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w?s=%5EAORD

 

 

All Ords crawled up for a gain of +0.5% with Consumer Discretionary +1.7% remaining leader. Most sectors saw minimal gains and Gold -2.2% lost the most.

 

Over in Asia, China +0.9%, Honkers +0.1%, India -0.8% and Nikkers +0.3%.

 

 

On to UK/Europe:

 

 

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:lol:

 

Obama cracks down on hipster yakuza gangster

 

iiDG86WPsVfA.jpg

 

"The U.S. government feels that the Japanese government is very tolerant toward organized crime"

 

The Japanese can say the same about Golden sacks et al. :ph34r:

 

http://www.bloomberg.com/news/2012-02-24/yakuza-godfather-targeted-in-obama-crackdown-on-organized-crime.html

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New home sales and the stock market:

 

http://www.cxoadvisory.com/9648/economic-indicators/new-home-sales-and-future-stock-returns/

 

"evidence from simple tests indicates that change in new home sales has little use as an indicator of future stock market returns. The most promising indication is that very weak new home sales indicate a weak stock market over the next couple of months."

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Germany one of the few EU countries that has a trade surplus and was growing its economy instead of contracting is running a 1% budget deficit

 

"the government deficit ratio was –1.0% in 2011 when measured as a percentage of gross domestic product "

 

link to german statistics bureau PR

 

Europe is facing its second recession in two years and the only economy that could pull the other countries out of recession is battening down the hatches reducing internal consumption and the public deficit to absurd levels.

 

Instead of using the real economy to turn things around the EU, like the US, is resorting to flooding the market with liquidity.

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While I don't do much in the oil patch, other than watch Matt Simmons' bloated corpse float down the river Peak Oil

 

I do follow these two little monkeys, and from time-to-time trade them

 

Just sayin'

 

RIG may be a buy here or on a pullback....BP looks to be entertaining a more longer term (multi year) move to the + side

 

Thoughts from folks that actually know how to read charts, always welcome

 

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Best places to buy gas on the East Coast- Florence SC, Chester VA, and South Jersey, where you don't even have to pump your own.

 

The best place to buy gas in Canada is...

 

wait for it...

 

Northern Vermont.

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Best places to buy gas on the East Coast- Florence SC, Chester VA, and South Jersey, where you don't even have to pump your own.

 

The best place to buy gas in Canada is...

 

wait for it...

 

Northern Vermont.

Best place I've seen it is the Detroit side of the Detroit/Windsor bridge. They even advertise it in litres.

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