Uninspired undulations

[aussiebear]

A blip up for the early openers but they're having second thoughts: Kiwis +0.5%, Aussies +0.2%, Nikkers +0.8%, Sth Korea +0.2% and Singers +0.4%.

 

Aussie sectors are mixed: Consumer Staples and REITS, both +1.2%, are leading the greens and Healthcare is leading the reds, -1.5%.

 

 

 

 

[aussiebear]

 

 

 

 

 

 

 

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

[aussiebear]

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

 

 

 

 

 

 

 

http://www.kitco.com

 

 

 

http://www.kitconet....ase_metals.html

 

 

[aussiebear]

 

 

http://www.engrish.com/2007/02/bar-round/

[aussiebear]

 

 

We didn't go anywhere today. All Ords finished flat with sectors mixed: REITS +1.5% took the lead followed by Consumer Staples +1.2% and at the other end, Miners -2.1% and Healthcare -1.4%.

 

Same story in Asia: China flat, Honkers +0.1%, India +0.5% and Nikkers +0.9%.

 

 

On to UK/Europe:

 

 

 

 

 

 

 

 

[swordfish]

regarding Strayer:

http://www.madhedgefundtrader.com/august-18-2010.html

 

BTW very good blog with some good trade hints.

 

Apollo Group (APOL) of University of Phoenix 27%,

Capella Education (CPLA) - 35%

Corinthian Colleges (COCO) - 62%

DeVry (DV) 33%,

Strayer Education - 30%.

[DrStool]

 

Precious Metals Update

 

[DrStool]

On the road this morning. See you in a few hours.

[Jimbo]

FRAGMENTED FINANCIAL MARKETS AND THE BIG POWER SHIFT

 

I agree with Themis - the fragmentation of markets has to stop.

 

What the fragmentation has done it make prices a lot more unstable - particularly over short timeframes.

 

It allows one market to be used as a "trigger" mechanism to destabilize other markets - in a cascade effect.

 

Its all about applying the pressure of buying or selling and where it can be applied, and multiplied and magnified - using a small herd to panic a bigger herd and using that bigger herd to panic a still bigger herd etc etc.

 

"It is believed that turbulent flows can be described well through the use of the Navier–Stokes equations. Direct numerical simulation (DNS), based on the Navier–Stokes equations, makes it possible to simulate turbulent flows at moderate Reynolds numbers."

 

Its all about fluid dynamics. The power has left the markets, the matching software and perhaps even to a small extent from the HFT's and increasingly resides with the "routing software" that routes the trades to the different markets.

 

I think the flash crash was probably caused by the routing software somehow tripping off the panic sells by the HFT mob - as they get their buy/sell signals and profits from the information flow - the order flow which is provided by the router software.

 

Due to market fragmentation the routing software has become much more powerful , it has become the provider of liquidity - it has become the market.

 

And it can make the HFT's dance to its tune.

[Trader Joe]

A lot of ranting about mortgage deadbeats living rent free in M2M

 

Something to keep in mind (as I had one of these douches doing the same across the street from me for 2 years in his new 7-figure chipboard "box")

 

Don't forget to take into account the downpayment!

 

Many (if not most) Jumbo's required substantial downpayments, up to 25%

 

But let's be "crazy" and say these dicks got away with 10% down (doubtful, even in the bubble years)

 

On a $2,000,0000 spread that's $200,000

 

Further assume the monthly nut on the $1,800,000 mortgage is about $13,500 (using 6% interest rate, P,I & T)

 

Therefore....the banksters, in the example above, have about a 14 month free ride on the back of the owner before they start taking the pipe

 

Most downpayments in Jumbo's are higher, so the margin of safety is even greater

 

Anywho-----

 

JustSayin' ®

[dogsie]

A lot of ranting about mortgage deadbeats living rent free in M2M

 

Something to keep in mind (as I had one of these douches doing the same across the street from me for 2 years in his new 7-figure chipboard "box")

 

Don't forget to take into account the downpayment!

 

Many (if not most) Jumbo's required substantial downpayments, up to 25%

 

But let's be "crazy" and say these dicks got away with 10% down (doubtful, even in the bubble years)

 

On a $2,000,0000 spread that's $200,000

 

Further assume the monthly nut on the $1,800,000 mortgage is about $13,500 (using 6% interest rate, P,I & T)

 

Therefore....the banksters, in the example above, have about a 14 month free ride on the back of the owner before they start taking the pipe

 

Most downpayments in Jumbo's are higher, so the margin of safety is even greater

 

Anywho-----

 

JustSayin' ®

It ain't a free ride if value has dropped substantially more than the downpayment collected.

[dogsie]

BTW, where is everyone today?

[Trader Joe]

Big support around 20-bones...

 

....err, and 10

 

[Trader Joe]

It ain't a free ride if value has dropped substantially more than the downpayment collected.

 

 

[I_Am_Madness]

Still holding my gold short from 1228+.

I'm seeing technical sells on the hourly and daily.

 

Let's see if we get the swoon down to 1210 area.