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Elastic equanimity


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Posted

A different mood entirely today: Kiwis +0.9%, Aussies +0.8%, Nikkers +0.4% and Sth Korea +0.9%.

 

All Aussie sectors green: Healthcare +1.7%, Consumer Staples +1.4%, IT and Miners +1.1%.

 

 

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Posted

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Some confident buyers out there today: All Ords closed +1.1% and in the sectors, Utilities +1.9%, Consumer Staples +1.6% and Financials +1.5%.

 

Over in Asia, China dipping slightly, -0.2% and for the others it's Honkers +1.2%, India +1.3% and Nikkers +1%.

 

 

On to UK/Europe:

 

 

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Posted

LTRO dribbling out...

 

Probably being used to keep a floor and/or upward bias

 

Massive additional gains ahead from now through June-ish? Doubtful

 

Crushing protracted sell-off right around the corner? Doubtful

 

Election year ass-blast ahead? See: July-November 2012

Posted

LTRO dribbling out...

 

Probably being used to keep a floor and/or upward bias

 

Massive additional gains ahead from now through June-ish? Doubtful

 

Crushing protracted sell-off right around the corner? Doubtful

 

Election year ass-blast ahead? See: July-November 2012

 

July-November 2012 ain't been done yet.

Posted

Now that the mock it is trying to break out, we'll find out if the Theory of El Toro Grande (which I first hypothesized many weeks ago) has any validity. The "proof line" is 1378.

Posted

July-November 2012 ain't been done yet.

 

Even if the Fed feels queasy about unleashing the avalanche of money that far into the the election campaign, ECB has excuses like Portugal, Spain and Italy to unleash its own avalanche. But it is all speculation, and not a done deal.

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