develop Taiwan because it supposedly introduced a market economy and integrated into global trade. And then we meet the Kenyan [...]
Equities fell sharply Wednesday after Federal Reserve Chairman Ben Bernanke confirmed investors’ fears that the economy has weakened. Interest rates dropped in the Treasury market as investors sought safer places for their money. Bernanke told a congressional committee that the economy is “unusually uncertain.” He said the economy is fragile, but he did not forecast [...]
So how do we play the earnings picture this quarter? Goldman Sachs Group Inc (GS.N) rose 2.2 percent as buyers materialized after an early selloff on news the investment bank’s quarterly earnings tumbled 82 percent, steeper than forecast. Bad news was already priced in. Stock could extend gains for a third straight day as futures [...]
BP claims the new leak is natural seepage? A BP spokesman said the seepage was detected by its engineers but it was unclear whether the source was the blown-out well, adding that seepage was a natural phenomenon in the Gulf. The “BP spokesman says seepage nearly 2 miles from its ruptured Macondo well in the Gulf [...]
Bluepoint daily market view – July 30, 2010
The state of U.S. household net worth is dismal, as this chart (thumbnail) shows, with the country falling back to levels last seen in the late 1980s and early 1990s. This collapse happened once prior, after the deflation of the dotcom bubble. But now, as a result of the housing bubble collapsing, household net worth [...]