The Brief Daily Forecaster 18th September 2008 Bias: mixed - waiting for breaks The movements here have been very frustrating and given the complexity of the structure I feel we should hold back and wait for breaks. If there is to be any push higher again then the 1.0649 low should...

AUD/USD - Australian Dollar US Dollar, European Session - 18/09/08 0,7919. Go to Full Article

Stock Market Summary: SEC Restricts Short Selling To Prevent ... The Greatest Show on Earth: Stock Market Three-Ring Circus (Fed, Treasury, SEC), but anarchy ensues with no Ring Master! This statement issued by the SEC on short-selling rules is beyond belief. The lengths they are willing to...

Graphic Showing A Volatility Catastrophe Catastrophe may not be exactly the right word here, but I needed a title with which to introduce the graphic below, which is a ratio of the VIX (^VIX) to 3 month T-bill yield (VIX:IRX ratio). The chart goes back to beginning of the VIX ... Go to...

Meredith Whitney On Our Worsening Liquidity Crunch Ms. Whitney reminds us that as enormous companies fail, we lose liquidity, which puts further pressure on asset prices. She says that $3 trillion less liquidity is flowing through the market as compared to last year. ... Go to Full Article

Morgan Stanley Considering A Merger With Wachovia Concerns over the health of investment banks facing increased skepticism from investors about the outlook for the stand-alone broker-dealer business model, in the current frenzied environment have dramatically intensified. ... Go to Full...

For A Diversified Approach, Look At Alternative Energy ETFs The Dow’s (^DJI) taken a 2% hit in the past five days. Now what? By now you know that only two of the five major Wall Street investment banks are still in existence. Bear Stearns made its exit a few months back. ... Go to...

Panic And Opportunity Walking Hand-in-Hand MORE FINANCIAL DISTRESS AND GOLDEN GOOSE. NEWS: The markets were on the defensive from the time the opening bell rang and once again experienced a volatile trading session. When the closing bell rang the indices were sitting near the ... Go to...

Should Government Put A Cap On Company Size? It certainly feels like we have a “Domino Economy� doesn’t it? Which (of course) begs the question: might it be a good idea to place growth restrictions on certain companies, so that they don’t become so entrenched into the domestic (if ... ...

Japanese Service Demand Tops Expectations in July Japan’s service demand surprised to the upside as the Tertiary Industry Index rose 1.2% in July versus expectations of 0.5% increase. The service sector... Go to Full Article

Gold Posts Biggest 1-Day Gain Ever Gold prices exploded Wednesday-posting the biggest one-day gain ever in dollar terms-as fears of more credit market turmoil unnerved investors and triggered a flood of safe-haven buying. … ... Go to Full Article

Some ETFs Suspend Trading In Europe; Could It Happen Here? Trading in exchange traded productions known as exchange traded commodities (ETCs) was halted on Tuesday after market makers stopped offering prices in commodity securities backed by matching contracts from American International...

How Safe Is Your Money Market Fund? Investors looking for a safe place to stash their money while waiting out the turmoil on Wall Street and exchange traded funds (ETFs) might not be finding it in certain money market funds these days, either. ... Go to Full Article

Financial Account Standards Board’s Change In Accounting Standards ... If it were not so serious, it would be amusing. So many who generally believe in free markets and small government are suddenly unhappy whenever there is no government intervention. Whenever we hear a criticism like...

Tuesday: Daily Forex Market Summary EURO. The euro moved sharply higher vis-Ã*-vis the US dollar today as the single currency tested offers around the US$ 1.4275 level and was supported around the $1.4075 level. The common currency gained ground as traders reacted to the ... Go to Full...