Update Daily Investment News

‘Evening Star’ May Signal Top for S&P 500: Technical Analysis
(Bloomberg) -- The yearlong rally in U.S. stocks may pause after the Standard & Poor’s 500 Index generated an “evening star” pattern that signals a bearish trend, according to Bank of America Corp.’s technical analyst Mary Ann Bartels.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a3jUFxIhLHv8

Korean Won May Fall 2.8% on Parabolic Gauge: Technical Analysis
(Bloomberg) -- South Korea’s won may decline 2.8 percent against the yen over the next two weeks as a technical chart signaled investors should buy the Japanese currency, according to Mitsubishi UFJ Securities Co. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=avvjc8xrXW8M

China’s Stocks to Fall on Moving Average: Technical Analysis
(Bloomberg) -- China’s Shanghai Composite Index may drop as much as 6 percent after breaching the 250-day moving average for the first time in a year, Shenyin & Wanguo Securities Co. said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aj2dclSSn_CI

Rubber May Drop 22% as Rally ‘Too Far, Too Fast’ (Update1)
(Bloomberg) -- Rubber prices may drop as much as 22 percent by the end of 2010 as this month’s rally to a record was too steep for tire makers, said an official at Marubeni Corp., Japan’s largest trader of the commodity.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aCL_sJiZ9wek

The Three Phases of Fed Tightening
The Fed’s action to flood the financial system with liquidity in the wake of the Lehman bankruptcy has prevented another Great Depression.
http://finance.yahoo.com/banking-budgetingk/article/109346/The-three-phases-of-fed-tightening;_ylt=AmdOe_sg_QCT8xdUJ1b0DkK7YWsA;_ylu=X3oDMTFmaDJjbnBnBHBvcwMzBHNlYwNleHBlcnRPcGluaW9uRHluYW1pYwRzbGsDdGhlM3BoYXNlc29m

Top 5 Global Funds
The fortunes of the U.S. equity markets continue to be a key determinant of the health of the global economy.
http://finance.yahoo.com/news/Top-5-Global-zacks-3695527344.html;_ylt=ApTTjRVAmx2ze_1jkQ65VqC7YWsA;_ylu=X3oDMTFhajFocDE5BHBvcwMyBHNlYwNzcGVjaWFsRmVhdHVyZXMEc2xrA3RoZXRvcDVnbG9iYQ--?x=0

How Goldman Sachs Might Help Democrats in November
Finally, the watchdog bites. One reason Americans are so disgusted with political and business leaders is that nobody seems accountable for the rapacious behavior that launched a crushing recession and tossed 8 million people out of work.
http://finance.yahoo.com/news/How-Goldman-Sachs-Might-Help-usnews-2268963496.html;_ylt=AiSVOkLf49nAPT60xbzYji.7YWsA;_ylu=X3oDMTFhZDB0NXFuBHBvcwM4BHNlYwNzcGVjaWFsRmVhdHVyZXMEc2xrA2hvd2dvbGRtYW5mbA--?x=0

Dollar Trading: The Long View
Our long-term view on the dollar vs. other currencies is long dollar/yen (Usd/Jpy) on interest rate differentials and long Australian dollar/dollar (Aud/Usd) on global commodity growth.
http://finance.yahoo.com/news/Dollar-Trading-The-Long-tsmf-1540936232.html;_ylt=Ah9HUg34jkSd4yD_CidymB.7YWsA;_ylu=X3oDMTFiMTA2NGlsBHBvcwMxMQRzZWMDc3BlY2lhbEZlYXR1cmVzBHNsawNkb2xsYXJ0cmFkaW4-?x=0

There Is No Gold Bubble
Gold has certainly received a lot more attention from investors since the beginning of 2009. Last Wednesday, with gold near its high for 2010, precious metals consultancy GFMS said in its annual report that the market "has moved out of kilter with its underlying fundamentals."
http://finance.yahoo.com/news/There-Is-No-Gold-fool-392323619.html?x=0&.v=1

Goldman Selloff a Blip, Uptrend Will Continue: Charts
When the bears are right, it could sometimes mean a great opportunity for the bulls. This seems to be the case for Goldman bulls, at least according to technical analysis.
http://www.cnbc.com/id/36658008

How Big Is The Marijuana Market?
Put arguments for and against legalization aside for a moment. If people could use marijuana—without fear of legal consequence—just how much would get used? More to the point, how much money is at stake?
http://www.cnbc.com/id/36179677

George Soros Talking the Euro to ‘Death’
First it was the “Death Spiral,” now it is the “Death Circle.”
George Soros told a Greek TV station last night that the government in Athens is facing the prospect of both recession and falling budget revenue if yields on Greek debt remain this high.
http://www.cnbc.com/id/36657969

Spirit of Reagan, Thatcher Doomed: HSBC Economist
The political philosophies espoused by former leaders Ronald Reagan and Margaret Thatcher will wither and die as the West watches its financial and political power ebb away to the East, according to HSBC’s chief economist.
http://www.cnbc.com/id/36658874

S&P to Hit 1500 in 'Next Seven Quarters'
Stocks pushed higher on Monday after a more-than-expected rise in leading indicators and strong earnings from Citigroup. Fritz Meyer, senior market strategist at Invesco AIM, and Linda Duessel, equity market strategist at Federated Investors, shared their market outlooks.
http://www.cnbc.com/id/36643026

Goldman Case Could Bring Major Changes to Wall Street
While Goldman Sachs—and the banking sector in general—will survive the securities fraud allegations against the investment banking giant, the case could become a landmark event that changes Wall Street forever, analysts say.
http://www.cnbc.com/id/36643570

Why Goldman Sachs Stock Is Still a 'Buy': Bove
Goldman Sachs' stock remains a good buy in part because the government's fraud case against the Wall Street titan is shaky, analyst Dick Bove told CNBC.
http://www.cnbc.com/id/36648161

Halftime Report: Time To Go Cherry-Picking?
The S&P [.SPX  1197.52    5.39  (+0.45%)   ] traded lower on Monday as concerns about fraud charges against Goldman Sachs [GS  163.32    2.62  (+1.63%)   ] overshadowed good earnings from Citigroup [C  4.88    0.32  (+7.02%)   ] and upbeat economic data.
http://www.cnbc.com/id/36645000