aussiebear Posted November 7, 2007 Report Share Posted November 7, 2007 Closed http://finance.yahoo.com/intlindices Link to comment Share on other sites More sharing options...
aussiebear Posted November 7, 2007 Author Report Share Posted November 7, 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 7, 2007 Author Report Share Posted November 7, 2007 Interesting action in the US and Oz has followed suit. All Ords -2.2% with all sectors very red. IT is leading the field down, -2.9% followed by Property Trusts -2.8% and Financials -2.4%. Utilities is down the least, -1.3%. The big miners mostly being sold but not in an urgent fashion: BHP -2.9%, RIO -0.8% and in the golds, Newcrest -0.7%, Newmont +0.7% and Lihir -2.1%. Junior miners are relatively unaffected and buyers appear to be viewing today as an opportunity. Oils similar, not too much damage: Woodside -1.6%, Santos +1.3% and Caltex -0.4%. Link to comment Share on other sites More sharing options...
aussiebear Posted November 8, 2007 Author Report Share Posted November 8, 2007 Japan's Machinery Orders Fall More-Than-Expected 7.6% Nov. 8 (Bloomberg) -- Japan's September machinery orders fell more than economists forecast, a sign that companies may pare investment as demand wanes. Orders declined a seasonally adjusted 7.6 percent to 958.7 billion yen ($8.5 billion) from August, the lowest since May 2005, the Cabinet Office said in Tokyo today. The median estimate of 41 economists was for a 1.5 percent drop. ``My advice to investors is to fasten your seatbelts,'' said Hiromichi Shirakawa, chief economist at Credit Suisse Group in Tokyo. ``Orders peaked in July, and we're not expecting a rebound until the second half of next year.'' Link to comment Share on other sites More sharing options...
aussiebear Posted November 8, 2007 Author Report Share Posted November 8, 2007 Saudi Arabian Inflation Accelerates to Record 4.9% Nov. 7 (Bloomberg) -- Saudi Arabia's inflation rate rose to its highest in at least five years in September, an official at the Saudi Arabian Monetary Agency said. Inflation accelerated to 4.9 percent from 4.4 percent in August, the fifth consecutive monthly increase, the official said today in a telephone interview from Riyadh. He spoke on condition of anonymity. Inflation has risen across the Persian Gulf as record oil revenues drive consumer and government spending, and the weakening dollar makes imports from Europe more expensive. Inflation averaged less than 1 percent in Saudi Arabia in 2005, rising to 2 percent in March 2006. Investors have speculated that Saudi Arabia will drop the riyal's peg to the dollar to slow imported inflation, sending the Saudi currency to 20-year highs over the past month. Link to comment Share on other sites More sharing options...
aussiebear Posted November 8, 2007 Author Report Share Posted November 8, 2007 Not a GMTFO day but there was considerable damage nevertheless. All Ords finished -2.4% and the biggest losers sectorwise (all -2.6%) were Financials, Property Trusts and Materials. Utilities had the least loss, still a fairly hefty -1.2%. The two heavyweight miners went in opposite directions: BHP -3.6% and RIO +1.1%. Golds survived better than most: Newcrest -0.2%, Newmont +1.4% and Lihir -1.8%. Juniors were mixed. Oils finished down: Woodside -1.1%, Santos -0.8% and Caltex -1.5%. Heavy falls in Asia: Taiwan -3.9%, Honkers -3.7%, China -3.3% and Nikkers -2.9%. Over to UK/Europe: http://finance.yahoo.com/intlindices?e=europe Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted November 8, 2007 Report Share Posted November 8, 2007 Moving averages, price support lines were bounce areas are now going to be overhead resistance areas probably to be tested on close or intraday. Wondering if the Fed have been saving for a rainy day to support whatever markets they feel need it. Seems like they are forcing individual stocks to fess up on the accounting side with threats of Congressional subpoenas. Until banking recovers (years) only cash infusions will keep things afloat. The falling dollar assures $100 oil and higher goods. Feds were talking about housing collapse in 2006, it's here now so they cut % rates. Great planning, Huh? What's the plan for higher gas prices? Make the Gulf of Mexico a fishing preserve? Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted November 8, 2007 Report Share Posted November 8, 2007 Nice job aussiebear. Jr miners hold up because there is no cash to drain from them. The whole sector will recover. Link to comment Share on other sites More sharing options...
shorty Posted November 8, 2007 Report Share Posted November 8, 2007 note to GOOG, RIMM and AAPL longs: they ain't profits til ya take 'em ride it up, ride it down let them profits all slip slide away give 'em all back Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted November 8, 2007 Report Share Posted November 8, 2007 I thought Gurgle was a safe haven. Link to comment Share on other sites More sharing options...
jrosie Posted November 8, 2007 Report Share Posted November 8, 2007 Moving averages, price support lines were bounce areas are now going to be overhead resistance areas probably to be tested on close or intraday. Wondering if the Fed have been saving for a rainy day to support whatever markets they feel need it. Seems like they are forcing individual stocks to fess up on the accounting side with threats of Congressional subpoenas. Until banking recovers (years) only cash infusions will keep things afloat.The falling dollar assures $100 oil and higher goods. Feds were talking about housing collapse in 2006, it's here now so they cut % rates. Great planning, Huh? What's the plan for higher gas prices? Make the Gulf of Mexico a fishing preserve? 622017[/snapback] The entire US govt are self serving, catering morons. Ben heps his buddies at he bank and screws every american with a car or in a retirement home. It clearly appears it is going to all end very, very badly. I just hope the electricity stays on because trading this crazy market will probably be my only source of income.....of course that is unless it goes away too. Link to comment Share on other sites More sharing options...
aussiebear Posted November 8, 2007 Author Report Share Posted November 8, 2007 U.K. House Prices Fall for Second Month Nov. 8 (Bloomberg) -- U.K. house prices fell for a second month in October, the first back-to-back decline since May 2005, as higher interest rates and the prospect of slowing economic growth deterred buyers, HBOS Plc said. The average cost of a home declined 0.5 percent to 197,248 pounds ($414,000) from a month earlier, after a 0.6 percent drop in September, the U.K.'s biggest mortgage lender said in a statement on the Regulatory News Service today. Prices rose 8.9 percent in the quarter through October from a year earlier, down from 10.7 percent in September. The housing market is slowing in line with the rest of the economy. Service industries from airlines to banks, which make up three-quarters of the economy, expanded at the slowest pace since 2003 in October and manufacturing production fell in September. Link to comment Share on other sites More sharing options...
Jetlag Posted November 8, 2007 Report Share Posted November 8, 2007 "A Chinese-made toy containing an industrial chemical linked to a so-called ``date-rape'' drug has been recalled from U.S. and Australian shelves after children who swallowed its parts became comatose. Aqua Dots, which features small beads that bond with water, contain chemical 1,4-butanediol, an industrial solvent that the body converts to drug gamma-hydroxy butyrate, according to the U.S. Food and Drug Administration's Web site." I think someone mentioned this yesterday. It's getting really far fetched. Kid's toys turning into GHB rape drug? XXW I Xmas Xina War http://www.bloomberg.com/apps/news?pid=206...LRaA&refer=home Link to comment Share on other sites More sharing options...
DrStool Posted November 8, 2007 Report Share Posted November 8, 2007 Good Morning! Welcome to Intraday Stool! Thanks to aussiebear for her daily opening! You can join the discussion by registering (PG rated user names only, please) and posting here as well. Registration is easy. Just click the Register link above, enter your email address (which you have the option to keep confidential), and enter a user name. To keep out spammers and scammers, I'll send you an email with a few Monty Python type questions. Just reply with your answers, and I'll approve your registration as soon as I receive your reply. If you have questions about how to register and post, use the Help link in the menu bar at the top of the page. If you know others who might be interested in joining us, use the email to a friend link above the thread. Many tanks for joining us! Doc Try the Professional Edition risk free for thirty days. If, within that time you don't find the information helpful, I'll give you a full refund. It's that simple!Click here for more information. Subscribe to the Wall Street Examiner Professional Edition Precious Metals Daily, just $39 quarterly. Try it risk free for 30 days! Get this indispensable daily analysis and support the Stool! Link to comment Share on other sites More sharing options...
linrom Posted November 8, 2007 Report Share Posted November 8, 2007 All futures green. Lots of trapped bears.....boy. Let's see if this sticks and how high can they boner this move., OpEX next week, so this would be a normal WWW operation. Boy, I sound like Windy. Link to comment Share on other sites More sharing options...
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