aussiebear Posted September 9, 2011 Report Posted September 9, 2011 Early openers mixed: Kiwis +0.2%, Aussies +0.7%, Nikkers -0.3% and Sth Korea -0.8%. Energy +1% is leading the Aussie market ranging down to REITS -0.1%.
aussiebear Posted September 9, 2011 Author Report Posted September 9, 2011 http://finance.yahoo.com/intlindices?e=asia
aussiebear Posted September 9, 2011 Author Report Posted September 9, 2011 http://money.cnn.com...s/morning_call/ http://www.kitco.com http://www.kitconet....ase_metals.html http://finance.yahoo.com/
aussiebear Posted September 9, 2011 Author Report Posted September 9, 2011 http://www.engrish.com/2003/07/notice-4/
MrHanky Posted September 9, 2011 Report Posted September 9, 2011 Bullish.... BofA discussing about 40,000 job cuts: report Bank of America Corp officials have discussed slashing roughly 40,000 jobs during the first wave of a restructuring, the Wall Street Journal said, citing people familiar with the plans.The number of job cuts are not final and could change. The restructuring aims to reduce the bank's workforce of 280,000 over a period of years, the Journal said. http://finance.yahoo.com/news/BofA-discussing-about-40000-rb-3979901818.html
Jimbo Posted September 9, 2011 Report Posted September 9, 2011 THE EINHORN PORTFOLIO Very defensive - big cap value - Micosoft Pfizer. A return of capital not return on capital portfolio. Or the risk off portfolio with return thrown in. I think this is the place to be - treasuries/bonds dont return anything - inflation can blow up at any minute ---- QE whatever - euro bank panic. Big companies with biog dividends the place to be in this market - sought of like inflation protected bonds with decent interest rate.
Lugnut Posted September 9, 2011 Report Posted September 9, 2011 Still blacked out. Phone has data so I canz post
Pretzel Logic Posted September 9, 2011 Report Posted September 9, 2011 Some charts and a brief article for those still wondering if this is a new bear market: The Confirming Indicators Who Cried, "Bear!" Many folks are wondering if the market action of the last few months is simply a correction in an ongoing bull market, or a brand new bear market. Here's a snapshot of some of the confirming indicators I use periodically. If you've looked at my long-term Elliott chart, you already know that I believe this is not only a new bear market, but that it will likely be worse than 2008... http://PretzelCharts.blogspot.com
aussiebear Posted September 9, 2011 Author Report Posted September 9, 2011 A waning in the arvo. All Ords closed +0.2% with Gold +1.5% out in front followed by Telecomms +0.7%. REITS -0.5% was the chief downer. Asia losing steam: China -0.2%, Honkers -0.3%, India -0.5% and Nikkers -0.7%. On to UK/Europe:
Pretzel Logic Posted September 9, 2011 Report Posted September 9, 2011 In this post, I give some serious consideration to the bullish alternate count (well, it's short-term bullish, not long-term), and two charts to show how it might unfold: Giving the Bulls Some Airtime It always pays to play devil's advocate against yourself from time to time. I decided to take another hard look at the wave structure of this rally, and see if the more bullish (short term, anyway) alternate count I suggested a few days ago could have any credence. It does. There are a few areas of the chart that are a clusterf*dge to count, but there's nothing that violates any rules. One thing that gives this count a bit more weight... http://PretzelCharts.blogspot.com and from the end of the article: As an aside, usually when I decide to give a lot of credence to an alternate count, the preferred count is within hours of proving itself correct. If that tendancy holds, the futures will start crashing almost immediately after I post this. Well, not quite crashing as of yet, but so far ES is down 6 points since I posted that article...
Jimbo Posted September 9, 2011 Report Posted September 9, 2011 MORE BULL Cant see strong bullish conditions Big Pharma, Big Food, Big Oil, Big Tech the best places to sit out the turbulent fiscal irresponsibility waves (FIW)that hit the markets. Re Yahoo Yahoo is a dead ended stock - lots of tech stocks are dead ended stocks - they have hit a technological and market share dead end - no where to go but pay out their free cash flow to shareholders either as dividends or as share buy backs. Only Apple and Google remain open ended - but for how long???.
Lemur Posted September 9, 2011 Report Posted September 9, 2011 Back to Friday gold smackdowns. Remember those.
alceringa Posted September 9, 2011 Report Posted September 9, 2011 This is just a gratuitous self-serving post to reveal that today is the 10th Anniversary of my joining the Capital's Tool. Some might claim that I'm just rusted on. On the other hand, I claim that this is still the best place on the Web for people like us.
Trader Joe Posted September 9, 2011 Report Posted September 9, 2011 Yomama taking some pages out of the Bush/Chainy playbook by having his minions get the media all lathered up re: increased Al Queda chatter -- right before his speech What a douche
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