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World Stock Markets Trading Discussion - Dismal diversions


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w?s=%5EAORD&lang=en-AU&region=AU

 

 

Not too much in the way of recovery today.  All Ords finished -1.5% with Gold +0.9% remaining the only up sector.   Consumer Staples brought up the rear, -3.3%.

Over in Asia, China -0.5%, Hong Kong -1%, Japan +0.2%, India currently -0.8%.
 

 

On to UK/Europe:

 

 

t?s=%5EFTSE&lang=en-AU&region=AU&width=3

 

t?s=%5EGDAXI&lang=en-AU&region=AU&width=

 

t?s=%5EFCHI&lang=en-AU&region=AU&width=3

https://au.finance.yahoo.com/

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Fast Facts
FAST FACTSPOSTS BY LEE ADLER Key Industrial Indicators Say US Is Still In Long Term Depression by Lee Adler •  October 26, 2016

Last week we reviewed the US industrial production (IP) and saw that it contracting for more than a year. The IP indexes represent the production of factories, mines, and utilities in unit volume, not dollar sales, both by total output and output by industry. While these indexes do not represent service industries directly, they do indirectly because electric power production and distribution feeds service…

 

Wall Street Examiner Exclusives
POSTS BY LEE ADLER Single Family Housing Still Deep in the Dumpster by Lee Adler •  October 25, 2016

The Wall Street Journal claimed in its PR release on housing starts last week that single family starts rose 8.1% in September to 783,000. This…

 

FAST FACTSPOSTS BY LEE ADLER Wall Street Journal’s Housing Reporting Is Not News Reporting- It’s Marketing by Lee Adler •  October 21, 2016

First let’s go to the slant. The Wall Street Journal spun the tall tale that “U.S. Existing-Home Sales Rebounded in September.” The Journal also claimed that the “Rise…

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LATEST NEWS AND OPINION FAST FACTSPOSTS BY LEE ADLER Key Industrial Indicators Say US Is Still In Long Term Depression by Lee Adler •  October 26, 2016

Last week we reviewed the US industrial production (IP) and saw that it contracting for more than a year. The IP indexes represent the production of factories,…

 

MUST READ The Great Wall Street/Washington Con Job: Part 3 of The Recovery Which Never Happened by David Stockman •  October 26, 2016

We return to the mystery of 0.3% per capita real GDP growth per year since the pre-crisis peak in Q4 2007 compared to 2.5% per capita growth during the golden era of 1870-1913. The “mystery” part of it, of course, is what we are fobbing upon our Keynes…

 

MUST READ Earnings Magic Exposed by 720global •  October 26, 2016

Following the end of each fiscal quarter, SEC registered corporations release their financial statements. Typically, investors and the media place a lot of importance on these results. Consequently, stock prices tend to rise or fall based on how the financial …

 

MUST READ Global Equity Markets See Pressure From Downbeat U.S. Earnings Data, Lower Oil Prices by Jim Wyckoff •  October 26, 2016

World stock markets were mostly lower Wednesday, following some downbeat U.S. corporate earnings news, including from Apple, and as crude oil prices are slumping this week. There were also some weak consumer confidence reports coming out of the European Union Wednesday.

 

MUST READ This Ratings Agency’s Fall Could Be Hugely Profitable by Shah Gilani •  October 26, 2016

I was excited to get news on Friday that the U.S. Department of Justice was breathing down the neck of ratings agency Moody’s Corp. The two parties are “negotiating” over allegations of fraud relating to mortgage bonds that Moody’s rated AAA from 2004 to 2007. As we all know, the bonds (and their sterling ratings) turned out to be beer-battered, deep-fried garbage in most cases.

Moody’s shares had been coasting along near a 52-week high of $110, but they gapped down to $102.60 on the news and haven’t come back since.

They’re not likely to, either.

I’m thinking Moody’s has a ways to go before it gets out of these woods, meaning its stock could sink a lot lower.

We’ll all get the chance to make some money on this lemon, but first let me answer some burning questions about this company that I don’t see anyone else asking, like why Loretta Lynch and the Justice Department picked now, of all times, to turn up at Moody’s front door.

 

MUST READ Don’t Diss the Dark Ages by Charles Hugh Smith •  October 26, 2016

Much was lost when the Western Roman Empire collapsed, but islands of literacy, learning and security arose despite the constant conflicts and threats of invasion.Once dissed as The Dark Ages, the Medieval Era is more properly viewed as a successful ad…

 

MUST READ How Central Banks Made Sovereign Debt Longer In Maturity (And More Risky) by RabidRabbit •  October 25, 2016

One thing we know about Central Bank monetary policy: they did lots of it (zero interest rate policy and quantitative easing or QE). The Federal Reserve is an excellent example. If we look at the duration (weighted average life) of global sovereign debt, we can see the duration declining from 1997 through 2008, then rising […]b.gif?host=anthonybsanders.wordpress.com

 

MUST READ Nomi Prins: Deutsche Bank in the Dumps by Craig Wilson •  October 25, 2016

Nomi Prins, former Wall Street banker, gives an exclusive RT interview discussing the latest fall out from Deutsche Bank. Here’s her take on breaking up the big banks and more…

 

MUST READ Speaking Of 2006, A Tsunami Of HELOCs Are Coming Due In (Welcome to HEL(locs)!) by RabidRabbit •  October 25, 2016

2006 is notable in American history as the peak of the home price bubble. We are finally back to the peak of the housing bubble as of August 2016 (according to the S&P/CoreLogic/Case-Shiller 20 Metro Home Price Index). 2006 is also notable because a large number of Home Equity Lines of Credit (HELOCs) were originated […]

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