aussiebear Posted September 28, 2011 Report Posted September 28, 2011 Early openers started the day up but they're fading fast: Kiwis +0.3%, Aussies +0.5%, Nikkers and Sth Korea +0.3%. Aussie sectors shuffling nervously: REITS +2.3%, Gold +2.2% and IT +1.8%.
aussiebear Posted September 28, 2011 Author Report Posted September 28, 2011 http://finance.yahoo.com/intlindices?e=asia
aussiebear Posted September 28, 2011 Author Report Posted September 28, 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 28, 2011 Author Report Posted September 28, 2011 France and Italy almost back to the 2009 lows..
Lugnut Posted September 28, 2011 Report Posted September 28, 2011 This sums things up ... http://www.bloomberg.com/news/2011-09-28/yen-gains-commodities-drop-on-growth-outlook.html “This relief rally is largely based on hopes rather than facts; at the end of the day, the bigger picture is that we’re in a bear market in equities globally and we’ll get these bouts of hope and they will be followed by phases of disappointment and reality sinking in,” Mikio Kumada, a global strategist at LGT Capital Management in Singapore, said in a Bloomberg television interview. “Overall the big picture hasn’t improved in the last few days and the opposite is rather the case. The problems remain in Europe.”
Drano Posted September 28, 2011 Report Posted September 28, 2011 Vanilla Valuations, Aussiebear? and here we're hoping for Raspberry Results ! :lol:
FranciscoTheMan Posted September 28, 2011 Report Posted September 28, 2011 green open, I'd dong it if I traded futures.
aussiebear Posted September 28, 2011 Author Report Posted September 28, 2011 No delicious delicacies today Drano, it was all pretty ordinary.. All Ords scratched out +0.8% and most sectors were up but the lack of enthusiasm was palpable. REITS +2.8% continued to lead, Gold +1.2% was in the middle and Healthcare -0.2% was the only down sector. Asia mostly down: China -0.7%, Honkers -1.2% India -0.5% and Nikkers +0.1%. On to UK/Europe:
joe3pack Posted September 28, 2011 Report Posted September 28, 2011 This sums things up ... http://www.bloomberg.com/news/2011-09-28/yen-gains-commodities-drop-on-growth-outlook.html “This relief rally is largely based on hopes rather than facts; at the end of the day, the bigger picture is that we’re in a bear market in equities globally and we’ll get these bouts of hope and they will be followed by phases of disappointment and reality sinking in,” Mikio Kumada, a global strategist at LGT Capital Management in Singapore, said in a Bloomberg television interview. “Overall the big picture hasn’t improved in the last few days and the opposite is rather the case. The problems remain in Europe.” i think i got it. lay, gesbian, transylvanian.
Jetlag Posted September 28, 2011 Report Posted September 28, 2011 "Three years after the collapse of Lehman Brothers Holdings Inc., money-market borrowing rates for dollars are rising, leading the Fed and European Central Bank to make the currency available to Europe’s institutions for as many as three months. U.S. prime money-market funds cut their exposure to euro-zone bank deposits and commercial paper, or short-term IOUs, to $214 billion in August from $391 billion at the end of last year, according to JPMorgan Chase & Co. data. " http://www.bloomberg.com/news/2011-09-28/euro-crisis-makes-fed-lender-of-only-resort-as-banks-chase-dollar-funding.html When money market funds cut their exposure to euro banks (-50% is that a lot?), central banksters have to fill the gap. They can't let the short-term grease dry for big finanglers, it would be TEOTWAWKI. Other thing I read from this is that interest rates seem to matter more than the demand/supply picture for currencies at bankster deposits. Somewhat of a "currency run" at euro's deposited in european banks didn't collapse the euro against the dollar - so far.
Dopamine Posted September 28, 2011 Report Posted September 28, 2011 I'll be looking to buy some puts today.
Pretzel Logic Posted September 28, 2011 Report Posted September 28, 2011 Finally posted last night's update. Poured over a lot of charts tonight. Ugh. 9-27-11 Update: The Clusterf*dge Market Charting this market has been an exercise in patience lately. Remember way back in August when wave iv was obviously a triangle? And then it wasn't. Remember the head and shoulders pattern that whipsawed? TWICE? It has finally become apparent that the market has formed the rare but reliable WTF is This Crap? pattern. Edwards and Magee describe the pattern thusly: WTF is This Crap? Pattern: This pattern occasionally shows up as a consolidation after a mini-crash. It is recognizable by the fact that it is largely indistinguishable from utter chaos. The main defining characteristics of this pattern are that it trades within a broad range, and all other patterns formed within the WTF is This Crap? Pattern are utterly meaningless and will ultimately fail. If you find yourself staring at a chart for hours, after which you finally remark, "WTF is this crap?" you have probably just come into contact with this pattern. continued at http://PretzelCharts.blogspot.com
Trader Joe Posted September 28, 2011 Report Posted September 28, 2011 So many stocks So little time Expecting one more buying opportunity in October...that will coincide with the days before some sort of nonsense Urow debt solution Blah blah blah
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