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hisah
#1621 Posted: : Tuesday, October 04, 2011 6:59:47 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Since I'm a fan of tracking indices since they always tell the future which is always history! Time is just a cycle that doesn't exist... smile

S&P 500...
Oct 3rd 2008 - 1099
Oct 3rd 2011 - 1099

Now study the Oct - Dec 2008 charts...

I had pointed out some levels on the NSE index...

On this thread sometime back in July I posted the shanghai longterm chart, which brokedown from a rising triangle. Since then the ching CDS rating meter is rallying. Ching econ is now in a slowdown. Research & see why soon the next selling rotation will hit asia. My few buddies here in asia land think am nuts & just doom filled. At least with their CBs trying to shore reserves using gold that is a good buffer sign. But for aussie & esp kiwi land, heat is coming...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1622 Posted : Tuesday, October 04, 2011 7:42:26 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Very interesting what some euro banks are doing with Greece bonds in their balance sheets. Our KE banks are playing the same games smile

http://www.businessweek....-worse-than-booked.html

More on Dexia after extraordinary board meeting last night..

http://bit.ly/qqEjcK

Today Nikkei hit a new year low, lower than the March disaster quake month...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Mainat
#1623 Posted : Tuesday, October 04, 2011 8:12:00 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
If and when the elephant in the room is chased out, markets will be set on their way. Imagine if Greece had been allowed to default last yr? I believe, the subject would be focusing on reviving economic growth, but now the Greece issue just rambles on with no end to it...
Hisah-Dexia was recently categorised as very strong by the ECB stress tests...
Sehemu ndio nyumba
karanjakinuthia
#1624 Posted : Tuesday, October 04, 2011 10:02:24 AM
Rank: Member

Joined: 11/13/2006
Posts: 551
Location: Nairobi
"The Qatari Royal family plans to spend up to $10bn (£6.4bn) buying stakes in gold producers through their sovereign wealth fund, The Daily Telegraph can disclose.

The fund is seeking to invest in a range of natural resources, but gaining access to physical gold is its top strategic priority.

On Sunday, Qatar Holdings, which controls the wealth of the Middle East state's royal family, confirmed it would invest about $1bn in European Goldfields, a London-listed miner currently developing the largest gold-mining project in Greece...."

Read more:

http://www.telegraph.co....-gold-buying-spree.html

FUNKY
#1625 Posted : Tuesday, October 04, 2011 10:43:44 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
hisah
#1626 Posted : Tuesday, October 04, 2011 12:31:52 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Mainat wrote:
If and when the elephant in the room is chased out, markets will be set on their way. Imagine if Greece had been allowed to default last yr? I believe, the subject would be focusing on reviving economic growth, but now the Greece issue just rambles on with no end to it...
Hisah-Dexia was recently categorised as very strong by the ECB stress tests...


Indeed Dexia is a 'very strong' bank as per ECB 'stress tests', but Moody's puts it on a downgrade watch. Very strong bank, with a very good reward for short-sellers...

This is the same bank that got a huge 'coke' boost from the Feds during the GFC 2008. How it never got nationalized like UBS is pure houdini stuff... 1000+ days later, Dexia is at it again. A very junkie stock this...

http://www.businessweek....ody-s-stock-slumps.html

Btw in 2009, the Feds also conducted stress tests for US banks. Well we all know the script. BoA is already trading at 2009 lows. Morgan Stanley. This one was the book maker for Safcom shares. Been following it since June 2008. Indeed time is just a cycle...

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
QW25081985
#1627 Posted : Tuesday, October 04, 2011 1:38:29 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
@ all fx traders you better start getting bullish on euro/dollar

i dnt think we will break the 61.8 fib level on the weekly . take a look

http://chart.ly/uploads/...e_n44db3x.png?1317705741
FUNKY
#1628 Posted : Tuesday, October 04, 2011 3:49:52 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
hisah
#1629 Posted : Tuesday, October 04, 2011 5:07:48 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
S&P 500 approaches 1040 as global selloff continues... It will be interesting to see how it handles this level.

Banks heavy as US sessions open with a downside thud. BoA down 5%+ almost breaking below $5 handle. This is 2009 lows zone. At $5.28 it is trading around 3rd Feb 2009 levels. The 2009 low was $3.14. Extremely oversold on the weekly RSI, but with the fear piling up this knife will keep cutting downwards.

Meanwhile in euroland, CDS rates surge as EU wants Greece bondholders to take bigger haircuts...

http://www.bloomberg.com...on-greek-debt-loom.html

And Dexia again - http://www.bloomberg.com...s-as-crisis-worsens.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1630 Posted : Tuesday, October 04, 2011 9:52:44 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Wow! And I thought my econ professor was worse!

http://t.co/lu1xmO0P
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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