aussiebear Posted January 13, 2012 Report Posted January 13, 2012 Early openers cautiously optimistic: Kiwis +0.2%, Aussies +0.5%, Nikkers +1% and Sth Korea +0.7%. Energy +1.3% is leading Aussie sectors followed by Miners +1%.
aussiebear Posted January 13, 2012 Author Report Posted January 13, 2012 http://finance.yahoo.com/intlindices?e=asia
aussiebear Posted January 13, 2012 Author Report Posted January 13, 2012 http://money.cnn.com...s/morning_call/ http://www.kitco.com http://www.kitconet....ase_metals.html http://finance.yahoo.com/
aussiebear Posted January 13, 2012 Author Report Posted January 13, 2012 Chinese beer found in Dublin, Ireland.
aussiebear Posted January 13, 2012 Author Report Posted January 13, 2012 Pretty much sideways for the rest of the day with All Ords closing +0.4%. Sectors ranged from Energy +0.8% down to IT -0.9%. Over in Asia, China -1.9%, Honkers flat, India +0.5% and Nikkers +1.2%. On to UK/Europe:
Jetlag Posted January 13, 2012 Report Posted January 13, 2012 What's amazing is that so few people check into a guru's past track record, like you did on Dent, Madness. They think they know the guru's track record by looking at the carefully selected trades/predictions the guru reveals/claims he has done.
alceringa Posted January 13, 2012 Report Posted January 13, 2012 Musical Interlude- http://www.youtube.com/watch?v=hCuMWrfXG4E&ob=av2e
Jetlag Posted January 13, 2012 Report Posted January 13, 2012 10 year 3 year Pivotal point for Italy: "Italy will sell bonds due in 2014 and 2018 today after the nation’s borrowing costs more than halved at an auction of one- year bills yesterday. Italy’s 10-year yield fell 12 basis points, or 0.12 percentage point, today to 6.52 percent. Spanish 10-year yields dropped four basis points to 5.10 percent. " http://www.bloomberg.com/news/2012-01-13/euro-heads-for-first-weekly-gain-in-six-on-italy-bond-gains-ecb-optimism.html Was it the ECB that intervened or the market was left free to judge Italy's credit quality?
Lemur Posted January 13, 2012 Report Posted January 13, 2012 They think they know the guru's track record by looking at the carefully selected trades/predictions the guru reveals/claims he has done. They play the same game as politicians and corporate executives - self promotion. These professions seem to attract more than there fair share of sociopaths (conscience free types).
DrStool Posted January 13, 2012 Report Posted January 13, 2012 I've heard Dent in lengthy interviews. Don't know about his past record, but his current thesis makes sense to me. The problem is that his model doesn't include central bank and borker/diller behavior. Demographics do not play a central role in the behavior of financial markets. What matters most is what the casino owners and bankers want. The players are just pawns in the game. Well, a few are rooks, but the central banks and borker/dillers are the kings, queens, and bishops.
K Wave Rider Posted January 13, 2012 Report Posted January 13, 2012 Dumb and Dumber... Documents show how Fed missed housing bust http://news.yahoo.com/documents-show-fed-missed-housing-bust-022039343.html Ben Bernanke presided over his first meeting as Federal Reserve chairman in March 2006 believing the nation's economy could pull off a "soft landing" from falling home prices. Three months later, Bernanke had begun to grasp that he and others had underestimated the risk housing posed to the economy. Newly released transcripts of Fed meetings during Bernanke's first year as chairman show that, among Fed officials, he often expressed the most concern about housing. But no official, according to the transcripts, recognized the extent of the damage a housing bubble would cause. A year later, the housing market's collapse helped send the nation into its worst recession since the Great Depression. In fact, Treasury Secretary Timothy Geithner, then a Fed official, expressed confidence in September 2006 that "collateral damage" from housing could be avoided. The transcripts released Thursday covered the eight meetings of the central bank's chief policy-making body, the Federal Open Market Committee, during 2006. That included the last meeting of Federal Reserve Chairman Alan Greenspan in January of that year and Bernanke's first meeting in March after he had succeeded Greenspan as chairman.
DrStool Posted January 13, 2012 Report Posted January 13, 2012 The fact that the transcripts are only released 5 years after the fact tells you all you need to know. The transcripts prove my contention that the Chairman and FOMC members are clueless and delusional. They also prove that the minutes released within a few weeks of the meetings are sterilized and edited for propaganda and manipulation purposes. The Fed is a sham operation.
I_Am_Madness Posted January 13, 2012 Report Posted January 13, 2012 The fact that the transcripts are only released 5 years after the fact tells you all you need to know. The transcripts prove my contention that the Chairman and FOMC members are clueless and delusional. They also prove that the minutes released within a few weeks of the meetings are sterilized and edited for propaganda and manipulation purposes. The Fed is a sham operation. Pretty much summed up the entire crisis.
Lemur Posted January 13, 2012 Report Posted January 13, 2012 The fact that the transcripts are only released 5 years after the fact tells you all you need to know. The transcripts prove my contention that the Chairman and FOMC members are clueless and delusional. They also prove that the minutes released within a few weeks of the meetings are sterilized and edited for propaganda and manipulation purposes. The Fed is a sham operation. Have to remember these guys are making decisions (like politicans) on what will get them re-elected. The logic becomes more apparent when you look at the 'behind the scenes' motives.
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