aussiebear Posted April 29, 2009 Report Share Posted April 29, 2009 Found in Hainan, China. Link to comment Share on other sites More sharing options...
aussiebear Posted April 29, 2009 Author Report Share Posted April 29, 2009 Closed http://finance.yahoo.com/intlindices Link to comment Share on other sites More sharing options...
aussiebear Posted April 29, 2009 Author Report Share Posted April 29, 2009 http://money.cnn.com/markets/morning_call/ http://www.kitco.com http://www.kitconet.com/webcharts/base_metals.html Energy futures Link to comment Share on other sites More sharing options...
aussiebear Posted April 29, 2009 Author Report Share Posted April 29, 2009 Still trying to find direction with All Ords currently -0.2%. The Financial sector is down the most, -1.3% followed by Gold -1.1% and IT -1%. Consumer Discretionary is the greenest, +1.7% with Energy and Utilities both +1.1%. Link to comment Share on other sites More sharing options...
capitall Posted April 29, 2009 Report Share Posted April 29, 2009 Some "entrepreneurs" seize the opportunity predented by Swine Flu. Caveat emptor. Interesting that we have a very ancient saying of that type. Hucksters must be the 2nd oldest profession. http://www.reuters.com/article/internetNew...E53Q5Z220090427 Link to comment Share on other sites More sharing options...
snorkels4 Posted April 29, 2009 Report Share Posted April 29, 2009 Alex Jones_ BULLHORNS Ben Bernanke!!! http://www.youtube.com/watch?v=__8gc9L8zZY...PL&index=27 Link to comment Share on other sites More sharing options...
zensmoke Posted April 29, 2009 Report Share Posted April 29, 2009 29-Apr 8:30 AM GDP-Adv. 29-Apr 8:30 AM Chain Deflator-Adv. 29-Apr 10:35 AM Crude Inventories 29-Apr 2:15 PM FOMC Rate Decision Link to comment Share on other sites More sharing options...
zensmoke Posted April 29, 2009 Report Share Posted April 29, 2009 April 29 (Bloomberg) -- Bank of America Corp. Chief Executive Officer Kenneth Lewis is losing shareholder support heading into today’s annual meeting amid speculation that government stress tests will show the bank needs more capital. Lined up against Lewis’s re-election as chairman of the biggest U.S. bank by assets are the California Public Employees’ Retirement System -- the nation’s largest public pension fund -- as well as proxy advisers Glass Lewis & Co., RiskMetrics Group Inc. and Egan-Jones Proxy Services, among other investors. Shareholders have also targeted 70-year-old lead director Temple Sloan Jr. Ballots will be cast at the bank headquarters in Charlotte, North Carolina on whether to re-elect directors and split the chairman and CEO jobs held by Lewis. Dislodging Lewis after eight years as chairman may depend on how mutual funds and brokerages vote, opponents including CtW Investment Group said. Bank of America CEO’s Support Erodes Ahead of Meeting (Update1) http://www.bloomberg.com/apps/news?pid=206...&refer=home Link to comment Share on other sites More sharing options...
aussiebear Posted April 29, 2009 Author Report Share Posted April 29, 2009 Just a big sideways move on the 5-day chart. All Ords -0.3% with sectors evenly divided. Financials fell the most, -2.7% followed by IT -1.1% and Gold -0.7%. Greenwise, Utilities +2.2%, Consumer Discretionary +2% and REITS +1.7%. Asia buoyant: China +2.6%, Honkers +2.8% and India +2%. Nikkers closed. Over to UK/Europe: Footsie DAX CAC 40 http://finance.yahoo.com/ Link to comment Share on other sites More sharing options...
aussiebear Posted April 29, 2009 Author Report Share Posted April 29, 2009 N.Z. Business Confidence Rises April 29 (Bloomberg) -- New Zealand business confidence posted its biggest gain in more than 16 years in April as tax cuts and lower borrowing costs made companies less pessimistic about consumer spending, profits and hiring. A net 3.8 percent of companies surveyed this month expect sales and profits will decline over the next 12 months from 21.2 percent in March, according to a report released by ANZ National Bank Ltd. in Wellington today. The net figure subtracts the number of pessimists from the number of optimists. Fewer businesses said they plan to reduce workers and cut capital spending, adding to signs the economy may recover later this year from the worst recession in more than three decades. Exports, which make up 30 percent of the economy, rose to a record in March, according to a government report today. Link to comment Share on other sites More sharing options...
aussiebear Posted April 29, 2009 Author Report Share Posted April 29, 2009 Ireland to Shrink Most of Any Economy Since 1930s April 29 (Bloomberg) -- Ireland’s economy may shrink almost 12 percent in the three years through 2010, the biggest decline of any industrialized country since the Great Depression of the 1930s, the country’s Economic & Social Research Institute said. Gross domestic product may decline 8.3 percent this year, the Dublin-based institute said in its quarterly report today, more than double the contraction it forecast in December. The contraction over the three years would be the worst in an industrialized economy since an 11 percent decline in Finland between 1990 and 1993, the ESRI said. Ireland, once the fastest- growing economy in the euro region, is struggling to contain a swelling budget deficit and deal with a surge in unemployment after the collapse of a housing boom and as companies from Dell Inc. to Royal Bank of Scotland Group Plc cut jobs. Link to comment Share on other sites More sharing options...
Jetlag Posted April 29, 2009 Report Share Posted April 29, 2009 Big Finanglers knew that rates were going to collapse at the end of this debt cycle: http://www.bloomberg.com/apps/news?pid=206...&refer=home "State-owned companies and local authorities from Germany to Italy reported more than 1.13 billion euros of losses on derivatives that allow buyers to speculate or protect against risk, leaving taxpayers to pick up the tab. 2 "In Germany, the Wuerzburg Regional Court ordered Deutsche Bank in March 2008 to cover a third of the 2.6 million euros city utilities lost in interest-rate swaps bought from the lender." "“The French rules, which do not limit the risk taken by local authorities using structured debt, favored the growth” of derivatives, the ratings company said. " "About 25 percent of the 132 billion euros of debt owed by local public administrations in France was tied to derivatives as of January, according to Christophe Parisot, a Fitch anal cyst in Paris. " "Milan’s financial police seized 476 million euros of assets from UBS AG, Deutsche Bank, JPMorgan and Depfa Bank Plc this week in an investigation into alleged fraud linked to the sale of interest-rate swaps, which are designed to protect buyers against losses caused by fluctuations in borrowing costs. " Link to comment Share on other sites More sharing options...
Jetlag Posted April 29, 2009 Report Share Posted April 29, 2009 More dilution threatened: "At least six of the 19 largest U.S. banks require additional capital, according to preliminary results of government stress tests, people briefed on the matter said. While some of the lenders may need extra cash injections from the government, most of the capital is likely to come from converting preferred shares to common equity, the people said. The Federal Reserve is now hearing appeals from banks, including Citigroup Inc. and Bank of America Corp., that regulators have determined need more of a cushion against losses, they added. " http://www.bloomberg.com/apps/news?pid=206...&refer=home Link to comment Share on other sites More sharing options...
Jetlag Posted April 29, 2009 Report Share Posted April 29, 2009 I wonder why there's been so little speculation about this Fed meeting, either here or in the media. Nary a peep. I'm getting a sense of foreboding. Cuz it's all good again: "Federal Reserve officials will probably hold off boosting their purchases of Treasuries and mortgage securities as they gauge the strength of the “green shoots” of an economic recovery. " http://www.bloomberg.com/apps/news?pid=206...&refer=home Link to comment Share on other sites More sharing options...
Cassiopeia Posted April 29, 2009 Report Share Posted April 29, 2009 Swine flu claims first US death, CDC confirms. WSJ This morning The new data indicated the strain was causing more severe illness in the U.S. than originally seen; only one of the first 40 confirmed cases had to be hospitalized. President Barack Obama on Tuesday asked Congress for $1.5 billion in additional funds to fight the epidemic, and lawmakers convened for a hearing to evaluate measures taken so far. Link to comment Share on other sites More sharing options...
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