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IDS World Market Wed 3rd February 10


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Posted

t?s=^AORD

 

 

Up but currently in stall mode. All Ords +1% with Gold back as leader, +3.1% followed by Miners/Materials both +2.8%. There's a sprinkling of reds with Healthcare down the most, -0.6%.

Posted

w?s=^AORD

 

 

Up but uninspired. All Ords closed +1% with Miners/Materials leading, +2.3% followed by Gold +2% and Consumer Discretionary +1.9%. On the downside, Healthcare -0.4%, Telecomms -0.3% and Utilities -0.2%.

 

Green in Asia: China +0.7%, Honkers +1.3%, India +1.8% and Nikkers +0.3%.

 

 

On to UK/Europe:

 

Footsie

 

image;size=239x110

 

 

DAX

 

image;size=239x110

 

 

CAC 40

 

image;size=239x110

Posted

U.K. Consumer Confidence Increased in January

 

Feb. 3 (Bloomberg) -- U.K. consumer confidence rose in January as the economy emerged from its worst recession on record, Nationwide Building Society said.

 

The index of sentiment increased 3 points from the previous month to 73, the customer-owned lender said in an e-mailed statement today. The result is almost double the level of 39 measured in the same month last year.

Posted
I need to watch this, I am sure a few board members here and myself have this addiction..

 

http://news.bbc.co.uk/2/hi/technology/6062980.stm

 

http://news.bbc.co.uk/2/hi/health/8493149.stm

It would be really interesting to hear comments from those stoolies who have an professional psychology background. I think we have a few of them on the board. I think that the second article is just another example for spurious correlation, but i could be wrong. When I studied history and politics there were those guys who were siting at least 10 hours a day in the library. Weere they depressive? Were they educated? They had definitely a form of addiction, but is that really something bad?

Posted
Interesting, worth reading:

 

1.

January Tax Withholdings Indicate That The Treasury Is Unjustifiably Optimistic In Its Reduced Funding Need Projections

http://www.zerohedge.com/article/january-t...ed-funding-need

 

It's a miracle. They got something right for a change. I wonder where they got it from. The Wall Street Examiner Professional Edition has been reporting this for months.

 

Well, only half right. What ZH DOES NOT report is that the government already saved about $115 billion in January from their prior estimate. So the new estimate is simply a reflection of that saving. So what the government is estimating for February and March debt actually represents a substantial increase from their previous estimate.

 

Typical.

 

I was actually warning beginning early in January that debt sales were less than projected and would continue that way through the month because of the the Treasury's enormous cash balance--money the Treasury got back from the TARP.

 

Get the full story. Subscribe to the Wall Street Examiner Professional Edition Fed Report. Be prepared. Stay AHEAD of the herd.

Posted

Good Morning!

 

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Posted

TARP money in.

 

TARP money out.

 

Just one big electronic FRN-go-RoundaRound.

 

Its just the ultimate three card monte inside a shell game handed up by the bunko artists of the government of the day.

 

The future is clear.

 

Billions and billions more FRN's borrowed and then printed every month, for every year, for every decade for as far as the eye can see.

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