aussiebear Posted September 17, 2010 Report Share Posted September 17, 2010 Early openers not quite sure where to go: Kiwis +0.2%, Aussies +0.3%, Nikkers +0.6% and Sth Korea +0.1%. IT +2% is the leading sector in the Aussie market followed by Gold +1.3% and Utilities is at the other end, -0.6%. Link to comment Share on other sites More sharing options...
aussiebear Posted September 17, 2010 Author Report Share Posted September 17, 2010 http://finance.yahoo.com/intlindices?e=asia Link to comment Share on other sites More sharing options...
aussiebear Posted September 17, 2010 Author Report Share Posted September 17, 2010 http://money.cnn.com...s/morning_call/ http://www.kitco.com http://www.kitconet....ase_metals.html Link to comment Share on other sites More sharing options...
aussiebear Posted September 17, 2010 Author Report Share Posted September 17, 2010 Photo taken in China. Link to comment Share on other sites More sharing options...
aussiebear Posted September 17, 2010 Author Report Share Posted September 17, 2010 Upwardly mobile for the day however it was mostly a blue chip extravaganza. All Ords closed +0.8% with Gold +2.6% taking the lead followed by Energy and IT both +1.5%. Telecomms was the only down sector, -0.3%. Pretty much the same story in Asia apart from China -0.2%. For the others it's currently Honkers +1.1%, India +1% and Nikkers +1.2%. On to UK/Europe: Link to comment Share on other sites More sharing options...
Rationalize Posted September 17, 2010 Report Share Posted September 17, 2010 Only in America...get paid triple digits for sucking. Only in America...get paid triple digits for sucking selling ice to eskimos. Nahh... it's a good rant, but it's totally misguided. Company ABC earns its operating profit, from which you get your divvies, and then you pay your tax on them, and then you spend the proceeds. Company XYZ earns its operating profit, which it decides to reinvest entirely in the company because it does not pay out a dividend, increasing the value of equity from reinvestment and immediate growth prospects, allowing shareholders to sell for a capital gain, from which they pay a tax, and after which they get to spend the proceeds. ... Funny implication of investor preference for cash rather than stock is that the investor is implying that they can produce a better return with the cash than the company they have invested in can. "Pay me your earnings, because I don't trust you to make more earnings with it." -- With that point of view, why own the stock at all? Link to comment Share on other sites More sharing options...
DrStool Posted September 17, 2010 Report Share Posted September 17, 2010 I guess GS is saying Ben is going to launch QEII with a trillion in Treasury purchases to be announced in November. Right or wrong of such are rallies made. They don't need no freakin' QE2. Bought' $8.5 billious this week already using just QL 1.5. Link to comment Share on other sites More sharing options...
DrStool Posted September 17, 2010 Report Share Posted September 17, 2010 Good Morning! Welcome to The Daily Stool! Thanks to aussiebear for opening the thread each day! You can join the discussion by registering (PG rated user names only, please) and posting here as well. Registration is easy. Just click the Register link above, enter your email address (which you have the option to keep confidential), and enter a user name. Due to a deluge of spam registrations, I review all registrations so it may take a few hours for your registration to be approved. If you have questions about how to register and post, use the Help link in the menu bar at the top of the page. If you know others who might be interested in joining us, use the email to a friend link above the thread. Many tanks for joining us! Doc Try the Professional Edition risk free for thirty days. If, within that time you don't find the information helpful, I'll give you a full refund. It's that simple!Click here for more information. Subscribe to the Wall Street Examiner Professional Edition Precious Metals Daily, just $49 quarterly. Try it risk free for 30 days! Get this indispensable daily analysis and support the Stool! Link to comment Share on other sites More sharing options...
rdkyote Posted September 17, 2010 Report Share Posted September 17, 2010 Something a little different in the pre-market. Not gonna get too excited about it though. Link to comment Share on other sites More sharing options...
Jimbo Posted September 17, 2010 Report Share Posted September 17, 2010 NEGATIVE INTEREST RATES QE2 has the same effect as running a negative interest rate policy - so long as rates don't rise at the same rate that QE pushes up the CPI. And negative interest rates are good for gold and good for borrowers Which makes gold holders co-conspirators with the big debt issuers - like the US government, like the wall street banks :ph34r: In order to bail out the debtors and get the economy moving again the FED thu QE2 is giving gold holders a free ride on the debt inflationary QE2 default express. And the gold market has anticipated this thu its latest price action. But I cant help but think that it all brings gold closer to the end game from a price appreciation point of view. Link to comment Share on other sites More sharing options...
rdkyote Posted September 17, 2010 Report Share Posted September 17, 2010 Went long ZS a few days ago using the sophisticated analysis method that it will be next to go lock limit up...just because. Stop under the 200-day. Or maybe the 50-day. who knows...one of those squiggly lines. Link to comment Share on other sites More sharing options...
flyingscot Posted September 17, 2010 Report Share Posted September 17, 2010 NAZ FUTS coming off of highs.... think DOW SNPEE NAZ all end day lower.... Link to comment Share on other sites More sharing options...
flyingscot Posted September 17, 2010 Report Share Posted September 17, 2010 here is a good shut up slave moment.... http://seekingalpha.com/article/225579-congressmen-weiner-and-waxman-set-gold-hearing Congress is not happy gold prices are going higher so they plan to do something about it... Now Im bullish Gold ! Link to comment Share on other sites More sharing options...
rdkyote Posted September 17, 2010 Report Share Posted September 17, 2010 here is a good shut up slave moment.... http://seekingalpha....et-gold-hearing Congress is not happy gold prices are going higher so they plan to do something about it... Now Im bullish Gold ! You can despise Beck and Laura for various reasons, I get that, but who's the shill here? Sorry but Mr. Penis [sic]... you sir be an Asshat. The press release says, "Goldline employs several conservative pundits to act as shills for its' [sic] precious metal business, including Glenn Beck, Mike Huckabee, Laura Ingraham, and Fred Thompson. By drumming up public fears during financially uncertain times, conservative pundits are able to drive a false narrative. Glenn Beck for example has dedicated entire segments of his program to explaining why the U.S. money supply is destined for hyperinflation with Barack Obama as president." Link to comment Share on other sites More sharing options...
rdkyote Posted September 17, 2010 Report Share Posted September 17, 2010 core CPI 0.0% headline 0.3%? "core". gotta love it. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.