10 Countries that will survive the credit meltdown of next year.

10.Switzerland – Probability of Default 3.9%
9. Belgium – 3.8%
8.Australia – 3.2%
7. USA – 2.9%
6.Denmark – 2.6%
5.Netherlands – 2.5%
4.France – 2.2%
3.Finland – 2.1%
2.Germany – 1.9%
………………
1.Norway – with cumulative probability of Default = 1.4%…. The Statistics Norway announced that the trade surplus stood at NOK 29.8 billion in November, down from NOK 38.29 billion surplus recorded a [...]

Home Sales Up in November

Existing home sales were up 7.4% in November and the mortgage rates have risen. Current sales are at the highest level since Feb 2007. Some economists claim that this rise was expected due to the first time buyers looking to benefit from the tax credit. Not surprising NAR (National Association of Realtors) reported that 51% [...]

Your First Move For Today

Tim Seymour – long on Barrick Gold (ABX)
Guy Adami – buy on Trina Solar (TSL)
Joe Terranova – long Visa (V)
Pete Najarian – long on Teck Resources (TCK)
For more on your first move for today click here.

Economic Calendar 12/17/2009

8:30 Initial Jobless Claims
9:30 Bernanke reappointment vote
10:00 Leading Indicators
10:00 Philly Fed Business Outlook
10:30 EIA Natural Gas Inventory
1:00 PM Fed’s Fisher: State of Global Economy
4:30 PM Money Supply
4:30 PM Fed Balance Sheet

Market Update 12/17/09 7:49 am

Asia mixed with Europe trading lower. Higher $ and Treasuries make futures to open lower:
NIKKEI -0.1%
HANG SENG -1.2%
SHANGHAI -2.3%
BSE -.01%
FTSE -0.9%
CAC -0.6%
DAX -0.7%

Your First Move For Today

Gary Kaminsky – long on Clorox (CLX)
Joe Terranova – buy on Google (GOOG)
Pete Najarian – buy on Cliffs (CLF)
For more on your first move on today click here.

Economic Calendar 12/15/2009

8:30 Producer Price Index
8:30 Empire State Mfg Survey
8:55 Redbook Chain Store Sales
9:00 International Capital Flow
9:15 Industrial Production
10:00 Results of $75B, 28-Day TAF Auction
12:00 PM FOMC Meeting, Day 1
1:00 PM NAHB Housing Market Index
5:00 PM ABC Consumer Confidence Index

Market Update 12/15/2009

Soft open over here with lower overseas markets:
NIKKEI -0.2%
HANG SENG -1.2%
SHANGHAI -0.9%
BSE -1.3%
FTSE -0.7%
CAC -0.2%
DAX -0.2%

Your First Move For Monday

Joe Terranova – sell on Church & Dwight (CHD)
Guy Adami – long on L3 Communications (LLL)
Karen Finerman – long Boston Scientific (BSX)
Pete Najarian – buy on Danaher (DHR)
For more on your first move for today click here.

Economic Calendar 12/14/2009

- President Obama meets with bank heads.

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