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

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










http://www.kitco.com

Energy futures

Currencies/Au/Ag

Nothing too much happening at this stage. All Ords +0.2% with Telecom leading the way, +1.1% and the only red is Consumer Staples -0.2%.

The big miners are doing a dip: BHP -0.3% and RIO -0.6% and the golds, which started off well, look as though they may weaken.

Not much interest in the oils: Woodside -0.3% and Santos flat.

Pretty much a round trip today with All Ords closing flat. Quite a few sectors dwindled into the red; Property Trusts and Materials finished down the most, -0.6%. Telecom continued to barrel up, +3.2%.

Not a good day for the miners: BHP -1.5%, RIO -1.4% and the golds slid into the red to the tune of around 1.5%. Newmont was an exception, +0.4%.

Oils closed down, Woodside -0.8% and Santos -1%.

Asia also lacking in action: China -0.5%, Singers +0.5%, Nikkers flat.

Over to UK/Europe:







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

London Prime Home Prices Have Biggest Gain Since 1979

Jan. 15 (Bloomberg) -- The prices of London's most expensive homes rose last year at the fastest pace since Margaret Thatcher became prime minister in 1979, as bankers receiving record bonuses competed for a limited supply of properties.

Prices of prime properties in the U.K. capital gained 2.6 percent in December, bringing the increase for the year to 28.6 percent, London-based Knight Frank LLC, an international real- estate broker, said today in a statement. In 1979, prices advanced almost 44 percent.

``Bonus money has already started to impact the market,'' said Liam Bailey, head of residential research at Knight Frank. ``The proportion of prospective purchasers making an offer has increased since November. Much of this demand is due to people wanting to find a property before bonuses are distributed.''

Workers in London's financial district may have earned a record 8.8 billion pounds ($16.8 billion) in bonuses last year, 18 percent more than in 2005, according to the city's Centre for Economics and Business Research Ltd. London house prices rose at the fastest annual pace in at least four years last month, pushing the average asking price to 355,097 pounds, according to Rightmove Plc, the country's biggest property Web site.

London is the most expensive city in the world for prime real estate, CB Richard Ellis Group Inc. said in September. Prices in neighborhoods such as Chelsea and Hampstead averaged $2,244 a square foot in the second quarter. The same space for Manhattan homes -- on Fifth Avenue, Park Avenue and Madison Avenue near Central Park -- cost about $1,870 a square foot.

German Investor Confidence Rises to a Six-Month High

Jan. 16 (Bloomberg) -- German investor confidence rose more than economists expected in January, reaching a six-month high, on the view that the economy will overcome a sales-tax increase and a global slowdown.

ZEW says its survey findings anticipate the outcome of the Ifo institute's business sentiment indicator, Germany's most- watched confidence gauge. Munich-based Ifo is scheduled to release the January confidence indicator on Jan. 25.

“They have a choice of how they want to lose it,” Mr. Murphy said of investors and condo developers. “Drip by drip or in one slap.”

http://www.nytimes.com/2007/01/16/realesta...artner=homepage

Mortimer is busy today ...

Good Morning!

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In case you didn't catch them, two new podcasts were posted over the weekend.

Wall Street Examiner Roundtable
http://podcast.streetiq.com/streetiq?Chann...age=MediaViewer

and WSE TA report with Mark-
http://podcast.streetiq.com/streetiq?Chann...age=MediaViewer

Cramer's Comeback

posted this chick's photo op on M2M -> hilarious segment. A bunch of off-Broadway kooks having a riot.

DJ Fed Accepts $11.25 Bln In Overnight RPs

Type of transaction: Overnight RPs
Total accepted: $11.25 Bln
Total submitted: $41.65 Bln

Agency Collateral Operation
Total accepted: $2.364 Bln
Total submitted: $14.1 Bln
Stop-Out Rate: 5.3%
Weighted Average: 5.3%
High-rate submitted: 5.3%
Low-rate submitted: 5.25%

Treasury Collateral Operation
Total accepted: $8.469 Bln
Total submitted: $19.05 Bln
Stop-Out Rate: 5.26%
Weighted Average: 5.27%
High-rate submitted: 5.28%
Low-rate submitted: 5.21%

Mortgage-Backed Collateral Operations
Total accepted: $417 Mln
Total submitted: $8.5 Bln
Stop-Out Rate: 5.32%
Weighted Average: 5.32%
High-rate submitted: 5.32%
Low-rate submitted: 5.3%

That's a wash. $11.25 billion expiring.

But confidence remains high It is only condos.


And while there are tentative signs that the worst of the overall housing slump may be easing as builders cut back and interest rates remain relatively modest, condo markets continue to suffer.


from the same article

FED getting slammed hard....top may be in there...just need to break 66 now and the landslide should begin in the Kali Option Armer...

Dawn of the Dow,,,,,,,,,, never die, never top.. rated xxx at a theatre near you.......... at least the nas has pulled back a point after a 50+ pt run oh look cisco on sale !

Mark Haines completely and utterly perturbed by markets being "stuck in neutral"

is helium in the dow 30? there goes crude!

Gooood Morning Countrywide!

Gold/Silver no followthru thus far...batlle lines tightening...

Seems like it's just a matter of time here, eh?

oih on crash watch, pissonme says everyone hiding in tech...... lets play hide and seek................

CME with a bit of a toppy looking 15 min chart..let's see if the bears can get anything going there...

ICE slipped off it's launch pad this AM as well...

Yeah, I've been waiting for the big dog to crack. Also getting a romp in my china bio Sinovac this morning. Lots of bird flu reports surfacing in asia in recent weeks.

Watching to see if trannies can pull the finger here today....

Nipple Top??

Oil continues its "Death Spiral"

Another trucking firm "jumps the creek".

Railroads looking very strong today.

HighBM trading at par....... smokin ICE!!!!!!

Virtual Panic to buy gaming stocks.

Wow....

Whee!!!

Grab those small cap screamers!!!

Stopped out of the rest of my SU this morning for a 1.5 gain....
I'm going to sit and watch today.

Lot's of luck folks.

Wow....

K-Wave: did you catch this???

Dow futs with the Kaiser Helmet formation to top things off?


Just gotta break 12600.....

Standing aside metals fur a bit, should be some chop in this area, and after that a biggie should be coming....shoulda reversed short when I sold on Friday..oh well.

WSJ reported maniacal call buying in Kathie Lee last week.

Bull Market in old people

Where do you "hide" when the market sells off?

REITs on the verge of bankruptcy, of course!!!

Up 13%

On the chart and the avatar

is anyone thinking of buying oil or is it gonna go lower. havent seen results at the pumps yet gas still 2.22 here in florida. oih and xle making new lows on the day, maybe a small rebound around the corner?

Trannies are unreal today.....

dude,

buy something that is going up, not down!!!

source: alan cook

When Zapata George announced that he was going long on "full margin" Friday, I knew he was going to get hosed.

Nice move in Wells Fargo today.

Back down?

IBM still running as it blows out the century mark...let's see if they can keep her above par today....

SPY doesn't seem to want to drop very hard today.

Especially now that the Put/Call ratio is screaming over 1.00 this morning.

Bears pile on at the slightest hint of weakness.

Amazingly quiet in the major indicies.....