Stocks Breaking The All-time High Barrier

Market volumes fell 11pc to 149 million shares on Wednesday, from 167 million shares traded the earlier day. Trading value stood slightly higher at Rs6.443bn, from Rs6.365bn. Market capitalisation saw addition of Rs33bn to Rs5.288 trillion.In all, 331 stocks came up for trading on Wednesday with the gulf between the gainers and losers narrowing down to 155 and 149. Another 27 stocks ended unchanged.
Source: http://www.dawn.com/news/1051381/stocks-extend-overnight-rally

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Source: http://money.cnn.com/2013/10/24/investing/premarkets/index.html

The not-so-crazy case for commodities stocks

* Brazil’s benchmark Bovespa stock index snapped a three-day winning streak to drop 1.81 internet percent – the biggest one-day percentage fall this month. On Tuesday, stocks had closed right above a key resistance level. * A policy adviser to the People’s Bank of China told Reuters on Tuesday that the authority may tighten cash conditions in the financial system to address inflation risks, which could also sap economic growth in a key market for Latin American iron ore, soybeans, oil and copper. * Lender Banco Bradesco SA fell 2.03 percent after JPMorgan Securities analysts lowered their recommendation on the shares to “neutral” from “overweight,” saying a recent rally in the stock has made it less attractive. * Brazil must take more decisive action to raise productivity and boost private investment if it is to restore robust growth to its once-booming economy, the International Monetary Fund said on Wednesday in its annual economic assessment of Brazil. * Mexico’s IPC index fell 0.64 percent as shares of telecommunications firm America Movil, controlled by billionaire Carlos Slim, slipped 1.01 percent.
Source: http://www.reuters.com/article/2013/10/23/markets-latam-stocks-idUSL1N0ID22D20131023?feedType=RSS

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Source: http://www.ft.com/cms/s/0/c9448194-3c5b-11e3-9851-00144feab7de.html

Id like to stick my neck out and propose a crazy idea: Invest in commodities. Yes, there are a host of logical reasons to run screaming from commodity stocks the deep declines in these players over the last year, the soft outlook for materials prices and the general sense that a multi-decade run in commodities has fallen apart thanks to stagnant emerging markets. Need to Know: Crucial gut checks before the U.S. markets open /conga/story/misc/ntk_sixwide.html 242157 But commodity stocks have been slashing costs, finding efficiencies and plotting a way forward through the last few years of persistent challenges and eventually, they will reach a point where there are right-sized for the lean times and poised for big growth once things turn around. And it can pay off big if you buy ahead of that turn.
Source: http://www.marketwatch.com/story/the-not-so-crazy-case-for-commodities-stocks-2013-10-24

Chinese stocks fell as the benchmark money-market rate jumped the most since June. Norways krone advanced against all of its 16 major peers, while Israels shekel weakened for a second day versus the dollar. Treasuries gained while Italian bonds declined. Gold jumped 0.8 percent to $1,344.03 an ounce. A preliminary gauge of Chinese manufacturing strengthened to 50.9, compared with a projected 50.4 reading, according to data from HSBC Holdings Plc and Markit Economics and a Bloomberg survey. Euro-area services and factory output grew at a slower pace than forecast this month and more Americans than forecast filed jobless claims last week, separate reports showed.
Source: http://www.bloomberg.com/news/2013-10-23/japanese-futures-drop-amid-stronger-yen-as-crude-rebounds.html

“We are nowhere near a market top because this rally has real internal strength in it,” says Ken Winans of Winans Investments. “This bull run has room to run.” ASK MATT: Is S&P 500 good place to start investing? A closer look at the companies at or approaching highs show that: Well-known consumer brands are big winners. Disney, Chipotle Mexican Grill and Starbucks are among the stocks that have blown the furthest into record ground. All three set new all-time highs Tuesday.
Source: http://www.usatoday.com/story/money/markets/2013/10/22/stocks-breaking-all-time-high/3146291/

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Knight Capital Fined $12m For Trading Violations

By that time, Cuban had already sold his shares. But a nine-member jury deliberated for about four hours to reach the conclusion that the SEC failed to prove Cuban used non-public information to make the trade. “Mark Cuban is not going to be found guilty of insider trading in Dallas, Texas, because he’s a hero down there,” says Chicago securities attorney Andrew Stoltmann. “The SEC had an uphill climb from the very beginning.” Cuban’s Mavericks won the 2011 NBA world championship.
Source: http://www.usatoday.com/story/money/business/2013/10/16/mark-cuban-trial/2995827/

IPads now make up 20% of items traded in on Gazelle’s website, up from 11% a week ago. “Previous generations all look the same,” said Anthony Scarsella, Gazelle’s chief gadget officer. The new iPad could have more processing power, a better camera and even use Apple’s latest Touch ID fingerprint sensor . Related story: Macs down, PCs up Meanwhile, NextWorth saw its weekly iPad trade-ins more than triple this week.
Source: http://money.cnn.com/2013/10/20/technology/mobile/ipad-trade-in/index.html

RPT-U.S. data backlog a boon download for computer-driven trading

The platform is set to change the structure of transaction in the market as it allows order automation, multiple channels interaction and real time integration of stockbrokers web access to the market such that investors can see and may be trade directly through their brokers platform real time. However, The learning curve for brokers on the use of the newly installed X-Gen trading platform is expected to contribute to the current drag in the performance of the stock market in the last quarter of the year, BGL affirmed. In the report titled, Economic Note: The Nigerian Capital Market in the First Three Quarters of 2013, BGL team said the market is consequently expected to close with about 30 percent performance. Giving further analysis of activities in the market, it said the sub-national bond space may remain flat for the rest of the year and the first quarter of 2014, while the second phase of power companies sales would increase loan syndication in the market. The company noted in the report that the primary market window is probably getting rejuvenated with an estimated N125.2 billion raised by different listed companies through that window, adding that the success recorded by most of the companies would encourage more companies to come to the market for public offers in the near term. It said, For the first nine months of the year 2013, the Nigerian Capital Market enjoyed some impressive rally.
Source: http://www.vanguardngr.com/2013/10/new-trading-engine-prolong-stock-market-decline-report/

Join the Nation’s Conversation To find out more about Facebook commenting please read the Conversation Guidelines and FAQs Knight Capital fined $12M for trading violations Mike Snider, USA TODAY 12:29 p.m. EDT October 16, 2013 A software glitch that caused Knight Capital’s computers to disrupt the stock market in 2012 has led to a $12 million SEC fine. Knight Capital specialists work at their posts on the floor of the New York Stock Exchange Friday, Aug. 3, 2012.
Source: http://www.usatoday.com/story/money/business/2013/10/16/knight-capital-sec-12-million-fine/2993661/

Federal prosecutors in New York filed criminal charges in August against JPMorgan traders Javier Martin-Artajo and Julien Grout. Martin-Artajo supervised the banks trading strategy in London, and Grout, his subordinate, was in charge of recording the value of the investments each day. They were charged with conspiracy to falsify books and records, commit wire fraud and falsify filings to the SEC. Both traders, through their lawyers, have denied any wrongdoing.
Source: http://www.washingtonpost.com/business/jpmorgan-paying-100m-admitting-manipulation-of-prices-in-settlement-over-6b-trading-loss/2013/10/16/a23cc220-366e-11e3-89db-8002ba99b894_story.html

JPMorgan paying $100M, admitting manipulation of prices in settlement over $6B trading loss

“Our reaction during October was to dramatically reduce exposure to our momentum systems as price action was compressed and the market adopted a ‘wait and see’ attitude.” Also known as momentum trading, such computerised dealings at high speed can inject further choppiness into markets, which in turn helps high-frequency accounts generate profits. Over the years, they have formed a sizeable portion of daily trades in the foreign exchange and stock markets. Boston-based research firm Aite Group estimates high-frequency trading accounts for about 40 percent of spot trading in currencies, up from 3 percent a decade ago. In the U.S.
Source: http://www.reuters.com/article/2013/10/20/fiscal-usa-data-markets-idUSL6N0I82UO20131020

Obama Calls Impact Of Government Shutdown ‘heartbreaking’

shutdown and APEC General Electric talks long-term growth Obama’s comments have been dismissed by his Republican opponents as scare tactics, but the world economy can do without this sort of drama. As Putin said after the G20 summit in St. Petersburg, Russia, last month, the global economy is doing better than it was five years ago, “but the risks are still very high.” Obama was scheduled to speak today, the last day of the APEC forum before the leaders’ retreat on Tuesday, on a theme that now seems particularly pertinent — “America’s leadership and priorities: What they mean for the world.” Obama’s 2010 “pivot to Asia” policy was supposed to enmesh the U.S. ever more deeply into the region, as a counterweight to the rapidly growing influence of China. But he cancelled trips to Asia in 2010 because of domestic pressures, and in 2012 declined an invitation to attend the APEC forum in Vladivostok because of the timing of the Democratic convention. His cancellation statement on Thursday showed his frustration at another domestic issue getting in the way of his Asia-Pacific aspirations: “This completely avoidable shutdown is setting back our ability to create jobs through promotion of U.S.
Source: http://www.cnn.com/2013/10/06/world/asia/apec-obama-xi-putin/index.html

White House official says Obama would accept short-term agreement on debt ceiling

President Obama says Iran is still a year or more away from developing nuclear weapons an assessment that puts him at odds with Israel. While Israeli Prime Minister Benjamin Netanyahu said this past week that Iran is just six months away from building a nuke, the President told the Associated Press in an interview Friday that our assessment continues to be a year or more away. While the President has refused to rule out military intervention to prevent Iran from becoming a nuclear power, he said the U.S. should try a diplomatic solution. RELATED: IRANS PRESIDENT A WOLF NOT TO BE TRUSTED: NETANYAHU Obama recently had a brief phone conversation with Iranian President Hassan Rouhani the first direct contact between the leaders of the two countries in more than 30 years. I think Rouhani has staked his position on the idea that he can improve relations with the rest of the world, Obama said. And so far, he’s been saying a lot of the right things.
Source: http://www.nydailynews.com/news/world/obama-iran-year-nukes-article-1.1477685

The measure is likely to hit the Senate floor later this week. Graphic Wonkblogs Daily Default Dashboard: Is it time to panic yet? More from PostPolitics Chris Cillizza and Sean Sullivan A little more conversation is what the Speaker needs. Majority of House appears to support clean CR Aaron Blake 195 Democrats have signaled support for a clean CR. Add them to the 22 House Republicans who also support it, and you have a majority. Boehner (R-Ohio) on Monday to call an immediate vote on a clean short-term spending bill that would reopen the federal government.
Source: http://www.washingtonpost.com/politics/white-house-official-says-obama-would-accept-short-term-agreement-on-debt-ceiling/2013/10/07/ef7b1d94-2f56-11e3-8906-3daa2bcde110_story.html

Obama blames Boehner for ongoing government shutdown

Call a vote right now and lets see what happens. Boehner said Sunday that there arent enough votes to end the shutdown without Obama negotiating to delay or otherwise make changes to the new health care reform law, a statement that cut sharply against vote counts done by news organizations and the statements of numerous moderate Republicans who have publicly said they would join with Democrats to reopen the government at current spending levels if Boehner allows a bill to come to the floor. There are not the votes in the House to pass [a clean spending bill], Boehner said. One of the moderate Republicans who favors passing clean funding bill a so-called continuing resolution funding the government without changes to the health care law said moments after Obamas remarks that he agrees there are enough votes. I believe there are the votes to pass a clean [continuing resolution], Pennsylvania Republican Rep. Charlie Dent said on CNN. Im going to insist the Speaker try to bring out a clean, continuing resolution. Speaking on the House floor later, Boehner said its Obama who is making the shutdown drag on.
Source: http://swampland.time.com/2013/10/07/obama-says-boehner-bluffing-hold-a-vote/

Obama Says Boehner Is Bluffing: ‘Hold a Vote’

“The redirected obsession with the Affordable Care Act, with Obamacare, has to stop,” he added. “That is not something that should be a price for keeping the government open.” Obama contrasted his own low-profile behavior during his single term in the Senate with that of some current first-term senators, who include Republicans Ted Cruz of Texas, Marco Rubio of Florida and Rand Paul of Kentucky — all of whom have been outspoken in their opposition to Obamacare. “I didn’t go around courting the media, and I certainly didn’t go around trying to shut down the government,” he said. “And so I recognize that in today’s media age, being controversial, taking controversial positions, rallying the most extreme parts of your base — whether it’s left or right — is a lot of times the fastest way to get attention or raise money, but it’s not good for government. It’s not good for the people we’re supposed to be serving.” Thoughts on Iran The AP interview also touched on the question of Iran’s nuclear program and the overtures made last month by President Hassan Rouhani at the U.N. General Assembly meeting in New York.
Source: http://www.cnn.com/2013/10/05/politics/obama-interview/index.html

Most Read On Bloomberg: Shutdown, Goldman, Stocks, Schwarzman

The 6 Most Popular Dow Stocks

For those who have lost track, the derivatives trades resulted in losses of $6.2 billion plus an additional $920 million clicking here in fines — so far. 2. Steve Jobs Never Worried About Debt Ceiling: Caroline Baum Oct. 3 (Bloomberg) — Everyone knows, or has heard the cliche, that markets hate uncertainty.
Source: http://www.bloomberg.com/news/2013-10-06/most-read-on-bloomberg-shutdown-goldman-stocks-schwarzman.html

(XRAY) jumped 2.9 percent to $44.49. Bank of America raised its rating on shares in the dental supplies maker to buy. Disney climbed 2 percent to $65.30 and Boeing climbed 1.7 percent to $117.20 for the two biggest gains in the Dow. Facebook rose 3.8 percent to $51.04 after saying it will sell advertising space on Instagram in its first effort to make money from its biggest ever acquisition. The stock has surged 92 percent in 2013. Twitter IPO In the most anticipated technology offering since Facebook, Twitter Inc.
Source: http://www.bloomberg.com/news/2013-10-04/u-s-stock-futures-rise-as-investors-await-shutdown-talks.html

What’s ahead for emerging-market stocks?

Among possible scenarios for breaking the stalemate was talk of repealing a medical device tax tied to the Patient Protection and Affordable Care Act in exchange for not delaying its enactment. “Underneath all of this noise from Washington is a decent economy, but it does get rattled like we’re seeing this week, and I would rather have the battle be about this continuing spending than about the debt ceiling,” said Nick Ventura, executive vice president at Ventura Wealth Managment, which manages $225 million in assets. The S&P 500 rose 0.62% to 1,689.07. The index lost 0.48% for the week. The Dow Jones Industrial Average closed up 0.43% to 15,061.60. The blue-chip index slid 0.78% this week.
Source: http://www.thestreet.com/story/12059096/1/stocks-slip-as-budget-impasse-keeps-fed-employees-grounded.html

Stocks Climb on Signs Budget Impasse May Break

But some Dow stocks are more popular than others, especially among Wall Street’s trading elite. The question you have to answer is whether those popular stocks are the ones you ought to buy, or whether you ought to look past the in-crowd to get better performance elsewhere. To answer that question, let’s take a look at the six most heavily traded stocks in the Dow and see how those popular stocks have performed over the past five years. That look should give us some hints about whether popularity among traders translates into smart long-term investments. Telecom leads the list At the top of the volume-leader list are AT&T (NYSE: T) and Verizon. AT&T trades almost 70 million shares on a typical day, while Verizon is lower at 47 million.
Source: http://www.fool.com/investing/general/2013/10/05/the-6-most-popular-dow-stocks.aspx

Stocks Rise on Hope That DC Will End Its Bickering

But the pressure to end the shutdown and raise the debt ceiling is climbing quickly. “The thought is that the Republicans and Democrats will soon work this out before Oct. 17,” Davis said, referring to the date the Treasury Department said the government’s borrowing authority would be exhausted. On Friday, House Speaker John Boehner reemphasized that he won’t let the U.S. government default on its debts. There were also reports that Boehner was looking to bring House Republicans together to pass some sort of budget compromise that would include raising the debt ceiling.
Source: http://abcnews.go.com/Business/wireStory/stocks-move-higher-investors-remain-cautious-20472336

U.S. Stocks Rise as Optimism Grows Over Ending Impasse

POL ended with gain of 0.2pc and Hubco closed up 1pc. Ahsan Mehanti at Arif Habib Corporation said that the stocks closed lower amid thin trade at KSE on concerns over economic uncertainty. Trade remained mainly in second and third tier stocks. Uncertainty over outcome of Supreme Court warnings to government on raise in power tariff, limited foreign interest, and lower global commodities played a catalyst role in bearish sentiments despite speculations ahead of expected sale of SoEs. On technical charts, analyst Qasim Anwar at AKD Securities said that pullback could be expected to terminate as index approaches 22,320 a 22,525 resistance zone. The technical analyst maintained a bearish outlook below 22,857 level sighting possibilities for near-term weakness towards 21,451 a 21,416 and 20,924 levels.
Source: http://www.dawn.com/news/1047505/stocks-remain-range-bound-on-low-turnover

Stocks remain range bound on low turnover

Plus, it’s unlikely the Federal Reserve is going to cut back on stimulus anytime soon, especially if the shutdown lingers and the country defaults on its debt. The last thing the Fed wants to do is scale back, or taper, its $85 billion per month in bond purchases at a time that could send the market into a tailspin, Hooper said. While ads might be bothersome for users, investors were excited about how they might boost Facebook’s revenue and bottom line. ” $FB Instagram monetization means all analysts estimates and price targets are WAY low, add about $8-$10 + to EVERY current price target,” said StockTwits user TeslaMan . Facebook competitor Twitter made its IPO filing public late Thursday. Twitter revealed that it is still unprofitable.
Source: http://money.cnn.com/2013/10/04/investing/stocks-markets/index.html

Stocks bounce back after steep slide

Economic growth has slowed. Commodity prices have sagged. And currencies have weakened. Even with last month’s rally, the MSCI remains below its 2007 peak.
Source: http://www.latimes.com/business/la-fi-emerging-markets-invest-20131006,0,2639943.story?track=rss

Forex-political Turmoil Hits Euro, Dollar; Yen, Franc Benefit

Forex (or FX or off-exchange foreign currency futures and options) trading involves substantial risk of loss and is not suitable for every investor. The value of currencies may fluctuate and investors may lose all or more than their original investments. Risks also include, but are not limited to, the potential for changing political and/or economic conditions that may substantially affect the price and/or liquidity of a currency. The impact of seasonal and geopolitical events is already factored into market prices. The leveraged nature of FX trading means that any market movement will have an equally proportional effect on your deposited funds and such may work against you as well as for you. Past results are no indication of future performance.
Source: http://www.forextv.com/forex-news-video/forex-strategy-video-eurusd-usdjpy-audusd-wading-through-event-risk

FOREX-Dollar little changed as hopes for U.S. budget deal rise slightly

The euro was down 0.7 percent at 131.82 yen having earlier fallen to a three-week low of 131.385 yen. The single currency fell 0.2 percent versus the franc at 1.2225, off a low of 1.2215 francs, its weakest since early May. It was down 0.3 percent at $1.3488. The euro was weighed down by an increasingly volatile Italian political crisis after Silvio Berlusconi pulled his ministers out of the government on Saturday and called for new elections, just seven months after the last vote.
Source: http://www.reuters.com/article/2013/09/30/markets-forex-idUSL6N0HQ0X820130930

Separately, industry data revealed that the Chicago purchasing managers’ index hit 55.7 in September from 53.0 in August, beating analysts’ calls for a 54.0 reading The data rekindled market expectations for the Federal Reserve to begin tapering its USD85 billion monthly bond-buying program this year, possibly later this month. Fed asset purchases weaken the dollar by driving down interest rates to spur recovery, and talk of their dismantling continue can bolster the greenback. Elsewhere, the euro found support on reports that Italy’s Silvio Berlusconi was battling dissent within his own political party after he announced Saturday that he was pulling his ministers out of Prime Minister Enrico Letta’s coalition government and called for fresh elections. Prime Minister Letta is going before parliament for a vote of confidence on Wednesday and will need to secure a majority to remain on in government. Separately, data released on earlier showed that the euro zone’s consumer price index rose at the slowest pace since February 2010 in September, sliding to 1.1% from 1.3% in August, which capped the euro’s advance against the greenback. Analysts were expecting a 1.3% reading.
Source: http://www.moneycontrol.com/news/rupee/forex-dollar-softens-trims-losses-u-sgovernment-shutdown-woes_960782.html

Midwest picking up pace in September also helped underpin the dollar. The Institute for Supply Management-Chicago business barometer rose to 55.7 from 53.0 in August. Economists in a Reuters poll had expected a reading of 54.0. A reading above 50 indicates expansion in the regional economy.
Source: http://www.reuters.com/article/2013/09/30/markets-forex-idUSL1N0HQ1Y120130930

Obama’s Syrian Moves Deserve More Respect Than They’re Getting

Arguably, this could be a real achievement for the administration, even if it was not planned. If it can be achieved that the consequence of Obama’s way of thoughtfully navigating this thing has had the unanticipated consequence of leading peaceful to the destruction of Syria’s supply of chemical weapons, that would be a better outcome than we’ve had with most of our forays into geo-politically important areas with our military or threat thereof. The biggest effect of our long nightmare in Iraq, let’s not forget, has been the strengthening of Iran. But the involvement of the Russians is also used to portray Obama as failing in leadership. So we watch as many of the Republicans get up on their high horses and speak disrespectfully of how Obama’s managed this crisis. After their disasters, one might hope for a bit of humility.
Source: http://www.dailykos.com/story/2013/09/11/1238285/-Obama-s-Syrian-Moves-Deserve-More-Respect-than-They-re-Getting

Obama’s proposed plan for military action in Syria puts pressure on his Democratic ally

Hit the Batsignal, Commissioner! Another GOTP member slams the President! Work hard guys and maybe you can hold him to two terms. You don’t work on anything else, so this should be east. September 11, 2013 05:17 pm at 5:17 pm | Anonymous Well, tell you what Bob.
Source: http://politicalticker.blogs.cnn.com/2013/09/11/sen-corker-slams-obama-on-credibility/?sr=sharebar_facebook

Ted Cruz: Obama’s objective in Syria ‘fundamentally wrong’

In their place, he picked up a chunk of Seattle and a group of voters that generally have a more anti-war bent. Smiths district has become so much more liberal that he likely wont see another viable challenge from a Republican but he could see one from another Democrat. Constituents in Smiths district have been expressing wariness about the Syria plan. He said that caution isnt just about Iraq and Afghanistan but concern that the United States is too often taking up the task of enforcing international norms even without the support of entities like the United Nations, NATO and the Arab League. At a coffee shop in central Seattle, just a few blocks from where Obamas campaign had its state headquarters last year, residents who identify as Democrats and Obama supporters expressed qualms about any military action in Syria. Some were weary of war.
Source: http://www.washingtonpost.com/national/obamas-proposed-plan-for-military-action-in-syria-puts-pressure-on-his-democratic-ally/2013/09/12/64942a36-1b60-11e3-80ac-96205cacb45a_story.html

Obama, critics mark Benghazi anniversary

The first step is to issue rules for new plants, a proposal set to be released next week. The more contentious rules would govern emissions from existing plants, and those arent scheduled to be issued until next year. The rules will be the first of their kind. The Obama administration has been waging a war on coal and Kentucky jobs ever since the president was elected, Senate Minority Leader Mitch McConnell , a Kentucky Republican, said yesterday in an e-mail. If these reports are accurate, his latest proposal is not only an open war on coal jobs, but on all the residents, jobs, and businesses across the commonwealth that rely on this vital industry. Limited Impact The practical impact of the rule is likely to be limited. In 2012, the EPA forecast that no utilities would build traditional coal plants over the next eight years.
Source: http://www.bloomberg.com/news/2013-09-11/obama-said-to-ban-new-coal-plants-without-carbon-controls.html

Coal Industry Cries Foul Over Obama Emission Rules

Instead, Cruz gave several Obama student loan forgiveness program examples of ways the crisis in Syria should be resolved, including forcing a vote from the United Nations Security Council on the issue and making sure Iran is not supplying the Assad regime with chemical weapons. Cruz also said the Obama Administration should not be naive in believing that Russia and China will immediately work in collaboration with the U.S. We shouldntexpect that Russia and China will do anything other than act in their own national interest, Cruz said. Cruz compared Obamas leadership style to that of Ronald Reagans during the Cold War, citing the trust, but verify, relationship Reagan had with the Soviet Union. Thats the sort of leadership we need, he said. The sort of leadership is precisely the opposite of what were seeing right now. Noting he is a big believer in peace through strength, Cruz said the U.S.
Source: http://blog.chron.com/txpotomac/2013/09/ted-cruz-obamas-objective-in-syria-fundamentally-wrong/

Sen. Corker slams Obama on credibility

facility in Benghazi, Libya. During a 9/11 memorial ceremony at the Pentagon, Obama said: “We pray for all those who have stepped forward in those years of war — diplomats who serve in dangerous posts, as we saw this day last year in Benghazi, intelligence professionals, often unseen and unheralded who protect us in every way — our men and women in uniform who defend this country that we love.” Congressional Republicans continue to criticize the Obama administration for its handling of Benghazi, and say officials are covering up exactly what happened there. “President Obama promised the American people we would track down those responsible and bring them to justice,” said a statement from Sen. Lindsey Graham, R-S.C. “One year after the attack, no one has been held accountable.” Graham added: “Questions about what happened in Benghazi remain unanswered and the American people deserve answers.” The White House also cited the dual anniversaries in a statement about security preparations for 9/11: “September 11th has been a day of remembrance for 12 years for Americans and others around the world.
Source: http://www.usatoday.com/story/theoval/2013/09/11/obama-benghazi-sept-11-lindsey-graham/2798953/

Emerging Etf Caps Longest Rally Since 2007 On China Trade

QQQ has been outperforming the S&P 500 for nearly two months but now the Nasdaq-100 ETF is starting to lag the market in what could be an important emerging trend. This mornings down open on the Nasdaq-100 has printed an island reversal on the chart, far from bullish bearing in mind that the index made a new decade high yesterday. This area has been leading strongly on a relative basis since late July but this fresh weakness raises a red flag, said Investors Intelligence technical analyst Tarquin Coe. The Powershares QQQ ETF also shows a bearish momentum divergence with yesterdays high and todays slide. With the relative uptrend off the July low now broken, the weakness is not going to be short-lived, he wrote in a newsletter Wednesday. QQQ was in the red Wednesday while the Dow and S&P 500 both traded higher.
Source: http://finance.yahoo.com/news/nasdaq-100-etf-weakness-cause-180015572.html

energy boom, using midsized oil and gas pipeline operators as investment vehicles. Just last month, Global X Fundwith more than $2 billion of assets under managementlaunched the MLP & Energy Infrastructure ETF, a $16 million fund that has 35 different holdings in its portfolio. WisdomTree: ‘Future of asset management lies in the ETF industry’ Investors have put more than $100 billion into ETFs already this year, with nearly $9 billion going into one particular fundWisdomTree Japan. Jonathan Steinberg, of WisdonTree, provides an inside look into the ETF business.
Source: http://www.cnbc.com/id/101010892

Short Selling ETF Sends Up Red Flags on 3D Printing Leader

Benchmark measures in Poland and the Czech Republic added at least 0.5 percent, while Hungarian shares retreated for a fourth day. The Shanghai Composite Index rose 3.4 percent, the biggest gain since Dec. 14. Shanghai Pudong Development Bank (600000) jumped 10 percent as investors speculated lenders will resource be allowed to issue preferred shares to boost capital. Malaysias ringgit climbed 1.1 percent after Chinas trade data brightened the outlook for the exports. Thailands SET Index surged 3.6 percent, while the Jakarta Composite Index rallied 2.9 percent.
Source: http://www.bloomberg.com/news/2013-09-09/emerging-stocks-rise-to-three-week-high-on-chinese-trade-data.html

One more standout issue was that operating cash flow was $2 million in the latest quarter, down 63% year-over-year. To make matters worse, the grading for 3D Systems is actually the worst of the 1,002 companies currently in the group’s stock database of short-sell evaluations. Another point we would make is that the consensus analyst price target from Thomson Reuters is up at $55.00 per share. The bad news is that it could have some serious pain if any downward momentum can get going.
Source: http://finance.yahoo.com/news/short-selling-etf-sends-red-162553504.html