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Metasploit
#2431 Posted : Thursday, May 31, 2012 8:48:24 AM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
And the woe continues

http://www.gulf-times.co...e_id=48&parent_id=28

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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hisah
#2432 Posted : Thursday, May 31, 2012 12:45:35 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Spatalian CDS rates keep rising... Sovereign default insurance getting expensive by the day.


Spanish 5yr CDS rate - this one is already rocketing to new record highs.



Italian 5yr CDS rate - soon to test record highs and surpass them as the euro drama accelerates...


Quote:
Ultimately, investors fear that the eurozone’s No. 4 economy behind Germany, France and Italy could need a bailout of the entire nation. Many believe that would be too big to handle because Spain’s economy is bigger than those of Greece, Ireland and Portugal together.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Thursday, May 31, 2012 12:51 PM | Reason: Not specified
hisah
#2433 Posted : Saturday, June 02, 2012 8:31:12 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Very glad to see brent taking it in the chin. Hope it breaks below $100. Who needs expensive oil with a limping global economy taking large knocks for a sinking eurozone...



Btw does this mean the persian faceoff has run out of steam?

Stated on May 5th. Brent below $100 handle. Wish I had shorted it, but that persian war cry kept me off.

This is good for importing nations, but with KES slipping badly this month, not good for fuel prices.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2434 Posted : Saturday, June 02, 2012 9:07:41 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
Getting in today at BGZ ETF at $20.80. This is a contra play for the looming correction on the DJIA. A bit risky for now, but I like the fact that Dow is floating towards 14K on vapour volume which is unsustainable.

http://seekingalpha.com/...erdue-market-correction

http://www.americanbulls...etTicker=NYSE&Typ=S


March 23rd fast approaches smile

@alibaba - I hope you got into BGZ. Since March 22nd its now 25.5% up. This would have helped hedge positions in US markets. I still expect it to test $30-32 in coming weeks as per weekly chart pattern. Only then can I see equities as heavily oversold.

With S&P closing @1278 it's now below SMA 200. Classic bear signal. DJIA is now negative for the year despite all those 14,000 points hype merry calls back in March 2012.

The target for USD index is likely 87-90. At those levels
the FED will most likely intervene to stem off the USD strength.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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youcan'tstopusnow
#2435 Posted : Saturday, June 02, 2012 2:55:12 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
How greedy officials killed a dream meant for youth
http://www.nation.co.ke/.../-/15grlln/-/index.html
GOD BLESS YOUR LIFE
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QW25091985
#2436 Posted : Saturday, June 02, 2012 3:15:33 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
youcan'tstopusnow wrote:
How greedy officials killed a dream meant for youth
http://www.nation.co.ke/.../-/15grlln/-/index.html


very sad indeed.
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Cde Monomotapa
#2437 Posted : Saturday, June 02, 2012 4:43:03 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
I will say it here again. Not even rumors of war can overcome the broad based sour fundamental realities of Western economies as far as oil mkts are also concerned.
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Cde Monomotapa
#2438 Posted : Saturday, June 02, 2012 4:59:35 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Just yesterday the EU was begging SA to abandon their look BRIC policy. The economic world has since.
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hisah
#2439 Posted : Tuesday, June 05, 2012 9:14:26 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
I will say it here again. Not even rumors of war can overcome the broad based sour fundamental realities of Western economies as far as oil mkts are also concerned.

I can see you still an oil bear like me smile

I hope the price drowns to $60 - $70/bbl or lower. The oil cartel has lost it with trying to rocket prices with very ugly global economic status since 2009. They should be sued for global economy sabotage!?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#2440 Posted : Tuesday, June 05, 2012 10:19:56 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Germany to the rescue. Go euro... Liar

http://www.marketwatch.c...one-ackermann-2012-06-04
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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