aussiebear Posted January 11, 2010 Author Report Posted January 11, 2010 http://finance.yahoo.com/intlindices?e=asia
aussiebear Posted January 11, 2010 Author Report Posted January 11, 2010 http://money.cnn.com/markets/morning_call/ http://www.kitco.com http://www.kitconet.com/webcharts/base_metals.html Energy futures
aussiebear Posted January 11, 2010 Author Report Posted January 11, 2010 AussieBear, You there ??? I just wanted to tell you how much I've enjoyed your alphabetically sequenced alliterative Titles for each Day's opening. Oh thanks PyurAureo. It's always tough thinking up regular thread titles so doing it this way makes it more of a fun thing..
aussiebear Posted January 11, 2010 Author Report Posted January 11, 2010 Slipping away today with some profits being taken off the table. All Ords -0.4% with IT -1.4% and the mining sector doing a pullback, Miners -1.2% and Materials -1.1%. There's only a couple of marginally green sectors, Gold and Utilities both +0.5%.
Anonymous User Posted January 12, 2010 Report Posted January 12, 2010 If volatility continues to contract the following may apply for holders of VXX Split or Reverse Split of the ETNs Should the closing indicative value on any business day be above $400.00, Barclays intends, but is not obligated, to initiate a 4 for 1 split of your ETNs. Should the closing indicative value on any business day be below $25.00, Barclays intends, but is not obligated, to initiate a 1 for 4 reverse split of your ETNs p28 of the prospectus http://www.ipathetn.com/pdf/vix-prospectus.pdf (PDF Alert)
aussiebear Posted January 12, 2010 Author Report Posted January 12, 2010 A touch of thunketty-thunk today. All Ords closed -1% and it was red across all sectors apart from Gold which valiantly eked out +0.3%. The biggest losers were Miners -1.9%, Materials and REITS -1.8% and Energy -1.3%. Over in Asia it looks like China +0.2% (still no chart), Honkers -0.5%, India flat and Nikkers +0.6%. On to UK/Europe: Footsie DAX CAC 40
aussiebear Posted January 12, 2010 Author Report Posted January 12, 2010 Australian Home Loans Fall 5.6%, Most in 18 Months Jan. 12 (Bloomberg) -- Australian home-loan approvals fell in November by the most in 18 months as central bank Governor Glenn Stevens led the world in raising borrowing costs. The number of loans granted to build or buy houses and apartments for owner-occupiers slumped 5.6 percent to 59,516 from October, when they fell a revised 1.9 percent, the statistics bureau said in Sydney today. The median estimate of 19 economists surveyed by Bloomberg was for a 0.5 percent drop.
aussiebear Posted January 12, 2010 Author Report Posted January 12, 2010 N.Z. Business Confidence Declines From 10-Year High Jan. 12 (Bloomberg) -- New Zealand business confidence fell in the fourth quarter, adding to signs the economy faces a gradual recovery from recession. A net 31 percent of companies surveyed last quarter expect the economy will improve over the next six months, down from a 10-year high of 36 percent in the third quarter, the New Zealand Institute of Economic Research said today in Wellington. The net figure is calculated by subtracting the proportion of pessimists from optimists.
aussiebear Posted January 12, 2010 Author Report Posted January 12, 2010 GIC Incurs Loss After Tishman Misses Stuyvesant Town Payment Jan. 12 (Bloomberg) -- Government of Singapore Investment Corp., manager of more than $100 billion of the city-state’s foreign reserves, reported losses from its investment in Manhattan’s largest residential enclave. Tishman Speyer Properties LP and BlackRock Inc. said on Jan. 8 they missed a bond payment tied to their $5.4 billion purchase of the 80-acre property, which includes Stuyvesant Town and Peter Cooper Village apartments. Missing the payment puts the property on course to become the second-largest default in a commercial mortgage-backed security in the U.S. GIC owns a $575 million mezzanine loan backed by the property, the Wall Street Journal reported in October, citing unnamed people familiar with the matter. The sovereign wealth fund, among the world’s top 10 global investment companies, also holds about $100 million to $200 million in equity, according to the newspaper report. A GIC spokeswoman declined to confirm the numbers today.
Jetlag Posted January 12, 2010 Report Posted January 12, 2010 Emergency Rate Hike becoming more likely in China considering the small steps PBOC is taking: "The People’s Bank of China sold one-year bills at a yield of 1.8434 percent after last week guiding three-month rates higher. Lu Ting, a Bank of America-Merrill Lynch economist, said today’s move reflects banks’ expectations for a “moderate” increase in the benchmark rate in 2010. BNP Paribas SA brought forward its forecast for higher interest rates to the second quarter from the third and said the central bank may raise lenders’ reserve requirements by 50 basis points in February. " http://www.bloomberg.com/apps/news?pid=206...1G1GA&pos=1
Rationalize Posted January 12, 2010 Report Posted January 12, 2010 To further stir things up. 1. (a) The CME performance bond by a clearing member is not the same as or equivalent to a requirement for margin for a trader. It is what it is called, a bond for performace, and is used to guarantee some underlyying value. (Do you think that GS got AIG to write their bond?) ( If one argues that the primary dealers (and other members of the Fed Res System) are subject to the same laws/regulations as others, I urge them to do due diligence in their research rather than speaking from "belief." There has been much written on this board in anger that is not at all accurate in law or in fact. ... Patents, you are incorrect. There's no way to play on electronic exchanges without lodging collateral. That's the whole idea of formal exchanges, novation, and clearing houses. Maybe put the same points forward in the context of OTC transactions. Then I will have less to say. Lurkers, please do your own reading. And Patents, maybe don't trade with real money. I mean this politely.
Rationalize Posted January 12, 2010 Report Posted January 12, 2010 So, to use physical concepts, you're suggesting that "The Them" is capable of overcoming the entropy of the USA stock markets, right? Sorry, I'm not going to believe that. Professional stock market arbitragers aren't dumb as cows, even if they occassionly get slaughtered, and they aren't going to let pricing discrepancies exist for very long without closing them. In any case, all this navel gazing about "The Them" manipulation totally blows up as soon as you start talking about say, the Brazilian stock market and it's recent run, or any market outside the USA. Could someone please explain how the Federal Reserve Bank of the USA, the US Treasury and the other "The Them" members have managed to juice, lets pick the DAX as an example, for the last 10 months for their own benefit and more importantly what motivation they have to do such a thing? Massive dual listing arbitrage? Not knowing precisely what examples you are referring to, my simple minded guess would be that's the reason they are called "support levels". Buy support, sell resistance. If one's trading style is not to buy support and sell resistance, then that is a problem with one's trading style. Blaming "The Them" for a bad trading style is not a path to becoming a good trader. Agreed. Boo Hoo. It's not my fault. "The Them" never gave me a chance.
Rationalize Posted January 12, 2010 Report Posted January 12, 2010 From the IBM balance sheet, a question for you finance guys, how does IBM get to a -7.6 net equity position? ahoo Goodwill 18,226,000 14,285,000 12,854,000 ... Net Tangible Assets ($7,638,000) $12,078,000 $13,450,000 Simple. Goodwill was only up by $4,000,000,000.
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