$lip-$lidin’ Away-RED to start the day-Aug 31st
4:00am-Early Morning-Last Day of August NOT looking good here unless ur short or got PUTS-Time for the correction or do we see the PPT?
Slip Slidin’ Away
- China stocks PLUNGE-Shanghai Composite Index falling the most since June 2008- benchmark index tumbled 6.7 percent-Industrial Bank Co. slumped the daily 10 percent limit-Baoshan Iron & Steel Co. the nation’s biggest steelmaker, dropped 7 percent-China Petroleum & Chemical Corp., Asia’s largest refiner, lost 10 percent with concerns the government will keep fuel prices unchanged to support the economy-*HSI --374.43 *Nikkei -41.61 *China -192.942 6.74%
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The yen rose sharply after Japanese voters swept the opposition into power
- The MSCI index of Asia Pacific stocks traded outside Japan slid 1.3%-selling was widespread, hitting the consumer discretionary, energy, telecommunications and materials sectors
- US Futures are RED and Oil has dropped toward $72-Pre-Mkt Futures
- What Barney Frank Really said
- Fed makes $14bn profit on crisis loans
- Japan’s Bloodless Coup
- Band-Aid’s for the Recession-Whitney
- More Bogus Bailout Reporting
- Commercial Real Estate Lurks As Next Potential Mortgage Crisis
(1 votes, average: 4.00 out of 5)
Swiss firms eye Japanese free trade bounty-Swiss companies are assessing how they could take advantage of a Free Trade Agreement (FTA) with Japan that comes into effect on September 1.
It has been hailed as Switzerland’s most important economic pact since the 1972 FTA with the European Community (EC). It is the first such deal that Japan has signed with a country outside the Asia-Pacific region. continue for full
US must act to support dollar: Economist By Fu Jing
Updated: 2009-08-31 08:26
====>>>Leading economists have urged the United States to use concrete measures instead of empty words to ward off possible losses in China’s holdings of US treasury bonds, which have already surpassed $800 billion.
The call comes amid widespread concern that US countermeasures to battle the financial crisis are creating another credit bubble and failing to regulate financial markets.
“So far the US government and the Federal Reserve have failed to provide China with any details of how its countermeasures against the financial crisis will not lead to serious capital losses to China’s holding of its treasury bonds and foreign reserves,” Yu Yongding, a renowned think tank economist with Chinese Academy of Social Sciences, told China Daily.
Insider Trading and Investor Sentiment Signaling U.S. Stock Market Top
>>>>Insider Selling in August Soars to 30.6 Times Insider Buying, Highest Level Since TrimTabs Began Tracking in 2004. NYSE Short Interest Plunges 10.3%, While Margin Debt Spikes 5.9%
SAUSALITO, Calif., Aug. 28 /PRNewswire/ — TrimTabs Investment Research reported that selling by corporate insiders in August has surged to $6.1 billion, the highest amount since May 2008. The ratio of insider selling to insider buying hit 30.6, the highest level since TrimTabs began tracking the data in 2004.
“The best-informed market participants are sending a clear signal that the party on Wall Street is going to end soon,” said Charles Biderman, CEO of TrimTabs.
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Baker Hughes (BHI) to acquire BJ Services (BJS) in a $5.5B cash/stock deal. BJS shareholders will receive 0.4 shares of BHI and $2.69, a 16.3% premium over Friday’s close. BHI says it will see annual savings of $75M in 2010 and $150M in 2011, and that the deal “further enhances its position as a top-tier global oilfield services company.” (PR)
DCTH 3.04cl>>>•InPlay: FDA grants Delcath orphan-drug designation for doxorubicin
Briefing.com(Mon 6:33am)