aussiebear Posted March 16, 2010 Report Posted March 16, 2010 Kiwis doing the dive but it's up so far for the Aussie market. All Ords +0.3% with small gains for most sectors. Telecomms +2% is the only real mover followed by IT +0.8% and Gold/Healthcare +0.7%. There's a couple of red sectors, Energy and Utilities both -0.3%.
aussiebear Posted March 16, 2010 Author Report Posted March 16, 2010 http://finance.yahoo.com/intlindices?e=asia
aussiebear Posted March 16, 2010 Author Report Posted March 16, 2010 http://money.cnn.com/markets/morning_call/ http://www.kitco.com http://www.kitconet.com/webcharts/base_metals.html Energy futures
aussiebear Posted March 16, 2010 Author Report Posted March 16, 2010 Just to let you know that I'm heading off to the city on Thurs to be with my mother who has been incarcerated in hospital for several weeks. Us kids are rotating and it's my turn now. Not sure how long I will be away at this stage but probably a bit over a week. My mother fell victim to a botched vascular procedure at a clinic. Being as she is 87 and a diabetic we felt that a procedure to treat an "interior varicose vein" was unnecessary at best. During the procedure an artery to her foot was damaged and even when she complained of extreme pain and three of her toes turned black the clinic refused to accept there was a problem. Fortunately my brother intervened at this stage and with the help of a GP moved Mum into hospital and under the care of a vascular specialist who diagnosed dry gangrene. His treatment has worked well with the next step being plastic surgery. If you remember, my father died late last year and poor Mum was really only just getting to grips with that event and now this happens. She is feeling very anxious and insecure so that's why we feel one of us should be with her for a good portion of the day. Unfortunately I won't have access to a computer so I will no doubt go through a bout of trading/forum withdrawals.
DrStool Posted March 16, 2010 Report Posted March 16, 2010 Our thoughts and prayers are with you and your mother, Aussie. Wishing her a speedy recovery!
Drano Posted March 16, 2010 Report Posted March 16, 2010 Sorry to hear about your mother, Aussie. Sounds like she would have been better off with these guys than with the original set of doctors she had.
aussiebear Posted March 16, 2010 Author Report Posted March 16, 2010 Thanks for your best wishes Doc and Juggler... In spite of an uptick at close the overall action was bearish. All Ords closed up a mere +0.2% with piffling gains in most sectors: Telecomms was an exception, +2% with the next highest being Healthcare and IT, both +0.7%. On the downside, Utilities -0.7%, Energy -0.5% and Consumer Discretionary -0.4%. No traction in Asia: China -0.2%, Honkers -0.4%, India flat and Nikkers -0.3%. On to UK/Europe: Footsie DAX CAC 40
aussiebear Posted March 16, 2010 Author Report Posted March 16, 2010 Sorry to hear about your mother, Aussie. Sounds like she would have been better off with these guys than with the original set of doctors she had. Not wrong... We're seriously considering a formal complaint to the Australian Medical Association.
aussiebear Posted March 16, 2010 Author Report Posted March 16, 2010 EU Lays Groundwork for Greek Lifeline to Bolster Euro March 16 (Bloomberg) -- European finance ministers laid the groundwork for a financial lifeline to debt-stricken Greece, breaking a taboo against aid to cash-strapped governments in order to avert a crisis for the euro. Officials from the 16 countries using the currency worked out a strategy for emergency loans in case Greece’s plan for 4.8 billion euros ($6.6 billion) in tax increases and wage cuts fails to stave off fiscal disaster. The meetings resumed at 9 a.m. today with all 27 EU finance ministers. The agenda also included proposals to clamp down on hedge funds and credit-default swaps. Aid to Greece would probably come through governments pooling funds to extend direct loans, said a European official who asked not to be named. The meeting didn’t resolve the size of future loans, which countries would offer them or how long they would last and cost.
DrStool Posted March 16, 2010 Report Posted March 16, 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!
DrStool Posted March 16, 2010 Report Posted March 16, 2010 Distribution Machine Hums Along – Professional Edition March 15, 2010 By Lee Adler The pattern of minor weakness in the cycle screening indicators over the past week is symptomatic of a range bound market that lacks thrust in either direction, even though prices have been gradually levitating. Click here to download complete report in pdf format (Professional Edition Subscribers). 3 month subscription to the Wall Street Examiner Professional Editon Stocks Package, renews automatically unless canceled. Price: $69.00 By clicking this button, I agree to the Wall Street Examiner's Terms of Use.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.
DrStool Posted March 16, 2010 Report Posted March 16, 2010 Sell in May and Go Away – Professional Edition March 15, 2010 By Lee Adler Monday’s auctions again saw strong demand, but higher rates. Supply was actually a bit lower than anticipated, this week. The TARP warrant sales probably had a small impact on that, but more importantly, tax receipts carried through on February’s strengthening with more strength in March. 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. 3 month subscription to the Wall Street Examiner Professional Edition, Money-Liquidity-Real Estate package, renewing automatically unless canceled. Price: $89.00 By clicking this button, I agree to the Wall Street Examiner's Terms of Use.
alceringa Posted March 16, 2010 Report Posted March 16, 2010 Godspeed, aussiebear. Take care of your Mum, we'll take care of the Board.
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