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IDS World Markets Thurs 22nd October 09


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Officially opening today: The World's Longest Golf Course (only in Oz :rolleyes: )

 

Nullarbor Links

 

The Nullarbor Links concept is unique. The 18-hole par 72 golf course will span 1,365 kilometers with one hole in each participating town or roadhouse along the Eyre Highway, from Kalgoorlie in Western Australia to Ceduna in South Australia. Each hole will include a green and tee and somewhat rugged outback-style natural terrain fairway. The course would provide a quintessential Australian experience and a much-needed activity/attraction for travellers along the renowned desolate highway.

 

 

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http://www.nullarborlinks.com/

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Signs of a Turn- Professional Edition

by Lee Adler, Wednesday, October 21, 2009, in Professional Edition, Today's Markets | Permalink |Comments (0) Edit Cycle based stock screening data weakened across the board. The sell side edge on new 13 week cycles indicators is expanding at a point in the cycle where we would expect it to be going the other way. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.

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Radio Free Wall Street 10/21/09

Lee Adler and Russ Winter discuss why they think now’s the time for the return of the bear.

 

Not a subscriber? Click here to hear a free excerpt.

 

To subscribe and hear this podcast right now, click here!

 

audio_mp3_button.png Radio Free Wall Street Podcast 10/21/09 [41:32m]: Play Now | Play in Popup | Download (11)

Subscribers, click player to start.

 

Listen to any podcast prior to April 22, 2009. Click here for archive. Be surprised!

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w?s=^AORD

 

 

A general meander. All Ords -0.6% with REITS taking over the downside lead, -1.6% followed by IT -1.4% and Consumer Discretionary -1%. A couple of sectors closed with meagre gains, Healthcare +0.5% and Utilities -0.1%.

 

Over in Asia, China flat, Honkers -1.1%, India -0.1% and Nikkers -1%.

 

 

On to UK/Europe:

 

Footsie

 

image;size=239x110

 

 

DAX

 

image;size=239x110

 

 

CAC 40

 

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China’s Economy Grows 8.9%, Fastest Pace in a Year

 

Oct. 22 (Bloomberg) -- China’s economy expanded at the fastest pace in a year as stimulus spending and record lending growth helped the nation lead the world out of recession.

 

Gross domestic product rose 8.9 percent in the third quarter from a year earlier, the statistics bureau said in Beijing today. The median of 34 estimates in a Bloomberg News survey was for a 9 percent gain. Separate reports showed industrial production and retail sales accelerated in September.

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Sweden Keeps Rate on Hold; No Rise Until Autumn 2010

 

Oct. 22 (Bloomberg) -- Sweden’s Riksbank kept the key lending rate at a record low and said it won’t raise rates until autumn next year as faltering exports and rising unemployment leave the Nordic economy facing a sluggish recovery.

 

The seven-day repo rate was left at 0.25 percent, the world’s oldest central bank, founded in 1668, said on its Web site today. The decision was anticipated by all 26 economists surveyed by Bloomberg. The bank also reiterated its plan to keep the rate at its current level for another year.

 

Sweden’s economy will contract 4.6 percent this year, the bank forecast today, more than neighboring Norway, after recessions in Europe and the U.S. dented demand for exports, which make up more than half its output.

 

Unemployment will peak at 11.6 percent in 2011 after the economy shrinks 5.2 percent this year and grows 0.6 percent in 2010, the government predicts.

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