[aussiebear]

Taken from the side of a rice cooker

[aussiebear]

http://finance.yahoo.com/intlindices

[aussiebear]

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










http://www.kitco.com




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

Energy futures

[aussiebear]

All bright-eyed and bushy-tailed today. All Ords on the rise, +1.2% led by IT +2.9%, Financials +2.4% and Energy +1.8%. There's only a couple of reds, Telecomms -1% and Gold -0.4%.

[DrStool]

Market Update- Professional Edition

by Lee Adler, Wednesday, August 12, 2009, in Professional Edition, Today's Markets | Permalink |Comments (0) Edit Cycle based stock screening data was mixed on Wednesday. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.

[aussiebear]

Whoa, Nellie! All Ords screamed up to close +2.1%. Biggest gainers were Financials +3.8%, IT +3% and Energy +2.8%. There were three reds, Telecomms -1.1%, REITS -0.6% and Gold -0.1%.

Asia bouncing back from yesterday: China +0.7%, Honkers +2%, India +2.3% and Nikkers +0.8%.


Over to UK/Europe:

Footsie




DAX




CAC 40

[aussiebear]

India to Cut Corporate Tax Rates, Broaden Base to Raise Revenue

Aug. 13 (Bloomberg) -- India’s government proposed reducing corporate tax rates to a record low while broadening the tax base to fund an expanding budget deficit in the biggest change to tax laws in almost five decades.

Finance Minister Pranab Mukherjee proposes to lower tax rates for companies including Reliance Industries Ltd., the nation’s biggest by market value, to 25 percent from about 30 percent, according to a statement in New Delhi. Taxes on equities trading in Asia’s second-biggest emerging market may be abolished.

Mukherjee would pay for that by reining in widespread tax evasion that leaves the government reliant on only 27 million people who pay taxes out of a population of 1.2 billion, the world’s second-largest. Better compliance would also raise more revenue to help plug a budget deficit that is expected to widen to a 16-year high of 6.8 percent of gross domestic product in the current year.

[Goldmember]

aussiebear, on Aug 12 2009, 10:41 PM, said:

India to Cut Corporate Tax Rates, Broaden Base to Raise Revenue

Aug. 13 (Bloomberg) -- India’s government proposed reducing corporate tax rates to a record low while broadening the tax base to fund an expanding budget deficit in the biggest change to tax laws in almost five decades.

Finance Minister Pranab Mukherjee proposes to lower tax rates for companies including Reliance Industries Ltd., the nation’s biggest by market value, to 25 percent from about 30 percent, according to a statement in New Delhi. Taxes on equities trading in Asia’s second-biggest emerging market may be abolished.

Mukherjee would pay for that by reining in widespread tax evasion that leaves the government reliant on only 27 million people who pay taxes out of a population of 1.2 billion, the world’s second-largest. Better compliance would also raise more revenue to help plug a budget deficit that is expected to widen to a 16-year high of 6.8 percent of gross domestic product in the current year.

Outbreak of BSE [Bovine Spongiform Enciphelytis...aka bullphoria] to 21,000?

after all...aren't cows sacred there?

Attached image(s)

• 

[swordfish]

Suprise suprise, German and France GDP in Q2 up 0,3% q/q, versus consensus -0,3% q/q

[swordfish]

German, French Economies Unexpectedly Grew in Second Quarter

Aug. 13 (Bloomberg) -- The German and French economies unexpectedly grew in the second quarter, bringing an end to their worst recessions since World War II.

Gross domestic product rose a seasonally adjusted 0.3 percent from the first quarter, Germany’s Federal Statistics Office in Wiesbaden said today. The French economy also expanded 0.3 percent, Finance Minister Christine Lagarde said. Economists predicted contractions of 0.3 percent in Germany and a 0.2 percent in France, Bloomberg News surveys showed. The euro climbed half a cent to $1.4262.
http://www.bloomberg...id=a6ouAa.Gi2zY

[swordfish]

Slovakia GBP Q2 -5.3% y/y (consensus -6% y/y); Hungary GDP Q2 -7.6% y/y (consensus -7.1%)

[Jetlag]

Bullishness begets bullishness

Are you BULLISH?
AAII members are:
(as of 8/12/2009)
Bullish: 51.00%
Neutral: 16.00%
Bearish: 33.00%

This should be interesting.

Last week's for reference:

"Most bullish survey since.... a long time


AAII Sentiment Survey Are you BULLISH?
AAII members are:
(as of 8/5/2009)
Bullish: 50.00%
Neutral: 14.84%
Bearish: 35.16%

Maybe someone here with the full data series could very that.

But bears have actually increased since last week, at the expense of neutereds. "

http://www.capitalst...p...st&p=757135

[swordfish]

suprise suprise
Eurozone: GDP Q2 -0.1% q/q (consensu -0.6%)

And Im sitting on cash like Hitler hahahhahah got to change that today

[Jetlag]

Contrary to the underground capitalist right wing propaganda Central Planning's Monies Commissar declares no rush to stop intervening in the economy

" Federal Reserve policy makers signaled they will avoid any rush to end their unprecedented efforts to promote lending as they seek to strengthen the economic recovery that economists say is now under way.

The Fed’s Open Market Committee extended by a month the scheduled end to a $300 billion program to buy U.S. Treasuries, aiming for a “smooth transition in markets.” Officials in their statement yesterday retained a pledge to keep interest rates near a record low for an “extended period” even as they judged that the economy is “leveling out.” "

http://www.bloomberg...id=ae.3n4bOsQYc

"The statement suggests Chairman Ben S. Bernanke and his colleagues will stretch into 2010 their bigger initiative to buy as much as $1.45 trillion of housing debt, currently due to end this year. Officials may as soon as today postpone the December expiration of their initiative to restart the market for asset- backed securities, analysts said. "



To which he added: "Hey it's my job to intervene!"


Zimbabwe's Central Planning's Monies Commissar hailed the measures taken by his US homologous, only regretting not being able to create electronic money like in developed countries.

[Jetlag]

swordfish, on Aug 13 2009, 04:07 AM, said:

And Im sitting on cash like Hitler hahahhahah got to change that today

I wonder if he's still on the sidelines !