http://www.dreamteammoney.com/index.php Sat, 04 Jul 2009 03:23:22 -0400 1440 http://www.dreamteammoney.com/index.php?showtopic=78791 I came Across this site that from what I understand is a UK company offering Free Shares to Join them.

Shares, Stock click here]]> Fri, 03 Jul 2009 09:35:48 -0400 78791 http://www.dreamteammoney.com/index.php?showtopic=78405
A lack of competition and a surge in revenues from trading foreign currency, bonds and fixed-income products has sent profits at Goldman Sachs soaring, according to insiders at the firm.

Staff in London were briefed last week on the banking and securities company's prospects and told they could look forward to bumper bonuses if, as predicted, it completed its most profitable year ever. Figures next month detailing the firm's second-quarter earnings are expected to show a further jump in profits. Warren Buffett, who bought $5bn of the company's shares in January, has already made a $1bn gain on his investment.

Goldman is expected to be the biggest winner in the race for revenues that, in 2006, reached £186bn across the entire industry. While this figure is expected to fall to £160bn in 2009, it will be split among a smaller number of firms.

Barclays Capital, Credit Suisse and Deutsche Bank are among the European firms expected to register bumper profits, along with US banks JP Morgan and Morgan Stanley following the near collapse and government rescue of major trading houses including Citigroup, Merrill Lynch, UBS and Royal Bank of Scotland.

In April, Goldman said it would set aside half of its £1.2bn first-quarter profit to reward staff, much of it in bonuses. It is believed to have paid 973 bankers $1m or more last year, while this year's payouts are on track to be the highest for most of the bank's 28,000 staff, including about 5,400 in London.

Critics of the bonus culture in the City said the dominance of a few risk-taking investment banks is undermining the efforts of regulators to stabilise the financial system.

Vince Cable, the Liberal Democrat treasury spokesman, said: "The investment banks more than any other institutions created the culture of excessive leverage, excessive risk and excessive bonuses that led to the downfall of the financial system. Now they are cashing in and the same bonus culture has returned. The result must be that we are being pushed to the edge of another crash."

Goldman Sachs said it reviewed its bonus scheme last year and switched from a system of guaranteed rewards that were paid over three years to variable payments that tied staff to the firm. It told employees last year that profit-related bonuses would be delayed by 12 months.

Until the release of its first quarter profits in April, it seemed inconceivable that a firm owing the US government $10bn would be looking to break all-time records in 2009.

David Williams, an investment banking analyst at Fox Pitt Kelton, said: "This year is shaping up to be the best year ever for investment banks, or at least those that have emerged relatively unscathed from the credit crisis.

"These banks are intermediaries in the bond markets where governments and companies are raising billions of pounds of new money. There is also a lack of competition that means they can charge huge sums for doing business."

Last week, the firm predicted that President Barack Obama's government could issue $3.25tn of debt before September, almost four times last year's sum. Goldman, a prime broker of US government bonds, is expected to make hundreds of millions of dollars in profits from selling and dealing in the bonds.

http://www.guardian.co.uk/business/2009/ju...-bonus-payments]]> Fri, 26 Jun 2009 12:16:18 -0400 78405 http://www.dreamteammoney.com/index.php?showtopic=78257
The Frankfurt-based ECB filled all bids in its first offer of 12-month loans to banks at the current benchmark interest rate of 1 percent. The 1,121 banks that participated receive the funds tomorrow. The euro interbank offered rate, or Euribor, for 12-month loans fell to 1.57 percent today, a record low.

“It’s even more than our most optimistic scenario would have suggested,” said Christoph Rieger, a fixed income strategist at Commerzbank AG in Frankfurt. “There is so much liquidity around that it will push money-market rates to new record lows.”

The ECB, battling Europe’s worst recession since World War II, is concentrating its efforts on lubricating the banking system, which accounts for about three quarters of company financing in the region. The central bank has cut interest rates to the lowest on record and will next month start buying 60 billion euros of covered bonds to help free up credit.

Today’s allotment is “broadly equivalent to one third of all sovereign issuance in the euro zone this year,” said Erik Nielsen, chief European economist at Goldman Sachs Group Inc. in London. “It’s a big number, providing the intended monetary easing by stealth. I suspect that the ECB is very pleased.

http://www.bloomberg.com/apps/news?...id=aZhZvQc0E_Eg]]> Wed, 24 Jun 2009 09:56:48 -0400 78257 http://www.dreamteammoney.com/index.php?showtopic=78189
The order will be announced on a conference call tomorrow, said the person, who declined to be identified because the details are confidential. Intel scheduled the call for an “important announcement” with Anand Chandrasekher, senior vice president of the company’s ultra-mobility group.

Intel, whose microprocessors run more than 80 percent of the world’s personal computers, has struggled for about a decade to get a foothold in the market for chips that run mobile phones. Chandrasekher leads a group that sells a scaled-down version of Intel’s personal-computer chips. The products, called Atom, are designed for devices that can access the Web and send e-mail.

“Even if they get just a piece of Nokia’s business, it’s a big deal,” said Will Strauss, a Cave Creek, Arizona-based analyst for research firm Forward Concepts. “Nokia is still the biggest cell-phone maker in the world.”

Claudine Mangano, a spokeswoman for Santa Clara, California-based Intel, declined to comment. Laurie Armstrong, a spokeswoman for Nokia in the U.S., didn’t immediately return calls seeking comment.

http://www.bloomberg.com/apps/news?pid=206...id=axL1cxJCUAwU]]> Tue, 23 Jun 2009 12:04:25 -0400 78189 http://www.dreamteammoney.com/index.php?showtopic=77978
Stanford Group is under fire from the Department of Justice. (read more at Millennium-Traders.Com)

Economic data released today: N/A

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) shed 15.87 points, EOD 8,539.73
NYSE (New York Stock Exchange) no change, EOD 5,934.03
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 19.75 points, EOD 1,827.47
S&P 500 (SPX) gain 2.86 points, EOD 921.23
BEL 20 (BEL20) gain 16.88 points, EOD 1,997.71
CAC 40 (CAC40) gain 27.21 points, EOD 3,221.27
FTSE100 (UKX100) gain 65.07 points, EOD 4,345.93
NIKKEI 225 (NIK/O) gain 82.54 points, EOD 9,786.26

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,890, declined stock prices 1,145, unchanged stock prices 109, stock prices hitting new highs 22 and stock prices hitting new lows 2. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: RTP gain 7.26 points, HOD $169.25, LOD $162.08, EOD $167.79; CME shed 1.50 points, HOD $331.95, LOD $324.62, EOD $327.56; DVN shed 1.78 points, HOD $62.24, LOD $59.00, EOD $59.64; CHU gain 0.10 points, HOD $14.17, LOD $13.80, EOD $13.82; TNK shed 1.41 points, HOD $9.50, LOD $8.64, EOD $9.20; ESI shed 1.90 points, HOD $99.54, LOD $94.75, EOD $95.13; LNC shed 0.94 points, HOD $17.10, LOD $16.20, EOD $16.86

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,592, declined stock prices 1,106, unchanged stock prices 125, stock prices hitting new highs 33 and stock prices hitting new lows 6. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: FSLR gain 3.21 points, HOD $175.71, LOD $171.69, EOD $173.46; RIMM shed 3.77 points, HOD $76.70, LOD $72.50, EOD $72.78; OCLS gain 0.42 points, HOD $4.17, LOD $3.49, EOD $3.77; SWHC gain 1.10 points, HOD $6.13, LOD $5.55, EOD $6.03; IDU gain 3.56 points, HOD $299.83, LOD $292.23, EOD $297.60; SRG gain 4.57 points, HOD $163.51, LOD $157.39, EOD $161.15; AAPL gain 3.60 points, HOD $139.50, LOD $136.90, EOD $139.48.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 312, declined stock prices 219, unchanged stock prices 50, stock prices hitting new highs 9 and stock prices hitting new lows 4.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Sept 09: EOD 916.00; Change 0.25
E-mini NASDAQ-100 (NQ) Sept 09: EOD 1,466.00; Change 2.00
E-mini DOW $5 (YM) Sept 09: EOD 8,476; Change 0
E-mini S&P MidCap 400 (MF) Sept 09: EOD 575.50; Change -0.30
Nikkei 225 (Yen) Sept 09: EOD 9,830; Change 0

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7166 to U.S. Dollars 1.3954
Japanese Yen 96.23 to U.S. Dollars 0.0104
British Pound 0.6060 to U.S. Dollars 1.6502
Canadian Dollar 1.1346 to U.S. Dollars 0.8814
Swiss Franc 1.0801 to U.S. Dollars 0.9258

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (July 09) shed $1.82, EOD $69.55 per barrel ($US per barrel)
Heating Oil (August 09) shed $0.05, EOD $1.83 a gallon ($US per gallon)
Natural Gas (August 09) shed $0.09, EOD $4.19 per million BTU ($US per mmbtu.)
Unleaded Gas (July 09) shed $0.11, EOD $1.92 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (August 09) gain $1.60, EOD $939.00 ($US per Troy ounce)
Silver (July 09) shed $0.04, EOD $14.20 ($US per Troy ounce)
Platinum (July 09) gain $3.60, EOD $1,211.20 ($US per Troy ounce)
Copper (September 09) shed $0.02, EOD $2.26 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (August 09) gain 2.65, EOD 61.80
Pork Bellies (August 09) gain 1.75, EOD 60.80
Live Cattle (August 09) gain 0.43, EOD 82.13
Feeder Cattle (August 09) gain 0.30, EOD 98.10

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed 4.25, EOD 419.50
Soybeans (November 09) shed 37.50, EOD 1,006.00

BOND MARKET:
2 year EOD 99 11/32, change 3/32, Yield 1.21, Yield change 0.05
5 year EOD 97 14/32, change 5/32, Yield 2.80, Yield change -0.04
10 year EOD 94 19/32, change 12/32, Yield 3.78, Yield change -0.05
30 year EOD 95 21/32, change 1 22/32, Yield 4.51, change -0.11

At the close of the week, performance results for our Moderators:

Stocks Trading Room:
Jeannie $3,734
Barry $6,564
Scott $431
Marty $3,240
Andre $288

Futures Trading Room:
JT $3,840
Marco $312.50
Leah $240.00

Forex Trading Room:
JT $18,000
Leah No Calls

Daily Swing Trades:
Barry $8,960

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com]]> Fri, 19 Jun 2009 17:44:22 -0400 77978 http://www.dreamteammoney.com/index.php?showtopic=77967 http://www.sltrib.com/business/ci_12614107

Utah's jobless benefit reserves still solvent

Recession » Rising unemployment claims could force tax hikes for employers.

By Tony Semerad

The Salt Lake Tribune
Updated: 06/17/2009 11:07:33 PM MDT

Cash reserves for paying benefits to out-of-work Utahns remain financially healthy, in spite of one of the toughest challenges to the state's unemployment system in its history.

The global economic downturn has pushed Utah's unemployment rate to a five-year high, 5.2 percent. Although still below the national average of 9.4 percent, the jobless surge has pushed benefits paid to unemployed Utah workers from a total of $3 million per week less than a year ago to more than $14 million a week today.

That, in turn, is drawing heavily on the state's unemployment insurance reserves, a state-managed trust fund paid for by employer taxes that has dropped to $645.8 million from $846.6 million a year ago.

Those numbers look bad, but they could be much worse.

"Utah's one of the few fortunate states that in the face of this economic downturn has been able to maintain solvency,'' Kristen Cox, executive director of the state Department of Workforce Services, told state lawmakers on Wednesday.

Fourteen states -- Michigan, New York, Ohio and California among them -- have completely run out of unemployment-benefit reserves, forcing them to borrow a total of $8 billion from the federal government. Another 18 states are edging toward insolvency as the recession continues.

Unlike a majority of states, Utah automatically ties benefit levels and insurance premiums to key measures of the state's economic prosperity, so that by law the trust
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fund is built up in years of economic growth.

A top state official called this method of indexing "one of the wonders of our system.''

"This is the biggest test we've had to date and it's going pretty darn well,'' said Bill Starks, Utah's director of unemployment insurance.

At the current benefits spending levels, Starks said the trust fund could fall below a state-set minimum level sometime next year, potentially triggering an increase in what employers are required to pay into the system sometime in 2010 or 2011. "But we don't expect the fund will go insolvent,'' he said.

The news was greeted warily by legislators.

"We've faced challenges and there are more challenges ahead,'' said state Rep. Steven Mascaro, R-West Jordan, co-chair of the Legislature's interim Committee on Workforce Services and Community and Economic Development.

Although there are signs of economic improvement, unemployment rates usually lag six to 12 months behind the economy as a whole, Starks said, meaning that demand for the 26-week, $320-a-week unemployment benefit will remain high well into a recovery.

Utah is seeing 2,000 to 3,000 new jobless claims weekly, down from a peak of 5,695 the second week in January.

Starks estimated that every week about a thousand out-of-work Utahns completely run out of state unemployment benefits and have to seek additional emergency benefits provided under President Barack Obama's stimulus package.

Another 375 state residents per week exhaust those emergency benefits, leaving them with no support.

"We're watching that carefully,'' Starks said.]]> Fri, 19 Jun 2009 13:08:54 -0400 77967 http://www.dreamteammoney.com/index.php?showtopic=77900
''While the economy is in a difficult situation, movements toward picking up are seen in some areas,'' the Cabinet Office said in its monthly report for June, in the latest indication that the worst of the recession may be over.

The government had used the expression indicating a downturn to describe the state of the economy since last December.

In May, it said, ''While the economy is in a difficult situation, the pace of deterioration has become moderate,'' raising its overall economic assessment for the first time since February 2006. In the previous three months, it said the ''economy is worsening rapidly while in a severe situation.''

In its June report, the office said the prospects for the economy amid the harsh employment situation are ''likely to remain severe for the time being.''

http://www.nni.nikkei.co.jp/e/fr/tnks/Nni2...617D17JF869.htm]]> Thu, 18 Jun 2009 09:14:28 -0400 77900 http://www.dreamteammoney.com/index.php?showtopic=77821
The investment bank will return all of the $10 billion in loans it received last fall during the height of the credit crisis, said the person, who spoke on condition of anonymity because he is not authorized to speak publicly about the bank's plans.

Morgan Stanley is among 10 of the country's largest banks that won approval last week to pay back a total of $68 billion in funding from the Troubled Asset Relief Program, or TARP.

Wednesday is the first day that the banks are eligible to begin repaying the funds.

Returning the TARP money will free the firms from limits on executive pay that the banks had protested, as well as the high dividends the companies must pay under terms of the financing.

The banks approved to repay the bailout money include eight that passed the government stress tests earlier this year: J.P. Morgan Chase & Co., American Express Co., Goldman Sachs Group Inc., U.S. Bancorp, Capital One Financial Corp., Bank of New York Mellon Corp., State Street Corp. and BB&T Corp. Northern Trust Corp., which did not participate in the stress tests, also got permission.

Morgan Stanley was told by the government it needed to raise $1.8 billion in additional capital to protect it from future losses in case the economy worsened. After the stress test results were announced, Morgan Stanley immediately raised $3.5 billion in stock, more than covering that shortfall. The bank has since offered an additional $2.2 billion of stock in a public offering.

Banks wanting to repay the bailout funds first had to prove their ability to raise capital in the public markets without government assistance.

In addition to Morgan Stanley, other major financial institutions including J.P. Morgan and American Express are also expected to repay TARP funds this week.

A Treasury Department spokesman could not immediately be reached.]]> Wed, 17 Jun 2009 15:53:55 -0400 77821 http://www.dreamteammoney.com/index.php?showtopic=77767
Food and Drug Administration pounced on Matrixx Initiatives (MTXX) today, sending the stock to the basement. (read more at Millennium-Traders.Com)

Economic data released today:

Building Permits:
Building Permits rose 4.0% to 518,000 rate in May.

Producer Price Index (PPI):
U.S. May Producer Prices rose 0.2% compared to consensus of an increase by 0.6%; U.S. May PPI Excluding-Food & Energy down 0.1%; Consensus compared to consensus of an increase by 0.1%; U.S. May PPI Intermediate Goods rose 0.3%; U.S. May PPI Intermediate Goods Core down 0.2%; U.S. May PPI Crude Goods rose 3.6%; U.S. May PPI Crude Goods Core rose 6.7%; U.S. May PPI Energy Prices rose 2.9%; U.S. May Passenger Car Prices rose 0.1%; U.S. Apr PPI Unrevised at an increase by 0.3%; U.S. PPI drop by 5% on the year is the biggest decline since August 1949.

Housing Starts:
U.S. May Housing Starts rose 17.2% to 532,000 compared to consensus of an increase by 7.0%; U.S. April Housing Starts Revised to a drop by 12.9% from a drop by 12.8%; U.S. May Single-Family Starts rose 7.5% to 401,000 striking 3rd straight rise.

Industrial Production:
U.S. May Industrial Production fell 1.1% compared to consensus of an drop by 1.1%; U.S. April Industrial Production Revised to a drop by 0.7% from a drop by 0.5%.

Capacity Utilization Rate:
U.S. May Capacity Utilization fell 0.7 points at 68.3% compared to consensus of 68.2%; U.S. April Capacity Use Revised to 69.0% from 69.1%.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) triple digit loss 107.46 points, EOD 8,504.67
NYSE (New York Stock Exchange) shed 80.50 points, EOD 5,886.76
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 20.2 points, EOD 1,796.18
S&P 500 (SPX) shed 11.75 points, EOD 911.75
BEL 20 (BEL20) shed 13.39 points, EOD 1,995.59
CAC 40 (CAC40) shed 5.63 points, EOD 3,213.95
FTSE100 (UKX100) gain 2.56 points, EOD 4,328.57
NIKKEI 225 (NIK/O) triple digit loss 286.79 points, EOD 9,752.88

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 862, declined stock prices 2,204, unchanged stock prices 104, stock prices hitting new highs 7 and stock prices hitting new lows 8. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: MMR shed 1.46 points, HOD $6.64, LOD $5.77, EOD $5.79; TEL gain 0.72 points, HOD $21.77, LOD $19.92, EOD $19.98; SAY gain 0.48 points, HOD $4.28, LOD $3.69, EOD $3.92; GWR shed 2.01 points, HOD $26, LOD $24.33, EOD $24.59; BBY shed 2.82 points, HOD $38.15, LOD $35.62, EOD $35.84; NUE gain 1.11 points, HOD $48.44, LOD $46.42, EOD $46.86; WLP gain 1.32 points, HOD $48.06, LOD $45.43, EOD $47.05; CME shed 1.69 points, HOD $336.48, LOD $327.38, EOD $328.89; DVN shed 1.07 points, HOD $64.86, LOD $62.22, EOD $62.62; RTP shed 9.70 points, HOD $189.17, LOD $180.13, EOD $181.56.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 788, declined stock prices 1,908, unchanged stock prices 140, stock prices hitting new highs 16 and stock prices hitting new lows 14. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: MTXX shed 13.46 points, HOD $19.22, LOD $5.48, EOD $5.78; GENZ shed 0.37 points, HOD $13.23, LOD $12.72, EOD $12.78; FSLR shed 6.94 points, HOD $182.75, LOD $171.51, EOD $172.04; BIDU shed 3.31 points, HOD $296.75, LOD $287.40, EOD $289.00; STEC gain 4.86 points, HOD $23.89, LOD $19.18, EOD $22.88; SNDA shed 0.82 points, HOD $56.62, LOD $53.10, EOD $53.58.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 232, declined stock prices 301, unchanged stock prices 57, stock prices hitting new highs 5 and stock prices hitting new lows 1.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Sept 09: EOD 907.75; Change 0.00
E-mini NASDAQ-100 (NQ) Sept 09: EOD 1,443.75; Change -0.75
E-mini DOW $5 (YM) Sept 09: EOD 8,445; Change -4
E-mini S&P MidCap 400 (MF) Sept 09: EOD 569.10; Change -0.60
Nikkei 225 (Yen) Sept 09: EOD 9,660; Change 5

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7228 to U.S. Dollars 1.3836
Japanese Yen 96.38 to U.S. Dollars 0.0104
British Pound 0.6094 to U.S. Dollars 1.6409
Canadian Dollar 1.1349 to U.S. Dollars 0.8811
Swiss Franc 1.0882 to U.S. Dollars 0.9189

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (July 09) shed $0.15, EOD $70.47 per barrel ($US per barrel)
Heating Oil (July 09) gain $0.01, EOD $1.83 a gallon ($US per gallon)
Natural Gas (August 09) shed $0.07, EOD $4.31 per million BTU ($US per mmbtu.)
Unleaded Gas (July 09) gain $0.02, EOD $2.07 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (August 09) gain $4.70, EOD $932.20 ($US per Troy ounce)
Silver (July 09) gain $0.10, EOD $14.13 ($US per Troy ounce)
Platinum (July 09) gain $7.20, EOD $1,220.90 ($US per Troy ounce)
Copper (September 09) shed $0.03, EOD $2.27 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (August 09) shed 0.30, EOD 58.10
Pork Bellies (July 09) gain 0.25, EOD 59.15
Live Cattle (August 09) shed 0.45, EOD 80.38
Feeder Cattle (August 09) shed 0.70, EOD 96.50

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed 2.50, EOD 425.25
Soybeans (November 09) gain 3.75, EOD 1,028.50

BOND MARKET:
2 year EOD 99 13/32, change 3/32, Yield 1.17, Yield change -0.05
5 year EOD 98 2/32, change 8/32, Yield 2.66, Yield change -0.06
10 year EOD 95 21/32, change 16/32, Yield 3.65, Yield change -0.06
30 year EOD 95 27/32, change 29/32, Yield 4.50, change -0.06

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com]]> Tue, 16 Jun 2009 17:52:53 -0400 77767 http://www.dreamteammoney.com/index.php?showtopic=77745
The fates of the eurozone economy and its banks have become increasingly interlinked, the ECB reported on Monday in its latest “financial stability review” with banks losses expected to be focused on their loan exposures. Risks to the stability of the financial sector remained high, it said, while “uncertainty prevails” over the shock-absorbing capacity of the banking system.

Its stark comments could fuel calls for European politicians to step up the “stress-testing” of the Continent’s banks to restore confidence in the system. Weaknesses in continental Europe’s banks have come under increasing global scrutiny recently, with finance ministers facing pressure at a G8 summit in southern Italy at the weekend to follow the lead set by the US.

Lucas Papademos, ECB vice-president, said that “a negative interplay” between the financial sector and the economy had become clearer since the start of this year. He stopped short of calling for more rigorous stress testing or the publication of review results saying the issue “remains the responsibility of national authorities”. The ECB, which acts as the monetary authority for the 16 countries that share the euro, is not a bank supervisor.

However Mr Papademos repeated the ECB’s plea for banks to ensure they had sufficient capital and liquidity buffers and to take advantage of government support schemes.

Despite the scale of the bank losses that the ECB saw as still facing eurozone bank, it was strikingly less gloomy than the International Monetary Fund, An IMF report in April put expected write-downs this year and 2010 at US $750bn, although taking account of loss provisions and write-offs up until May this year would reduce that to about $540bn. The gap was due to different assumptions, for instance on the performance of loans.

The ECB also expressed confidence that the eurozone’s largest banks could endure any further economic deterioration, saying “most … appear to be sufficiently well capitalised to withstand severe but plausible downside scenarios”.

Among the main risks to the eurozone’s financial system identified were: a renewed loss of confidence in the financial strength of large banks; balance sheet strains facing insurers; larger-than-expected further falls in US house prices, and “an even more severe than currently projected economic downturn in the euro area,” Mr Papademos said. Banks also faced the risk that they had become “possibly too reliant” on emergency liquidity provided by central banks since the start of the financial crisis, according to the ECB report

While attention had so far focused on write-downs related to asset-backed securities and derivatives, the report said that “increasingly … attention is focusing on corporate debt and the likely loan losses that may materialise as the turmoil continues and the real economy endures a significant slowdown.” The ECB does not expect the eurozone to return to positive quarterly growth until the middle of 2010.

The ECB also warned about the threat posed by an intensification of the difficulties facing central and eastern Europe economies. But it concluded that even if the “worse case” scenario materialised this year in the European Union’s newest member states, Asia and South America, the balance sheets of the eurozone’s largest banks would, overall “not be unduly strained” – although some individual banks would be significantly worse affected.

http://www.ft.com/cms/s/34f0b6c0-59c5-11de...;nclick_check=1
]]> Tue, 16 Jun 2009 09:42:56 -0400 77745 http://www.dreamteammoney.com/index.php?showtopic=77506
The worlds largest asset manager was created today after BlackRock (BLK) agreed to buy Barclays Global Investors for $13.5 billion. (read more at Millennium-Traders.Com)

Economic data released today:

Import Price Index:
U.S. May Import Prices rose 1.3% compared to consensus of an increase by 1.5%; U.S. May Non-Petroleum Import Prices rose 0.2%; U.S. May Petroleum Import Prices rose 8.3%; U.S. Import Price Rise is highest since July 2008.

University of Michigan Consumer Sentiment Index:
Mid-June Sentiment came in at 69.0 compared to May reading of 68.7; Mid-June Current Index came in at 74.5 compared to May reading of 67.7; Mid-June Expectations at 65.4 compared to May reading of 69.4; 12-Month Inflation Forecast rose 3.1% compared to May increase by 2.8%; 5-Year Inflation Forecast rose 3.1% compared to May increase by 2.9%.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) gain 28.49 points, EOD 8,799.41
NYSE (New York Stock Exchange) EOD 6,148.61
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 3.57 points, EOD 1,858.80
S&P 500 (SPX) gain 1.32 points, EOD 946.21
BEL 20 (BEL20) gain 10.44 points, EOD 2,059.75
CAC 40 (CAC40) shed 8.8 points, EOD 3,334.94
FTSE100 (UKX100) shed 19.92 points, EOD 4,441.95
NIKKEI 225 (NIK/O) triple digit gain 154.49 points, EOD 10,135.82

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,416, declined stock prices 1,633, unchanged stock prices 103, stock prices hitting new highs 16 and stock prices hitting new lows 5. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: RTP shed 8.01 points, HOD $207.14, LOD $200.39, EOD $204.49; BAC gain 0.79 points, HOD $13.93, LOD $13.23, EOD $13.76; BLK shed 6.37 points, HOD $180, LOD $170.21, EOD $176.23; TNS gain 1.11 points, HOD $20.77, LOD $18.93, EOD $19.56; SPG gain 1.99 points, HOD $54.42, LOD $52.42, EOD $54.13; HIG shed 1.13 points, HOD $13.60, LOD $12.80, EOD $12.95; CME shed 3.23 points, HOD $343.92, LOD $335.21, EOD $338.86.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,271, declined stock prices 1,462, unchanged stock prices 142, stock prices hitting new highs 34 and stock prices hitting new lows 5. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: EZPW shed 1.90 points, HOD $11.63, LOD $10.79, EOD $10.99; RMBS gain 2.30 points, HOD $17.81, LOD $16.85, EOD $17.39; SVNT gain 3.41 points, HOD $9.80, LOD $8.59, EOD $9.34; BIDU shed 12.23 points, HOD $297.55, LOD $285.88, EOD $288.46; FSLR shed 1.48 points, HOD $184.73, LOD $180.50, EOD $182.62.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 199, declined stock prices 327, unchanged stock prices 53, stock prices hitting new highs 11 and stock prices hitting new lows 1.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) Sept 09: EOD 941.75; Change 3.50
E-mini NASDAQ-100 (NQ) Sept 09: EOD 1,487.75; Change -3.25
E-mini DOW $5 (YM) Sept 09: EOD 8,748; Change 49
E-mini S&P MidCap 400 (MF) Sept 09: EOD 594.10; Change -0.50
Nikkei 225 (Yen) Sept 09: EOD 10,135; Change 120

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7142 to U.S. Dollars 1.4002
Japanese Yen 98.37 to U.S. Dollars 0.0102
British Pound 0.6083 to U.S. Dollars 1.6440
Canadian Dollar 1.1184 to U.S. Dollars 0.8941
Swiss Franc 1.0803 to U.S. Dollars 0.9257

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (July 09) shed $0.64, EOD $72.04 per barrel ($US per barrel)
Heating Oil (July 09) shed $0.02, EOD $1.84 a gallon ($US per gallon)
Natural Gas (July 09) shed $0.08, EOD $3.86 per million BTU ($US per mmbtu.)
Unleaded Gas (July 09) shed $0.02, EOD $2.04 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (August 09) shed $21.30, EOD $940.70 ($US per Troy ounce)
Silver (July 09) shed $0.62, EOD $14.88 ($US per Troy ounce)
Platinum (July 09) shed $14.40, EOD $1,258.70 ($US per Troy ounce)
Copper (July 09) shed $0.07, EOD $2.37 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (August 09) shed 0.33, EOD 60.08
Pork Bellies (July 09) gain 2.90, EOD 58.45
Live Cattle (August 09) gain 0.15, EOD 81.60
Feeder Cattle (August 09) gain 1.20, EOD 97.58

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) shed 15.50, EOD 447.75
Soybeans (November 09) shed 13.25, EOD 1,076.50

BOND MARKET:
2 year EOD 99 7/32, change 3/32, Yield 1.27, Yield change -0.04
5 year EOD 97 16/32, change 8/32, Yield 2.78, Yield change -0.06
10 year EOD 94 16/32, change 15/32, Yield 3.79, Yield change -0.06
30 year EOD 93 20/32, change 24/32, Yield 4.64, change -0.01

At the close of the week, performance results for our Moderators:

Stocks Trading Room:
Jeannie $6,203
Barry $6,406
Scott $1,875
Marty $1,244

Futures Trading Room:
JT $2,955

Forex Trading Room:
JT $10,950

Daily Swing Trades:
Barry $3,070

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com
http://www.millennium-traders.com

Subscribe to our RSS Feed for the News & Commentary, Daily Market Report and/or Monthly Trading Lesson to come right to your desktop!]]> Fri, 12 Jun 2009 17:50:01 -0400 77506 http://www.dreamteammoney.com/index.php?showtopic=77497 http://www.bloomberg.com/apps/news?pid=206...id=amB3ytMcNUW4

June 11 (Bloomberg) -- You can see it in the body language when speaking with Japanese officials.

It’s a kind of physical resignation that, well, here we go again: deflation, negligible growth, political maneuvering. There is also an air of lament that Japan is an example of what many economies don’t want to become.

I could see it in Hiroshi Nakaso’s eyes last week, as the Bank of Japan executive director explained, for the umpteenth time, why interest rates in Asia’s biggest economy are near zero percent. The same goes for Hiroko Ota, Japan’s former economic and fiscal policy minister.

“The worst is over but I can’t say the economy is heading for a recovery at all,” Ota said in a June 4 interview. It’s probably even worse news that Ota, now vice president at the National Graduate Institute for Policy Studies in Tokyo, says Japan’s recovery may be “W-shaped,” instead of V-shaped.

The reason for pessimism is that Japan’s experience with a W-shaped recovery may be a harbinger for the biggest economies.

Concerns about a Japan-like “lost decade” in the U.S. and elsewhere are well-known. That specter is becoming less likely as trillions of dollars of stimulus work their way through the economy. Talk of another Great Depression is now giving way to fears of an historic inflation surge. What is becoming more likely, though, is the W-ization of the business cycle.

Bear-Market Rallies

The bear-market-rally argument making the rounds in Asia and the U.S. is preferable to this one. It would merely mean that today’s rallies will look a bit overdone in the weeks ahead. The prevalence of W-shaped cycles could be with us for years. That would be terrible for the “green shoots” supporters who claim the worst is over in global markets.

Here’s how it would look: Each increase in gross domestic product would fizzle as quickly as it began, undermining rallies in equity markets. Not a lost decade, yet not one that investors would enjoy. Such a scenario would reflect steps that policy makers are taking to restore growth.

From Washington to Beijing, officials are still treating the symptoms of the crisis, not the cause. Throwing money at the problem was fine for a while. It is now time to revamp regulations, retool economies and restore trust in markets.

Consumers worried they won’t have a job in a month need to rely on the economic outlook. Investors must be confident that the top-rated security they are buying won’t soon be worthless. Banks need to be sure that money they lend won’t lead to more bad loans. Restoring that trust will require bold action by governments and market regulators.

Twilight Zone

The price that Japan paid for avoiding tough decisions is now seen in the country’s extreme vulnerability to global export trends. Japan is stuck in the economic equivalent of the “Twilight Zone.” It’s often forgotten that Japan’s growth in the first half of this decade was underpinned by the largest public debt among developed nations and zero interest rates. Healthy and organic growth it was not.

The risk of a W-shaped world economy has been a preoccupation of Stephen Roach, chairman of Morgan Stanley Asia Ltd. in Hong Kong, in recent years. Markets “that want to price in a classic ‘V-shaped’ recovery, I think, are in fantasyland right now,” Roach said on June 4.

Even China, the nation many view as best positioned to avoid the worst of the global recession, may be heading this way as the effects of stimulus efforts wear off. At that point, the fourth-biggest economy will face a dismal export environment.

China Puzzle

That scenario makes the debate over what New York economist Brad Setser calls “the China puzzle” all the more relevant. On his blog, the former U.S. Treasury official has been exploring why China is growing when other export powerhouses aren’t.

A particular area of focus has been shifts in China’s policies before and after the September 2008 collapse of Lehman Brothers Holdings Inc. One preliminary conclusion: China had more capacity than most large exporters to stimulate domestic demand once the “Lehman shock” devastated global markets.

The real post-Lehman surprise may be how economic cycles and markets gyrate and don’t go very far for a while. Part of the problem is the “bubble fix” phenomenon pervading financial centers such as London, New York and Tokyo. Central banks have slashed interest rates toward zero.

Marc Faber, Hong Kong-based publisher of the Gloom, Boom & Doom report, rarely misses an opportunity to compare today’s markets to a relapsing alcoholic, and central banks to irresponsible bartenders. To dole out more booze, as monetary officials have been doing, is the wrong medicine.

That’s where markets find themselves, and investors are getting tipsier by the day. The MSCI Asia Pacific Index has surged 49 percent from a five-year low on March 9. Equities from Mumbai to Shanghai to Tokyo are rallying on rising confidence that the worst of the global recession has passed.

Perhaps investors are right to revel in recent good news. If we are merely scaling the slope of a W-cycle, though, today’s bulls won’t be happy a few months from now.]]> Fri, 12 Jun 2009 09:41:36 -0400 77497 http://www.dreamteammoney.com/index.php?showtopic=77440
The markets moved into positive territory early on in the session and they held in the green zone, into the close of todays trading session. (read more at Millennium-Traders.Com)

Economic data released today:

Retail Sales:
U.S. May Retail & Food Sales rose 0.5% compared to consensus of an increase by 0.6%; U.S. May Retail & Food Sales Excluding-Autos rose 0.5%; U.S. April Retail & Food Sales Revised to a drop by 0.2% from a drop by 0.4%.

Initial Jobless Claims:
U.S. Jobless Claims lower by 24K to 601K for week of June 6 compared to survey of unchanged; U.S. May 30 Week Continuing Claims rose 59K to 6,816,000: U.S. May 30 Week Jobless Claims Revised to 625K from 621K; U.S. Initial Jobless Claims Lowest since January 24; U.S. Continuing Claims Hit 19th-Straight Record High.

Business Inventories:
U.S. April Business Inventories fell 1.1% compared to expectations of a drop by 0.9%; Inventory-To-Sales Ratio falls in April to 1.43 from 1.44.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) gain 31.90 points, EOD 8,770.92
NYSE (New York Stock Exchange) gain 65.07 points, EOD 6,163.13
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 9.29 points, EOD 1,862.37
S&P 500 (SPX) gain 5.74 points, EOD 944.89
BEL 20 (BEL20) shed 4.57 points, EOD 2,059.75
CAC 40 (CAC40) gain 19.67 points, EOD 3,334.94
FTSE100 (UKX100) gain 25.12 points, EOD 4,461.87
NIKKEI 225 (NIK/O) shed 10.16 points, EOD 9,981.33

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,902, declined stock prices 1,194, unchanged stock prices 80, stock prices hitting new highs 21 and stock prices hitting new lows 8. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: RTP gain 6.05 points, HOD $216.46, LOD $205.73, EOD $212.50; CME gain 15.23 points, HOD $346.24, LOD $326.69, EOD $342.97; X gain 1.70 points, HOD $43.15, LOD $40.20, EOD $41.83; VMC shed 1.27 points, HOD $43.32, LOD $41.01, EOD $42.70; DLM gain 0.67 points, HOD $8.73, LOD $8.20, EOD $8.32; UNH shed 1.68 points, HOD $24.33, LOD $23.23, EOD $24.05; SKF shed 0.39 points, HOD $40.46, LOD $38.90, EOD $40.04; MA shed 3.65 points, HOD $175.35, LOD $169.13, EOD $169.95.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,758, declined stock prices 974, unchanged stock prices 129, stock prices hitting new highs 51 and stock prices hitting new lows 7.NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: FSLR shed 1.61 points, HOD $187.50, LOD $183.50, EOD $185.14; AAPL shed 0.50 points, HOD $141.56, LOD $138.55, EOD $139.75; PSYS gain 1.22 points, HOD $20.41, LOD $19.35, EOD $19.70; BIDU gain 2.8155 points, HOD $302, LOD $292.74, EOD $300.45; ISRG gain 7.95 points, HOD $170.66, LOD $159.90, EOD $167.67.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 338, declined stock prices 208, unchanged stock prices 59, stock prices hitting new highs 15 and stock prices hitting new lows 1.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) June 09: EOD 942.25; Change 1.75
E-mini NASDAQ-100 (NQ) June 09: EOD 1,490.50; Change -5.25
E-mini DOW $5 (YM) June 09: EOD 8,753; Change -1
E-mini S&P MidCap 400 (MF) June 09: EOD 596.40; Change -0.90
Nikkei 225 (Yen) n/a

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7091 to U.S. Dollars 1.4102
Japanese Yen 97.59 to U.S. Dollars 0.0102
British Pound 0.6031 to U.S. Dollars 1.6582
Canadian Dollar 1.1030 to U.S. Dollars 0.9016
Swiss Franc 1.0708 to U.S. Dollars 0.9339

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (July 09) gain $1.35, EOD $72.68 per barrel ($US per barrel)
Heating Oil (July 09) gain $0.02, EOD $1.85 a gallon ($US per gallon)
Natural Gas (July 09) shed $0.23, EOD $3.93 per million BTU ($US per mmbtu.)
Unleaded Gas (July 09) gain $0.05, EOD $2.06 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (August 09) gain $6.80, EOD $961.50 ($US per Troy ounce)
Silver (July 09) gain $0.27, EOD $15.49 ($US per Troy ounce)
Platinum (July 09) shed $0.10, EOD $1,273.10 ($US per Troy ounce)
Copper (July 09) gain $0.08, EOD $2.45 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (August 09) gain 1.13, EOD 60.40
Pork Bellies (July 09) shed 0.35, EOD 55.55
Live Cattle (August 09) gain 0.63, EOD 81.45
Feeder Cattle (August 09) gain 0.20, EOD 96.38

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (December 09) gain 8.25, EOD 463.25
Soybeans (November 09) gain 6.75, EOD 1,089.75

BOND MARKET:
2 year EOD 99 4/32, change 2/32, Yield 1.32, Yield change -0.03
5 year EOD 97 10/32, change 10/32, Yield 2.85, Yield change -0.07
10 year EOD 93 30/32, change 21/32, Yield 3.87, Yield change 0.02
30 year EOD 92 25/32, change 29/32, Yield 4.70, change -0.06

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com]]> Thu, 11 Jun 2009 17:43:06 -0400 77440 http://www.dreamteammoney.com/index.php?showtopic=77425
The House Committee on Oversight and Government Reform, chaired by Rep. Edolphus Towns (D., N.Y.), has asked the Fed to turn over documents requested by the panel last week. The documents requested include emails to and from Chairman Ben Bernanke, as well as handwritten notes from meetings and conversations involving Bernanke, then Treasury Secretary Henry Paulson and Bank of America CEO Kenneth Lewis.

The request is being made ahead of a Thursday hearing in which Mr. Lewis is scheduled to appear before House lawmakers. Congressional investigators have been investigating the details of Bank of America's acquisition of Merrill Lynch, as well as the government's decision to give the company $20 billion in additional government aid in January.

Additionally, lawmakers have been examining testimony given by Mr. Lewis to New York Attorney General Andrew Cuomo in which he suggested top Fed and Treasury officials pressured him to complete the deal for Merrill Lynch despite ballooning losses at the securities firm.

http://online.wsj.com/article/SB124457748334599149.html]]> Thu, 11 Jun 2009 09:22:06 -0400 77425 http://www.dreamteammoney.com/index.php?showtopic=77359
ECB officials believe the euro-zone recession could weaken the 16-nation bloc's strained banking system. "That is the reason why we are also cautious about the gradual recovery path in our scenario," said Yves Mersch, who sits on the ECB's 22-member Governing Council.

Mr. Mersch, head of Luxembourg's central bank, is a lawyer and political scientist whose influence on ECB policy exceeds the tiny nation's importance in the euro zone's economy.

In the interview, he said financial-sector weakness, which could push more European banks to fail, is "already penciled in" to policy makers' calculations. He suggested policy makers see their role shifting from actively shoring up the bloc's financial system and economy to monitoring the effect of measures they have taken.

"We must move away from an announcement policy to an implementation policy," Mr. Mersch said.

"But if the ceiling is falling on our head," he added, noting developments could turn out worse than the central bank expects, "we have to change."

In May, the ECB cut its key rate to a record low of 1% and announced a program to buy €60 billion ($83 billion) in low-risk bonds. Central banks in the U.K. and U.S. have taken their key rates close to zero and launched broader asset-purchase programs to boost economic activity.

The prospect that a worse-than-expected downturn could throttle European banks is spurring concern outside the bloc. The International Monetary Fund warned Monday that financial-sector weakness could thwart the euro zone's economic recovery. U.S. Treasury Secretary Timothy Geithner will press the Obama administration's case for European authorities to run tougher bank stress tests at a meeting of finance ministers from the Group of Eight leading nations at a meeting in Italy this week.

http://online.wsj.com/article/SB124458116932999475.html]]> Wed, 10 Jun 2009 10:20:55 -0400 77359 http://www.dreamteammoney.com/index.php?showtopic=77296
Trading activity was light today, as investors await further news on banks prepared to repay money received from TARP funds. (read more at Millennium-Traders.Com)

Economic data released today:

Wholesale Inventories:
U.S. April Wholesale Inventories down 1.4%, expected to be down 1.2%.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) shed 1.43 points, EOD 8,763.06
NYSE (New York Stock Exchange) gain 33.01 points, EOD 6,101.57
National Association of Securities Dealers Automated Quotations (NASDAQ) gain 17.73 points, EOD 1,860.13
S&P 500 (SPX) gain 3.29 points, EOD 942.43
BEL 20 (BEL20) gain 10.44 points, EOD 2,056.61
CAC 40 (CAC40) gain 7.07 points, EOD 3,296.73
FTSE100 (UKX100) shed 0.43 points, EOD 4,404.79
NIKKEI 225 (NIK/O) shed 78.81points, EOD 9,786.82

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,843, declined stock prices 1,202, unchanged stock prices 118, stock prices hitting new highs 14 and stock prices hitting new lows 8. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: TXN gain 1.25 points, HOD $21.27, LOD $20.58, EOD $21.02; KMP shed 1.56 points, HOD $51.16, LOD $50.50, EOD $51.10; RTP gain 5.26 points, HOD $197.33, LOD $190.14, EOD $195.26; SKF shed 0.54 points, HOD $40.15, LOD $39.17, EOD $39.43; PBY gain 0.91 points, HOD $9.46, LOD $8.81, EOD $9.33; MOV gain 2.14 points, HOD $10.48, LOD $8.95, EOD $10.24; NAV gain 2.42 points, HOD $45.79, LOD $40.23, EOD $45.46; DO gain 2.58 points, HOD $92.31, LOD $89.33, EOD $90.99; CME gain 1.33 points, HOD $336.92, LOD $331.52, EOD $332.70; STJ shed 0.41 points, HOD $39.65, LOD $37.90, EOD $39.07.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,641, declined stock prices 1,071, unchanged stock prices 163, stock prices hitting new highs 51 and stock prices hitting new lows 9. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: AAPL shed 1.43 points, HOD $144.56, LOD $140.55, EOD $142.42; FSLR shed 0.98 points, HOD $185.72, LOD $182.40, EOD $182.99; BIDU gain 5.15 points, HOD $310.25, LOD $302, EOD $309.05; RIMM gain 0.13 points, HOD $83.59, LOD $81.55, EOD $82.08.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 318, declined stock prices 232, unchanged stock prices 58, stock prices hitting new highs 15 and stock prices hitting new lows 3.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) June 09: EOD 939.50; Change 0.75
E-mini NASDAQ-100 (NQ) June 09: EOD 1,500.75; Change 10.25
E-mini DOW $5 (YM) June 09: EOD 8,742; Change -17
E-mini S&P MidCap 400 (MF) June 09: EOD 596.50; Change 4.90
Nikkei 225 (Yen) June 09; EOD 9,820; Change -40

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7110 to U.S. Dollars 1.4065
Japanese Yen 97.39 to U.S. Dollars 0.0103
British Pound 0.6129 to U.S. Dollars 1.6316
Canadian Dollar 1.1043 to U.S. Dollars 0.9056
Swiss Franc 1.0782 to U.S. Dollars 0.9275

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (July 09) gain $1.92, EOD $70.01 per barrel ($US per barrel)
Heating Oil (July 09) gain $0.04, EOD $1.81 a gallon ($US per gallon)
Natural Gas (July 09) no change, EOD $3.73 per million BTU ($US per mmbtu.)
Unleaded Gas (June 09) gain $0.03, EOD $1.97 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (August 09) gain $2.20 EOD $954.70 ($US per Troy ounce)
Silver (July 09) gain $0.19, EOD $15.14 ($US per Troy ounce)
Platinum (July 09) gain $13.90, EOD $1,257.90 ($US per Troy ounce)
Copper (July 09) gain $0.11, EOD $2.37 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (July 09) shed 0.75, EOD 58.75
Pork Bellies (July 09) shed 3, EOD 58.90
Live Cattle (August 09) gain 1.10, EOD 81.73
Feeder Cattle (August 09) gain 0.48, EOD 96.33

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 09) gain 8.25, EOD 466.25
Soybeans (July 09) gain 11, EOD 1,243.50

BOND MARKET:
2 year EOD 99 5/32, change 7/32, Yield 1.31, Yield change -0.10
5 year EOD 97 5/32 10/32, change 9/32, Yield 2.86, Yield change -0.06
10 year EOD 93 30/32, change 4/32, Yield 3.86, Yield change -0.02
30 year EOD 93 12/32, change -24/32, Yield 4.64, change 0.03

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com]]> Tue, 09 Jun 2009 18:16:33 -0400 77296 http://www.dreamteammoney.com/index.php?showtopic=77284
Wells's Boston-based mutual fund Evergreen Investment Management Co. agreed along with its brokerage unit to pay $40 million to end civil state and federal securities-fraud allegations that it overvalued the holdings of its Evergreen Ultra Short Opportunities Fund and then, when it was going to lower the value of the securities, informed only select investors -- many of them customers of an Evergeen affiliate -- allowing them to cash out of the fund and lessen their losses.

Separately, Bank of America agreed to "facilitate" the return of more than $3 billion to California clients who purchased auction rate securities, an investment that went sour last year amid a liquidity freeze. The bank reached the agreement with the California Department of Corporations.

"We are pleased that the outcome of these negotiations will result in the return of money to many investors who suffered by the freezing of their assets when the auctions failed," said California Department of Corporations Deputy Commissioner Alan Weinger. A bank spokeswoman couldn't be reached for comment.

The Wells case highlights the valuing of securities as a key issue during the financial crisis as banks, hedge funds and now mutual funds have failed to take losses on their holdings even though there was evidence in the market these securities were trading at lower prices.

In one case Evergreen, which had $164 billion in assets at the end of the first quarter, was holding a security at nearly full value when another fund at the firm purchased a similar security for 10 cents on the dollar.

http://online.wsj.com/article/SB124447741263994585.html]]> Tue, 09 Jun 2009 11:39:57 -0400 77284 http://www.dreamteammoney.com/index.php?showtopic=77195
“It makes U.S. jobs more expensive,” Ballmer said in an interview. “We’re better off taking lots of people and moving them out of the U.S. as opposed to keeping them inside the U.S.”

http://www.bloomberg.com/apps/news?pid=206...id=aAKluP7yIwJY]]> Mon, 08 Jun 2009 09:27:16 -0400 77195 http://www.dreamteammoney.com/index.php?showtopic=77055
Unemployment data and jobs numbers from the Labor Department were hot on the front of the mind of traders on Wall Street today. (read more at Millennium-Traders.Com)

Economic data released today:

Nonfarm Payrolls:
U.S. May Nonfarm Payrolls down by 345K compared to consensus of a drop by 525K; U.S. May Manufacturing Payrolls fell 156K; U.S. May Service-Producing Payrolls fell 120K; U.S. Apr Payrolls revised to a drop by 504K from a drop by 539K; U.S. May Payroll Decline smallest since September 2008.

Unemployment Rate:
U.S. May Unemployment Rate 9.4% compared to consensus of 9.2%; U.S. April Unemployment left Unrevised at 8.9%; U.S. May Unemployment Rate highest since August 1983.

Average Hourly Earnings:
U.S. May Average Hourly Earnings rose by $0.02 to $18.54.

Average Weekly Hours:
U.S. May Overall Workweek fell by 0.1 Hour to 33.1 Hours.

Consumer Credit:
U.S. April Consumer Credit decreased $15.7B; March Consumer Credit revised to down $16.6B from down $11.1B; April drop in Consumer Credit marks fifth decline in six months.

At the NYSE closing bell on the New York Stock Exchange, here is how the major world indices and major U.S. stock indices ended the trading session on the world markets as well as the emerging markets including the stock market closing bell price:
DOW (Dow Jones Industrial Average) gain 13.05 points, EOD 8,763.29
NYSE (New York Stock Exchange) shed 28.13 points, EOD 6,082.63
National Association of Securities Dealers Automated Quotations (NASDAQ) shed 0.60 points, EOD 1,849.42
S&P 500 (SPX) shed 2.37 points, EOD 940.09
BEL 20 (BEL20) gain 6.3 points, EOD 2,069.32
CAC 40 (CAC40) gain 36.53 points, EOD 3,348.56
FTSE100 (UKX100) gain 49.58 points, EOD 4,436.52
NIKKEI 225 (NIK/O) gain 99.05 points, EOD 9,768.01

New York Stock Exchange (NYSE) stock market indicators for the trading session today:
Advanced stock prices 1,503, declined stock prices 1,562, unchanged stock prices 101, stock prices hitting new highs 27 and stock prices hitting new lows 6. NYSE quotes for volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the New York Stock Exchange stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: BHP gain 3.25 points, HOD $61.42, LOD $59.90, EOD $60.29; RTP gain 11.08 points, HOD $199.31, LOD $191.41, EOD $193.76; ESI gain 0.98 points, HOD $93.65, LOD $89.49, EOD $93.02; RTI gain 3.13 points, HOD $22.88, LOD $19.63, EOD $22.49; HBC shed 1.54 points, HOD $42.98, LOD $41.83, EOD $42.18; DD shed 1.68 points, HOD $28.50, LOD $26.40 EOD $27.03; MEE shed 0.08 points, HOD $24.83, LOD $23.25, EOD $23.83; SYT gain 0.64 points, HOD $50.91, LOD $49.87, EOD $50.24; COO shed 0.14 points, HOD $31.40, LOD $28.50, EOD $28.95; GES gain 1.56 points, HOD $29.40, LOD $27.44, EOD $28.60; PRU shed 1.11 points, HOD $43.69, LOD $40.44, EOD $40.95; CME shed 0.41 points, HOD $344.41, LOD $330.33, EOD $336.30; ICE shed 4.88 points, HOD $121.93, LOD $113.76, EOD $114.86.

National Association of Securities Dealers Automated Quotations (NASDAQ) stock market indicators for the trading session today:
Advanced stock prices 1,254, declined stock prices 1,474, unchanged stock prices 157, stock prices hitting new highs 52 and stock prices hitting new lows 7. NASDAQ quotes, volatile stocks and market trends, as well as stock quotes, stock prices and stock symbols of Day Trading Stock Picks on the NASDAQ stock market for Day Trading online and active Day Trading for those who are or would like to be Day Trading for a living: JOYG gain 2.15 points, HOD $40.92, LOD $38.97, EOD $40.51; BIDU gain 12.81 points, HOD $307.65, LOD $295.28, EOD $306.21; UAUA shed 0.11 points, HOD $5.12, LOD $4.90, EOD $5.01; FSLR shed 1.88 points, HOD $187.28, LOD $179.50, EOD $182.37; PMTI gain 5.79 points, HOD $18.94, LOD $11.74, EOD $16.75.

Market trends on the American Stock Exchange (AMEX) and stock market indicators for the trading session today:
Advanced stock prices 282, declined stock prices 260, unchanged stock prices 54, stock prices hitting new highs 9 and stock prices hitting new lows n/a.

Chicago Board of Trade Futures Market for the day, at time of this posting:
E-mini S&P 500 (ES) June 09: EOD 939.75; Change -0.75
E-mini NASDAQ-100 (NQ) June 09: EOD 1,492.75; Change -0.25
E-mini DOW $5 (YM) June 09: EOD 8,761; Change 31
E-mini S&P MidCap 400 (MF) June 09: EOD 595.70; Change -1.10
Nikkei 225 (Yen) June 09; EOD 9,850; Change 100

World Currencies for the Forex Market, for Forex Trading by active Forex Traders, at time of this posting:
Euro 0.7158 to U.S. Dollars 1.3970
Japanese Yen 98.83 to U.S. Dollars 0.0102
British Pound 0.6259 to U.S. Dollars 1.5976
Canadian Dollar 1.1184 to U.S. Dollars 0.8941
Swiss Franc 1.0855 to U.S. Dollars 0.9212

COMMODITY MARKETS:
Energy Sector - Nymex:
Light Crude (July 09) shed $0.37, EOD $68.44 per barrel ($US per barrel)
Heating Oil (July 09) shed $0.01, EOD $1.79 a gallon ($US per gallon)
Natural Gas (July 09) gain $0.06, EOD $3.87 per million BTU ($US per mmbtu.)
Unleaded Gas (June 09) shed $0.01, EOD $1.81 a gallon ($US per gallon)

Metals Markets - Comex:
Gold (August 09) shed $19.70 EOD $962.60 ($US per Troy ounce)
Silver (July 09) shed $0.51, EOD $15.39 ($US per Troy ounce)
Platinum (July 09) shed $7.10, EOD $1,286.20 ($US per Troy ounce)
Copper (July 09) shed $0.02, EOD $2.28 ($US per pound)

Livestock and Meat Markets - Chicago Mercantile Exchange (cents per lb.):
Lean Hogs (July 09) shed 0.50, EOD 60.08
Pork Bellies (July 09) shed 25, EOD 62.70
Live Cattle (August 09) gain 0.15, EOD 81.15
Feeder Cattle (August 09) gain 0.03, EOD 96.63

Other Commodities - Chicago Board of Trade (cents per bushel):
Corn (July 09) shed 4.50, EOD 444
Soybeans (July 09) shed 4.50, EOD 1,225.50

BOND MARKET:
2 year EOD 99 5/32, change -21/32, Yield 1.30, Yield change 0.34
5 year EOD 97 10/32, change -1 4/32, Yield 2.83, Yield change 0.31
10 year EOD 94 5/32, change -1, Yield 3.83, Yield change 0.12
30 year EOD 93 25/32, change -26/32, Yield 4.63, change 0.05

At the close of the week, performance results for our Moderators:

Stocks Trading Room:
Jeannie $2,223
Barry $4,943
Sam off
Scott $3,928
Marty $5,411

Futures Trading Room:
JT $930
Marco $2,047.50

Forex Trading Room:
JT $3,900

Daily Swing Trades:
Barry $2,560

Access upcoming scheduled economic data anytime by viewing the Economic Calendar from Millennium-Traders, free access to visitors on our website.

Visitors may subscribe to our free Weekly MarketNews for a review of the previous weeks trading news plus, view upcoming economic data scheduled for the week ahead.

Review current edition as well as, archives of the News & Commentary plus, view complete details of calls made in our Trading Rooms and stock picks from our Swing Trading service. Traders should review our FREE Monthly Trading Lesson posted on our website.

Thanks for reading
Millennium-Traders.Com]]> Fri, 05 Jun 2009 17:41:16 -0400 77055 http://www.dreamteammoney.com/index.php?showtopic=77048
The job report for May, which was predicted to show around 520,000 job losses, reported only 345,000.]]> Fri, 05 Jun 2009 13:01:33 -0400 77048