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IDS World Markets Fri 15th December 06


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Have to drop the mutt off at the vet and do some other biz, back later with market report....

 

 

t?s=^AORD

 

Okay back into the action... A touch more caution today after yesterday's run. All Ords +0.1% with sectors mixed. Energy is today's winner, +0.9% and Healthcare is at the other end in a pullback, -0.4%.

 

Miners are up: BHP +0.7%, RIO +0.5% and in the golds, Newcrest and Newmont +0.5% with Lihir flat.

 

Oils are moving up on reasonable volume: Woodside +1.4% and Santos +0.2%.

 

Asia heading north: Singers +0.9%, Nikkers +0.8% and Taiwan +0.7%.

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Japan's Business Confidence Rises to a Two-Year High

 

Dec. 15 (Bloomberg) -- Confidence among Japan's largest manufacturers rose to a two-year high in December, easing concern that growth in the world's second-largest economy is losing momentum.

 

The quarterly Tankan survey, Japan's most closely watched gauge of business sentiment, showed confidence among large manufacturers climbed to 25 points from 24 in September, the Bank of Japan said today in Tokyo. Sentiment for large non- manufacturers rose to 22, beating the estimate for 20.

 

The result of the survey probably isn't enough to prompt the Bank of Japan to increase the lowest interest rates among major economies at its meeting next week. The bank's policy board will probably want to examine more data after a report last week showed the economy grew at the slowest rate in almost two years as consumer spending slid.

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China Communications Construction's Shares Advance

 

Dec. 15 (Bloomberg) -- Shares of China Communications Construction Co., builder of the world's biggest port by tonnage, surged as much as 70 percent in their first day of trading in Hong Kong.

 

The Chinese state-controlled company lured investors with prospects of higher orders as spending on ports, railroads and roads expands in the world's fastest-growing major economy. China's port throughput has surged 13-fold since 1978, when Deng Xiaoping began free-market policies that led to 10-fold economic growth.

 

About 90 percent of world trade travels by ship. In 2005, China's eight biggest ports accounted for 28 percent of the volume processed by the world's top 30 ports, according to Containerisation International.

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w?s=^AORD

 

 

Please note, on time :P

 

Today's action is looking like a short term consolidation. All Ords finished the day +0.1% and sectors remained mixed. Energy kept the lead, +1.7% but Telecom wasn't far behind at +1.5%. Healthcare remained at the other end, -0.8% with Utilities -0.7%.

 

BHP, +0.5% and RIO, +0.7% remained static and the golds went basically nowhere with Lihir and Newmont closing slightly down and Newcrest +0.9%.

 

Oils were definitely the stars today: Woodside +2.7% and Santos +1%.

 

Asia still up but levelling out...

 

Over to UK/Europe:

 

t?s=^FTSE

 

t?s=^GDAXI

 

t?s=^FCHI

 

http://quote.yahoo.com/m2?u

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If the name Jonathan Lebed sounds familiar, its because he's the kid that incurred the wrath of the SEC when he was a 14 year old.

 

His supposed crime? Posting on Yahoo stock message boards, pumping stocks under various aliases.

 

Story-

 

http://www.cs.brown.edu/people/rbb/risd/Lebed.html

 

Six years later, he's still up to his old antics, albiet more openly.

 

He's currently just started pumping PWAC, but clearly states that he is being paid to do it.

 

He's sending out E-mails every 2-3 hours hyping it.

 

Move started yesterday on roughly 50X average volume-

 

 

w?s=PWAC.OB

 

 

If you go back and look at his stock picks, they are actually not that bad, hyped or otherwise. Link

 

Might put some beer money on PWAC, just to for fun. Do your own DD.

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Technically, think you mean multi-year highs, not all time highs.

 

But the real point is that global melt-up continues almost everywhere you look.

 

Lots of talk by Merkins about hot China stocks, and China stocks are strong.

 

Meanwhile, closer to home, Toronto and Mexico are steaming North with a vengance.

 

TSE closed over 13,000 yesterday for the first time ever.

 

And look at the Mehiko market.

 

Beating the pants off of Shanghai, but hardly a word about it anywhere.

 

z?s=000001.SS&t=6m&q=l&l=on&z=m&c=^GSPTSE,^FTSE,^GDAXI,^MXX,^GSPC&a=v&p=s

 

PS-Monty for PM!

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