Stocks, Dollar May Gain on Hussein Capture; Oil, Bonds May Drop

Bloomberg.com ^ | !5 December 2003 (London date) | Bloomberg Staff

[Grampa Dave]

Dec. 15 (Bloomberg) -- Stocks worldwide may gain and the dollar rose from a record low against the euro following the capture of the former Iraqi leader Saddam Hussein. Oil and bond prices are likely to drop.

The Dow Jones Industrial Average may gain 80, or 0.8 percent, according to City Index, a U.K. betting company. The U.K.'s benchmark FTSE 100 Index may open 60 points higher, or up 1.4 percent, City Index said.

[Grampa Dave]

Tomorrow might be a very interesting day with the US markets.

Remember that Bloomberg.com is about as liberal as the Ny Times.

[Grampa Dave]

Lets hope it is a great week!

Maybe, ole Georgie $oreA$$ will take it in his shorts which he probably made Friday to try and reverse the Dow going over 10,000 and staying there.

[Dog]

Asian markets are opening at this hour..

Aussie market just opened.

[Grampa Dave]

New Zealand's markets on their open: "New Zealand's Top 50 Gross Index rose 12.39, or 0.5 percent, to 2396.90 at 11:02 a.m. in Wellington. The biggest contributors to the index's advance were Telecom Corp. and Fletcher Building Ltd."

[Grampa Dave]

Fyi.

We could see a positive response around the world as 15 December markets open first at New Zealand and then Australia and then west around the world.

[Enterprise]

When oil prices rise, the stock market drops. When oil prices drop, the stock market rises. This is very very bad news for the Democrats.

[Dog]

According to the Sydney Morning Herald the aussie markets are opening higher.

Half way down the page...

SMH

[Grampa Dave]

http://finance.yahoo.com/q?s=^AORD&d=t

Dec 15 Aussie Market:
Change: 23.900 +(0.74%)

[Grampa Dave]

Enterprise posted: "When oil prices rise, the stock market drops. When oil prices drop, the stock market rises. This is very very bad news for the Democrats."

Beck is Right is on the same table with you on this. Hopefully, he will share his prediction of what will happen to the price of oil.

[SauronOfMordor]

Aussie and New Zealand markets up. European markets should provide a good indication of how things will go as they open in the early morning hours

[Enterprise]

Oh man, could it ONLY be TRUE. Soreass taking a brutal beating betting on the EURO!

[SAJ]

Tomorrow???

Grampa, the forex mkts are already open (and the USD is up sharply), Asia is open (stocks well higher), the energy mkts open in 24 minutes, and the bonds in 3 hours.

By tomorrow, you'll have seen the bulk of this event-driven move...well, maybe into Tuesday, as numerous shorts get chased out of positions.

GREAT opportunity to write EUR puts, and Jan unleaded gas puts tomorrow (can't do it tonight, the options don't trade).

[Grampa Dave]

Thank you kind sir for that link!

The opening of 15 December in those markets is trending quite well.

[Grampa Dave]

Depends on where tomorrow is, and where we are tomorrow, today or yesterday.???

Please do us a favor and provide the links and what is happening. I will be out of here for the rest of the day in less than an hourd.

You are touching on my frustration. When I heard about the capture, I was saying how can I make some calls to take advantage of this?

You are much more of an expert on the international finances than I am. So please keep us posted as 15 December rolls around the world.

[woofer]

This is very very bad news for the Democrats.

Bwahahahahaha!

They'll be stuttering at the DNC tomorrow.

When you lash your sleigh to a stallion, like they have to a weak economy and a quagmire in Iraq, you're in for a wild ride.

[tubebender]

Gold is down in overseas markets so the dollar may rally... http://www.kitco.com/

[SauronOfMordor]

The opening of 15 December in those markets is trending quite well.

Yes indeed. Japan and S Korea opened a little while ago, and are strongly up.

[SAJ]

EUR, CHF, and GBP are rallying handily vs. USD even as I type this. I **really** do not think Saddam's capture is a major mkt-moving event, bar the psychological euphoria, which will likely, IMNNHO, be short-lived. You can follow real-time forex prices at:

http://www.global-view.com/beta/forums/forum_ticker.html?f=1

15-minute delayed energy, bond, and stock index futures at:

http://www.mrci.com/qpnight.asp

No registration or password at mrci, just jump right on.
To use this site in the day session tomorrow (that's U.S. tomorrow (g!), simply substitute 'day' for 'night' in the address.

Global-view will ask you to enter a UID and password. No name/address/phone, none of that (afair). Jay Meisler (your host) is a classy guy and a very fine site operator. BTW, there is an underscore between 'forum' and 'ticker' in the address, the underline thingy for the link obscures it, sorry.

[Beck_isright]

Long slow decline over the next 30 days to around $27 per bbl. Then, depending on foreign events and terr activity, the usual summer spike, then a decline to around $24-25 per bbl. by next August.

[SAJ]

Wups, sorry. Global-view now does require registration (I joined the site years ago, and it's changed since). Just ordinary stuff, fortunately, and no charge.

Apols for the misinformation.