Home About Millennium Forum Guide to Services Trial Subscribe Member Login
Live chat by Boldchat

Stocks Trading Room
Futures Trading Room
Forex Trading Room
Options Trading Room
Chart Settings
Triple Access
Double Access
Stocks Trading Room
Futures Trading Room
Forex Trading Room
Options Trading Room
Market Commentary
Economic Calendar
Weekly MarketNews
Trader Tips
Market Alerts
Stocks Chat Room
Futures Chat Room
Forex Chat Room
Options Chat Room
Penny Stocks Chat Room Trading Rooms
Performance Tracking
Other Services
General Information
Stocks
Futures
Forex
Options
Penny's
FREE e-Book
Taking Day Trading
by Storm


Get into the basics on how to become a Professional Day Trader!

more info...







Bank Executives Above The Law

Bank Executives Above The Law Bank Executives Above The Law

Appearing before the Senate Judiciary Committee on Wednesday, Attorney General Eric Holder admitted that bank executives truly are above the law and may commit crimes with virtual impunity. “I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them,” Holder said. Under questioning by Republican Chuck Grassley of Iowa, ranking member of the Committee Holder said, “I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them,” Holder added, “When we are hit with indications that if you do prosecute, if you do bring a criminal charge, it will have a negative impact on the national economy, perhaps even the world economy. I think that is a function of the fact that some of these institutions have become too large.” Holder suggested to the Committee that, the size of these banks will preclude bringing them to justice, until Congress does something about it. “I think it has an inhibiting influence, impact, on our ability to bring resolutions that I think would be more appropriate,” Holder said. “I think that’s something that we, you all, need to consider.” Holder conceded that levying a fine that is a small percentage of profit for most banks, is much less effective in scaring bank executives into obeying the law than putting some individuals in jail. “You are right, senator,” Holder replied to another question from Grassley. “The greatest deterrent effect is to prosecute the individuals in the corporations that are responsible for those decisions. The U.S. Justice Department is under pressure from Grassley and Senator Sherrod Brown (D) and chairman of the Senate subcommittee on financial institutions and consumer protection, to release the names of the outside “experts” officials say advised them that it would threaten financial stability to prosecute big banks. The “Geithner doctrine” documented by numerous eyewitnesses to the administration’s deliberations on the financial crisis, former Treasury Secretary Timothy Geithner consistently advocated preservation of the banks as the paramount objective in any measure.

Senator Elizabeth Warren (D) noted in a statement following Holder’s testimony Wednesday, “It has been almost five years since the financial crisis, but the big banks are still too big to fail …and are still not being held fully accountable for breaking the law.” Warren took Federal Reserve Chairman Ben Bernanke to task at a hearing last week for the “subsidy” reaped by the big banks from the perception that they are too big to fail. Warren said, “If you’re caught with an ounce of cocaine, chances are good you’re going to go to jail. If it happens repeatedly, you may go to jail for the rest of your life. But evidentially, if you laundered nearly a billion dollars for drug cartels and violated our international sanctions, your company pays a fine and you go home and sleep in your own bed at night, every single individual associated with this. And I just, I think that’s fundamentally wrong.”

Carl Icahn, with a 6% stake in Dell (DELL), a Round Rock, Texas, computer maker, doesn't like the offer from founder Michael Dell and Silver Lake Partners, to take the company private. The offer, in Icahn's eyes, is a weak, unacceptable bid and won't be happening the way they expect if he has anything to say about it. Dell reported that a special committee of board members are "conducting a robust 'go-shop' process to determine if there are third parties interested in proposing alternative transactions that could be superior," in a statement response to Icahn. Icahn says Dell needs to be prepared to pay a $9-a-share special dividend should shareholders vote the purchase down. When added to Icahn's view of the value for Dell shares at $13.81, stock shares would be worth $22.81-a-share. Icahn says the board and buyout group should get ready for potentially years of lawsuits, unless they change direction.


U.S. Labor Department reported Q4 U.S. productivity of businesses and workers fell 1.9%. Unit-labor costs climbed slightly higher by 4.6% instead of 4.5%. Productivity in the manufacturing sector rose sharply higher by 2.1% following a 0.9% decrease in Q3. U.S. productivity rose 0.7% for all of 2012. U.S. workers hourly wages rose 2.6% vs. an initial reading of 2.4% however, when adjusted for inflation, hourly wages increased by a much smaller 0.4%. Output of goods and services for Q4 was revised by Labor Dept. higher by a 0.5% increase from 0.1%. Labor revised Q4 hours worked up by a 2.5% gain from 2.2%.

U.S. Commerce Department reported on Thursday that the U.S. trade deficit widened by $6.3 billion to $44.4 billion in January, for the largest one-month deficit since March 2012. The U.S. trade deficit in goods with China widened to $27.8 billion in January while U.S. exports to the euro area were down 2.2% on a year-on-year basis. During January, exports fell 1.2% to $184.5 billion, per Commerce. Partially reversing a 2.6% drop in December, imports rose 1.8% to $228.9 billion in January. The value of U.S. crude oil imports (not price related) rose to $24.5 billion in January from $21.2 billion in December. In January, crude imports jumped to 260.7 million barrels. After two straight monthly declines, petroleum deficit in January widened by 27.2% to $10.6 billion.

Federal Reserve reported Thursday that U.S. consumers increased their debt at a 7% pace in January, by a seasonally adjusted $16.2 billion for the largest monthly increase since August 2012. Consumer debt in January was led by the non-revolving debt such as auto loans, personal loans and student loans, all which surged higher by $16.0 billion or 10%. For January, credit-card debt increased by $106 million or 0.2%.

European Central Bank President Mario Draghi reiterated that monetary policy will remain "accommodative" against a backdrop of "firmly anchored" inflation expectations on Thursday as the ECB announced they maintained its key lending rate unchanged at 0.75%. The Bank of England will maintain the size of its asset-buying program at 375 billion pounds or $565 billion. Draghi said data continue to suggest the euro-zone economy should stabilize in the first half, with activity set to pick up later in 2013.
 

Milestone for Millennium-Traders, we are extremely proud to be one of the top 1% most viewed LinkedIn profiles for 2012.

Double Down Offers on Subscriptions, monthly rates at low as $75 per month plus, weekly subscriptions now available.

Free e-BOOK on Day Trading with confirmed subscription to our Free Weekly MarketNews newsletter.

One week trial to our Day Trading Rooms for stocks, futures, forex and options.

Professional Training Programs available for stocks, futures, forex and options traders.

Live Stocks trading calls focus on NYSE, NASDAQ and AMEX.

Live Futures trading calls focus on YM, NQ, TF and ES.

Live Forex trading calls based on New York trading session focus on GBPUSD, USDCAD, USDJPY, EURUSD, GBPJPY, USDCHF, EURJPY, EURAUD, AUDJPY, CHFJPY, EURCAD, GBPCAD and AUDUSD.

Live Options Trading Room available to subscribers weekdays starting at 9am ET.

Detailed historic performance for all calls is available on our Market Commentary page.

Opt-in to our free Weekly MarketNews sent via email, first trading day of the week which includes recap of markets from previous week and what is ahead for the upcoming trading week.

Monthly Trading Lesson provides new trading subject every month.

Register now for our Free Chat Rooms - penny stocks, options, stocks, futures and forex! Chat with other traders any time, day or night, 24-hours a day.



Mar 7, 2013


Top of the page


   

Performance
Stocks Trading Room
Total for Year
Last Week
$70,240.00
$0.00
Futures Trading Room
Total for Year
Last Week
$85,270.50
$0.00
Forex Trading Room
Total for Year
Last Week
$251,937.90
$0.00
Options Trading Room
Total for Year
Last Week
$145,900.00
$0.00
empty
Total for Year
Last Week
$0.00
$0.00
News & Commentary

Forex Day Trading Room Performance for May 6, 2016

Futures Day Trading Room Performance for May 6, 2016

Forex Day Trading Room Performance for May 5, 2016

Futures Day Trading Room Performance for May 5, 2016

Stocks Day Trading Room Performance for May 5, 2016

Forex Day Trading Room Performance for May 4, 2016

Futures Day Trading Room Performance for May 4, 2016

Forex Day Trading Room Performance for May 3, 2016

Futures Day Trading Room Performance for May 3, 2016

Stocks Day Trading Room Performance for May 3, 2016


News & Commentary

Monthly Trading Lesson


RSS Feed...
subscribe by
clicking on above

Social Networks...
subscribe by
clicking Icons below