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U.S. Stocks Erase Gain as House Votes to Limit Card Rates
Nov. 4 (Bloomberg) -- U.S. stocks erased most of a 156- point rally in the Dow Jones Industrial Average after a House bill to curb credit-card rates spurred concern about bank earnings, outweighing the Federal Reserve’s plan to keep interest rates at a record low. Wells Fargo & Co. , JPMorgan ...
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Wednesday Inspirations
TraderFeed — * Great article: how our brains interfere with taking losses; * Nice article from Smita Sadana on resisting temptation in trading; * Thoughts on the mechanics of trading and hitting; * Interesting visual representation of historical price action in stocks; * Questioning economic growth in China; * Limits on credit card rates weighing on banking stocks; * Making a political case for further stimulus in ...

King Report: Treasury Minutes
The Big Picture — > While most of the known world was transfixed on the FOMC soiree and its communiqué, an equally if not more important Treasury soiree and communiqué went largely unnoticed. November 4, 2009 tg347 Minutes of the Meeting of the Treasury Borrowing Advisory Committee Of the Securities Industry and Financial Markets Association The Committee convened in closed session at the Hay-Adams Hotel at 10:32 a.m. The Committee then turned to a presentation by one of its members on the likely form of the Federal Reserve’s exit strategy and the implications for the Treasury’s borrowing program ...

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Stocks Have Little Room To The Upside
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Wells Fargo hiking its credit card rates
hf-implode.com 10/8/2009 — "Wells Fargo made $923 million in card fees in the quarter ended June 30, a figure that includes revenue from its debit cards. The bank does not provide detailed financial statements for its credit card division."
TRADING THE ODDS
tradingtheodds.com 8/12/2009 — This is a follow-up on my posting Trading the Odds on Thursday – August 13, 2009 . Due to the fact that ES (E-MINI S&P 500) futures are already up +1.0% at time of writing (05:50am CET), a favorable opportunity on the short side of the market may be ...
September's Gain, Down the Drain
bespokeinvest.typepad.com 10/2/2009 — That was fast. In less than two trading days, the S&P; 500 has now erased all of its gains from September. Based on the futures, the S&P; 500 is poised to open down over 1% at a level of about 1,013. This is over seven points below the closing price ...