Thread: Market Talk

Morning rally....afternoon sell off. Watch for it:

[img]http://rds.yahoo.com/S=96062883/K=grizzly+bear/v=2/SID=w/l=IVI/SIG=13vbpvibd/EXP=1111647788/*-http%3A//ares.nice.k12.mi.us/Classrooms/Fourthgrade/Mrs.%20Steinke/Steinke%20Animals/mad%20grizzly%20bear.jpg[/img]

This idiot will be adding to shorts. Like Pacman.

Check out last cross the thee red line :

Driver of the Naz for the last last month. Broke support:

UK Bankruptcies hit highest level since 1960 August 6, 2005.... "People are being given inappropriate levels of debt," Mr Levene said. "Some of the marketing devices used by some credit card companies leave a lot to be desired." ..... The average debt of people coming into CABs was equivalent to 14 times their salary, said Mr Levene...... "The UK's mountain of personal debt continues to have no peak in sight," said Mike Gerrard, a personal insolvency specialist at Grant Thornton....... The company said it had recently advised someone who had run up £312,000 of debt on 63 credit cards.


Are consumers living on borrowed time? August 7, 2005...... 'The consensus view is that there's nothing fundamentally wrong, and all the Bank of England is doing is easing the burden slightly........ 'If the process that is under way is one of balance sheet readjustment, then this is just the end of the beginning. We feel that the consumer retrenchment could be more serious than people expect.' He believes there is a chance that rates could fall as low as 2 per cent by the end of next year to offset that retrenchment........ The problem for the Bank this year has been that that something - which it hoped would be exports, or business investment - has failed to materialise. Analysts say the decline in sterling could shift the focus back to Britain's beleaguered manufacturers - but for the time being, exporters continue to suffer and business investment remains weak.

Oil news

http://biz.yahoo.com/ap/050808/oil_prices.html?.v=3

To bad I fund is converted back to USDs :

Bring up the rear - two years in the row - the U.S. :P

Global Stock Market Recap

[align=center][/align]

We make fun of France. Stock market is up 22% last year and 15.7% so far this year.

Hell give me a hold and hope gain of 37.7% in 18 months and you can make fun of me too.

They are pegged to the USD. Wonder where they are going to pull this 360B - with a B from? They are working to be pegged to the Yuan. Old king gone. No more nice nice to the great satan.





Saudis to retrieve $360 billion abroad
http://interestalert.com/brand/site...er=World%20News

RIYADH, Saudi Arabia, Aug. 7 (UPI) -- Saudi Arabia said Sunday it was working to bring back to the kingdom a total of $360 billion invested abroad in the last 18 months.

Foreign Minister Prince Saud al-Faisal told reporters the government was working on returning these "national assets" back to the oil-rich Arab country and to attract foreign investments in Saudi Arabia.

He said the kingdom has "established qualified institutions for that purpose," but did not elaborate.

The minister added that the "smooth way" in which power was handed over to new King Abdullah bin Abdul Aziz after King Fahd's death last week meant a continuation of stability.

"We hope these measures taken on the economic front will return the Saudi funds," Prince Saud said.

I couldn't help notice the Nikkie 225 made a miraculous turn around to close up 12.50. Also good gains so far on the FTSE and DAX.

If one was anticipating a down day - I'd check out the latest DMAfutures for Dow and S&P. Buddy, what do you want on your toast. If I were 800% in a short position my sphincter would be feeling rather tight - fear the RUNAWAY BULL MARKET? By the way what is your favorite color - need to coordinate party decor.

Lets see what the Nikkie does today

Koizumi dissolves lower house, to hold snap election
Xinhua- 47 minutes ago
TOKYO, Aug. 8 (Xinhuanet) -- Japanese Prime Minister Junichiro Koizumi has decided to dissolve the lower house immediately after the postal reform bills advocated by him failed to clear the upper house on Monday.

:shock::shock::shock::s

Supply/demand: