Daily Video Update: Warren Buffet said that "Europe is beginning to slip pretty fast ... "

Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 12th of July.

We are glad to see that Warren Buffet is in agreement with our Trade Triangle technology, which has being negative on Europe and the United States for sometime.

We were pretty sure that this week was going to be an important week for the markets, and it's turning out to be just such a week. Since tomorrow is Friday, we'll see how the markets behave as JP Morgan Chase drops a bomb on the markets reporting their earnings and derivatives loss.

TODAY'S MARKET MOVING SECTORS and STOCKS:
Percentage changes in stocks are relative to the S&P 500 Continue reading "Daily Video Update: Warren Buffet said that "Europe is beginning to slip pretty fast ... ""

The Race for Energy Resources Just Got Hotter

By Marin Katusa, Casey Research

Malaysia's state-owned oil and gas company just made a multibillion-dollar bet that Canada will choose to export its shale gas riches. Even though the odds of securing permission to export liquefied natural gas (LNG) from the Canadian west coast are still pretty poor, the costs of such an endeavor immense, and the timeline in question very long, Petronas is putting $5.5 billion on the table – far more than it has ever spent on an acquisition before – to secure a large foothold in the British Columbia shale gas scene.

It's yet another sign that things are getting serious in the global race for resources. Continue reading "The Race for Energy Resources Just Got Hotter"

Stocks Close Modestly Lower

(RTTNews) - Stocks showed a negative bias throughout much of the trading day on Wednesday, ending the session modestly lower. A negative reaction to the minutes of the latest Federal Reserve meeting weighed on the markets, although stocks closed well off their worst levels of the day.

While the Dow and the Nasdaq ended the session firmly in negative territory, the S&P 500 closed roughly flat. The S&P 500 edged down 0.02 points or less than a tenth of a percent to 1,341.45, while the Dow fell 48.59 points or 0.4 percent to 12,604.53 and the Nasdaq slid 14.35 points or 0.5 percent to 2,887.98. Continue reading "Stocks Close Modestly Lower"

Officials warn of looming crisis for economy

By MARTIN CRUTSINGER
AP Economics Writer

(AP:WASHINGTON) The Federal Reserve is open toward taking further action to support the struggling U.S. economy. But minutes of the Fed's June meeting show policymakers are at odds over whether the economy needs more help now.

A few said the economy may already require additional support. But several others noted that further action "could be warranted" if the recovery lost momentum, if risks became more pronounced or inflation seemed likely to run below the committee's target.

Investors appeared to be disappointed by the division within the Fed. Continue reading "Officials warn of looming crisis for economy"