Welcome Guest ( Log In | Register )

 
Reply to this topicStart new topic
The Financials Review For The Week Of July 25, 2011
pitgurufk
post Jul 25 2011, 06:41 PM
Post #1


New MoneyMaker
*

Group: Member
Posts: 10
Joined: 11-July 11
Member No.: 323,866



The Financials Review
For the week of July 25, 2011


By Frank LaMantia


Again, the top news is the debt ceiling issue. Congress will be bickering over tax hikes, take breaks, and slashing the budget. The one thing both Democrats and Republicans can agree on is that a budget deficit and long term plan is needed to keep the United States from being downgraded in the future. For the short term, the debt ceiling has a date of August 2 and the ceiling supposedly needs to be raised or Standard & Poor's will downgrade the U.S. debt from AAA. What happens if China does not get paid? Waiting until the deadline may not be the smartest thing and it shows a weakness in the egos of our government officials. The market is selling off in the premarket today, the S&P down over 11 points and the Dow is down 100 points. The chance of default in this trader's opinion is low and the market should bounce back quickly by midweek. Is August 2 the real deadline? How do we know?

Netflix is not sharing as much information as in the past, which has Wall Street concerned. The company announced that in 2012 it will not report gross subscriber additions and subscriber costs. This has analysts concerned because at this point it is difficult to see how much growth is left in the company. CBS believes its revenue will increase because of its content deal with Netflix. The company also said that it may have a deal with Amazon on content in the near future. TD Ameritrade is thinking about purchasing rival E*Trade Financial, which does not mean the company will take an offer. Citadel, the online company's biggest shareholder, has insisted that it look to sell its business.


*Chart courtesy Gecko Software’s Track n’ Trade Pro
Past performance is not necessarily indicative of future results.

Disclaimer: Past performance is not indicative of future results. Trading futures and options involves substantial risk of loss and is not suitable for all investors. Fundamental factors, seasonal and weather trends, daily news, and other current events may have already been factored into the markets. The use of stop loss or contingent orders may not protect profits and may not limit losses to the amount intended. Certain market conditions make it difficult or impossible to execute such orders.


--------------------
Go to the top of the page
 
+Quote Post
Paid Advertisement
 
Go to the top of the page
 

Reply to this topicStart new topic
1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
0 Members:

 

Skin designed by IPB Forum Skins

FEATURED AD - NEW STATIC AD



Advertise on MMG Today!


Advertisement