March 1, 2013

WEEKLY MARKET DIGEST: SEQUESTRATION STARTS, GDP LESS THAN EXPECTATIONS AND INFLATION RISES BUT MARKET DOES NOT CARE $SPY $DIA $QQQ $GLD $SLV $TBT$TLT $USO

stock market

(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.)

DOLLAR STRENGTHENS IN PERVERSE MARKET ACTION, GOLD VOLATILE

March 1, 2013

Today is the day that sequestration sets in. Many had expected the dollar to fall, but in a perverse action the dollar is strengthening. Earlier today euro briefly broke 1.30 but as of this writing has bounced back to 1.3007.

Usually there is an inverse relationship between the dollar and gold. In other words, when the dollar goes up, gold goes down. Earlier in the morning this relationship was very visible in the gold market as gold fell on the strengthening dollar. … Please click here or the title below to read more.

March 1, 2013

CANADIAN GOVERNMENT KICKS HOLE IN BLACKBERRY SECURITY REPUTATION

As BlackBerry attempts to stage a comeback with BB 10, one aspect of its sales pitch is that BlackBerry is famous for its security characteristics. Now BlackBerry is losing its security aura.

The timing could not be worse for BlackBerry of a security warning coming from Canada. Canada.com reports that the government department in charge of cyber security has issued a warning “to think twice before sending a BlackBerry message.” The warning is contained in a memo received by Postmedia News using the access to information act from Public Safety Canada. Public Safety Canada is a department of the Canadian government somewhat similar to the U.… Please click here or the title below to read more.

March 1, 2013