Capitalist activities around the world bankrupting nations.
http://trend-signals.blogspot.com/2009/10/capitalist-robbing-nations-around-world.html
With the FOMC meeting, markets advanced after finding a support at SPX 1030. We now have overbought intraday 60min. Given the market psychology, we still do not have a confirmation for a correction. As shown on the 60min chart, 1075 +/- is a major resistance for a correction scenario.
Markets are continuing to trade against bearish sentiment using it for price advancement. As shown on the SPX daily chart, we have lower-high price action, so far, with daily price momentum is turning up while weekly price momentum is turning down. Given 7-8 months price advance, it is reasonable to expect a correction. Going into holiday trading and dealing with bad sentiment, I am not expecting much from markets going into EOY.
- Sweeping Health Care Overhaul Bill Passes House
- For the Jobless, 10% is Harder Than Before
- Week Ahead: Stocks Search for Catalyst in Quiet Week
- Outlook: Dollar Likely to Ride Higher on Bleak Jobs Report
- Geithner: More Stimulus, Not a Bank Tax
- Windfall is Seen as Bank Bonuses are Paid in Stock
- Volatility Returns: Sign of the Bull Losing Muscle?
- Cramer: Earnings, IPOs Dominate Next Week
Buying Fear: How to Own Volatility - Administration Rejects Plan to Buy Fannie Mae Credits
With the FOMC week, markets have advanced 3% for the week.
$COMPX 2112.44 7.12 0.34% 1,830,782
$INDU 10023.42 17.46 0.17% 1,086,581
$INX 1069.30 2.67 0.25%
Markets will likely drag into the holiday tradings for the next several weeks going into EOY.
The FED and Obama is continuing to paint rosy pictures with markets using pathetic economic reality as excuses.
While all other signs are dire, financial markets are using all bad news as excuse to hype markets.
- http://www.chicagotribune.com/business/chi-091026-bankers-protests-photos,0,4049876.photogallery
American Bankers Association protests
This week, hundreds of protesters are gathering in Chicago to demonstrate at the American Bankers Association's annual meeting. The protesters are calling on banks that received billions in federal bailout money to help consumers who have fallen victim to bad loan practices and are losing their homes to foreclosure.- With the protest at Chicago, the Fed Bernanke again pumped markets after the FOMC, obviously.
With the financial, economic, and political drama, the financial gain using global markets is astonishing. No wonder that 1% owns over 98% of global wealth using market volatility to upside and downside. With 3x etf and option, the gain would be astonishing with complete market control.
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2 comments:
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Capitalism is corrupt similar as financial mafia. It will be changed after bankrupting Asian countries (China and S Korea) like Hong Kong.
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Asia Higher Despite Mixed US Jobs Data
ASIA, STOCKS, STOCK MARKET, JAPAN, KOREA, AUSTRALIA, SINGAPORE, HONG KONG, CHINA, INVESTING, EQUITIES, ASIAN STOCKS, INVESTING IDEAS
CNBC staff and wire reports
| 08 Nov 2009 | 07:55 PM ET
Asian shares made modest gains in early trade on Monday, as investors remained concern over the state of the U.S. economy after the mixed jobs report released on Friday.
Japan's Nikkei Average was up 0.3%, while the broader Topix traded flat.
Nippon Telegraph and Telephone (NTT) slipped 1.6 percent after the Nikkei business daily said it will likely report an operating profit of about 630 billion yen ($7.01 billion) for the April-September first half, a drop of 15 percent from the same period last year.
Seoul shares started higher, led by steelmakers and some technology firms, as gains in Wall Street helped sentiment amid signs of stabilisation in global financial markets.
The Korea Composite Stock Price Index rose 0.25 percent to 1,576.36 points.
POSCO rose 1.15 percent and Hynix Semiconductor climbed 1.05 percent.
Australia's benchmark S&P/ASX 200 index was up 1.1 percent, with takeover activity boosting the financial sector and mining stocks shrugging off weaker base metals prices.
Financials were the centre of attention after insurer AXA Asia Pacific Holdings knocked back a $10.3 billion break-up plan that would leave its Australian assets with rival AMP and its Asian assets with French parent AXA.
The news sent AXA shares surging 29 percent when they opened. The shares were last up 27.7 percent at A$5.49.
"The reason AMP has done that is because I would imagine they are a target themselves and someone has been having a look at them," said Bell Potter Securities client adviser Chris Kimber.
"It's a shot across the bow. That will just be the start of bids in that sector, I think ANZ would be interested in AMP," he said.
AMP was down 0.3 percent while, elsewhere among insurers, Insurance Australia Group jumped 4.8 percent to A$3.95.
Commonwealth Bank reported a strong performance in the September quarter in a trading update, sending its shares 3.2 percent higher at A$54.37.
Elsewhere among the banks, Westpac was down 1.4 percent as it traded without the rights to its dividend.
Amazing -- our lives on this earth is infinitesimal to the Eternity, and I asked GOD that I choose HIM if having money hinders me.
Based on my past experience like majority of people, having money will weaken faith in God. Obviously less reliant on the Lord if not plainly one walks away from doing the Will of God in our daily lives -- as well as just doing the faithful lip service to the Lord.
Reading the painful experience and the astonishing event, now I can somewhat understand a part of Tim even though I distantly read his posts.
http://trend-signals.blogspot.com/2009/11/re-good-and-evil.html
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