http://finance.yahoo.com/intlindices

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










http://www.kitco.com

Energy futures

Currencies/Au/Ag

Up so far but looking a bit uncertain. All Ords +0.3% and Property Trusts is the only sector with any mileage, +1.3%. Healthcare is down the most, -1.1% with other sectors showing small gains or losses.

Not a lot happening with the big miners: BHP +0.7%, RIO +0.5%. Golds are well down, Newcrest -1.8%, Newmont -2.7% and Lihir -1.8%.

Oils on a downer: Woodside -0.4%, Santos -2.2% and Lihir -1.8%.

Nothing much changed from the morning post. All Ords did a sideways move closing +0.1%. Property Trusts retained the lead, +1.8% and Healthcare stayed at the lower end, -1.3%.

The big miners wallowed around: BHP +0.5%, RIO +1.2%. Golds continued sideways after their initial drop: Newcrest -1.8%, Newmont -2.4% and Lihir -1%. Juniors mixed.

Not much joy on the oils: Woodside -1%, Santos -2.7% and Caltex +0.4%.

Asia mixed with relatively small moves: Nikkers -0.2%, Honkers +0.9% and Singers +1.1%.

Over to UK/Europe:







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

South Korean Exports Rise to Record on Mobile Phones

Dec. 3 (Bloomberg) -- South Korean exports climbed to a record in November as machinery and mobile phone sales to China and the Middle East made up for slowing shipments to the U.S.

Exports climbed 17.5 percent from a year ago to a record $36 billion, the Commerce Ministry said today in Gwacheon, more than the 12.6 percent median forecast of nine economists surveyed by Bloomberg News. Figures for September and October, which were distorted by a holiday, showed an average gain of 11 percent.

----------

Japan's Capital Spending Falls for Second Quarter

Dec. 3 (Bloomberg) -- Japan's companies cut spending for a second quarter as the U.S. housing recession dims the outlook for global economic growth.

Capital spending fell 1.2 percent in the three months ended Sept. 30 after a 4.9 percent drop in the previous period, the Finance Ministry said in Tokyo today. The decline was less than the 2.5 percent median estimate of eight economists surveyed.

Profit at the 24,000 companies surveyed fell for the first time in five years, giving them less cash to invest in equipment and personnel in coming months. Wages failed to rise in October, the government said today, a sign domestic consumers may be unable to pick up the slack left by falling exports to the U.S., Japan's biggest overseas market.

Australian Company Profits Unexpectedly Drop 2.1%

Dec. 3 (Bloomberg) -- Australian company profits unexpectedly declined in the third quarter for the first time in more than two years as earnings at mining and manufacturing companies fell.

Gross operating profits dropped 2.1 percent from the second quarter, the Bureau of Statistics said in Sydney today. That compared the median estimate of a 2 percent increase in a Bloomberg News survey of 25 economists.

Drought slashed the nation's last wheat harvest to a 12-year low, reducing supplies for export. AWB Ltd., Australia's largest wheat exporter, said in November that profit plunged 53 percent in the year ended Sept. 30.

O.K. Everyone...

Let's talk about this morning's plan of battle...

I personally am sitting on a bunch of index puts...

If the market opens UP or GAPS UP I'll be looking for the proper entry points to increase my position at better prices...

I stay flexible in my planning, a lot depends how things look pre-market, and how the day's trading progresses.

I think we MAY have seen a bear market rally spike, and expect a steep decline to resume soon (eventually at some point, should the market bounce a bit higher).

As K Wave Rider often says, any price spikes should be viewed as reloading opportunities...

a gift from the gods.

IMHO, the financial credit market situation is deteriorating at an accelerating pace, and problems will overwhelm the powers that be.

The much-touted Paulson led rescue plan is a dog and pony show for the public's consumption. But, I can't see how it will accomplish anything more than outrage responsible citizens, who struggle everyday to meet their obligations.

Keeping the markets levitated now will require major Mo-Jo.

I think the odds are against it. Then again, I may be wrong...

But in any event, I'll remain flexible to new developments.

Warren Buffet wants and gets MORE than 11% to help bail out C, JPM, GS, and LEH

He's buying 2 Billion worth of TXU bonds at a discount, thus "freeing up capital" for the above-named companies, according to the article.

Good Morning!

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Many tanks for joining us!

Doc


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I'll see your -2.1% and raise (lower) you -.4%:
Operating profits fell 2.5 percent in the third quarter, the first drop in more than five years.

anyone want to short GS ... hmmm


good entry point here, would use the last bar as a stop.

ETFC down big in prehour.
Who those dip buyers are taken to the cleaner.

Last bar...

good stop....


I think I can remember that.

like i said on the day the original news broke. they are going out of biz or the stock is going to zero.

qqqq and spy selling off in the past 15 minutes dropping 3 day cycle indicators to sell side. 5 day have been on the sell side since early in the day on Friday.

qqqq 5 hr cycle projection 59.93

spy projecting 148.15- was just hit.

qqqq 5 day cycle projection 50.75

i think the market could steady itself if the selling in MSFT,GE and CSCO is over. watching those close.

Dow holding above 5 day cycle MA support at 13319, but stuck at the 3 day at 13361. That's the battle zone.

spx 3 day cycle MA 1478. 5 day 1472.

qqqq is below the declining 3 day cycle MA at 51.43. 5 day declining at 51.55. 5 hour cycle trying to turn up should challenge at least the 3 day cycle MA.

I just signed up for the next event in this year's financial X games. Donged ETFC under $4 at the open. And get this: using my ETrade account. How's that for adrenaline?

Anybody getting this Message from your Borker ???

Security Option Quotes are unavailable industry wide. Quotes may not be current. Please review your orders.

If Aussiebear flips her avatar, how are we going to tell?

Whats new......
DJ Fed Accepts $8.75 Bln In Overnight RPs

Type of transaction: Overnight RPs
Total accepted: $8.75 Bln
Total submitted: $75.35 Bln

Agency Collateral Operation
Total accepted: None
Total submitted: $25.7 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 4.7%
Low-rate submitted: 4.5%

Treasury Collateral Operation
Total accepted: $8.75 Bln
Total submitted: $32.65 Bln
Stop-Out Rate: 4.25%
Weighted Average: 4.25%
High-rate submitted: 4.28%
Low-rate submitted: 4.15%

Mortgage-Backed Collateral Operations
Total accepted: None
Total submitted: $17 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 4.7%
Low-rate submitted: 4.65%

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

Nope. What borker?

I would flip my avatar but then all of you perverts would be able to see up my shirt!

Please consider wearing the burqa.

i'm getting a similar message on think or swim

It looks like after sober consideration, maybe LEN's news isn't being considered such a good thing after all.

doing a podcast. wont' be able to comment for a half hour or so.

I am getting the following quote on one SPY contract bid 1.64 ask 656.92. LOL

Edit: fixed now

Through dialog ?

OptionsXpress

I did find a few options that had bizarre quotes. I think some are okay and some aren't.

How nice. A new way to screw traders when big moves are afoot. Don't crash the trading sites, just make it impossible to get a realistic price, so traders who are desperate to close option positions just guess and throw a trade in at any old price.

Anybody else having trouble connecting to Yahoo? (server down error message)

Yeah, and my beer would spill, my last one 'till I get back down the the freeway ramp with my sign and raise more capital. Plus I dislike these superstitious crusades, reminds me of the great loyalty oath crusade in Catch 22. See what you done, Suds?

if your bearish im holding QID so maybe fade me ... .lol

Daily chart on some of the homies I follow look like they wanta turn up so I took profit on my KBH short. Will have to get back in at some stage.

So what's happening? Everybody waiting for Hank in the box to speak and save us? Jimi had it right last nite. It's all hype to replace the last hype about a Super SIV.

It doesn't look like the bail out plan is helping CFC, down 7%@10.00

I have been getting that on Yahoo

yeah my UK broker is offline, no access at all, cannot even logon



(edit - it's just come back on)

Just flipped on the TV and Paulson's yapping on it.

I like when he looks down at his script - you get a nice view of his shiny scalp.

dow testing resistance at 13400. as projected, qqqq has rallied back to 5 day cycle MA at 51.51, with 8 day just above at 52.52. 3 and 5 day cycle indicators on the cusp of buy signals. Next half hour is critical.

Hank says:

"Help is just a phone call away"

Hank says:

"Those homoanerz who are currently meeting their mrotgouge payments don't need help..."

Want the government to help you with your mrotgouge?

Adopt a healthy "don't give a f*ck" attitude...

Quit your job...

Stop making your mrotgouge payments...

Call Hank and tell him you need help...

(Since after that expensive weekend in Vegas, you'll be a little short this month...)

spx pushing at the 3 day cycle Ma at 1478. downtrend line from Friday's open is at 1480. If they clear that next resistance is around 1484.

Tan Man on CNBS!

Well, he IS an expert so of course he's on CNBS. So what if his expertise is in being a lying cheating whorebag. Why quibble?