The bulls ripping into it today. All Ords +1.8% and Gold's back in the lead, +2.9% followed by IT, Financials and Miners, all +2.1%. Not a red sector in sight: REITS has the least gain, +0.7%.
Whoa, party time. The move looks a bit extreme though so the hangover may set in tomorrow. All Ords closed +2.3% with every sector catching a bid. Gold was leader, +3.9% followed by Telecomms +3.7% and Financials +3.2%. The tail end Charlies were Healthcare +0.9% and REITS +0.7%.
Asia is more subdued: China -0.9%, Honkers +1.8%, India +0.9% and Nikkers +0.5%.
Regular global salute goin' on...fingas all 'round.
Anthony caused pearls to be dissolved in wine to drink the health of Cleopatra; Sir Richard Whittington was as foolishly magnificent in an entertainment to King Henry V; and Sir Thomas Gresham drank a diamond, dissolved in wine, to the health of Queen Elizabeth, when she opened the Royal Exchange; but the breakfast of this roguish Dutchman was as splendid as either. He had an advantage, too, over his wasteful predecessors: their gems did not improve the taste or the wholesomeness of their wine, while his tulip was quite delicious with his red herring.here
if the gov't ever pulled its layered 1,000-lot and 500-lot S&P bids for even 30 seconds we'd drop 100 points immediately
looks like they won't allow it
they're determined to carry on with the show
even as the real economy continues to crumble
a ticking time youknowwhat, millions of desperate broke and busted citizens with no hope and nothing left to lose
the gov't has miscalculated, they destroyed the middle claSS too quickly
when they miscalculate their spoozer manip they just throw a few 2,500-lot and 5,000-lot bids in to bring it back
but there will be no way way to bring back their glory days once the revolution begins
their best of times will turn to worst of times overnight, when they're forced to deal with J6P face to face in the streets, bloodied and beaten, held individually and personally responsible for their crimes against the maSSes
Sept. 16 (Bloomberg) -- An Australian index of leading economic indicators rose in July as shares and dwelling approvals climbed.
The index, a gauge of future economic growth, gained 1.1 percent to 248.5 points from June, Westpac Banking Corp. and the Melbourne Institute said in Sydney today. The index shrank at an annualized rate of 1.8 percent in July after contracting 4.6 percent the previous month.
Sept. 15 (Bloomberg) -- A wooden swing hangs from a motorcycle chain on a porch in western India where Vilas Khoyani rocks her 7-month-old son, born eight days after her husband committed suicide. How they ended up in this two-room house starts with an unsold bag of diamond jewelry in Phoenix.
Gadi Giladi was visiting stores in Arizona on Sept. 15, 2008, the day Lehman Brothers Holdings Inc. filed for bankruptcy. The salesman was sent away by jewelers who stopped buying as they watched television news of the unfolding crisis that wiped out more than four years of diamond price gains.
What Giladi saw in Phoenix that day, diamond polisher Mahesh Khoyani wouldn’t feel for two months: an economic tsunami set off by Lehman’s collapse that drove down Christmas sales by more than 20 percent at U.S. jewelry counters, halved imports of uncut gems by traders in Antwerp, Belgium, who could no longer get credit, washed away the livelihoods of 400,000 diamond workers in India and shut mines in Botswana.
Sept. 16 (Bloomberg) -- U.K. unemployment jumped to the highest level since 1995 as the recession destroyed work in industries from banking to construction.
The number of people seeking jobs in the three months through July rose by 210,000 to 2.47 million, the Office for National Statistics said in London today. A separate measure showing claims for unemployment benefit climbed by 24,400 in August to 1.61 million. The median forecast of 28 economists in a Bloomberg News survey was for an increase of 25,000.