machinehead Posted March 2, 2005 Report Share Posted March 2, 2005 As Oil Shock III deepens, I still expect that the weekly oil inventory reports on Wednesdays will supersede the monthly employment report as the "market-moving number." Crude oil futures were slightly weaker on Wednesday ahead of the weekly US crude inventories, which are expected to show another rise in crude and gasoline stockpiles and a further fall in distillate inventories. FT article Link to comment Share on other sites More sharing options...
Guest Posted March 2, 2005 Report Share Posted March 2, 2005 DARWIN has been rocked by an earthquake measuring 6.8 on the Richter scale, Geoscience Australia said tonight. The government agency which measures earthquakes said the quake struck at 8.21pm (CST) or 9.51pm (AEDT). Its epicentre was in the Banda Sea near Indonesia. There were no immediate reports of damage but the quake was felt across the city and at least 140km from Darwin, Geoscience Australia spokesman Chris Thompson said. "We've got a preliminary report of an earthquake ... of magnitude 7.5," he said. http://www.thecouriermail.news.com.au/comm...55E1702,00.html Link to comment Share on other sites More sharing options...
alceringa Posted March 2, 2005 Report Share Posted March 2, 2005 DARWIN has been rocked by an earthquake measuring 6.8 on the Richter scale, Geoscience Australia said tonight. http://www.thecouriermail.news.com.au/comm...55E1702,00.html <{POST_SNAPBACK}> My son is in the area and has provided a report from the scene! He can't figure out why all the locals are excited, "hardly felt anything" he says......but then again he was raised in California, where many newspapers publish the local earthquake map every day. Link to comment Share on other sites More sharing options...
machinehead Posted March 2, 2005 Report Share Posted March 2, 2005 A clear R.E. Bubble indicator, from a WaPo article: Sales of second homes soared last year and accounted for more than a third of all residential sales transactions, according to a study released yesterday. The study, conducted by the Washington-based National Association of Realtors, showed that nearly one in four U.S. homes bought in 2004 was purchased for investment purposes; 13 percent were bought as vacation homes. Together, that constituted the surging second-home market, which accounted for 36 percent of the 7.7 million homes sold in the country last year. Second-home sales were up 16.3 percent over 2003. Magic Bubble Second homes at 36 percent of the volume? That's got to be an all-time record, or close enough to one. Those second-home owners are inherently 'weak hands.' After all, they don't need it to live in. But worse, many of them apparently don't have the financial wherewithal to own even one home, much less two: A second survey by the Realtors association found that the typical investment property buyer last year earned an annual salary of $87,500 and was 47 years old. The typical vacation-home buyer was a little older and made a little less -- a 55-year-old making $71,000 a year. Wah ha ha. You gotta be kidding me. At today's ruinous inflated prices, it's amazing that people on those salaries can even afford cars, much less second homes. Of course, 'inflation protection' is probably the main reason they are buying them ... Link to comment Share on other sites More sharing options...
Guest Posted March 2, 2005 Report Share Posted March 2, 2005 My son is in the area and has provided a report from the scene! He can't figure out why all the locals are excited, "hardly felt anything" he says......but then again he was raised in California, where many newspapers publish the local earthquake map every day. <{POST_SNAPBACK}> Yes, it's only because of recent events that it got a mention at all I'm sure.. Link to comment Share on other sites More sharing options...
Guest Posted March 2, 2005 Report Share Posted March 2, 2005 Those second-home owners are inherently 'weak hands.' After all, they don't need it to live in. But worse, many of them apparently don't have the financial wherewithal to own even one home, much less two: <{POST_SNAPBACK}> There was a weeping, wailing woman on the radio today saying she and her husband have 3 x $A750k mortgages, variable rate, interest only repayments and now she might have to get a JOB because of the interest rate rise. Get used to it Link to comment Share on other sites More sharing options...
Charmin Posted March 2, 2005 Report Share Posted March 2, 2005 momo stocks to watch... IFNY,MFLX, NICE,IGLD breakouts FD: $60.98 OMX:$32.70 WIND:$15.58 Link to comment Share on other sites More sharing options...
Charmin Posted March 2, 2005 Report Share Posted March 2, 2005 Dow Resistance Holds - 10,850 http://www.signalwatch.com/markets/markets-dow.asp Down Below 10,775 ok, who thinks it's done..... Link to comment Share on other sites More sharing options...
Charmin Posted March 2, 2005 Report Share Posted March 2, 2005 I'm watching 428 and 83.40 areas for stopping action on Gold and buck... It either of those areas break I'll be mighty dissapointed... if they hold you can call me a pigmen magician Link to comment Share on other sites More sharing options...
Charmin Posted March 2, 2005 Report Share Posted March 2, 2005 The Euro is acting like the gold chart pattern - hmmmm 1.31 pullback to apex area... Link to comment Share on other sites More sharing options...
DrStool Posted March 2, 2005 Report Share Posted March 2, 2005 GOlden Stool posted in WSE PRO Link to comment Share on other sites More sharing options...
machinehead Posted March 2, 2005 Report Share Posted March 2, 2005 Germany is not 'officially' in recession yet. But can anyone doubt that it soon will be? More than 5.2 million Germans were out of work in February, new figures show. The figure of 5.216 million people, or 12.6% of the working-age population, is the highest jobless rate in Europe's biggest economy since the 1930s. A spectre is haunting Europe Link to comment Share on other sites More sharing options...
Charmin Posted March 2, 2005 Report Share Posted March 2, 2005 What would you think if I said that the Euro currency or any form of European derivation of it was now going to be the reserve currency of the world... they didn't come out and tell you yet.. Link to comment Share on other sites More sharing options...
Slothrop Posted March 2, 2005 Report Share Posted March 2, 2005 "The official Elvis Presly website, Elvis.com, announced that stock in the new company, CKX Inc., which now owns the majority of Elvis Presly Enterprises has been approved for listing on the Nasdaq National Market system, sybmol: CKXE." Thank you. Thank you very much. Link to comment Share on other sites More sharing options...
Guest Posted March 2, 2005 Report Share Posted March 2, 2005 Very few items on the schedule this morning. Of course, it's light for the usual reason -- one of the schedule items is "words" from Greenspan himself. 10:00 a.m. -- "words" from Fed's Greenspan on the FOMC HedgeFund Ecomony A couple of "numbers" are scheduled as well, at the exact same time: USD Challenger Layoffs (FEB) 15:00 10:00 92.4 USD EIA Crude Oil Stocks 02/25 15:30 10:30 0.6M These are "numbers" that in the past would never compete at all for the spotlight on center stage. However, as Machinehead has suggested, the Crude Oil Stocks is gaining in star power, and will eventually become the number. At present, it already has been a big market-mover a few times in the past few months, sending all the crowd scurrying this way and that when it "misses" or "beats by a penny." The show's producer, director, and casting crew should know this already. Scheduling Greenspan "words" at the same time as the crude oil stocks "number" demonstrates poor show production planning. They did get the rest right. Besides the light schedule to accompany Greenspan, nothing else is on the schedule until the evening, with the following "words" to recap and wrap things up: 7:30 p.m. "words" from Fed's Gramlich on "national endebtedness and 'measured' rate increases" 9:05 p.m. "words" from Fed's Yellen Speaks on "U.S. HedgeFund Economy" Link to comment Share on other sites More sharing options...
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