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Share Name | Share Symbol | Market | Stock Type |
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Stobart Rfd | STOR | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
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142.50 | 142.50 |
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Posted at 12/8/2007 06:33 by energyi REMOVING THE STIMULUS of rising MEW-ingAs you notice, through the 90s MEW stayed flat. Then we see a sudden quarterly jump in 2001. The tipping point started in the late 90s and early part of the decade because many people started jumping ship from technology investments when most seasoned investors realized that annualized gains of 35 to 40 percent were not going to last. They did what any smart gambler would do, they took their winnings off the table. But here come the stragglers, Joe and Susie public, and go tech crazy. No need to dive into that $7 trillion debacle, but suffice it to say that bubbles do pop. As you will notice from the chart, MEW jumped at a whopping 2 to 1 ratio over the following years. Keep in mind that the bull argument was that money that was extracted from the home was being used to pay off debt and not splurge on consumption. Let take a look at some data from the Fed |
Posted at 27/11/2006 16:54 by energyi [b]U.S. Stocks Fall on Dollar Slide, Oil's Gain; Wal-Mart Declines[/b] By Michael Tsang and Nick Baker Nov. 27 (Bloomberg) -- U.S. stocks slipped after a decline in the dollar for a fifth day underscored concern that growth in the world's largest economy is faltering. Wal-Mart Stores Inc., the biggest retailer, slid after saying monthly sales fell for the first time in 10 years. Nokia Oyj, the biggest mobile-phone maker, retreated as a lower U.S. currency reduced the value of its dollar-denominated sales. ``The weakening dollar can show a potential lack of confidence among foreign investors in the U.S. economy,'' said Chuck Carlson, who oversees $110 million at Horizon Investment Services in Hammond, Indiana. Regarding Wal-Mart, Carlson said: ``If you're a big bellwether having some problems, that causes people to reconsider how strong the consumer is.'' An advance in oil prices also deepened concern higher energy costs will leave U.S. consumers with less to spend as the holiday shopping season gets under way. The Standard & Poor's 500 Index fell 9.34, or 0.7 percent, to 1391.61 at 10:59 a.m. in New York. The Dow Jones Industrial Average declined 95.17, or 0.8 percent, to 12,185. The Nasdaq Composite Index lost 29.12, or 1.2 percent, to 2431.14. The U.S. Dollar Index, which gauges the dollar's value against a currency basket including the euro, yen, Swiss franc, British pound, Canadian dollar and Swedish krona, declined to 83.25, the lowest since March 2005. The euro also advanced to the highest since March 2005 against the U.S. currency. Wal-Mart slipped 86 cents, or 1.8 percent, to $47.04 for the biggest decline in the Dow average. The company on Nov. 25 said November sales at U.S. stores open at least a year fell 0.1 percent, lower than the company's forecast of unchanged sales. The merchant marked down toys, electronics, appliances and groceries, while cutting prices on generic drugs. `Long Shadow' The slowdown at Wal-Mart may ``cast a long shadow over earnings,'' Merrill Lynch & Co. wrote in a note to clients. @: |
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