Forum: Stock Market Commentary ]]> http://forum.millennium-traders.com/post?id=5849045 Wed, 16 May 2012 20:17:44 GMT http://forum.millennium-traders.com/post?id=5848513 Forum: Hot Stock Picks ]]> http://forum.millennium-traders.com/post?id=5848513 Wed, 16 May 2012 14:14:00 GMT http://forum.millennium-traders.com/post?id=5848245
I would like to try an EA that can automatically set StopLoss and TakeProfit for each deal. Can anyone help me with my search? Thanks in advance!

Forum: Stocks Trading Room ]]> http://forum.millennium-traders.com/post?id=5848245 Wed, 16 May 2012 08:57:29 GMT http://forum.millennium-traders.com/post?id=5847692 I can’t believe TD waterhouse provides “No. 1″ customer service in Canada!

- They transfered my TFSA account out without checking my unsettled positions;

- Their customer service manager never called me back since he told me he will follow up my case 2 months ago!

- Their self-investigator sent me investigation letter including my account informaiton and personal informaiton unsealed!

- Their self-investigation team leader never return my voice mails and emails in the past 14 days!

- investigator never called me back after I left voice mail and email after 20 days waiting!



What problem do they have?

Forum: TDWaterhouse Canada Reviews ]]> http://forum.millennium-traders.com/post?id=5847692 Tue, 15 May 2012 22:38:51 GMT http://forum.millennium-traders.com/post?id=5847621


"Collectively, these uncertainties about the future are likely contributing significantly to the tight lending standards in the mortgage market today," Federal Reserve Governor Elizabeth Duke said in a speech Tuesday. (read more at Millennium-Traders.Com)

http://www.millennium-traders.com/news/newscommentary.aspx





The U.S. Commerce Department reported Tuesday that retail spending in the U.S. grew a mere 0.1% in April after sharp gains during the first three months of the year. Sales excluding the auto sector rose 0.1% last month. The sales increase in March was revised down to 0.7% from 0.8% and the increase in February was revised down to 1.0% from 1.1%. The slowdown in spending suggests the economy may be slowing, at least temporarily, with purchases by consumers accounting for as much as 70% of U.S. growth. Cooler than usual spring weather may have also been a factor. Compared to one year ago, retail sales are 6.4% higher, down from 6.6% a month earlier.



U.S. Commerce Department reported Tuesday that business inventories rose a seasonally adjusted 0.3% in March to $1.58 trillion and sales rose 0.6% to $1.24 trillion. Inventories were 6.6% higher than last year and are not adjusted for price.



The U.S. Department of the Treasury released Treasury International Capital (TIC) data Tuesday, for March 2012, with next scheduled release for April on June 15, 2012. The total in March of all net foreign acquisitions of long-term securities, short-term U.S. securities and banking flows was a monthly net TIC outflow of $49.9 billion. Net foreign private outflows were $57.7 billion and net foreign official inflows were $7.8 billion of the total. In March, foreign residents increased their holdings of long-term U.S. securities to the tune of net purchases of $22.3 billion. Net sales by private foreign investors were $4.0 billion while net purchases by foreign official institutions were $26.3 billion. U.S. residents decreased their holdings of long-term foreign securities, with net sales of $13.9 billion, at the same time. The net foreign purchases of long-term securities were $36.2 billion when taking into account transactions in both foreign and U.S. securities. After including adjustments such as estimates of unrecorded principal payments to foreigners on U.S. asset-backed securities, the overall net foreign acquisition of long-term securities, is estimated to have been $19.0 billion in March. Foreign residents decreased their holdings of U.S. Treasury bills by $2.7 billion. Foreign resident holdings of all dollar-denominated short-term U.S. securities and other custody liabilities decreased by $9.4 billion.



The New York Federal Reserve Bank said Tuesday that manufacturing activity in the New York region showed signs of rebounding in May, almost entirely erasing a decline in previous month. During May, The Fed bank’s Empire State manufacturing index rose to 17.1, from 6.6 in April. With the April level at the lowest since last November, red flags are flying over the factory sector. The April reading followed strong readings during the first three months of the year, including a 20.2 reading in March. Shipments index surged to 24.1 in May from 6.4 in April striking highest level since last May. The new orders index rose to 8.3 from a reading of 6.5 in April but remained well below recent high in January of 13.7. The employment index rose to 20.5 from 19.3 while the workweek index rose to 12.1 from 6.0 in prior month. Prices paid index fell to 37.6 from 45.8 with price pressures easing slightly and prices received index fell to 12.1 from 19.3. The six-month business condition index fell to 29.3 in May from 43.1 in April.



The housing market index rose to 29 from 24 in April, per the National Association of Home Builders/Wells Fargo on Tuesday. Home builder sentiment improved during May to strike the highest reading since the recession on an upturn in sales and traffic. “Builders in many markets are reporting that buyer traffic and sales have picked back up after a pause this April,” said Barry Rutenberg, chairman of the NAHB and a home builder from Gainesville, Fla. The component gauging current sales conditions rose 5 points to 30 and the component gauging traffic of prospective buyers rose 5 points to 23 which was the highest level seen since April 2007. The component gauging sales expectations in the next six months rose three points to 34. David Crowe, chief economist at NAHB, said tough access to credit for both builders and consumers, inaccurate appraisals and rising materials prices have limited gains. Single-family housing starts during March were 10.5% above the levels of March 2011.





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Forum: Stock Market Commentary ]]> http://forum.millennium-traders.com/post?id=5847621 Tue, 15 May 2012 21:40:58 GMT http://forum.millennium-traders.com/post?id=5847354 Forum: Hot Stock Picks ]]> http://forum.millennium-traders.com/post?id=5847354 Tue, 15 May 2012 18:41:27 GMT http://forum.millennium-traders.com/post?id=5845924


Ina Drew, the woman who ran JP Morgan Chase & Co.’s chief investment office, which incurred a trading loss of more than $2 billion, has decided to retire, becoming the first high-ranking casualty in a scandal that has dented the bank’s reputation and prompted fresh calls for tighter regulation of large financial institutions. (read more at Millennium-Traders.Com)

http://www.millennium-traders.com/news/newscommentary.aspx





Bank regulators, including the Federal Reserve, on Monday released stress test guidance for big banks, asking institutions to conduct an analysis of whether the institutions would survive based on a variety of scenarios such as the failure of a major counterparty or a natural disaster. The agencies released four principles to conduct a stress test including one that requires 'multiple' stress test approaches. Additional scenarios banks could consider include a severe recession, a localized economic downturn or a sudden change in interest rates. The new guidance comes after Ally Financial Inc., Citigroup Inc. (C:NYSE) , MetLife Inc. (MET:NYSE) and SunTrust Banks Inc. (STI:NYSE) failed to have enough capital under a stress test conducted on 19 big banks by the Federal Reserve in March 2012. The regulators clarified guidance that community banks with under $10 billion in assets, are not required to conduct the types of stress testing required by big banks.



Ally Financial Inc.'s Residential Capital unit or ResCap - Ally's troubled mortgage subsidiary and former finance arm of General Motors Co. (GM:NYSE) that is now owned by the U.S. government after multiple bailouts in the wake of the global financial crisis - announced Monday that its board of directors voted over the weekend to enter Chapter 11 bankruptcy, which had been anticipated. The Treasury Department on Tuesday said it supported ResCap's bankruptcy filing, saying bankruptcy put taxpayers in a stronger position to continue recovering their investment in Ally Financial. In a separate statement, Ally said it was starting the process to explore 'strategic alternatives' for its international businesses, which includes auto finance, insurance and banking operations in Canada, Mexico, Europe, the U.K. and South America.



Jay Carney, President Obama's spokesman on Monday said J.P. Morgan's $2 billion trading loss reinforces the need for the Dodd-Frank bank reform law and for its full implementation. "Ever since it's passed, there's been millions and millions of dollars spent by Wall Street lobbyists to try to water down, delay and render ineffective the rules that need to be put into place. The President has fought back. And I think that this event merely reinforces why the President was right to take on this fight and why we still need to make sure it's implemented," Carney told reporters on Air Force One, according to a transcript provided by the White House. Carney didn't say whether J.P. Morgan CEO Jamie Dimon was among those who resisted Wall Street reform, when asked by reporters.



Best Buy Co. (BBY:NYSE) founder, Richard Schulze, will resign as chairman of the board, effective after annual meeting on June 21. Best Buy’s investigation of Dunn determined that Schulze acted 'inappropriately' when he failed to bring the allegations of Brian Dunn - former chief executive who resigned in April amid allegations of personal misconduct, to the board’s audit committee. Hatim Tyabji, current chairman of the audit committee, will succeed Schulze. Dunn violated company policy by engaging in an 'extremely close personal relationship with a female employee that negatively impacted the work environment'. “The CEO’s relationship with the female employee demonstrated extremely poor judgment and a lack of professionalism, but the inquiry revealed no misuse of company resources,” the company’s board said in a statement, adding the inquiry also revealed no misuse of aircraft. The company said Schulze failed to raise the matter to the audit committee of the board when the allegations were first raised with him in December. Dunn’s total severance package will be $6.64 million which includes a severance payment of $2.85 million, a previously earned bonus of $1.14 million as well as, previously awarded and reported restricted stock grants valued at $2.54 million based on the company’s closing price on Friday. Part of the agreement with Dunn is that Best Buy raised the period for his non-compete from its standard company policy of one year to three years.





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Forum: Stock Market Commentary ]]> http://forum.millennium-traders.com/post?id=5845924 Mon, 14 May 2012 20:27:05 GMT http://forum.millennium-traders.com/post?id=5845378 Forum: Hot Stock Picks ]]> http://forum.millennium-traders.com/post?id=5845378 Mon, 14 May 2012 15:40:31 GMT http://forum.millennium-traders.com/post?id=5841747


By 8:00am ET Friday, J.P. Morgan Chase (JPM:NYSE) shares were sinking, during pre-market trading and were the most active during the session after reporting late Thursday, a $2 billion trading loss that will eat into Q2 results. (read more at Millennium-Traders.Com)

http://www.millennium-traders.com/news/newscommentary.aspx





The Labor Department on Friday reported that a drop in gasoline prices dragged producer prices down in April by the most in six months. Producer prices fell a seasonally adjusted 0.2% during April to mark the biggest decline since October. The unadjusted 12-month rise of 1.9% in the rate of wholesale-level inflation was the weakest since October 2009. Excluding food and energy, core producer prices edged up 0.2% for the second month in a row where core prices exceeded the headline rate. Energy prices tumbled 1.4% on the month due to a reversal of a recent spike in oil prices as well as continued weakness in natural-gas prices. April showed gains such as, a 17.3% surge for eggs and a 25.1% surge for grapefruit. The gains in the core series came as pharmaceutical prices rose 0.4% and civilian aircraft prices climbed 0.3%. Possibly an indicator that the previous increases in energy prices are starting to filter through to the rest of the economy was a 0.6% gain in plastic consumer products. Prices for partly-processed items such as intermediate goods like flour or lumber, shriveled lower by 0.5%, which also was the largest drop since October. Core intermediate prices rose 0.2%, excluding food and energy - driven by gains in chemicals, plastic packaging products and plastic construction products. Year-on-year, core intermediate prices were up 1.4% in April. Prices of crude materials like raw cotton, grains and crude petroleum fell 4.4%. Corn fell 5.6% and scrap aluminum moved lower by 6.4%.



University of Michigan-Thomson Reuters consumer sentiment edged higher in May to the best reading since the recession, as declining gasoline prices appear to have offset slowing job-markets growth. Consumer sentiment preliminary reading index in April rose to 77.8 from 76.4 striking the best reading since January 2008, one month after the recession started. The current economic conditions index jumped to 87.3, striking the best reading since January 2008, from 82.9 in April. The index of consumer expectations fell to 71.7 from 72.3 in April.



“A lot of commentators said where were the regulators?” Securities and Exchange Commission Chairman Mary Schapiro told an annual Investment Company Institute mutual fund conference filled with officials and lobbyists who opposed further regulation. “They saw these risks evolving and they didn’t ring the alarm bells.” Schapiro defended her decision on Friday to bring new regulations to the $2.5 trillion money-market fund industry by reminding a reluctant audience of the recent financial crisis. Expectations are growing nearer for a proposal by the SEC of at least two alternatives for regulating the industry. The proposals include one that permits a floating net asset value or NAV, for money-market mutual funds and another would impose capital restrictions and limitations or fees on redemptions by consumers. Schapiro wants to make the proposals and give the fund industry a chance to make suggestions. “I want to talk about what happens if we go forward with a capital buffer. What happens if we try to go to a floating NAV,” she said. “What are the other possibilities that exist to deal with these issues and have an honest and open debate.” Schapiro argued that the SEC is seeking to limit taxpayer exposure to the industry, after one of the largest - the $60 billion Reserve Primary Fund - suffered a run on assets due to losses connected with the failure in September 2008 of Lehman Brothers. Schapiro reiterated that to stem the panic, the Treasury Department had to step in with a guarantee program, while the Federal Reserve created a liquidity facility. She added that such safety nets would not be available in any future crises. “I have a very legitimate concern about the risks that are proposed by the state of regulation and the potential to cause ruin, and it is not hypothetical,” Schapiro said. Some money-fund managers, corporate treasurers and municipalities argue a floating NAV or new capital and redemption restrictions would severely hurt the industry and as a result - treasurers and municipalities argue they may no longer be interested in using the investment vehicle. The rules require 10% of securities in a fund be available for redemption daily and 30% of the fund be available for redemption in seven days.





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Forum: Stock Market Commentary ]]> http://forum.millennium-traders.com/post?id=5841747 Fri, 11 May 2012 19:48:24 GMT http://forum.millennium-traders.com/post?id=5841086 Forum: Hot Stock Picks ]]> http://forum.millennium-traders.com/post?id=5841086 Fri, 11 May 2012 14:48:56 GMT http://forum.millennium-traders.com/post?id=5839351


Federal Reserve Board Chairman Ben Bernanke on Thursday reported that conditions in the U.S. banking system have improved, but banks have more work to do to restore health and adapt to the new regulatory environment. (read more at Millennium-Traders.Com)

http://www.millennium-traders.com/news/newscommentary.aspx





The Commerce Department said Thursday that the U.S. trade deficit widened sharply in March as imports snapped back, reversing course after having fallen the prior month. The Department reported that the nation’s deficit expanded 14.1% in March to $51.8 billion from a revised $45.4 billion in February. The wider deficit in March was broadly in line with forecasts included in the recent initial estimate of Q1 U.S. gross domestic product. The Department estimated that GDP, measuring aggregate growth in goods and services decelerated to a 2.2% annual rate in Q1 from a 3.0% rate in Q4 with trade having little impact. During March, both imports and exports rose. Imports expanded at a much faster pace, rising 5.2% to $238.6 billion while imports of capital goods, autos, parts and engines - rose to record highs. As industrial supplies and capital goods set new records, exports increased with a rise by 2.9% to $186.8 billion. Exports of civilian aircraft which is a key area of strength, rose 3.6% in March. Exports to Canada, Mexico, the European Union and South Korea were the highest on record during March. The Obama administration has set a goal to double U.S. exports by 2014. Normally, a widening trade surplus is considered a good thing however; April’s results appeared more related to a weakness in imports as well as a sign of deteriorating demand in China for goods ranging from Italian supercars to U.S. baby formula. The Department also reported that the trade deficit with China totaled $21.7 billion in March, wider than both the $18.1 billion in the same month last year and the $19.4 billion seen in February. The U.S. appetite for oil increased along with the rise in imports during March with the petroleum deficit widening 3.5% to $28.6 billion. As the price of oil rose to $107.95 a barrel from $103.63 in the previous month, the value of U.S. crude-oil imports rose to $29.2 billion in March from $23.3 billion in February striking highest price since May 2011. The quantity of crude imports climbed to 270.9 million barrels in March from 225.6 million in February.



The Labor Department reported Thursday that the number of people who applied for jobless benefits last week was basically unchanged, suggesting little movement in what has been a slowly healing U.S. labor market. First-time jobless claims fell by a mere 1,000 to a seasonally adjusted 367,000 in the week ended May 5. Jobless claims from two weeks ago were revised up to 368,000 from an original reading of 365,000. As an indication that the pace of hiring has leveled off after a fast start entering 2012, claims have bounced between a low of 361,000 in early February to a high of 392,000 in late April. A mark of a deterioration in the 200,000 plus new jobs created during the late-winter months has been evident over the last two monthly employment reports. Over the past four weeks, new jobless claims filed fell by 5,250 to 379,000. The four-week average reduces seasonal volatility in the weekly data and is seen as a more accurate barometer of labor-market trends. Continuing claims reported by the Labor Department decreased by 61,000 to a seasonally adjusted 3.23 million in the week ended April 28. Nearly 6.42 million people - down 174,529 from the prior week - received some type of state or federal benefit in the week ended April 21 with total claims reported with a two-week lag.



According to fresh data from the Labor Department, U.S. import prices fell 0.5% during April after a revised 1.5% spike in March, mainly as the price of oil receded. The government's index of imported petroleum prices fell 1.8% and the fuel index dropped a sharper 2.1%. Excluding fuel, U.S. import prices rose 0.1% last month while imported autos posted the biggest increase since June 2011, up 0.4%, while food, feedstuff and beverages edged up 0.1%. Import prices have risen just 0.5% over the past 12 months while export prices rose 0.4% in April following a 0.8% increase in March.





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Detailed historic performance available on our Market Commentary section.



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Millennium-Traders.Com

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Forum: Stock Market Commentary ]]> http://forum.millennium-traders.com/post?id=5839351 Thu, 10 May 2012 21:23:42 GMT http://forum.millennium-traders.com/post?id=5837593


Reports out on Wednesday indicate that a group of orangutans at a Miami zoo are using Apple (AAPL:NASDAQ) iPads to communicate with their keepers. (read more at Millennium-Traders.Com)

http://www.millennium-traders.com/news/newscommentary.aspx



The Commerce Department reported Wednesday that U.S. wholesale inventories rose 0.3% in March to $480.4 billion, while wholesale sales rose 0.5% to $411.1 billion. Inventories-to-sales ratio remained unchanged at 1.17 with inventories of durable goods rising 1% in March and inventories of nondurables decreased 0.6%. During February, total inventories grew 0.9%, while sales rose 1.1%.



Per a regulatory filing Wednesday, the second-largest shareholder of Krispy Kreme Doughnuts (KKD:NYSE), Robert Stiller, sold his entire 11.8% stake in the North Carolina-based doughnut chain - 8 million shares for $6.15 a share on Monday. Stiller has come under fire for a recent stock sale in Green Mountain Coffee Roasters (GMCR:NASDAQ) after a margin call forced him to sell 5 million shares and the company stripped him of his chairmanship. Green Mountain said the sale was 'inconsistent with the company's internal trading policies'. Stiller remains on the board of GMCR but will not be paid 'until the board determines otherwise'.



On Wednesday, the European Financial Stability Facility agreed to disburse 5.2 billion euros ($6.72 billion) in emergency assistance to Greece. Per a senior euro-zone official, due to political uncertainties in Greece and despite resistance from some euro zone members, the EFSF board over-ruled the opposition. Greece would have difficulty honoring financial obligations without the funds and has about 435 million euros of bonds maturing next Tuesday.



Fannie Mae on Wednesday reported Q1 earnings of $2.71 billion versus a year-ago loss of $6.47 billion. After accounting for preferred dividends, on a per share basis they posted a loss of 2 cents, versus a loss of $1.52 a year ago. Fannie said it put aside $2 billion this quarter for credit loss provision compared to the $10.55 billion it set aside a year ago.



During Q1, AOL Inc.'s (AOL:NYSE) reported a profit of $21.1 million or 22 cents a share, compared with a year-earlier profit of $4.7 million, or 4 cents a share. AOL outlined fresh measures to appease activist shareholders skeptical about its turnaround efforts. The new measures include returning to shareholders all proceeds of its $1.06 billion patent sale to Microsoft Corp. (MSFT:NASDAQ), as well as nominating independent board members and reporting its financial results more transparently. The latest period also includes a $10.8 million non-cash gain related to the company's acquiring a controlling interest in a pre-existing investment. Revenue declined 4% to $529.4 million. Advertising revenue which is the largest top-line contributor for AOL, increased 5.2% to $330.1 million as a double-digit jump in third-party network revenue helped offset weaker results in the search and contextual ad business. Boosting advertising dollars is a crucial goal for AOL as it shifts away from its waning Internet subscription business. AOL has spent heavily on the effort, making acquisitions like its $315 million purchase last year of online news and commentary website Huffington Post. Subscription revenue dropped 15% to $182.1 million and overall traffic fell 4% at AOL's websites to 108 million unique visitors. Chief executive Tim Armstrong said the upbeat earnings are evidence that restructuring efforts are paying off and that AOL is committed to boosting value for its shareholders. "AOL is a much stronger company today than a year ago," Armstrong said in a press release. AOL said it plans to boost operating profit for 2012 and make its much-criticized Patch.com business profitable by 2013. AOL faces a proxy battle with activist shareholder which holds around 5.3% of AOL's outstanding shares - Starboard Value who has criticized Armstrong's efforts to grow advertising revenue through AOL assets like Patch.com. AOL said it still anticipates a proxy fight with Starboard as its June 14 shareholder meeting approaches despite reports that AOL and Starboard could reach a compromise.





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Detailed historic performance available on our Market Commentary section.



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Thanks for reading

Millennium-Traders.Com

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Forum: Stock Market Commentary ]]> http://forum.millennium-traders.com/post?id=5837593 Wed, 09 May 2012 20:30:35 GMT http://forum.millennium-traders.com/post?id=5837252 Forum: Hot Stock Picks ]]> http://forum.millennium-traders.com/post?id=5837252 Wed, 09 May 2012 16:24:11 GMT http://forum.millennium-traders.com/post?id=5836140


Will the eventual regulation by the FTC be a 'Do Not Track' option or a 'Do Not Collect' option? (read more at Millennium-Traders.Com)

http://www.millennium-traders.com/news/newscommentary.aspx





According to CoreLogic, U.S. home prices edged up 0.6% in March, the first monthly rise since July 2011 representing a year-on-year fall of 0.6%. Excluding distressed home sales, month-over-month home prices increased for the third month consecutive month. "This spring the housing market is responding to an improving balance between real estate supply and demand which is causing stabilization in house prices," said Mark Fleming, chief economist for CoreLogic. "Although this has been the case in each of the last two years, the difference this year is that stabilization is occurring without the support of tax credits and in spite of a declining share of REO sales."



As part of a $25 billion foreclosure abuse settlement, big banks are mailing letters offering to cut mortgage debt for hundreds of thousands of borrowers - actions overseen by state attorneys general, U.S. Housing and Urban Development Secretary Shaun Donovan. "There are thousands of families that have already benefited and hundreds of thousands more that are now getting these letters, not just from Bank of America, but they are being mailed from all of the five banks," Donovan said at a Senate Banking Committee hearing. Banks involved in the settlement are Bank of America Corp. (BAC:NYSE), Wells Fargo & Co. (WFC:NYSE), J.P. Morgan Chase & Co. (JPM:NYSE), Citigroup Inc. (C:NYSE) and Ally Financial Inc. Bank of America executives alone are offering mortgage principal reduction to as many as 200,000 borrowers.



Shaun Donovan, secretary for the U.S. Housing and Urban Development Department, told lawmakers at a Senate Banking Committee hearing on Tuesday that there are large barriers to borrowers participating in the HARP program, and that he backed legislation introduced by Sen. Robert Menendez, Democrat of New Jersey, to seek to reduce costs even more for borrowers and lenders including a provision that would eliminate appraisal costs for borrowers in all markets. On Tuesday, Donovan, joined by President Barack Obama supported efforts to expand refinancing opportunities. Obama called on Congress to act on a 'to-do list' including passing legislation to help underwater borrowers. At the end of Q4 2011 roughly 11 million U.S. residential properties were 'under water' with borrowers owing more on their mortgages than their homes were worth. The legislation also seeks to allow certain higher-equity Fannie and Freddie borrowers to participate, noting that many people who do not owe more than their mortgage is worth are blocked from refinancing because they have other debts or second mortgages. Donovan is also pushing for another provision in the bill that would seek to reduce additional barriers to competition by directing Fannie and Freddie to lower litigation risk for lenders who refinance loans they did not originate. “One of the key barriers we have is that servicers who don’t have that loan or service that loan are being discouraged from refinancing that loan,” according to Donovan. “There are a number of changes we can make there, underwriting changes there to lower cost of refinancing.” Democrats argue that the provisions in the Menendez legislation could be implemented by the Federal Housing Finance Agency, the regulator that oversees government-seized Fannie and Freddie, without an act of Congress. Democrats contend that the legislation could drive FHFA and its chief Ed DeMarco to move on the motion. A number of Democratic lawmakers cite comments made by Columbia University Professor Christopher Mayer who estimated that nearly 11.6 million new refinancings could take place based on the provisions in the Menendez legislation. Mayer said that it could hike profits to Fannie and Freddie by potentially preventing nearly 400,000 foreclosures. Republicans on the committee said they were willing to work with Democrats to create bipartisan legislation, but raised concerns indicating that they may try to tackle much-larger initiatives along with the Menendez legislation all of which could bog down the bill and limit or delay its chance of passage.





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Forum: Stock Market Commentary ]]> http://forum.millennium-traders.com/post?id=5836140 Tue, 08 May 2012 21:57:25 GMT http://forum.millennium-traders.com/post?id=5835935 Forum: Hot Stock Picks ]]> http://forum.millennium-traders.com/post?id=5835935 Tue, 08 May 2012 19:37:06 GMT