aussiebear Posted March 3, 2017 Report Share Posted March 3, 2017 Early openers sagging: Kiwis -0.4%, Aussies -1%, Japan -0.2%, Sth Korea -0.8%.IT is the only up sectors today, +0.7% with Gold down the most -3.8%. Link to comment Share on other sites More sharing options...
aussiebear Posted March 3, 2017 Author Report Share Posted March 3, 2017 https://au.finance.y...com/intlindices Link to comment Share on other sites More sharing options...
aussiebear Posted March 3, 2017 Author Report Share Posted March 3, 2017 http://money.cnn.com...s/morning_call/http://www.kitco.comhttp://www.kitconet....ase_metals.html https://au.finance.yahoo.com/q?s=CLJ17.NYM&ql=1 Link to comment Share on other sites More sharing options...
aussiebear Posted March 3, 2017 Author Report Share Posted March 3, 2017 http://www.engrish.com/2016/11/i-cant-help-it-if-the-buildings-keep-shifting/ Found in Tokyo, Japan. Link to comment Share on other sites More sharing options...
aussiebear Posted March 3, 2017 Author Report Share Posted March 3, 2017 A swift reversal for All Ords with the index finishing -0.8%. Sectors ranged from IT +0.6%, Telecomms +0.4% down to Gold -3.9% and Miners -2.5%.Over in Asia, China -0.4%, Hong Kong -0.8%, Japan -0.5%, India currently -0.4%. On to UK/Europe: https://au.finance.yahoo.com/ Link to comment Share on other sites More sharing options...
DrStool Posted March 3, 2017 Report Share Posted March 3, 2017 Here's exciting news. The 2 day cycle projection is 2380 Link to comment Share on other sites More sharing options...
BurntOnce Posted March 3, 2017 Report Share Posted March 3, 2017 it's the magic hands!! Link to comment Share on other sites More sharing options...
juggler Posted March 3, 2017 Report Share Posted March 3, 2017 Sorry to be the party pooper ... This market has refused to go down or it just trades sideways on bad news, and it gaps up on any neutral or good news. Till the market changes its behavior I am resigned to be long rather than short. When the market does go down it will be epic wipe out but for now ... Short term trading and tight stops seems to be only option here. Link to comment Share on other sites More sharing options...
DrStool Posted March 4, 2017 Report Share Posted March 4, 2017 I agree. I have had no shorts in my hedge trading port since Feb 6. Only longs. Looking for longs in all the wrong places. Wanna be short but I can't find the spaces. Woo wooooooo... Link to comment Share on other sites More sharing options...
Jorma Posted March 4, 2017 Report Share Posted March 4, 2017 Lee, on the shrinking Treasury balance. Was it accelerated spending or reduced Treasury borrowing which is drawing down the number. I am not sure how much discretion an administration has on spending over any short term. I had figured the draw down was due mainly to decreased Treasury borrowing. Do you have some numbers? I am still on board with the idea that the debt limit will not be raised and the administration will simply choose which bills to pay. Link to comment Share on other sites More sharing options...
juggler Posted March 5, 2017 Report Share Posted March 5, 2017 Any kind of "strategic" default will likely cause a crash in the bond and stock market. I think Republicans will not have the guts to do that on their own watch. The world economy will collapse in this situation, maybe Bannon wants to do it, but Republicans will not want this crash attached to their party name for the next couple of generations. Of course, Democrats will make them sweat a little before they agreed to raise the debt ceiling Link to comment Share on other sites More sharing options...
DrStool Posted March 5, 2017 Report Share Posted March 5, 2017 Lee, on the shrinking Treasury balance. Was it accelerated spending or reduced Treasury borrowing which is drawing down the number. I am not sure how much discretion an administration has on spending over any short term. I had figured the draw down was due mainly to decreased Treasury borrowing. Do you have some numbers? I am still on board with the idea that the debt limit will not be raised and the administration will simply choose which bills to pay. They used the cash mostly to pay down debt, which is unheard of in Feb. a big borrowing month to fund tax refunds. The chart is mind boggling. There's never been anything like it. Ever. Period, full stop. I'll post all the dirty details in the Treasury report coming up on Monday. Link to comment Share on other sites More sharing options...
aussiebear Posted March 6, 2017 Author Report Share Posted March 6, 2017 ---> Mellow Monday http://www.capitalstool.com/forums/index.php?showtopic=12931 Link to comment Share on other sites More sharing options...
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