aussiebear Posted September 7, 2007 Report Share Posted September 7, 2007 http://finance.yahoo.com/intlindices Link to comment Share on other sites More sharing options...
aussiebear Posted September 7, 2007 Author Report Share Posted September 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 September 7, 2007 Author Report Share Posted September 7, 2007 The market not sure whether it's Arthur or Martha today. All Ords currently +0.3% and sectors are in disarray. On one hand there's Materials way out front, +1.4% with the next being Energy +0.8% and on the other hand, there's a clutch of sectors with barely any movement whatsoever. There's a couple of reds, Telecomms -1.7% and Financials -0.4%. In the miners, it's the golds taking it away today: Newcrest +2.4% and Newmont +2.9%. The bellwethers are also seeing an influx of buyers, BHP +1.6% and RIO +2%. Light volume on the oils: Woodside and Santos both +1.2% and Caltex -0.3%. Link to comment Share on other sites More sharing options...
aussiebear Posted September 7, 2007 Author Report Share Posted September 7, 2007 Well how 'bout dat... All Ords parked smack at resistance once again (I'll put up a chart later) with a fairly limp +0.5% gain for the day. Materials was the only sector looking bullish, +1.8% and Energy wasn't too bad at +0.9%. Telecomms and Financials languished at -0.8% and -0.3% respectively. In the miners, BHP closed +2.2% and RIO +2%. Golds moved higher, Newcrest +2.8% and Newmont +3.5%. Oils remained a bit this and that: Woodside +1.1%, Santos +0.5% and Caltex +0.6%. Relatively flat in Asia with the exception of China -1.9%. Over to UK/Europe: http://finance.yahoo.com/intlindices?e=europe Link to comment Share on other sites More sharing options...
aussiebear Posted September 7, 2007 Author Report Share Posted September 7, 2007 Red line denotes today's close however I don't think it's EOTWAWKI just yet... Link to comment Share on other sites More sharing options...
aussiebear Posted September 7, 2007 Author Report Share Posted September 7, 2007 German Exports Unexpectedly Fall After Growth Slows Sept. 7 (Bloomberg) -- Exports from Germany unexpectedly declined in July after economic growth in Europe slowed. Sales abroad, adjusted for working days and seasonal changes, fell 0.1 percent from June, when they increased 1.9 percent, the Federal Statistics Office in Wiesbaden said today. Economists expected a gain of 1 percent, according to the median of nine forecasts in a Bloomberg News survey. From a year ago, exports rose 11.8 percent. Economic growth in the 13-nation euro region slowed more than forecast in the second quarter and the euro's gain against the dollar and the yen is making exports less competitive abroad. Link to comment Share on other sites More sharing options...
briarberry Posted September 7, 2007 Report Share Posted September 7, 2007 MBA Quarterly foreclosure rate figs - at a record 0.65% per Q What's that yearly? - I'm guessing that 0.65% per Q is approx 1/4 of yearly ? = over 2% per year I was wondering because I remember reading that a rate of over 2% per year for foreclosures was a symptom of a bad recession CHICAGO (MarketWatch) -- The number of mortgage loans entering the foreclosure process in the second quarter set another record, according to the latest data from the Mortgage Bankers Association. According to the group's quarterly delinquency survey, a seasonally adjusted 0.65% of loans on one- to four-unit residential properties entered the foreclosure process during the period, the highest level in the survey's 55-year history. In the first quarter, when the previous record was set, 0.58% of loans entered the process; a year ago, 0.43% entered the process. The delinquency survey covers more than 44 million mortgages, meaning more than 286,000 loans entered the foreclosure process during the quarter. www.marketwatch.com Link to comment Share on other sites More sharing options...
Schonthaler Posted September 7, 2007 Report Share Posted September 7, 2007 boy they are really pulling out all the stops to get a rate cut... what a twisted mind set, job losses equals bond mkt rally that pulls stocks up.. for a big friday rally. how long can this continue Link to comment Share on other sites More sharing options...
lineup32 Posted September 7, 2007 Report Share Posted September 7, 2007 boy they are really pulling out all the stops to get a rate cut... what a twisted mind set, job losses equals bond mkt rally that pulls stocks up.. for a big friday rally. how long can this continue 605743[/snapback] job losses are great for the economy, just wait until the headline unemployment hits 8% should do wonders for charts like this: http://lippard.blogspot.com/2007/09/this-i...ridiculous.html Link to comment Share on other sites More sharing options...
fxfox Posted September 7, 2007 Report Share Posted September 7, 2007 die! Link to comment Share on other sites More sharing options...
shorty Posted September 7, 2007 Report Share Posted September 7, 2007 U.S. nonfarm payrolls fell by an estimated 4,000 in August, the Labor Department said. This is the first decline since August 2003. The unemployment rate held steady at 4.6%. The decline in payrolls was much weaker than the 115,000 increase that had been expected by Wall Street economists surveyed by MarketWatch. Adding to the sense of weakness, payrolls in June and July were revised lower by a cumulative 71,000. The job report should add to the growing sense that the Federal Reserve will cut the federal funds target interest rate at its next meeting on Sept. 18. Link to comment Share on other sites More sharing options...
4shzl Posted September 7, 2007 Report Share Posted September 7, 2007 OK, here's the plan for tomorrow, aka Whip-It-Good Friday: 5:30am Non-farm payrolls = 3 new jobs created in August -- ooooooooh faaaaaaaa -- Globex futures retest ~1468. 6:20am Bubblevision interviews Very Distinguished and Important Expert who decrees Fed must now cut by at least 50 bps -- Boooyah! -- scalded ape rally to eggsactly 1487.50 where all stoolies who've been paying attention will be hitting the bid. 6:59am Seasonal, pre-weekend, 9/11 anniversary neuroses + assorted irrelevant newsnoise begins to afflict traders -- eventually driving da spoozer down to new lows. Fo' shizzle. 605677[/snapback] Looks like I was a little too optimistic about the employment report. And a little too optimistic about where we'd find support. But I'm still counting on the bubbleheads to dig up some empty suit for an interview that will trigger a countertrend rally. Link to comment Share on other sites More sharing options...
K Wave Rider Posted September 7, 2007 Report Share Posted September 7, 2007 Buh Bye..... Remember bullz and even bears donging with impunity just a few short trading hours ago.....never fails does it? Link to comment Share on other sites More sharing options...
shorty Posted September 7, 2007 Report Share Posted September 7, 2007 got gold? Oct 707.00 +8.80 Link to comment Share on other sites More sharing options...
DrStool Posted September 7, 2007 Report Share Posted September 7, 2007 qqqq has dropped to a significant short term support line at 48.70 as well as a trendline from the 8/16 low. It should bounce from around here even though it has pierced the lines. The 5 hr and 3 day cycle projections are both around 48.55, suggesting a clean break of the support, followed by a return to the scene of the crime. At that point we find out what they really have in store for us. heh heh Link to comment Share on other sites More sharing options...
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