aussiebear Posted January 17, 2012 Report Posted January 17, 2012 Early openers are upwardly mobile: Kiwis +0.1%, Aussies +0.9%, Nikkers +0.5% and Sth Korea +1.3%. All Aussie sectors are green with Energy +1.7% in the lead followed by Miners and Materials +1.2%.
aussiebear Posted January 17, 2012 Author Report Posted January 17, 2012 http://finance.yahoo.com/intlindices?e=asia
aussiebear Posted January 17, 2012 Author Report Posted January 17, 2012 http://money.cnn.com...s/morning_call/ http://www.kitco.com http://www.kitconet....ase_metals.html http://finance.yahoo.com/
Goldmember Posted January 17, 2012 Report Posted January 17, 2012 -7 degrees C outside my Naughty Palace. It came down from Alaska and can damn well go back! I'd rather have a Pineapple Express come in from Hawaii anytime. Brrrrrrr! I hate below zero weather.
DrStool Posted January 17, 2012 Report Posted January 17, 2012 Shawinigan was 25 below C last night, but is warming up with 20 inches+ of snow expected between Tuesday and Saturday. I can't wait to get back.
MrHanky Posted January 17, 2012 Report Posted January 17, 2012 ES up over 20 from the lows But nobody here is shocked I am sure.
An Ant Posted January 17, 2012 Report Posted January 17, 2012 Damn the torpedoes, full speed ahead...
DrStool Posted January 17, 2012 Report Posted January 17, 2012 I have just finished the Fed Report. Deposit flows into US banking system (apparently from EU) continue at shocking levels. There is NO WAY the markets can decline as long as this continues. Meanwhile, the Fed continues to quietly tap the brakes, without explanation or comment, as the money supply explodes. The Fed is transparent only about positive propaganda. Anything negative, it shuts up tight as a clam. Will write exec sum and post in the morning. Stay up to date with the machinations of the Fed, Treasury, Primary Dealers and foreign central banks in the US market, along with regular updates of the US housing market, in the Fed Report in the Professional Edition, Money Liquidity, and Real Estate Package. Try it risk free for 30 days. Don't miss another day. Get the research and analysis you need to understand these critical forces. Be prepared. Stay ahead of the herd. Click this link and begin your risk free trial NOW!
aussiebear Posted January 17, 2012 Author Report Posted January 17, 2012 All Ords continued in an upward trajectory for the rest of the day closing +1.6%. Energy +2.7% continued to lead followed by Miners and Telecomms +2.1%. Asia also on the move: China +1.2%, Honkers +1.9%, India +1.4% and Nikkers +0.7%. On to UK/Europe:
MrHanky Posted January 17, 2012 Report Posted January 17, 2012 ES up over 20 from the lows But nobody here is shocked I am sure. 27 off yersterday's lows now ES at 1299 now,with no dips!
Jimbo Posted January 17, 2012 Report Posted January 17, 2012 An interesting number I was by chance perusing Wells Fargo 10Q and came across some interesting numbers in the balance sheet Like a $16 billion increase in "accrued expenses and other liabilities" over 9 months from 31 Dec 2010 to 30 Sept 2011 from $60 bill to $86 bill. Thats a lot ...what is it? Most of it $75 billion is incurred by a subsidiary according to a note on page 148. Im sure an accounting expedition to this subsidiaries finances would be fascinating worthwhile and educational journey for any explorer accountants out there. They wouldnt be accruing unpaid interest would they and not running it thru the P/L statement until say they foreclosed and sold the house??? Of course not!!!!! Perish the thought!!!! If this expense rather than being capitalised as a liability on the balance sheet were instead run thru the P/L statement - at say $20 billion a year Then Wells Fargo would be losing about $5 billion a year. I am absolutely certain without a shadow of a doubt that there is some perfectly normal rational and acceptable explanation and all fears can be readily immediately and permanently laid to rest!!!
Jetlag Posted January 17, 2012 Report Posted January 17, 2012 Just as I feared for bears, the EUR/USD correlation with markets was lost while the EUR was going down, but now it'll come back as the EUR goes up. Probably because the EUR was going down as an effect of liquidity injections by the ECB and money flowing out of europe into US.
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