Requisite redial

[aussiebear]

Early openers heading south: Kiwis -0.3%, Aussies -2.1%, Nikkers -1.3% and Sth Korea -2.3%.

 

All Aussie sectors red led by Miners -3.5%, Materials -3.3% and Energy -2.4%.

 

 

 

 

[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

 

 

 

http://finance.yahoo.com/

[aussiebear]

 

 

http://www.engrish.com/2003/06/get-off-only/

[aussiebear]

 

 

On the downward trail once again. All Ords closed -2.6% with hefty losses in the resource sectors: Miners -4.7%, Materials -4.4% and Gold -3.3%. IT +0.5% was the only green sector.

 

Big losses in Asia: China -2.1%, Honkers -4.4%, India -2.2% and Nikkers -2.1%.

 

 

On to UK/Europe:

 

 

 

 

 

 

 

 

[Lugnut]

More signs of Chinese housing bubble may burst soon.

 

http://www.bloomberg.com/news/2011-09-22/china-developers-fall-on-reports-of-more-lending-restrictions.html

[Pretzel Logic]

Posted das new blog update last night:

 

C'mon Bennie, Let's Do the Twist...

 

So the Fed honored our prediction from last night and gave no indication of launching QE3 in 3D: The Revenge, but today announced "Operation Twist." Under Operation Twist, future Fed market actions will be decided over a friendly game of Twister, to be held in Ben's basement on alternate Tuesdays. If things get really bad for the conomy, they have left the option open to stretch the game out over two days, although some of the Fed governors will then play using pre-designated "stand-ins." Under the "Loser Buys Drinks" provision, jello shots will be provided by the taxpayers.

 

Or if you want to read what it's really about, you can do that here. Quite frankly, I don't have time to read it: I'm too busy preparing Jello shots for the Boyz...

 

continued, with additional chart, at

 

http://PretzelCharts.blogspot.com

 

[aussiebear]

UK/Europe going down hard: Footsie -4.6%, DAX 4% and France -4.8%.

 

[specie]

if CRAAPL closes under 400 tomorrow

 

just review what happened to NFLX since 7/19/11

 

cut in half

[Lemur]

Crazy forex moves last night and this morning.

[Trader Joe]

Um

 

 

Err

 

 

 

Uh

 

 

[Trader Joe]

It will be interesting to see if the Mreits gain a little ground after yesterdays Fed fumble, and once things settle down (see: fuctures, OOOFFFAAA)

 

An outstanding bid of $400B on mort paper (although probably just GSE paper) should be positive for the sector in general

 

Prepays are good short term, as they boost income faster, however the curve flattening will diminish revenue and hence dividends down the road

 

Net effect off all of it should be just about zero

 

__________________

 

At the end of the day, the only way I can make sense of this is that they are setting up for monster govi Re-Fry program probably to be announced in a few weeks

 

Everything other than housing is hurt by this action

 

-- Pensions = HURT

-- Equities = HURT

-- Banks (spread) = HURT

 

Looks as though they are putting it all on BLACK (housing, the BIG conomic driver, or so they think), and spinning the wheel

____________

 

This administration, it's advisers, and current Fed are setting up to go down as the worst group of clueless assholes in the history of this now rapidly crumbling Empire

[K Wave Rider]

Hi Ho Silver!

 

If you're in inverse ETFs that is...

 

that failure at 42 was classic...

[K Wave Rider]

Can you say deflation?

 

Crude gettin' hammered..

 

Copper too. that failure to hold $4 was big....

 

Euro under 1.35...daily chart in freefall area...

[specie]

Hi Ho Silver!

 

If you're in inverse ETFs that is...

 

that failure at 42 was classic...

yeah i'm there SLV

 

(still ain't green as of yesterday)

 

my horizon is eons compared to most here