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IDS World Markets Fri 22nd January 10


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Posted

t?s=^AORD

 

 

Whoa, one way trip on open. All Ords is currently -2.1% with Miners taking the brunt, -3.1% followed by Materials -2.9% and Gold -2.7%. Telecomms is down the least, -0.4%.

Posted

w?s=^AORD

 

 

Looks like a consolidation at the lows on the 5-day chart but on the daily it's a sideways move along a reasonably firm support level. Next week will show whether it's bounce or trounce.

 

All Ords finished -1.6% with Gold and Miners firmly in the downside lead, both -2.4% and Healthcare saw the least damage, -0.3%.

 

Heavy-duty losses in Asia: China and Honkers -2.5%, India -1.6% and Nikkers -2.6%.

 

 

On to UK/Europe:

 

Footsie

 

image;size=239x110

 

 

DAX

 

image;size=239x110

 

 

CAC 40

 

image;size=239x110

Posted

Volcker does it again

 

"Victory for Volcker

 

It represents a victory for Volcker, 82, a staunch advocate of prohibiting banks from engaging in proprietary trading solely for their own profit and for stronger regulations on the financial industry.

 

Volcker initially had trouble getting traction for his views within the administration. He visited nine cities in five countries between October and mid-December of 2009 as he advocated changes.

 

Obama signed onto the concept in mid-December, according to a White House aide. Volcker attended a White House meeting Dec. 23 with Geithner and Summers to discuss details. Prior to the meeting, Obama had already approved of separating proprietary trading and banking. Geithner and Summers expressed concern that this would be a diversion from other regulatory proposals, the aide said. "

 

http://www.bloomberg.com/apps/news?pid=206...RzSfU&pos=8

Posted
hey, douchebladders. . . .

 

ah'z woke up from a ripvanwinkle. did ah miss anythin'?

 

 

 

 

Did you go to sleep before or after the Obamarama investituture?

 

 

In either case, you are now probably joe1pack.

 

 

Seriously, a 1pack.

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