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noreply@blogger.com (emacro)
20091127 Dubai cris s jolting the markets is the order for the week that passed. Some charts of the world indices....noreply@blogger.com (emacro)
20091128 So the market is crashing. Well if you shorted the Emini S&P500 futures during the US morning session....well, the 5 min chart tells a thousand words. News headlines: (from Bloomberg.com) U.S. Stocks, Commodities Slide as Bonds, Dollar Gain on Dubai Debt Crisis • Dubai Woes May Escalate to `Major Sovereign Default,' Bank of America Says • Mobius Sees a `Correction' From Dubai Crisis as Das Predicts Risk Aversion • Dubai Debt May Exceed $80 Billion on Off-Balance-Sheet Liability, UBS Says • Black Friday Shoppers Crowd Best Buy, Target in Pursuit of `Elusive Game' • VIX Jumps the Most Since October as Dubai Seeks Debt Payment Postponement • AvtoVAZ to Get $1.7 Billion From Russia in Technology Accord With Renault • Greenhouse-Gas Pledges by China, U.S. May Drive Climate Deal in Copenhagen • Germany's Top Nazi-Hunter Finds `Best Break' in Years in Brazilian Archive noreply@blogger.com (emacro)
Nov 27 Msia on holidays, as equities and currencies/commodities crash as the dumb money runs for the exits. Dubai POTENTIAL default cited. The evil forces do time it very well, on Thanksgiving/Haj holidays.... It is times like this when you are thankful to be 'light' Cable 15 min shows the sell then covering... The 'breaking news' from bloomberg.com: (they use it to instill fear) Breaking News • Stocks, Commodities Drop on Dubai Debt Concern; Credit-Default Swaps Surge • Yen Strengthens to 14-Year High, Prompting Speculation Japan to Intervene • Japan's Hirano Says Rapid Currency Moves Are `Undesirable' as Yen Rallies • RBS Led Dubai World Lenders, HSBC Has Most at Stake in UAE, JPMorgan Says • Dubai Debt May Exceed $80 Billion on Off-Balance Sheet Liability, UBS Says • Shipping Has `Trouble Building Behind Dam,' Ex-Baltic Exchange Head Says • Sony, Toyota, Japan's Exporters Are on `the Edge of a Cliff' as Yen Surges • ...
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20091126 1715 Well, the 5 min chart of FKLI Dec 09 finally broke in the last 1/2 hour of trade... some news on cds, Dubai default?? Some more stuff on Dubai World saga. It is uncanny sometimes you get a feeling... divergence on the charts, then an event or catalyst brings it on. I was going to quote Benjamin Graham earlier, but might as well do it here. "At any point in tome, a stock can rise 50% from its low as well as fall 33% from the top" Worth keeping in mind.
