aussiebear Posted March 5, 2010 Report Posted March 5, 2010 Churn 'n burn so far. All Ords +0.2% with Healthcare and IT both +1.1% leading the greens. No reds but Financials and REITS are flat.
aussiebear Posted March 5, 2010 Author Report Posted March 5, 2010 http://finance.yahoo.com/intlindices?e=asia
aussiebear Posted March 5, 2010 Author Report Posted March 5, 2010 http://money.cnn.com/markets/morning_call/ http://www.kitco.com http://www.kitconet.com/webcharts/base_metals.html Energy futures
capitall Posted March 5, 2010 Report Posted March 5, 2010 Ran across the most umusual quote about world peace tonight. World peace, means one mindset big enough to make the decisions about what everybody else wants, and the rest of the world conforming. That is the ultimate definition of world peace. You say, "Oh, let's get along!" And what each of you mean is, "You do what I want." A peaceful world means, "Everybody wanting what I want. Going along with what I want." And the only problem with that is, there are more than one of you, and you have endless desires that are born within you. The ultimate experience is, everyone having their experience and launching their individual rockets of desire, and the Universe yielding to all of them simultaneously. And everybody not worrying about what anybody else created, and so, then allowing what they are wanting. What a world that is, when there are endless desirers, who are allowing the fulfillment of their own desires. quote of the day from here: http://www.abraham-hicks.com/lawofattractionsource/index.php This is a thought-provoking web site, although not one I necessarily agree with or would recommend to anyone-- except 4 the purpose of having 1's thoughts provoked. It is even more optimistic than I am (and that's saying a lot, as Doc can tell U) about the goodness of human beings & our possibilities for constructive creation.
capitall Posted March 5, 2010 Report Posted March 5, 2010 Oh, those of U who go to bed early would have missed Quanta's late night post on MTM board about the new online game teaching kids how to spend money they don't have on things that don't exist, covered on the Colbert show: http://www.colbertnation.com/the-colbert-report-videos/265469/march-02-2010/the-word---kid-owe Also the surreal David Brooks interview: http://www.colbertnation.com/the-colbert-report-videos/265471/march-02-2010/david-brooks
aussiebear Posted March 5, 2010 Author Report Posted March 5, 2010 Yahoo All Ords chart conked out in the arvo but the level didn't change too much. The index finished +0.3% with Healthcare +1.6% leading followed by Consumer Discretionary +1.3% and IT +1.1%. There was only one red sector, Telecomms -0.4%. Over in Asia, Nikkers is the star, +2.2%, China +0.5%, Honkers +0.9% and India +0.5%. On to UK/Europe: Footsie DAX CAC 40
Rationalize Posted March 5, 2010 Report Posted March 5, 2010 Interesting how it stopped right at the red trendline. Was it hard to anticipate that it would break through that same trend line just before? I didn't pick it. Any clues?
Jetlag Posted March 5, 2010 Report Posted March 5, 2010 Marty goes under the knife at http://www.cxoadvisory.com/blog/readerqa/blog3-02-10/ And they conclude that ... (drum-roll please) "The above evidence seems insufficient to support a belief that Martin Armstrong is an exceptional market forecaster."
I_Am_Madness Posted March 5, 2010 Report Posted March 5, 2010 Looks like everyone trader in the world from Asia to Europe 'knows' the job report is going to be just dandy.
DrStool Posted March 5, 2010 Report Posted March 5, 2010 Good Morning! Welcome to The Daily Stool! Thanks to aussiebear for opening the thread each day! You can join the discussion by registering (PG rated user names only, please) and posting here as well. Registration is easy. Just click the Register link above, enter your email address (which you have the option to keep confidential), and enter a user name. Due to a deluge of spam registrations, I review all registrations so it may take a few hours for your registration to be approved. If you have questions about how to register and post, use the Help link in the menu bar at the top of the page. If you know others who might be interested in joining us, use the email to a friend link above the thread. Many tanks for joining us! Doc Try the Professional Edition risk free for thirty days. If, within that time you don't find the information helpful, I'll give you a full refund. It's that simple!Click here for more information. Subscribe to the Wall Street Examiner Professional Edition Precious Metals Daily, just $49 quarterly. Try it risk free for 30 days! Get this indispensable daily analysis and support the Stool!
fxfox Posted March 5, 2010 Report Posted March 5, 2010 Marty goes under the knife at http://www.cxoadvisory.com/blog/readerqa/blog3-02-10/ And they conclude that ... (drum-roll please) "The above evidence seems insufficient to support a belief that Martin Armstrong is an exceptional market forecaster." thnaks for posting. Shows again the big difference between traders and commentators. Armstrong is a commentator.
DrStool Posted March 5, 2010 Report Posted March 5, 2010 CORRECTED- Still Following 1971 – Professional Edition March 5, 2010 By Lee Adler UPDATE- The previous posting was linked to an earlier report. This has now been corrected. The 1969-71 period has continued to serve well as a map for the current market. The 1970 rally ended after 11 months suggesting that in the current market a top would occur in January of this year. The correction that followed in 1971 lasted 6 months, followed by another upleg to an all time high in 1972. Today’s market is following the same template, time wise, but… Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information. Schedule Note: The daily market update will be posted Friday morning before the NY open.
Jetlag Posted March 5, 2010 Report Posted March 5, 2010 Looks like everyone trader in the world from Asia to Europe 'knows' the job report is going to be just dandy. If it isn't then they've just ran some stops above 1125.
DrStool Posted March 5, 2010 Report Posted March 5, 2010 Looks like everyone trader in the world from Asia to Europe 'knows' the job report is going to be just dandy. If the Federal Wage Tax Withholding data is any guide, and my studies show no correlation , nor any correlation to the claims data, where there should be a strong correlation, my guess would be a drop of 200k, which would be worse than the consensus of 50, 55, 90, or 83k depending on who you axe. Of course, if it is worse than consensus they can blame the snow. BULLISH!
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