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Vapid volatility


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Posted

Early openers are still deciding which way: Kiwis +0.2%, Aussies +0.1%, Nikkers +0.6% and Sth Korea +0.5%.

 

In the Aussie market, Gold and Telecomms, both +1% are heading the greens with Miners down the most, -0.6%.

 

 

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Posted

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All Ords finished up a smidge, +0.1% with sectors mixed. IT +2.3% was leader followed by Telecomms +2% and Financials -0.4% posted the biggest loss.

 

Asia was considerably more ebullient: China +0.7%, Honkers +1.2%, India +1% and Nikkers +1.3%.

 

 

On to UK/Europe:

 

 

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Posted

Breaking: Intel to buy McAfee in an all cash deal.

 

This and the BHP bid are gonna help put some wind to the back of Manifest Destiny.

Posted

The only advantage of having a 15 month old who wakes you up at 4am for the second time in the night is that you can finally haul your tail out of bed at 5am and watch the job release, and catch squackbox for the first time in months and learn that Joe Kernan has become an even larger pr*ck than he was when your boy was just a 13 month old....

 

I'm surprised Byron Wein hasn't simply walked off set.

Posted

We either just saw the last dip before Manifest Destiny's 2nd stage thrusters kick in....or bears about to take the ball fur awhile

 

we should know fairly soon methinks...

 

Euro trying to reclaim hourly 900 here after overnight dip back below...

Posted

Uh oh - 500,000 jobless claims.

 

Manifest Destiny just encountered a colonial uprising.

 

It will probably be ignored...but the irony is the herd will instead cheer "merger mania"...which sends sectors into orbit...which when completed by the acquiring company.....creates more "job losses"...

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