Flippant finangling

[aussiebear]

Moving right along for the early openers: Kiwis +1.1%, Aussies +1.6%, Nikkers +2.3% and Sth Korea +1.2%.

 

All sectors green in the Aussie markets with Financials +2.2% in the lead followed by Miners +1.6%. REITS is showing the least gain, albeit a respectable +0.9%.

 

 

 

 

[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]

 

 

Bar found in Korea.

[aussiebear]

 

 

My normal site for sector info is having technical probs. Suffice to say it was a big day for All Ords with a close of +1.8%.

 

Asia also on the up: China +1.6%, Honkers +0.6%, India +0.4% and Nikkers +1.8%.

 

 

On to UK/Europe:

 

 

 

 

 

 

 

 

[DrStool]

 

Hastings Revisited… Again

 

[rdkyote]

Interesting that the Yen is back to its pre "less worse than expected" GDP level after BOJ f*rted in the wind.

[rdkyote]

Here's the GBPUSD... i usually short these back tested failed regression channels. You got the 200-day there to contend with though at ~1.5450.

[Trader Joe]

Classic Wall Street double speak....this douche is covered, and is "right", whether the market goes down or up....

______

Ralph Fogel, head of investment strategy at wealth-management firm Fogel Neale Partners, said he has no doubt that on a short-term basis, the market can move lower. But "it's becoming appealing to be in equities because people are running away from it in droves," he said.

wsj

[rdkyote]

Classic Wall Street double speak....this douche is covered, and is "right", whether the market goes down or up....

______

Ralph Fogel, head of investment strategy at wealth-management firm Fogel Neale Partners, said he has no doubt that on a short-term basis, the market can move lower. But "it's becoming appealing to be in equities because people are running away from it in droves," he said.

wsj

 

often they throw the word "cautious" in there. i.e. we're cautious short term but maintain our long term outlook; or we're cautious long term but think there are opportunities in the short term.

 

i see your lips moving but all i hear is wha wha wha.

 

http://www.youtube.com/watch?v=eUyLwXhqlWU

[T_Slim]

The bullphoria is wearing off. Bull suck-ins and bear suck-ins. I don't know what to think of this market anymore.

[Rationalize]

Classic wall street dumb-ass-should-know-better anal cyst.

 

His "point" is a double-dip is unlikely. As is getting two speeding tickets on the one day.

 

Thankfully this was corrected by a non-anal cyst reader [LadyH]:

 

"What are the odds of being caught speeding twice in one day?

 

The odds are exactly the same the second time as the first in the abscence of a change of behaviour because the two events are statistically independent. Bright yellow cars have sweet fanny adams to do with it.

 

if people in the financial markets think that "losing" once implies less chance of losing again if they maintain high risk behaviour (as apparently they do) then we really are f**ked."

 

Less-than-zero-hedge:

http://www.zerohedge.com/article/double-dip-statistical-equivalent-traffic-ticket-and-guess-which-sole-asset-class-implied-vo#comments

[DrStool]

 

Precious Metals Update

 

[Drano]

Bright yellow cars have sweet fanny adams to do with it.

 

 

sweet fanny adams? Am I the only one who never heard that term before?

[DrStool]

Ags was on a roll yesterday.