Dow

Graham_Devon

StevieJ wrote: »

Good of Dev to keep the thread going BTW Ftse in healthy start, these markets don't wish to lay down.

Told you you only post when it's up!

chucky

sabretoothtigger wrote: »

Nah I bet it'll drift till autumn just like it drifted in december till jan brought volume & pressure.
Then if that happens it might mean cheap shares depending on if thats even possible with uncertain earnings.

Theres always cheap shares somewhere if you can guess whose fortunes are turning. My general bet is foreign earnings and commoditys but I expect 'price improvements'

look like the FTSE isn't liking it... dropping...

inspector_monkfish

13:52 02Jul09 Dow Futures Down 120

London, July 2.

The risk-sensitive pound has taken a hit on the back of June"s much worse than
expected US non-farm payroll number, with EUR/GBP rallying by more than a
quarter-penny from the intra-day low of 0.8545 which was plumbed into the
12:30GMT US jobs data. Dow futures are currently down 120 points.

ECB President Jean-Claude Trichet says "inflation moves in short term are not
relevant for monetary policy" but "will effectively counter any inflation threat
in mid-term in timely way" and "once macroeconomic environment improves, measures are quickly unwound" (Reuters). The Q&A segment of Trichet"s monthly press conference is about to begin.

EUR/GBP scaled a three-week peak of 0.8629 during the European morning.
0.8565-0.8586 was today"s Asian session range. 0.8437 was Tuesday"s 8-day low(post-Nationwide UK house price data).

bubblesmoney

this might interest some who invest in shares.

The economist and popular monetary lecturer of the 1970s and ‘80s, Dr. Stuart Crane, left nothing to the imagination in his vivid description of the inner workings leading up to the Great Crash. His intriguing narrative is worth repeating:
“In 1925, ’26, ’27 the Federal Reserve started its first real money game. Up until this time they were still cautious and hadn’t really gotten the feel of things. They decided it was time to play round one of the milk game. What they did was they bid up stocks and up they were going. You start bidding up stocks a little, up limit, up limit, up limit, and the little guys were watching this take off and saying, ‘Hey, let’s go buy some.’ And they go and buy a little. And they start making easy money, then pretty soon they’re doubling up with 10 percent down, margin for the 90. But they’re making millions. Every time stocks move up with a 10% rise they double their money. The only problem is that the opposite is true when stocks come down. It’s great on the upswing and it’s disaster on the way down. But for four years this game of pushing up stocks is played with the pundits declaring, ‘There’s no end, there’s no horizon, it’s going to last forever!’
“In March 1929 there was a little meeting in New York. After that meeting, Bernard Baruch sells out [of stocks], the Rockefellers sell out, the Kennedys sell out, all the big bankers sell out and the big people were out by August. Then the Federal Reserve cut the money supply four times in a month with four drastic reductions of the money supply. Then one day in October the banks called all their loans on all their margins in a minute. Every bank on the money desk – and these were call loans, callable on demand – all these people had their stock on margin borrowing 90% and they had to pay off now.
“Well they went to the banks and the banks and they were calling. They run to the market and everyone’s trying to sell, who can buy? The banks had shut their loans off, the call desks were closed, the windows were slammed down. They shut all the money off and all these people were running around trying to sell; they had to sell 10% down and they were wiped out. All the people who weren’t on the inside were gone.” [Dr. Stuart Crane, New Brighton, Pa., lecture, 1981]
Bernanke also points to the Fed’s involvement in bringing about the stock market crash of ’29 in “Essays” when he writes, “Our analysis provides the clearest indictment of the Federal Reserve and U.S. monetary policy. Between mid-1928 and the financial crises that began in the spring of 1931, the Fed not only refused to monetize the substantial gold inflows to the United States but actually managed to convert positive reserve inflows into negative growth in the M1 money stock. Thus Fed policy was actively destabilizing in the pre-1931 period.” He further concluded that “because of the size of the U.S. economy…our methods attribute a substantial portion of the worldwide deflation prior to 1931 to these policy decisions by the Federal Reserve.” [Bernanke, p. 111].

http://www.financialsense.com/editorials/droke/2009/0629.html

now the same game of passing the parcel and milking the system is going on with program trading and to hide that they seem to be decreasing the disclosure about principal trading and what percentage it consists of share trading. they already have pushed liquidity into the system. it is only a matter of time when they repeat their old games again with prior notice to the big player and squeeze the small individual investors in the bargain just like the previous time.
Is Goldman Legally Frontrunning Its Clients?

http://www.youtube.com/watch?v=g0U1vMUa2sc&

http://zerohedge.blogspot.com/2009/06/nyse-halts-transparency-feels-goldman.html

http://zerohedge.blogspot.com/2009/04/incredibly-shrinking-market-liquidity.html

sabretoothtigger

I think it applies to shares especially that 'success breeds its own downfall'.
Its like an ironic thing that if you make a few good calls you have to be careful not to be too triumphant because the market wants to take this money right back off you.

I once gained 50 units in about 2 mins and I let the (very small) position ride thinking well I could make more, unfortunately in the next 2 mins I lost it right back again.
Every time I make any money I know somehow it has now become more likely I will lose it


I dont believe in conspiracy theories really especially over something like this, people just engineer their own mistakes through greed I guess.
The regulators should be above it with no short term gain but then we have presidents who have their four year term times two.

Even more broken then capitalism in usa is the democracy system, its way over my head but I would support that argument more then anything especially hidden from the masses.
The mistakes are all right there mislabelled as great ideas, theres nothing more harmful then good intentions built on bad principles

bubblesmoney

sabretoothtigger wrote: »

I think it applies to shares especially that 'success breeds its own downfall'.
Its like an ironic thing that if you make a few good calls you have to be careful not to be too triumphant because the market wants to take this money right back off you.

I once gained 50 units in about 2 mins and I let the (very small) position ride thinking well I could make more, unfortunately in the next 2 mins I lost it right back again.
Every time I make any money I know somehow it has now become more likely I will lose it


I dont believe in conspiracy theories really especially over something like this, people just engineer their own mistakes through greed I guess.
The regulators should be above it with no short term gain but then we have presidents who have their four year term times two.

Even more broken then capitalism in usa is the democracy system, its way over my head but I would support that argument more then anything especially hidden from the masses.
The mistakes are all right there mislabelled as great ideas, theres nothing more harmful then good intentions built on bad principles

yes but efforts by stock exchanges to reduce the disclosure they have been doing till now in order to hide the dominance of a few big player just increases the opaqueness of the system for the smaller individual player. the authorities seem to be loading the dice against the individual investor in favour of the bigger player. people should have a level playing field.

it is not uncommon anyway, things like front running, insider trading etc, happens on all stock exchanges around the world. only a few get caught.

for eg. see this stock . even in the down turn this is trading at around 645 now. what if i told you connected people 'seem to have' got tips at when this was trading at 7 a few years ago and even 25 a few years ago. think of how much the gain was if bought at 7 and now after crash it is 645 and that gain is excluding dividends. same happens in commodities like cotton. i am pretty sure it will be the same in other markets too as the same players play the global markets. it is not just companies, govts play the game too, why do you think govts have economic attaches in embassies, isnt it to get useful financial info that they give to their select buddies. why do you think these attaches hand out goodies and 'entertain' people. govts dont get the benefits instead select buddies get the benefits of such info by word of mouth. not much happens in writing.

sabretoothtigger

Thats a great site, useful. That stock seem to follow the general market in that there was exponential growth in this decade for India

I think its only to the benefit of a market if things like insider dealing dont happen, if its being allowed then thats a reason to avoid that exchange I guess


If you want a dodgy american stock it would be DNDN, massive manipulation for some reason with people selling its shares when they dont own them and never deliver them

http://www.marketrap.com/article/view_article/91102/the-madoff-exemption-and-the-story-of-dendreon-chapter-2

http://www.investorguide.com/stock-news.cgi?ticker=DNDN

bubblesmoney

sabretoothtigger wrote: »

Thats a great site, useful. That stock seem to follow the general market in that there was exponential growth in this decade for India

I think its only to the benefit of a market if things like insider dealing dont happen, if its being allowed then thats a reason to avoid that exchange I guess


If you want a dodgy american stock it would be DNDN, massive manipulation for some reason with people selling its shares when they dont own them and never deliver them

http://www.marketrap.com/article/view_article/91102/the-madoff-exemption-and-the-story-of-dendreon-chapter-2

http://www.investorguide.com/stock-news.cgi?ticker=DNDN

interesting to see a name (kramer) of a presenter on a financial news channel cnbc getting mentioned in quite a few reports of insider trading as seen on the 1st link you gave. i remember reading in an article about goldmansachs about him as well. i think i have posted a link on this board about that article but dont remember which thread though. kramer is an ex goldmansachs person and a hedgefund manager or was one. his partner or chief operating officer seemingly named him in some scam about ramping up shares as can be read on the goldmansachs article. also in another recent rant he wanted less democracy and less disclosure regarding BOA acquisition of merryl etc when reports of armtwisting by the fed to secure the sale turned up in the public domain. cant remember the link to that srticle though. after seeing all those reports i dont bother giving much credence to cnbc analysis. says much about a networks probity if they have such presenters among their star performers.

but news networks as a whole have their interests to grind as well, so any news networks views will be coloured by that, as will anyone elses opinions, whether conciously or unconciously i think. kramer seems to have done extremely well during his days as a hedge fund operator though. but some of his practices are questionable to say the least.

Market manipulation
In March 2007, a December 2006 interview from TheStreet.com's "Wall Street Confidential" webcast stirred controversy after it appeared on YouTube.com.[14] In the video, Cramer described activities used by hedge fund managers to manipulate stock prices - some of debatable legality and others illegal. He described how he could push stocks higher or lower with as little as $5 million in capital when he was running his hedge fund. Cramer said, "A lot of times when I was short at my hedge fund...When I was positioned short--meaning I needed it down--I would create a level of activity beforehand that could drive the futures." He also encouraged hedge funds to engage in this type of activity because it is "a very quick way to make money".[15]
Cramer stated that everything he did was legal, but that illegal activity is common in the hedge fund industry as well. He also stated that some hedge fund managers spread false rumors to drive a stock down: "What's important when you are in that hedge-fund mode is to not do anything remotely truthful because the truth is so against your view, that it's important to create a new truth, to develop a fiction."[15] Cramer described a variety of tactics that hedge fund managers use to affect a stock's price. Cramer said that one strategy to keep a stock price down is to spread false rumors to reporters he described as "the Pisanis of the world". The comment was a reference to CNBC correspondent Bob Pisani, who reports from the trading floor of the New York Stock Exchange. "You have to use these guys," said Cramer. He also discussed giving information to "the bozo reporter from The Wall Street Journal" to get an article published.[16][17] Cramer said this practice, although condemned illegal, is easy to do "because the SEC doesn't understand it."[18] During the interview Cramer referred to himself as a "banking class hero."[19]

SEC subpoena

In February 2006, an investigation by the U.S. Securities and Exchange Commission (SEC) into allegations of collusion between short-sellers and a stock research firm led to the serving of subpoenas to TheStreet.com and Cramer, as well as journalists for Dow Jones and Marketwatch.com. Still, it's possible the issue could be moot.[20] The SEC has indicated it has no intention of enforcing the subpoenas at this time.

http://en.wikipedia.org/wiki/Jim_Cramer

sabretoothtigger

All year sentiment high happening right now








I estimate a pull back before anything massively bullish like this, not all the earnings will be as nice

chucky

Graham_Devon wrote: »

Told you you only post when it's up!

Told you you only post when it's down!