Category: Finance

Fed Keeps Pedal to the Metal as Egypt Unrest Weighs on Markets

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Stocks swaggered through the first four days of the past week with their usual devil-may-care attitude, then tripped into the final three hours on Friday amid scenes of civil unrest in Egypt. At the final count, the Dow Jones Industrials closed down Friday by 1.4%, theS&P 500 fell 1.8%, theNasdaq fell 2.5% and the Russell 2000small-caps sank 2.5%.

For the week, the Dow was only down 0.4%, though, while the S&P was off 0.5%, the Nasdaq was flat and the Russell 2000 small-caps were actually up 0.3%.
Click Here to see how the unrest in Egypt will drive the markets…

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A Rescue Plan for the U.S. Economy

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Money Morning Executive Editor William Patalon III, Fitz-Gerald took the time to outline that eight-point rescue plan for the U.S. economy. In that plan, the changes Fitz-Gerald calls for include:
• Cuts in federal spending.
• Pension reforms at all levels.
• A halt to weak-dollar policies.
• And a realization by Washington that it’s time to take China much more seriously.
In Part I of this interview, which appeared yesterday (Thursday), Fitz-Gerald assessed the health of the U.S. and global economies, provided his outlook for the U.S. stock market and for commodity prices, and even offered an investment strategy for 2011.

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Best Investments For 2011

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The U.S. recovery will continue this year, and U.S. stocks will continue to advance, though investors can expect whipsaw trading patterns and must beware of the point when the U.S. Federal Reserve ends the cheap-money mindset that’s fueling the advances, says Money Morning Chief Investment Strategist Keith Fitz-Gerald.

But uncertainty also brings opportunity, and Fitz-Gerald sees tremendous profit potential for those who are willing to remain invested – and who have the courage to make opportune choices. Commodities of all types, so-called “BEE” (Big Emerging Economy) markets and the stocks of companies that derive a major portion of their sales from these fast-growing overseas economies should be on everyone’s investment menu.

And don’t ignore multinational stocks from your own backyard: While it might surprise many investors to discover this, many U.S.-based companies are major players abroad, Fitz-Gerald says.

“I see the markets generally rising until mid-2011, which is when the reality of stimulus spending, the looming budget battle and fiscal follies set in.

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Brokerage firms don’t like scalpers!

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Most Brokerage firms don’t like scalpers, What they want is a trader who trades long term or is a position trader so that they are able to clear the transactions in the interbank market without risk. Look for ECN Forex Trading

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