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aussiebear

World Stock Markets Trading Discussion - Skimpy static

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Felt like consolidation yest and probably was: Monster upmove in Futures this morning.

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All Ords 5-day chart

big.chart?nosettings=1&symb=AU:XAO&uf=0&

http://bigcharts.mar...com/default.asp

 

All Ords floated slowly back to Earth to finish -0.1%.  Sectors ranged from Healthcare +1.7%, Telecomms +1.1% down to IT -3% and Consumer Discretionary -2.5%.

Over in Asia, China +0.1%, Hong Kong -0.1%, Japan -0.5%, India currently -0.1%.

Onward and upward in UK/Europe: FTSE +0.3%, DAX +0.7%, CAC +0.3%.

 

big.chart?nosettings=1&symb=UK%3AUKX&uf=

  

  

big.chart?nosettings=1&symb=DX%3ADAX&uf=

 

 

big.chart?nosettings=1&symb=FR%3APX1&uf=

  http://bigcharts.mar...com/default.asp

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A TALE OF TWO MINERS

BHP has market cap of $309 Billion and has $12.5 B in FCF.    P/CF ratio of  24.

Glencore has market cap of $37 Billion and free cash flow of $7 Billion a P/CF ratio of 6.

A dollar spent on a share of Glencore provides 4 times the free cash flow of a dollar spent on a share of BHP.

So much for the efficient market hypothesis.

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2 day cycle projection 2894 was done but 3 day says 2901. 

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There are 3 resistance trendlines around 2895-96. 

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Lets face it: In ordinary times that attack today at the oil tankers would have been good for a 1,000 point drop in the Dow.

This market is unstoppable. And if the debt ceiling is a problem it simply will be lifted. World wide ZIRP is a HUGE HUGE force.

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39 minutes ago, fxfox said:

Lets face it: In ordinary times that attack today at the oil tankers would have been good for a 1,000 point drop in the Dow.

This market is unstoppable. And if the debt ceiling is a problem it simply will be lifted. World wide ZIRP is a HUGE HUGE force.

The new idea Poison/Alchemy being pushed.........

Full time FED sponsored Standing Repo Facility

to go with all the other BS "liquidity tools" of all the central banks, too many to list now a days......

ZIRP will look relatively honest, compared to World Wide NIRP........

Japanification/Venezuelanfication will somehow "look smarter" than any other alternative......

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1 hour ago, fxfox said:

Lets face it: In ordinary times that attack today at the oil tankers would have been good for a 1,000 point drop in the Dow.

This market is unstoppable. And if the debt ceiling is a problem it simply will be lifted. World wide ZIRP is a HUGE HUGE force.

Who attacked the ships, and how and why?  

That the president is literally crazy and the political system paralyzed and careening into total dysfunction is the big enchilada here. .

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2 hours ago, fxfox said:

Lets face it: In ordinary times that attack today at the oil tankers would have been good for a 1,000 point drop in the Dow.

This market is unstoppable. And if the debt ceiling is a problem it simply will be lifted. World wide ZIRP is a HUGE HUGE force.

You have it backward. 

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