IDS World Markets Wed 27th January 10

[aussiebear]

 

 

Found in Tong Li, China.

[aussiebear]

 

 

 

 

 

 

 

 

 

http://finance.yahoo.com/intlindices?e=asia

[aussiebear]

 

 

http://money.cnn.com/markets/morning_call/

 

 

 

 

 

 

 

http://www.kitco.com

 

 

 

http://www.kitconet.com/webcharts/base_metals.html

 

Energy futures

[aussiebear]

 

 

All gloom and doom so far. All Ords -1.1% with the usual suspects Miners and Materials, both -1.7%, leading the way down. IT is the only green sector, +0.4%.

[aussiebear]

 

 

Down to the next support. All Ords finished the day -1.5% with losses across all sectors. Miners dropped -3%, Materials -2.9% and Gold -2.8%. Healthcare and REITS escaped lightly, both -0.3%.

 

Not so bearish in Asia: China -0.3%, Honkers +0.5%, India -1.3% and Nikkers -0.4%.

 

 

On to UK/Europe:

 

Footsie

 

 

 

DAX

 

 

 

CAC 40

 

[Jimi]

Federer in trouble early against Davydenko. Dropped the first set and got broken early in the second.

[joe3pack]

Things just get weirder and weirder.

 

http://news.yahoo.com/s/afp/20100126/ts_al..._20100126014519

 

Schwarzenegger thinks we should ship illegal aliens who are currently in U.S. jails (for criminal offenses) back to Mexico, but that instead of just deporting them, California pays to have them housed in newly-built Mexican jails.

 

This is so strange in so many ways...

make it fair and we'z haz us a deal:

mexico can ship its convicted scamsters and borkers to wall street, house 'em in GS and shittygroup boardrooms.

[swordfish]

JPM - recommend to sell EM (e.g. bovespa) overbought market

MS - sell into strenght

GS - same story

 

so its BUY time?

[swordfish]

http://songmun.blox.pl/resource/SP500_intra_structure.png

 

from

http://songmun.blox.pl/2010/01/Czyzby-zmiana-trendu.html

[swordfish]

Maybe Japan is heading to another:

http://en.wikipedia.org/wiki/Sh%C5%8Dwa_financial_crisis

[POTUS]

Federer ending up smashing the guy.

 

The thing that I think is most amazing about him is that he doesn't look like a champion tennis player.

 

He looks like a dentist that plays checkers for excitement.

[specie]

Question for Doc (or anybody else here)

I wasn't round here last sept/oct

this guy says that bernanke caused the 2008 crash:

 

the Fed withdrew 65% of liquidity from the system in the four days after TARP was first announced to a very tepid reception, the same week McCain suspended his campaign and ran to Washington: Sep19-24, 2008.

 

link here: http://yelnick.typepad.com/yelnick/

 

is that right? is that why the "market" went down for 10 straight days in Oct 2008?

[DrStool]

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[DrStool]

Question for Doc (or anybody else here)

I wasn't round here last sept/oct

this guy says that bernanke caused the 2008 crash:

 

the Fed withdrew 65% of liquidity from the system in the four days after TARP was first announced to a very tepid reception, the same week McCain suspended his campaign and ran to Washington: Sep19-24, 2008.

 

link here: http://yelnick.typepad.com/yelnick/

 

is that right? is that why the "market" went down for 10 straight days in Oct 2008?

 

Yes. The Fed and the Treasury caused the crash. I covered it extensively at the time.

 

You can read it in the Fed Report in the blue background sections. I warned repeatedly as soon as the Fed began the alphabet soup programs that they would cause a crash because the funds were being not only diverted, but WITHDRAWN, from the Primary Dealer trading accounts. The more aggressive the Fed became, the louder I yelled.

 

To the best of my knowledge I was the only one at the time who recognized what was going on and warned my subscribers about it. A few people have come to the recognition after the fact, but the vast majority remain blissfully unaware that Bernanke's mad scientist experiments are what caused the crash at that time. The market still would have gone down, but instead of mitigating the problems at that time, Bernanke exacerbated them. He's a lunatic who is completely out of touch with the real world. If he is confirmed, it virtually guarantees more blunders and more meltdowns ahead.

 

To all fenceshitters out there, SUBSCRIBE TO THE WALL STREET EXAMINER PROFESSIONAL EDITION FED REPORT NOW OR YOU ARE DOOMED.

 

DOOMED I SAY, to live in ignorance, and it won't be blissful.

 

What the fuch are you waiting for!

[specie]

Yes. The Fed and the Treasury caused the crash. I covered it extensively at the time.

 

You can read it in the Fed Report in the blue background sections. I warned repeatedly as soon as the Fed began the alphabet soup programs that they would cause a crash because the funds were being not only diverted, but WITHDRAWN, from the Primary Dealer trading accounts. The more aggressive the Fed became, the louder I yelled.

 

To the best of my knowledge I was the only one at the time who recognized what was going on and warned my subscribers about it. A few people have come to the recognition after the fact, but the vast majority remain blissfully unaware that Bernanke's mad scientist experiments are what caused the crash at that time. The market still would have gone down, but instead of mitigating the problems at that time, Bernanke exacerbated them. He's a lunatic who is completely out of touch with the real world. If he is confirmed, it virtually guarantees more blunders and more meltdowns ahead.

 

To all fenceshitters out there, SUBSCRIBE TO THE WALL STREET EXAMINER PROFESSIONAL EDITION FED REPORT NOW OR YOU ARE DOOMED.

 

DOOMED I SAY, to live in ignorance, and it won't be blissful.

 

What the fuch are you waiting for!

thanks doc, i figured you had covered it

i've been a subscriber for a quarter or more and the extent of your coverage of the fed is exceptional

i think it'll happen again (maybe not to the same extent)

i'll be watching for developments (as i am sure you will too)