SEOUL, March 15 – Seoul shares may be rangebound on Monday with a flat finish on Wall Street offering little direction and caution likely to pervade ahead of key U.S. economic data and a Fed meeting this week, analysts said. ‘Shares are headed for Seoul shares seen rangebound; eyes on LG Elec

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Seoul shares seen rangebound; eyes on LG Elec

Sounds like a good time to start tapping the nest egg. Too bad the federal government already spent that money over the years on other programs, preferring to borrow from Social Security rather than foreign creditors. In return, the Treasury Department issued a stack of IOUs — in the form of Treasury bonds — which are kept in a nondescript office building just down the street from Parkersburg’s municipal offices. Now the government will have to borrow even more money, much of it abroad, to start paying back the IOUs, and the timing couldn’t be worse. The government is projected to post a record $1.5 trillion budget deficit this year, followed by trillion dollar deficits for years to come. WRH permalink

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Social Security to start cashing Uncle Sam’s IOUs

Russia Today Sunday, March 14, 2010 The EU’s on the verge of clamping down on ‘hedge funds’, which are believed to have been at the root of the global downturn. But the U.S. is wary – it’s home to many of the secretive, high-wealth funds. Economic Trend Forecaster Gerald Celente says that, whatever Europe does, there will still be shady Wall Street deals.

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Justice or ‘Just US’? Gerald Celente on Wall St. Mafia

Wall Street is rigged and a fraud. Bernanke, Geitner and Roubini are frauds. Wake up, don’t treat water. Load up on something real, take delivery of real silver and gold bullion , you will sleep better. In gold and silver I trust. …

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Investing 101- stock market investing for beginner | Forex Sources …

Shrugging off some lingering reminders of the credit crisis and recession, investors last week marked the one-year anniversary of the bear market low by pushing many benchmark equity indices to cycle highs. Wall Street scaled 17-month …

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Words from the (investment) wise for the week that was (March 8–14, 2010)

NEW YORK, March 12 – Author Michael Lewis, known for exposing the culture of excess at Solomon Brothers with his book ‘Liar’s Poker,’ says Wall Street bonuses at banks bailed out by Washington are ‘a very elegant form of theft.’ Lewis’s latest boo Author Lewis equates Wall St bonuses with theft

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Author Lewis equates Wall St bonuses with theft

Silver is often perceived to be subordinate to gold. But history clearly shows that during precious metal bull markets, silver outperforms gold. Just consider the precious metal bull market of the 1970s… Between 1970 and 1980, gold prices increased from the Brenton Woods fixed price of $35 an ounce to a high of $850. It was a 2,329% jump in the ten years. Meanwhile, silver went from about $1.50 in 1970 to over $50 an ounce in 1980 — a 3,233% increase. So far, gold has already crossed its nominal high of $850 an ounce. But silver has come nowhere near its 1980 nominal high of $50 an ounce… I think this is all about to change because… Silver is Money, Too The investment community’s general neglect of silver has historical origins. For thousands of years, silver — not gold — was the coin of the civilized world. One of the most complete histories on silver can be found in the book “The Silver Bonanza” by Franklin Sanders and James Blanchard. The book begins with the following quote from Milton Friedman: “The major monetary metal in history is silver, not gold.” Evidence of silver being used as money extends back to at least 4,500 years. According to “The Silver Bonanza,” the first mention of silver in the Bible is in the Old Testament in roughly 1850 BC. During King Charlemagne’s reign, silver was the only legal tender metal. Advertisement China’s Loss is Your Gain On January 1, 2010, a tiny mining company took legal control of a natural resource that today threatens the world’s fastest growing economy. And thanks to some timely reporting, our readers took early triple-digit gains in the days that followed. Today, there’s even bigger news in the works… But by the time you hear about it in the Wall Street Journal , our readers will be depositing their gains in their savings accounts. Click here to learn more.   Early colonial America also preferred silver to gold. Settlers rigged the gold-silver ratio to encourage the flow of silver into the United States. It took 15.5-16 ounces of silver to buy one ounce of gold in the rest of the world but, by decree, it took just 15 in early America. Silver was the major monetary metal for the U.S. until 1873 when it was demonetized; when this occurred, its richer cousin gold was given the sole key to the currency kingdom. Gold has received all the accolades and nearly all the ink ever since. Most “hard money” advocates will talk about gold as money for hours, as if it were religion. Lowly silver gets little or no time at all… But don’t shy away from silver. Gold always moves first in a precious metals bull market because it is seen more as money, yet silver posts better percentage returns nearly every time there is a sustained rally in gold. So why do people still ignore silver, especially as it is priced so reasonably compared to gold right now? There are five reasons that I see: The 1873 demonetization of silver occurred roughly 100 years prior to the official end of the gold standard. Investors have short memories. So when they think of …

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The Gold Silver Ratio

Chip maker National Semiconductor Corporation ( NSM ) on Friday said its third quarter profit more than doubled from last year, helped by higher sales and lower costs. The Santa Clara-based company reported third quarter net income of $53.2 million, or 22 cents per share, compared with $21.1 million, or 9 cents per share, in the year-ago period. Revenue surged nearly 24% from last year, to $361.9 million. On average, Wall Street analysts expected a smaller profit of 18 cents per share, on lower revenue of $348.6 million National Semi CEO Don Macleod said in a statement that “Our sequential and year-on-year revenue growth demonstrates top-line improvement, driven by both our core analog business and traction in several new emerging areas.” National Semiconductor shares rose 46 cents, or +3.2%, in premarket trading Friday. The Bottom Line We have avoided shares of NSM since our early June 2008 coverage began, when the stock traded at $23.74. The company has a 2.23% dividend yield, based on last night’s closing stock price of $14.34. The stock has technical support in the $12-$13 price area. If the shares can rebound, we see overhead resistance around the $18 price level. We would remain on the sidelines for now. National Semiconductor Corporation ( NSM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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National Semiconductor Q3 Profit Surges, Beating View (NSM)

Clothing retailer Aeropostale, Inc. ( ARO ) said late Thursday that its fourth quarter profit jumped 42% from last year, helped by higher sales. The New York-based company reported fourth quarter net income of $96.6 million, or 99 cents per share, up from $68.2 million, or 67 cents per share, in the year-ago period. Revenue jumped 16% from last year, to $801.2 million. On average, Wall Street analysts expected a smaller profit of 95 cents per share, on much lower revenue of $786 million. Looking ahead, the company forecast first quarter profits of 39 to 40 cents per share, which would beat analysts’ estimates for 37 cents. Aeropostale shares rose $1.65, or +6.1%, in premarket trading Friday. The Bottom Line Shares of ARO are near the all-time high levels of $30 a share. The stock has technical support in the $24 price area. We do not currently rate this non-dividend paying stock, but we do follow the company closely. Aeropostale, Inc. ( ARO ) does not currently pay a dividend. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Aeropostale Q4 Profit Jumps 42%, Beating View (ARO)

Hope to see everyone back this Saturday at ground zero as we effect change one person at a time. I would also ask active nyc members to please come at 5pm to ground zero for a very important meeting about the future of wearechange. We are continuing our street actions as of this Saturday 2:00 PM to 5:00 PM at Ground Zero. Join us by WTC7 @ 2-5pm Every Saturday. Feel free to bring appropriate fliers and DVD’s to hand out.

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Street Actions return this saturday in nyc.

We barely see a dip in the tape and before you know it, the screen is back to nearly all green. Don’t get us wrong, we love gains, just not straight up. We are going to be evaluating some names on our recommended list for possible removals if the recent trend continues. We always prefer to initiate or re-initiate when we see a favorable risk/reward scenario. We are fortunate to have many names (90 plus) on our recommended list, but we don’t want to lose the discipline of looking for solid entry points. As for today’s action, Dr. Pepper Snapple Group ( DPS ) enjoyed nice gains on a Wall Street upgrade. Men’s Wearhouse ( MW ) gave some of the recent gains back following its Q4 earnings results. Devon Energy ( DVN ) was up on news it is selling some assets to BP Plc ( BP ) . Other stocks doing well today included United Parcel Service ( UPS ) and IBM Corp ( IBM ) . As for names that were lower in today’s tape, Deere ( DE ) , Blackrock ( BLK ) , Analog Devices ( ADI ) and Texas Instruments ( TXN ) all ended in the red. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Market Wrap-Up for Mar.11 (MW, DPS, DVN, BLK, IBM, TXN, more)

ATHENS, Greece (AP) – Street clashes erupted between rioting youths and police in central Athens Thursday as tens of thousands demonstrated during a nationwide strike against the cash-strapped government’s austerity measures. Hundreds of masked and hooded youths punched and kicked motorcycle police, knocking several off their bikes, as riot police responded

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Greece hit by strikes, riots over austerity plan