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Another Huge Week Is Starting — Asian Markets Are Lower
Markets are off to a very quiet start, despite it being a huge week in the world (US elections, Greece, Chinese leadership, ECB, etc.).Asian markets are a little bit down, but nothing huge.Here's the...
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China's HSBC Services PMI Slips
China's HSBC services PMI declined to 53.5 in October from 54.3 in September.But any number above 50 signals expansion.The composite PMI improved to 50.5 in October from 50.3 a month ago thanks to an...
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China Is Keeping Journalists In The Dark About Its Historic Leadership Handover
China is all set to begin its leadership handover at the the 18th National Congress of the Communist Party on November 8. But Beijing has been deliberately coy about just what to expect. Hannah Beech...
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US Crashes Out Of The Top 10 In World Prosperity Index
The United States is no longer one of the world's ten most "prosperous" countries for the first time according to the Legatum Institute.The Legatum Prosperity Index assessed and ranked the prosperity...
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The Surprising Results Of A Massive Chinese Wealth Survey
The dynamics of the Chinese economy continue to be a mystery to most people.One thing the world assumed about China was that wealth was distributed pretty uniformly among the population with some...
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China Is Showing Propaganda Videos On Giant Screens In Tiananmen Square To...
Beijing has been busy preparing for its once in a decade leadership transition. We've already seen some of the absurd security measures being taken.But Beijing's propaganda machine is also in...
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PREDICTION TIME: Why I Think Obama Is Going To Win The Election
The election is tomorrow, and people who don't make predictions are lame, so it's time to get on record with an OFFICIAL Electoral College map.Note, this is just my prediction, not an official Business...
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A New App Is Helping Northeasterners Find Gas Stations With Gas
The gurus at Gasbuddy have sprung into action in the wake of the gas crisis caused by Hurricane Sandy, creating an app to help find gas stations pumping fuel."GasBuddy spotters in the region are urged...
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GALLUP: Obama Gets A Big Bounce And Trails Mitt Romney By 1
Gallup is officially out with its final pre-election poll between President Barack Obama and Republican Mitt Romney, which shows Obama trailing Romney by a point among likely voters and leading Romney...
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We'll Begin To Understand The True Economic Impact Of Hurricane Sandy Next Week
Today's Daily Economic Notes from Deutsche Bank's Joe LaVorgna focuses on the effects of Sandy, and he writes estimates of the storm's costs have climbed to the $30B-$50B range.But that's not the whole...
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ROMNEY VS. OBAMA: Here's Who Wall Street Thinks Is Better For Stocks
Who's better for stocks: Romney or Obama?Here's Wall Street's answer from SocGen's Kit Juckes:Good Morning. Bond and equity folks, at least, have made up their minds how to read the US election. Romney...
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Morgan Stanley Predicts A Big Slowdown In Outsourcing In 2013 (IBM, ACN, DELL)
Outsourcing measures that have allowed American corporations to scale back on labor costs over the past several years may be set for a big "surprise" slowdown, according to a new report from Morgan...
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SAUT: Housing Market Stocks Are Way Up, But The Long-Term Bullish Theme Is...
Raymond James' Jeff Saut's latest note discusses passing of the torch economic torc as manufacturing is giving way to housing (via Market Folly)....the vigor of [exports and manufacturing] sectors has...
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DOUG KASS: 'The Global Economic Cliff Is Disappearing'
Over at The Street, Doug Kasswrites that "meaningful market downside" risk has been removed and that the risk/reward profile has improved.Kass sees the S&P 500 ending the year as high as...
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CHART OF THE DAY: It's Unbelievable How Similar This Market Is Compared To...
Here's an interesting chart from Bespoke Investment Group that Jeff Saut included in his weekly market commentary.It marks the average election performance of the S&P 500 and compares it to the...
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Apple Is Looking At Dropping Intel (AAPL, INTC)
Apple is exploring how to drop Intel chips in favor of its home grown chips, Adam Stariano, Peter Burrows, and Ian King at Bloomberg report.According to their report, Apple's engineers are confident...
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STOCKS RISE: Here's What You Need To Know (DIA, SPY, QQQ, INTC)
One day until election day.First the scoreboard:Dow: 13,112, +19.2, +0.1 percentS&P 500: 1,417, +3.0, +0.2 percentNASDAQ: 2,999, +17.5, +0.5 percentAnd now the top stories:The ISM non-manufacturing...
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America Continues To Reflexively Rely On The Red Cross Despite Mounting...
The Red Cross's response to Hurricane Sandy has proven controversial.Last week, Staten Island elected officials blasting the Red Cross for its lack of response, including borough president James...
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FINAL WAPO/ABC POLL: Obama Jumps Out To A 3-Point Lead
President Barack Obama has gained 2 points on Mitt Romneyin the final Washington Post/ABC News tracking poll, giving him a 50-47 overall lead heading into Election Day on Tuesday.The results are still...
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NOMURA: Obama Will Win Ohio, And Then He'll Win The Whole Election
Nomura's senior political analyst Alastair Newton thinks president Obama will win a second term. While Republican presidential candidate Mitt Romney seems to have a narrow lead at the national level,...
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