aussiebear Posted March 4, 2008 Report Share Posted March 4, 2008 http://finance.yahoo.com/intlindices Link to comment Share on other sites More sharing options...
aussiebear Posted March 4, 2008 Author Report Share Posted March 4, 2008 http://money.cnn.com/markets/morning_call/ http://www.kitco.com Energy futures Currencies/Au/Ag Link to comment Share on other sites More sharing options...
aussiebear Posted March 5, 2008 Author Report Share Posted March 5, 2008 Upwardly mobile today on reasonable volume. All Ords +1.1% with most sectors green. Financials doing (probably) a dead cat, +2.1% followed by Mining and Materials, both +1.9%. There's a sprinkling of reds with Energy down the most, -0.9%. The big miners moving strongly, BHP +2.5% and RIO +2.6%. Golds are relatively stable considering the pullback in the gold price: Newcrest +0.5%, Newmont -3.2% and Lihir -1.2%. Juniors up. Oils all down: Woodside -1.3%, Santos -2.7% and Caltex -0.8%. Link to comment Share on other sites More sharing options...
aussiebear Posted March 5, 2008 Author Report Share Posted March 5, 2008 Australia's Economy Grows at Slowest Pace in a Year March 5 (Bloomberg) -- Australia's economy grew at the slowest pace in more than a year in the fourth quarter as construction declined and bottlenecks at ports cut exports. Gross domestic product rose 0.6 percent from the third quarter, when it increased a revised 1.1 percent, the Bureau of Statistics said in Sydney today. The gain matched the median estimate of 24 economists surveyed by Bloomberg News. The economy grew 3.9 percent from a year earlier. Link to comment Share on other sites More sharing options...
aussiebear Posted March 5, 2008 Author Report Share Posted March 5, 2008 Bank of China Says It's Reduced Subprime Investments March 5 (Bloomberg) -- Bank of China Ltd., the nation's third biggest, has reduced its holdings of securities tied to U.S. subprime mortgages, Chairman Xiao Gang said today. The Beijing-based bank still holds subprime mortgage-backed debt, after selling some of its investments, Xiao said in the Chinese capital, where he is attending parliamentary meetings. Bank of China will pursue a ``tight'' lending policy, he said. Bank of China's stock has fallen 35.5 percent since Oct. 30, when it posted profit growth that was slower than rivals due to losses on $7.95 billion of subprime-related investments. Link to comment Share on other sites More sharing options...
aussiebear Posted March 5, 2008 Author Report Share Posted March 5, 2008 Japan Capital Spending Falls 7.3%; GDP May Be Lowered March 5 (Bloomberg) -- Japanese business investment fell at the fastest pace in five years last quarter, signaling the government will trim its economic growth estimate next week. Capital spending excluding software slid 7.3 percent in the three months ended Dec. 31 from a year earlier, the Ministry of Finance said today in Tokyo. The government will use today's report to revise its estimate of gross domestic product March 12. Preliminary fourth-quarter GDP grew an annualized 3.7 percent. Link to comment Share on other sites More sharing options...
aussiebear Posted March 5, 2008 Author Report Share Posted March 5, 2008 U.K. Nationwide Consumer Confidence Falls to Lowest Since 2004 March 5 (Bloomberg) -- U.K. consumer confidence slipped to the lowest level in more than three years in February as higher food and energy costs sapped spending, Nationwide Building Society said. Nationwide's index fell three points to 78, the least since the survey began in May 2004. ------------------ Irish Housing Market Was Europe's Worst Performer Last Year March 5 (Bloomberg) -- Ireland's housing market was Europe's worst performer last year as rising borrowing costs ended a decade-long boom that saw average home prices quadruple, the Royal Institution of Chartered Surveyors said. Irish home prices slid 7 percent. Germany was the only other European country where values slid significantly, dropping 6 percent, the London-based organization of real estate professionals said in an e-mailed report, citing an annual survey of 21 European housing markets. Five of those countries experienced declines. -------------------- Northern Rock to Push U.K. Debt Above 40% of GDP, Official Says March 4 (Bloomberg) -- The nationalization of Northern Rock Plc will push U.K. government debt above 40 percent of gross domestic product for the first time since Prime Minister Gordon Brown set the ceiling a decade ago, a statistics official said. Net debt ``would be clearly over 40 percent'' of GDP when the liabilities of the stricken mortgage lender are included, Martin Kellaway, an adviser on public accounts at the Office for National Statistics, told lawmakers today. Confirmation that the government will break the ``sustainable investment rule'' imposed by Brown in 1997 when he was chancellor of the exchequer may fuel opposition claims his government is losing its grip over the public finances. Brown and his successor, Alistair Darling, took Northern Rock into public ownership last month after a search for a private buyer ended in failure. Link to comment Share on other sites More sharing options...
aussiebear Posted March 5, 2008 Author Report Share Posted March 5, 2008 Well, so much for the bounce... All Ords closed -0.1%, pretty much a round-trip day. Utilities ended up down the most, -3.2% followed by IT -2.4%. Consumer Staples was at the other end, +1.9% and Healthcare was next, +1.4%. Miners dropped back a touch although both RIO and BHP closed with a 1% gain. In the golds, Newcrest +0.1%, Newmont -3.2% and Lihir -2.1%. Juniors mixed. Oilwise, Caltex did another hefty dive, -7%, Woodside -0.1% and Santos -2.7%. Asia tended towards the red: China -2%, Honkers -0.6% and Nikkers -0.2%. Over to UK/Europe: http://finance.yahoo.com/intlindices?e=europe Link to comment Share on other sites More sharing options...
aussiebear Posted March 5, 2008 Author Report Share Posted March 5, 2008 Caltex rolling over in a big way: http://au.finance.yahoo.com/q/bc?s=CTX.AX&...l=on&z=m&q=l&c= Link to comment Share on other sites More sharing options...
cbear Posted March 5, 2008 Report Share Posted March 5, 2008 A positive divergence on the 60-minute SPI200 plus a kiss-of-life on the MACD keep the bullish hopes alive for a decent bounce Thursday & Friday. Link to comment Share on other sites More sharing options...
cbear Posted March 5, 2008 Report Share Posted March 5, 2008 Of course the bullish hopes on the 60-minute chart above has to be kept in perspective of the DAILY chart where the MACD has just crossed over to the downside, BELOW THE ZERO LINE. Will be using the Expired Feline Rebound to reload shorts for another fun-filled bear adventure (next week?) Link to comment Share on other sites More sharing options...
roxy Posted March 5, 2008 Report Share Posted March 5, 2008 Junk bonds (nice leading indicator to stocks) since 1990. How far to go from here? Link to comment Share on other sites More sharing options...
roxy Posted March 5, 2008 Report Share Posted March 5, 2008 Junk bonds (nice leading indicator to stocks) since 1990. How far to go from here? 648804[/snapback] Same chart zoomed. Junk bonds are very close to signal the next leg down, or at least it's what I see. But they need to go to 6. Link to comment Share on other sites More sharing options...
roxy Posted March 5, 2008 Report Share Posted March 5, 2008 Bullish percent index taking speed down, but nothing special yet. So is McClellan. Link to comment Share on other sites More sharing options...
DrStool Posted March 5, 2008 Report Share Posted March 5, 2008 A lot of charts look like the one above. A decent up day or two would turn the MACD back to the buy side. I'm nervous. Hopefully, I am a fade, as usual. Link to comment Share on other sites More sharing options...
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