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hisah
#1121 Posted : Sunday, August 07, 2011 5:26:29 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Hmmm... One Geithner the US Treasury Sec said the US faced no risk of losing its AAA credit rating...

http://www.youtube.com/watch?v=0HDCvqgxrrE

Waiting for Asia markets to open. Circuit breakers had better work...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#1122 Posted : Sunday, August 07, 2011 6:08:12 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
hisah wrote:

Waiting for Asia markets to open. Circuit breakers had better work...

U can say that again...the eye on the crude.
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hisah
#1123 Posted : Sunday, August 07, 2011 6:40:14 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Eh... Houston we got a problem...

APMEX acting fishy, see alert below. Are they expecting $1700 price spike on gold...


$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1124 Posted : Sunday, August 07, 2011 6:43:20 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
hisah wrote:

Waiting for Asia markets to open. Circuit breakers had better work...

U can say that again...the eye on the crude.

Btw OPEC said they'd meet soon if oil continues the cliff fall. I guess they'll meet to cheer up the price...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#1125 Posted : Sunday, August 07, 2011 8:02:21 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
So yesterday we had the Saudi stock market tank by more than 5% on reaction to the US rating downgrade.
Next on line is Tel Aviv tanking more than 6% today and trading got suspended. Yes, Sunday's are work days in Israel.

http://news.xinhuanet.co...1-08/07/c_131034568.htm

Dubai - http://www.bloomberg.com...-on-u-s-rating-cut.html

Australia opens in the next 5hrs. I can hardly wait. Then Japan, HongKong, China, Singapore, S.Korea, India, Thailand... Indeed, it will be interesting.

Then comes London session when Europe goes online. I expect Consob to suspend trading on all Italian markets... The weekend crisis meetings by G20 and Eurozone members have been kept under wraps, therefore nothing positive here. August 9th the FOMC talks, if they don't mention QE3.0 then the markets will tank even more dramatically. Then August 20th comes up and Greece is unable to pay maturing bonds... That Monday 22nd will be a Lehman Monday... Stay tuned...

Update --> Quite interesting, on the day Tel Aviv market tanks by 6.5%, Israel faces a historic protests due to expensive standards of living...

Caution belts on...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#1126 Posted : Sunday, August 07, 2011 8:15:29 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
hisah wrote:
So yesterday we had the Saudi stock market tank by more than 5% on reaction to the US rating downgrade.
Next on line is Tel Aviv tanking more than 6% today and trading got suspended. Yes, Sunday's are work days in Israel.

http://news.xinhuanet.co...1-08/07/c_131034568.htm

Australia opens in the next 5hrs. I can hardly wait. Then Japan, HongKong, China, Singapore, S.Korea, India, Thailand... Indeed, it will be interesting.

Then comes London session when Europe goes online. I expect Consob to suspend trading on all Italian markets... The weekend crisis meetings by G20 and Eurozone members have been kept under wraps, therefore nothing positive here. August 9th the FOMC talks, if they don't mention QE3.0 then the markets will tank even more dramatically. Then August 20th comes up and Greece is unable to pay maturing bonds... That Monday 22nd will be a Lehman Monday... Stay tuned...

AICARAMBA!! Just the Friday's closing no.s on these mkts were shocking..with the downgrade now, geeezzz!!
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hisah
#1127 Posted : Sunday, August 07, 2011 10:25:23 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Just for laughs...
http://www.flickr.com/ph...15060424/in/photostream/
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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kenyainvestor
#1128 Posted : Sunday, August 07, 2011 10:32:37 PM
Rank: Member

Joined: 7/12/2011
Posts: 194
[quote=hisah]Just for laughs...
http://www.flickr.com/ph...5060424/in/photostream/[/quote]

Hard times indeed!
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kenyainvestor
#1129 Posted : Monday, August 08, 2011 3:35:24 AM
Rank: Member

Joined: 7/12/2011
Posts: 194
In London, the worst protests in years occur. Looting and burning of cars galore. The trigger, a man killed by police. But deep spending cuts seen as the root cause of the publics ire.
hisah, seems such events are not limited to the Arab world now... How long till will we see such scenes in america?
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kenyainvestor
#1130 Posted : Monday, August 08, 2011 3:40:12 AM
Rank: Member

Joined: 7/12/2011
Posts: 194
Meanwhile, Saudi Arabia recalls its Syrian ambassador
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