Animated attrition

[aussiebear]

Early openers in the red: Kiwis -0.2%, Aussies -0.6% and Sth Korea -0.5%.

 

In Aussie sectors Gold -2.2%, Energy -1.9% and Miners -1.2%.

 

 

 

 

[aussiebear]

Closed

 

 

 

 

 

 

 

http://finance.yahoo.com/intlindices?e=asia

[aussiebear]

http://money.cnn.com...s/morning_call/

 

 

 

 

 

 

 

http://www.kitco.com

 

 

 

http://www.kitconet....ase_metals.html

 

 

http://finance.yahoo.com/

[aussiebear]

 

 

Four Big Merits (as written in lower right): Artistic Reliable Is Practical. The All Steelfoot Rest Spurts Models. Four Altitude Mixture Controls, Entire Cotton and Kapow (?) Cotton Print

[aussiebear]

 

 

Ah, the "mesa formation" on the 5-day chart..

 

All Ords closed -0.8% led by Gold -3.1% and Energy -2.3% but most sectors were damaged to some extent. The most notable survivor was IT +1.1%.

 

Asia mostly languishing in the red: China +0.5%, Honkers -0.7%, India -1.3% and Singers -0.2%.

 

 

On to UK/Europe:

 

 

 

 

 

 

 

 

[Trader Joe]

"Da Numba"

 

Trader Joe guesses 137,000

[Trader Joe]

If you don't know about, or understand, tri-party repo...

 

...and you think that money market funds are 100% safe

 

Then you are a douche

 

Unfortunately, the dolts over at WSJ neglected to highlight that almost 100% of large corporations (well they did use the phrase "other cash rich institutions") also use TPR to invest their short-term cash balances each and every day -- and they invest their "longer term cash" in institutional money market funds

So when the IB's pledge securities (sorry WSJ, they don't hand anything over) as collateral -- does anyone think those securities might get "pledged" more than once....

 

 

Source: WSJ

[Trader Joe]

...and scene

 

 

BWHAHAHAHAHHAHA

 

NY Fed hitting "the button" like a crack baby

 

[Trader Joe]

I don't have a short position in KangarooLand

 

But maybe it's time

 

[alceringa]

I don't have a short position in KangarooLand

 

But maybe it's time

 

 

 

Maybe the AUD is a good short now, but if you already missed the move on EWA from +34 to Under 15 in the Naughties decade, YOU ARE A DOUCHE!

[alceringa]

Useful link

 

http://tinyurl.com/cyzxjv9

[K Wave Rider]

Bear starting to shred flesh of bully...

 

Carapple could be about to get real ugly if Wave 3 starts to kick in full force...

[bundys_dodge]

Another risk factor for ETFs-

 

From indexuniverse.eu and ft.com/alphaville-

 

“Anyone holding a securities portfolio can build themselves a shadow bank using the securities lending and repo markets,” Tucker pointed out. “One simply lends out the securities at call for cash, and then one employs that cash by making loans or buying credit-assets with a longer maturity. This is leverage and maturity mismatch.”

 

The risk therefore doesn’t lie so much with the counterparty you’re lending your securities to, but with how you invest the cash/bond collateral you receive in return. Actions which those funding you are not usually privy to.

 

Original article-

Shadow Banking Probe Encompasses Exchange-Traded Funds

 

FT alphaville commnentary-

ETFs, unregulated banks in disguise

[K Wave Rider]

I don't have a short position in KangarooLand

 

But maybe it's time

 

 

Perhaps Canada too..

 

Was checking out some neighborhoods in Toronto yesterday...one neighborhood just east of downtown, shacks in need of big time repairs going for over $1 million. And then there is the downtown condo crane count...wow! Don't know when it starts exactly, but it looks pretty close to 2005ish here.

[DrStool]

$spx 5 day cycle projection 1378