By Phil at Phil’s Stock World The dollar is making new lows. As I’ve been saying all week(s) that is the story that is driving the market.  Still people interview me and ask me how high I think the markets can go which is kind of silly because, as I keep trying to explain, the markets aren’t going anywhere, the only variable is the currency...

By: John Darsie of T3Live The banks exposed to the foreclosure fraud scandal are getting hit hard today amid a devastating report that suggests Bank of America Corporation (BAC) has exposure to faulty mortgages that could lead to a its share price being cut in half. Manal Mehta at Branch Hill Capital created a presentation in August outlining extensive...

Tim Iacono The Labor Department reported that consumer prices rose 0.1 percent last month and are just 1.1 percent higher than a year ago, meaning that Fed Chief Ben Bernanke at least got the title right -  Monetary Policy Objectives and Tools in a Low-Inflation Environment – for his speech today (more on that later as markets try to digest all...

The Market Ticker THREE YEARS ON CNBS finally reports…… It appears the mortgage content of many of those pools—created when the banks were dominating the mortgage securitization market in 2005, 2006 and 2007—may have been misrepresented. For example, an underwriter may have maintained that 80 percent of the mortgages in the pool were...

Stowe, VT, October 12, 2010 – Casey Research, a leader in providing in-depth, independent analysis of high-growth investment opportunities, announced today Casey’s NextTen, the next generation of leaders in the natural resource industry. Successful investors, like Casey Research founder Doug Casey, have long recognized that there are no...

By Phil’s Stock World Wheeee – this is fun! The dollar dropped to 76.5 this morning and that gave us a nice pop in the futures which is fading now (8am) as we move towards our 8:30 Trade Report along with the PPI and, of course, the usual 450,000 weekly pink slips handed out to the few remaining US workers (135M and dropping almost...

Courtesy of Mish Emerging market economies are under increasing stress as a result of the horrendous economic policies of the Fed. In order to prevent unwanted strengthening of their currencies, Emerging Asia sets up controls to curb capital inflows Thailand announced on Tuesday that it will impose a 15 percent withholding tax on interest and capital...

YHOO shares are surging this morning on rumors that a number of private equity firms are exploring a buyout of the company, and have contacted both News Corp (NWSA) and AOL (AOL) about a possible deal. Reuters is reporting this morning that talks have picked up steam over the past two days, but YHOO has not yet been contacted about a deal. This...

If you are looking to retire in the next 10, 15, or even 20 years, it’s time to have a strategy in place before it’s too late. Now is the time to plan and protect your family’s future by turning your portfolio into the financial fortress that you’re counting on in the years to come. In today’s short video, I share with...

Back in late February 2009 I decided enough was enough, and I stuck my neck out and called for a massive bull market in stocks. I based this prediction purely on Elliott Wave patterns I identified as bottoming and the sentiment gauges were off the charts bearish. We had not seen sentiment that negative since the 2002 lows.  The re-tracement of...

Its been an interesting week with stocks, commodities and currencies having a knee jerk reaction to the FOMC minutes released Tuesday afternoon. In short the Fed clearly said there must be more quantitative easing before things will get better. It was this news which triggered a rally in both stocks and commodities. Quantitative easing is a fast...

Courtesy of MIKE WHITNEY writing at CounterPunch This has the makings of a real donnybrook. The Fed has has hinted that it will launch a second round of quantitative easing (QE) sometime after its November 2 meeting. The anticipated intervention has been widely criticized, but for all the wrong reasons. Fed chairman Ben Bernanke knows that adding...

Posted by Adam Ellis of The News of Today Things are beginning to look up for Sirius XM (SIRI) Satellite Radio, after a couple of years of listening to doubtful critics. In early 2009, the stock which was trading as high as $51 a share in late 2000 had fallen all the way down to $0.10 a share. The company looked as though it might vanish and satellite...

Courtesy of The Pragmatic Capitalist In June I asked an important question – are we bound for another depression like Paul Krugman and many commentators have been calling for? And more importantly, are we making the same mistakes that were made in the 30′s that could lead to a severe double dip recession? For those who aren’t all that familiar,...