Jun 03
2009
No Penalty Certificate of Deposit - Ally Bank
Filed Under (Investor News) by Admin on 03-06-2009
[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).]
Jun 02
2009
Hong Kong Hang Seng: Strong upward momentum
Filed Under (Finance Help) by Admin on 02-06-2009
No market in the region shows very strong bullish sentiment like in Hong Kong. The equity market continues to make new highs and breaking a few technical resistances in a month. The HSI closed at 18,171.00 points at the end of May, surging 21 percent in a month. So far, the HSI has climbed 60% from the low in March this year. Investors are confident about the recent economic developments which are expected to improve its economy.
The HSI becomes very bullish once it broke the 15,900 points resistance level. There was no major pullback in the current uptrend rally despite being overbought for weeks. Investors and traders are picking up stocks at slight pullbacks are most of them do not want to miss the current wave. The momentum indicators are indicating strong upward momentum which means that there is a high chance that the HSI testing the next resistance level at 19,150 points, a 38.2 percent Fibonacci retracement level from the longer term bearish trend since October 2007. Immediate support level is at 17,680 points while stronger support level is at 15,700 points.
Jun 02
2009
Singapore STI: Likely to test next resistance level at 2,400 points
Filed Under (Finance Help) by Admin on 02-06-2009
Market sentiment and confidence in Singapore seems to be getting even stronger by breaking the 2,000 points resistance level and closing at a 7-month high. The benchmark FTSTI closed at 2,329.08 points at the end of May. The index has climbed 56.8 percent from the low in March. Market continues to be bullish despite weaker technical indications. Investors are responding to recent economic developments both locally and internationally. Total manufacturing output of Singapore in April rose 24.7 percent on month.
The next resistance the benchmark index would most likely be at 2,400 points, the 38.2 percent Fibonacci retracement level from the longer term bearish trend since October 2007. There were no major correction from the current bullish trend and the market is climbing exponentially. The momentum indicators are still in divergence which means weaker up trend but there is a high change of the index testing the Fibonacci retracement level above. There has to be more positive catalysts to push the market beyond this level. Support level is currently at the previous resistance level at 2,000 points.
Jun 02
2009
Will the United States Collapse?
Filed Under (Investor News) by Admin on 02-06-2009
[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).]
We, Americans, are going through hard times. Several thousands of us have lost our jobs, the economy is in recession, the market is down and no one knows when things are going to look up. Amidst all these events, a Russian academic, Igor Panarin, has been predicting the U.S. will fall apart in 2010. Well earlier when things were okay no one believed him. But now people are taking notice. Check out his map which shows a disintegrated America.
[Please click on the image to Zoom In]
[Please click on the image to Zoom In]
Jun 01
2009
TIPS for Inflation and Deflation
Filed Under (Investor News) by Admin on 01-06-2009
[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).]
What are TIPS?
Treasury Inflation Protected Securities (TIPS) are a special type of note or bond issued by the US Department of Treasury. TIPS made their debut on Jan 29, 1997 as investment instruments whose main function was to provide protection against inflation. The principal is linked with the rise and fall of consumer price index, a commonly used yardstick for inflation. Like any other treasury bond, interests are paid semi-annually and the adjusted principal is repaid on maturity. But here, the principal is automatically increased to negate the effects of inflation. And the interest is calculated on the inflated principal rather than the original principal. Thus TIPS provide a means to achieve “real” return over an investment horizon and a guaranteed protection of purchasing power.