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Sunday, November 30, 2008 

Stock Picks and Trade Ideas for the week ahead - DLTR, AAPL, FSLR, ADP

Chart courtesy of www.stockcharts.com ( click to enlarge )

ADP - Traders should be cautious at current levels. Initiate long position when the stock breaches $41.66. From the technical chart it looks like the slide has ended and the stock is now back on the rise again with K line on top over D line and MACD above the sell line. Fresh buying may be considered on a move past $41.66, with a stop-loss at $39.12.

Chart courtesy of www.stockcharts.com ( click to enlarge )

FSLR - After a sharp upward move, I think the stock will start a new corrective phase. Although KD show positive sign with K line rising on top of D line, this is not yet the time to buy as the stock is still weak as 50 and 200 day moving averages are still falling and the stock is still on downtrend. The stock is likely to seek lower levels in the coming week. A drop to the $120-118 range appears likely while a close below $117 could lead to a much more prolonged corrective phase.

Chart courtesy of www.stockcharts.com ( click to enlarge )

AAPL is still finding it difficult to move above its 20-day moving average. Fresh buy should be initiated only when the stock moves above this line of resistance now at $94.62.

Chart courtesy of www.stockcharts.com ( click to enlarge )

DLTR - The stock broke out this week on pretty good volume. If this chart does what is supposed to do, it will be going higher in the weeks to come. At the moment, there is no reason to sell the stock. Hold with a stop-loss at $40.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you Monday !!

AC

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Wednesday, November 26, 2008 

Stock Picks and Trade Ideas for Friday - NOVL, RFMD, ESLR

Chart courtesy of www.stockcharts.com ( click to enlarge )

ESLR made a strong upside reversal today. The technical chart above suggests that stock might find now resistance at $2.98. Only a close above this level would suggest further upside. Remain invested with a stop loss at $2.50.

Chart courtesy of www.stockcharts.com ( click to enlarge )

RFMD - Technical chart shows bullish sign with K line on top of D line and MACD on top of signal line. A decisive break of the 20-day moving average at $1.49 on heavy volume, and, we could be looking at RFMD testing its resistance level at $1.50 and $1.75 respectively.

Chart courtesy of www.stockcharts.com ( click to enlarge )

NOVL - Over the last 52 weeks the stock has ranged from a low of $2.49 to a high of $7.59. Technicals have turned bullish signaling sideways to higher prices possible in the near term. Next targets for the stock are $4.61 ( 50 DMA ) and $4.86. Only a close above $4.86 reverses the current downtrend. Let's keep an eye on it.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you tomorrow !!

AC

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Tuesday, November 25, 2008 

Stock Picks and Trade Ideas for Wednesday - RMBS, MSFT, RIMM

Chart courtesy of www.stockcharts.com ( click to enlarge )

RMBS - The stock was brought down pretty severely on low volume over the past weeks.Today the scenario was a bit different, with the stock surging sharply after the Federal Trade Commission filed a petition with the U.S. Supreme Court asking it to overturn an appeals court ruling in favor of Rambus. Looking at the technical daily chart now, it shows the stock is due for recovery as MACD is near the neutral zone 0 and K line is on top of D line. Although both 50 day and 200 day moving averages are falling, the rising KD shows the stock is probably now in recovery mode. I think the stock will be heading higher. I would look for $7.85.

Chart courtesy of www.stockcharts.com ( click to enlarge )

MSFT - The stock needs to close above its 20-day moving average on a daily basis in order to mitigate the negative near term view. If the stock fails to move above this level, it can decline to $19 or $18.61 over the next days.

Chart courtesy of www.stockcharts.com ( click to enlarge )

RIMM - There has been a persistent decline in this stock since August tempered with short-lived and unconvincing rallies. From the technical chart the long term trend is still weak as the stock is still below 200 day moving average with the moving average keeps falling. The stock needs to close above $46.58 in order to alleviate the negative near term view. If the stock fails to move above this level, it can decline to $40 area.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you tomorrow !!

AC

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Monday, November 24, 2008 

Stock Picks and Trade Ideas for Tuesday - CREE, GOOG, WMT

Chart courtesy of www.stockcharts.com ( click to enlarge )

WMT is facing strong resistance at the level of $53.84 ( 20 day-moving average ), and despite repeated attempts, it has failed to penetrate the resistance level decisively. If the stock moves above this strong resistance, more upsides up to $55.30 will open up. However failure to do so and break below the recent bottom support of $50 will have major bearish effects. Stay tuned on it.

Chart courtesy of www.stockcharts.com ( click to enlarge )

CREE is currently in the third leg of the short-term bear market that began in middle of September. This down move has been halted around $14 area. But a fall below this support will force the short-term picture considerably. An exit is recommended if the stock moves below this support.

Chart courtesy of www.stockcharts.com ( click to enlarge )

GOOG - This stock is trying to steady itself around the support at $250. A fall below this level will make the short-term outlook negative again and it will pave the way for a fall to $200. Hold the stock with a stop at $247.30.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you tomorrow !!

AC

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Download videos from YouTube

Hello folks !!! Here is another great application to download videos from YouTube platform. CatchYouTube ! Here you have a free online service that allows you to download and convert the original file in mpg, mov, 3gp, dvd, mp4, mp3 and other formats. Oh you don’t need to install anything in your system. So, go to this website and start now to download your favorite videos.

Website: CatchYouTube.com

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Saturday, November 22, 2008 

Stock Picks and Trade Ideas for the week ahead - AMD, SNDK, RIMM, MSFT

Chart courtesy of www.stockcharts.com ( click to enlarge )

MSFT - The stock surged more than 12 percent in Friday trading, accompanied by a strong volume expansion. A break above $20.51 would turn this chart bullish and a move below $18.61 would put the bias back with the bears. Technically, the chart is showing weakness as both 50 day and 200 day moving average are still going downward. In addition, MACD is still under 0 indicating bearish trend. Wait for a break above $20.51.

Chart courtesy of www.stockcharts.com ( click to enlarge )

RIMM continues to channel down since September and only a move past $46.73 would impart a positive trend. Resistance is at $46.73 ( 20-day moving average ), followed by $48.65. The support is at $41.31. Some indicators are improving but it needs to breakout above the $48.65 resistance to confirm the change in trend.

Chart courtesy of www.stockcharts.com ( click to enlarge )

SNDK - It's hard to believe but the share price is falling nearly 75% since mid-September. The technical chart looks oversold short term. A move higher on Friday of more than 5% showed some life. A move above $6.15-6.30 would make things interesting short term. Based on the latest earnings report, I would keep a tight stop on any long position.

Chart courtesy of www.stockcharts.com ( click to enlarge )

AMD's stock is like a falling knife, it keeps falling and falling, and soon the stock will be under $1. Technically the chart looks horrible, and I would not be too surprised to see the break below $1.62 during the next week. Never catch a falling knife in this market !!!

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you Monday !!

AC

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Thursday, November 20, 2008 

Fears of recession hit stock markets worldwide

Stocks slumped worldwide, one day after the FED said the country's gross domestic product could be flat or grow only marginally this year, and might shrink in 2009. According to FED report the positive economic growth is only likely to return in 2010 and predicted further interest rate cuts might be necessary. This news triggered a series of falls in all markets, with European and Asian markets being the most aftected by this tough sentiment. Since the start of the year more than $32 trillion has been erased from the value of global equities as the financial-market turmoil pushes countries from Europe to the U.S. and Japan into recession. People everyday are looking for any kind of positive news to justify the idea of a bottom but there are no positives out there. Whether it's commodities or equities, everything seems to be on a downturn far from a bottom. I never saw something like this, no one cares about the fundamental of the companies, the way is just one "SELL everything".

Chart courtesy of www.stockcharts.com ( click to enlarge )

SCHW - The stock has been in a steep decline since September, falling more than 45% from its highs near $28.65 per share. The chart pattern does not inspire confidence and the stock could continue its downward trajectory. In addition, the daily price chart also shows a dead cross where the 50-day moving average crossed below the 200-day moving average, signaling the beginning of a bear market trend. With this in mind, any rally attempt must be considered a bear market corrective rally and not the start of a new bull market trend. Thus, the major direction of this stock is still in the downward direction. Short-term resistances are at $16 and then $16.99.

Chart courtesy of www.stockcharts.com ( click to enlarge )

PCLN was one of the most resilient stocks in the US markets up to June. But the vertical plunge since then has decimated the stock and it is currently trading near its 52 week low at $45.15 recorded this month. The technical chart above shows the stock has been testing the strong horizontal resistance of $58 (on 3 separate occasions) this month. Today, the stock failed again to surprass this key level and the volume traded was quite large, which may be a indication that is too early to break this resistance. The stock is now vulnerable to a drop to the $47-50 range. Remain invested with a stop loss at $50. Only a move past $59.27 would impart a positive trend.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you tomorrow !!

AC

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Wednesday, November 19, 2008 

Stock Picks and Trade Ideas for Thursday - COGT, BIDU, CIEN

Chart courtesy of www.stockcharts.com ( click to enlarge )

BIDU is looking like it has some more room to the downside here. The near-term outlook is very bearish and the stock could drop to the $98-100 range. The technical chart shows very bearish sign with the stock below its major moving averages. In addition other technical indicators such as MACD and KD also show sell signal as MACD is below signal line and K line is dropping below D line. Since the stock is still on a down trend with MACD below 0 there is no reason for the long player to buy the stock.

Chart courtesy of www.stockcharts.com ( click to enlarge )

COGT - The chart broke out of a great looking bullish trading channel with a short term price target near $12.38/share. Technical chart shows bullish sign with K line on top of D line and MACD on top of signal line.

Chart courtesy of www.stockcharts.com ( click to enlarge )

CIEN - The stock is out of control and in a clear downtrend mode. The stock made a new 52 week low of $5.55 today. Looking at the daily technical chart above, we can see the stock still showing bearish sign as the stock is trading below the 50-day moving average and the 200 day moving average with both moving averages going downward. The other technical indicators such as MACD and KD also show sell signal as MACD is below 0 and K line is below D line.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you tomorrow !!

AC

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Tuesday, November 18, 2008 

Stock Picks and Trade Ideas for Wednesday - HPQ, JDSU, DIS

Chart courtesy of www.stockcharts.com ( click to enlarge )

HPQ shares surged today after solid 4Q outlook. Hewlett-Packard expects earnings of 84 cents per share and adjusted earnings of $1.03 per share for the three months ended in October. From the technical chart the long term trend is still weak as the stock is still below 200 day moving average with the moving average keeps falling. However the stock may be in a rally for the short term as K line has crossed on top over D line. The stock needs to close above $34.18 in order to alleviate the negative near term view. If the stock fails to move above this level, it can decline to $30 again.

Chart courtesy of www.stockcharts.com ( click to enlarge )

DIS - The stock closed moderately higher today. A close above the recent high at $20.98 would reconfirm the current short term uptrend and forecast a test of congestion resistance near $21.25, while a close below support near $20 would predict a test of recent lows in the 19.58 area. The previous support now resistance ( $21.25 ) needs to be surpassed for the medium term outlook to turn positive again. The technical daily chart above shows the stock is in a weak bear market as the stock is below 50 and 200 day moving average and both moving averages kept falling. In addition MACD is also weak as MACD and signal line are below and are declining.

Chart courtesy of www.stockcharts.com ( click to enlarge )

JDSU - There has been a persistent decline in this stock since August tempered with short-lived and unconvincing rallies. Since there are no signals of the stock having reversed yet, I recommend staying away from JDS Uniphase at current levels. Re-investing in this stock can be considered on a daily close above $3.35.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you tomorrow !!

AC

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Stock Picks and Trade Ideas for Tuesday - BAC, C , JPM

Chart courtesy of stockcharts ( click to enlarge )

JPM - Today the stock made a new 52-week low. The trend is bearish in the short-term with the RSI and Stochastic indicators both crossing below their respective sell zones to give early bearish signals. Only a close close above the recent high near $34.87 would predict a test of downtrend resistance at $37.31. The downtrend continuation scenario remains slightly more likely at the moment.

Chart courtesy of stockcharts ( click to enlarge )

C - The near-term trend is very bearish and any close below $8.75 will confirm the weak outlook. Only a move past $10.11 would impart positive trend. Technical indicators are bearish as MACD momentum and histograms trend lower in negative territory and RSI holds near recent lows in oversold territory.

Chart courtesy of stockcharts ( click to enlarge )

BAC - The stock has been on a major downtrend in the recent weeks. The trend is clearly Bearish for the short term. Only a close above $18.04 would trigger positive sentiment. There is no reason to buy the shares at current levels. I think it will make new lows tomorrow.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you tomorrow !!

AC

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Monday, November 17, 2008 

Japan technically in Recession

The economy of Japan, the second largest in the world, behind the U.S, unexpectedly contracted in the third quarter. According to the Japanese Institute of Statistics, the country's economy contracted to an annualized rate of 0.4% in the third quarter, surprising economists that pointed to a slight growth of 0.1% in same period. The prospects for future are not good. The contraction may even widen, as the global crisis hinders exports and forcing companies like Toyota and Canon to revise downwards estimates of results and reduce investment. It's hard to believe, but we can see the Japan economy slowing more and entering in the biggest recession of the last decade, as the crisis overseas grows.

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AC Investor's Blog Rocks !!!

I can't believe that AC Investor Blog had the best traffic week ever since I launched and told the world about it. Blogging has become a hobby for me, no one trader can negotiate while blogging. Since started this blog I never imagined that someday I would look to Sitemeter button over in the right column and see more than 1,400 visits in just one day (this past Tuesday hit yet another record), it was a bombastic surprise for me. The traffic coming from different parts of the globe, and there is no particular post that brought this huge amount of people to here, it's the entire quality content that started to build up the traffic. Quality content produces curiosity and as a result traffic. Whatever the case is, I had the best traffic day ever and all of the benefits that come with it. Become a professional blogger is not my ambition, I just want to share with others what I think and when I can, this is my blogging philosophy. I have a day job. Blogging has become a hobby but as a hobby full-time posting is nearly impossible for me. To be a successful blogger you need a lot of luck. But what you can control is quality, interesting, well written content. More sooner than later your audience will arrive just be patient, like I had. If you're an advertiser the numbers speak for themselves. 6734 visitors from Saturday to Friday and more than 7500 page views !!! AC Investor's Blog Rocks !!!

Thanks again for all the support.

AC

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Saturday, November 15, 2008 

The financial world is moving in quicksand

The worst news of the week, Europe in recession !!!!

The economy of the eurozone entered a recession for the first time in 15 years. The GDP in the 15 euro nations shrank 0.2 percent from the previous three months, when it also contracted 0.2 percent, the European Union's Luxembourg-based statistics office said today. The two quarters of contraction, the result of this year's surges in the cost of credit, the euro's rise and oil's jump, inevitably marked the first recession since the Euro was introduced almost a decade ago. Even without a magic ball in front of my eyes, it's clear that Europe and other countries will surfer the deepest recession since 1929. The ECB last week lowered its benchmark rate by a half- point to 3.25 percent, but it is not enough, BCE must cut the rates immediately to 2% or less. The economic climate is extremely difficult in many sectors and the first victims of this slowdown were the Automobile Manufacturers, with the dramatic drop in sales.. According to the European Automobile Manufacturers' Association the European car sales plunged almost 15 percent in October, the sixth monthly decline, and nobody sees positive signs to stop the fall. The financial world is moving in quicksand. Please find below more Trade Ideas for the week ahead.

Chart courtesy of stockcharts ( click to enlarge )

SUN - The stock closed higher Friday, reconfirming the new uptrend after the recent break above the major resistance on expanding volume. Looking at the daily technical chart it shows very bullish sign as the stock is back on top of 50 day moving average. In addition K line is still above D line and MACD above 0, showing bull market. At the moment, it is still possible to see the stock advance a bit further from here, although the resistance at $40 is quite strong and any downturn below $34.60 would probably mean that the highs are already in place. Stay tuned on Sunoco.

Chart courtesy of stockcharts ( click to enlarge )

GOOG - After a sharp upward move on Thursday, the stock failed to close above the major resistance at $310.30 in volatile trade. Technical indicators remain bearish with MACD momentum moving lower in negative territory and RSI trending lower in negative territory. A close below support at $300 will reconfirm the medium-term downtrend and forecast more losses, while a close above resistance in the $312 area would predict a test of congestion resistance near $325.

Chart courtesy of stockcharts ( click to enlarge )

JDSU - Seems like a falling knife scenario to me. Don’t buy it on the way down. The stock could really be near the bottom right now, but it is near impossible to predict the absolute bottom. Any close below support at the long-term low at $2.95 will reconfirm the long-term downtrend and forecast substantial additional losses. The downtrend continuation scenario is now more likely.

Chart courtesy of stockcharts ( click to enlarge )

FSLR - The short-term outlook for First Solar remains bearish and a drop to the $105-110 range appears likely. Short positions may be considered with a price target of $105.50 and a stop-loss at $124.97.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you Monday !!

AC

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Thursday, November 13, 2008 

Stock Picks and Trade Ideas for Friday - CNQR, JNPR, CSCO

Chart courtesy of www.stockcharts.com ( click to enlarge )

CSCO - The stock is making low highs and lower lows since beg October, even though there has been a nice bounce today, this no means that a reversal might occur. Technicals are oversold and remain neutral to bearish signaling sideways to lower prices in the near term. The stock needs to cross and close above its 20-day moving average at $17.48 to turn the trend bullish. Keep an eye on Cisco for a possible reversal.

Chart courtesy of www.stockcharts.com ( click to enlarge )

JNPR - The daily chart shows that the stock made a new low for the year today at $14.20. Technicals are oversold but remain neutral to bearish signaling sideways to lower prices possible in the near term. Only a close above $17.73 ( 20-day moving average ) will confirm the short term low for the stock. I'm looking for a good trade if the prices close above this level. In the short-term expect a push to $17 promptly. Failure would prompt downward support in $16 range, then $15.27.

Chart courtesy of www.stockcharts.com ( click to enlarge )

CNQR - The stock broke down trendline resistance with good volume over the last two days. For now, expect a run up to next resistance area around $26. If the stock is able to cross it and sustain above it, then it might go to $32.78. Support lies around $23.93.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you tomorrow !!

AC

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Photoshop - Free PSD files

Hello Folks !!! Photoshop is the best friend for those that want to do digital art. This application can do amazing things, well, it can do much anything. For new Photoshop users it’s always a new experience using this tool and that’s why they search for total lack of wizards. So, for those new Photoshop users (or not) I have for all you a website that has a fantastic collection of links to download psd files. Downloading a psd file you can open on Photoshop and learn how to do a drawing/picture through it. The website is in Spanish language, but don’t worry, you only need to click on the link below images to get the psd files. Check this out!

Website: www.frogx3.com

AC

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Have you ever seen a hummer like this?

Hello Folks !!! Have you ever seen a hummer like this? I suppose not, but someone took these pictures last week somewhere in Britain and sent me by email last night. It’s real not a fake. Everybody recognize Hummer’s on the street due to its strong presence and noise, but what people don’t know is it can be customized with wood wheels like pictures show.

Frankly speaking, I don’t know how this is possible, and how can these wheels support the weight of this little monster. I’m wondering how its suspension is setup! I think only a crazy guy can drive this car! Is this a sign of the crisis?

AC

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Free iPhone Backup application

There are a lot of helpful tools out there on the Internet that is becoming difficult for bloggers choose the best one to share with readers. For today I chose IDrive Lite. Last night ,while I was browsing through my day’s websites as usual, I came across a free Iphone Backup application, called IDrive Lite. It’s basically an application that allows iphone users to create iPhone Backup. Using this application user can create a backup of their contacts and other important elements. For example, if you lose a contact number of a person, iDrive Lite will enable you to recover the contact with just a click. IDrive Lite has helped many people in restoring their contact items and other important details. This application is really ideal for mobile, easy to use and does not eat up much phone memory when you are running it. IDrive Lite is definitively a must for your iPhone.

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German economy is now officially in recession

German economy is now officially in recession. The Europe’s largest economy, contracted more than economists expected in the third quarter. The Gross domestic product dropped a seasonally adjusted 0.5% from the second quarter, when it fell a revised 0.4 percent, the Federal Statistics Office in Wiesbaden said today. The last time that the German economy has contracted for two consecutive quarters, was in 1996. This is clear evidence how bad the BCE is acting to protect the Europeans against the crisis. I’m still convinced that current interest rates are too high to avoid any kind of slowdown. If nothing is done in the coming weeks to sustain this terrible slowdown, the economy scenario for many companies will become unsustainable. Eurostat, the European Union's statistics arm, will publish third-quarter growth data for the euro region tomorrow. So, stay tuned on it, because I’m quite sure that data will be even worse than previous forecasted. I don't see any relief any time soon.

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Stock Picks and Trade Ideas for Thursday - CIEN, LDK, GOOG, RIMM

Chart courtesy of www.stockcharts.com ( click to enlarge )

RIMM formed a significant long-term peak in June 2008 at $148.139 and has been in a corrective mode since then. This falls has retraced more than 60 per cent of the entire gains. The stock has key support at $40.21. From the technical chart the stock shows very strong bearish sign. First of all the stock is trading below both 50 day and 200 day moving average with both moving average pointing downwards. Then the RSI indicator is moving below 50 also indicating a sell. In addition KD line still show the stock is on the negative swing. You can hold the stock with a stop at $40.21.

Chart courtesy of www.stockcharts.com ( click to enlarge )

GOOG broke down its support today on increased volume and selling pressure making this stock appear that it could easily be sent down to its support around $273. Only the break of the prior support now resistance confirmed by a daily closing will support higher levels. The indicators of the daily chart are still negative suggesting further possible pressure, only a strong closing again above the top of today could change this scenery. Hosnestly, I'm not optimistic.

Chart courtesy of www.stockcharts.com ( click to enlarge )

LDK - The stock continues losing ground. The technical chart shows the stock is in a bear market as it is way below both 50 day and 200 day moving average. All indicators still point to a bear market. The trend is currently down and the major support lies at $13.

Chart courtesy of www.stockcharts.com ( click to enlarge )

CIEN - The stock broke support today reaching a one year low. Fresh exposures may be avoided.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you tomorrow !!

AC

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Best World Pilot !!!

This is amazing , how this guy can control the plane with just one wing and landing on the runway. Honestly I'm not quite sure if this is possible but the video looks really real.



AC

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Wednesday, November 12, 2008 

The pessimism for the European economy is accelerating

The European confidence in the economy dropped to the lowest level of the last 15 years, showed the German IFO institute report today. According to IFO, the economic situation worsened in almost all countries of the euro area and should deteriorate, further, in Ireland, Portugal and Holland. "The expectations for the coming six months remain clearly pessimistic," revealed, as well the IFO institute. These conclusions are part of the World Economic Survey, covering the fourth quarter, and will be disclosed in full in the next day on November 20. The index that measures the economic climate in the region fell from 61.9 points in the third quarter, to 50.9 points in the fourth quarter. This drop is explained by the deteriorating economic conditions in the region. "This analysis suggests that the slowdown in the economy of the euro zone will continue. Interest rates will fall over the next six months," the press release of the IFO shows. The economic situation worsened in almost all countries of the euro zone, with special emphasis on Italy, Belgium, France, Austria and Germany. Expectations remain pessimistic and, according to IFO, the economic situation in Portugal, Ireland and Holland will deteriorate further in the coming months.

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About Me

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  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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