aussiebear Posted November 14, 2007 Report Share Posted November 14, 2007 http://finance.yahoo.com/intlindices Link to comment Share on other sites More sharing options...
aussiebear Posted November 14, 2007 Author Report Share Posted November 14, 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 November 14, 2007 Author Report Share Posted November 14, 2007 An initial surge but sellers were waiting and that effectively capped the market. However, the day is young so this arvo probably more an indicator of where we're heading. All sectors green led by IT +1.9% with Property Trusts next at +1.7%. Energy and Consumer Discretionary are up the least, +0.7%. Miners are mixed: BHP +1.1%, RIO -0.3% and in the golds, Newcrest +0.8%, Newmont -1.1% and Lihir +0.3%. Juniors also mixed. In the oils, big jump by Caltex, +6.5%, Woodside +0.9% and Santos -1.8%. Link to comment Share on other sites More sharing options...
aussiebear Posted November 14, 2007 Author Report Share Posted November 14, 2007 All Ords put in a decent innings closing +1.2% but the trading was hardly brisk. Property Trusts popped into the lead, +2.1% followed by Healthcare +1.9%. There were no red sectors but Energy had the least gain, +0.4%. Miners remained somewhat iffy: BHP +1%, RIO -1.1% and in the golds, Newcrest +1.8%, Newmont +0.5% and Lihir +2%. In the oils, Caltex continued north, +7.9% while Woodside, -0.8% and Santos, -0.7% failed to gain traction. The bullz are running in Asia: Honkers +3.7%, Taiwan +2.6%, Nikkers +2.4% and China +1.3%. Over to UK/Europe: http://finance.yahoo.com/intlindices?e=europe Link to comment Share on other sites More sharing options...
aussiebear Posted November 14, 2007 Author Report Share Posted November 14, 2007 Australian Consumer Sentiment Fell, Wage Growth Eased Nov. 14 (Bloomberg) -- Australian consumer confidence dropped to an 11-month low and wage growth slowed in the third quarter, suggesting the central bank may refrain from increasing interest rates again next month. The sentiment index fell 4.2 percent from October to 110.5, Westpac Banking Corp. said in Sydney today. A reading higher than 100 shows optimists outnumber pessimists. Wages rose 1 percent from the second quarter, when they climbed 1.1 percent, a separate statistics bureau report showed. Link to comment Share on other sites More sharing options...
aussiebear Posted November 14, 2007 Author Report Share Posted November 14, 2007 China Retail Sales Grow at Fastest Pace Since 1999 Nov. 14 (Bloomberg) -- China's retail sales rose at the fastest pace in at least eight years, buoyed by rising incomes and prices in the world's fastest-growing major economy. The 18.1 percent increase in October from a year earlier to 826.3 billion yuan ($111 billion) topped 17 percent growth in September, the statistics bureau said today. It was the biggest gain since 1999, when the government started releasing the data. The median forecast of 21 economists was for unchanged growth. Sales of clothes, electronics and automobiles jumped more than 30 percent, lifting revenue for Wal-Mart Stores Inc., the world's biggest retailer, and SAIC Motor Co., China's largest carmaker. Rising consumer spending also is fueling inflation that accelerated last month to 6.5 percent on food shortages. Link to comment Share on other sites More sharing options...
EZ_Money Posted November 14, 2007 Report Share Posted November 14, 2007 While scanning Bloomturd this ay-em noticed this article on discovery of deadly H5N1 virus (avian bird flu) in large poultry operation in eastern England: http://www.bloomberg.com/apps/news?pid=206...vlW4&refer=home Link to comment Share on other sites More sharing options...
EZ_Money Posted November 14, 2007 Report Share Posted November 14, 2007 Bloomturd exclusive: More banks propping up MM funds against SIV losses... http://www.bloomberg.com/apps/news?pid=206...y63g&refer=home Link to comment Share on other sites More sharing options...
bondtrader Posted November 14, 2007 Report Share Posted November 14, 2007 check out the News Noize on NVR ! hmmmmmm. thats a lot. Link to comment Share on other sites More sharing options...
DrStool Posted November 14, 2007 Report Share Posted November 14, 2007 Bloomturd exclusive: More banks propping up MM funds against SIV losses... http://www.bloomberg.com/apps/news?pid=206...y63g&refer=home 624156[/snapback] That report and others began popping up in the major media yesterday. Over the weekend, prior to the news articles I had mentioned that this was coming, and wondered here yesterday whether the industry would step in to take over any funds that didn't have a strong parent to prop them up. My guess was that initially they would, because whatever the cost, it would be sure to be less than the cost of runs on the funds if the con is lost. Eventually however, I believe that the problem is too big, and that some funds will break, and that we could see major runs on money market funds that could bring down the financial system in a world wide collapse. At that point it will be interesting to see if the central banks can do anything about it. Notice that Vanguard made a point of never buying any of this SIV crap. Their MMFs are well managed by thrifty old tightwads in the best Philadelphia Quaker tradition. I have held their Treasury only MMF for years. Link to comment Share on other sites More sharing options...
DrStool Posted November 14, 2007 Report Share Posted November 14, 2007 check out the News Noize on NVR ! hmmmmmm. thats a lot. 624158[/snapback] If you are talking about the Chairman's purchase of stock, that's a week old. I suspect there's something more to the story. Link to comment Share on other sites More sharing options...
Janitor Posted November 14, 2007 Report Share Posted November 14, 2007 Doc, wherre is your avator from? looks soooo familiar Link to comment Share on other sites More sharing options...
DrStool Posted November 14, 2007 Report Share Posted November 14, 2007 He's buying back about 1/4 of the $211 million he sold in April and May. Link to comment Share on other sites More sharing options...
DrStool Posted November 14, 2007 Report Share Posted November 14, 2007 Meanwhile the qqqq is flat this morning as the 3 day cycle has gone into a sideways down phase. No sell signals yet on 5 day cycle indicators, which are extended. They are bumping against a downtrend line at 50.75. Above that, clear for a pop to next level 51.11-51.17. 5 day cycle projection is 51.15. Link to comment Share on other sites More sharing options...
DrStool Posted November 14, 2007 Report Share Posted November 14, 2007 spx 5 day cycle projection looks around 149.50 dia 5 day cycle projection 133.75 Link to comment Share on other sites More sharing options...
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