Wednesday, May 7, 2014

Nasty Truth About The Stock Market Rally Since March 2009 / May 6, 2014
Today one of the legends in the business includes a fascinating guest commentary discussing the truth about the stock market rally since March 2009.  50-year veteran Art Cashin, who is Director of Floor Operations at UBS ($650 billion under management), also included a piece about American tapping into retirement savings.
May 6 (King World News) – “On this day in 1937, the world was stunned by a sudden accident that would change the way most people viewed how safe they were.  And, like many other such cultural shocks of the past it occurred in New Jersey.
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BNN Top Picks of Christine Poole: Loblaw L, Fluor Corp FLR , Home Depot HD

Christine Poole, CEO & Managing Director, GlobeInvest Capital Management

FOCUS: North American Large Caps

Market Outlook:
Equity markets continue to grind upwards, supported by positive corporate growth, a resilient global economy, accommodative monetary policy by central banks and more recently, resurgence in global merger and acquisitions activity. Mergers and acquisitions are being largely driven by U.S. corporations with big overseas cash hordes, the availability of cheap financing, rising corporate confidence in a sustainable economic recovery and pressure to maximize capital efficiency by activist shareholders. 

The negative impact of sanctions on the Russian economy, which accounts for less than three percent of global GDP, should not on its own derail the global recovery. However, the situation bears close monitoring as escalation of political tensions and actions by the Russian government could hamper the European recovery giving rise to risk aversion tactics. Nonetheless, equities continue to be the favoured asset class and inevitable market pullbacks will be used to increase exposure.
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FleetMatics Group PLC (NYSE: FLTX)

Fleetmatics Group PLC provides software-as-a-service fleet management solutions for small and medium-sized businesses worldwide. The company offers Web-based and mobile application solutions that provide fleet operators with visibility into vehicle location, fuel usage, speed and mileage, and other insights into their mobile workforce under the FleetMatics or SageQuest names. It serves owners and managers in the service and distribution industries that operate fleets of commercial vehicles. The company was founded in 2004 and is based in Tallaght, Ireland.
To review Fleetmatics’ stock, please take a look at the 1-year chart of FLTX (Fleetmatics Group PLC) below with my added notations:
1-year chart of FLTX (Fleetmatics Group PLC)
FLTX has formed a relatively clear down-channel chart pattern over the last (4) months. A channel is simply formed through the combination of a trend line support that runs parallel to a trend line resistance. When it comes to channels, remember that any (3) points can start the channel, but a 4th point or more confirms it. You can see that FLTX has several points of channel resistance and support (red).
Also, the stock has moved back above its key level of $30 (blue). This should lead to a run back up to the channel resistance, which is nearing $32.

The Tale of the Tape: FLTX has formed a common pattern known as a channel, in this case a down channel. The stock also has support at $30. A long trade could be entered on a pullback down to the $30 support, or on a break through the channel resistance, which currently sits near $32.
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Windstream Holdings Inc. (NasdaqGS: WIN) This $9 Stock Is Poised for a Big Move, Pays 11% Dividend

I know that you’ve been reading about the huge tech sell-off. And I’ll bet that a lot of the coverage you’ve perused has been emblazoned with such alarmist headlines as “the death of the Nasdaq” and “the end” of the tech bull market.
Well, I’m going to let you in on a secret.
Investors haven’t stopped buying tech stocks.
They’re just buying different tech stocks than before.
In essence, what’s happening is that the big-money investment pros are shifting out of the high-flying “momentum” stocks that have led the Nasdaq Composite Index higher over the last two years. And they’re shifting into more value-oriented tech issues – especially the companies that offer solid growth augmented with a nice dividend. (more)

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ECONOMIC COLLAPSE 2014 -- Doug Casey : No Way Out-Stock, Bond and Real Estate Markets Will Collapse

Doug Casey of predicts, "When interest rates inevitably go up from these artificially suppressed levels where they are now, the bond market is going to collapse, the stock market is going to collapse, and with it, the real estate market is going to collapse. These pension funds are going to be wiped out. Then what's going to happen? This is a very bad situation. The U.S. is digging itself in deeper and deeper."

"There's no way out," according to Casey. He explains, "It means, in the real world, there is cause and effect. Actions have consequences . . . . What could happen? You could have lots of bank failures. You could have a stock market crash. All this money that the government has created has bulled up the stock market to new highs. So, the next step is likely to be down." 
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