Aussie stock market bloodbath - get ready USA today will stink | |
Anonymous Coward User ID: 1494619 Portugal 08/05/2011 06:34 AM Report Abusive Post Report Copyright Violation | Dow futures are off another 95 points pre-market. Most indices are off around 1%. Just now German industrial production for June came in with a big 1.1% decline vs. expectations of growth for 0.1%. The weakness in the European periphery is infecting the core, as you would expect given the export-reliance of the German economy. Meanwhile, Italy is having a very volatile day, having started off by dropping 3%, but coming back strongly closer to flat. Read more: [link to www.businessinsider.com] |
Anonymous Coward User ID: 1494473 United States 08/05/2011 06:40 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1494619 Portugal 08/05/2011 06:41 AM Report Abusive Post Report Copyright Violation | The committee of bond dealers and investors that advises the U.S. Treasury said the dollar’s status as the world’s reserve currency “appears to be slipping” in quarterly feedback presented to the government... [link to www.moneynews.com] |
Anonymous Coward (OP) User ID: 1316122 Australia 08/05/2011 06:51 AM Report Abusive Post Report Copyright Violation | |
Lime Flavoured Redux User ID: 1494698 United Kingdom 08/05/2011 07:24 AM Report Abusive Post Report Copyright Violation | |
Memphis Spirit User ID: 1410029 United States 08/05/2011 07:25 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1494726 Canada 08/05/2011 07:41 AM Report Abusive Post Report Copyright Violation | Indeed I have to agree that the market is all based on two things, Quoting: Children of the AtomComputer and Human Emotions. Get the two together and mayhem is bound to ensue. Wrong. The stock market is totally manipulated. The elite hold the balance and can turn it any which way they want, at will, and at the behest of their spiritual overlords. No such thing as a "free market". |
Anonymous Coward User ID: 1301867 Australia 08/05/2011 07:42 AM Report Abusive Post Report Copyright Violation | Quoting: Anonymous Coward 1316122 BS. Aussie follows US leads. The end. |
stormer User ID: 1494621 South Africa 08/05/2011 07:46 AM Report Abusive Post Report Copyright Violation | There was widespread demand for policymakers to beef up plans to tackle the eurozone’s crisis and prevent the US economy in particular from sliding back into recession. Global equities were down 1.4% on the day for a roughly 8.5% loss this week. Emerging market shares stumbled 3.2% on the day. The Pan-European FTSEurofirst 300 tumbled around 2%. Gold jumped more than 1% and the oil and metals markets slumped, with investors seeking safe havens and reacting to the prospect of slower global economic growth. Markets were also bracing for US jobs data later in the day, a sensitive indicator at the best of times but a key gauge at the moment of the extent of the US economy’s troubles. “The economic outlook is stressing investors to a great degree and sentiment is likely to remain extremely fragile,” said Keith Bowman, equity analyst at Hargreaves Lansdown. “The US economy has been slowing and is moving into a phase where we are going to see spending cuts enforced. Investors are concerned as to where future growth will come from, with this backdrop of debt for so many governments.” China and Japan called for global cooperation and French President Nicolas Sarkozy was to discuss the financial markets with German Chancellor Angela Merkel and Spanish Prime Minister Jose Luis Rodriguez Zapatero. Apart from signs that the US and global economy are weakening - despite record low interest rates and the pumping of liquidity into the system - the focus is clearly on Europe, where bond yields in Spain and Italy have been blowing out, threatening the same kind of refinancing problems that have already smitten Greece, Ireland and Portugal. The European Central Bank (ECB) disappointed investors on Thursday by buying Irish and Portuguese bonds but not Italian or Spanish. “Would the ECB please get serious,” Berenberg private bank said in a note. “We need a circuit breaker to stop the vicious circle in which fear feeds on fear.” Intervention The Swiss franc hit a record high against the euro but later fell back as nervous traders worried about intervention. The yen edged higher and bounced away from a three-week low hit the previous day on Japan’s massive yen-selling intervention, but concerns that the Japanese could intervene again limited the currency’s gains. The combination of concerns kept the dollar relatively steady against a basket of major currencies. Bond markets were relatively stable, despite the stock route, short-term core European government debt was in demand. But Italian 10-year government bond yields rose above their Spanish equivalent. Italy has emerged as the market’s major concern after a rescue deal that was intended to stop the spread of the crisis failed to convince investors it had the firepower to ease pressure on the vast Italian bond market. a Emancipate yourselves from mental slavery - Bob Marley |
Anonymous Coward User ID: 1487602 United Kingdom 08/05/2011 07:51 AM Report Abusive Post Report Copyright Violation | Meanwhile, Italy is having a very volatile day, having started off by dropping 3%, but coming back strongly closer to flat. Quoting: Anonymous Coward 1494619Read more: [link to www.businessinsider.com] I would have though that would hace been the germans and french dumping huge ammounts of euros on the market to ensure the Italians dont default early. Whos turn will it be on Monday the US, Italy (again) or spain? |
TraderRob User ID: 1336183 United States 08/05/2011 08:01 AM Report Abusive Post Report Copyright Violation | Black Friday in the USA is about to begin... Quoting: Anonymous Coward 1316122Uhoh... hope my wife does not read this post. She will think it is shopping day. Have a nice day = GFY. GFY = Go Fuck Yourself. If this offends you then have a nice day. |
Anonymous Coward User ID: 1282080 United States 08/05/2011 08:03 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1282080 United States 08/05/2011 08:04 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1494736 United States 08/05/2011 08:07 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1494736 United States 08/05/2011 08:08 AM Report Abusive Post Report Copyright Violation | |
Dutchguy User ID: 1259147 China 08/05/2011 08:13 AM Report Abusive Post Report Copyright Violation | Straight outta MSM.. Dutch Financial market (AEX) is officially in Bear Market status. Wiki said this: Bear market A bear market is a general decline in the stock market over a period of time.[6] It is a transition from high investor optimism to widespread investor fear and pessimism. According to The Vanguard Group, "While there’s no agreed-upon definition of a bear market, one generally accepted measure is a price decline of 20% or more over at least a two-month period."[7] It is sometimes referred to as "The Heifer Market" due to the paradox with the above subject. Examples A bear market followed the Wall Street Crash of 1929 and erased 89% (from 386 to 40) of the Dow Jones Industrial Average's market capitalization by July 1932, marking the start of the Great Depression. After regaining nearly 50% of its losses, a longer bear market from 1937 to 1942 occurred in which the market was again cut in half. Another long-term bear market occurred from about 1973 to 1982, encompassing the 1970s energy crisis and the high unemployment of the early 1980s. Yet another bear market occurred between March 2000 and October 2002. The most recent example occurred between October 2007 and March 2009. [link to en.wikipedia.org] Last Edited by Dutchguy on 08/05/2011 08:16 AM The surest way to corrupt a youth is to instruct him to hold in higher esteem those who think alike than those who think differently. F. Nietzsche There is no way of fixing Stupid. Politicians: You need to do what we say, Not say what we do.. |
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