Posted on 09/12/2010 10:43:53 PM PDT by blam
US Futures Surging
Joe Weisenthal
Sep. 12, 2010, 9:43 PM
Yes, it's a long way until the open in New York, but as of right now it's looking like it will be a good one.
Here's a look at S&P futures:
We noted earlier that the early Monday action had all the makings of a classic "risk on" kinda day, helped in part by seemingly benign Basel rules for banks.
[snip]
(Excerpt) Read more at businessinsider.com ...
They are up 7 points. Big deal. What do you expect when they announce Basel III capital rules. Tommorrow will be a rigged day upward just like all the others.
Welcome to the wonderful world of reserve currency plus a complete lack of fiscal discipline, plus a modicum of lending to oneself. This will be a wild little ride for a few years.
Stocks usually perform quite well during high inflation periods.
Let’s get out there and MAKE SOME MONEY!!! Woohoo!!!;)
Yah,...but...what is Gold doing?
Asian Shares Boosted By China Econ Data; Banks Rise
Sept. 13, 2010, 12:02 a.m. EDT
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SINGAPORE (MarketWatch) -- Asian stock markets were getting a lift Monday from China data released over the weekend that indicated a pick up in activity in that key economy. Most regional banks were rising as investors enjoyed some clarity on the much-anticipated Basel capital rules.
"Equities are obviously taking comfort from Chinese data over the weekend and optimism is creeping into the market," said Justin Gallagher, Royal Bank of Scotland Head of Sydney Sales.
"If we continue to see supportive macroeconomic data, I think September could well be a very good month for equity markets globally. But if we trip over a few of these numbers, we will be back to where we were a few weeks ago," he added.
Japan's Nikkei Share Average was up 1.3%, with Australia's S&P/ASX 200 up 1.3%, South Korea's Kospi Composite 0.8% higher. The Shanghai Composite index was up 0.9%, Hong Kong's Hang Seng index gained 1.9%, Taiwan's Taiex rose 1.9% and India's Sensex was up 1.5% in early trade. Dow Jones Industrial Average futures were up 86 points in screen trade.
Geez...I have to do everything.
**********************************EXCERPT***********************************
Bank stocks were helped in several markets after the Basel Committee on Banking Supervision decided to significantly increase the amount of capital banks must set aside against potential losses, but allowed banks time to adapt to the new rules.
"This is something investors won't have to worry about for several years," said Masumi Yamamoto, market analyst at Daiwa Securities Capital Markets.
RBS's Gallagher said that the "Basel III (capital adequacy rules) are a long way off and are not going to cause any problems for Australian banks because they are well capitalized."
Well,...you know more about this than I do!
TOKYO, Sept 13
Mon Sep 13, 2010 2:06am EDT
TOKYO, Sept 13 (Reuters) - Japan's Nikkei average rose 0.9 percent on Monday to a three-week closing high after more upbeat China and U.S. data helped sooth investor worries that global economic growth would slow.
The Nikkei was also buoyed as Japan's largest banks rose in relief after a decision on Sunday by global regulators and central bankers on new capital rules, known as Basel III, were in line with expectations.
The benchmark Nikkei .N225 gained 82.65 points to 9,321.82, pulling further away from a 16-month low of 8,796.45 hit on Sept. 1.
The broader Topix .TOPX added 0.5 percent to 837.65
Honest...I don't!
Market Vectors Junior Gold Miners ETF
AND:
Shutting down here.
Nite
Quite a few companies do their manufacturing in China. Chinese manufacturing is up. ...good for the stock market, but...
RIGGED-GAME-PING!
Good Morning... Pitching stocks is old. Watch the 30 Year Bond..
“Pitching” stocks is old, yes. But if you buy the right ones it is profitable, which is also old. Watching the 30 bond IS smart...better weigh heavier in stocks and lighter in bonds; yield curve ahead!!!
You apparently weren’t around during the 70’s when we experienced StagFlation. We had pretty massive inflation but stock prices didn’t inflate like the books teach.
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