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Malleable multiplication


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Posted

Early openers on a run: Kiwis +1.5%, Aussies +1.9%, Nikkers +1.5% and Sth Korea +2.6%.

 

A rebound for Aussie sectors: Gold +4.8%, Miners +3.1% and Materials +2.9%.

 

 

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Posted

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Not much change for the rest of the day: All Ords +2%, Gold +4.6%, Miners +3.3% and Materials +3%.

 

Asia up but not getting carried away: China +0.3%, Honkers +1.6%, India +1.5% and Nikkers +1.4%.

 

 

On to UK/Europe:

 

 

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Posted

ECB Santa parachuting limitless money for EU banksters.

 

"The Frankfurt-based ECB awarded 489 billion euros ($645 billion) in 1,134-day loans, more than economists’ median estimate of 293 billion euros in a Bloomberg News survey. The ECB said 523 banks asked for the funds, which will be lent at the average of its benchmark rate -- currently 1 percent -- over the period of the loans. The ECB also lent banks $33 billion for 14 days in a regular dollar offering, up from $5.1 billion a week ago. The euro jumped half a cent to $1.3198. "

 

http://www.bloomberg.com/news/2011-12-21/ecb-will-lend-banks-more-than-forecast-645-billion-to-keep-credit-flowing.html

 

They're all good boys for buying EZ sobereign debt. The consumer/worker get a bag of coal.

Posted

An awful lot of complacency about SPX 1300 yesterday, but NQ gets slamjected off the hourly 900...

 

IF 2220 falls again, likely to start getting ugly....

 

Euro coming back down to the edge...but Crude still holding up thus far...

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