Closed









http://quote.yahoo.com/m2?u

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










http://www.kitco.com

Energy futures

A reasonably bullish day with All Ords, +0.8%, breaking out to new recent highs. Materials is today's leader, +2% followed by Energy, +1%. A few sectors have minor losses with IT down the most, -0.2%.

BHP and RIO are both powering north, up around 3%. The golds are mixed.

In the oils, Woodside +0.8% and Santos +0.4%.

An up day in Asia: Sth Korea +0.9%, Singers +0.7% and Nikkers +0.3%.

Mexican Inflation Jumps to 6-Year High in September

Oct. 9 (Bloomberg) -- Mexico's monthly inflation soared to its highest level in almost six years in September after hurricanes that pummeled the country's Pacific coast drove up the price of tomatoes and corn.

Consumer prices rose 1.01 percent last month, the biggest monthly increase since December 2000, after rising 0.51 percent in August, the central bank said.

``This increase was definitely higher than what anyone expected,'' said Eduardo Torres, an economist with the Mexican unit of Banco Bilbao Vizcaya Argentaria SA in Mexico City. ``This may just be a temporary rise, but the central bank will be in a stand-by mode until it confirms this is true.''

Singapore 3rd-Qtr GDP Expands Faster Than Expected

Oct. 10 (Bloomberg) -- Singapore's economy last quarter expanded at an unexpectedly faster pace than the previous three- month period as companies such as Chartered Semiconductor Manufacturing Ltd. shipped more electronics overseas.

Gross domestic product grew an annualized 6 percent last quarter, after expanding 3.4 percent the previous three months, the trade ministry said in a report today. That exceeds the median estimate for 1.9 percent growth in a Bloomberg News survey of 11 economists.

Demand for music players and mobile phones is fueling orders for component makers including Chartered, supporting growth in Asia's export-driven economies. Singapore's government, first in the region to report third-quarter figures, is counting on selling more electronics, as well as higher drug production, to achieve its economic growth forecast of as much as 7.5 percent this year.

-----------------

China to Curb Investment, Loan Growth, Ma Kai Says

Oct. 10 (Bloomberg) -- The Chinese government will take more measures to curb excessive growth in investment and loans and will seek to tackle other countries' widening trade deficit with China, said Ma Kai, the nation's top economic planner.

Measures are needed to avoid accelerated economic growth that might lead to overheating, Ma, minister of China's National Development and Reform Commission, said in a statement on its Web site. China's economy grew 11.3 percent in the second quarter, the fastest pace among the world's largest economies.

The government is stepping up efforts to cool a credit- fuelled investment boom after higher interest rates failed to slow growth in the second quarter. The World Bank in August said failure to curb investment could leave the world's fourth-largest economy with idle plants, falling profits and rising bad loans.

http://jessel.100megsfree3.com/BuyWriteIndex.png

FRom Jesse's crossroads
http://www.geocities.com/arthurcutten/jesse.html
I would like to hear any comments on his supposition of banks buying options.

More of the same this arvo... a pullback may be on the cards tomorrow. All Ords finished the day up a respectable 0.9%. Materials continued to lead, +2.3% and the lone red was Telecom, -0.5%.

BHP and RIO finished up more than 3%. The golds failed to join in with the exception of Newcrest, +2.8%.

Oils remained bipolar: Woodside -1.6% and Santos -0.5%.

Asia bouncing up happily...

Over to UK/Europe:







http://quote.yahoo.com/m2?u

Write Index divided by Cash For the Dow

Not sure if I buy the theory, but the chart is interesting. Notice that its approaching the May low again.

Could it mean the Dow is topping?

Ok, who's got the list of the smallcrap biowreck screamers?


Looks like they're launching.

I have HGSI. It is on fire. Overbought though.

I mentioned the options scenario this weekend with 0 comments.

Now some guy writes an article. It even includes Jim Jubak, the infamous message board man from the 90's who was the worst stock picker EVER as I watched real time. Ironically, he always had articles that seemed great and did a good job of selling his ideas.



Just look at RIMM. Runaway gap up. Buying call options made a fortune even if they were short the stock. Now with the profits from the expirations which they let expire getting a better tax rate(?). Then they will have a massive amount of cash and still short RIMM. What is next?
Reverse process when necessary.
After the commodity smashing it is catch up time.

Picking bottoms and tops is destructive in this environmnet.

Citigroup upgrades SYMC.

Rumours are going around that they were getting bored waiting for the gap fill. I bet it fills it and keeps going. JNPR, RIMM and ORCL probably have alot of people dreaming of a retrace.

So far, the only two comments on the podcast with Fleck
have been flames:

http://wallstreetexaminer.com/?itemid=3051#comments

What's wrong with us? Have we lost our nerve, our conviction, our eloquence? Or are we simply in hibernation? Seems Fleck is the only out there not afraid to tell the truth as he sees it.

This air of defeatism among bears suggests to me that maybe change is closer than you or I think.

Too many doom and Gloomer buying puts while markets grind higher with higher high and low just like $CPC. Someone has it all wrong.

If one is holding trillion Dollars would they dump it and loose money or would they support the scam with more worthless papers???

Is Santa coming to town??


$CPC chart update

Isn't there always another bubble to inflate?

How about casinos....the next bubble

I truely believe Fleck is right on. I am a bear and don't believe the bull$hit. I am sure many bears will say, how in the hell can you fight manipulation and win against a machine that can print as much money as they want. I find it interesting that the Federal Reserve (a private corporation) has never been audited.

ps you should add a crying smilie to the clickable smilies. Someday the bears will be right.

Tsu, Did you have any hot prospects in the casinos? Thanks

Is price between spx 1350 and 1375 close enough?

Nice site, Tanks

DJ Fed Accepts $9.75 Bln In 2-Day RPs

Type of transaction: 2-Day RPs
Total accepted: $9.75 Bln
Total submitted: $53.5 Bln

Agency Collateral Operation
Total accepted: $343 Mln
Total submitted: $10.15 Bln
Stop-Out Rate: 5.27%
Weighted Average: 5.27%
High-rate submitted: 5.27%
Low-rate submitted: 5.22%

Treasury Collateral Operation
Total accepted: $9.407 Bln
Total submitted: $34.85 Bln
Stop-Out Rate: 5.25%
Weighted Average: 5.25%
High-rate submitted: 5.25%
Low-rate submitted: 5.11%

Mortgage-Backed Collateral Operations
Total accepted: None
Total submitted: $8.5 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 5.27%
Low-rate submitted: 5.23%

DHI
Average selling price of single family home dropped by 10% yoy
# of orders dropped by 30% yoy

Which begs the question how low do they have to go to find buyers?

Naturally this is deemed to be bullish by 4%

No! Just a joke at desperations grip.

Nice way to start the day as a google short, see the stock scream up 10 pts in opening few minutes, scream all obsenities you know, forced to cover and then watch it fall 10 pts. All before 10:00AM

In regard to biodreck smallcraps, I've mentioned BIOM many times. It's up about 13% in the past few days. Big Doo Doo has mentioned HDVY here several times, and BPUR.

Doolar breaking out

Not good for the reflationists

nevertheless probably bullish

*DJ Fed's Fisher: Will Do More To Curb Inflation If Needed
*DJ Fed's Fisher: Current Rate Of Inflation Is Too High

DJ Fed Accepts $9.75 Bln In 2-Day RPs

isn't this faslse and misleading advertising????????????
what criminals

Housing index flying, up 1.86%. According to CNBS the bottom is in on housing market

had he said that inflation is under control, market would take off.

well, it seems like news only matter when they are positive for the market or worse yet, news can be bad but as long there is something positivein it even if it is minor.
Forget about the news and what they say. it seems to be worthless.

News is noise.

On what basis?

Massive add by the Fed. Gonna be interesting to see the size of the 4 week bill at the 11 AM announcement. Details and analysis in the WSE Fed Report coming up after the 13 and 26 week bill auction announcements at 1:00PM.

Try the WSE Pro risk free for thirty days. Click here for more information.

NEW! Unbundled subscription service packages starting from as low as $39! Subscribe NOW!

Greenspan said so yesterday.
Even that older babe from Crapvision did not look convinced.

The rate of increase in housing inventory is leveling off and JPM upgrade on housing stocks.

dmm, the IAI index is right where you said it would be, congrats, you mentioned you are looking for neg divergences. any time frame?

Looking at the l/t chart on HGX, pretty obvious support at the Jul low at 186ish. They supported it where they had to. Now it's moving up towards resistance. Could see a few pct more to 226-231 or as high as 238-248ish without really changing the general tenor of the chart.

The HGX was in decline for exactly one year (Jul05-Jul06), so it has a right to bounce for a while. But it's a little early to say that the homebubblers have made a l/t bottom. We'll know more in a year or if the HGX gets back above 250.

As to the first part-- False.

Hey, if the facts don't suit your case, no problem. Just lie.

Greenspan clearly off his rocker

Housing boom caused by commies
"I don't think that the boom came from a 1 per cent Fed funds rate or from the Fed's easing. It came from the collapse of the Berlin Wall," Mr Greenspan told a private audience in Canada on Friday.

Hedge funds saved the oil market:
Mr Greenspan defended the role of hedge funds, which he said "did us a great favour in buying oil contracts."

http://news.moneycentral.msn.com/provider/...1009&ID=6088008

Not included in the article were exceprts from a speech on Friday. He basically devined the housing bust was over due to the seasonally adjusted refi apps.

Liar liar, pants on fire.

Greenspan: self-serving, lying, hypocrital, revisionist buffoon.

Yep, it is trying to follow yields it appears. 10yr showing a nice island reversal. Is this it? Are the asians finally convinced the consumer jig is up and selling bucky holdings?







btw, how was our tomato crop this year?

Before I left for the 3-day weekend, I saw the PigMen buy at market at the close on Friday.

No doubt, they are squeezing the shorts with a possible throwover.

Top HeatMap Mover today

Maybe a throwover on steel stocks, too early to tell.

International Rectal Fryer

Shorts getting squeezed

Full Blown Meltup on this High End Hooker

This action feels a lot like the kind of one-way, SWUP trading we often see during the last two weeks of Dec. Weird to see it in Oct. Sumpthin' doesn't feel at all right here.

Crude oil getting killed.

Trannies are rocking.

OSX going nuts.

Nabors Industries

Shorty's favorite low grade alt energy screamer