Thread: Market Talk

It has to be the first time that the National Hurricane Center's forecasts -- inherently innaccurate -- have had such profound effects on the markets. They send out a plane which finds a slight increase the central pressure,the storm is downgraded from a 5 to a 4, or from a 4 to a 3,and the market rallies on the news.

Has this happened in the past and I just wasn't paying attention?

Dave

Nigerian rebels occupy oil fields over leader arrest...

Fighters in Asari’s 6000-strong Niger Delta People’s Volunteer Force set a deadline of this weekend for his release before the group unleashes what it called, in a statement, “violence and grave mayhem never before reported in the history of the Nigerian state�. The statement went on: “We will kill every iota of oil operations in the Niger Delta. We will destroy anything and everything. We will challenge our enemies in our territory and we shall feed them to the vultures.�

http://www.sundayherald.com/51904

Dave M wrote:

It has to be the first time that the National Hurricane Center's forecasts -- inherently innaccurate -- have had such profound effects on the markets. They send out a plane which finds a slight increase the central pressure,the storm is downgraded from a 5 to a 4, or from a 4 to a 3,and the market rallies on the news.

Has this happened in the past and I just wasn't paying attention?

Dave

NO not that i know of..........the frequency of storm activity and the sophistacation of weather detectionequipment has got us here.

next thing u know there will be a document from noaa managementforbiding you to trade certain stocks.

tekno

Greenspan: We've lost control of budget deficit taichi
NEW 9/25/2005 4:23:08 AM
Breton: Greenspan worried about deficit

French finance minister says both men are disappointed over how countries manage their budgets.

September 24, 2005: 9:29 PM EDT

WASHINGTON (Reuters) - Federal Reserve Chairman Alan Greenspan told France's Finance Minister Thierry Breton the United States has "lost control" of its budget deficit, the French minister said Saturday.

"'We have lost control,' that was his expression," Breton told reporters after a bilateral meeting with Greenspan.

"The United States has lost control of their budget at a time when racking up deficits has been authorized without any control (from Congress)," Breton said.

"We were both disappointed that the management of debt is not a political priority today," he added.

Ministers from the Group of Seven rich nations on Friday called for vigorous action around the world to curb rising imbalances in international trade and investment accounts.

A decrease in the U.S. budget deficit were cited by the G7 as one way to ease those imbalances. Treasury Secretary John Snow said the U.S. administration was still committed to halving its budget deficit by 2009.

Breton spoke as International Monetary Fund Managing Director Rodrigo Rato said U.S. plans to cut its government expenditures now looked ambitious in the light of huge reconstruction costs to be borne in the wake of Hurricane Katrina.

Breton said: "The situation that is creating tension today on the currency market ... is clearly the American deficit."

The United States needed to address its budget deficit, he said, adding: "It seems to me that my counterpart John Snow is completely aware of this, he wants to harness the problem, but it seems to me he doesn't have the room for maneuver."

Breton added that after hearing Greenspan talk about inflation: "One has the feeling -- though he didn't say so -- that interest rates will probably continue to rise slightly until his departure."

Greenspan is due to step down as Fed chairman in January after 18 years in the post.

Asked if G7 finance chiefs would meet as usual in February next year as well as gathering for an extraordinary meeting in December this year -- partly to pay tribute to Greenspan before his departure -- the French finance chief said: "Yes, yes. Next February as well."

He said France was "not against" the idea of enlarging the Group of Seven, a notion that has gained impetus at these meetings.

CNN, Reuters

Sunday session>>>>>>>>>>&gt ;>>

"London Brent crude, open for a special weekend session on the International Petroleum Exchange, was off 94 cents at $61.50 a barrel by 1025 GMT after sliding $2.16 on Friday."



http://www.mrci.com/qpnight.asp

since dma is no longer here....well as dma anyway...LOL

c&p off TT:

U.S. Federal Reserve Chairman Alan Greenspan told France's Finance Minister Thierry Breton the United States has "lost control" of its budget deficit, the French minister said on Saturday.

"'We have lost control,' that was his expression," Breton told reporters after a bilateral meeting with Greenspan.

"The United States has lost control of their budget at a time when racking up deficits has been authorized without any control (from Congress)," Breton said.

Greenspan to French finmin:US lost deficit control

http://today.reuters.com/investing/f...N-UPDATE-1.XML

Stagflation + Debt Deflation = DEPRESSION!

With oil prices high and the pace of the US economic recovery in question, some in financial markets are becoming wary of a return to 1970s-style “stagflation� featuring spiraling prices and faltering growth.

http://www.dailytimes.com.pk/default...-7-2004_pg5_18

Please Allow 60 Seconds To Lock Limit Down! CRANK It UP!

http://www.maui.net/~mauiben/sep12dow2005.html

Da BULLZ Climbing Their "Wall Of Worry"!

Crude Futures Fall in Rare Sunday Trading

Sunday September 25, 10:45 AM EDT

NEW YORK (AP) — Crude oil futures fell sharply in unusual Sunday trading as it appeared that oil rig and refinery damage from Hurricane Rita was less than originally feared.

Oil prices had climbed steadily last week as Rita churned through the Gulf of Mexico as a category 4 hurricane, but fell Friday as the storm weakened before landfall early Saturday morning.

In early trading on the New York Mercantile Exchange, a barrel of light crude for November delivery was quoted at $63.08, down $1.12. Heating oil dropped 7.6 cents to $1.8895 per gallon, while unleaded gasoline fell 10.16 cents to $1.984 gallon.

On London's International Petroleum Exchange, which also opened trading earlier than usual, Brent crude futures tumbled $2.59 to $62.01.

The Nymex and IPE offered extended Sunday hours in hopes of mitigating any volatility in the wake of Rita. Given the relative lack of damage from Rita, especially compared to Hurricane Katrina's devastation, trading was light, however.

Rita did cause damage to some of the Texas Gulf Coast's refineries. Valero Energy Corp.'s Port Arthur refinery, which produces 255,000 barrels a day, could be out of service two weeks to a month due to damages.

Motiva Enterprises Inc. and Citgo Petroleum Corp. also reported damage to plants in Port Arthur and Lake Charles, La., respectively. However, other refineries in the Houston area operated by Exxon Mobil Corp., BP PLC, Marathon Petroleum Co. and Valero appeared to have sustained only minor damage.

Futures seem to like falling oil prices..... Nikkei rocking......

http://www.bloomberg.com/markets/stocks/futures.html

Greg wrote:

Crude Futures Fall in Rare Sunday Trading

Sunday September 25, 10:45 AM EDT

See complete article above :}

Informative, Thanks..Greg,

Still they have to get back in production, which will take some time. Some need employees, some need power, some need repairs, some.....well it's going to take a while.

Energy has been a critical market worry for near two years.

The US gets hit by two big hurricanes in the Gulf production area. MHO this places the TSP in the same picture of peril!

Go to http://www.barchart.com and explore the exchange funds akin to TSP funds [IVV, IJR, EFA]. Then take a look at % Change and %YTD. How is Latin America doing? What about Brazil?

TSP is good, but the question I suggest is it good enough to place all the eggs in that basket?

Something to think about? Maybe!.

Rgds Spaf

TSP does provide the opportunity to take a 100% position in the fund of ones' choice. To me that is a great advantage especially once a power account has been built allowing opportunity during our golden years. It takes money to make money.

I have one thing to say....the Accumulation of current S&P is at April levels....and not showing any gains...still looking for continued failures through end of year....

Here's a funny...............Don't get your pants wet over it, move out of New Orleans!!!

:dude: