Archive for January 27th, 2010

Be Careful – Unpaid Credit Card Debt Threatens Your Health

Everyone knows that dealing with unpaid credit card debt can cause customers to feel stressed and worried about their finances. Now, a new study published in the American Journal of Health Promotion found proof that this kind of debt can also be linked to psychological and health risks, including bouts of depression and a higher body mass index (BMI). Leading to a vicious circle, these health risks in turn can lead to an increased risk of dangerous diseases such as heart disease.

Jeremy Grantham: Risky stocks have been driven to and#8216;extreme overpricing’

The following is an excerpt from the quarterly newsletter of Jeremy Grantham, Chairman of the Board of Grantham Mayo Van Otterloo LLC. To read the full newsletter, please click here. In 2010, value purists will have to struggle increasingly with the Fed’s continued juicing of the markets

Stocks fall on regulatory concerns

Stocks are falling in early trading as investors remain skittish in advance of the president’s State of the Union address and the conclusion of the Federal Reserve’s latest interest-rate setting meeting. The latest batch of earnings are again being overshadowed by concerns over potential new financial regulations, a trend that has occurred in recent days. The market has been spooked by President Barack Obama’s push to restrict trading by major financial institutions and concerns over Senate confirmation of Fed chairman Ben Bernanke for a second term.

Nationwide gives 200 reps more time to find new broker-dealers

Nationwide Financial Network, the sales and marketing arm of Nationwide Mutual Insurance Co., has pushed back by three months the previous deadline for 200 independent financial advisers to find new broker-dealers. Those advisers, most of whom joined the organization through Nationwide’s 2002 acquisition of Provident Mutual Life Insurance Co., will now be able to clear through Nationwide Securities, the company’s brokerage arm, until July 30. After that, they will have to use outside brokerages for clearing.

SEC to require that money funds disclose floating net asset values

Money market funds will have to disclose on a delayed basis their fluctuating “shadow” net asset values rather than their $1-per-share value, thanks to new rules adopted today by the Securities and Exchange Commission. Under the rule, money market funds will be priced at the $1-per-share value, but funds will also have to report their “floating” value based on the market value of its underlying securities after 60 days. The SEC adopted the rule by a vote of 4 to 1, with commissioner Kathleen Casey voting against it.

Wall Street’s Greed: How to End Big Banks’ Grip on the U.S. Economy

The Global Race for the 3rd Element Is On… The Daily Mail calls it, “A wonder…

Correction may loom for emerging markets

S kot Kortje has been analyzing stock market trends for 15-years using trend analysis. His Stock Trends indicators have been published by The Globe and Mail since 1995. The Stock : Claymore BRIC ETF CBQ-T Recent price: $27.36 Trend: The tremendous rally in commodity and emerging stocks is being reined in, and a market correction – long anticipated – may be upon us

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