Endemic ennui

[aussiebear]

Early openers in the red: Kiwis -0.1%, Aussies -0.5%, Nikkers -0.9% and Sth Korea -0.4%.

 

In the Aussie market sectors are mixed with Financials -0.9% in the downside lead and Gold +0.4% fronting the greens.

 

 

 

 

[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]

 

 

Found in China.

[aussiebear]

Japan consumer prices, unemployment rate fall

 

TOKYO (AP) -- Japan's consumer prices fell for the 17th straight month in July, as deflation kept a tight grip on the economy.

 

The country's core consumer price index, which excludes fresh food, fell 1.1 percent from a year earlier, the government said Friday.

 

The government's new high school tuition breaks weighed heavily, dragging education costs down 13 percent. A strong yen also pushed down prices of imported goods.

 

The preliminary core CPI for Tokyo -- considered a barometer of broader price trends -- fell 1.1 percent in August, pointing toward another nationwide drop this month.

[aussiebear]

 

 

The Asia Pacific region turned tail during the day and All Ords was no exception, managing a close of +0.3%. IT +2.8% led the run followed by Consumer Staples +1.1%. Gold was the main loser, -1.5%.

 

Asia's up but gains are minimal: China +0.2%, Honkers +0.1%, India flat and Nikkers +1%.

 

 

On to UK/Europe:

 

 

 

 

 

 

 

 

[joe3pack]

the most twisted bear can't make up headlines like this, even if he/she were righteously altitudinous in an opium den:

 

Potash Chief Doyle Parlays Monkey Brain Dinner Into $445 Million Parachute

 

http://noir.bloomberg.com/apps/news?pid=20601109&sid=azjxyuylbVIc&pos=15

[rdkyote]

the most twisted bear can't make up headlines like this, even if he/she were righteously altitudinous in an opium den:

 

Potash Chief Doyle Parlays Monkey Brain Dinner Into $445 Million Parachute

 

http://noir.bloomber...yuylbVIc&pos=15

 

“When I first went to China in 1979, we were eating monkeys’ brains, crickets and sea urchins,” Doyle, 60, said in an interview. “Today you go to China and they ask you if you want to split a beef tenderloin.”

 

WTF?

[Trader Joe]

Been watching TBT and sitting on my hands. Are you getting in now or are you waiting?

 

No, not yet, and one of the reasons is below

 

Def agree with the stance, but his math around TBT is completely, totally on tilt.

 

He doesn't factor in the daily compounding. The 30 year at 5.05% might mean the March $30 calls are $21 in the money at expiry. They also might be worthless. Depends entirely on what happens every day between now & then.

 

There's only one cause, which is that he hasn't yet lost enough money playing Leveraged ETF Crackball to know which flophouse mattresses you shouldn't sleep on....

 

Edit: Drano said it 1st

[Drano]

“When I first went to China in 1979, we were eating monkeys’ brains, crickets and sea urchins,” Doyle, 60, said in an interview. “Today you go to China and they ask you if you want to split a beef tenderloin.”

 

WTF?

don't forget this completely and utterly appropriate line from that article, especially when you think of what was traditionally used for fertilizer in China for thousands of years:

 

"Doyle, a former fertilizer salesman who runs Potash Corp. "

[Ags Nightmare]

No, not yet, and one of the reasons is below

 

I'm not sure these if these psychopaths will rig rates to zero...

 

Either we stop here on the 10 year or revisit the 09 panic low.

 

The bond market is as rigged some of the CANDIES.

[K Wave Rider]

Slowly but surely, the relentless march continues...

 

Banks back switch to Renminbi for trade

 

http://www.ft.com/cms/s/0/182a2b70-b130-11df-b899-00144feabdc0.html

 

 

A number of the world’s biggest banks have launched international roadshows promoting the use of the renminbi to corporate customers instead of the dollar for trade deals with China.

 

HSBC, which recently moved its chief executive from London to Hong Kong, and Standard Chartered, are offering discounted transaction fees and other financial incentives to companies that choose to settle trade in the Chinese currency.

[K Wave Rider]

Watching IYR today...if bears cant take it under 50 ASAP, we may be putting in some sort of bottom here...

 

If 50 falls again, Niagra beckons....

[K Wave Rider]

Copper still holding bull trend off the hourly 900...bears need to see reversal back down right here right now....

[Rationalize]

Looking at historical charts, I figure all we need is 1 VIX blip over 30, to see a resurgent Shorty.