World Stock Markets Trading Discussion - Insidious interplay

[aussiebear]

http://www.engrish.com/2012/05/classic-grass-stalk-envy/

 

Found in Xian China.

 

 

[aussiebear]

Early openers wafting downwards: Kiwis and Aussies  -0.4%, Nikkers -0.3% and Sth Korea -0.2%.

In Aussie sectors, Energy -1.6%, Consumer Staples -0.7% up to Miners +0.7% and Gold +0.5%.
 

 

[aussiebear]

http://finance.yahoo...lindices?e=asia

[aussiebear]

http://money.cnn.com...s/morning_call/







http://www.kitco.com



http://www.kitconet....ase_metals.html

 

 

 

http://finance.yahoo.com/q?s=clf14.nym

[aussiebear]

 

All Ords never really got off the ground.  The index closed -0.2% led down by Energy -1.3% and Consumer Staples -0.9%.

Over in Asia, China +0.1%, Honkers +0.4%, India +1.1% and Nikkers -0.4%.

 

 

On to UK/Europe:

 

 

[DrStool]

Gold Keeps Holding At Support - Professional Edition http://wp.me/p2r1d8-NOU

[DrStool]

I will be out this morning. 

[DrStool]

$spx 2 day cycle projection 1813. 3 day 1812. 

[BurntOnce]

Who's buying into this debt ridden ponzi fest?

[BurntOnce]

 

Faber: 'We are in a massive speculative bubble'

 

http://www.cnbc.com/id/101235052?__source=yahoo|finance|headline|headline|story&par=yahoo&doc=101235052|Faber:%20%27We%20are%20in%20a%20massi

 

[BurntOnce]

Bong Holders to take the shaft from here on out.

 

http://www.nytimes.com/2013/11/27/business/international/imf-plan-for-next-crisis-would-split-the-bill.html?_r=0

[BurntOnce]

New Boom in Subprime Loans, for Smaller Businesses

http://dealbook.nytimes.com/2013/11/26/new-boom-in-subprime-loans-for-smaller-businesses/

[DrStool]

$spx 2 day cycle projection 1813. 3 day 1812. 

 

HOD 1813.55. Not bad. 

[Jorma]

I think what the Fed will do is a small taper of MBS purchases.  Then if that causes some market indigestion, stock or especially bond market, they can come back and do more Treasury purchases.At this point they can live with a stock correction and in fact the continued melt up in stocks is bad PR for them but what they and the Treasury cannot abide is the 10 blowing through 3% and staying there. I think most forget that they are buying more MBS than Treasuries.

 

In that light can anyone say if they are buying MBS directly from the GSE's. It doesn't seem likely but if they are then all that money is bypassing the PD's. If they aren't buying directly are they buying the MBS only from the PD's? If they are that means the PD's have to buy all that stuff and take a market risk until they resell to the Fed. Or maybe the Fed just pays par value or even that plus just to let their buddies make a little coin on the deals.

[DrStool]

In that light can anyone say if they are buying MBS directly from the GSE's.  

 

No. If you believe the published documentation. But seriously, I track the flows every week, and I have no doubt that they're doing exactly what they say. These are standard POMO operations conducted with the Primary Dealers as published. 

 

If the Fed was buying directly from the GSEs rather than the PDs, then we would not have seen the market impacts that we have. 

 

 

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