golden
Junior Member
Posts: 399
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Post by golden on Sept 4, 2011 9:28:32 GMT 10
Many a punter would be looking for a wise owl out there  Take it easy out there guys  g Attachments:
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Post by cyclops on Sept 5, 2011 11:54:16 GMT 10
US markets closed tonight.
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The September Reserve Bank board meeting is in Perth tomorrow, and there's a major speech in Perth the next morning from RBA Governor Glenn Stevens, plus we have Thursday's release of the jobs data for August.
But the most important release here will be the June quarter national accounts on Wednesday which could be better than expected.
Some forecasters (such as the NAB and the AMP), are predicting a quarterly growth rate of 0.9% for the three months to June.
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However the focus is on what will happen on Wednesday in Germany.
It's the big, big day for global markets.
Chancellor Angela Merkel has cancelled a trip to Russia for that day (September 7) because that's when the latest bailout package goes to the Bundestag for discussion and approval, while the country's constitutional court rules on the legality of the EU's bail-out machinery.
If the court rules that the 440 billion euro rescue fund (the EFSF) breaches EU Treaty law or undermines German fiscal sovereignty, it risks setting off an instant bushfire across not only the eurozone, but the entire EU.
If that happens, then Germany will not be able to support the bailout fund, the bailouts of Ireland, Greece (2) and Portugal will be in doubt and the European Central Bank which is currently supporting banks in Spain, Italy, Greece, Ireland, Portugal and other countries (and Spain and Italian sovereign debt at the moment) will be left high and dry and vulnerable.
If it goes badly expect a bloodbath ................
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Post by cyclops on Sept 7, 2011 9:59:26 GMT 10
Stocks may have logged their third straight loss, but they managed to fight back from losses of more than 2% to finish the day at session highs.
Futures are higher after hours: S&P 500 futures are +2.62 from fair value of 1164.18 and Nasdaq100 futures are +2.00 from fair value of 2167.20.
Tomorrow morning before the open, one economic report is scheduled to be released: MBA Mortgage Index
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Post by cyclops on Sept 8, 2011 10:29:22 GMT 10
An improved tone abroad brought buyers back into the fold today. Support was unwavering.
Futures are higher after hours: S&P 500 futures are +2.16 from fair value of 1197.84 and Nasdaq100 futures are +1.49 from fair value of 2223.51.
Tomorrow morning before the open, three economic reports are scheduled to be released: Initial Claims (Consensus 400K), Continuing Claims (Consensus 3700K), and Trade Balance (-$51.5B)
And Obama is going to give a speech Obama regarding plans to propose boosting job growth by injecting more than $300 billion into the economy next year mostly through tax cuts and infrastructure spending.
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Post by cyclops on Sept 9, 2011 9:57:11 GMT 10
Stocks slid to a 1% loss amid a lack of leadership today. Financials were a considerable source of weakness.
Futures are higher after hours: S&P 500 futures are +0.4 from fair value of 1179.2 and Nasdaq100 futures are +0.4 from fair value of 2209.6.
Obamas speech including a $450 billion plan to boost jobs and put cash in the pockets of dispirited Americans hasn't had much of an impact on DOW futures ... down a few points.
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Post by fastoy on Sept 10, 2011 6:16:38 GMT 10
put cash in the pockets of dispirited Americans
That has to be is a statement from a journalist who hasn't actually been there recently. In wide travels around the US from New York to California, and 10000 road kms in the southwest over last six weeks, - that's not my perception. I talked to people who's house values have crashed and they are simply resigned to staying put for now. You would never know from the amount of travel, motel occupancy, and tourists about, that Americans are 'dispirited'. Sounds glib but not accurate.
There is plenty of money about, but confidence in the future actions of the Government is a main concern. As here, when people don't trust the Government to manage, they stop expanding their horizons.
There has always been a discrepancy on what America is really like, versus the TV images and slants we see at home. That gap has never been wider than now in my opinion.
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