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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!
youcan'tstopusnow
#1631 Posted : Wednesday, October 05, 2011 1:01:36 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Will fall in global oil prices help our ailing economy?
http://www.businessdaily...24/-/s474hg/-/index.html
GOD BLESS YOUR LIFE
hisah
#1632 Posted : Wednesday, October 05, 2011 6:16:51 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
[quote=youcan'tstopusnow]Will fall in global oil prices help our ailing economy?
http://www.businessdaily...4/-/s474hg/-/index.html[/quote]

Oil falls, but USDKES continues the climb... No effect?!

Financial policies need to be streamlined starting with that weak treasure department.

http://www.youtube.com/watch?v=Yjr7NtntWeQ



$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1633 Posted : Wednesday, October 05, 2011 6:25:08 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
More on Morgan Stanley...

It seems of late lame stream media has woken up to realize www.zerohedge.com is a force to reckon with... I thought conspiracy sites or nutheads such that Rastani 'rogue' trader are just lunatics. Why the sudden focus on the crackheads if they just spew lunacy in their against the norm fantasy worlds smile

http://dealbook.nytimes....ors-about-its-holdings/

To become immune to the matrix you must be empty smile
http://www.youtube.com/watch?v=qaLvcM-u4ns
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1634 Posted : Thursday, October 06, 2011 5:36:27 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
French fries just in case of greecey banks fries...

http://bit.ly/p1oSrE

And some gold fun - http://www.youtube.com/w...ature=player_detailpage

Solyndra... This should be an interesting case for enterprise corruption the same as other 'rosy' Ching solar firms...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1635 Posted : Thursday, October 06, 2011 6:07:07 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
US mutual funds seeing a lot of pull outs...

http://ici.org/research/stats/flows/flows_10_05_11
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
youcan'tstopusnow
#1636 Posted : Thursday, October 06, 2011 8:40:14 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Steve Jobs: Tributes flood
in for Apple 'visionary'
http://www.bbc.co.uk/new...orld-us-canada-15202484
What made Steve Jobs unique?
http://www.bbc.co.uk/new...ile/technology-15196874
Key quotes from Steve Jobs, the co-founder of Apple, who died on Wednesday after a long battle with cancer.
http://bbc.co.uk/news/mo...orld-us-canada-15195448
Obituary: Steve Jobs
http://bbc.co.uk/news/mo...orld-us-canada-12215485

LEGEND!
GOD BLESS YOUR LIFE
youcan'tstopusnow
#1637 Posted : Friday, October 07, 2011 9:16:33 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
With more layoffs on the way, Americans are only likely to see more angry workers taking to the streets.
http://bbc.co.uk/news/business-15208240
GOD BLESS YOUR LIFE
Cde Monomotapa
#1638 Posted : Friday, October 07, 2011 9:59:26 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
[quote=youcan'tstopusnow]With more layoffs on the way, Americans are only likely to see more angry workers taking to the streets.
http://bbc.co.uk/news/business-15208240[/quote]
Aicaramba! SSA baby!
youcan'tstopusnow
#1639 Posted : Saturday, October 08, 2011 9:45:48 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Italian and Spanish government debt have both been downgraded by the Fitch credit rating agency.
http://bbc.co.uk/news/business-15222803

GOD BLESS YOUR LIFE
Iborian
#1640 Posted : Saturday, October 08, 2011 10:00:18 AM
Rank: Member


Joined: 4/17/2009
Posts: 194
@hisah. Interesting moves on the world markets this week. Day traders have been minting with all the volatility.
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