CAC 40 (weekly info)-no change (below mid)
trend=down
low= 2974.59
rev= 3278.56; mid= 3126.58
CAC 40 is back to March 2009 levels. It's below all SMA's. It closed below its 50.0% minor retrace (2830.17). It's making a confirming monthly 3LB low after reversing lower last month.
EEM (weekly info)-no change (below mid)
trend=down
low= 39.68
rev= 45.50; mid= 42.59
It appears that emerging markets are not the place to be either. It's below all SMA's. It's close to closing the gap (33.65-34.14) on the weekly chart from July 2009.
23 comments:
http://www.finviz.com/futures_charts.ashx?t=SI
~32 5/8
I guess those 'stories' of "Silver Crash" were on the right track..~
AAIP
http://www.bloomberg.com/news/2011-09-23/french-german-bank-cds-wagers-surge-amid-spreading-crisis-in-euro-region.html
French, German Bank Credit Default Wagers Soar
Major Event’
“The Italian downgrade was a major event,” said Gary Jenkins, head of fixed income at Evolution Securities Ltd. in London. That the nation wasn’t on review for a downgrade, typically the first step in cutting a rating, “is extremely unusual and in itself shows S&P’s concern,” he said.
Credit Agricole and SocGen had their long-term credit ratings cut one level by Moody’s Investors Service on Sept. 14. French and German banks have the biggest holdings of Greek debt, according to the Basel, Switzerland-based Bank for International Settlements.
Moody’s lowering of Bank of America Corp. and Wells Fargo’s ratings on Sept. 21 also helped push European bank-bond yield spreads wider, with the Barclays Capital Euro Aggregate Banking Senior Index climbing to a record 339 basis points, from 322 in the previous session.
Record Risk
The cost of insuring European bank bonds using credit- default swaps rose to a record this month, with the Markit iTraxx Financial Index of default swaps on the senior debt of 25 lenders and insurers climbing to as high as 314 basis points on Sept. 12, according to JPMorgan. The gauge fell three basis points to 299 as of 10 a.m. in London today.
Swaps on Deutsche Bank jumped to a record 225 basis points on Sept. 12, and now cost 210 basis points, from 96 basis points on July 1, according to CMA prices. Credit Agricole rose to an all-time high 322 basis points this month and are now at 310, from 130 at the beginning of July. Contracts tied to SocGen’s debt jumped to a record 435 in September, from 128 at the start of this quarter and are now at 413, according to CMA.
looky looky...
1108
Wasn't cv talking about the WEEKLY candle gap at 1108 about a month and a half ago?
& it's a Friday (today)
go figure
"This present window of opportunity, during which a truly peaceful and
interdependent world order might be built, will not be open for too long - We
are on the verge of a global transformation. All we need is the right major
crisis and the nations will accept the New World Order."
-- David Rockefeller
(1915- ) Internationalist billionaire, CFR kingpin, founder of the Trilateralist Commission, World Order Godfather
Source: Sept. 23, 1994
http://quotes.liberty-tree.ca/quote_blog/David.Rockefeller.Quote.B72F
"There will be no going back
to the era before September 11th, 2001,
to false comfort in a dangerous world."
-- George W. Bush
(1946- ) 43rd US President, Yale Skull & Bones Society
http://quotes.liberty-tree.ca/quote_blog/George.Bush.Quote.136C
"O liberty! O liberty! What crimes are committed in thy name!"
-- Madame Jeanne-Marie Roland
(1754-1793)
Source: November 8, 1793, her last words before being executed on the guillotine, quoted in Alphonse de Lamartine's Histoire des Girondins
http://quotes.liberty-tree.ca/quote_blog/Jeanne-Marie.Roland.Quote.2C89
ibid.
cv--
I hear ya about the whole 'Paper Ticket'-thing, though, it's too bad that you don't Trade some of those Ideas..
you, still, have Tax Bills to pay, Trading, or not, yes?
AAIP
By BRIAN MAHONEY
AP Basketball Writer
(AP:NEW YORK) No labor deal, no training camps and no telling what else the NBA could lose.
The lockout is about to start inflicting damage on the preseason schedule _ and neither players nor owners can say what will happen to the real games.
The league will cancel training camps and some exhibition games Friday after failing to reach a new collective bargaining agreement with its players, a person with knowledge of the plans told The Associated Press on Thursday on condition of anonymity because the league had yet to announce its plans.
Training camps were expected to begin Oct. 3, and the exhibition openers were set for Oct. 9.
But the cancelations, first reported by Yahoo Sports, became unavoidable after another meeting between players and owners Thursday failed to end the lockout, which began July 1.
While providing no details of the meeting, Commissioner David Stern acknowledged that "the calendar is not our friend" when it comes to keeping the season intact.
Stern said he had "no announcement to make today" regarding any postponements or cancelations, but they became a certainty with no breakthrough Thursday. Talks are not expected to resume until next week.
The league is at about the same point as when it postponed camps in 1998, the only time it lost games to a work stoppage. The decision then came on Sept. 24 for camps that were set to begin Oct. 5.
The regular season is scheduled to open Nov. 1, with the NBA champion Dallas Mavericks hosting the Chicago Bulls in the first game. Though both sides repeatedly have said there is still time for a deal that would leave the regular season unaffected, neither would say so Thursday _ with union president Derek Fisher of the Lakers using nearly the same words as Stern about the coming weeks...."
http://news.ino.com/headlines/?newsid=689808582382
Is the NBA going to be 'Hoopin' it up', this Winter?
ibid.
no
@AAIP
Death & taxes... always come calling...
To me... It's all about one's state of mind 'between the whistles'...
I don't like to put a lot of thought & work into something, only to be whipsawed around by greedy, unethical, 'interested' parties...
If you wait around long enough, the market will come to you...
That's ONE PERSON's POV...
@AAIP
To me... the END GAME is still the same (of course, it's only MY POV in a sea of POV's, nevertheless... it's mine)...
That end game is the destruction of the fiat currency in terms of what physical goods it can procure you...
So if I think that, I basically have two choices...
1. TRADE with it, HOPE I'm successful (which I may or may not be)... Then CASH OUT at precisely the right moment... Oddly enough, I've found that 'cashing out' part of it to be a particularly daunting task... It literally takes years & years to accumulate the right things to survive a fiat collapse... I'm not even close to having what I think is necessary & I've been doing it for more than 8 years now...
2. Go about my business storing nuts... Frankly - I'm starting to like all the ridiculous 'parlor games' that politicians & central bankers keep playing to try and keep the dying patient alive... It BUYS MORE TIME... Time that I didn't think I'd have the luxury of having even only a few short years ago...
People keeps getting sucked into the idea that it can keep going like this forever... Even now, I'm beginning to believe that they've bought enough time to take us through the next elections (which I may be right or wrong about)... But it doesn't matter... Because my BET isn't whether it will or will not last that long or beyond...
I think the final unraveling will occur quite suddenly... Nobody will be totally prepared, but many will be totally unprepared...
"2. Go about my business storing nuts... Frankly - I'm starting to like all the ridiculous 'parlor games' that politicians & central bankers keep playing to try and keep the dying patient alive... It BUYS MORE TIME... Time that I didn't think I'd have the luxury of having even only a few short years ago..."
"...I think the final unraveling will occur quite suddenly... Nobody will be totally prepared, but many will be totally unprepared..."
cv--
definitely.
this:"...Nobody will be totally prepared..."
is the Risk..
this:"...but many will be totally unprepared..."
will be a _______ Tragedy..
~~~
"...That end game is the destruction of the fiat currency in terms of what physical goods it can procure you..."
many peep feel safe that that will not 'come to pass'...it doesn't have to..the reduction, alone, of the purchasing power will beggar many..
AAIP
This looks and feels like a dead cat bounce on the S&P500.
@AAIP
Who knows...
FIAT will eventually collapse (as that's the way it's been throughout all of recorded history)...
Someone willing to bet AGAINST that notion would probably use the argument... "Yeah - but nowadays we're SMARTER & more TECHNOLOGICALLY advanced - so we can AVOID it"...
BWWWWAHAHAHAHAHAHAHAHAHAAHAHAHAHAHAH!
Yeah, the fools in office now are so much smarter than the fools of yesteryear...
---
Anyway - it might take a long time for fiat to collapse (& it easily may take longer than my own lifetime)...
I'm just basically philosophically opposed to playing in a failing system...
That certainly leaves me open to finger pointers that would tell me that I still have to use the system on a daily basis to transact (which is very true)... But I basically try to keep my need to do so at rock bottom minimum...
Surely, if I had a family to support I'd feel differently... So I'm not pointing fingers in the other direction...
whoa. just looked at Silver and Gold....
my oh my.
http://www.finviz.com/futures_charts.ashx?t=ZW
Wheat! On the Comeback Trail..~
ibid.
maybe there's some support of Silver at $27
AT,
A-B-C on Silver from the highs earlier this year?
gold probably in a triangle still I'm thinking....
http://www.finviz.com/futures_charts.ashx?t=SI&p=d1
re: Silver
in here, ~30 +/-
seems like a spot where it could hold on..(?)
I took a long punt on silver here, nothing major
seems it's coming to trendline drawn from late 09 lows, whether or not it ultimately holds we'll see but could be decent for a bounce
call options got uh....taken out, there, today.
At 4:00PM EDT: 3.18 +0.17 (5.65%)
http://finance.yahoo.com/q/op?s=S+Options
that "Double Bottom"-theory seems to holding in there..
ibid.
what a great match...
N
ØBAMA
CHILD LEFT BEHIND
N
ØBAMA
JOBS
...and somewhere else in this world, there may be something faster than HFT
Moneyball= Damn Goood
good to hear Bruce, looks like a cool movie to me
AAIP, nice call on the S, hoping you got some of that....
I apologize for no Corner this evening. I had a funeral to go to and a doctors appointment after that.
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