aussiebear Posted March 2, 2009 Report Share Posted March 2, 2009 http://finance.yahoo.com/intlindices Link to comment Share on other sites More sharing options...
aussiebear Posted March 2, 2009 Author Report Share Posted March 2, 2009 http://money.cnn.com/markets/morning_call/ http://www.kitco.com http://www.kitconet.com/webcharts/base_metals.html Energy futures Link to comment Share on other sites More sharing options...
aussiebear Posted March 2, 2009 Author Report Share Posted March 2, 2009 Whoa, straight through last-chance support at this stage. All Ords -2.4% with only Gold, +4.8% and Consumer Staples, +0.2% being green. Of the reds, REITS is down the most, -4.1%, Financials -3.7% and Utilities -3.2%. Link to comment Share on other sites More sharing options...
aussiebear Posted March 2, 2009 Author Report Share Posted March 2, 2009 Australia?s February Manufacturing Index Slumps to Record Low March 2 (Bloomberg) -- Australian manufacturing contracted at a record pace last month as companies received fewer orders, fired workers and cut production. The performance of manufacturing index fell 4.9 points to 31.7, the lowest level since the series began in 1992, the Australian Industry Group and PricewaterhouseCoopers said in a report released in Canberra today. A reading below 50 signals manufacturing is shrinking. Link to comment Share on other sites More sharing options...
aussiebear Posted March 2, 2009 Author Report Share Posted March 2, 2009 Japan?s Wage Declines Accelerated in January as Slump Deepened March 2 (Bloomberg) -- Japan?s wage declines accelerated in January as companies pared production amid a deepening slump in global demand. Monthly wages, including overtime and bonuses, fell 1.3 percent from a year earlier to 278,476 yen ($2,864), after declining 0.8 percent in December, the Labor Ministry said in Tokyo today. Overtime hours for manufacturers, which correlate with output, fell 40 percent, the most ever. Link to comment Share on other sites More sharing options...
ChicagoBear Posted March 2, 2009 Report Share Posted March 2, 2009 Hi Aussie, I saw you were at 3195 recently. Are you breaking november lows? It looks like your watching a pivotal day. Link to comment Share on other sites More sharing options...
ChicagoBear Posted March 2, 2009 Report Share Posted March 2, 2009 March 1 (Bloomberg) -- American International Group Inc., the insurer deemed too important to fail, may get as much as $30 billion in new capital and have debts to the U.S. forgiven in the firm?s third bailout, people familiar with the matter said. http://www.bloomberg.com/apps/news?pid=206...&refer=home Wow - I thought they were on their 4th bailout. I guess its not that bad. Link to comment Share on other sites More sharing options...
capitall Posted March 2, 2009 Report Share Posted March 2, 2009 a site with market jokes http://oneguysinvestments.com/gumshoe/comm...scussionID=1890 Examples: The US has made a new weapon that destroys people but keeps the building standing. Its called the stock market. What's the difference between a pigeon and an investment banker. The pigeon can still make a deposit on a BMW. What's the difference between a guy who lost everything in Las Vegas and an investment banker? A tie! I want to warn people from Nigeria, if you get any emails from Washington asking for money... It's a scam. Don't fall for it. Link to comment Share on other sites More sharing options...
alceringa Posted March 2, 2009 Report Share Posted March 2, 2009 Weekly AllOrds in terms of $USD Chart Weekly Euro 100 Stocks Index in terms of $USD Chart Weekly DJ World Stock Index in terms of $USD Chart Notice where the MACD is for all of the charts. UP phase is just starting to roll over. LOB! Link to comment Share on other sites More sharing options...
swordfish Posted March 2, 2009 Report Share Posted March 2, 2009 ES.F (S&P 500 futures) 720.50 WOW EURUSD now 1.2584. If they break that more - BINGO, welcome to hell:) Link to comment Share on other sites More sharing options...
alceringa Posted March 2, 2009 Report Share Posted March 2, 2009 HSBC shareholders to take 50% haircut. And HSBC was actually PROFITABLE in 2008. No wonder banksters everywhere are running and hiding from "mark to market" accounting rules. The $17.7 billion rights issue announced by UK-based global bank HSBC Holdings (HSBA.L)(0005.HK) on Monday is priced for Hong Kong shareholders at HK$28 a share, a discount of 50.8 percent to the stock's HK$56.95 Friday closing price. Link to comment Share on other sites More sharing options...
aussiebear Posted March 2, 2009 Author Report Share Posted March 2, 2009 Hmmm, a five year low today which could be the start of a whole new phase of bearishness. All Ords did the drop to close -2.8% and it looks like a consolidation at the lows in the latter part of the day so could be more to come. In the sectors, REITS plummeted -5.1% and the Financial sector (X reits) wasn't far behind, -4.4%. The remainder of the losing sectors closed down 1-2%. There were a few greens: Gold did very well, +6.7%, Consumer Staples +0.3% and IT +0.2%. The big miners took a hit: BHP -3.1% and RIO -6.4%. The mining sector was saved by the golds: Newcrest +8.1%, Newmont +5.3% and Lihir +6.4%. Oils not looking great: Woodside -4.3%, Santos -3% and Caltex -5.9%. Over in Asia, China was the only bourse to gain, +0.5% with mega losses on the others: Honkers -3.9%, India -2.5%, Nikkers -3.8%, Sth Korea -4.2% and Singers -3.4%. Some of these are still trading so they're not final figures. Over to UK/Europe: Footsie DAX CAC 40 http://finance.yahoo.com/ Link to comment Share on other sites More sharing options...
aussiebear Posted March 2, 2009 Author Report Share Posted March 2, 2009 Hi Aussie, I saw you were at 3195 recently. Are you breaking november lows? It looks like your watching a pivotal day. Sorry, CB, wandered away from the computer and missed your post....yep, 5 year closing low today (3204), the most dramatic action we've had for months. Probably the odd dead cat bounce coming up but basically I think we're looking for a new support level... Link to comment Share on other sites More sharing options...
shorty Posted March 2, 2009 Report Share Posted March 2, 2009 HSBC shareholders to take 50% haircut. is that a lot? Link to comment Share on other sites More sharing options...
aussiebear Posted March 2, 2009 Author Report Share Posted March 2, 2009 China?s Manufacturing Shrinks as Crisis Cuts Demand March 2 (Bloomberg) -- China?s manufacturing shrank for a seventh month in February as the global financial crisis cut exports and growth across Asia. The CLSA China Purchasing Managers? Index rose to a seasonally adjusted 45.1 from 42.2 in January, CLSA Asia-Pacific Markets said today in an e-mailed statement. A reading below 50 shows a contraction. Japan?s factory output plunged a record 10 percent in January and Hong Kong?s exports fell by the most in 50 years. Chinese Premier Wen Jiabao may announce increased welfare payments to boost consumption at this week?s meeting of the National People?s Congress in Beijing, adding to a 4 trillion yuan ($585 billion) economic stimulus package. --------------- India Exports Fell in January by Most in Decade on Weak Demand March 2 (Bloomberg) -- India's exports plunged the most in a decade in January as the global recession damped demand for the nation's goods. Merchandise shipments dropped 16 percent to $12.38 billion from a year earlier, the fourth straight monthly fall, the government said in New Delhi today. That was the biggest decline since May 1998, when overseas sales fell 17.22 percent, according to Bloomberg data. Imports declined 18.2 percent to $18.45 billion, narrowing the trade deficit to $6.07 billion. Link to comment Share on other sites More sharing options...
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