August 31, 2010, 3:13 pm
If you are bullish on stocks going into September, the place to be is the big cap technology sector. These stocks are downright cheap. If the market falls, they will likely get cheaper, but if we are putting in a bottom, this is undoubtedly a great buying opportunity for both the short and long term. Every single one of these stocks has been beaten down and is trading at a very compelling valuation. Furthermore, these names are the cream of the crop in the technology space. If the market can find a bottom in the next couple of weeks, you will be grateful to have added Cisco Systems, Inc. Full post…
August 31, 2010, 4:49 am
The Bushkill Group and partner Penn National Gaming (PENN: 28.86 0.00%) will present plans for their proposed resort casino at the Fernwood Hotel & Resort in the Poconos this week in an attempt to win licensing approval.
A public input hearing on the plans for the Category III gaming license is scheduled for September 2.
This will be the second attempt to bring a resort casino to the 80 years old property.
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August 30, 2010, 9:14 pm
The bulls used some overseas news to stage a big rally this morning while economic reports continue to come in mixed here in the US. Futures were pointing towards a strong open after China and Australia reported growth in their economies while a better-than-expected ISM number here at home added some extra gravy.
China’s said its manufacturing sector rose in August for the first time in four months while Australia’s economy grew by the fastest pace in three years during the second quarter. Meanwhile, America’s Institute for Supply Management’s manufacturing index grew to 56.3 in August from 55.5 in July. Wall Str
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August 29, 2010, 5:08 pm
A Scout’s motto is “Be prepared.” But how can you be prepared for something completely unexpected? Today’s investment markets are riddled with uncertainty, seesawing in poor economic headwinds, and pockmarked with burst bubbles.
We think we’ve seen the worst, but are we sure about that?
Late last week, the financial market’s buzzword was “Black Swan.” A black swan is an unforeseen event, random and extremely difficult to predict.
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