By: professor.inglis
30/11/2009
8:50 pm Yahoo! Profile:
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"DUBAI, United Arab Emirates (AP) -- Dubai's main stock exchange dropped more than 7 percent and Abu Dhabi markets slid more than 8 percent on the first day of trading since officials went public with the city-state's huge debt crisis.
Shares of DP World, a profitable port operating division of the debt-ridden Dubai World, were off nearly 15 percent in early trading Monday when the market opened."
http://finance.yahoo.com/news/Dubai-exchange-nosed ives-as-apf-3129484217.html?x=0&sec=topStories&pos =2&asset=&ccode= |
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By: professor.inglis
30/11/2009
8:48 pm Yahoo! Profile:
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source yahoo
Asian markets rallied on Monday, but Europe reversed opening gains, as investors digested moves by the United Arab Emirates central bank to soothe worries over Dubai's debt crisis.
Hong Kong surged 3.25 percent and Tokyo soared 2.91 percent on Monday as fears over Dubai's debt problems receded following a move by the United Arab Emirates' central bank to provide extra liquidity.
However, in late morning European deals, Frankfurt fell 0.45 percent, London slid 0.53 percent and Paris shed 0.65 percent in value, with all three markets reversing opening gains in highly volatile trade. |
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By: professor.inglis
30/11/2009
8:32 pm Yahoo! Profile:
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Critical Levels
http://finance.yahoo.com/news/US-Dollar-Retreats-a s-Easing-fxcm-415471798.html?x=0&.v=1
The Euro and the British Pound both pushed higher in overnight trading, with each currency adding as much as 0.6% against the US Dollar. The greenback retreated against the spectrum of major currencies as stock markets soared after the UAE central bank said that it âstands behindâ the countryâs local and foreign banks amid last weekâs fears of a default in Dubai and loosened the rate at which institutions could borrow from the monetary authority to cushion losses. The MSCI Asia Pacific regional equity benchmark index gained 3.4%. |
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By: professor.inglis
30/11/2009
8:26 pm Yahoo! Profile:
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http://finance.yahoo.com/news/USD-Graphic-fxcm-132 9255363.html?x=0&.v=1
http://finance.yahoo.com/news/AUDUSD-fxcm-52985189 6.html?x=0&.v=1
http://finance.yahoo.com/news/USDJPY-fxcm-28193171 63.html?x=0&.v=1
USD/JPY: The market continues to extend declines to fresh multi-year lows since breaking below the recent 2008/2009 matched trend lows at 87.15. There is no real support now until 79.75 which represents the 1995 historic lows and a retest of this level can not be ruled out at this point with the overriding trend so intensely bearish. However, daily studies which are severely oversold can also not be ignored and the shorter-term risks seems to favor some corrective upside back towards the 88.30-89.25 area (10/20-Day SMAs) before considering the possibility for another round of weakness below Friday's 84.80 lows. Fridayâs bullish doji close confirms need for short-term corrective rally. |
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By: professor.inglis
29/11/2009
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eMid December Changes Coming??
"Year-End Bonus Round
Well, one is market psychology. This is always predictable: The market always wants to go up! You want it to go up, Wall Street wants it to go up, and so does the government.
But now, Wall Street wants it to go up even more. No bonuses last year, combined with the reality of the economy, continued unemployment, soaring inflation, rising interest rates and potential legislation limiting the big Wall Street bonuses has the Street worried that they might not see those fat checks next year.
With a bonus on the table this year, I expect Wall Street to keep this market up until mid-December when bonuses are paid. This year's bonus is important with Wall Street missing last year's and, in all likelihood, next year's.
This year has a big bonus all but written in with the market up at these levels. So, we are in a situation where we have to combine the fact that this year may be Wall Street's last chance to go home with big checks due to potential upcoming legislation, along with the fact that this might be the one bonus year sandwiched between two non-bonus years.
Add it all together, and I see the market unchanged and more likely up into mid-December (bonus time for Wall Street), barring a catastrophic event.
After that, it's anybody's guess, but I will not be heading home for the holidays being long the market.
The market's continued run has exceeded any correlation to the real economy. It almost as though Wall Street has its own economy -- or it's seeing the same numbers the rest of us are, and interpreting them completely differently.
Two contributing factors for that market run are the weakness of the U.S. dollar and non-existent interest rates. The fundamentals, as seen in the various economic reports, are not giving a true picture due to stimulation and manipulation."
source options zone .com
http://www.options z one /market-commentary/market -analysis/2009/11/three-b ig-lies-the-street- |
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By: professor.inglis
29/11/2009
5:36 pm Yahoo! Profile:
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Buy USD to invest in Pet Health Stocks...??
On Thursday, Sept. 24, Henry Schein Inc. (Nasdaq: HSIC) announced the appointment of Lonnie Shoff as president of Henry Schein Global Healthcare Specialties Group.
Henry Schein is primarily in the dental products business but also distributes animal health products, in addition to software systems to dentists, medical doctors and animal health clinics.
Within Global Healthcare Specialties Group -- a newly formed division -- Shoff will be responsible for the dental specialties and global exclusive brands. Previously, Shoff was at Roche Diagnostics for more than 20 years, where she was senior vice president and general manager of the Applied Science group, as well as in charge of U.S. commercial operations for the $350 million group.
Henry Schein's stock price has been steadily increasing for the past six months with a 52-week low of $32per share but has remained above $50 per share in the past month. As of press time, the announcement of Shoff's appointment appears to have no significant effect on the stock price.
8-K Filed for Sale of Stock
On Friday, Sept. 18, MWI Veterinary Supply Inc. (Nasdaq: MWIV), which distributes pharmaceuticals, vaccines, diagnostics, capital equipment, supplies, veterinary pet food, and nutritional products to veterinarians, filed a Form 8-K with the SEC concerning a trading plan created by its parent company, Agri Beef Co.
Sold to the beef producer in 1981, the form disclosed "that Agri Beef Co. has entered into a pre-arranged stock trading plan to sell a limited number of their shares of the [MWI's] common stock. The 10b5-1 Plan entered into by Agri Beef Co. allows for the sale of a maximum of 227,346 shares of the company's common stock through August 31, 2010."
Following the announcement last Friday, the company's stock saw a slight jump Monday and Tuesday reaching more than $42 per share but generally appears to be remaining in its previous range for the p ... |
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By: professor.inglis
29/11/2009
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Looks like Swine flu has spread to Dogs, Cats and Ferrets in the USA?? Confirmed by gene sequencing, and reputable Universities
http://www.usda.gov/documents/FINAL_RESULTS_2009_P ANDEMIC_H1N1_INFLUENZA_CHT.pdf |
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By: professor.inglis
29/11/2009
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US Pet Industry Spending this Christmas
"PDF] 2009 PANDEMIC H1N1 INFLUENZA PRESUMPTIVE AND CONFIRMED RESULTS IN UFile Format: PDF/Adobe Acrobat - View as HTML
1 Suspect positive 2009 pandemic H1N1 samples can be received by USDA's National Veterinary Services Laboratories (NVSL) from a variety of sources. ...
www.usda.gov/.../FINAL_RE SULTS_2009_PANDEMIC_H1N1_ INFLUENZA_CHT.pdf" |
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By: professor.inglis
29/11/2009
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Stocks in the (Trillion) or Billion dollar Pet Health Industry in the USA...
http://www.aphis.usda.gov/animal_health/
Could impact dog shows, vet clinics, dog/cat hospitals/ holiday homes...
http://www.veterinarianpetcare.com/ |
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By: professor.inglis
29/11/2009
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| Americans spend Billions on their Pets...what stocks will benefit please? Very Sorry. Just a capitalist pig. |
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By: professor.inglis
29/11/2009
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What kind of Dog Flu is sweeping the USA now..they are not saying?
"China urges intensified supervision on A/H1N1 flu in animals
www.chinaview.cn 2009-11-28 09:43:42 Print
BEIJING, Nov. 28 (Xinhua) -- China's Ministry of Agriculture has called for intensified monitoring and investigation of A/H1N1 flu in animals after two samples from sick dogs were tested positive for the virus.
The veterinary clinic of College of Veterinary Medicine at the China Agricultural University reported Wednesday that two out of 52 samples from sick dogs were tested positive for A/H1N1 flu virus, the ministry said late Friday. Analysis of genetic composition found the virus detected in the samples and those found on human A/H1N1 flu cases were 99 percent logous, it said. The ministry urged local authorities to further enhance prevention and control, intensify monitoring and investigation in animal cases of A/H1N1 flu and closely watch the virus mutation situation in animals." |
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By: professor.inglis
29/11/2009
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"China's first dog was found infected with A stream will be transmitted with each other
at 05:26 on November 29, 2009
November 29 Guangzhou Daily reported yesterday, the Ministry of Agriculture Information Office Release news, November 25, Ministry of Agriculture, China Agricultural University, received a report that the school of Veterinary Medicine Clinical Hospital from the 52 dogs nose and throat swab samples disease, was detected in two samples positive for a flow of etiology. Gene sequence analysis showed that the virus with the current population pandemic virus p logy of 99%.
Beijing Municipal Bureau of Agriculture Office of the relevant person in charge of major epidemic, said that this is the country's first cases of dogs infected with A stream is also following the recent Heilongjiang Nazhi pigs, and the second detection of a flow in animals.
The person in charge said that at present expert analysis, Heilongjiang pigs are in transit or in the slaughterhouse cause infections, experts believe that people are infected with a stream and then passed to pigs. The dog infected with A stream, most likely by dogs or people who have had close contact with the dog A stream of patients infected. A flow of dogs after infection spread to neighboring dogs. " |
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By: professor.inglis
29/11/2009
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| and just in time for Christmas shopping??? |
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By: professor.inglis
29/11/2009
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Dog flu was just related Horse Flu and now to Pig Flu (ie pig flu is now found in dogs)?
"The holidays are the busiest time of year for boarding pets, and this season owners have a serious new issue to consider: whether dogs should first be immunized for canine influenza, also known as "dog flu."
Dog flu has now turned up in 40 states. Colorado is one of five where it is considered "endemic," meaning it's always present in the background, according to Dr. Jeff Steen of VCA Alameda East Veterinary Hospital in Denver.
"People here love pets, and there's lots of pets," Steen said. "And the climate here is good for the development of respiratory infections in animals."
cdc.gov/flu/canine
The âcanine influenza virusâ is an influenza A H3N8 influenza virus (not a human influenza virus) that was originally an equine (horse) influenza virus. This virus has spread to dogs and can now spread between dogs." |
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By: professor.inglis
29/11/2009
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Worth a look at what is happening:
http://www.usdebt clo ck .org/ |
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By: professor.inglis
28/11/2009
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"The primary risk to the value of the $A would be that currency traders rush to the traditional safe haven, the $US. However, the secondary risk is that if Dubai announces more financial problems it may destabilise global growth and undermine commodity prices and the $A.
DP World's latest accounts show it has about $214 million in Australian dollar bank loans, suggesting several local lenders have exposure to the group. Significantly, the lending facilities are unsecured and expire next year."
source SMH |
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By: professor.inglis
28/11/2009
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"David Scutt, a treasury dealer with Arab Bank Australia, said: ''If you look at the emerging nations' stock market performances it gives you a feel of how quickly Western capital will flow out of these nations on default fears.
''If nothing is resolved for Dubai World in the next few days you could expect more of the same next week. Uncertainty will breed fear, in other words.''
source SMH |
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By: professor.inglis
28/11/2009
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"``People are scared and concerned about possible intervention,'' said Yasutoshi Nagai, chief economist at Daiwa Securities SMBC Co. in Tokyo. The Bank of J@pan may sell the yen ``and buy Treasuries, which will be a plus for Treasuries,'' he said.central banks intervene by buying or selling their currencies after sudden movements."
source Bloomberg News |
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By: professor.inglis
28/11/2009
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| mentawaisurf et al: What do you think about the compexities of J@pan impacting stock markets etc via currencies please? |
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By: professor.inglis
28/11/2009
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Dubai is a blip compared to international curreny intervention by J@pan and others for months or years: Also see Economist
" J@pan's appreciating currency
Time for action
Nov 27th 2009 | TOKYO
From Economist.com
As the yen soars, the need for intervention grows"
The problem is the impacts on commodity markets, China, carry trade, US export driven recovery, etc...
Any thoughts please on which stocks might benefit, or lose? Thanks |
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By: professor.inglis
27/11/2009
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| Who's buying USD please? |
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By: professor.inglis
27/11/2009
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" The pressure will only intensify over the weekend, becoming more finely targeted next week at those financial institutions closely connected to Dubai World, the emirateâs grand vehicle that owns Nakheel, the property developer at the centre of Dubaiâs financial mess.
This holiday silence could be damaging for Dubai: the weekend that preceded Black Monday, the October 1987 financial crash, was excruciating, not merely because of the Great Storm that swept across England, but because the market fright began in the preceding week.
The Dow Jones index fell more than 100 points on October 14 as anxiety grew about soaring US bond yields. The same day James Baker, then the Treasury Secretary, expressed his concern about falling asset prices and investors went home whimpering like scolded dogs. The winds blew; early on Monday morning Hong Kongâs market collapsed and every market in every time zone around the world fell out of bed in succession.
Dubai has compounded the problem by giving contradictory messages."
http://business.timesonline.co.uk/tol/business/mar kets/the_gulf/article6934216.ece |
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By: professor.inglis
27/11/2009
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Expect J a p a n to intervene at starting at 80 - 81 - 82:
Title: J a an / U.S. Foreign Exchange Rate
Series ID: DEXJPUS
Source: Board of Governors of the Federal Reserve System
Release: H.10 Foreign Exchange Rates
Seasonal Adjustment: Not Applicable
Frequency: Daily
Units: J a p anese Yen to One U.S. Dollar
Date Range: 1971-01-04 to 2009-11-20
Last Updated: 2009-11-24 9:38 AM CST
Notes: Noon buying rates in New York City for cable transfers payable in
foreign currencies.
Min Value 81.12
DATE VALUE
1971-01-04 357.73 |
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By: professor.inglis
27/11/2009
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""The world is pretty risk averse right now," said Philip Burke, a trader at JPMorgan.
Burke said the Aussie's drop was driven by investors selling it to lock in profits, rather than shorting it on expectations it will fall further. He said hedge funds and mutual funds were the key sellers.
Some analysts agreed. Barclays said on Friday it is selling the Aussie so it can lie low amid market gyrations. That said, it wants to buy the currency again when markets have calmed down."
source SMH |
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By: professor.inglis
27/11/2009
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How would 2-3 years of international currency intervention GRAB you?
Led by J p n, Swiss, |
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