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


aussiebear
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Just a whole lot of messing around today but green seems to be out of the picture. All Ords -0.2% and not a lot of movement in the sectors. IT is out in front, +1% and at the other end, Property Trusts and Consumer Staples are -0.7%.

In the miners, BHP and RIO are marking time, -0.6% and -0.2%. Golds are looking a little sparkier, up around 2%.

Oils are down once again: Woodside -0.6% and Santos -4.2%.

Some notable falls in Asia: Nikkers -1.5% and China -0.8%.


aussiebear
Brazil's Unemployment Rate Falls, Bank Lending Rises

Nov. 23 (Bloomberg) -- Brazil's jobless rate fell to a nine-month low in October and bank lending rose as declining interest rates buoyed consumer demand for credit and led retailers such as Lojas Renner SA to add staff.

The unemployment rate in Brazil's six largest metropolitan areas dropped to 9.8 percent from 10 percent in September, the government said. A separate central bank report showed loans from state and non-state banks rose 1.9 percent last month to 697 billion reais ($321 billion) from 684 billion reais in September.

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

Mexico Inflation in First-Half of November Quickens

Nov. 23 (Bloomberg) -- Mexico's inflation quickened in the first half of November as the cost of electricity surged.

Consumer prices increased 0.51 percent in the first fifteen days of the month after rising 0.28 percent in the first half of October, the central bank said. The increase was smaller than the median 0.53 percent forecast in a Bloomberg survey of 16 economists. Core inflation which excludes fresh food and energy costs, was 0.14 percent, the bank said.

Central bankers, who meet tomorrow, will hold off on cutting the benchmark lending rate until next year as they wait for the inflation pickup to subside, said Luis Flores, an economist at IXE Grupo Financiero SA. Falling prices for tomatoes and sugar in today's report heighten expectations that the annual inflation rate will fall below 4 percent by December, he said.


aussiebear
Japanese Stocks Decline After Government Cuts View of Economy

Nov. 24 (Bloomberg) -- Japanese stocks fell, led by Mitsubishi UFJ Financial Group Inc. after Japan's government cut its evaluation of the economy for the first time in almost two years.

``The macro view of Japan is weak, creating bearish sentiment in the market,'' said Fumihiro Nakajima, who oversees about $1 billion at Tokio Marine & Nichido Fire Insurance Co. in Tokyo. ``An expensive yen is always negative for exporters.''

Both the Nikkei and the Topix have dropped 2.5 percent so far this week.



aussiebear
Mandatory Golf Lessons in China Pit Communists Against New Rich

Nov. 24 (Bloomberg) -- Chipping and putting have joined law and economics as required courses at China's Xiamen University, sparking outrage in a country where golf is still frowned upon as a pastime of the rich.

College officials in Xiamen, a southern coastal city, have added golf to some degree programs, saying expertise in the sport will improve students' career prospects. State-run media attacked the decision, leading Peking University in Beijing to drop plans for a driving range on campus.

``Promoting aristocratic sporting activities in universities is a vulgar pursuit of lucre,'' the Beijing Youth Daily newspaper said in an Oct. 16 editorial.

With 1 million golfers in China compared with 1,000 a decade ago, the sport symbolizes the struggle to marry communism with the free enterprise system that has created a new class of wealthy entrepreneurs and executives. Just two of the 350 golf courses built since 1984 are open to the public, and expensive private clubs are out of reach for most.


aussiebear
New Zealand Annual Trade Gap Widens on Record Imports

Nov. 24 (Bloomberg) -- New Zealand's annual trade deficit unexpectedly widened in October as purchases of aircraft, mobile phones and cars pushed imports to a record.

Rising imports add to signs record-high interest rates aren't slowing consumer demand, which makes up 60 percent of the $108 billion economy. Increased spending makes it likely that Reserve Bank Governor Alan Bollard will keep borrowing costs at the second- highest among nations with a Aaa credit rating from Moody's Investors Service, until at least the second half of next year.


aussiebear
QUOTE(alceringa @ Nov 24 2006, 05:54 AM)
Personally, I think the rising power of influence of women in politics and business (at least in many westernized societies) is a good thing for humanity.
*



One would think so but it seems that power and wealth tend to corrupt those who acquire it, regardless of gender. mellow.gif



aussiebear
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A fairly uneventful day by all accounts. All Ords closed -0.2%, right where we were in the am post. Healthcare chugged into the lead, +0.7% and Energy dropped into last place, -1.1%.

BHP and RIO continued in the red but the golds looked okay: Lihir +2.8%, Newcrest +2.6% and Newmont +1.4%.

Oils remained red: Woodside -1% and Santos -5.2%.

Some of the Asian markets recovered from their early selloff but Nikkers couldn't quite get it together, -1.1%.

Over to UK/Europe:

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Charmin
Start your engines for the 5am giveaways and madd crowds on Black Friday. Retailers share prices certainly have been pumped for the event.

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astral mike
dollar has been in a major freefall this morning, yet the us equirty markets are gapping down.

another morning bear suck-in. or is this time different?
Tzu
I think today is a non-event and a rising doolar is bullish for stocks here, not a falling dollar. Not sure why really but that is my scenario....
Tzu
Who all missed this?
DELL filled the gap and now MSFT is at major resistance. It has gotta be time for a pullback on MSFT at least. MAybe a fakeout breakthru but no way it doesn't pullback.
Right?
I can't imagine a rally without MSFT that held. This is especially with the Xbox 360 momo going. It will kick as for sure. Playstation lost out big time. Huge mistake not having massive amounts of consoles for Christmas.
By next Christmas it won't be the new thing anymore. Xbox 360 will be 2 years old already and alot of the momo is lost.
This scenario seems like Nintendo coming out with Mario Brothers 3 years late. The Playstation came out and Nintendo was screwed. Imagine if Nintendo lost those few years. I remember it well. Once I saw the Playstation I automatically had 0 interest in the nintendo ever again. I never played it again.
Playstation 3 is obviously way better than the 360. It has way more features, the controls are much better and I think people have a better connection with Playstation over all.
Seems like the same thing that happened with "Beta" tapes. They were better quality but lost out due to other factors.

Doesn't the MSFT chart make it look like it is a great hedge? I wouldn't buy MSFT becuase it moves to slow.
Another interesting fact is that MSFT topped out around 60 and is now at 30.
Currently almost exactly 50% lower.
*Hey, I sound like a "low grade" dmm this morning! laugh.gif
[attachmentid=72747]

Now check out another view of DELL ignoring the gap fill. Check out the "pinning" action below. It just broke thru the downtrend line. Here is how I see to play DELL. I still have a half position so I will let it ride. I do not see any reason to sell as long as DELL is above the downtrend line. This may mean it goes lower in price 3-5% and I would still hold. This mostly depends on "time" factors" whether it will stay above the trend line. This is independent of price movement which builds good cause for it not to stay still at the least.
I think we are at the time with DELL when people will try to game a "top" on it. The shorts may gain some short term footing but I bet the option gamers dive on causing DELL to break out. Once these shorters are wiped out then you buy puts and let them ride. Buy for protection if nothing else. Great insurance. I think this times out by JAnuary which seems to be the best place to retrace the market. imo.
[attachmentid=72748]
As soon as DELL retests that downtrend line again (or right near it) I will readd the half sold position. If DELL solidly breaks the downtrend line I will sell it all.
I say "solidly" because using exact figures in this environment is stupid imo. That is why we here at the stool have developed the "Pigman Shank Trading System™"
Simply wait for the patented technique to play out. It is well known by the shanking of 6 million stops at "break" levels then immediately "Needle Bottom".
alceringa
Just scanned throught the news/charst at kitcometals.com....

Base metals are up.
Zinc is still flying out of the warehouse on the LME.

Interesting that Shanghai copper warehouse inventory level has been dragged down to 18 month lows just a few weeks after LME started building inventory.

HBM.TO is my favorite Canadian zinc/copper/gold/silver play for long term. Do your own DD.
alceringa
Looks like Uncle Buck woke up with a holiday hangover
Tzu
Wow, looks like the miners will be on fire today. Any favorite picks non Canadian?

alceringa
Swing trades/longer term-

FRG- Been finding something noteworthy every couple of weeks. Gold/Uranium play. Chart's OK.

RNO-Nickel play posing as a gold stock. Chart's not as nice.

HBM can be bought in the USA on the pinkies if your borker doesn't do Canadians.

Do your own DD.
Tzu
Just bought some DROOY.
Premature but low risk for a penny stock with losses around 15%.

FRG looks great. It has that new IPO feel and is in uncharted territory. Great increasing volume
alceringa
Like Aussie said, BHP and RIO TINTO got the smackdown treatment in OZ today.

Looks like its continuing in Euroland, despite metals prices.

Gonna be selling pressure on them in New York today, me thinks.
Peek Paper
I'm guessing that if SPX cash opens below 1400, a lot of black box sell programs kick in. Could be an interesting day. Bought some 1400 weeklys cheap on Tuesday, maybe I'll settle in the $.
DrStool
Good Morning!

Welcome to Intraday Stool! Thanks to aussiebear for her daily opening!

You can join the discussion by registering (PG rated user names only, please) and posting here as well. Registration is easy. Just click the Register link above, enter your email address (which you have the option to keep confidential), and enter a user name. To keep out spammers and scammers, I'll send you an email with a few Monty Python type questions. Just reply with your answers, and I'll approve your registration as soon as I receive your reply.

If you have questions about how to register and post, use the Help link in the menu bar at the top of the page.

If you know others who might be interested in joining us, use the email to a friend link above the thread.

Many tanks for joining us!

Doc


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DrStool
QUOTE(lineup32 @ Nov 24 2006, 12:32 AM)
QUOTE(DrStool @ Nov 23 2006, 11:40 PM)
QUOTE(lineup32 @ Nov 23 2006, 10:32 PM)
Turkey talk with my 26 year old son-in-law, and son, both SV vet's centered around YAHOO and GOOG.  Seems the click model is breaking down.  folks getting large bills from YAHOO and GOOG been asking  questions about how the click charges can be so  high but actual sales lows.  GOOG in particuliar was mentioned as getting considerable heat regarding click charges.  I guess the newer model that pays based on actual clicks that turn into sales or request for info is starting to eat into both  YAHOO and GOOG.
*



That's not a new model. It's an old one. Called affiliate programs. Take it from one who knows. They don't work. Publishers won't carry them any more. Most affiliate program agencies went bust or consolidated long ago.

The problem with online advertising is that the returns can be quantified. If they could be equally quantified in the traditional media, those returns would be recognized as pathetic as well. My guess is that advertising costs are never recovered. Business do it because they have to. Their competitors are doing it. Pay to play or die. Those few businesses that are doing it on word of mouth alone have the right idea. But they are few and far between. The sacrifices and commitment required for success by that model are enormous... for most, overwhelming.

Online advertising simply reveals that the emperor has no clothes. I know that it doesn't work. But the big guys have to keep doing it because their competitors are doing it. It's not going away any time soon. Does that mean GOOG is worth $500? Hell no. But it's not going away anytime soon, and it ain't worth betting against guys who've proved time and again that they are smarter than everyone else, and who have a massive legion of fans.

By the way, does GOOG, advertise? Hell no. At least not to my knowledge. They did it the other way. Sacrifice, commitment, word of mouth. Then they took the big payday. Now they just buy the smartest people and the best ideas. They don't need no damn advertising.

Talk to me about shorting GOOG when there's a breakdown from a clearly identifiable distribution pattern. Even then, I'd have second thoughts. YHOO may be a different story. Part of their problem, if you haven't noticed, is that they still have to advertise. They're the also ran. The has been. Different ballgame. There are definitely times when that stock can be shorted. Is now one of those times.

Let's have a look at the chart and see.
*



Given the flashing ad's on this site and your business model, I figured Doc would provide some good feedback!
Since conventional printing advertising such as mass direct mail , magazine AD's etc have declined because of click advertising it will be interesting to see what kind of growth click advertising can do in the future when the ROI becomes challeged.
*



My business model? Desperation! laugh.gif laugh.gif laugh.gif

My primary ad server has an ad blocking option. I keep checking off the obnoxious free stuff and flashing ads. That didn't seem to be working. Seems my secondary ad server was serving up this trash. I sent them a very curt email about it. They said they would remove immediately and I haven't seen any since. The damn things didn't pay squat anyway. Overall, ad rates continue to crumble. It's downrot 'orrible.
Tzu
I'll keep that in mind. Not much volume but they usually do pretty good when they are up in a pack. For a jump off the bell at least....

CDE and SLW leading the pack.

The word on the street is that China says they have too much exposure to the dollar. Looks like today may be the correction point. That sure is a market moving indicator if true.
Could it be the actual pullback or will China say "just kidding" in a month after they load down dollars into tech stocks or something. Thus executing a master play that buys the dip for a massive tech run?
Tzu
QUOTE(Tzu @ Nov 24 2006, 05:51 AM)
I think today is a non-event and a rising doolar is bullish for stocks here, not a falling dollar. Not sure why really but that is my scenario....
*



I would like to withdraw my "non-event" comment. laugh.gif

Wal-Mart buying out Mexico?

Seems we are fixing to have a huge Christmas this year.

Then retail sales fall off a cliff afterwards. I would assume the price slashing won't help the situation.
robin hoodlum
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Peek Paper
QUOTE(Tzu @ Nov 24 2006, 08:44 AM)
.
Seems we are fixing to have a huge Christmas then year.

Then retail sales fall off a cliff afterwards. I would assume the price slashing won't help the situation.

You can feel the pent-up demand; most of my friends have kids of various ages, there seems to be a sense of frenzy to the person. Several did the 1AM shopping thing. I think it falls of a cliff after Black Friday.

Will a USD crash effect prices at ChinaMart? I would think the inventory's already paid for. The gift card situation may be another story.
Tzu
That reminds me. The Wal-Marts here have been loaded down with storage containers for months. I assume it is not like that everywhere and is more to do with the hurricane and specific things but who knows.

Best to load the boat now on Chinamart products and discount outlets. I'll probably load up with all my supplies for next year at Sam's this week. I will buy pretty much anything that will last and will be used over at least the next year or 2.
In the meantime, looks like good news on the retailers will hit the tape. Hopefully enough to get them to start skying so we can pick out "Needle Top™" formations soon.
Sounds like a usual pigman strategy. Shank retailers during record sales. No different than crashing energy before hurricane season.
I_Am_Madness
WOAH!!!
That's the biggiest gap down in the Dow that we have seen in a LONGGGGG time.

So who's buying? laugh.gif
astral mike
-$5.25 Bln Drain.
potatohead
*DJ Fed Accepts $7.5 Bln In 3-Day RPs
potatohead
DJ Fed Accepts $7.5 Bln In 3-Day RPs

Type of transaction: 3-Day RPs
Total accepted: $7.5 Bln
Total submitted: $40.45 Bln

Agency Collateral Operation
Total accepted: $1 Bln
Total submitted: $7 Bln
Stop-Out Rate: 5.29%
Weighted Average: 5.29%
High-rate submitted: 5.29%
Low-rate submitted: 5.24%

Treasury Collateral Operation
Total accepted: $6.5 Bln
Total submitted: $28.7 Bln
Stop-Out Rate: 5.27%
Weighted Average: 5.27%
High-rate submitted: 5.28%
Low-rate submitted: 5.21%

Mortgage-Backed Collateral Operations
Total accepted: None
Total submitted: $4.75 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 5.28%
Low-rate submitted: 5.26%
DrStool
QUOTE(astral mike @ Nov 24 2006, 09:35 AM)
-$5.25 Bln Drain.
*




I'm showing $9.5 billion drain. But wait till 9:55. Or even later.

They still haven't done the usual seasonal 40 day repo.
DrStool
I'd be slightly dumbfounded if they let a $9.5 billion drain stand on Black Friday weekend.
FeedFool
OMG

CRB down to all time low with drop of over 92 in one day. tongue.gif tongue.gif tongue.gif How do they do wink.gif it???
astral mike
QUOTE(DrStool @ Nov 24 2006, 09:46 AM)
QUOTE(astral mike @ Nov 24 2006, 09:35 AM)
-$5.25 Bln Drain.
*




I'm showing $9.5 billion drain. But wait till 9:55. Or even later.

They still haven't done the usual seasonal 40 day repo.
*



yep, you are right Doc, its $9.5 net drain so far.
astral mike
i wonder how many 400:1 leveraged fx gamers gone blown up overnight? huh.gif

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DrStool
I'll tell you what. If they let that stand, I'd have to start wondering if this is a change of course. Are they trying to defend the dollar? If so, why?
Tzu
RIMM and DELL unphased. New highs on RIMM.

We close at noon today. light volume with small moves. Nothing happening today. Have a great weakend.
DrStool
OK, they did something similar in 04 right after Thanksgiving. The pumping party in 04 was a little more restrained than in 05 when they went hog wild. My guess is that they are going with the 04 model this year rather than anything radical.

Details, charts, and analysis coming up in the Fed report in the WSE Pro.

Subscribe NOW, risk free for 30 days. Click the link below to get instant access. Don't miss today's report coming up shortly.
LeeWhee
QUOTE(astral mike @ Nov 24 2006, 07:52 AM)
i wonder how many 400:1 leveraged fx gamers gone blown up overnight?  huh.gif

user posted image
*



Guess they'll have to go to Vegas for the Currency Trading Expo on Dec 9-10 to pick up some pointers. Can only imagine the motley group of riverboaters that will come to that event. Guess they need something to do b/w poker tournaments.

Check out the "experienced trading specialist" on the FXCM site. I guess all the best currency experts trade while wearing bikinis. tongue.gif
potatohead
DJ Pres Putin: No Proof Death Of Ex-Russian Spy Was Violent

HELSINKI (AP)--Russian President Vladimir Putin on Friday described the
death of a former Russian spy in the U.K. as a tragedy, but added that he saw
no proof it had been a "violent death."

Putin, who extended his condolences to the family of Alexander Litvinenko,
said U.K. medical documents didn't show "that it was a result of violence,
this is not a violent death, so there is no ground for speculations of this
kind." Shortly before his death, Litvinenko dictated a statement accusing
Putin involvement.

right after that this was the next headline.....

*DJ Small Traces Of Radioactive Material Found In Ex-Spy -TV
*DJ Traces Of Polonium 210 Found In Russian Ex-Spy- Sky TV
I_Am_Madness
CHINA just broke 9.
WOW!
DrStool
Just another bear suck in.
potatohead
*DJ UK Govt: Ex-Spy Litvinenko Poisoned By Radiation
potatohead
*DJ UK Govt:Radioactive Element Polonium 210 Found In Ex-Spy
shorty
turkey table talk was a lot of RE Bagholder mocking

old fogeys laughing almost hysterically at the falling prices and the foolishness of the "youngsters" not realizing how many at the table had taken out all their equity to buy multiple spec homes now deeply underwater

the Losers sat silenty, averting eyes

out-of-towners kept mocking, most not being aware that their own relatives are going down, and nobody wanting to mention it
potatohead
HISTORY
Also called Radium F, polonium was discovered by Maria Skłodowska-Curie and her husband Pierre Curie in 1898 and was later named after Marie's home land of Poland (Latin: Polonia). Poland at the time was under Russian, Prussian and Austrian domination, and not recognized as an independent country. It was Marie's hope that naming the element after her home land would add notoriety to its plight. Polonium may be the first element named to highlight a political controversy.

This element was the first one discovered by the Curies while they were investigating the cause of pitchblende radioactivity. The pitchblende, after removal of uranium and radium, was more radioactive than both radium and uranium put together. This spurred them on to find the element. The electroscope showed it separating with bismuth.

It is thought that polonium-210 was used to poison and kill the former Russian spy Alexander Litvinenko in London, during November 2007

http://en.wikipedia.org/wiki/Polonium
potatohead
funny how this last sentence was added but the news was not out till 10 minutes ago..they are also 1 year ahead
robin hoodlum
bear suck in humiliation..............................
potatohead
Bush is right we are in control in IRAQ, IRAQI's have never been happier...

*DJ Shiite Militiamen Burn Six Sunnis Alive In Iraq -Police
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