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Looking a little more uncertain today. All Ords +0.1% with Gold +1.6% leading the sectors, Miners in general +1% and Materials +0.8%. There's a number of reds: Utilities -0.9% is down the most.

 

 

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t?s=%5EAORD

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Radio Free Wall Street 3/3/10

Wednesday, March 3, 2010 Russ Winter and Lee Adler talks about signs that the financial excesses and debt ratios are as bad as the world’s worst offenders. We look at the reasons the market is holding up so well, and discuss when that will end and why. Lee reviews the short term, intermediate and long term outlook from the Wall Street Examiner Professional Edition.

 

Not a subscriber? Click here to hear a free preview. Reposting or linking to this preview is permitted and encouraged. Spread the word!

 

Or listen to a free release of the November 25, 2009 podcast.

 

To subscribe and hear this podcast right now, click here!

 

audio_mp3_button.png Radio Free Wall Street 3/3/10 [38:00m]: Play Now | Play in Popup | Download

Subscribers, click player to start.

 

 

Posted

w?s=^AORD

 

 

Asia down in the dumps but the Aussie market remained reasonably stable. All Ords +0.3% with the leaders being Gold +1.4%, REITS/Miners +1.2% and Materials +1%. At the other end, Utilities -1.4% and Consumer Discretionary -0.5%.

 

Over in Asia China -1.1%, Honkers -0.5%, India -0.4% and Nikkers -0.9%.

 

 

On to UK/Europe:

 

Footsie

 

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DAX

 

image;size=239x110

 

 

CAC 40

 

image;size=239x110

Posted

Japan Capital Spending Falls Even as Profits Rebound

 

March 4 (Bloomberg) -- Japanese businesses cut spending for an 11th quarter even as their earnings rebounded, signaling a revival in exports remains insufficient to prompt investment that would spur the recovery.

 

Capital spending excluding software fell 18.5 percent in the three months ended Dec. 31 from a year earlier, the Finance Ministry said today in Tokyo. Sales declined and profits doubled.

Posted

Say, Aussiebear, what happened to X, Y, and Z in the morning daily thread titles? Did the alphabet get downsized too?

 

Too hard basket, Drano. I'd already used most of the logical choices and didn't want to recycle them.

Posted

Madoff Tipster Markopolos Fixes SEC Math, Mulls Murder: Books

March 2 (Bloomberg) -- Blank stares, disdain and tears. Harry Markopolos encountered all three during his nine-year struggle to convince the Securities and Exchange Commission that Bernard Madoff’s returns were mathematically impossible.

 

SEC officers didn’t grasp the numbers until the Ponzi scheme had swelled to $65 billion, as Markopolos shows in “No One Would Listen,” a disturbing firsthand account of his quest to expose one of the most powerful men on Wall Street.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a9Aa_FFITv00

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