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World Stock Markets Trading Discussion - Wanton walloping


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Posted

Early openers taking a hit: Kiwis -0.7%, Aussies -1.9%, Nikkers -1.3% and Sth Korea -1.5%.

In Aussie sectors, resources are into the abyss: Gold -4.3%, Miners -3.2%, Materials -3%.  IT +1% and Healthcare +0.5% are the only greens.
 

 

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Posted

 

Hard to say. Yields are probably going higher, but I have no idea how high or when the next big move will be. Short term rates, I have no clue when they'll go up.  I expect a monumental crash at some point but its form and what it will hit and how, I don't know. Yields could go higher then crash. Or go higher then explode. I just don't know. 

 

As I said in my interview the other day, which I hope will make the final cut in the documentary, I don't make predictions. I try to identify early on when trends are changing. The bond market trend changed a year ago and the trend of yields is up until something happens to signal that it's not. I would not want to be long fixed income and I would not want to be gambling on a rate lock if I had applied for a mortgage.

 

 

 

thanks, doc. even though you don't make predictions, your crystal balls are more pendulous than mine.  :lol:

Posted

I'm road testing a new home grown trading system and had a stack of go long signals on last night's charts.  Maybe I've got a crash-hot-buy-the-dip strategy or maybe it's back to the drawing board.. :rolleyes:

Posted

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Unadulterated selling today with All Ords limping off the lows to close -2%.  Gold -4.1% was the biggest loser along with Miners -3.1% and Financials -2.6%.

A sea of red in Asia: China -2.8%, Honkers -2.9%, India -2.5% and Nikkers -1.7%.

 

 

On to UK/Europe:

 

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Posted

I'm road testing a new home grown trading system and had a stack of go long signals on last night's charts.  Maybe I've got a crash-hot-buy-the-dip strategy or maybe it's back to the drawing board.. :rolleyes:

 

It always look bright when things are going up, year ending with 4 has not been good for stocks, check it out..IMHO

 

Deflation is coming. IMHO

 

Japan Kamikaze pilot with huge QE has done nothing for N225, it's all about market perception if the major players are on the wrong side they have to liquidate with that liquidity will evaporate like water

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Posted
Bric countries will be in trouble real soon

http://www.businessinsider.com/pboc-tough-stance-amid-liquidity-squeeze-2013-6

 

The Mechanism That Holds Chinese Banks Together Is Falling Apart

China's seven day repo rose to a record high of 10.77% in Shanghai, the highest since March 2003, according to Bloomberg*.

 

Meanwhile, the one-day rate hit a record 12.85%. And Zerohedge reported that overnight repo hit 25%.

The liquidity squeeze in China first began ahead of the Dragon Boat festival earlier this month. Spikes in interbank rates are common right before holidays. 

 

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