IDS World Markets Fri 11th September 09

[aussiebear]

 

 

Sign in Chengdu, China.

[aussiebear]

 

 

 

 

 

 

 

 

 

http://finance.yahoo.com/intlindices

[aussiebear]

 

 

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

 

 

 

 

 

 

 

http://www.kitco.com

 

 

 

http://www.kitconet.com/webcharts/base_metals.html

 

Energy futures

[aussiebear]

 

 

Up but meagre gains so far. All Ords +0.4%, Gold has bounced back, +1.3%, REITS +0.8% and Financials, Telecomms and Utilities all +0.7%. IT is the only loser, -0.3%.

[aussiebear]

 

 

A typical Fri, fairly quiet with not too many putting on new positions. All Ords finished +0.5% with Gold +1.4%, Telecomms +1.3% and Financials +0.9%. IT stayed solidly down, -2.4% and was joined by Consumer Discretionary -0.2%.

 

Over in Asia, China +1.7%, Honkers +0.8%, India +0.5% and Nikkers -0.7%.

 

 

On to UK/Europe:

 

Footsie

 

 

 

DAX

 

 

 

CAC 40

 

[aussiebear]

Japan’s Economy Grows at 2.3% Pace, Less Than First Estimated

 

Sept. 11 (Bloomberg) -- Japan’s economy unexpectedly grew less than initially estimated in the second quarter as companies cut spending and stockpiles fell.

 

Gross domestic product expanded at an annual 2.3 percent pace in the three months ended June 30, slower than the 3.7 percent reported last month, the Cabinet Office said today in Tokyo. Economists surveyed by Bloomberg News forecast the figure to be unchanged from the preliminary estimate.

[aussiebear]

China Recovery Quickens as Production, Lending Climb

 

Sept. 11 (Bloomberg) -- China’s industrial production rose at a faster pace than forecast in August and new lending unexpectedly climbed, indicating growth in the world’s third- biggest economy is likely to accelerate.

 

Output at the nation’s factories gained 12.3 percent from a year earlier, the most since August 2008, the statistics bureau said in Beijing today. Local-currency new loans were 410.4 billion yuan ($60 billion), up from 355.9 billion yuan in July, the central bank reported.

[aussiebear]

Dubai House Prices Plunge 47% as Speculators Flee

 

Sept. 10 (Bloomberg) -- House prices in Dubai plummeted 47 percent in the second quarter from a year earlier, the steepest drop of any market, according to Knight Frank LLC, as speculators left the Persian Gulf business hub.

 

On a quarterly basis, prices in the sheikhdom fell 7.5 percent, less than the 41 percent decline three months earlier, the London-based property broker said in an e-mailed statement today. Dubai’s annual drop accelerated from a 32 percent fall in the first quarter.

 

Dubai property values erased most of last year’s 59 percent gain in the first half as the market caught up with declines elsewhere in the global housing slump triggered by the financial crisis. Prices had ballooned in a debt-fueled construction boom as the sheikhdom transforms itself into a regional center for financial services and tourism.

[swordfish]

The gains are “strictly a monetary phenomenon,” Greenspan said today at an

investment conference in New York. Rising prices of precious metals and other

commodities are “an indication of a very early stage of an endeavor to move

away from paper currencies,” he said.

http://www.bloomberg.com/apps/news?pid=206...id=acrGvxBXPDfk

[Goldmember]

Footsie 5000. Doff your party hats...and no sex please, we're British.

 

I love big round [and apparently odd] numbers.

 

Sell today...beat the rush.

[Rationalize]

Instrument question for resident intra-day experts...

 

What's the deal with options on futures?

 

In saying "what's the deal" I mean, anything in particluar to watch out for? -- other than leveraged leverage.

[Goldmember]

I think they would be good for swing for the fence big turns of the more major cycle durations, but only as long calls or long puts with a fixed amount of money that could possibly be lost on the trade and not noticeably missed. The potential for the winners would of course be huge.

[swordfish]

October should start a season when oil lose ground. Oil should drop to 31$ till the end of Dec or Spring. This is based on history. will see.

[Rationalize]

I think they would be good for swing for the fence big turns of the more major cycle durations, but only as long calls or long puts with a fixed amount of money that could possibly be lost on the trade and not noticeably missed. The potential for the winners would of course be huge.

Thinking more along the lines of margin and delta trade off.

 

Seems aSS though buying two ATM contracts, with a delta of about 0.50 each will require about $1,500 doolars down, to get the same exposure as 1 of the futes, with about 5,000 down... Wider spread though. Butt less most-worst case.

 

Will have to check this... May have missed a multiplier somewhere.

[Lemur]

Good podcast yesterday. Gota believe this market will rollover soon. Problem is catching the turn is so difficult.

 

My one large short position is giving me a lot of heat right now. I scaled into it. Might start scaling out soon if the Nasdaq refuses to come down out of that over bought condition.