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World Markets Weekend Update: Year-End Rally Followed By Profit Taking
Article By:
Doug Short
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Monday, January 6, 2014 11:06 AM EDT
The past week straddled the boundary between 2013 and 2014 and was variously interrupted by holidays. But the dominant pattern was profit taking in the opening days of 2014.
Kurdish Oil Export Deal May Seal Iraq's Fate
Article By:
OilPrice
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Monday, January 6, 2014 10:30 AM EDT
The Turkish Energy Ministry said crude oil from the north of Iraq would be stored at a port to cater to Baghdad's stake in Iraq's oil future. With the Iraqis distracted by Sunni grievances further south, it's oil, not violence, that may eventually split the country.
Aluminum Stocks Showing Momentum
Article By:
Jeff Pierce
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Monday, January 6, 2014 10:18 AM EDT
NOR was a candidate for our Astrology Traders service this past week based on the chart pattern.
$500 Billion In 2013 Corporate Buybacks: Half Of QE
Article By:
Tyler Durden
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Monday, January 6, 2014 10:16 AM EDT
What may not be known is just how large the total amount of corporate buybacks in the past year was. The answer: the second highest in history, just shy record of 2007 amounting to $500 billion.
Bank Index Vs. S&P 500, Still-Bullish
Article By:
Gary Tanashian
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Monday, January 6, 2014 10:07 AM EDT
The bank index has led the S&P 500 since late 2011. Furthermore, a tapering of QE bond manipulation would theoretically at least favor the banks relative to other sectors as the long yield vs. ZIRP spread widens.
Eurozone And UK: Strong PMI Growth
Article By:
John Lounsbury
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Monday, January 6, 2014 10:05 AM EDT
The Eurozone manufacturing PMI registered its biggest jump in more than 2.5 years in December, rising to 52.7. The UK saw even stronger numbers for December as the PMI reading came in at a very robust 57.3.
"Polar Vortex" Day Market Summary
Article By:
Tyler Durden
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Monday, January 6, 2014 9:53 AM EDT
The "Polar Vortex" (no, really) which is about to unleash even record-er cold temperatures upon the US may be the greatest thing to happen to the economy.
Turkish Central Bank's Current Predicament
Article By:
Sober Look
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Monday, January 6, 2014 9:50 AM EDT
Rising rates in the United States have sent shock waves across a number of emerging markets. At the top of the list of most vulnerable emerging economies in 2014 is Turkey.
Book Review: The Richest Man In Babylon By George S. Clason
Article By:
Bankers Anonymous
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Monday, January 6, 2014 9:39 AM EDT
My taxi driver to the airport – upon hearing I was a ‘finance guy’ – told me all about The Richest Man in Babylon by George S. Clason, a book which changed his life.
Venezuela's "Radicalization Of The Economy" Has Brought The Country To The Brink
Article By:
Sober Look
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Monday, January 6, 2014 9:27 AM EDT
News out of Venezuela continues to be quite grim, pointing to further economic deterioration. This is truly astonishing, given that Venezuela has the highest proven oil reserves in the world.
China Services PMI Crumbles To 2nd Worst Level On Record
Article By:
Tyler Durden
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Sunday, January 5, 2014 11:12 PM EDT
Following the missed expectations of the Manufacturing PMIs in China, it appears 'reform' is having the exact slow-growth-inducing credit-creation-dampening effects many had worried about.
Have The Bears Wrestled Control Of January? – Weekly Market Outlook
Article By:
Price Headley
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Sunday, January 5, 2014 11:06 PM EDT
The market's close on Friday was a half-percent lower than the prior Friday's close, getting stocks started on the wrong foot for 2014. How things get started this week will be critical to how things finish for the month.
Focus Picks: Sketchers USA (SKX) And Federal-Mogul Corp (FDML)
Article By:
E.B. Capital Markets
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Sunday, January 5, 2014 9:48 PM EDT
SKX has posted gains in 9 of the past 10 years, generating a 14.49% average return. FDML has posted gains in 4 of the past 5 years, generating a 15.3% average return.
Astrology Update: January 5, 2014 - One Sell, One Buy
Article By:
Jeff Pierce
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Sunday, January 5, 2014 9:36 PM EDT
Sunday's report from Astrology Traders . Since joining Marketfy 7 weeks ago we've closed 12 trades with 11 of them being profitable with an average gain of 13.9%