aussiebear Posted November 2, 2011 Report Posted November 2, 2011 Definitely down for the early openers: Kiwis -1.1%, Aussies -2%, Nikkers -1.9% and Sth Korea -2.3%. In Aussie sectors Gold +0.5% but red for the rest: Financials -2.9%, REITS -2.4% and IT -2.1%.
aussiebear Posted November 2, 2011 Author Report Posted November 2, 2011 http://finance.yahoo.com/intlindices?e=asia
aussiebear Posted November 2, 2011 Author Report Posted November 2, 2011 http://money.cnn.com...s/morning_call/ http://www.kitco.com http://www.kitconet....ase_metals.html http://finance.yahoo.com/
aussiebear Posted November 2, 2011 Author Report Posted November 2, 2011 http://www.engrish.com/2003/02/piggy-bank/
aussiebear Posted November 2, 2011 Author Report Posted November 2, 2011 Off the lows but still a poor showing. All Ords closed -1.1% with REITS -2% and Financials -1.5% down the most. Gold +1.2% and Utilities +0.5% were the only green sectors. A similar story in Asia: China -0.8%, Honkers -0.9%, India flat and Nikkers -2.1%. On to UK/Europe:
alceringa Posted November 2, 2011 Report Posted November 2, 2011 Interlude..... http://www.youtube.com/watch?v=ihJbh8zrIzU&feature=relatedmedia
Jetlag Posted November 2, 2011 Report Posted November 2, 2011 Greece considers the dracma: euro-schmero "Yes or No’ “The dilemma isn’t ‘this or another government,’” Papandreou said. “The dilemma is ‘yes or no to the loan accord’, ‘yes or no to Europe’, ‘yes or no to the euro.’” " http://www.bloomberg.com/news/2011-11-02/referendum-will-confirm-greece-in-euro-papandreou.html So Grease is getting out of the euro and apparently the EU too, which means completely out of the EMU, so they float their own currency at the level they "want" (remember that EMU currencies were controlled floats since the early 90's). Even forgetting about what will happen to their foreign and local debt denominated in Euros... will the EU put up trade barriers against Greece, or will they be allowed to run freely a beggar thy neighbor competitive devaluation? Greeks who still have money in the bank over there shouldn't think twice about redrawing at this stage.
DrStool Posted November 2, 2011 Report Posted November 2, 2011 Precious Metals Update and Price Projections 11/2/11
capitall Posted November 2, 2011 Report Posted November 2, 2011 Thanks, Al, for the interlude. Fun music and dancing on that video.
Jetlag Posted November 2, 2011 Report Posted November 2, 2011 Boomberg spins the QE3 speculations "“We are becoming increasingly persuaded that QE3 is coming, this time focused on purchases of mortgage-backed securities,” said Dana Saporta, U.S. economist at Credit Suisse in New York. “The best guess is at this meeting they’ll try to build some consensus around the idea and lay the groundwork for eventual purchases.” " http://www.bloomberg.com/news/2011-11-02/fed-seen-laying-ground-for-more-large-scale-asset-purchases.html They've added a section for readers comments. I think it'll be shortlived.
DrStool Posted November 2, 2011 Report Posted November 2, 2011 TBAC sees slightly reduced financing needs for remainder of Q4. I call bullshit. More in the Wall Street Examiner Professional Edition Treasury update tomorrow.
dogsie Posted November 2, 2011 Report Posted November 2, 2011 20+pt opening gaps in SPX 4 of last 5 days
specie Posted November 2, 2011 Report Posted November 2, 2011 QE3 coming soon to buy mortgages you gotta be kidding me
DrStool Posted November 2, 2011 Report Posted November 2, 2011 spx initial 2 day cycle projection 1237-1243.
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