Written by Gary
Opening Market Commentary For 03 Mar, 2015
Markets Opened down as expected sliding down to -0.5% and the sea-sawing sideways on volume that fell from moderate to low. WTI oil is volatile remaining neutral while Brent is trending up slowly in the low 61 range.
By 11:15 the averages were well off yesterday"s high marks and were trading sideways in the red with technical indicators at the "I-don"t-know-what-is-going-to-happen-next" mark.
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Watch out GoPro, China"s Xiaomi Yi Action Camera is coming after you. After shaking up the global smartphone industry with its low cost handsets, Xiaomi is moving to its next target-the action camera. The Yi will sell for about $64 US dollars which is half the price of the $130 GoPro Hero. Tech Analysts say it will be a formidable competitor. Both cameras have similar features, But the Yi weighs less, offers more storage and boasts more powerful video capabilities.
Infographic Of The Day: There Are More Happy Words Than Sad Words
A study of 10 languages showed that more positive words are used than negative words.
by Michael Grogan, First Class Analytics
In an effort to bring the budget deficits of EU member countries down to a sustainable level, the European Commission has recently been placing significant pressure on France to reduce its deficit to a level of 4% by the end of 2015.
Money Morning Article of the Week
by Kent Moors, Money Morning
The collapse in oil prices has created a ticking time bomb in the energy markets.
You see, fueled by the market"s easy money policies, a big portion of the expansion in the energy markets has been financed with high-risk "junk" bonds.
Econintersect: CoreLogic"s Home Price Index (HPI) shows that home prices in the USA are up 5.7% year-over-year year-over-year (reported up 1.1% month-over-month). There is considerable backward revision in this index which makes monthly reporting problematic. CoreLogic HPI is used in the Federal Reserves"s Flow of Funds to calculate the values of residential real estate.