It’s crucial in these trying economic times to stretch every penny you spend to grow your trading knowledge. Some companies charge thousands for products and services that are only meant to tease members into buying the next product or service. INO TV is the only place where over 30,000 members have access to over 150 experts and 500 hours of seminars,...

MONDAY 4/27 *None TUESDAY 4/28 *Consumer Confidence, S&P CaseShiller Home Price Index WEDNESDAY 4/29 *GDP-Adv., Chain Deflator-Adv., Crude Inventories, FOMC Rate Decision THURSDAY 4/30 *Initial Claims, Personal Income, Personal Spending, Employment Cost *Index, Chicago PMI FRIDAY 5/1 *Michigan Sentiment-Rev, Factory Orders, ISM Index, Auto Sales,...

Be sure to enter BAC or C below to get a free snapshot of the stock. This is one of the best free analysis tools I have ever used.

Finance ministers from both wealthy and developing nations have called for an urgent reform of banking systems in developed countries. A meeting of the World Bank and the International Monetary Fund (IMF) in Washington said such measures were needed for global economic recovery. The head of the IMF said progress had been made but it had been too slow. The...

Look at it this way, if you are an emerging market economy and you think your currency will drop you buy it right? There are very conflicting signals in the market currently that I am not sure of. T-bills at 3%, dollar drop, oil rising and Gold rising. Let’s not forget that China has just recently acknowledged a 70% increase in its Gold holdings....

One of the reasons the FAZ and FAS ETFs are so widely popular is because they focus on the troubled financial sector. They aim to return 300% of the return of the Russell 1000 Financial Index (FAZ is for the bears, FAS is for the bulls), which is pretty extreme when you consider how volatile the financials have currently been the past many months. Direxion...

There has been a ton of bad earnings this past week. I think the scariest part isn’t so much the bottom line but the Top line. Revenues for companies that reported this week fell from 10% to as much as 35-40%. The earnings targets have been set ridiculously low in a bid to build confidence, but the ones that have been the biggest surprises –...

For some perspective on the latest stock market action, today’s chart presents the current trend of the S&P 500. As today’s chart illustrates, following the October 2007 peak, the S&P 500 traded with in a relatively narrow downward sloping trend channel. That trend was interrupted by a historic financial meltdown. Since the meltdown,...

It makes the federal government look weak. GM (GM) got another $2 billion to stay afloat while it negotiates with the UAW and creditors. Both parties have to assume that the Treasury is doing everything it can to keep the company out of Chapter 11 including pumping what may well be good money after bad. According to Reuters, “The U.S. Treasury could...

A must-listen radio report from American Public Radio regarding yesterday’s revelations that Bernanke and Paulson forced BofA to close its deal for Merrill. REPORTER: If Henry Paulson and Ben Bernanke really told the CEO of Bank of America to keep quiet about losses at Merrill Lynch, they were probably breaking the law. That’s according to Lynn...

TARP, TALF, PPIP. TBTF. How many more acronyms can we have? Today’s Stress Test might as well just be called the “ST.” Technically, this is called the Supervisory Capital Assessment Program, so we will call it the “SCAP” for the future. At 2:00 PM we got to see what the parameters were and it comes as no surprise that most banks are said...

WASHINGTON (AP) — The Federal Reserve says the U.S. government is prepared to rescue any of the banks that underwent “stress tests” and were deemed vulnerable if the recession worsened sharply. The Fed says the 19 companies that hold one-half of the loans in the U.S. banking system won’t be allowed to fail — even if they...

NEW YORK (AP) — A person familiar with the matter says Chrysler’s lenders have delivered another counteroffer to the Treasury Department as the two sides continue to haggle over Chrysler’s debt. The offer was delivered Friday, but the terms were not immediately available. The person spoke on condition of anonymity because the negotiations...

While the actual results of the US bank stress tests won’t be released until May 4, today we are getting something almost as interesting – the methodology. The 30-page report will reportedly be released at 2pm New York time/7pm in London. While the core economic assumptions have already been made public, there’s still a bit of divergence about...