Best Of The Best Share Discussion Threads

[traderabc] 22/5/2010 01:09

Jim Rogers: A Bull in China (1/5)

[navyan] 21/5/2010 14:18

yeah trader, you were right re Heng Sheng index, the Shanghai main index also broken the big triangle and fell with Heng Sheng. good call!

Chart of the Day
How is the stock market performing? It all depends on how you measure. When measured in US dollars, the Dow currently trades approximately 28% below its all-time record high. However, when measured with that other world currency (gold), the picture is even more bleak. To help illustrate the point, today's chart presents the Dow divided by the price of one ounce of gold. This results in what is referred to as the Dow / gold ratio or the cost of the Dow in ounces of gold. For example, it currently takes 8.5 ounces of gold to "buy the Dow." This is considerably less that the 44.8 ounces back in the year 1999. When priced in gold, the US stock market has been in a severe bear market for the entire 21st century.

[traderabc] 21/5/2010 09:34

Thursday, May 20, 2010
Eventually the Euro will break up says Jim Rogers




I only see two bubbles in the world, one is Chinese urban real estate and the other is the United States government bond market.

[traderabc] 20/5/2010 13:57

[KR44] Keiser Report – Markets! Finance! Scandal! – And The Gold Standard with J.S. Kim!

[traderabc] 20/5/2010 13:26

Jim Rogers: Bloomberg May 12, 2010

[traderabc] 20/5/2010 13:21

Jim Rogers:Dan MangruReport May 16, 2010

[traderabc] 20/5/2010 12:52

navyan - 12 May'10 - 20:49 - 1564 of 1565

The proposed 6 billion cut?

Too little too late.

I'm disgusted with the wanton waste of Government (left or right, but always wrong), these fools apparently still want to spend a few billion on Trident, it would be laughable if it wasn't us who will have to pay for it. The Conservelib support of our two illegal and immoral commodity wars is also total affront to common sense and decency.

Some consolation is that they have come to their senses regarding the expansion of Heathrow and Stanstead, also they appear to want to give back some of our stolen civil liberties, so there is some good news out there.

I dread to think what would happen if the Milliband duo get power one day, it's not something I care to worry about as there are more pressing issues at hand presently.

By the way navyan, was I right about the Heng Seng, did it make it to the high end of the range? I guess it is now considerably lower.

[navyan] 12/5/2010 20:49

what's you guys view on the new goverment's 6Billion cut then?

Tory has commited to cut 6Billion from the economy now, aiming to reduce the deficit and win some confidence from the market. But they have forgot reducing deficit will be depending on the economic growth, and economic growth is still very much relying on the stimulus at this moment in time, withdrawing the support and stimulus now is bad timing. Mervyn King is backing this today, but as soon as he open his mouth saying how great this plan is, pound started to crash. Market just dont believe the optimistic earning forecast from banks, these figure have already been priced in by the market, and now if the new government starting to withdraw support, the real figures will be much worse in months time, hence the market will react to this.

Take 6BN out of the fragile economy+public spending cut now------Unemployment rise higher------people have less money to spend-----busness will suffer---less income for the government---higher tax and more cut to pay down deficit with higher bond yield---worse economy---more people lose jobs.... Brition will suffer in the next 4 years, I am not a Labour supporter, but I think Labour Miliband brothers will take over the power in 4 years time. market has cycles, politics also has cycles.

[traderabc] 11/5/2010 13:46

Movie futures? Cheese futures? What next?



[KR40] Keiser Report – Future Made in China?
May 11th, 2010 by stacyherbert
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Stacy Summary: This week we look at whether or not, as Western economies collapse under the weight of all their debt, China can save the world economy. In the second half of the show, Max interviews Paul Midler, author of "Poorly Made in China", about China's $300 billion rail projects; how restricting liquidity in a command and control economy actually accentuates misallocation of resources; and about having to hire lawyers to find out what is in his shampoo.

[traderabc] 11/5/2010 12:04

Monday, May 10, 2010
Jim Rogers Silver is Better Investment than Gold

Jim Rogers Says Yuan Revaluation A Question of Timing May 10 Bloomberg

[traderabc] 10/5/2010 20:52

Is Sovereign Debt Crisis Contained to Subprime?

Peter Schiff
May 10, 2010

As Americans observe the chaos in Greece, most assume that the strength of our currency, the credit worthiness of our government, and the vast expanse of two oceans, will prevent a similar scene from playing out in our streets. I believe these protections to be illusory.

Once again the vast majority fails to see a crisis in the making, even as it stares at them from close range. Just as market observers in 2007 told us that the credit crisis would be confined to the subprime mortgage market, current analysts tell us that sovereign debt problems are confined to Greece, Spain, Portugal, and perhaps Italy. They were wrong then, and I believe that they're wrong now.



"When more of the people's sustenance is exacted through the form of taxation than is necessary to meet the just obligations of government and expenses of its economical administration, such exaction becomes ruthless extortion and a violation of the fundamental principles of a free government."
-Grover Cleveland (Mar 18, 1837 - Jun 24, 1908) 22nd & 24th President of the United States. Thanks Tom

[spec124] 09/5/2010 19:10

Here here !

[traderabc] 09/5/2010 19:07

"Somebody should hang this New York Stock Exchange. They claim to be the center of the world's capitalism, of the world's financial markets, you would think that in 2010 they could sort out simple things like electronics."

Jim Rogers On CNBC May 6 ,2010

[traderabc] 09/5/2010 19:05

5/6/10 Jim Rogers on Bloomberg: Stock Market Plunge is "Normal Correction"

[traderabc] 09/5/2010 13:12

Plunge in US equities remains a mystery


Michael Mackenzie and Henny Sender
Financial Times
May 8, 2010

The day after $1,000bn was briefly wiped off the market value of US equities, traders were still trying to work out what caused share prices to plunge and then rebound so dramatically in a matter of minutes.

The conventional wisdom held that an incorrectly typed sell order – one that confused "billions" for "millions", for example – was the likely culprit.

"The trigger for the sell-off was most likely some kind of errant order, a fat-finger typo, which set off a chain reaction of selling," said Sang Lee, managing principal at Aite Group. "I would be shocked if that was not the case as the fall in stocks was so sudden and extreme."

However, despite the persistence of this story, officials were struggling to identify a specific cause. "We still don't know what was the initiating signal for the trading activity we saw on Thursday," said Jeff Wecker, chief executive officer at Lime Brokerage. "The verdict is still out."

[traderabc] 09/5/2010 13:08

Why the Dow Plunged 1000 Points in 8 Minutes
by Cris Sheridan | May 7, 2010
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According to one article I found (link here) there are at least 8 different possible explanations for yesterday's mayhem. They are:
A Bad Trade
A Computer Glitch
Cascading Stop Losses
Hackers
Cyberterrorism
Fear of the European Debt Crisis Spreading
Stop Hunting in the Forex
A Real Panic

[traderabc] 09/5/2010 12:47

Feds trace flash crash to Chicago

[traderabc] 09/5/2010 10:45

Interesting piece on the North Dakota bank (part 3), why do I have to learn of this potential solution to the banking crisis from a fringe Internet show? Why isn't this front page news?
It's a fkn conspiracy, I tell you. Our whole rotten culture is based on a legacy of lies and omission of the truth, when you realize this expect to labeled as a tin foil hat wearing loon.
Ellen Brown and the like should be running things, until they are expect things to get worse, much worse.


[OTE53] On the Edge with Ellen Brown
May 8th, 2010 by stacyherbert
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Stacy Summary: On the Edge; guest is Ellen Brown to talk about High Frequency Trading and more.

[traderabc] 08/5/2010 08:14

Rep. Alan Grayson: You Own the Red Roof Inn, Thanks to the Fed

[traderabc] 07/5/2010 19:13

CFTC Warns, GOLD/SILVER Spikes?

Hmmmm....

WASHINGTON (Dow Jones)--The U.S. Commodity Futures Trading Commission issued a warning to the market on Friday to remind participants that speculative trading limits apply throughout the trading day as well as at the end of trading.

Timestamp, 11:15 Central time

Now let's look at two charts.

[traderabc] 07/5/2010 18:58

Gold's £800 Goodbye to Gordon Brown
by Adrian Ash, Editor, Bullion Vault | May 6, 2010
Print

As Britain goes to the polls, gold says "Goodbye" in fine style to the man who dumped half the UK's reserves on the market in May 1999...

HOW SWEET of gold to mark Gordon Brown's last day in power with a new all-time high against the Pound Sterling.

He did so much, short term, to dent the former. But his famous "prudence" – in truth, an abject misreading of both economics and history – has in fact worked to destroy the latter instead.

Perhaps today's valedictory jump...leaping 3.7% to touch £805 an ounce...was just one last blow-off to mark Brown's political passing. But the gold price in Sterling looks more ironic than toppish given his legacy of debt.

[navyan] 07/5/2010 17:42

contrarian2investor - 7 May'10 - 13:16 - 1547 of 1549


:)

[traderabc] 07/5/2010 14:24

Must Hear: Panic and Loathing From The S&P 500 Pits
May 7th, 2010 by stacyherbert
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Stacy Summary: This is awesome fun to listen to, from 1 minute mark it really gets exciting. Kudos to Zerohedge for getting this: Panic and loathing from the S &P 500 Pits.

[masurenguy] 07/5/2010 13:31

NYSE, Nasdaq Cancel Some Trades at Height of Thursday's Volatility

The New York Stock Exchange and the Nasdaq OMX Group say they will cancel trades involving stocks that saw sharp volatility at the height of the market's steep intraday decline Thursday afternoon. The NYSE Arca unit of NYSE Euronext (NYX: 29.85, 0, 0%) and Nasdaq, as well as other markets, planned to cancel all trades executed at prices that were greater than or less than 60% away from the last printed price prior to 2:40 p.m. Eastern time, up to 3 p.m.

The cancelled trades could change how the major indexes actually closed. For instance, there was a questionable trade in Procter & Gamble (PG: 60.76, 0, 0%) that many in the market blamed for accelerating the selloff, which, at its nadir, saw the Dow Jones Industrial Average off 998 points. It eventually closed down 347.80 points to close as 10520.32. There were also market rumors that a trader made an erroneous sell order for billions of shares of the e-mini futures traded at the Chicago Mercantile Exchange. CME Group (CME: 321.39, 0, 0%) said in a statement that its markets functioned properly and without issue.

Under the Nasdaq's cancelled-trades notice, the P&G stock price would conceivably stand, but furious electronic trading caused several stocks to lose almost all of their paper value. Consulting firm Accenture (ACN: 41.08, 0, 0%), for instance, started the day at $41.94 a share, but a trade crossed for the stock at just 1 cent a share. That would effectively have wiped out $30 billion in market capitalization in a single trade. Likewise, energy company Exelon Corp. (EXC: 41.836, 0, 0%) had a print cross at zero cents, wiping out nearly $29 billion in value. Both stocks closed with far more modest losses. Neither trade actually crossed at the New York Stock Exchange, where both are listed. Rather, they were traded on electronic platforms.

The frantic selling is sure to revive calls for curbs on what's known as high-frequency trading, which relies on computerized trades executed within fractions of seconds of either news or trades in other stocks. It is believed that the P&G trade – at $39.37, off an opening price of $61.91 -- prompted a steep drop in the value of the Dow, which, in turn, prompted programmed selling that cascaded into a freefall. Within 10 minutes, the Dow Jones Industrials fell close to 700 points – an unheard-of drop for a major stock average. But computers acting on algorithms, rather than traders, were in control of many of the transactions during that period.