http://finance.yahoo.com/intlindices?e=asia

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










http://www.kitco.com

Energy futures

Currencies/Au/Ag

Struggling to stay afloat today. All Ords -0.2% with most sectors sliding into the red. IT is down the most, -1.4% and the only green sector is Consumer Staples, +0.5%.

Miners in a pullback from yesterday's festival: BHP -1.5% and RIO -0.9%. Golds mostly down with Newmont an exception, +0.6%.

Not much movement in the oils: Woodside -0.4% and Santos +0.4%.

Basically a pullback day. All Ords closed -0.4% with IT retaining the downside lead, -2% followed by Materials, -1%. Telecomms, +1.1% and Consumer Discretionary +0.4% were the only greens.

Most the miners took a tumble: BHP -1.2%, RIO -1.8% and the major golds finished down around a percent with the exception of Newmont, +0.4%.

Both the major oils finished down: Woodside -0.2% and Santos -2%.

Minor gains or losses in Asia apart from China, up a hefty 2.4%.

Over to UK/Europe:







http://finance.yahoo.com/intlindices?e=europe

Indonesia Resumes Cutting Key Rate as Inflation Slows

May 8 (Bloomberg) -- Indonesia's central bank resumed cutting its policy rate, to boost corporate and consumer spending, after inflation unexpectedly slowed last month and the rupiah surged.

Bank Indonesia Governor Burhanuddin Abdullah reduced the rate used as a reference for bill sales by a quarter point to 8.75 percent, the lowest since August 2005. The move was forecast by 16 of 19 economists surveyed by Bloomberg News. The central bank said it sees further room to reduce the measure.

Australia Retail Sales Rise 1.1% on Employment Boom

May 8 (Bloomberg) -- Australia's retail sales surged more than twice as much as economists expected in March, buoyed by rising employment and wages growth. The nation's currency gained.

Spending climbed 1.1 percent from February, the biggest increase in 11 months, the Bureau of Statistics said in Sydney today. The median estimate of 25 analysts by Bloomberg News was for a 0.5 percent rise.

Expectations among consumers that the central bank will refrain from adding to last year's three interest-rate increases has fueled spending at stores owned by David Jones Ltd. and Woolworths Ltd. The Reserve Bank last week forecast the slowest inflation rate in two years, providing room for Governor Glenn Stevens to leave borrowing costs unchanged in coming months.

Couldn't be one of Aussie's boarders, no way.

Woman charged over Kalgoorlie brothel crash

Over at the America's Cup Challenge Races...

Larry ("I'm a Billionaire you MORON") Ellison's Team BMW Oracle is running hard against the Kiwi Boat (Emirates New Zealand), which appears to be in Top Form.

Appaently Ellison has threatened to buy New Zealand and sell it to China if the Kiwi Boat beats him

Cheaper to do that than building a new Boat.

The Cup

Who's been messing with the wheels on this POS?

Jibe'in in Euroland. Not Tacking.

Bear's Day Today?

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I feareth that He cometh and the market schwangeth

THEY're trying to sell the idea of a Metal Bear market
"Metals Bubble Poised to Burst on Increasing Supplies (Update3)

By Millie Munshi"

Roach trying to lower Metal prices for his new Asian friends

" China's Rates

Roach anticipates a drop in commodities because China will increase interest rates to slow the economy and inflation, while a slowdown in U.S. housing will rein in consumer spending. "

Wake up and smell the B.S.

"``This is a real bubble,'' says metals trader David Threlkeld, who first got the world's attention in 1996 when he showed that Sumitomo Corp.'s copper hoarding would lead to a market collapse. Once again, ``we have an enormous amount of unsold copper,'' says Threlkeld, president of Resolved Inc. in Scottsdale, Arizona."

They're even trying to respin the Mr. Copper story!!?

Looking up David Threlkeld renders a Nov 2005 story on Gloomberg:

"Prices may rise another 9 percent this year, [b]before falling in 2006[b], as China is forced to make good on the trader's bets, said David Threlkeld, the first man to publicly allege in 1991 that a trader at Sumitomo Corp. was cornering the copper market."

Dead wrong, prices almost doubled in to the May '06 top

broken record.... buy the dip. any chance the rug gets pulled out just to mix things up a bit???

DJ Fed Accepts $5.5 Bln In 3-Day RPs

Type of transaction: 3-Day RPs
Total accepted: $5.5 Bln
Total submitted: $35.2 Bln

Agency Collateral Operation
Total accepted: $2.5 Bln
Total submitted: $9.2 Bln
Stop-Out Rate: 5.2%
Weighted Average: 5.21%
High-rate submitted: 5.22%
Low-rate submitted: 5.14%

Treasury Collateral Operation
Total accepted: $2.5 Bln
Total submitted: $20.6 Bln
Stop-Out Rate: 5.12%
Weighted Average: 5.12%
High-rate submitted: 5.12%
Low-rate submitted: 5.05%

Mortgage-Backed Collateral Operations
Total accepted: $500 Mln
Total submitted: $5.4 Bln
Stop-Out Rate: 5.23%
Weighted Average: 5.23%
High-rate submitted: 5.23%
Low-rate submitted: 5.17%

(Data was provided by the New York Federal Reserve Bank).

.54 trin, they are going to do anything possible to keep this over 1500.

somebody's flashing their muscles at SPY 150.20. 4 million shares at the bid. you go chief.

Sign o' the times......

The producer of the 1987 film "Wall Street" has reached an agreement with Fox to develop a sequel in which Gordon Gekko returns as a hedgetarian. Working title: "Money Never Sleeps."

The original starting filming in May 1987, exactly 20 years ago. It was released post-crash in December 1987.

Is it going to be directed by Oliver Stone?

Doubtful. Probably Hank "Pat" Paulson in his directorial debut. Although the title will probably be changed to "Bwa-ha-ha-ha-ha-ha-ha" or "Can You Hear Me Now?"

in that case, I guess no one goes to jail this time....maybe some honest attorney gets fired from the SEC

Hello.....hello.....is this thing on?

Wow if the IDS page count indicator has any validity, there is gonna be one mutha of a shake a-comin'.....

I was reading about the Hunt's attempt to corner the silver market.....Could this be accomplished today? If one stayed out of the futures market and bought their silver from refiners, mints, or dealers. It seem that the Achilles heal was the massive corruption in the futures market. Please comment anyone...

GPXM update..
New high.

I hope some are you are still in. This one is going ALOT higher.

Weekly look.

Disclaimer: I've been a shareholder for the past few years.

Still here.
Trying to pinch pennies from the pigmen. Doing intraday scalps on ES for .50.

i just close my eyes and buy the dip .....

Definitely in the UFB dep't: FNM closing in on a 1 yr high.

Sold my AENS this morning for pennies gain....purchased at .97 and 1.02


[attachmentid=83053]

Yesterday the market opened up 3 points and then stayed in a 1 point range all day. Today it opens down 6 and since then has been in a 2 point range.

What the hell is there to talk about.

maybe this is the shake and then blast off...

Time to dust off the "this correction is healthy for the market" speech....or the "we don't want the market to go straight up" nonsense.....

My final comment for now.....looks as though Whiskey Haines is really pushing his luck....I caught a few minutes of him this AM and he was both visibly drunk AND slurring his words.....only a matter of time until he is taken off the air

Caution Will Robinson...

[attachmentid=83055]

[attachmentid=83054]

Something will have to give.
May smackdown coming?

Close your eyes... AND HOLD YOUR NOSE..

[attachmentid=83057]

CFC big pop!

Another buyout rumor.
Haven't they use this one before?

Enlightening post-mortem on New Century from the WaPo today.

Interviews a staff appraiser who said that, when she denied a loan app based on the appraisal value, a couple of salesgoons would come walking thru her office banging a baseball bat on her desk and yelling, "You cut my [expletive] deal!".

She said her bosses would overrule her and find another appraiser who was more compliant (or who had a fear of baseball bats.)

Yet another example of Greenprint's "financial innovation" at work.

http://www.washingtonpost.com/wp-dyn/conte...ml?hpid=topnews

looks to me like sPOOs gonna give up a Fibo fan....Sow Piggy and Cueballs too!

next leg down comin'

DIVE!!!

Wow KRY is running! again!
I'm not an experienced chart reader but the chart is not too bad?

Sea urchin

Goldmember-

Ever since you came back you've been calling for the next leg down almost every day, and the market has gone up almost every day.

I think you are a jinx.

Not that it matters, but.....

"China's masses rise up and buy stocks"---Asia Times

"On April 26, some 325,000 new investor accounts were opened on one day, pushing the total to 92.5 million. One out of ever 14 mainland Chinese is now a player. This does not include those who trade in shares through investment funds. Considering that 80% of the population are farmers, it may be safe to say that almost ALL urban adults are stock investors or speculators."

"A civil servant in Guangzhou said 90% of his staff bought and sold shares, 'During the lunch break, all we talk about is stocks. I can make more money in a single day than my monthly salary."

"A taxi driver in Shanghai said driving a cab has became his "part-time" job, as his "full-time" work is to "speculate in shares". The taxi driver told a Chinese newspaper that he and his wife have a division of labor in the trade. His wife goes to an outlet of a securities brokerage house early in the morning on each trading day. He listens to the radio and give instructions to his wife by telephone to place orders."

"There is a general belief among Chinese investors that the government will refrain from taking harsh measures, especially in the run-up to the Beijing Olympics next year, to burst the bubble. The average price on A shares is over 40 times their earnings and much higher on B shares. As for individual shares, the P/E ratio is now as high as several thousand. Speculators say such shares are worth buying because the companies are expected to be taken over."

The riverboaters returned today from "Golden Week" holiday and jammed up the "B" shares indices another 9% but could only manage about 4% on the "A" share indices like the Shankhigh and Shenzhen. The Shankhigh B is up 94% YTD and the Shenzhen "A" is up 106%.

http://www.atimes.com/atimes/China_Business/IE09Cb01.html

Painting a bottom in the 5-day cycle. Up-phase will fail eventually.

Might give da boyz room for a spiky thingy on Tomorrow's newz noize....which should be SOLD!!!

And from this weekend's news in Singapore: "Not a Bear in Sight"

Not to mention the faux rumor du jour: "Microsoft to buy Yoo-Hoo?". Phony newsnoise travels far and wide these days.

Buy all dips does work!!!

Here's a little reverse psychology:


BEARS IZ STOOPID! BULLZ RULE! BUY DA DIP! I HEART KRAMMER! GET YOUR 14K HATS ON! FREE MONEY! NO SELLOFF UNTIL AFTER 2008 OLYMPICS! PARIS HILTON FOR PREZNIT! WEIMAR BABY! CASH ON THE SIDELINES! WE'RE GONNA BE RICH! TO THE MOON ALICE! APEWOMAN? I'D HIT IT!

Q's resistance and Dow 161.8% are holding though....