Archive for October, 2010
Just a month ago I predicted a global "Gold Rush" in the race to discover new sources of rare earth metals. Since then, America's main players in the rare earth game Molycorp, Inc. (MCP) and Rare Element Resources Ltd. (REE) have shot up in value.
Molycorp is up more than 32 percent Read the rest of this entry »
Election Day is just a few days away and while 2010 has been kind to income investors, this is one of the more important mid-term elections for dividend hunters in quit a while. And don't forget that Tuesday's election isn't the only big game in town next week. Perhaps even more important is the Federal Reserve's meeting just one day after the election.
The market's desired election outcome, Read the rest of this entry »
The U.S. isn't in the only game in town when it comes to important elections this year. In fact there's another election that ETF investors may want to keep an eye and that's Brazil's October 31st presidential run-off. It can be argued that the battle between the current administration's preferred successor, Dilma Rousseff and the more centrist Jose Serra should be over, but in the first round of voting earlier this month, a third party candidate pilfered enough votes from Read the rest of this entry »
What a relief! Typhoon Megi is losing strength and wheeling into the Chinese heartland, just as stock markets in China's coastal cities enjoy a new burst of sunshine.
Here in China there is a sense of renewed optimism and calm, after the G-20 finance ministers failed to put up a united front against China's currency policies. As U.S. Treasury Secretary Tim Geithner flew home from China Read the rest of this entry »
Read enough headlines about campaign contributions to candidates this election cycle and you might get the impression that big banks learned their lesson in 2008 and are not giving much to Democrats this time around. After all, this Congress and White House have really bitten the hand that fed them in 2008 and made life pretty miserable for big money center and investment banks. Not to mention the vocal criticism of high- Read the rest of this entry »
The global effort to prevent worldwide currency wars centers now on China, just as I and 21 other “China Stock Detectives” travel in through the mainland on our annual China Investor Field Trip.
Today, U.S. Treasury Secretary Tim Geithner is flying into Qingdao, China, to meet with Chinese Vice Premier Wang Qishan. Geithner may try to make peace with China after two weeks that have Read the rest of this entry »
These are go-go days for high-grade corporate bonds. For the issuers that is. The Federal Reserve's low interest rate policy has punished investors looking for yield from cash and debt instruments, but hey, if you're a company that wants to sell corporate bonds, your timing couldn't be better. What's the recipe for success for a blue-chip corporate bond issue? Take advantage of the current interest rate environment by selling bonds now and offer barely more in the way of yield than an investor would get from a CD.
Admit it. You know what's happening on November 2nd and if you're like most investors, regardless of political leanings, you're looking forward to turning on CNN or Fox to watch the returns trickle in from the dozens of governor's and Senate races and all 435 House races. It seems like every two years when a new election cycle rolls around, politicians from both parties tell us that this election is one of the most important in history. Read the rest of this entry »
China's stocks are once again enjoying their day in the sun. The Shanghai Composite Index is basking in the longest rally it has experienced in 11 months. What's next?
The key index is now less than 40 points from breaking the psychologically important 3,000 barrier. As you can see, Chinese stocks have enjoyed a substantial run since July when media were calling Shanghai the worst stock market in Read the rest of this entry »
One of China's star stock sectors is under fire and unlikely to emerge unhurt in the long run.
The Chinese green energy sector had been a top performer until this weekend. But politics got in the way. The sector has fallen victim to currency politics between Read the rest of this entry »