http://finance.yahoo.com/intlindices
Full Version: IDS World Markets Wed 11th July 07
Stool Pigeons Wire Message Board > Stock Market Message Board > Intraday Stool- Stock Market Short Term Trading
Dramatic session in the US but fairly dull and boring here. All Ords -0.5% with Materials down the most, -1.4%. IT is the only green sector, +0.3%.
Miners seeing a strong pullback: BHP -1.7%, RIO -1.1%. Newcrest's faring a little better, +0.9% but Newmont is following the others, -1.8%.
In the oils, Woodside and Santos both -0.4%.
Australian July Consumer Confidence Holds Near Record
July 11 (Bloomberg) -- Australia's consumer confidence held close to a record in July after the central bank left interest rates unchanged for an eighth month and fuel prices dropped.
The confidence index fell 0.6 percent from June to a seasonally adjusted 120.8, according to a Westpac Banking Corp. and Melbourne Institute survey of 1,200 people. A reading higher than 100 shows optimists outnumber pessimists.
-------------
Australians Snub New York Offices, Find Value in Mineral Wells
July 11 (Bloomberg) -- Australian investors widened their lead as the biggest international buyers of U.S. real estate, spurning skyscrapers in New York and San Francisco for warehouses in Mineral Wells, West Virginia, and malls in Sylvania, Ohio.
This year, Australians purchased $7.7 billion of U.S. real estate, or $2.2 billion more than they acquired during all of 2006, according to New York-based Real Capital Analytics Inc., a provider of data on the U.S. property market. Germans spent $2 billion in the same period and Middle East buyers $3.9 billion.
Investments in the U.S. increased since 2002, when Australia required companies to pay the equivalent of 9 percent of employee salaries into retirement accounts. The decision flooded Australian banks and pension funds with cash, boosting the total held in pension accounts to A$1.1 trillion ($950 billion).
July 11 (Bloomberg) -- Australia's consumer confidence held close to a record in July after the central bank left interest rates unchanged for an eighth month and fuel prices dropped.
The confidence index fell 0.6 percent from June to a seasonally adjusted 120.8, according to a Westpac Banking Corp. and Melbourne Institute survey of 1,200 people. A reading higher than 100 shows optimists outnumber pessimists.
-------------
Australians Snub New York Offices, Find Value in Mineral Wells
July 11 (Bloomberg) -- Australian investors widened their lead as the biggest international buyers of U.S. real estate, spurning skyscrapers in New York and San Francisco for warehouses in Mineral Wells, West Virginia, and malls in Sylvania, Ohio.
This year, Australians purchased $7.7 billion of U.S. real estate, or $2.2 billion more than they acquired during all of 2006, according to New York-based Real Capital Analytics Inc., a provider of data on the U.S. property market. Germans spent $2 billion in the same period and Middle East buyers $3.9 billion.
Investments in the U.S. increased since 2002, when Australia required companies to pay the equivalent of 9 percent of employee salaries into retirement accounts. The decision flooded Australian banks and pension funds with cash, boosting the total held in pension accounts to A$1.1 trillion ($950 billion).
U.K. Trade Gap Narrows to Least Since October 2005
July 10 (Bloomberg) -- The U.K.'s trade deficit unexpectedly shrank in May to the narrowest in more than 1 1/2 years as buoyant economic growth in Europe and Asia boosted exports.
The goods trade deficit was 6.3 billion pounds ($12.7 billion), the least since October 2005, down from a revised 6.9 billion pounds a month earlier, the Office for National Statistics said in London today.
The report suggests U.K. manufacturers are coping with the level of the pound, which reached the highest in a quarter-century last week on speculation of higher interest rates. British factories are benefiting from an economic pickup in the euro region, which buys half of their exports.
July 10 (Bloomberg) -- The U.K.'s trade deficit unexpectedly shrank in May to the narrowest in more than 1 1/2 years as buoyant economic growth in Europe and Asia boosted exports.
The goods trade deficit was 6.3 billion pounds ($12.7 billion), the least since October 2005, down from a revised 6.9 billion pounds a month earlier, the Office for National Statistics said in London today.
The report suggests U.K. manufacturers are coping with the level of the pound, which reached the highest in a quarter-century last week on speculation of higher interest rates. British factories are benefiting from an economic pickup in the euro region, which buys half of their exports.
Dollar just plunged below a crucial support level against the Euro. With the last vestige of a key support done, the dollar has a date with destiny in testing all-time support lows against the Euro.
Why the Euro? It makes up 58% of the entire dollar index. In hitting the all-time-low against the Euro, there's a good chance the USDX may hit 80 or go slightly below.
I am paying attention to the USDX, but I'm paying more attention to EUR-USD, specifically 1.4575. If this breaks down, the dollar index is definitely toast.
In the months ahead, things are gonna get rocky. Nerves are gonna probably get tested.
It's gonna be real bumpy, and it's gonna throw a bunch of curves along the way.
Get ready to hold onto your barfbags.
Why the Euro? It makes up 58% of the entire dollar index. In hitting the all-time-low against the Euro, there's a good chance the USDX may hit 80 or go slightly below.
I am paying attention to the USDX, but I'm paying more attention to EUR-USD, specifically 1.4575. If this breaks down, the dollar index is definitely toast.
In the months ahead, things are gonna get rocky. Nerves are gonna probably get tested.
It's gonna be real bumpy, and it's gonna throw a bunch of curves along the way.
Get ready to hold onto your barfbags.
DOW:
Interesting pattern here.
Moct Elliotticians were looking for a 5th wave breakout from the trend channel indicated by the red lines.
Instead, the DOW broke to the downside, violating the blue line and negating an impulsive pattern.
Interesting pattern here.
Moct Elliotticians were looking for a 5th wave breakout from the trend channel indicated by the red lines.
Instead, the DOW broke to the downside, violating the blue line and negating an impulsive pattern.
A deed, or document that transfers the title of real estate, passes ownership of real estate in default to the buyer from the guardian of the trust deed. Tracks the movement of foreclosures in San Diego County.
http://www.sddt.com/Finance/EconomicIndicators.cfm
A dispirited sort of day. All Ords closed -0.5% with Materials retaining the downside lead, -1.3% followed by Healthcare, -1.2%. Two sectors closed up, Telecomms, +0.5% and Energy +0.2%.
Miners all over the place: BHP -1.7%, RIO -0.7%. Newcrest had a run, +2.5% and Newmont came in -2.1%.
In the oils, Woodside closed flat and Santos -0.8%.
A fairly bearish day in Asia: Nikkers -1.1%, Taiwan -1% and China -0.7%.
Over to UK/Europe:
http://finance.yahoo.com/intlindices?e=europe
QUOTE(bearvest @ Jul 11 2007, 06:21 AM)
DOW:
Interesting pattern here.
Moct Elliotticians were looking for a 5th wave breakout from the trend channel indicated by the red lines.
Instead, the DOW broke to the downside, violating the blue line and negating an impulsive pattern.
Interesting pattern here.
Moct Elliotticians were looking for a 5th wave breakout from the trend channel indicated by the red lines.
Instead, the DOW broke to the downside, violating the blue line and negating an impulsive pattern.
Looks like its doing a Flat correction.. IMHO
Have u looked at the Far east??
Tiawan and south Korea???
If I post those charts again then they might get deleted
"For this summer we have a new exercise for you!
It's super fun!"
[attachmentid=85622]
"And 1 and 2 and 3, Lower highs, lower lows, lower highs, lower lows, come on you can do it"
"Break it down!"
"you can do it too!"
"get with the program you old hag!"
It's super fun!"
[attachmentid=85622]
"And 1 and 2 and 3, Lower highs, lower lows, lower highs, lower lows, come on you can do it"
"Break it down!"
"you can do it too!"
"get with the program you old hag!"
Wow, these knew firefox auto-correction program is rely god, know I cane right with out any miss stakes.
Tanks Doc!
Tanks Doc!
QUOTE(FeedFool @ Jul 11 2007, 04:16 AM)
QUOTE(bearvest @ Jul 11 2007, 06:21 AM)
DOW:
Interesting pattern here.
Moct Elliotticians were looking for a 5th wave breakout from the trend channel indicated by the red lines.
Instead, the DOW broke to the downside, violating the blue line and negating an impulsive pattern.
Interesting pattern here.
Moct Elliotticians were looking for a 5th wave breakout from the trend channel indicated by the red lines.
Instead, the DOW broke to the downside, violating the blue line and negating an impulsive pattern.
Looks like its doing a Flat correction.. IMHO
Have u looked at the Far east??
Tiawan and south Korea???
If I post those charts again then they might get deleted
Why would you make a statement like that? I said I would delete your charts if they were unidentified like the last one. Posting a chart with an arcane number or symbol that no one recognizes is a waste of time and bandwidth. How hard is it to say, "This is a chart of Korea"? If you post a chart, tell us what it is and explain what you think it means, everyone would appreciate that.
QUOTE(cwd @ Jul 10 2007, 11:18 PM)
QUOTE(Bob_Boberson @ Jul 10 2007, 10:09 PM)
QUOTE(DrStool @ Jul 10 2007, 07:56 PM)
I spend 4 months a year in Canada, and 8 months in the US. It's my impression that the lower middle class is better off here. I would guess that there are stats that would bear me out, but I don't have them at my finger tips. I know from my own family's experience that benefits for middle class workers here are far far better than what US workers get.
Try spending October through May in Canada and June through September in Florida and see if you still think that.
Funny, but the real comparison would be to substitute Plattsburgh, or Buffalo, or Detroit for Florida. That would be a like to like comparison weather wise.
QUOTE(mdporter @ Jul 11 2007, 12:56 AM)
QUOTE(barelyone @ Jul 10 2007, 09:03 PM)
QUOTE(Benny Hoo Hoo @ Jul 10 2007, 06:18 PM)
While I certainly do feel for the elderly, specifically those on a fixed income, I feel even more for today's youth.
My oldest is 19 years old and when she finishes school in 3 years, she won't come close to being able to afford a home, let alone pay the taxes and insurance on it.
My oldest is 19 years old and when she finishes school in 3 years, she won't come close to being able to afford a home, let alone pay the taxes and insurance on it.
you sound like all our youth and young adults fresh out of school and not even hitched to their first real job are supposed to be able to afford a home ,taxes, insurance,etc. at age 22 without having lifted a finger to earn it---=-give me a break!
There are alot of people who are not fresh out of school who cannot afford to buy a home without using a liar loan that is a neg-am or some other exotic piece of doo doo.
How would you like to make $70 or $80k a year, only to find townhomes that cost $700k with $300 or more a month homeowners fees? Or $8k per year property taxes? Or if you live in Florida how about $5k/year home insurance?
Most people can't get a job that will pay a relocation fee to move somewhere else, so figure another $2-5k for a moving truck rental to go to a cheaper state.
The free Alan Greenspan money screwed alot of things up. Now we're starting to figure out just how screwed we are going to be. The financial alchemy of the 1990's is coming home to roost bigtime.
Why would you want to own a home when you could rent it for one third of the cost? Home ownership is only a good deal when prices are appreciating and the carry cost doesn't exceed rent by more than the annual appreciation. When home prices are falling or flat, there's no reason to own a home. People have been brainwashed into feeling that they are throwing their money away on rent, when the fact is that the opposite is now true.
QUOTE(DrStool @ Jul 11 2007, 06:34 AM)
People have been brainwashed into feeling that they are throwing their money away on rent, when the fact is that the opposite is now true.
Excellent point...
Very few actually take the time and brain cell to do the math.
If my theory is correct a market drop will be blamed on an event (political or terrorist) instead of simple internal weakness. I have been thinking this for 3 years.
and now after 3 years.......
DJ US Chertoff Has 'Gut Feeling' About Increased Risk For Terror
CHICAGO (AP)--U.S. Homeland Security Secretary Michael Chertoff has told the
editorial board of the Chicago Tribune he has a "gut feeling" about an
upcoming period of increased risk for terror attacks. His assessment is based
on earlier patterns of terror strikes in Europe, and U.S. intelligence.
Chertoff's department hasn't indicated that it plans to increase the
nation's color-coded terror alert system. Airlines are currently under orange,
the second most serious level on a five-point scale. The rest of the U.S.
remains a step below at yellow.
Chertoff is convinced that terrorists are regrouping. He says the U.S. has
an edge, though: "technology and the vigilance of the ordinary citizen."
The secretary is urging Americans to be watchful for suspicious activities
in the wake of recent terror incidents in England and Scotland.
(END) Dow Jones Newswires
and now after 3 years.......
DJ US Chertoff Has 'Gut Feeling' About Increased Risk For Terror
CHICAGO (AP)--U.S. Homeland Security Secretary Michael Chertoff has told the
editorial board of the Chicago Tribune he has a "gut feeling" about an
upcoming period of increased risk for terror attacks. His assessment is based
on earlier patterns of terror strikes in Europe, and U.S. intelligence.
Chertoff's department hasn't indicated that it plans to increase the
nation's color-coded terror alert system. Airlines are currently under orange,
the second most serious level on a five-point scale. The rest of the U.S.
remains a step below at yellow.
Chertoff is convinced that terrorists are regrouping. He says the U.S. has
an edge, though: "technology and the vigilance of the ordinary citizen."
The secretary is urging Americans to be watchful for suspicious activities
in the wake of recent terror incidents in England and Scotland.
(END) Dow Jones Newswires
Picked up 10 July BIDU 190 put at 1.95....
DJ Fed Accepts $4.5 Bln In 6-Day RPs
Type of transaction: 6-Day RPs
Total accepted: $4.5 Bln
Total submitted: $40.45 Bln
Agency Collateral Operation
Total accepted: $313 Mln
Total submitted: $10.75 Bln
Stop-Out Rate: 5.23%
Weighted Average: 5.23%
High-rate submitted: 5.23%
Low-rate submitted: 5.16%
Treasury Collateral Operation
Total accepted: $4.187 Bln
Total submitted: $21.7 Bln
Stop-Out Rate: 5.12%
Weighted Average: 5.13%
High-rate submitted: 5.15%
Low-rate submitted: 5.03%
Mortgage-Backed Collateral Operations
Total accepted: None
Total submitted: $8 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 5.23%
Low-rate submitted: 5.21%
(Data was provided by the New York Federal Reserve Bank).
Type of transaction: 6-Day RPs
Total accepted: $4.5 Bln
Total submitted: $40.45 Bln
Agency Collateral Operation
Total accepted: $313 Mln
Total submitted: $10.75 Bln
Stop-Out Rate: 5.23%
Weighted Average: 5.23%
High-rate submitted: 5.23%
Low-rate submitted: 5.16%
Treasury Collateral Operation
Total accepted: $4.187 Bln
Total submitted: $21.7 Bln
Stop-Out Rate: 5.12%
Weighted Average: 5.13%
High-rate submitted: 5.15%
Low-rate submitted: 5.03%
Mortgage-Backed Collateral Operations
Total accepted: None
Total submitted: $8 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 5.23%
Low-rate submitted: 5.21%
(Data was provided by the New York Federal Reserve Bank).
QUOTE(potatohead @ Jul 11 2007, 08:57 AM)
If my theory is correct a market drop will be blamed on an event (political or terrorist) instead of simple internal weakness. I have been thinking this for 3 years.
and now after 3 years.......
DJ US Chertoff Has 'Gut Feeling' About Increased Risk For Terror
CHICAGO (AP)--U.S. Homeland Security Secretary Michael Chertoff has told the
editorial board of the Chicago Tribune he has a "gut feeling" about an
upcoming period of increased risk for terror attacks. His assessment is based
on earlier patterns of terror strikes in Europe, and U.S. intelligence.
Chertoff's department hasn't indicated that it plans to increase the
nation's color-coded terror alert system. Airlines are currently under orange,
the second most serious level on a five-point scale. The rest of the U.S.
remains a step below at yellow.
Chertoff is convinced that terrorists are regrouping. He says the U.S. has
an edge, though: "technology and the vigilance of the ordinary citizen."
The secretary is urging Americans to be watchful for suspicious activities
in the wake of recent terror incidents in England and Scotland.
(END) Dow Jones Newswires
and now after 3 years.......
DJ US Chertoff Has 'Gut Feeling' About Increased Risk For Terror
CHICAGO (AP)--U.S. Homeland Security Secretary Michael Chertoff has told the
editorial board of the Chicago Tribune he has a "gut feeling" about an
upcoming period of increased risk for terror attacks. His assessment is based
on earlier patterns of terror strikes in Europe, and U.S. intelligence.
Chertoff's department hasn't indicated that it plans to increase the
nation's color-coded terror alert system. Airlines are currently under orange,
the second most serious level on a five-point scale. The rest of the U.S.
remains a step below at yellow.
Chertoff is convinced that terrorists are regrouping. He says the U.S. has
an edge, though: "technology and the vigilance of the ordinary citizen."
The secretary is urging Americans to be watchful for suspicious activities
in the wake of recent terror incidents in England and Scotland.
(END) Dow Jones Newswires
The summer leading up to 9/11 was a time of very weak corporate earnings and a falling dollar though the fall was from a very high point. It seems to me that the terrorists like to hit during times of perceived weakness as a demoralizing tactic.
QUOTE(I_Am_Madness @ Jul 11 2007, 08:31 AM)
Picked up 10 July BIDU 190 put at 1.95....
Looking good..
BIDU just closed this morning's 4 dollar gap up.
My puts just printed 2.60.
Regarding the discussion last night on jobs: my view is probably biased as I live in a state with a 3.9% unemployment rate and lots of help-wanted signs for retail establishments. And I see healthy hiring in tech.
Shorty's assertion that we only make alcoholic refreshments and adult entertainment products strikes me as rather crude.
I spoke had lunch with a mutual fund manager that's working in NYC these days making megabucks and he was about 15 years younger than me and
I was a bit perturbed by a reorganization. His recommendation to me was to do what you love to do rather than doing something that you don't love and feeling unhappy for the rest of your life.
This guy was incredibly optimistic on the US and on life in general. He saw opportunities for companies making products and for people to make money in the markets and he did a pretty good job running his mutual fund the last time I looked.
Downturns are not fun and we've lived through a few of them but there are opportunities out there; maybe not in your location; but it takes a lot of effort to make big changes in your life that can result in big improvements. I do see people doing these sorts of things in their lives. I guess the majority just plods through life but I think that the folks on this board are a bit better in actively working to improve themselves and their lots in life.
Shorty's assertion that we only make alcoholic refreshments and adult entertainment products strikes me as rather crude.
I spoke had lunch with a mutual fund manager that's working in NYC these days making megabucks and he was about 15 years younger than me and
I was a bit perturbed by a reorganization. His recommendation to me was to do what you love to do rather than doing something that you don't love and feeling unhappy for the rest of your life.
This guy was incredibly optimistic on the US and on life in general. He saw opportunities for companies making products and for people to make money in the markets and he did a pretty good job running his mutual fund the last time I looked.
Downturns are not fun and we've lived through a few of them but there are opportunities out there; maybe not in your location; but it takes a lot of effort to make big changes in your life that can result in big improvements. I do see people doing these sorts of things in their lives. I guess the majority just plods through life but I think that the folks on this board are a bit better in actively working to improve themselves and their lots in life.
Mad, NYX at 80
madness.. thanks for the 'MAD' money i made on NYX. nice one. up over 2 this AM. sold those calls for 100% gain.
XHB inches away from a big breakdown. 
QUOTE(I_Am_Madness @ Jul 11 2007, 08:53 AM)
QUOTE(I_Am_Madness @ Jul 11 2007, 08:31 AM)
Picked up 10 July BIDU 190 put at 1.95....
Looking good..
BIDU just closed this morning's 4 dollar gap up.
My puts just printed 2.60.
Out at 3.2
WOHOOO!!!
QUOTE(Phil Late Show @ Jul 11 2007, 08:55 AM)
Mad, NYX at 80
I'm selling here...
QUOTE(mmoy @ Jul 11 2007, 08:55 AM)
Regarding the discussion last night on jobs: my view is probably biased as I live in a state with a 3.9% unemployment rate and lots of help-wanted signs for retail establishments. And I see healthy hiring in tech.
Shorty's assertion that we only make alcoholic refreshments and adult entertainment products strikes me as rather crude.
I spoke had lunch with a mutual fund manager that's working in NYC these days making megabucks and he was about 15 years younger than me and
I was a bit perturbed by a reorganization. His recommendation to me was to do what you love to do rather than doing something that you don't love and feeling unhappy for the rest of your life.
This guy was incredibly optimistic on the US and on life in general. He saw opportunities for companies making products and for people to make money in the markets and he did a pretty good job running his mutual fund the last time I looked.
Downturns are not fun and we've lived through a few of them but there are opportunities out there; maybe not in your location; but it takes a lot of effort to make big changes in your life that can result in big improvements. I do see people doing these sorts of things in their lives. I guess the majority just plods through life but I think that the folks on this board are a bit better in actively working to improve themselves and their lots in life.
Shorty's assertion that we only make alcoholic refreshments and adult entertainment products strikes me as rather crude.
I spoke had lunch with a mutual fund manager that's working in NYC these days making megabucks and he was about 15 years younger than me and
I was a bit perturbed by a reorganization. His recommendation to me was to do what you love to do rather than doing something that you don't love and feeling unhappy for the rest of your life.
This guy was incredibly optimistic on the US and on life in general. He saw opportunities for companies making products and for people to make money in the markets and he did a pretty good job running his mutual fund the last time I looked.
Downturns are not fun and we've lived through a few of them but there are opportunities out there; maybe not in your location; but it takes a lot of effort to make big changes in your life that can result in big improvements. I do see people doing these sorts of things in their lives. I guess the majority just plods through life but I think that the folks on this board are a bit better in actively working to improve themselves and their lots in life.
I am sure the rich mutual fund manager thinks everything is wonderful. If he was in the shoes of a lot of the people I see, most of them women in their fifties and sixties with a low paying job and no pension things don't look as rosy.
QUOTE(try2win @ Jul 11 2007, 08:58 AM)
madness.. thanks for the 'MAD' money i made on NYX. nice one. up over 2 this AM. sold those calls for 100% gain.
Out at 80.02...
Posted this late last night...
Didn't get a chance to enter any put positions yet...
Didn't get a chance to enter any put positions yet...
QUOTE(mmoy @ Jul 11 2007, 09:45 AM)
QUOTE(potatohead @ Jul 11 2007, 08:57 AM)
If my theory is correct a market drop will be blamed on an event (political or terrorist) instead of simple internal weakness. I have been thinking this for 3 years.
and now after 3 years.......
DJ US Chertoff Has 'Gut Feeling' About Increased Risk For Terror
CHICAGO (AP)--U.S. Homeland Security Secretary Michael Chertoff has told the
editorial board of the Chicago Tribune he has a "gut feeling" about an
upcoming period of increased risk for terror attacks. His assessment is based
on earlier patterns of terror strikes in Europe, and U.S. intelligence.
Chertoff's department hasn't indicated that it plans to increase the
nation's color-coded terror alert system. Airlines are currently under orange,
the second most serious level on a five-point scale. The rest of the U.S.
remains a step below at yellow.
Chertoff is convinced that terrorists are regrouping. He says the U.S. has
an edge, though: "technology and the vigilance of the ordinary citizen."
The secretary is urging Americans to be watchful for suspicious activities
in the wake of recent terror incidents in England and Scotland.
(END) Dow Jones Newswires
and now after 3 years.......
DJ US Chertoff Has 'Gut Feeling' About Increased Risk For Terror
CHICAGO (AP)--U.S. Homeland Security Secretary Michael Chertoff has told the
editorial board of the Chicago Tribune he has a "gut feeling" about an
upcoming period of increased risk for terror attacks. His assessment is based
on earlier patterns of terror strikes in Europe, and U.S. intelligence.
Chertoff's department hasn't indicated that it plans to increase the
nation's color-coded terror alert system. Airlines are currently under orange,
the second most serious level on a five-point scale. The rest of the U.S.
remains a step below at yellow.
Chertoff is convinced that terrorists are regrouping. He says the U.S. has
an edge, though: "technology and the vigilance of the ordinary citizen."
The secretary is urging Americans to be watchful for suspicious activities
in the wake of recent terror incidents in England and Scotland.
(END) Dow Jones Newswires
The summer leading up to 9/11 was a time of very weak corporate earnings and a falling dollar though the fall was from a very high point. It seems to me that the terrorists like to hit during times of perceived weakness as a demoralizing tactic.
The event was planned for that specific date years in advance because of its symbolism.
Financials still weak...
GS red..
BSC red..
LEH red..
Dow up...
Oh the HORROR!
GS red..
BSC red..
LEH red..
Dow up...
Oh the HORROR!
QUOTE(mmoy @ Jul 11 2007, 09:55 AM)
Regarding the discussion last night on jobs: my view is probably biased as I live in a state with a 3.9% unemployment rate and lots of help-wanted signs for retail establishments. And I see healthy hiring in tech.
Shorty's assertion that we only make alcoholic refreshments and adult entertainment products strikes me as rather crude.
I spoke had lunch with a mutual fund manager that's working in NYC these days making megabucks and he was about 15 years younger than me and
I was a bit perturbed by a reorganization. His recommendation to me was to do what you love to do rather than doing something that you don't love and feeling unhappy for the rest of your life.
This guy was incredibly optimistic on the US and on life in general. He saw opportunities for companies making products and for people to make money in the markets and he did a pretty good job running his mutual fund the last time I looked.
Downturns are not fun and we've lived through a few of them but there are opportunities out there; maybe not in your location; but it takes a lot of effort to make big changes in your life that can result in big improvements. I do see people doing these sorts of things in their lives. I guess the majority just plods through life but I think that the folks on this board are a bit better in actively working to improve themselves and their lots in life.
Shorty's assertion that we only make alcoholic refreshments and adult entertainment products strikes me as rather crude.
I spoke had lunch with a mutual fund manager that's working in NYC these days making megabucks and he was about 15 years younger than me and
I was a bit perturbed by a reorganization. His recommendation to me was to do what you love to do rather than doing something that you don't love and feeling unhappy for the rest of your life.
This guy was incredibly optimistic on the US and on life in general. He saw opportunities for companies making products and for people to make money in the markets and he did a pretty good job running his mutual fund the last time I looked.
Downturns are not fun and we've lived through a few of them but there are opportunities out there; maybe not in your location; but it takes a lot of effort to make big changes in your life that can result in big improvements. I do see people doing these sorts of things in their lives. I guess the majority just plods through life but I think that the folks on this board are a bit better in actively working to improve themselves and their lots in life.
That's Russ Winter's Bully America. Try talking to the 90% Brazil Americans, the ones who used to have the good factory jobs and now work at WalMart. Their lot is essentially hopeless.
PFE looks dongable here.
QUOTE(I_Am_Madness @ Jul 11 2007, 09:12 AM)
Financials still weak...
GS red..
BSC red..
LEH red..
Dow up...
Oh the HORROR!
GS red..
BSC red..
LEH red..
Dow up...
Oh the HORROR!
may be some good trades in there... but not yet.
Or talk to one of the millions of folks with modest incomes whose parent has Alzheimers Disease and whose cost of care will exhaust their parents live savings in the not too distant future.
Ask them if they see a golden future. Yes, there are options, and all of them are lousy. The middle class in the US has no safety net when things go wrong. Too many people face financial ruin simply due to misfortune or the vicissitudes of health.
This doesn't happen in most enlightened industrialized countries.
Ask them if they see a golden future. Yes, there are options, and all of them are lousy. The middle class in the US has no safety net when things go wrong. Too many people face financial ruin simply due to misfortune or the vicissitudes of health.
This doesn't happen in most enlightened industrialized countries.
QUOTE(I_Am_Madness @ Jul 11 2007, 10:03 AM)
QUOTE(I_Am_Madness @ Jul 11 2007, 08:53 AM)
QUOTE(I_Am_Madness @ Jul 11 2007, 08:31 AM)
Picked up 10 July BIDU 190 put at 1.95....
Looking good..
BIDU just closed this morning's 4 dollar gap up.
My puts just printed 2.60.
Out at 3.2
WOHOOO!!!
Congrats to both of you. Nice trades.
WSJA: China's Forex Reserves Continue To Soar In 2Q
By Andrew Batson
Of THE WALL STREET JOURNAL ASIA
BEIJING (Dow Jones)--China has continued its recent record-breaking run and
added another $130.59 billion to its stash of official foreign-exchange
reserves in just three months, though the unusual multibillion-dollar
transactions thought to have boosted those holdings showed signs of tapering
off.
Separately, China's statistics bureau said the nation's economy grew even
faster in 2006 than previously thought, with revised figures showing gross
domestic product expanded 11.1% for the year, rather than the 10.7% initially
calculated.
By Andrew Batson
Of THE WALL STREET JOURNAL ASIA
BEIJING (Dow Jones)--China has continued its recent record-breaking run and
added another $130.59 billion to its stash of official foreign-exchange
reserves in just three months, though the unusual multibillion-dollar
transactions thought to have boosted those holdings showed signs of tapering
off.
Separately, China's statistics bureau said the nation's economy grew even
faster in 2006 than previously thought, with revised figures showing gross
domestic product expanded 11.1% for the year, rather than the 10.7% initially
calculated.
im going to get long ERTS....
like the chart and the expo starts this week.
like the chart and the expo starts this week.
QUOTE(try2win @ Jul 11 2007, 09:28 AM)
im going to get long ERTS....
like the chart and the expo starts this week.
like the chart and the expo starts this week.
Looks like a failed W formation.
QUOTE(DrStool @ Jul 11 2007, 10:14 AM)
QUOTE(mmoy @ Jul 11 2007, 09:55 AM)
Regarding the discussion last night on jobs: my view is probably biased as I live in a state with a 3.9% unemployment rate and lots of help-wanted signs for retail establishments. And I see healthy hiring in tech.
Shorty's assertion that we only make alcoholic refreshments and adult entertainment products strikes me as rather crude.
I spoke had lunch with a mutual fund manager that's working in NYC these days making megabucks and he was about 15 years younger than me and
I was a bit perturbed by a reorganization. His recommendation to me was to do what you love to do rather than doing something that you don't love and feeling unhappy for the rest of your life.
This guy was incredibly optimistic on the US and on life in general. He saw opportunities for companies making products and for people to make money in the markets and he did a pretty good job running his mutual fund the last time I looked.
Downturns are not fun and we've lived through a few of them but there are opportunities out there; maybe not in your location; but it takes a lot of effort to make big changes in your life that can result in big improvements. I do see people doing these sorts of things in their lives. I guess the majority just plods through life but I think that the folks on this board are a bit better in actively working to improve themselves and their lots in life.
Shorty's assertion that we only make alcoholic refreshments and adult entertainment products strikes me as rather crude.
I spoke had lunch with a mutual fund manager that's working in NYC these days making megabucks and he was about 15 years younger than me and
I was a bit perturbed by a reorganization. His recommendation to me was to do what you love to do rather than doing something that you don't love and feeling unhappy for the rest of your life.
This guy was incredibly optimistic on the US and on life in general. He saw opportunities for companies making products and for people to make money in the markets and he did a pretty good job running his mutual fund the last time I looked.
Downturns are not fun and we've lived through a few of them but there are opportunities out there; maybe not in your location; but it takes a lot of effort to make big changes in your life that can result in big improvements. I do see people doing these sorts of things in their lives. I guess the majority just plods through life but I think that the folks on this board are a bit better in actively working to improve themselves and their lots in life.
That's Russ Winter's Bully America. Try talking to the 90% Brazil Americans, the ones who used to have the good factory jobs and now work at WalMart. Their lot is essentially hopeless.
When I spoke to that mutual fund manager, that's the way I felt. We were going with outsourcing full steam ahead and things did not look so good. It was unclear how employees over here would be treated and what kind of work would be available. It turned out that they treated us well and provided us with interesting work.
Lots of small startups in my area that seem to be doing well and their business, along with the established tech companies, provide a lot of ancillary jobs to support them. And we've had an influx of Brazil Americans. The real kind from Brazil. They have caused some problems in the city where I work in terms of a strain on public services but the city is managing to absorb the new people.
I've been reading of the success stories of high-school graduates in the local newspaper in where people are going on to for the next stage of their lives. I think that it must be pretty exciting for the kids headed for broadway, community colleges and universities.
I personally don't like the opinion that one's life is hopeless. I've certainly had my set of ups and downs though I don't think that my downs could compare with those of Steve Jobs. On the other hand, the ups don't either in terms of material wealth. But I do take pride in a lot of accomplishments along the way. You do the best you can and little victories give you hope.
http://news-service.stanford.edu/news/2005...rad-061505.html
I have a bunch of hobbies that have been put on hold due to raising kids and these
things are unique or near unique in the world. I do them because they benefit tens
of millions of people and my work is without charge. I spent a little time on that stuff
last night and started to show my son how to do it as I expect him to take over some
of the stuff that I started.
I visited China back in the early 1980s for three weeks as a tourist. We visited eight or nine cities. The workers there made $30/month. One thing that struck me was how optimistic the people were there. Their economy was rising albeit very, very slowly and many of the benefits did not reach the average person. We visited some small cities too where the locals had never seen a black person. The people there wanted to know who was number one in various areas: the United States, Japan, etc. From my perspective, it really didn't matter. We were good or best at some things and not at others.
So at that time, I realized that it wasn't your station in life that determined your outlook (hopeless vs optimistic) but in which direction your life was headed, even if the rate of change was very, very small.
If you had a lot and lose it, then that is painful. If you never had a lot and get a little more over time, then you can be optimistic, happy, hopeful. For a long period of time. Apparently this has been lost on our politicians.
QUOTE(DrStool @ Jul 11 2007, 09:14 AM)
QUOTE(mmoy @ Jul 11 2007, 09:55 AM)
Regarding the discussion last night on jobs: my view is probably biased as I live in a state with a 3.9% unemployment rate and lots of help-wanted signs for retail establishments. And I see healthy hiring in tech.
Shorty's assertion that we only make alcoholic refreshments and adult entertainment products strikes me as rather crude.
I spoke had lunch with a mutual fund manager that's working in NYC these days making megabucks and he was about 15 years younger than me and
I was a bit perturbed by a reorganization. His recommendation to me was to do what you love to do rather than doing something that you don't love and feeling unhappy for the rest of your life.
This guy was incredibly optimistic on the US and on life in general. He saw opportunities for companies making products and for people to make money in the markets and he did a pretty good job running his mutual fund the last time I looked.
Downturns are not fun and we've lived through a few of them but there are opportunities out there; maybe not in your location; but it takes a lot of effort to make big changes in your life that can result in big improvements. I do see people doing these sorts of things in their lives. I guess the majority just plods through life but I think that the folks on this board are a bit better in actively working to improve themselves and their lots in life.
Shorty's assertion that we only make alcoholic refreshments and adult entertainment products strikes me as rather crude.
I spoke had lunch with a mutual fund manager that's working in NYC these days making megabucks and he was about 15 years younger than me and
I was a bit perturbed by a reorganization. His recommendation to me was to do what you love to do rather than doing something that you don't love and feeling unhappy for the rest of your life.
This guy was incredibly optimistic on the US and on life in general. He saw opportunities for companies making products and for people to make money in the markets and he did a pretty good job running his mutual fund the last time I looked.
Downturns are not fun and we've lived through a few of them but there are opportunities out there; maybe not in your location; but it takes a lot of effort to make big changes in your life that can result in big improvements. I do see people doing these sorts of things in their lives. I guess the majority just plods through life but I think that the folks on this board are a bit better in actively working to improve themselves and their lots in life.
That's Russ Winter's Bully America. Try talking to the 90% Brazil Americans, the ones who used to have the good factory jobs and now work at WalMart. Their lot is essentially hopeless.
In America the idea that life is a failure if you cannot afford a lifestyle based on excess spending which reguires factory workers to be paid on a level so that they can be large scale consumers of boats, SUV's, living in inefficient and oversized homes, using large amounts of expensive gasoline as a daily lifestyle may have run it course. The price of Oil today and probably the coming years is saying to Brazil Americans and the Rich alike to get out of your car and off your ass.
QUOTE(DrStool @ Jul 11 2007, 10:20 AM)
Or talk to one of the millions of folks with modest incomes whose parent has Alzheimers Disease and whose cost of care will exhaust their parents live savings in the not too distant future.
Ask them if they see a golden future. Yes, there are options, and all of them are lousy. The middle class in the US has no safety net when things go wrong. Too many people face financial ruin simply due to misfortune or the vicissitudes of health.
This doesn't happen in most enlightened industrialized countries.
Ask them if they see a golden future. Yes, there are options, and all of them are lousy. The middle class in the US has no safety net when things go wrong. Too many people face financial ruin simply due to misfortune or the vicissitudes of health.
This doesn't happen in most enlightened industrialized countries.
I've had to deal with two generations of schizophrenia. I talk to parents with multiple autistic children or serious learning disabilities or difficult mental health problems. This sort of thing isn't that uncommon if you talk to enough parents over childcare issues.
A lot of these parents and adult children do their best to work through their problems
without a doom and gloom attitude. Sometimes it's your duty, sometimes it's hard to
be optimistic, sometimes you just worry about the futures for your children. But you
have a choice in what your attitude and outlook in life is.
QUOTE(lineup32 @ Jul 11 2007, 10:43 AM)
QUOTE(DrStool @ Jul 11 2007, 09:14 AM)
QUOTE(mmoy @ Jul 11 2007, 09:55 AM)
Regarding the discussion last night on jobs: my view is probably biased as I live in a state with a 3.9% unemployment rate and lots of help-wanted signs for retail establishments. And I see healthy hiring in tech.
Shorty's assertion that we only make alcoholic refreshments and adult entertainment products strikes me as rather crude.
I spoke had lunch with a mutual fund manager that's working in NYC these days making megabucks and he was about 15 years younger than me and
I was a bit perturbed by a reorganization. His recommendation to me was to do what you love to do rather than doing something that you don't love and feeling unhappy for the rest of your life.
This guy was incredibly optimistic on the US and on life in general. He saw opportunities for companies making products and for people to make money in the markets and he did a pretty good job running his mutual fund the last time I looked.
Downturns are not fun and we've lived through a few of them but there are opportunities out there; maybe not in your location; but it takes a lot of effort to make big changes in your life that can result in big improvements. I do see people doing these sorts of things in their lives. I guess the majority just plods through life but I think that the folks on this board are a bit better in actively working to improve themselves and their lots in life.
Shorty's assertion that we only make alcoholic refreshments and adult entertainment products strikes me as rather crude.
I spoke had lunch with a mutual fund manager that's working in NYC these days making megabucks and he was about 15 years younger than me and
I was a bit perturbed by a reorganization. His recommendation to me was to do what you love to do rather than doing something that you don't love and feeling unhappy for the rest of your life.
This guy was incredibly optimistic on the US and on life in general. He saw opportunities for companies making products and for people to make money in the markets and he did a pretty good job running his mutual fund the last time I looked.
Downturns are not fun and we've lived through a few of them but there are opportunities out there; maybe not in your location; but it takes a lot of effort to make big changes in your life that can result in big improvements. I do see people doing these sorts of things in their lives. I guess the majority just plods through life but I think that the folks on this board are a bit better in actively working to improve themselves and their lots in life.
That's Russ Winter's Bully America. Try talking to the 90% Brazil Americans, the ones who used to have the good factory jobs and now work at WalMart. Their lot is essentially hopeless.
In America the idea that life is a failure if you cannot afford a lifestyle based on excess spending which reguires factory workers to be paid on a level so that they can be large scale consumers of boats, SUV's, living in inefficient and oversized homes, using large amounts of expensive gasoline as a daily lifestyle may have run it course. The price of Oil today and probably the coming years is saying to Brazil Americans and the Rich alike to get out of your car and off your ass.
But while the city and state of Kentucky fervently protect and promote the region's strong agricultural and horse-country identity, they also are making attempts to keep pace with economic trends. In the decade covering 1995 through 2005, Lexington has emerged as one of a handful of leading American cities in economic growth. Entrepreneur magazine recently named the city one of the top five in the southeast for small-business start-ups. Forbes magazine recognized Lexington as the 14th best place for business and careers in 2003; in 2004 the magazine named Lexington as the 9th best place in America for business. This reflects a concerted effort to diversify the area's economy toward more manufacturing and high-technology ventures. More than 100 major companies have located headquarters or facilities in Lexington. Toyota's multimillion-dollar assembly plant just north of Lexington employs close to 7,500 workers. Lexmark International, a Fortune 500 company, is the city's largest employer (6,784 people).
More than two dozen national organizations—medical, research, scholarly and business—make Lexington their home base. Industry analysts forecast continued progress for Lexington, targeting the area for both population growth and economic development into the 21st century. They predict particular strides in the areas of finance, insurance, and real estate, while community leaders continue to encourage the growth of high technology industries and planning marketing strategies to capitalize on tourism.
Items and goods produced: Paper products, air conditioning heating equipment, electric typewriters and computer printers, metal products, bourbon whiskey, industrial valves, peanut butter, furniture, feed, tobacco products, equine-related products, automobiles, construction equipment
http://www.city-data.com/us-cities/The-Sou...on-Economy.html
It appears that US manufacturing still has a healthy heartbeat in some areas.
At whose expense? Take a ride through upstate New York some time. Or Ohio, or Michigan.
A massive government giveaway in Palm Beach County at the expense of taxpayers helped attract Scripps Biotech to the county. The question is, who were the real winners.
If the dollar gets low enough, and wages in developing countries rise enough, eventually we will begin to see some equalization. It's already happening with high skilled tech outsourcing. Many of those jobs are coming back onshore. Eventually it will happen with lower skilled lower paid occupations, but it's going to take a long time.
The Dollar Index will probably need to drop to 60 or even 50 before the cost of imports becomes so high that it will pay to manufacture at home in the US, and corporations begin moving some jobs back. Clearly, the yen will need to appreciate too for that to happen.
Looks like i sold early.
Just took out the 50 and downtrend.
Just took out the 50 and downtrend.
QUOTE(DrStool @ Jul 11 2007, 11:08 AM)
At whose expense? Take a ride through upstate New York some time. Or Ohio, or Michigan.
It is quite possible to price yourself out of the market and that's what the big three automakers and their unions did. Salaries and benefits were much higher at GM than
they are at a Toyota plant but from what I can see, the Toyota works very hard at
keeping their employees happy.
Happiness doesn't necessarily mean a huge salary, pension and generous current benefits. And it doesn't necessarily mean that you have to have the kind of adversarial
relationship between labor and management that we've seen in some industries like the
automakers and airlines. The approach at the automakers seems to have been to get
as much as you can for as long as you can and don't care about anyone else as the
party will come to an end sooner or later.
That's opposed to a long-term outlook to build a business, keep a stream of products
and projects coming for many years, improving quality and design and ensuring that
your staff stays around to provide wisdom, guidance and experience for the younger
workers.
No argument there. American corporations are always focused on the next quarter's results, while Toyota focuses on the next decade and next generation.
This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here.