Does The Economic News Even Matter Anymore?

Jamie Dimon Slaps The Public And Smiles

“For lack of a better word, greed is good.” Jamie Dimon has done some shady things as the head of JPMorgan Chase & Co. (NYSE:JPM). While JPMorgan has been fined left and right with investigations galore, apparently it matters little. Remember, if you can make $5 billion and get fined $1 billion, it is still a great trade in the realm of publicly traded companies. No ethics needed in this arena. Dimon is getting the last laugh for now as JPMorgan has just crossed through the 52 week high of $51.00. The stock is trading at $51.09, +0.86 (1.71%). Three cheers for slapping the public with a very large stick…

There is talk about removing him as the board of directors chair at JPMorgan Chase. The stock hitting new 52 week highs has just locked in his tenure. Cheers!

Gareth Soloway
InTheMoneyStocks.com

Jamie Dimon Slaps The Public And Smiles

“For lack of a better word, greed is good.” Jamie Dimon has done some shady things as the head of JPMorgan Chase & Co. (NYSE:JPM). While JPMorgan has been fined left and right with investigations galore, apparently it matters little. Remember, if you can make $5 billion and get fined $1 billion, it is still a great trade in the realm of publicly traded companies. No ethics needed in this arena. Dimon is getting the last laugh for now as JPMorgan has just crossed through the 52 week high of $51.00. The stock is trading at $51.09, +0.86 (1.71%). Three cheers for slapping the public with a very large stick…

There is talk about removing him as the board of directors chair at JPMorgan Chase. The stock hitting new 52 week highs has just locked in his tenure. Cheers!

Gareth Soloway
InTheMoneyStocks.com

No Fear In The Market Should Make You Worry

Solar Soars Again: Is A Pull Back Looming?

Solar stocks are staging another huge rally today. First Solar, Inc.(NASDAQ:FSLR) is trading at $51.65, +2.31 (4.68%). This stock was trading at $11.43 less than a year ago. Almost all other solar stocks are surging today. SolarCity Corp(NASDAQ:SCTY) is trading at $36.85, +7.97 (27.60%).

This massive move in solar stocks is a continued short squeeze. Once the shorts have all covered, the buying pressure will subside and the stocks will pull back. However, the pull back will be limited to a retrace of this big up move. With First Solar, the pull back is at hand. This move over $50.00 will trigger a final surge from short covering. We are seeing that today and it may briefly continue tomorrow morning. Following that move, expect a pull back to around the $35.00 – $40.00 level.

Gareth Soloway
InTheMoneyStocks.com

Two Things You Must Know About The Straits Times Index

Many traders and investors do not realize how important the Singapore stock markets are these days. Lately, the Nikkei 225 Index (Japan) has been dominating the headlines as that index makes new 52 week highs on a daily basis. The Shanghai Index (China) also receives a lot of attention by investors as China has become a manufacturing powerhouse over the past 10 years. What most people do not realize is that the Singapore markets are also extremely important and should be followed.

1. Singapore has become a major financial hub in Asia. Many hedge funds and other large financial institutions are now based in Singapore. There are also many wealthy individuals such as famed investor Jim Rogers and others have relocated to the area. In 2011, Facebook co-founder Eduardo Saverin renounced his U.S. citizenship. This move saved him hundreds of millions of dollars in taxes from the Facebook initial public offering. After all, Singapore does not have a capital gains tax, this makes the country very attractive for wealthy individuals.

2. The FTSE Straits Times Index (STI) is a capitalization-weighted stock market index that is regarded as the benchmark index for the Singapore stock market. It tracks the performance of the top 30 companies listed on the Singapore Exchange. Below is a list of the 30 stocks in the Straits Times Index.

Capitaland Ltd
CapitaMall Trust
CapitaMalls Asia Ltd
City Developments Ltd
Comfortdelgro Corporation Ltd
DBS Group Holdings Ltd
Singapore PLC
Global Logistic Properties Ltd
Golden Agri-Resources Ltd
Hongkong Land Holdings Ltd
Port Holdings Trust
Jardine Cycle & Carriage Ltd
Jardine Matheson Holdings Ltd
Jardine Strategic Holdings Ltd
Keppel Corporation Ltd
Noble Group Ltd
Olam International Ltd
Oversea-Chinese Banking Corporation Ltd
Sembcorp Industries Ltd
Sembcorp Marine Ltd
SIA Engineering Co Ltd
Singapore Airlines Ltd
Singapore Exchange Ltd
Singapore Press Holdings Ltd
Technologies Engineering Ltd
Singapore Telecommunications Ltd
StarHub Ltd
Thai Beverage PCL
United Overseas Bank Ltd
Wilmar International Ltd

Nicholas Santiago
InTheMoneyStocks

Is The Federal Reserve Going To Cut QE-3?