aussiebear Posted March 21, 2012 Report Posted March 21, 2012 An inauspicious start for early openers: Kiwis -0.1%, Aussies -0.5%, Nikkers -0.4% and Sth Korea -0.8%. Miners -1.5%, Materials -1.3% and Gold -1.2% are the chief downers in Aussie sectors with REITS and Utilities, both +0.2%, the only greens.
aussiebear Posted March 21, 2012 Author Report Posted March 21, 2012 http://finance.yahoo.com/intlindices?e=asia
aussiebear Posted March 21, 2012 Author Report Posted March 21, 2012 http://money.cnn.com...s/morning_call/ http://www.kitco.com http://www.kitconet....ase_metals.html http://finance.yahoo.com/
aussiebear Posted March 21, 2012 Author Report Posted March 21, 2012 A uniformly despondent, low volume day: All Ords closed -0.4% with little change from the am post. Most sectors finished down led by Gold -1.5%, Miners -1.1% and Materials -1%. Asia in a similar mood: China -0.5%, Honkers -0.3%, India +0.1% and Nikkers -0.5%. On to UK/Europe:
rdkyote Posted March 21, 2012 Report Posted March 21, 2012 You want to short that? Be my guest. You're plotting it on a log scale. Do we think the stock that has a market cap already as large as the entire retail sector is going to double again to become 2 retail sectors? Maybe, but that's a lot of icrap.
Jetlag Posted March 21, 2012 Report Posted March 21, 2012 You're plotting it on a log scale. Do we think the stock that has a market cap already as large as the entire retail sector is going to double again to become 2 retail sectors? Maybe, but that's a lot of icrap. You are probably right, but you'll also probably be squeezed out of your short by apple fan boys before you're profitable. Irrational exuberance and cult stocks go hand in hand.
rdkyote Posted March 21, 2012 Report Posted March 21, 2012 The Board of Trustees of the Direxion Funds (the “Trust”), based upon the recommendation of Rafferty Asset Management, LLC (“Rafferty”), the Trust’s adviser, for the Direxion Monthly NASDAQ-100® Bear 2X Fund, the Direxion Monthly Emerging Market Bear 2X Fund, the Direxion Monthly Dollar Bull 2X Fund and the Direxion Monthly Dollar Bear 2X Fund (each a “Fund” and collectively, the “Funds”), has determined to close the Funds. Due to the Funds’ inability to maintain a competitive operating structure, hindering their ability to retain sufficient assets to operate efficiently, Rafferty believes that the Funds cannot continue to conduct their business and operations in an economically efficient manner. As such, the Board concluded that it would be in the best interests of each Fund and its shareholders to liquidate and terminate the Funds. As of the close of regular trading on the New York Stock Exchange on March 15, 2012 (“Closing Date”), the Funds will be closed to purchase by investors and shareholders will not be permitted to purchase additional shares of the Funds (except purchases made through reinvestment of dividends, if any). Shareholders may sell their holdings in the Funds prior to the Closing Date and customary brokerage charges may apply to these transactions. Between the Closing Date and March 30, 2012 (the “Liquidation Date”), the Funds will be in the process of closing down and liquidating their portfolios. This process will result in the Funds not tracking their underlying indexes and their cash holdings increasing, which may not be consistent with the Funds’ investment objectives and strategies. Each Fund will no longer pursue its stated investment objectives after March 23, 2012 and each Fund may no longer pursue its investment objective if its net assets fall below $2 million at any time prior to March 23, 2012. http://direxionfunds.com/funds/nasdaq_bear.html
alceringa Posted March 21, 2012 Report Posted March 21, 2012 Interlude- Earl and the usual suspects do the Breakdown http://www.youtube.com/watch?v=rkl5Fg33d8o&feature=related
Trader Joe Posted March 21, 2012 Report Posted March 21, 2012 10 steps forward 1 step back OOOO-FAAAA
I_Am_Madness Posted March 21, 2012 Report Posted March 21, 2012 Might be a gap up and go on the miners. Yesterday entry at 48.80 looking real good. Trade safe.
DrStool Posted March 21, 2012 Report Posted March 21, 2012 Short Term Buy Signal In Gold Stock ETF Could Lead to Intermediate Turn Signal
DrStool Posted March 21, 2012 Report Posted March 21, 2012 I have called the up move in the market correctly for many months. I've been one of the few. For that I have been rewarded with the loss of 15% of my subscriber base. What a great business this is. Whoever said that life isn't fair certainly had a point. I feel like quitting, but I can't and I won't. Hopefully, the market will break soon and people will come running. Really, this is ridiculous.
DrStool Posted March 21, 2012 Report Posted March 21, 2012 SPX just dinged 2 day cycle projection of 1408.50.
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