Bespoke A couple of weeks ago we noted that Sirius XM Radio (SIRI) had recently made a nice comeback. Today, for the first time since September 2008, the stock has broken above the $1 mark. After trading for as low as a nickel a share last February, shares have now risen by over 1,900%. The stock is also up 80% since its recent low on December 22nd....

The following article is an excerpt from Elliott Wave International’s Trader’s Classroom Collection. Every trader, every analyst and every technician has favorite techniques to use when trading. But where traditional technical studies fall short, the Wave Principle kicks in to show high probability price targets and, just as importantly,...

By: Sean Hendelman and Brandon Rowley of T3 Live The mechanics of the equity markets are under constant evolution with the consistent goals over time of increasing speed of execution and advancing price discovery. Participants in the stock market have benefited from increased competition among exchanges and brokerage houses that has worked to greatly...

Over 100 banks are opening soon, buying junk bonds is gaining popularity and emerging markets are the trendy investment. Sound familiar? Europe appears to be returning to some bad investment habits. The following is an excerpt from the February issue of Global Market Perspective. For a limited time, you can visit Elliott Wave International to download...

By Marin Katusa, Casey’s Energy Opportunities Investing primer: The pros and cons of different funds Why invest in a fund, a cluster of stocks, rather than the stocks themselves? The reasons are twofold. First, a fund provides cheaper diversification for those investors with smaller amounts of capital. Buying each component of a fund spreads out...

John Carney of Clusterstock The image of banks locking their doors to keep customers from making withdrawals during a bank run is what immediately came to mind when we heard that Citigroup was telling customers it has the right to prevent any withdrawals from checking accounts for seven days. “Effective April 1, 2010, we reserve the right to require...

The Mess That Greenspan Made According to data released a short time ago, the Federal Reserve took down another big slug of mortgage backed securities over the last week – some $53 billion as indicated below – in what is supposed to be their second-to-last mid-month buying spree that has produced the regular stair-step pattern in the chart. When...

Joe Weisenthal of Business Insider Look at that. Dow futures are down by only about 30 now, despite a very signal that the Fed — however they want to word it — has begun the tightening cycle. Nobody cares. Compare this to the sturm und drang last week when the PBOC raised reserve requirements for Chinese banks. Everyone thought that was...

CalculatedRisk The countdown continues … The following graph is from the Atlanta Fed Financial Highlights, and shows the cumulative Fed MBS purchases by week: Click on graph for larger image. From the Atlanta Fed: The Fed purchased a net total of $11 billion1 of agency-backed MBS through the week of February 10. This purchase brings its total...

Scott Redler of T3Live Research in Motion (RIMM) has been AWESOME! This chart is a lesson in Technical Analysis by itself. Buy #1: was the RedDog Reversal on January 26th at $61.17. That was an outside day where the stock pushed through its prior low, triggered stops to steal longs, and trapped chasing shorts (that is the essence of the RedDog reversal). Buy...

Joe Weisenthal of Money Game Meredith Whitney spoke with Maria Bartiromo on the floor of the NYSE this evening. She predicts big-cap banks will be down some 15%, because investors still aren’t pricing in the risks ahead. Here are some things that will hit the sector: Populism. Government taking away the punchbowl. The end of the re-equitization...

by Tyler Durden Will the Steepener/Carry Trade/Long Stock bandwagon please proceed calmly in single file through the exit of the burning theater. Fed hikes discount rate by 25 bps – Hoenig, Plosser are finally heard. Futures plunge, dollar surges, 2s10s pancake. Full Fed Press Release: For release at 4:30 p.m. EDT The Federal Reserve Board...

By Jeff Clark, Senior Editor, Casey’s Gold & Resource Report Tracking the numerous ongoing bullish factors for gold is quite a chore. There are, quite literally, so many compelling arguments for holding our favorite metal that I used to catalog them each month in our letter. The reason there are so many “reasons” is because gold is unlike...

Everywhere you look, the mainstream financial experts are pinning on their “WIN 2″ buttons in a show of solidarity against what they see as the number one threat to the U.S. economy: Whip Inflation Now. There’s just one problem: They’re primed to fight the wrong enemy. Fact is, despite ten rate cuts by the Federal Reserve Board...

CalculatedRisk Note: Just to be clear, this is the discount rate (this is the rate the Fed charges banks that borrow reserves) and not the Fed Funds rate. This move was being discussed for some time although the timing is a surprise. From the Fed: The Federal Reserve Board on Thursday announced that in light of continued improvement in financial market...