General

Beware Of New 52 Week Highs During Options Expiration Week

Since mid January the major stock indexes have topped out in the short term and a pullback has been underway. The Dow Jones Industrial Average hit a high at 10,729 on January 19th, 2010 and made a short term low on February 5th, 2010 at 9,835. During that time many commodity and financial stocks lead the declined sharply.

Court Asks Fed To Disclose Records Of $2 Trillion U.S. Loan Program Launched After Lehman Collapse (OPY)

Bloomberg reports that the Federal Reserve has been asked by the U.S. Court of Appeals in Manhattan to disclose the records of its $2 trillion U.S. loan program launched during the financial crisis. The court’s ruling supports a decision given by a lower-court judge in August, ordering that Fed must release information on bailout records.
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Potential Reversals 3/19/10

We may have hit a pivotal turning point in a number of markets today. We will need to see confirmation of reversals early next week…stay tuned. Crude will finish the last trading day of the week 2% lower but will manage to hold onto the $80 level. April will go off the board next week and May will become the front month.

Coal Prices Ready To Burn Hot In 2010?

Ways investors can play this commodity For most of the past 50 years, since the birth of environmental awareness, coal has been the "black sheep" of the power-production family. Now, thanks to more efficient furnaces, better exhaust-scrubbing systems and other technological advances, coal is regaining favor in the world's energy markets.

Bear Flag On Chart Looks Promising..But Volume Could Stall It. (NASDAQ:QQQQ), (NYSE:SPY), (NYSE:DIA)

The markets fell sharply early in early trading today. Fear of healthcare reform and options expiration playing a key role.

Markets Tank On Healthcare Uncertainty, Options Expiration. (NASDAQ:GOOG), (NASDAQ:BIDU), (NYSE:BA)

The markets are selling sharply on the best volume of the week. The healthcare vote this weekend looks like it might pass and the markets are getting jittery. The markets hate change and worry about continued government reckless spending. In addition, there will be new taxes imposed on capital gains which hit directly at the core of Wall Street.

New York Attorney General Investigating “Manipulation” Of Government Workers’ Salaries

The Wall Street Journal reports that New York Attorney General, Andrew Cuomo, said on Thursday that he is investigating a pension “spiking” case in the state. Pension “spiking” refers to large increases in salary of a government worker just when he is about to retire. This practice gives boost to the worker’s lifelong pension payout.

CBO Says Healthcare Bill Will Cut Deficit by 138 Billion in 10 Yrs.

Democrats got help in their effort to enact health-care today when the congressional budget office, CBO, said the $940 billion bill would cut the federal deficit. The health care vote could come up as early as March 21.

Jerome York Passes Away At 71 (AAPL, F)

The Wall Street Journal reports that Jerome York, who built a reputation as a turnaround expert at Chrysler Corp., passed away on Thursday after suffering with a brain aneurysm. He was 71.
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Corn: MB Wealth’s Biggest Position

March 17, 2010 By: Matthew Bradbard MB Wealth Corp. is not responsible and does not endorse anything out side of the content of this article authored by Matthew Bradbard; President of MB Wealth