aussiebear Posted September 21, 2007 Report Share Posted September 21, 2007 http://finance.yahoo.com/intlindices Link to comment Share on other sites More sharing options...
aussiebear Posted September 21, 2007 Author Report Share Posted September 21, 2007 http://money.cnn.com/markets/morning_call/ http://www.kitco.com Energy futures Currencies/Au/Ag Link to comment Share on other sites More sharing options...
aussiebear Posted September 21, 2007 Author Report Share Posted September 21, 2007 A dip into the red today but the action is not looking particularly bearish. All Ords -0.4% with all sectors down apart from Materials, +0.2%. IT and Telecomms are down the most, both -1.1%. Not much happening with the heavyweight miners, BHP +0.5% and RIO +0.1%. In the golds, Newcrest down after a few big days, -2.4% and Newmont +1.3%. Oils mixed: Woodside +0.7%, Santos -2.5% and Caltex +0.1%. Slight gains in Asia: Taiwan +0.3%, Singers and Sth Korea +0.2%. Link to comment Share on other sites More sharing options...
aussiebear Posted September 21, 2007 Author Report Share Posted September 21, 2007 Northern Rock Shares Drop After U.K. Limits Guarantee Northern Rock Plc stock fell 28 percent after the U.K. Treasury said it won't guarantee deposits into new accounts at the lender, which was bailed out by the Bank of England. The U.K. Treasury won't protect new accounts set up at Northern Rock after midnight on Sept. 19, it said. The exception is re-opened accounts that were closed between Sept. 13 and 19. The Treasury also declined to protect debt instruments including covered bonds, subordinated and other hybrid capital, it said. Link to comment Share on other sites More sharing options...
Drano Posted September 21, 2007 Report Share Posted September 21, 2007 Sorry to repeat a post from last night, but the reason will be apparent in my next post. Separated at birth? Part 1 Link to comment Share on other sites More sharing options...
Drano Posted September 21, 2007 Report Share Posted September 21, 2007 Separated at birth? Part deux Link to comment Share on other sites More sharing options...
aussiebear Posted September 21, 2007 Author Report Share Posted September 21, 2007 A bit of a nowhere day really; All Ords closed -0.5% but most sectors closed down far more than that so it's surprising the index wasn't lower. IT had the biggest drop, -1.4% followed by Telecomms, -1.3% and Utilities -1.2%. The solitary green was Materials, +0.1%. Miners mixed: BHP flat, RIO +0.4%, Newcrest -0.8% and Newmont +0.5%. Oils also varied: Woodside +1.8%, Santos -2.5% and Caltex +0.5%. Mixed & muddled in Asia: China -0.9%, Nikkers -0.6%, Honkers -0.3%, Sth Korea +0.5% and Taiwan +1.4%. Over to UK/Europe: http://finance.yahoo.com/intlindices?e=europe Link to comment Share on other sites More sharing options...
briarberry Posted September 21, 2007 Report Share Posted September 21, 2007 I guess foreign investors will lose confidence in agency debt now too Accord Seen on Revising Mortgage Rules By EDMUND L. ANDREWS The Bush administration is softening its opposition to proposals that would expand government-backed mortgage companies ahead of an expected wave of foreclosures. http://www.nytimes.com/pages/business/index.html Link to comment Share on other sites More sharing options...
bondtrader Posted September 21, 2007 Report Share Posted September 21, 2007 what say you 200d EMA ? Link to comment Share on other sites More sharing options...
1929_trader Posted September 21, 2007 Report Share Posted September 21, 2007 Anybody see any good deals in Florida real estate? I'm looking to buy. Link to comment Share on other sites More sharing options...
DrStool Posted September 21, 2007 Report Share Posted September 21, 2007 I guess foreign investors will lose confidence in agency debt now too Accord Seen on Revising Mortgage Rules By EDMUND L. ANDREWS The Bush administration is softening its opposition to proposals that would expand government-backed mortgage companies ahead of an expected wave of foreclosures. http://www.nytimes.com/pages/business/index.html 609574[/snapback] Foreign investors have surely lost confidence. Foreign central banks are another story. They may or may not have any confidence but it doesn't matter. The issue with them is that they are playing defense, propping this market in order to keep feeding their own export driven economies. In the long run, it can't work, but they own so much of this crap already that they have no choice. Who they gonna sell to? And what happens to the 3/4 trillion that they already hold? Seems like a no-way-out proposition to me. I look at the failure of the spreads on these to widen very much and I can only shake my head in wonderment. Unbelievable. Link to comment Share on other sites More sharing options...
bondtrader Posted September 21, 2007 Report Share Posted September 21, 2007 Anybody see any good deals in Florida real estate? I'm looking to buy. 609578[/snapback] buy fear sell greed. Link to comment Share on other sites More sharing options...
Cassiopeia Posted September 21, 2007 Report Share Posted September 21, 2007 Long from 1538 snpee futures, only looking for 45. Link to comment Share on other sites More sharing options...
Drano Posted September 21, 2007 Report Share Posted September 21, 2007 Long from 1538 snpee futures, only looking for 45. 609581[/snapback] 45 points? Link to comment Share on other sites More sharing options...
DrStool Posted September 21, 2007 Report Share Posted September 21, 2007 Anybody see any good deals in Florida real estate? I'm looking to buy. 609578[/snapback] I have lived in Florida for 20 years, 15 of them as a professional real estate anal cyst. I still watch the supply and demand data curves there very closely. I sold my home in June 2005 and currently rent seasonally spending 8 months a year there. Prices have fallen 20-30% in some areas. But that does not make them cheap. Because of the explosion in insurance costs and real estate taxes even at 20-30% price declines, total housing costs have not fallen. Rising mortgage rates will further compound the affordability problem on the demand side. Few people outside of Florida may be aware of the fact that Florida is no longer benefiting from in migration, as it always has. That's what drove Florida's economy all these years. But now so many people are leaving that the population has stopped growing. In some areas it is even falling. Last year, Palm Beach County had its first decline in school enrollment ever. Prior to that it was always one of the fast growing locales on the planet. On the supply side, there are still countless thousands of condo units coming on stream. Supply will not begin to stabilize until the construction cranes leave the sites and the landscape is dotted with unfinished building shells standing as ghostly monuments to yet another great Florida real estate folly. Based on trends currently in place, it will be years and years before these markets hit bottom. The trends are still negative. I expect prices will need to decline by at least another 30% to even begin to see stabilization. When I see signs of a bottom, in other words, when prices get really cheap, to the point that the rent/buy equation becomes at least a tossup, that's when I would begin to consider buying again. Not before. The truth is, I don't expect it to happen for a generation. Link to comment Share on other sites More sharing options...
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