Stocks March 10, 2010

Posted on | March 10, 2010 | No Comments

• Griffon Corp, a Very Rugged Cockroach
  So simple and so crude – yet so very effective. The cockroach is hard to kill and fit for any environment. In markets, we also have cockroaches. One of the types would be the holding company with lots of cash…
• US Economy is Some 11 Million Jobs Short of Full Employment
  But February saw an unexpected upturn in consumer credit, reports the Times. And unemployment seems to have bottomed out, adds The Wall Street Journal.
• Shadow Banking System: A Murky World of Credit, Securitisation and Derivatives
  Most of these are interest rate and credit derivatives. As we learned in the last two years, the big risk here is to institutions which owe and own these obligations amongst one another. In our view, the degree of interconnectedness among these obligations (they still aren’t unwound) still makes the entire global financial system vulnerable…
• Why The SEC Sued Me – And Why You Should Care
  When most people are sued by the SEC, they do their best to put the matter behind them – as quickly and quietly as possible.
• Gold is in a Real Bull Market
  There are a few old gold bugs around. But the public is not yet talking about gold.
• Global Illness of Too Much Debt has Been Remedied by More Debt
  But more importantly, the share market is at risk now for a big fall as it was in the middle of 2007 when the Bear Stearns story broke. Since then the perimeter of global markets has gradually been overrun by the forces of wealth destruction.

Eco 1: Strong Confidence, Conditions

Posted on | March 10, 2010 | No Comments

Australian Stock Review, Eco 1: Strong Confidence, Conditions, http://au.biz.yahoo.com/financenews/htt/air.xml

Eco 2: Jobs Surged Last Month

Posted on | March 10, 2010 | No Comments

Australian Stock Review, Eco 2: Jobs Surged Last Month, http://au.biz.yahoo.com/financenews/htt/air.xml

Disaster Claims Rise For Insurers

Posted on | March 10, 2010 | No Comments

Australian Stock Review, Disaster Claims Rise For Insurers, http://au.biz.yahoo.com/financenews/htt/air.xml

Tomorrow’s Guest: The Folks from Benzinga

Posted on | March 10, 2010 | No Comments

Tomorrow we have a special guest from Benzinga.com  Here is a little background information about their services:

What Is Benzinga.com?

Benzinga is an innovative news and analysis service that focuses on global markets. Benzinga prides itself on providing original, accurate and timely global financial content every day. The service features content from industry experts and experienced analysts while also covering the news of the day.

Questions for the interview can be emailed to ironaction@yahoo.com

Check out their site here http://www.benzinga.com/

2 O’clock Daily Recap

Posted on | March 10, 2010 | No Comments

2 O’clock Daily Recap for 3/9/10

- Added INTC 200 @ 21.09
- Sold AMTD 500 @ 18.78 +.75 all out would buy on pull back time to start taking profits
- Sold last 200 AMX @ 47.33 all out. +1.82
- Sold AMTD 500 Shares (Half Position) @ 18.75 +.72 Holding 500 for now would consider selling also today
- Sold last of BBY 200 @ 39.17 held from a a January purchase 41.13 -1.96
- Sold S 3000 @ 3.59 Holding 3k +.11
- Added IR 100 @ 34.01 total 200 shares
- Sold SY 300 @ 45.80 from overnight hold + .90 Holding 300 shares
- Swing Trade Alert: Bought 400 DOLE @12.08 first position
- Sold 300 AMX @ 47.12 + 1.62 Down to just 200 shares
- Bought IR 33.86 100
- Added 300 INTC @ 20.75

Today’s Guest: Mark Hodge

Posted on | March 10, 2010 | No Comments

Mark Hodge from Rockwell Trading will be doing an interview with Day Trader Rockstar at Noon today.  Here is Mark’s site if you want to check it out.

http://www.rockwelltrading.com/?ref=233

Here is an E-Book that they provide.

http://www.rockwelltrading.com/free-ebook?ref=233

Australia dollar holds firm, helped by strong data

Posted on | March 10, 2010 | No Comments

SYDNEY, March 9 (Reuters) – The Australian dollar brushed aside early softness to edge back toward six-week highs on Tuesday as strong domestic economic data fuelled expectations interest rates would rise again in the next month or two.

Australia shares eke out 8th day of gains; data helps

Posted on | March 10, 2010 | No Comments

MELBOURNE, March 9 (Reuters) – Australian stocks finished 0.25 percent stronger on Tuesday, marking the 8th straight session of gains, after strong business confidence and job ads data encouraged investors that the recovery was on track.

Australia shares edge higher after strong data

Posted on | March 10, 2010 | No Comments

MELBOURNE, March 9 (Reuters) – Australian stocks finished 0.25 percent stronger on Tuesday, marking the eighth straight session of gains, after strong business confidence and job ads data provided further evidence the recovery was on track.