The Traderszone Network

Investors should stay away from Brazil, Dennis Gartman says.

Brazilian markets and stocks rallied Monday after a Sunday vote set up an unexpected, head-to-head runoff in the country’s presidential election. Incumbent Dilma Rousseff topped the polls with nearly 42% of the vote. Challenger Marina Silva, a former environment minister, won 21% of the turnout and was bumped from the contest.

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Some big-cap leaders have been around for decades. But because they “reset” their charts, they are worth a look as new potential investments. A case in point is Amgen (AMGN), the biotech company that went public in June 1983. The stock came out of a long 2005-12 correction that reset the chart.

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Big companies have turned to spinoffs, debt-enabled buybacks and other asset-shuffling moves to please Wall Street. H-P’s planned split is just more of the same.

One in ten U.S. gasoline stations have already cut prices below the $3 a gallon mark … and supply and demand dynamics mean they could keep falling.

Hope… less

Source: Cagle via Sunday Funnies

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Credit unions charge dramatically less than national banks, and six food trails across the country.
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