aussiebear Posted March 17, 2011 Report Posted March 17, 2011 Early openers churning: Kiwis -0.4%, Aussies -0.7%, Nikkers -4.5% and Sth Korea -1.3%. Gold -2.1% is the chief downer in the Aussie market with REITS next at -1.3%. There's a couple of minor green sectors, Telecomms +0.3% and Utilities +0.2%.
aussiebear Posted March 17, 2011 Author Report Posted March 17, 2011 http://finance.yahoo.com/intlindices?e=asia
aussiebear Posted March 17, 2011 Author Report Posted March 17, 2011 http://money.cnn.com...s/morning_call/ http://www.kitco.com http://www.kitconet....ase_metals.html
aussiebear Posted March 17, 2011 Author Report Posted March 17, 2011 http://www.engrish.com/2005/05/oh-crap/
Drano Posted March 17, 2011 Report Posted March 17, 2011 Speaking as a bear who has been incensed at the crazy run-up for the last couple years -- I never wanted something like this Japanese tragedy to be the cause of a move down to more rational levels. I salute the 50 Japanese heroes who know they are going to die painful horrible deaths trying to save their countrymen and the world. Truly, the finest that the human race has to offer.
aussiebear Posted March 17, 2011 Author Report Posted March 17, 2011 Neither here nor there for the Aussie market. All Ords closed -0.1% with most sectors lifted off their lows: Gold -1.1%, IT -0.9% were the chief losers and Telecomms +1.6% and Energy +1% gained the most. Generally red for Asia: China -0.5%, Honkers -1.8%, India -0.3% and Nikkers -1.6%. On to UK/Europe:
aussiebear Posted March 17, 2011 Author Report Posted March 17, 2011 Speaking as a bear who has been incensed at the crazy run-up for the last couple years -- I never wanted something like this Japanese tragedy to be the cause of a move down to more rational levels. I salute the 50 Japanese heroes who know they are going to die painful horrible deaths trying to save their countrymen and the world. Truly, the finest that the human race has to offer. Let's hope their efforts aren't in vain but it doesn't sound good from the reports coming through..
K Wave Rider Posted March 17, 2011 Report Posted March 17, 2011 Dude who pretty much predicted the San Fran quake, says he sees the ingredients for another big one in Californicated...perhaps this weekend... http://www.theweatherspace.com/news/TWS-3_16_2011_jimberkland.html Former USGS Geologist Jim Berkland predicts a major earthquake in California this month. Berkland has been known to predict quakes, his best being the 'World Series' quake in the 80s in the San Francisco Bay area. Berkland even had a bet with a news publication that it would actually happen. Berkland is now back with his strongest prediction since the 80s on what he is calling a major earthquake to strike California with a window between March 19th and 26th. The geologist says that 'moon proximity' and 'fish deaths and beachings are signs of massive earthquakes. Jim has been on Fox News, KFI, and many other networks voicing this warning to everyone that is listening to it. While USGS states quakes are not predictable, Berkland disagrees.
howard in nyc Posted March 17, 2011 Report Posted March 17, 2011 drano, it is just a trigger, or an accelerator. this tragedy could've happened anytime; the return to rationality has to happen sooner or later. the kobe earthquake didn't wreck the japanese or world economy. system wasn't ready to fall yet. and i completely agree with your view of the workers. suicide mission to save others. eta: damn, if that dude predicted the sf quake, i wish he would've told me. i'd watched it on tv, instead of soiling myself and screaming like a little girl in the upper deck of the stadium that day.
Goldmember Posted March 17, 2011 Report Posted March 17, 2011 The market rolled back in February. I posted a slew of charts right at the peak that nailed the sucker in it's tracks. The downside since has followed perfect cyclic oscillation to an increasingly intense down-phase, right on schedule. It should end around now, for a few days to a week or so. Whether the downslope continues after that is yet to be seen. Japan...was a most unfortunate coincidence at a really bad time for investors. The human toll is truly horrible for them to bear. My heart goes out to them all. A horrible disaster, but NOT the be-all, end-all of the selling we've seen in the markets, or any buying, either. My opinion anyway...
Jimi Posted March 17, 2011 Report Posted March 17, 2011 Dude who pretty much predicted the San Fran quake, says he sees the ingredients for another big one in Californicated...perhaps this weekend... http://www.theweatherspace.com/news/TWS-3_16_2011_jimberkland.html Former USGS Geologist Jim Berkland predicts a major earthquake in California this month. Berkland has been known to predict quakes, his best being the 'World Series' quake in the 80s in the San Francisco Bay area. Berkland even had a bet with a news publication that it would actually happen. Berkland is now back with his strongest prediction since the 80s on what he is calling a major earthquake to strike California with a window between March 19th and 26th. The geologist says that 'moon proximity' and 'fish deaths and beachings are signs of massive earthquakes. Jim has been on Fox News, KFI, and many other networks voicing this warning to everyone that is listening to it. While USGS states quakes are not predictable, Berkland disagrees. I've heard that guy on the radio and found his "Quack" rating to be low. Think I'll double-check my water supplies tomorrow.
Lemur Posted March 17, 2011 Report Posted March 17, 2011 I've heard that guy on the radio and found his "Quack" rating to be low. Think I'll double-check my water supplies tomorrow. Hope they are taking pre-cautions at those Nuke plants there.
Trader Joe Posted March 17, 2011 Report Posted March 17, 2011 How bad could the radiation poisoning be? The snip below is from an email my Dad sent me last night....he was a piping and pressure vessel engineer. ____________ I worked on the design of a lot of Savannah Rivers equipment. One group of visiting engineers, went into one of the rooms on a visit. One engineer rubbed his finger along some condensate, on one of the pipes. As they left the room, the alarm went off, indicating someone was radioactive. The chap who rubbed his finger along the condesate was rushed to the in plant clinic. There they amputated the tip of his finger, as it was radioactive.
Trader Joe Posted March 17, 2011 Report Posted March 17, 2011 Link http://www.youtube.com/watch?v=kK62tfoCmuQ&feature=related
Trader Joe Posted March 17, 2011 Report Posted March 17, 2011 I think looking at BP's chart during the Gulf Whoopsiedoodle is a perfectly reasonable proxy for where Japan might go In other words, 50% down Massive intervention notwithstanding
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