What a move that was! Over 300 points in the Dow Jones Industrials in one day- a move not seen since 2003! But are we officially entering the Santa Claus rally? Can we really trust the move? Well, let me give you my take: this time it's a "Yeah, Baby!"

UBS AG (UBS) is skyrocketing in Europe following reports that various Asian, Russian and Middle Eastern groups are targeting undervalued European banks hit hard by the subprime mess. In addition, Credit Suisse (CS) raised the UBS ratings to Outperform fro

Arab petroleum dollars, coming from the record oil prices, are increasingly flooding the U.S in terms of recent international movements of overwhelming capital from Middle East back into the U.S assets. Arab states, flooded by the deepest long-las

Hi everyone! Wow! I know I haven’t posted in a while, and I haven’t touched my portfolio in a while either, but I haven’t expected this huge hit on my position ranking and my posting stand in just one week. I guess that’s what happens when you

Brag, brag, brag, But really, that’s not the reason of this write-up. I just wanted to point out the significance and obviously visible (predictable) trendS that showed up when I mentioned a temporary top in gold, and the slide down from there (see

Merrill Lynch (MER) might be on a mark to regain its repute as a prominent powerhouse. It is expected that NYC CEO, John Thain, will become the brokerage’s new CEO. Right now, there is a “secret” meeting that everyone is talking about at NYX, with a

The week after Thanksgiving is usually a set up for higher markets. Shopping season’s kicking in, inflation, employment and GDP reports are out, consumer sentiment and spending numbers are out in the open, oil and gasoline inventories stable to up, hous

As weeks and months passed by, and even as today’s trading day progresses, we keep hearing about the troubles of our financial institutions, brokerages, banking and other financial institutions troubles to come. Worries about further write-downs by bank

As we pointed out, oil and gold had to sell of here. It was just painted on the wall, as we saw in our paintings (charts) last week. Nice thing about it though is that there is no immediate support below. For example, let's look at the oil first

Bernanke spoke today…again, and warned that the economy is facing further risks from the tumble of the housing market, subprime worries, and credit crunch. But one important thing that dominated in this testimony is a concern about the possible su