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

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










http://www.kitco.com

Energy futures

Currencies/Au/Ag

A down day. All Ords -0.3% with the Materials sector doing the dive, -1%. All sectors have slight losses except for Energy +0.1%.

BHP and RIO denying all rumours re a takeover so consequently prices have slumped. BHP -1.4% and RIO -3.4% and the golds aren't particularly happy with only Newcrest showing a slight gain, +0.3%.

In the oils, Woodside -0.8% and Santos +2.2%.

Asia mostly green at this stage of the game....

Japan's Bank Lending Slows as Companies Shun Debt

May 10 (Bloomberg) -- Japan's lending growth slowed for a third month as cash-rich companies ignored the lowest borrowing costs among major economies and used their own funds to invest.

Loans excluding trusts rose 1 percent in April from a year earlier, the Bank of Japan said in Tokyo today, slowing from 1.1 percent in March. Lending adjusted for currency fluctuations, bad loan write-offs and securitizations climbed 1.9 percent.

Lending has risen less than 2 percent in each of the past nine months as companies including Toyota Motor Corp. and Canon Inc., enjoying the longest stretch of profit growth in 36 years, shun debt.

Someone attempted to hijack my computer yesterday arvo and I've sustained damage to some applications, sound, virus scanner, firewall etc so I'm about to cart the computer off to the pc doctor. Doubt whether I'll get it back before tomorrow so I'll miss the arvo post and opening the forum tomorrow am. If someone could do the latter for me I'd be obliged.

In the meantime I'll post the UK/Europe live charts in advance:







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

UK raises rates 0.25% to 5.5%

http://www.ft.com/cms/s/4db56e44-fe28-11db...0b5df10621.html

Deep joy for all the people with 6 x income mortgages.

Over at the America's Cup Challenge, the Kiwi Boat has run the Table in Round 2, giving BMW-Oracle Boat a proper smacking in one of the last races of the Round Robin.

Larry ("I'm a Billionare you MORONs") Ellison does not seem Happy.

Apparently his Plan B is to buy all of New Zealand outright and sell it to China. Cheaper than building a new boat for the next challenge.

Meanwhile, the Kiwi's seem intent on beating the stool out of Spain

Good Morning!

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Just a reminder.

Please do not hotlink to graphics wider than 600 pixels (about 8 inches on most screens.) If you have a 19-20" monitor, and the pic just fits, please delete it from the post, and just post a link.

And if you are posting a response to a post with an oversized graphic, please do not use the REPLY button to quote the post.

Thanks again.

I hate when this suff happens....

Oral Sex Linked to Throat Cancer

Personally, I'm feeling at GREAT RISK now.

Man... That sucks!

MS, welcome to the IDS. :

Doing a gap up above 1.10 at the open.
Junior Chinese gas play.

Just covered all my ES short at 1510.75 for 7.75 points from yesterday.

Buy the dip?

Did the Fed meeting marked an IT top?

DJ Fed Accepts $1.5 Bln In Overnight Reverse RPs

Type of transaction: Overnight Reverse RPs
Total accepted: $1.5 Bln
Total submitted: $7.2 Bln

Treasury Collateral Operation
Total accepted: $1.5 Bln
Total submitted: $7.2 Bln
Stop-Out Rate: 5.12%
Weighted Average: 5.1%
High-rate submitted: 5.2%
Low-rate submitted: 5.05%

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

DJ Fed Accepts $5 Bln In 14-Day RPs

Type of transaction: 14-Day RPs
Total accepted: $5 Bln
Total submitted: $72.9 Bln

Agency Collateral Operation
Total accepted: $2 Bln
Total submitted: $19 Bln
Stop-Out Rate: 5.21%
Weighted Average: 5.21%
High-rate submitted: 5.21%
Low-rate submitted: 5.13%

Treasury Collateral Operation
Total accepted: $688 Mln
Total submitted: $33.85 Bln
Stop-Out Rate: 5.12%
Weighted Average: 5.13%
High-rate submitted: 5.13%
Low-rate submitted: 5.05%

Mortgage-Backed Collateral Operations
Total accepted: $2.312 Bln
Total submitted: $20.05 Bln
Stop-Out Rate: 5.22%
Weighted Average: 5.23%
High-rate submitted: 5.23%
Low-rate submitted: 5.19%

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

'
Nice catch on the shy Newbie!

Mothership, welcome to Stoolville!

Another new high on this move.
.53

GOOOOO GPXM!

Retailers finally getting hit....just the beginning

Homies resume their descent into the teens.....

Retail powering up. What correction?

[attachmentid=83175]

CFC
If you didn't short on Tuesday, the shorts took it up again on Wednesday. Stop above the double top. Action starts if it takes out 40.

http://www.youtube.com/watch?v=Cg2JCnYH6nM

Anybody want to guess what this chart will look like at the end of the day?

[attachmentid=83177]

Looks awefully familiar.

What do stock prices have to do with stuff like sales?

It's hard to believe that this is only down about 10% from its all-time-high!

Significant selling pressure not reflected in indexes:

PIGMEN TURN ON THEIR PETS



Gloomberg

Time to set the dogs on 'em!

sounds like they need VISA..."It's everywhere you want to be"



DJ US Paulson: China's High Savings Rate Drives Deficit -Crapvision


NEW YORK (Dow Jones)--China's high level of savings, not exchange rates, are
the biggest force behind the growing trade deficit between the U.S. and China,
according to U.S. Treasury Secretary Henry Paulson. Paulson, in an interview
with Maria Bartiromo aired by Crapvision Thursday, said "the biggest factor in the
trade deficit is the fact that China has ... saving rates of 50%, and most of
their growth is driven by exports. There's not a big enough domestic
consumption portion to their growth."

In the Crapvision interview, Paulson also said the global economy today looks as
good as it has looked to him in his entire business life, which he said is
very positive for U.S. companies generating growth in terms of revenue from
international economies.

Paulson, who is to meet with a delegation of Chinese officials in Washington
on May 22, said the U.S. is increasing its exports to China "at a very rapid
rate," but there remains a very large deficit.

Paulson said there will be a lot of discussion about China opening up to
competition in such areas as open skies agreements and financial services.

"We're talking about structural changes," Paulson said in the interview,
"and having competitive capital markets will make a big difference there."


(END) Dow Jones Newswires

Very nice!

Finally some bear action!!!

what is that a chart of?

ADV/DEC Vol at NYSE

Where do you get the chart from?

I got it from QCharts, my quote provider

Out of 1/2 of SPX and OEX puts from earlier this week + yest. Market could easily veg out here rest of day.

Pressure on the Bullz to hold 1500, fer a change ...

a bit of panic selling, but it's pushed the put call ratio up over 1 again, so who knows, the market never seems to go down much on bad news, I guess they must make more money squeezing shorts than selling and buying back lower.



consumption is 70% of GDP in the USA...


Wal-Mart stores posted a 4.6% decline

Target's same-store sales dropped 6.1%

Gap stores' results were a big blow to investors, plunging 16%

American Eagle turned in an eye-popping 10% drop in comparable-store sales

Ditto at Pacific Sunwear of California where same-store sales dropped 16.5%

Bebe Stores, the trendy apparel and accessories retailer for young women. Its same-store sales fell 6.5%

Chico's FAS, a fashionable apparel and accessories retailer for older women, also let down investors with a 7.3% decline in comparable-store sales


yeah don't worry they've all gone to Costco...

Not all was gloom and doom. Costco Wholesale said its comparable-store sales jumped 7%

link

LUV announced a significantly decreased load factor in the past month, plus decreased advanced bookings. That, plus high fuel prices, is squeezing profits.

Since few other airlines even have profits, it's gotta be uncomfortable everywhere.

....

think i'll let the rest of these puts just slide for a few days ...

Interesting.....



Link

Douche Piss-on-me just said what I was waiting for....

"Some investors are just taking profits which is healthy for the market"

Ughhhhhhh!!!!!

green!

Complacency is mother's milk to stock market bears

As mentioned here months ago.....when the consumer finally begins to pull back (which is starting to happen) after the house ATM closes down and the credit card is at MAX pain....these are the among the first retailers that will get slammed....

Looks like we might get to see good 'ol 12,000 again.....or will be see 14,000 first.....tick, tock, tick, tock

Buy all dips.

buy thr dip ...

lol, thats what i just said. i want a pull back in SGR that will be 100$ soon.

Get your stock drop sound bites ready:

- This pull back is healthy
- Market digesting recent gains
- Ready to put cash to work at these levels
- Expect the Fed to step in here
- We took profits at the high on the S&P
- At these levels the market looks interesting
- We are still fully invested
- This market has legs

etc, etc, etc

Shanghai would have to go to 15000 to make it comparable to NAS.