Why the Dam is Finally Breaking on the US Dollar

Posted on by The INO.com Team

Maybe Iran wants a bomb. Maybe not.

But blocking it out of the SWIFT system, in other words cutting it off from using the US dollar for its oil trades (among other things) because we suspect it does, simply meant that countries that still want to trade with Iran and which are not beholden to our political whim, have found ways of doing business without a dollar in sight.

That was a reckless decision at best. It opens the door to alternatives... alternatives that Russia, China and India – all major dollar holders – may just like better. Continue reading "Why the Dam is Finally Breaking on the US Dollar" →

MarketClub TV for 8/22/12: Just how unsocial is social media?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 22nd of August.

A number of years ago, there was a market guru named Joseph Granville who came up with the phrase "bag holder". I've always loved the term because it really describes exactly what's happened to a lot of investors in social media these days. Yes, they've been left holding the bag and the bag has little or nothing in it!

Social media has been decidedly unsocial to investors. So what's the ahead for the likes of Facebook, Zynga, Groupon and other public social media companies?

Let's take a look at Groupon first. I think that merchants really don't want to discount to such a degree that they lose money on promoting their businesses. The people who use Groupon don't come back. So the basic business model has a fundamental flaw as it is being repudiated by the very companies it was supposed to help. Continue reading "MarketClub TV for 8/22/12: Just how unsocial is social media?" →

Greece seeks more time; Juncker meets with Samaras

Posted on by The INO.com Team

Greece needs more time to implement tough financial reforms and spending cuts, Prime Minister Antonis Samaras says as he starts the first of a series of top-level European meetings to discuss his debt-ridden country's international bailout.

Jean-Claude Juncker, head of the Eurogroup, the body representing the finance ministers of the 17 countries that use the euro, arrived in Athens Wednesday afternoon to meet with Samaras and his finance minister, Yannis Stournaras. The Greek premier then heads to Berlin later this week to meet with German Chancellor Angela Merkel and on to Paris to see French President Francois Hollande. Continue reading "Greece seeks more time; Juncker meets with Samaras" →

US market futures slip, following worldwide trend

Posted on by The INO.com Team

U.S. futures traded modestly lower Wednesday, following the trend in worldwide markets.

Dow Jones industrial average futures dipped 0.2 percent to 13,170. Standard & Poor's 500 futures slid 0.3 percent to 1,408.60, and Nasdaq 100 futures gave up 0.2 percent to 2,768.75.

In a quiet week, there are a few key points traders are watching. Data on sales of previously occupied homes for July will be released at 10 a.m. Eastern time. Economists expect the report to show that sales edged higher by about 3 percent from June, which had the slowest sales pace since October. Continue reading "US market futures slip, following worldwide trend" →

Daily Video Update: China buys US corn … is there enough to go around?

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 21st of August.

The MarketClub Trade Triangles have been scoring some big gains in the grain markets this year. In fact, the grain markets we track in our World Cup Portfolio have been knocking it out of the park with positive double-digit returns.

Is now a good time to get into the grain markets? Well, it's never too late, but you must have a game plan and that's where the World Cup Portfolio comes in. As a member MarketClub you have complete access to this portfolio every single day.

Today's tip: Get ready for inflation!

One thing to remember about Tuesday is it can often signal a reversal in the markets, especially after a run up in prices.

Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
Click Here to view today's video