aussiebear Posted May 10, 2012 Report Posted May 10, 2012 Early openers jumpy: Kiwis +0.4%, Aussies +0.1%, Nikkers -0.5% and Sth Korea -0.6%. In Aussie sectors, Gold +3.1%, Energy +1.4% and Miners/Materials +1.3%.
aussiebear Posted May 10, 2012 Author Report Posted May 10, 2012 http://finance.yahoo.com/intlindices?e=asia
aussiebear Posted May 10, 2012 Author Report Posted May 10, 2012 http://money.cnn.com...s/morning_call/ http://www.kitco.com http://www.kitconet....ase_metals.html http://finance.yahoo.com/
aussiebear Posted May 10, 2012 Author Report Posted May 10, 2012 A burst of buying into close left All Ords +0.5% for the day. Gold +4.2% was a major player along with Miners +1.9% and Materials +1.7%. REITS was down the most, -0.8%. Asia off the lows: China +0.3%, Honkers -0.9%, India +0.9% and Nikkers -0.4%. On to UK/Europe:
aussiebear Posted May 10, 2012 Author Report Posted May 10, 2012 Merkel says "growth on credit" would deepen crisis BERLIN (Reuters) - Chancellor Angela Merkel rejected calls from her centre-left opponents in Germany and Europe for economic stimulus policies that rely on new debt, warning parliament on Thursday that "growth on credit" would just tip Europe deeper into crisis. Inflation-wary Bank of England to halt money-printing press LONDON (Reuters) - The Bank of England looks set to call a halt to its asset-buying program on Thursday, despite the economy having slipped into recession and renewed risks rising from the euro zone debt crisis, as UK inflation remains stubbornly high.
Jetlag Posted May 10, 2012 Report Posted May 10, 2012 AAII Bullz stampede out of stocks http://www.aaii.com/sentimentsurvey/sent_results Bullz down 10 prct points. Bears out of the woodwork to mark this year's highest level, so far. Bullz/Neutered/Bears May 10: 25.40% 32.54% 42.06% Nappy Alienated Investing fun Manglers results will be out later today: http://naaim.org/
Jetlag Posted May 10, 2012 Report Posted May 10, 2012 Merkel says "growth on credit" would deepen crisis BERLIN (Reuters) - Chancellor Angela Merkel rejected calls from her centre-left opponents in Germany and Europe for economic stimulus policies that rely on new debt, warning parliament on Thursday that "growth on credit" would just tip Europe deeper into crisis. Inflation-wary Bank of England to halt money-printing press LONDON (Reuters) - The Bank of England looks set to call a halt to its asset-buying program on Thursday, despite the economy having slipped into recession and renewed risks rising from the euro zone debt crisis, as UK inflation remains stubbornly high. Emergency Nationalization of some sort of local gubermint sponsored bad banks called "Cajas" in sPAIN to stem bank run: "Spain said it would take over Bankia (BKIA) SA and prepared to inject public funds into the banking group with the most Spanish real estate as part of government efforts to bolster confidence in the country’s lenders. " http://www.bloomberg.com/news/2012-05-09/spain-takes-over-bankia-readies-second-bailout-after-rato-quits.html Their HQ doesn't try to hide the bank's shaky nature: A falling tower with a bear peaking on top grappling on the thing. Timber!! can you make it more obvious? Gloomberg's photographer even managed to catch a car made by a recently bankrupt company right in the middle, like putting a cherry on top.
K Wave Rider Posted May 10, 2012 Report Posted May 10, 2012 So far, looks like classic bearish pop n drop... now we see if they can complete da finga on Trannies and get them runnin' downside...
I_Am_Madness Posted May 10, 2012 Report Posted May 10, 2012 Tech doing good? See earnings in CSCO, IBM, INTC... Sell any tech rally continues to be a good play. Currently flat and waiting for GDX to come back to test some support areas.
Dopamine Posted May 10, 2012 Report Posted May 10, 2012 I thought we are giong to have a week long relatively weak rally but this is looking pathetic.
DrStool Posted May 10, 2012 Report Posted May 10, 2012 Wall Street Examiner Exclusives OK To Be Bearish But Timing Is Everything0 Comments Study Says Couples Will Pay $240,000 To Buy Medical Service in US After Age 65- It's Disgusting0 Comments The Mother of All Hooks2 Comments Are Apple Bagholders Gluttons For Punishment - New York Tomes0 Comments Not Much Jolt in JOLTS0 Comments Unlike The Fed, Which Just Finances Manipulation, BoJ buys stocks outright0 Comments Read 'em and weep. RSS Feed Read more Latest Headlines Goldman loses to Bank of America in the least Q1 trading days with a loss Florida Supreme Court could slam banks in foreclosure case Bernanke Gets 75% Approval From Investors for running the last Ponzi Game still standing Greeks May Hold $510 Billion Trump Card in Renegotiation – Bloomberg Treasury announces 9-Year 8-Month TIPS Treasury announces 26-Week Bill Treasury announces 13-Week Bill Germans considering accepting higher inflation? Greek unemployment hits record | Reuters Euro zone split as Germany dynamic, France weak: OECD | Reuters Simon Johnson: Breaking Up Four Big Banks – NYTimes.com China’s Exporting Cold Water – Overheard – WSJ How a Radical Greek Rescue Plan Fell Short – WSJ.com Jobless Claims in U.S. Dropped 1000 Last Week to 367000 – San Francisco Chronicle Mortgage rates fall to new lows again – USA TODAY Bernanke: US Banking System Getting Healthier – Fox Business FOREX-Euro bounces from multi-month lows as fears abate – Reuters FOREX-Euro bounces from multi-month lows as fears abate – Reuters US STOCKS-Wall St rebounds, but Cisco weighs – Reuters Import Prices Fall, Export Prices Rise
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