http://finance.yahoo.com/intlindices
Full Version: IDS World Markets Mon 25th February 08
Stool Pigeons Wire Message Board > Stock Market Message Board > Intraday Stool- Stock Market Short Term Trading
Up today although the pattern lately has been for a strong start and a weak finish. All Ords +1.2%, Financials and Consumer Staples out in front, both +2.2% and Utilities is the only red, -0.1%.
Miners not doing much at all: BHP -0.4%, RIO +0.7% and in the golds, Newcrest +0.9%, Newmont -0.7% and Lihir +1%. Juniors flat.
Oils similar: Woodside +0.3%, Santos -0.6% and Caltex +0.9%.
Obviously a slight glitch with the Yahoo charts...
All Ords managed to hang in, closing +1% although the action looks a bit like a rising wedge on the 5-day chart. Financials and Consumer Staples, both +2.6%, continued in the lead followed by Healthcare +2.2%. Utilities closed down the most, -1.4% with Property Trusts next, -1%.
Miners were mixed: BHP -1.7%, RIO -0.1% and in the golds, Newcrest +1.1%, Newmont -0.9% and Lihir flat. Juniors mixed.
Oils: Woodside +1.4%, Santos -3.1% and Caltex +2.6%.
Over in Asia, China -3%, India -0.8%, Honkers +0.2%, Nikkers +3.4%.
Over to UK/Europe:
http://finance.yahoo.com/intlindices?e=europe
Most Gulf Workers Plan to Quit as Inflation Soars, Survey Says
Feb. 24 (Bloomberg) -- Two thirds of workers in Gulf states including Saudi Arabia and the United Arab Emirates plan to change jobs this year as soaring living costs erode income, Arabian Business reported from its first regional salary survey.
In the U.A.E., 68 percent of workers are looking for another job, compared with 67 percent in Saudi Arabia, the Dubai-based magazine said in an e-mailed report today, citing data from a poll of 8,914 people across the Gulf Cooperation Council states.
About 32 percent of respondents said they want to change jobs to get a pay increase to meet the rising cost of food and rent, according to the report. Citizens of the Gulf states said lack of recognition at work is the main reason for them to seek new jobs.
GCC central banks are under pressure to change their pegs against the dollar as the U.S. currency declines, stoking inflation to record levels.
Feb. 24 (Bloomberg) -- Two thirds of workers in Gulf states including Saudi Arabia and the United Arab Emirates plan to change jobs this year as soaring living costs erode income, Arabian Business reported from its first regional salary survey.
In the U.A.E., 68 percent of workers are looking for another job, compared with 67 percent in Saudi Arabia, the Dubai-based magazine said in an e-mailed report today, citing data from a poll of 8,914 people across the Gulf Cooperation Council states.
About 32 percent of respondents said they want to change jobs to get a pay increase to meet the rising cost of food and rent, according to the report. Citizens of the Gulf states said lack of recognition at work is the main reason for them to seek new jobs.
GCC central banks are under pressure to change their pegs against the dollar as the U.S. currency declines, stoking inflation to record levels.
might be worth a nibble in the low 80s:
[attachmentid=95930]
[attachmentid=95930]
U.K. Hometrack House Prices Decline for a Fifth Month
Feb. 25 (Bloomberg) -- U.K. house prices dropped for a fifth month in February as banks curbed mortgages and buyers struggled to afford them, a report by Hometrack Ltd. showed.
The average cost of a home in England and Wales fell by 0.2 percent to 174,400 pounds ($343,000), the London-based research company said today. House prices increased an annual 1.4 percent, the least since April 2006.
Feb. 25 (Bloomberg) -- U.K. house prices dropped for a fifth month in February as banks curbed mortgages and buyers struggled to afford them, a report by Hometrack Ltd. showed.
The average cost of a home in England and Wales fell by 0.2 percent to 174,400 pounds ($343,000), the London-based research company said today. House prices increased an annual 1.4 percent, the least since April 2006.
Singapore Inflation Accelerates to Highest Since 1982
Feb. 25 (Bloomberg) -- Singapore's inflation accelerated in January at the fastest pace since 1982, increasing pressure on the central bank to allow its currency to appreciate further to damp rising import prices.
The consumer price index jumped 6.6 percent from a year earlier, after gaining 4.4 percent in December, the Department of Statistics said today. Economists had estimated a 5.6 percent increase. Prices rose 1.3 percent from December.
The Monetary Authority of Singapore this month increased its forecast for inflation in 2008, predicting consumer prices will gain at more than double last year's pace. The central bank has allowed the currency to climb to the strongest in 11 years amid government warnings there is a limit to the Singapore dollar's appreciation because it reduces competitiveness.
Feb. 25 (Bloomberg) -- Singapore's inflation accelerated in January at the fastest pace since 1982, increasing pressure on the central bank to allow its currency to appreciate further to damp rising import prices.
The consumer price index jumped 6.6 percent from a year earlier, after gaining 4.4 percent in December, the Department of Statistics said today. Economists had estimated a 5.6 percent increase. Prices rose 1.3 percent from December.
The Monetary Authority of Singapore this month increased its forecast for inflation in 2008, predicting consumer prices will gain at more than double last year's pace. The central bank has allowed the currency to climb to the strongest in 11 years amid government warnings there is a limit to the Singapore dollar's appreciation because it reduces competitiveness.
QUOTE(Charmin @ Feb 24 2008, 10:03 PM)
Seems odd to see Shank High down tonight
And I thought it was odd for the Spooz to close green on Friday because of a Crapvision spin.
Maybe Chinese markets aren't that manipulated after all... compared with western markits.
The close was just under Feb 1st low! We're back to Jul 07 prices on this bloated pig.
Joe3pack: I don't think you'll get the chance to buy FXP @ 80 for a long time.
Gold Fields May Cut 6,900 Jobs on Power Restrictions
Feb. 25 (Bloomberg) -- Gold Fields Ltd., Africa's second- biggest gold producer, will eliminate as many as 6,900 jobs, or 13 percent of its South African workforce, as the state-run utility fails to provide enough power for the company's mines.
The cuts are the first by a South African mining company since generator Eskom Holdings Ltd. said power shortages will last for four years. Gold Fields will close part of its operations at Driefontein, Africa's largest gold mine, and redesign its South Deep mine, the company said today.
Production may fall as much as 20 percent, at a time when gold prices have never been higher and growth in demand for the metal from money managers is accelerating.
Edit: West Australia desperate for mining personnel, maybe we'll see a few more Sth Africans here in the near future...
Feb. 25 (Bloomberg) -- Gold Fields Ltd., Africa's second- biggest gold producer, will eliminate as many as 6,900 jobs, or 13 percent of its South African workforce, as the state-run utility fails to provide enough power for the company's mines.
The cuts are the first by a South African mining company since generator Eskom Holdings Ltd. said power shortages will last for four years. Gold Fields will close part of its operations at Driefontein, Africa's largest gold mine, and redesign its South Deep mine, the company said today.
Production may fall as much as 20 percent, at a time when gold prices have never been higher and growth in demand for the metal from money managers is accelerating.
Edit: West Australia desperate for mining personnel, maybe we'll see a few more Sth Africans here in the near future...
A comment from that countryslide article:
"People would have to use our preffered lender or lose their up to $25,000 incentive. You would not believe some of the people that were approved for loans. We wonder why there are so many foreclosures, with debt to income ratios of 50/100 and qualifying for 3 & 5 year arms was funny. I couldn't sleep at night any longer and left the business!"
http://www.rockymountainnews.com/news/2008...t-ritz-in-avon/
I bet Tangelo isn't losing any sleep over his Countryside Loot.
"People would have to use our preffered lender or lose their up to $25,000 incentive. You would not believe some of the people that were approved for loans. We wonder why there are so many foreclosures, with debt to income ratios of 50/100 and qualifying for 3 & 5 year arms was funny. I couldn't sleep at night any longer and left the business!"
http://www.rockymountainnews.com/news/2008...t-ritz-in-avon/
I bet Tangelo isn't losing any sleep over his Countryside Loot.
Will S&P break out of the triangle formation today?
QUOTE(DrStool @ Feb 25 2008, 08:40 AM)
Doc, I apologize, I was playing with creating a poll but it was created it as a separate topic. Please delete it if you care and tell how to create a poll inside current topic.
Thank you
QUOTE(aussiebear @ Feb 25 2008, 12:52 AM)
Most Gulf Workers Plan to Quit as Inflation Soars, Survey Says
Feb. 24 (Bloomberg) -- Two thirds of workers in Gulf states including Saudi Arabia and the United Arab Emirates plan to change jobs this year as soaring living costs erode income, Arabian Business reported from its first regional salary survey.
In the U.A.E., 68 percent of workers are looking for another job, compared with 67 percent in Saudi Arabia, the Dubai-based magazine said in an e-mailed report today, citing data from a poll of 8,914 people across the Gulf Cooperation Council states.
About 32 percent of respondents said they want to change jobs to get a pay increase to meet the rising cost of food and rent, according to the report. Citizens of the Gulf states said lack of recognition at work is the main reason for them to seek new jobs.
GCC central banks are under pressure to change their pegs against the dollar as the U.S. currency declines, stoking inflation to record levels.
Feb. 24 (Bloomberg) -- Two thirds of workers in Gulf states including Saudi Arabia and the United Arab Emirates plan to change jobs this year as soaring living costs erode income, Arabian Business reported from its first regional salary survey.
In the U.A.E., 68 percent of workers are looking for another job, compared with 67 percent in Saudi Arabia, the Dubai-based magazine said in an e-mailed report today, citing data from a poll of 8,914 people across the Gulf Cooperation Council states.
About 32 percent of respondents said they want to change jobs to get a pay increase to meet the rising cost of food and rent, according to the report. Citizens of the Gulf states said lack of recognition at work is the main reason for them to seek new jobs.
GCC central banks are under pressure to change their pegs against the dollar as the U.S. currency declines, stoking inflation to record levels.
... so what do you do with a currency pegged to the dooler that's causing record inflation?
The answer is obvious, you just start using doolers! Government statistics prove that we hardly have any inflation at all.
QUOTE(Slappy @ Feb 25 2008, 09:35 AM)
... so what do you do with a currency pegged to the dooler that's causing record inflation?
The answer is obvious, you just start using doolers! Government statistics prove that we hardly have any inflation at all.
The answer is obvious, you just start using doolers! Government statistics prove that we hardly have any inflation at all.
I was trying to come with some interesting observations out of this inflation chart: http://theroxylandr.wordpress.com/2008/02/24/inflation-pain/
QUOTE(roxy @ Feb 25 2008, 08:34 AM)
Doc, I apologize, I was playing with creating a poll but it was created it as a separate topic. Please delete it if you care and tell how to create a poll inside current topic.
Thank you
Thank you
At the top of this page is a button ADD POLL. That's the one!
QUOTE(roxy @ Feb 25 2008, 08:42 AM)
How can it be called a bailout if the banks that supposedly are going to recapitalize(?) the ailing insurer are non other than the insured ? Wouldn't it be necessary for a third party (FED) to step in with the dough? This sounds like a right pocket to left pocket operation right now, covering up a hole with another...
And btw I doubt the finanglers have the money to put into AMBAC, isn't that FED non-borrowed reserves chart telling us they have no money to capitalize themselves let alone other entities?
QUOTE(Jetlag @ Feb 25 2008, 09:57 AM)
How can it be called a bailout if the banks that supposedly are going to recapitalize(?) the ailing insurer are non other than the insured ? Wouldn't it be necessary for a third party (FED) to step in with the dough? This sounds like a right pocket to left pocket operation right now, covering up a hole with another...
And btw I doubt the finanglers have the money to put into AMBAC, isn't that FED non-borrowed reserves chart telling us they have no money to capitalize themselves let alone other entities?
And btw I doubt the finanglers have the money to put into AMBAC, isn't that FED non-borrowed reserves chart telling us they have no money to capitalize themselves let alone other entities?
Yep, it seems that they rather recapitalize AMBAC then get a margin call on TAF collateral. TAF is not a laughing matter anymore...
Bagholders wanted:
"Visa Inc. may raise as much as $17 billion in what would be the biggest U.S. initial public stock offering."
http://www.bloomberg.com/apps/news?pid=206...ywqg&refer=home
Maybe the middle east sovereign fund guys can invest in it? Wait they only had 15bi for Euro and US banks...
"Visa Inc. may raise as much as $17 billion in what would be the biggest U.S. initial public stock offering."
http://www.bloomberg.com/apps/news?pid=206...ywqg&refer=home
Maybe the middle east sovereign fund guys can invest in it? Wait they only had 15bi for Euro and US banks...
sudaca, you gonna sell into that gfi news or wait for the storm to pass?
QUOTE(Jetlag @ Feb 25 2008, 10:06 AM)
Bagholders wanted:
"Visa Inc. may raise as much as $17 billion in what would be the biggest U.S. initial public stock offering."
http://www.bloomberg.com/apps/news?pid=206...ywqg&refer=home
Maybe the middle east sovereign fund guys can invest in it? Wait they only had 15bi for Euro and US banks...
"Visa Inc. may raise as much as $17 billion in what would be the biggest U.S. initial public stock offering."
http://www.bloomberg.com/apps/news?pid=206...ywqg&refer=home
Maybe the middle east sovereign fund guys can invest in it? Wait they only had 15bi for Euro and US banks...
The markets are so thin that draining another $17 bln out of other stocks will tank the market. Look at China today - down 4%, I think not a coincidence that they have a huge IPO today. There is no enough money to both IPO and the rest of the market
*DJ Greenspan: Oil Price Seen Continuing Upward Trend
*DJ Greenspan: Weakening Oil Demand "Unlikely To Happen"
Somebody posted this over the WE. It is humorous. 
http://docs.google.com/TeamPresent?docid=d...n&skipauth=true
http://docs.google.com/TeamPresent?docid=d...n&skipauth=true
Well, let's see how long it takes for the second thoughts to creep in.
qqqq is stalled on the 3 and 8 day cycle MAs at 43.56, with 5 day just below at 43.49. All are nearly flat.
qqqq is stalled on the 3 and 8 day cycle MAs at 43.56, with 5 day just below at 43.49. All are nearly flat.
QUOTE(potatohead @ Feb 25 2008, 09:29 AM)
*DJ Greenspan: Oil Price Seen Continuing Upward Trend
*DJ Greenspan: Weakening Oil Demand "Unlikely To Happen"
*DJ Greenspan: Weakening Oil Demand "Unlikely To Happen"
Greenspan keeps haunting Bornanke like a golly ghost, they shouldn't have let him get out alive, no one leaves the family, I mean the FED.
spx 5 hr cycle projection 1357.
dow 5 hr cycle projection 12440.
DJ Fed Accepts $10.75 Bln In Overnight RPs
Type of transaction: Overnight RPs
Total accepted: $10.75 Bln
Total submitted: $32.175 Bln
Agency Collateral Operation
Total accepted: $6.842 Bln
Total submitted: $11.5 Bln
Stop-Out Rate: 2.97%
Weighted Average: 2.97%
High-rate submitted: 2.97%
Low-rate submitted: 2.85%
Treasury Collateral Operation
Total accepted: None
Total submitted: $12.8 Bln
Stop-Out Rate: N/A
Weighted Average: N/A
High-rate submitted: 2.68%
Low-rate submitted: 2.55%
Mortgage-Backed Collateral Operations
Total accepted: $3.908 Bln
Total submitted: $7.875 Bln
Stop-Out Rate: 3.02%
Weighted Average: 3.02%
High-rate submitted: 3.02%
Low-rate submitted: 2.92%
(Data was provided by the New York Federal Reserve Bank).
This doesn't look very bullish to me. 
*DJ US Tsy's McCormick: US Supports IMF Gold Sales
Futs down and market opens up? How does that work? Bucky still looking sickly. 75 support and 76.5 resistance.
Bucky still looking sickly. 75 support and 76.5 resistance.
China doesn't look so hot either. 
QUOTE(potatohead @ Feb 25 2008, 09:47 AM)
*DJ US Tsy's McCormick: US Supports IMF Gold Sales
Oh my goodness! Sell,sell sell!
DJ Iran To Launch Higher Denomination Bank Note - AFP
TEHRAN (AFP)--Iran is to launch a new banknote twice the value of any other
note in circulation, the central bank head said Monday, amid double-digit
inflation.
"We hope the new 100,000 rial banknote (worth around $10) will be issued in
July," said the head of Iran's central bank, Thamasb Mazaheri, according to
the Mehr news agency.
The issuing of the IRR100,000 note comes after Iran issued a IRR50,000 note
in March, which carries motifs celebrating the controversial Iranian nuclear
drive. A 20,000 rial bill had been introduced in February 2004.
It is not clear what will be on the new note, but all the higher domination
notes in circulation in Iran bear the face of revolutionary founder Ayatollah
Ruhollah Khomeini.
TEHRAN (AFP)--Iran is to launch a new banknote twice the value of any other
note in circulation, the central bank head said Monday, amid double-digit
inflation.
"We hope the new 100,000 rial banknote (worth around $10) will be issued in
July," said the head of Iran's central bank, Thamasb Mazaheri, according to
the Mehr news agency.
The issuing of the IRR100,000 note comes after Iran issued a IRR50,000 note
in March, which carries motifs celebrating the controversial Iranian nuclear
drive. A 20,000 rial bill had been introduced in February 2004.
It is not clear what will be on the new note, but all the higher domination
notes in circulation in Iran bear the face of revolutionary founder Ayatollah
Ruhollah Khomeini.
Gold gets killed
Where is KW? It looks like GS is having a sinker this morning.
qqqq just broke the 5 day cycle MA at 43.49.
QUOTE(fxfox @ Feb 25 2008, 09:55 AM)
Gold gets killed
It is a little early for the usual smackdown.
QUOTE(potatohead @ Feb 25 2008, 09:55 AM)
DJ Iran To Launch Higher Denomination Bank Note - AFP
TEHRAN (AFP)--Iran is to launch a new banknote twice the value of any other
note in circulation, the central bank head said Monday, amid double-digit
inflation.
"We hope the new 100,000 rial banknote (worth around $10) will be issued in
July," said the head of Iran's central bank, Thamasb Mazaheri, according to
the Mehr news agency.
The issuing of the IRR100,000 note comes after Iran issued a IRR50,000 note
in March, which carries motifs celebrating the controversial Iranian nuclear
drive. A 20,000 rial bill had been introduced in February 2004.
It is not clear what will be on the new note, but all the higher domination
notes in circulation in Iran bear the face of revolutionary founder Ayatollah
Ruhollah Khomeini.
TEHRAN (AFP)--Iran is to launch a new banknote twice the value of any other
note in circulation, the central bank head said Monday, amid double-digit
inflation.
"We hope the new 100,000 rial banknote (worth around $10) will be issued in
July," said the head of Iran's central bank, Thamasb Mazaheri, according to
the Mehr news agency.
The issuing of the IRR100,000 note comes after Iran issued a IRR50,000 note
in March, which carries motifs celebrating the controversial Iranian nuclear
drive. A 20,000 rial bill had been introduced in February 2004.
It is not clear what will be on the new note, but all the higher domination
notes in circulation in Iran bear the face of revolutionary founder Ayatollah
Ruhollah Khomeini.
Why fight foes on the terrain when you can make them succumb with USD led inflation ?
The "strong Dollah" policy is stronger than the "shock and awe" tactic.
I asked Richard Fisher, Pres of the Dallas Fed in a one on one at a lunch on Friday if he owned any gold. He laughed and said said he couldn't own anything.
Housing data doesn't look good.
Housing data doesn't look good.
levels to watch
dow shport trendline 12359, 8 day cycle MA 12321, 5 day 12291, 3 day rising 1249.
spx 8 day cycle MA 1346.45, 5 day 1343.43. 3 day rising at 1338.
qqqq minor shport line 43.32
dow shport trendline 12359, 8 day cycle MA 12321, 5 day 12291, 3 day rising 1249.
spx 8 day cycle MA 1346.45, 5 day 1343.43. 3 day rising at 1338.
qqqq minor shport line 43.32
QUOTE(cwd @ Feb 25 2008, 10:03 AM)
I asked Richard Fisher, Pres of the Dallas Fed in a one on one at a lunch on Friday if he owned any gold. He laughed and said said he couldn't own anything.
Housing data doesn't look good.
Housing data doesn't look good.
Was he implying that officially he can't say he owns Gold?
Test
<embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf?swfHome=eplayer.clipsyndicate.com&va_id=525266&wpid=319" width="320" height="260" allowfullscreen="true" type="application/x-shockwave-flash" pluginspage="http://www.macromedia.com/go/getflashplayer"></embed>
Is anyone able to see the video?
<embed src="http://eplayer.clipsyndicate.com/cs_api/get_swf?swfHome=eplayer.clipsyndicate.com&va_id=525266&wpid=319" width="320" height="260" allowfullscreen="true" type="application/x-shockwave-flash" pluginspage="http://www.macromedia.com/go/getflashplayer"></embed>
Is anyone able to see the video?
QUOTE(DrStool @ Feb 25 2008, 10:08 AM)
Test
Is anyone able to see the video?
Is anyone able to see the video?
Nope, just a white square, running on firefox 2.
QUOTE(Jetlag @ Feb 25 2008, 07:58 AM)
Why fight foes on the terrain when you can make them succumb with USD led inflation ?
The "strong Dollah" policy is stronger than the "shock and awe" tactic.
The "strong Dollah" policy is stronger than the "shock and awe" tactic.
I wish I could embed a poll on the openning screen on every computer in the world to vote, in a binding referendum, whether to send the top 5 leaders of each of the worlds countries to a devil's island where they could not leave and could all battle each other for the small resources, with camera's covering every sq.inch so we could all watch and laugh. Future cooperation between governments would be assured there after under threat of the same treatment for each new leader.
QUOTE(DrStool @ Feb 25 2008, 08:08 AM)
Test
Is anyone able to see the video?
Is anyone able to see the video?
no, just a white square using internet explorer
I guess they're not done with this nonsense.
I don't know if we should give any credence to the 3 day cycle projections, so I haven't reported them, but if they take out the highs here, here are the 3 day cycle projections --
dow- 12470
I don't know if we should give any credence to the 3 day cycle projections, so I haven't reported them, but if they take out the highs here, here are the 3 day cycle projections --
dow- 12470
spx 1365
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