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Investors Lounge
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!
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.
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!
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!
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!
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!!
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!
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?
LATEST BLOG POST: NSE BANKING SECTOR REPORT - THE TOP 5
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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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hisah
#1131 Posted : Monday, August 08, 2011 5:18:03 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
@Kenyainvestor - There is a saying that when people lose their basic elements for survival, they lose it. Obviously the MENA crisis will become a global contagion.

Meanwhile...

-> Gold rockets to $1695 from $1660 on open. Today it blows off $1700... Thus the fishy behaviour by APMEX -
http://www.wazua.co.ke/f...amp;m=204996#post204996

-> Dow futures down 270+ handles... In Europe & NY traders will lose their voice at the trading pits as they shout out trades in a 'volatile vaccuum'...

US municipal bonds will soon bomb out... Various states esp those with debt bombs will soon default...

Things are now heating up in Asia after the G7 statement fades away.

Global intervention coming soon...

Update -> Follow the asia markets action here:
http://www.reuters.com/finance/markets/asia?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1132 Posted : Monday, August 08, 2011 6:29:08 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Shanghai composite officially in love with the bear...

China was sold to us by global gubberments as the knight in shining armor that would defend us from a double dip recession. Indeed the globe is now a disappointed lover...
The question is whether this is a double dip recession or depression. Until you look at gold/silver prices, that answer can be illusive...

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1133 Posted : Monday, August 08, 2011 6:54:42 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
And there goes the $1700 handle as gold rush continues... All fiat currencies trounced...

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1134 Posted : Monday, August 08, 2011 8:10:58 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
S.Korea - Kospi down 6.5%. Trading suspended...

http://www.forexlive.com...very-heavily-kospi-6-5/

Nigeria - http://www.reuters.com/a...s-idUSL6E7J70AZ20110807 - @young are u aware of this?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Cde Monomotapa
#1135 Posted : Monday, August 08, 2011 9:17:01 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Is that a 1.5% gain by the KES against USD...Brent nearing $100...
Ceinz
#1136 Posted : Monday, August 08, 2011 9:17:36 AM
Rank: Veteran


Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
World leaders confer on debt crisis

French and UK leaders discuss twin debt crises in Europe and US, amid calls for G7 nations to convene emergency summit.

http:....html
“small step for man”
Cde Monomotapa
#1137 Posted : Monday, August 08, 2011 9:20:10 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
Is that a 1.5% gain by the KES against USD...Brent nearing $100...

c/o forexpros.com
hisah
#1138 Posted : Monday, August 08, 2011 9:25:27 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
Cde Monomotapa wrote:
Is that a 1.5% gain by the KES against USD...Brent nearing $100...

c/o forexpros.com


Interesting on KES vs USD and GBP. Still flat on EUR! I've also seen that it has gained big on Aussie, CAD and NZD (being the biggest loser).

Currently looking at the NSE board as 9.30 approaches. Also keeping my eye on JSE. Dow futures meltdown will hammer JSE today...

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Cde Monomotapa
#1139 Posted : Monday, August 08, 2011 9:28:40 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Cheers..i've always wonderd what's special about the Kiwi anyway.
hisah
#1140 Posted : Monday, August 08, 2011 9:34:28 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
Cheers..i've always wonderd what's special about the Kiwi anyway.


Nothing... Just hype!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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