aussiebear Posted September 10, 2010 Report Posted September 10, 2010 Early openers in a positive frame of mind: Kiwis +0.2%, Aussies +0.1%, Nikkers +1.9% and Sth Korea +1.3%. Sectors are mixed in the Aussie market: Telecomms are out in front, +0.7% and Gold is doing the pullback, -1.7%.
aussiebear Posted September 10, 2010 Author Report Posted September 10, 2010 http://finance.yahoo.com/intlindices?e=asia
aussiebear Posted September 10, 2010 Author Report Posted September 10, 2010 http://money.cnn.com...s/morning_call/ http://www.kitco.com http://www.kitconet....ase_metals.html
capitall Posted September 10, 2010 Report Posted September 10, 2010 Ags, it looks like maybe you went off to sleep. Here is my reply I wrote on MTM to you about the possibility of your becoming a book writer. http://tallstories.wordpress.com/2008/02/19/naked-rejection-you-have-to-take-it-on-the-chin/ Well, look at the list here. A lot of publishers hang you out to dry, just before someone accepts your manuscript and you become world famous. And the experiment with Jane Austen's books is hilarious.
aussiebear Posted September 10, 2010 Author Report Posted September 10, 2010 The market ran out of puff in the arvo to leave All Ords -0.4% for the day. Gold -2% led the downers followed by Healthcare -1.4% and Energy -1%. There wasn't a green sector in sight with Financials -0.2% losing the least. Over in Asia there's a mix: China +0.1%, Honkers flat, India +0.7% and Nikkers +1.6%. On to UK/Europe:
aussiebear Posted September 10, 2010 Author Report Posted September 10, 2010 China Posts $20 Billion Trade Surplus as U.S. Seeks Yuan Gains China posted a third straight trade surplus of more than $20 billion in August even as imports leaped, highlighting friction with the U.S. over claims that the nation’s currency is undervalued. Exports rose 34.4 percent and inbound shipments climbed a more-than-forecast 35.2 percent, leaving a $20.03 billion excess, a customs bureau report showed today. That compared with $15.7 billion a year earlier and the median $26.9 billion estimate in a Bloomberg News survey of 34 economists. The yuan headed for its biggest weekly gain against the dollar since June as sustained surpluses may fuel American lawmakers’ calls to escalate pressure on China. At the same time, the surge in imports may fortify Chinese officials’ position that the nation is already making progress in boosting demand for overseas goods, independent of the exchange rate.
specie Posted September 10, 2010 Report Posted September 10, 2010 i didn't know that this was a competition to see who could go the longest without posting guess i lost
K Wave Rider Posted September 10, 2010 Report Posted September 10, 2010 Euro still playin' ping pong in the 2 hours jaws, after the stick save put in at the 900 last night... we should break out of this range and get some trending action going pretty soon here...
K Wave Rider Posted September 10, 2010 Report Posted September 10, 2010 i didn't know that this was a competition to see who could go the longest without posting guess i lost If the action on this board over the last few days is any indication............
K Wave Rider Posted September 10, 2010 Report Posted September 10, 2010 Crude still buttin' it's head against the big resistance area, after holding the hourly 200 last night...this wedgie should just about ready to finish things up here...
DrStool Posted September 10, 2010 Report Posted September 10, 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!
Trader Joe Posted September 10, 2010 Report Posted September 10, 2010 The Traders Who Skip Most of the Day ...Briargate, a proprietary-trading firm that the two former NYSE floor "specialist" traders started in 2008, is mostly active at the stock market's open and close. ...In between, when market activity typically drops, the Wall Street veterans play tennis in Central Park, take leisurely lunches, visit their children's schools and work out at the gym. Dress shoes have been replaced with flip-flops, slacks with cargo shorts. Once during market hours, they walked about five miles and crossed the Brooklyn Bridge to try Grimaldi's pizza. ..."But from 11 to 2, the markets are pretty quiet—what's the point? As a specialist, you have to stand in your spot all day and we did that for 20 years." ...[the first & last] hours now make up more than half of the entire day's trading volume ..."If someone offered us three times what we make to do a real job, we wouldn't do it," Mr. Oscher says. "Money isn't everything. Plus, we'd make terrible employees." wsj.com
Brick Stoolhouse Posted September 10, 2010 Report Posted September 10, 2010 The Traders Who Skip Most of the Day ...Briargate, a proprietary-trading firm that the two former NYSE floor "specialist" traders started in 2008, is mostly active at the stock market's open and close. ...In between, when market activity typically drops, the Wall Street veterans play tennis in Central Park, take leisurely lunches, visit their children's schools and work out at the gym. Dress shoes have been replaced with flip-flops, slacks with cargo shorts. Once during market hours, they walked about five miles and crossed the Brooklyn Bridge to try Grimaldi's pizza. ..."But from 11 to 2, the markets are pretty quiet—what's the point? As a specialist, you have to stand in your spot all day and we did that for 20 years." ...[the first & last] hours now make up more than half of the entire day's trading volume ..."If someone offered us three times what we make to do a real job, we wouldn't do it," Mr. Oscher says. "Money isn't everything. Plus, we'd make terrible employees." wsj.com Gives credence to Ags blog about the market only being open for 1 hour per day. Did you see those dudes were at a movie during the flash crash? :lol:
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