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Today's News and Commentary
Thursday, August 14, 2008

MARKET COMMENTARY

Market Commentary Richard Suttmeier Sector Report, Small Stocks

August 14, 2008 - Market Overview   The Yield on the 30-Year Bond – Annual support is 4.975 with daily, quarterly and monthly pivots at 4.620, 4.628 and 4.593, and semiannual, weekly quarterly and semiannual resistances at 4.489, 4.393, 4.191 and 4.107. The 30-Year remains cheaper than its 200-day simple moving average at 4.515.   Comex Gold – Daily, semiannual and annual supports are $801.7, $796.5 and $729.5 with quarterly and semiannual pivots at $881.9, $921.7 and $938.2, and weekly and monthly resistances at $961.1 and $1034.4. Gold is now lower year to date and has... More...

ENERGY

Inventory Drop Fuels Price Spike Jim Brown Option Investor Daily, Leaps Trader

 
U.S. crude inventories fell by -400,000 barrels for the week ended August 8th according to the Energy Information Administration. This was double what analysts expected but not really the cause for the spike in prices.
 
Distillates inventories fell -1.8 million barrels when analysts were expecting a build of 1.7 million barrels and gasoline inventories fell by -6.4 million barrels. That was far in excess of the 2.1 million barrel expected decline. Refinery utilization fell to 85.9%.  
 
Analysts claim tropical storm Edouard slowed imports... More...

DIVIDEND

Why Too Much Ownership Can Backfire Judy Alster 21st Century Investor

And on the off-chance you too are wondering why wind power isn't taking off faster or why certain drugs are not getting developed, a new book, The Gridlock Economy, by Columbia law professor Michael Heller, should clear things up, although not make you feel any better. Clearly, when there's no individual ownership, individual self-interest ends up depleting resources — overfished oceans are one example — and ultimately making everyone worse off. But too much individual ownership creates its own problem, namely gridlock. When too many people own individual parts of a valuable... More...

HEDGEFUND

Hints, tips and handcuffs Maurice Barnfather Big Money Watch, Insider Moves

To many investors, insider trading remains one of those sins covered only by the eleventh commandment: thou shalt not get caught. Indeed, in much of the world, it is only recently that feathering your nest by trading on privileged information about a company has been seen as a crime. America banned most forms of insider trading in 1934 – though enforcement since has often lacked vigor – but it did not become illegal until 1980 in Britain and 1994 in Germany. During the 1990s, the number of stock markets on which insider trading is a crime soared from 34 out of 79 markets to 87 out... More...