aussiebear Posted July 14, 2008 Report Share Posted July 14, 2008 http://finance.yahoo.com/intlindices Link to comment Share on other sites More sharing options...
aussiebear Posted July 14, 2008 Author Report Share Posted July 14, 2008 http://money.cnn.com/markets/morning_call/ http://www.kitco.com Energy futures Link to comment Share on other sites More sharing options...
aussiebear Posted July 14, 2008 Author Report Share Posted July 14, 2008 The market is refusing to drop below 5000 so I suspect we may be working up for a bounce. All Ords down a modest -0.6% led by Property Trusts, -1.9% with Healthcare and Telecomms both -1.2%. There's a couple of greenies, IT +2.1% and Energy +0.8%. The big miners sitting it out: BHP -0.7% and RIO -1.7%. Golds doing very well, Newcrest +4.4%, Newmont +3.1% and Lihir +3.4%. Juniors flat. Oil producers on the rise: Woodside +1.1% and Santos +1.8%. Caltex -1.2%. Link to comment Share on other sites More sharing options...
anotherone Posted July 14, 2008 Report Share Posted July 14, 2008 Market sees Fannie. Boner blast ensues. Link to comment Share on other sites More sharing options...
DrStool Posted July 14, 2008 Report Share Posted July 14, 2008 My guess is that the Dow will be down 300+ tomorrow. Strictly a guess. nothing scientific. See you in the AM! Link to comment Share on other sites More sharing options...
Drano Posted July 14, 2008 Report Share Posted July 14, 2008 Happy Bastille Day to all of the French persuasion. Free the bears ! ! ! ! Link to comment Share on other sites More sharing options...
aussiebear Posted July 14, 2008 Author Report Share Posted July 14, 2008 Bullz couldn't keep it together so All Ords slumped -1.2% and we're back in the daily chart support zone once again. It was a pretty dismal result for the day: Telecomms dived -3.5%, Property Trusts -3.2% with Consumer Discretionary and Financials both at -1.6%. IT was the only green sector, +2.5%. The big miners both down: BHP -1.2% and RIO -2%. Golds were looking quite bullish: Newcrest +3.2%, Newmont +4.1% and Lihir +3.1%. Juniors mostly down. In the oils, Woodside crept into the green, +0.2% and Santos closed down a mere -0.3%. Caltex finished -0.3%. Over in Asia, China is flat, Honkers -0.8%, India -0.7% and Nikkers -0.2%. Over to UK/Europe: http://finance.yahoo.com/intlindices?e=europe Link to comment Share on other sites More sharing options...
aussiebear Posted July 14, 2008 Author Report Share Posted July 14, 2008 U.K. Producer Prices Rise at the Fastest Pace Since 1986 on Oil July 14 (Bloomberg) -- U.K. producer prices increased at the fastest pace in 22 years in June, making it harder for the Bank of England to cut interest rates as the economy edges toward a recession. Prices charged by factories rose 10 percent from a year earlier, the most since comparable records began in 1986, the Office for National Statistics said in London today. Manufacturers are passing on the burden of record oil costs, undercutting living standards and pushing Britain closer to its first recession since 1991. The Bank of England kept its benchmark interest rate at 5 percent on July 10 after consumer prices rose at the fastest pace in more than a decade in May. Link to comment Share on other sites More sharing options...
alceringa Posted July 14, 2008 Report Share Posted July 14, 2008 Sea of green on USA stocks trading in Frankfurt. Link to comment Share on other sites More sharing options...
Jetlag Posted July 14, 2008 Report Share Posted July 14, 2008 Decoupling? "Output in the 15 nations that share the European currency dropped 1.9 percent from the previous month, the biggest decline since December 1992, the European Union's statistics office in Luxembourg said today. From a year earlier, production decreased 0.6 percent, the first annual drop in three years. " http://www.bloomberg.com/apps/news?pid=206...oaU0&refer=home How about the good old "When the USandA sneezes the rest of world catches a cold?" Link to comment Share on other sites More sharing options...
Brick Stoolhouse Posted July 14, 2008 Report Share Posted July 14, 2008 Sea of green on USA stocks trading in Frankfurt. 673172[/snapback] Let me see. 3rd biggest bank failure in history. Bailout of the GSE's. Bucky up against Euro and Pound! Bullish all the way around! Link to comment Share on other sites More sharing options...
alceringa Posted July 14, 2008 Report Share Posted July 14, 2008 Looks like buying Freddie and Fannie at the open on Friday (which I nearly did and then couldn't pull the trigger) may have been the scalp of the year. Link to comment Share on other sites More sharing options...
dorfinator Posted July 14, 2008 Report Share Posted July 14, 2008 Looks like buying Freddie and Fannie at the open on Friday (which I nearly did and then couldn't pull the trigger) may have been the scalp of the year. 673176[/snapback] I couldn't get to my computer in time Friday AM to sell my FNM and FRE Oct PUTS or I'd have then reloaded on MER, PNC or WFC for their fireworks later this week. So how many more major institutions do you think the Treasury and Feds think they can prop up? Link to comment Share on other sites More sharing options...
Lemur Posted July 14, 2008 Report Share Posted July 14, 2008 I couldn't get to my computer in time Friday AM to sell my FNM and FRE Oct PUTS or I'd have then reloaded on MER, PNC or WFC for their fireworks later this week. So how many more major institutions do you think the Treasury and Feds think they can prop up? 673177[/snapback] Dollar rallying, gold falling, not what you would expect on this news. Mr Market does like to surprise. But no problem, another opportunity to pick up some more yellow stuff soon. Link to comment Share on other sites More sharing options...
alceringa Posted July 14, 2008 Report Share Posted July 14, 2008 Short interest as of 30 Jun FRE 82M 13% of total shares. FNM 138M 14% of total shares Link to comment Share on other sites More sharing options...
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