Update Daily Investment News

Stocks, Euro Fall, Oil Drops Below $70 on Europe Debt Concern
(Bloomberg) -- Global stocks slid for a third day, the euro erased gains and oil fell below $70 a barrel on growing concern that Europe’s debt crisis will derail the economic recovery. Copper dropped the most in 15 months as China’s equities plunged on concerns growth will slow. Speedy New Traders Make Waves Far From Wall St.
http://www.bloomberg.com/apps/news?pid=20601087&sid=akQUEDQtAMuk&pos=1

Commodities May Rebound 17%, Tiberius Says: Technical Analysis
(Bloomberg) -- Commodity prices may rebound about 17 percent by the end of the year as a “technical sell signal” is reversed, according to Tiberius Asset Management AG.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=andrLt0fTOE4

Pound May Fall to C$1.35 Versus Canadian Dollar, JPMorgan Says
(Bloomberg) -- The British pound may extend this year’s 12 percent drop against the Canadian dollar and depreciate to C$1.35, according to JPMorgan Chase & Co.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=at.x3jWYtZmU

Bartels Targets Euro-Dollar Parity If $1.20 Doesn't Hold: Video
(Bloomberg) -- Mary Ann Bartels, head of technical analysis at Bank of America Securities-Merrill Lynch Research, talks with Bloomberg's Margaret Brennan about prospects for the euro.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ag.Hm0bST5ws

Gasoline Premium Peaking Means Nymex Futures Down 43% (Update1)
(Bloomberg) -- The summer driving season may be ending for gasoline refiners before American travelers even hit the road.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aTWRTzHcDpYM

FYI: New market terms arise from 'flash crash'
Some colorful terms have surfaced, or resurfaced, in the aftermath of the stock market's sudden plunge last week.
http://www.cnbc.com/id/37130834

Above the Restoration Hardware in this Jersey Shore town, not far from the Navesink River, lurks a Wall Street giant.
http://www.cnbc.com/id/37190208

Gulf Oil Spreading into Major Current is New Worry
BP said Monday it was siphoning more than a fifth of the oil spewing into the Gulf of Mexico, but worries escalated about the ooze reaching a major ocean current that could carry it through the Florida Keys and up the East Coast.
http://www.cnbc.com/id/37188813

Yoshikami: The Euro's Bitter Pill
As the euro plunges to a four-year low against the dollar and respected economists like Paul Volker wonder out loud if the currency will survive, reflection is necessary to determine why this once prestigious currency appears to be crashing on the rocks of uncertainty.
http://www.cnbc.com/id/37188673

Gold to Hit $2K by Year's End: UXG Chairman
Gold will sell at $2,000 an ounce by the end of the year and could hit $5,000 an ounce by 2012-2014, Robert McEwen, chairman of U.S. Gold [UXG  4.0325    -0.0875  (-2.12%)   ], a gold exploration company, told CNBC on Monday.
http://www.cnbc.com/id/37189836

Avoiding Multiple Contraction
On Wall Street, Cramer often says, growth might as well be crack. It's highly addictive, and investors aren't afraid to pay up for it. That's why companies on a seemingly meteoric trajectory fetch the highest multiple, because they often generate the best returns. But the slightest change in sentiment can shrink that multiple like George Costanza just leaving the pool, so investors need to know when to cash out. During today's Mad Money, Cramer told viewers how it's done.
http://www.cnbc.com/id/37156419

Twenty Stocks Set to Gain from a Weaker Euro
 Twenty European companies that have a high percentage of their revenue from regions outside the continent are likely to benefit from a weaker euro, according to Barclays Capital.
http://www.cnbc.com/id/37185812

Bulls Expect This Drug Maker to Rally
Drug developer Celgene is expected to release data on from two studies in coming weeks, and the bulls are looking for a rally.
http://www.cnbc.com/id/37187509

FYI: New market terms arise from 'flash crash'
Some colorful terms have surfaced, or resurfaced, in the aftermath of the stock market's sudden plunge last week.
http://www.cnbc.com/id/37130834

Copper Tumbles on Slowing Manufacturing, Europe Debt Concerns
(Bloomberg) -- Copper prices plunged the most since February 2009 on mounting signs the global economic recovery is slowing.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aUASlNzbXYis&pos=2