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Investors Lounge
kenyainvestor
#1161 Posted : Tuesday, August 09, 2011 8:24:57 PM
Rank: Member


Joined: 7/12/2011
Posts: 194
kenyainvestor wrote:
Will the English Premier League kick off as scheduled if the riots spread across the country? People have already paid their (expensive) DSTV subscriptionsSad


London riots force England match to be cancelled

http://www.thesun.co.uk/...tch-to-be-cancelled.html
LATEST BLOG POST: NSE BANKING SECTOR REPORT - THE TOP 5
FACEBOOK: Kenya Investing
TWITTER HANDLE: @kenyainvestor
kenyainvestor
#1162 Posted : Tuesday, August 09, 2011 8:40:08 PM
Rank: Member


Joined: 7/12/2011
Posts: 194
London’s Riots: Not Race, Not Politics, But an Explosion of Futureless Youth

http://dougsaunders.net/...losion-futureless-youth/
LATEST BLOG POST: NSE BANKING SECTOR REPORT - THE TOP 5
FACEBOOK: Kenya Investing
TWITTER HANDLE: @kenyainvestor
kenyainvestor
#1163 Posted : Tuesday, August 09, 2011 9:04:00 PM
Rank: Member


Joined: 7/12/2011
Posts: 194
hisah wrote:


$2.5 Trillion lost in a week.

Last year it was $3 Trillion lost in a month .

Hmmm...

Feels like 2008 all over again (actually seems worse) The markets are certainly acting like it's '08
LATEST BLOG POST: NSE BANKING SECTOR REPORT - THE TOP 5
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TWITTER HANDLE: @kenyainvestor
erifloss
#1164 Posted : Tuesday, August 09, 2011 9:49:07 PM
Rank: Member


Joined: 6/21/2010
Posts: 514
Location: Nairobi
I expect the Fed to maintain the extremely low rates & maybe come up with another round of QE coz ECB has kind of led the way. They just have to inflate their way out of this shit for the financial markets to at least have some cash to absorb
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
hisah
#1165 Posted : Tuesday, August 09, 2011 9:49:32 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
FOMC announcement dissapoints. US markets erase all day gains and back to Asia session lows.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1166 Posted : Wednesday, August 10, 2011 12:06:34 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Dow Jones - bouncing hard today. After the capitulation the reverse happens - recapitulation. Massive points up. Short sellers getting burned out. The daily chart is oversold and the huge bounce is expected to last for some few weeks. The bounce also comes in at the DMA 200 support level - 10720. When this level is broken down in the next round of selling, the real sell-off will begin.

Daily Chart - http://stockcharts.com/h-sc/ui?s=%24INDU

Weekly Chart - http://stockcharts.com/c...=t85326753014&r=9492
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
youcan'tstopusnow
#1167 Posted : Wednesday, August 10, 2011 12:27:57 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
hisah wrote:
Dow Jones - bouncing hard today. After the capitulation the reverse happens - recapitulation. Massive points up. Short sellers getting burned out. The daily chart is oversold and the huge bounce is expected to last for some few weeks. The bounce also comes in at the DMA 200 support level - 10720. When this level is broken down in the next round of selling, the real sell-off will begin.

Daily Chart - http://stockcharts.com/h-sc/ui?s=%24INDU

Weekly Chart - http://stockcharts.com/c...t85326753014&r=9492


There hasn't been as big a rebound at the NSE

Though the board is much more beautiful to look at if you are a 'green' investor
GOD BLESS YOUR LIFE
hisah
#1168 Posted : Wednesday, August 10, 2011 3:47:32 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
youcan'tstopusnow wrote:
hisah wrote:
Dow Jones - bouncing hard today. After the capitulation the reverse happens - recapitulation. Massive points up. Short sellers getting burned out. The daily chart is oversold and the huge bounce is expected to last for some few weeks. The bounce also comes in at the DMA 200 support level - 10720. When this level is broken down in the next round of selling, the real sell-off will begin.

Daily Chart - http://stockcharts.com/h-sc/ui?s=%24INDU

Weekly Chart - http://stockcharts.com/c...t85326753014&r=9492


There hasn't been as big a rebound at the NSE

Though the board is much more beautiful to look at if you are a 'green' investor


No big money yet at NSE. Wanjiku is broke and local big money is at money markets with guaranteed returns without sleepless nights...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1169 Posted : Wednesday, August 10, 2011 3:51:25 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Intesa - Italian bank stock suspended... This one is heading to zero like our paka stock! Currently below the 2009 lows when the world of finance was ending and rapture was happening...

Can anyone smell the euro fireworks coming soon...

5yr chart - http://uk.finance.yahoo....=0;logscale=off;sourceSpeak to the hand
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1170 Posted : Wednesday, August 10, 2011 4:00:07 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
BAC - Bank Of America attempting a leap of faith... That is one ugly bullish candle pattern for the day. Absolutely no support for the spring. This thing will be at $2 in no time... I can see a Lehman and AIG scenario yet again... Keep watching...

http://stockcharts.com/h-sc/ui?s=BAC
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1171 Posted : Wednesday, August 10, 2011 4:30:29 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
And now NYSE invokes rule 48... Usually invoked during knee-jerk volatility...

It was invoked on Monday - http://www.marketwatch.c...h-stock-open-2011-08-08

and it was also invoked in 2008 many times - http://www.cnbc.com/id/2...46/NYSE_Invokes_Rule_48

Meanwhile in euro land - Societe Generale down 12% - to be suspended soon...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Sufficiently Philanga....thropic
#1172 Posted : Wednesday, August 10, 2011 6:08:34 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
And now, Dow tanks 3.91% to 10,800.28pts less than 2 hours into trading!
Volatility at its best
@SufficientlyP
hisah
#1173 Posted : Wednesday, August 10, 2011 6:53:58 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Just a few hours ago on post 1166 above, I said the Dow bounced hard from the DMA 200 support @10720. From the current price action, all the post FOMC gains overnight, asia and europe have all been erased and DMA200 support is under threat! Should Dow down close below this support, things will get funky! 2008 is back and traders faces will be ripped off trying to pick bottoms or riding the extreme sell-offs. Caution!!

If you cannot stand index bounces or sell-offs larger than 2% or 4% up/down stock moves a day or two, stay out. There's no need to lose hard money getting whipped up and down!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
youcan'tstopusnow
#1174 Posted : Wednesday, August 10, 2011 7:20:22 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Will short-selling ever be introduced at the NSE?
GOD BLESS YOUR LIFE
youcan'tstopusnow
#1175 Posted : Wednesday, August 10, 2011 7:21:32 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
England riots: Hackers hit Blackberry over police help

http://www.bbc.co.uk/news/technology-14476620
GOD BLESS YOUR LIFE
hisah
#1176 Posted : Wednesday, August 10, 2011 7:24:25 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
youcan'tstopusnow wrote:
Will short-selling ever be introduced at the NSE?


This one annoys me since I'd be in the monies now by shorting NSE @4400 and the bank stocks as I had suggested at the beginning of the year...
http://www.wazua.co.ke/f...39&f=1&q=186374

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1177 Posted : Wednesday, August 10, 2011 7:35:55 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Gold briefly tests $1798; $1800 will be taken out. The parabolic move from $1547 to the current level is nuts!

http://www.business-stan...t-record-1800/144021/on

@Cde - Tulips stage is now on the cards for the short timeframe. This thing will correct with a thud!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
youcan'tstopusnow
#1178 Posted : Wednesday, August 10, 2011 8:05:59 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
hisah wrote:
youcan'tstopusnow wrote:
Will short-selling ever be introduced at the NSE?


This one annoys me since I'd be in the monies now by shorting NSE @4400 and the bank stocks as I had suggested at the beginning of the year...
http://www.wazua.co.ke/f...39&f=1&q=186374



It would be great making money both ways
GOD BLESS YOUR LIFE
hisah
#1179 Posted : Wednesday, August 10, 2011 8:19:05 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
BNP Paribas - French banks too getting clobbered on rumours of France risks rating downgrade...

http://stockcharts.com/h-sc/ui?s=bnpqy

In the meantime Obama is to meet with the bernank later today.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1180 Posted : Wednesday, August 10, 2011 8:21:59 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
The ponzi circus is getting interesting by the day...
Mexico to Sell 100-Year Bonds


Please note there are 100yr US bonds trading in the US bond market already...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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