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Aug 2, US-living on borrow time from debt disaster

Yup, yup...totally in bearish condition, unless he fly off to euro and speak. LOL. I want to implement QE3 :))

iPunter      ( Date: 04-Oct-2011 23:35) Posted: Benny speaking the obvious will not change the market condition...  teeth53      ( Date: 04-Oct-2011 23:33) Posted: Euro look more and more powerful then DOW for now...Ah Ben speak - still red lehh. EURO powerful spirit possession in progress till NOv 2011.

 

Benny speaking the obvious will not change the market condition... 

teeth53      ( Date: 04-Oct-2011 23:33) Posted: Euro look more and more powerful then DOW for now...Ah Ben speak - still red lehh. EURO powerful spirit possession in progress till NOv 2011.

 

Euro look more and more powerful then DOW for now...Ah Ben speak - still red lehh.

EURO powerful spirit possession in progress till NOv 2011.

 

Ah Ben speaking, by whatever mean to stay afloat, as Greece prepared to wait till Nov for bail out by Euro.

http://www.bloomberg.com/news/2011-10-04/bernanke-says-federal-reserve-ready-to-take-further-action-to-spur-growth.html

Aug 2, US-living on borrow time from debt disaster

 

Mth of August is d most voltile trading period, ride over August > to Sept and sell into strength - losses is minimum, those who punting on August opportunities, may ride again on volatile in near term.

EU finance ministers break no new ground on debt crisis - Reuters

Poland. (Reuters) - EU finance ministers broke no new ground in dealing with euro zone debt crisis in discussions over  d weekend, instead absorbing...

Meanwhile in U.S. - Washington (Reuters) - President Barack Obama , in a populist step designed to appeal to voters, will propose a " Buffett Tax" on people making more than $1 million a year as part of his deficit recommendations to Congress on Monday. Obama will lay out his recommendations in White House Rose Garden remarks at 10.30 a.m. (1430 GMT) on Monday and is expected to urge steps to raise tax revenue as well as cuts in govt spending.

Such a proposal, among suggestions to a congressional supercommittee expected to seek up to $3 trillion in deficit savings over 10 years, would appeal to his Democratic base ahead of the 2012 election but may not raise much in revenues.

White House Communications Director Dan Pfeiffer said in a tweet on Saturday the tax would act as " a kind of AMT" (Alternative Minimum Tax) aimed at ensuring millionaires pay a minimum rate of tax that at least matches that of middle-class families.

" Buffett Tax" refers to billionaire U.S. investor Warren Buffett, who wrote earlier this year that rich people like him often pay less in tax than those who work for them due to loopholes in the tax code, and can afford to pay more.

 

10:15AM: Dow tumbles as much as 528 points after dour global forecast and economic data.  More

• 'Dangerously close' to a recession
• Existing home sales slide 3.5% in July
• Gas, food and clothing prices are on the rise
• Unemployment claims jump back above 400,000

http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=6810& msgbdName=Otto Marine                        & topicTitle=OtTo MaRiNe

I m a small smaller smallest players, no doubt it cheap now,  OTTO boss has bot several hundred lots..:)

Let C, how players play 1st, got to respect mkt - down turn hav not completed yet on tis volatile wk.

teeth53      ( Date: 10-Aug-2011 13:35) Posted: Day after August 2, 2011. Debt default crises is settle, ripple effect taking it toll. http://money.cnn.com/news/specials/debt-crisis/ teeth53      ( Date: 17-May-2011 22:23) Posted: America's Debt Crisis We will have another crisis...By Penelope Wang @CNNMoney May 17, 2011: 7:37 AM ET   Robert Rodriguez, CEO of the FPA investment house, says there are plenty of risks out there and that investors have not learned the lessons of the past few years.

 

http://money.cnn.com/2011/08/18/markets/premarkets/index.htm?iid=MPM

August 18, 2011 - U.S. stocks were headed for a sell-off Thursday, tracking steep declines in across world markets, after Morgan Stanley cuts its forecast for global economic growth.

A gloomy report from Morgan Stanley intensified fears over a slowing global economic recovery. The investment banks slashed its global growth outlook for 2011 and 2012, adding that the United States and Europe are " hovering dangerously close to a recession."

Economy: Investors will get weekly jobless claims, and the July consumer price index from the Labor Department at 8:30 a.m. ET.

Weekly jobless claims are expected to increase by 5,000 claims to 400,000, while inflation is expected to remain tame -- rising 0.2% after falling 0.2% in June.

At 10 a.m. ET, investors will get July existing home sales, the August Philadelphia Fed index and July leading economic indicators.

DOW heading for yet another selling..hope it pre-market is wrong...

http://money.cnn.com/data/premarket/

Dow	-228.00   /  -2.00%
Level	11,153.00

teeth53      ( Date: 29-Jul-2011 21:35) Posted: Dow kena hit by air turbulence, there after Aug 2, 2011. More air turbulence, and after come d sunshine.  http://money.cnn.com/2011/07/29/markets/premarkets/index.htm?iid=Lead STOCKS HEAD FOR SELL-OFF 9:03AM: Stocks set to fall at the open, after GDP came in at worse-than-expected 1.3%.  More teeth53      ( Date: 27-Jul-2011 23:06) Posted: Bet on  U.S. default next week?,  betting  worth  $4.8 billion on a U.S. default..??. http://money.cnn.com/ (CNNMoney) -- Wall St is often likened to a big casino for obvious reasons. at least a few financial players are looking to cash in on such a bleak turn of events. A small camp of investors are betting that the U.S. government will default on its debt, and they're putting $4.8 billion of their chips on the table. In the event of a default, that's how much financial firms will have to pay out to investors who bought credit default swaps against the U.S. govt, according to figures from the Depository Trust and Clearing Corp.

 

Our past mid month liao, Angmo oso going to past...

http://money.cnn.com/2011/08/18/markets/premarkets/index.htm?iid=MPM

August 18, 2011 - U.S. stocks were headed for a sell-off Thursday, tracking steep declines in across world markets, after Morgan Stanley cuts its forecast for global economic growth.

A gloomy report from Morgan Stanley intensified fears over a slowing global economic recovery. The investment banks slashed its global growth outlook for 2011 and 2012, adding that the United States and Europe are " hovering dangerously close to a recession."

des_khor      ( Date: 31-Jul-2011 00:46) Posted: Haha ! teeth53      ( Date: 30-Jul-2011 13:53) Posted: Angmo hell gate will open on Monday nite, our will open tonite...

 

teeth53 thot: Rating agency is giving themself some breathing space, especially in hitting back at S& P...

http://www.bloomberg.com/news/2011-08-16/s-p-downgraded-in-treasury-trading-after-upgrading-communist-rule-in-china.html

S& P, the largest ratings provider, resulted in an upgrade of U.S. securities as the American bond market outperformed world bond indexes during the period since the downgrade by S& P. Moody’s Investors Service and Fitch Ratings, the two next biggest rating companies, affirmed their AAA rankings on the U.S.

Eleven days after lowering the credit rating on the U.S. for the first time, Standard & Poor’s is suffering a downgrade among global investors.

As American bonds are proving world beaters -- undermining S& P’s mathematical assumptions -- and prompting disbelief among political scientists months after the company upgraded China because of the stability fostered by Communist Party rule.

Since S& P, the New York-based subsidiary of McGraw-Hill Cos., dropped the U.S. to AA+ from AAA on Aug. 5, the yield on the 10-year Treasury note, a benchmark for everything from home mortgages to car loans, has declined to as low as 2.03 percent from a high this year of 3.77 percent, with American debt on pace in August for the biggest monthly gain since December 2008.

Interest rates on American bonds are lower today than on most of the countries with AAA ratings by S& P and the Treasury recently financed its outstanding debt at the lowest cost ever.

teeth53      ( Date: 07-Aug-2011 11:08) Posted: BOOTED FROM THE AAA CLUB http://money.cnn.com/ How the downgrade affects your money DOW saw  the biggest fall on Thursday of more then 4%, a black Friday morning for us, lead by HK and Japan. Stocks: Worst week since financial crisis Stocks took wild ride, as investors remain nervous about a global slowdown. News that Italy may have agreed to budgetary reforms helped lift markets in afternoon trading.  More teeth53      ( Date: 29-Jul-2011 21:35) Posted: Dow kena hit by air turbulence, there after Aug 2, 2011. More air turbulence, and after come d sunshine.  http://money.cnn.com/2011/07/29/markets/premarkets/index.htm?iid=Lead STOCKS HEAD FOR SELL-OFF 9:03AM: Stocks set to fall at the open, after GDP came in at worse-than-expected 1.3%.  More

 

Congress isn't likely to move quickly on the request to cut 120,000 workers.  More

http://www.bloomberg.com/news/2011-08-12/u-s-consumer-sentiment-falls-more-than-expected-to-54-9-in-michigan-index.html

Confidence among U.S. consumers plunged in August to the lowest level since May 1980, adding to concern that weak employment gains and volatility in the stock market will prompt households to retrench, according to the median forecast in a Bloomberg News survey.

The biggest one-week slump in stocks since 2008 (400 to 600 points)  and the threat of default on the nation’s debt may have exacerbated consumers’ concerns as unemployment hovers above 9$ and companies are hesitant to hire.

Rising pessimism poses a risk household spending will cool further, hindering a recovery that Federal Reserve policy makers said this week was already advancing “considerably slower” than projected.

teeth53      ( Date: 14-Aug-2011 15:41) Posted: Last Friday. DOW closed up +125.71 points to 11,269.02 pt Meanwhile others news indicated...something as good news on doing thing like US Postal Service To Cut 120,000 Jobs To Avoid Bankruptcy but is not good  news to  postal workers, they will add more woes to jobless list. Upper unemployment rate. Will SingPost take this route too..??

 

Last Friday. DOW closed up +125.71 points to 11,269.02 pt

Meanwhile others news indicated...something as good news on doing thing like

US Postal Service To Cut 120,000 Jobs To Avoid Bankruptcy

but is not good  news to  postal workers, they will add more woes to jobless list. Upper unemployment rate.

Will SingPost take this route too..??

 

U.S. equity-index futures fell, erasing earlier gains and signaling the Standard & Poor’s 500 Index may sink to an 11-month low, as concern about Europe’s debt crisis overshadowed higher-than-estimated earnings.

Citigroup Inc. lost 1.2 percent to lead declines in the largest U.S. companies.

The Financial Select Sector SPDR Fund, an exchange-traded fund known as the XLF that tracks the banks, insurers and investment firms in the S& P 500, was poised to extend losses after touching a two-year low yesterday.

Contracts on the S& P 500 expiring in September slipped 1.1 percent to 1,111.5 at 8:05 a.m. in New York, having earlier advanced as much as 2.2 percent.

" The fear is extreme right now," Tom Wirth, senior investment officer for Chemung Canal Trust Co., in Elmira, New York, said in a telephone interview. His firm manages $1.6 billion. " Banks are getting killed. Some of that is a residue of 2008. You don’t know exactly what banks have in their balance sheets."

People just don’t want  to risk their portfolios, any little rumor, people sell 1st and ask questions later.”

teeth53      ( Date: 10-Aug-2011 13:35) Posted: Day after August 2, 2011. Debt default crises is settle, ripple effect taking it toll. http://money.cnn.com/news/specials/debt-crisis/ teeth53      ( Date: 17-May-2011 22:23) Posted: America's Debt Crisis We will have another crisis...By Penelope Wang @CNNMoney May 17, 2011: 7:37 AM ET   Robert Rodriguez, CEO of the FPA investment house, says there are plenty of risks out there and that investors have not learned the lessons of the past few years.

 

Day after August 2, 2011. Debt default crises is settle, ripple effect taking it toll.

http://money.cnn.com/news/specials/debt-crisis/

teeth53      ( Date: 17-May-2011 22:23) Posted: America's Debt Crisis We will have another crisis...By Penelope Wang @CNNMoney May 17, 2011: 7:37 AM ET   Robert Rodriguez, CEO of the FPA investment house, says there are plenty of risks out there and that investors have not learned the lessons of the past few years.

 

Maybe i post too small liao, some blur players still cannot see.

This warning within fews week that i post should be a justify reasonable time frame.

Many like to talk after things happen, i like to talk before things happen.

I am not a predictor or dog, the most is i can find  is  whats the  best odds and ways  to play.

I like to give out early warning to protect others blur sotong in case some dont know.

I also a strategic odds player and a S-chip promoter(LOL!)

Just that i also like to talk cock sing rubbish so maybe others treat me like ah siao :)

:)

warrenbegger      ( Date: 18-Jul-2011 23:31) Posted: Be carefull all my love ones out there. The market now is like, Short also die, Long also die, see who die faster and more horrible only. Stay sideline the best, dont be too greedy. I cant find any odd now, all become 50/50% bet like gamble liao. Even many stock is very cheap now, i cant even pull the trigger. If i cant see my target clearly, i will waste my bullet. Even someone loan  U to pay off loanshark interest for this month, U think U dont had to pay for next month? Never ending debt = Never ending problems. But there will be some rebound area and times for U to play, but just dont know when. We cant predict and we r not god, but we can play safe by not playing bad odds.

 

teeth53 wrote:

There is good and bad news without..Look like it do more good the bad... TEMASEK REVIEW EMERITUS- An Online Community Of Daft Singaporean Noises. UPDATE on Global economies are heading for turbulence. ARE WE IN TROUBLE GOING FORWARD?

http://./2010/07/24/update-on-global-economies-are-heading-for-turbulence-are-we-in-trouble-going-forward/

http://www.martinlee.sg/worlds-biggest-debtor-nations/

One way of comparison is by looking at the percentage of each nation’s external debt to its GDP. CNBC did a study two months ago and compiled a list using numbers provided from the World Bank.

Here is the list of the largest nation debtors out of the world’s largest 75 economies:

Country Name, Gross External Debt, GDP, percentage of external debt vs GDP

1.Ireland – 2.386tr, 188.4b, 1267%
2.Switzerland – 1.338tr, 316.7b, 422.7%
3.UK – 9.087tr, 2.226tr, 408.3%
4.Netherlands – 2.452tr, 672b, 365%
5.Belgium – 1.246tr, 389b, 320.2%
6.Denmark – 607.38b, 203.6b, 298.3%
7.Austria – 832.4b, 329.5b, 252.6%
8.France – 5.021tr, 2.128tr, 236%
9.Portugal - 507b, 236.5b, 214.4%
10.Hong Kong – 631.13b, 306.6b, 205.8%
11.Norway – 548.1b, 275.4b, 199%
12.Sweden – 669.1b, 344.3b, 194.3%
13.Finland – 364.85b, 193.5b, 188.5%
14.Germany – 5.208tr, 2.918tr, 178.5%
15.Spain – 2.409tr, 1.403tr, 171.7%
16.Greece – 552.8b, 343b, 161.1%
17.Italy – 2.31tr, 1.823tr, 126.7%
18.Australia – 891.26b, 800.2b, 111.3%
19.Hungary – 207.92b, 196.6b, 105.7%
20.US – 13.454tr, 14.26tr, 94.3%
While US has the largest external debt, it is only ranked 20th while comparing it to GDP.

Iceland has a percentage of 999% while among the low ratios, Singapore, China and India have percentages of 10.7%, 4.7% and 4.6% respectively.

 

teeth53      ( Date: 29-Jul-2011 21:35) Posted: Dow kena hit by air turbulence, there after Aug 2, 2011. More air turbulence, and after come d sunshine.  http://money.cnn.com/2011/07/29/markets/premarkets/index.htm?iid=Lead STOCKS HEAD FOR SELL-OFF 9:03AM: Stocks set to fall at the open, after GDP came in at worse-than-expected 1.3%.  More teeth53      ( Date: 27-Jul-2011 23:06) Posted: Bet on  U.S. default next week?,  betting  worth  $4.8 billion on a U.S. default..??. http://money.cnn.com/ (CNNMoney) -- Wall St is often likened to a big casino for obvious reasons. at least a few financial players are looking to cash in on such a bleak turn of events. A small camp of investors are betting that the U.S. government will default on its debt, and they're putting $4.8 billion of their chips on the table. In the event of a default, that's how much financial firms will have to pay out to investors who bought credit default swaps against the U.S. govt, according to figures from the Depository Trust and Clearing Corp.

 

 

Someone dropped a bomb on the bond market Thursday – a $1 billion Armageddon trade betting the United States will lose its AAA credit rating.

In one moment, an invisible trader placed a single trade that moved the most liquid debt market in the world.

The massive trade wasn’t placed in bonds themselves it was placed in the futures market.

The trade was for block trades of 5,370 10-year Treasury futures executed at 124-03 and 3,100 Treasury bond futures executed at 125-01.

The value of the trade was about $850 million dollars. In simple terms, if that was a direct bond buy, no one would be talking about it.

However, with the use of futures, you have to have margin capacity behind the trade. That means with a single push of a button someone was willing to commit more than $1 billion of real capital to this trade with expectations of a 10-to-1 return ratio.

Source: Investors: The $1 Billion Armageddon Trade Placed Against The United States

timqoo      ( Date: 07-Aug-2011 10:03) Posted: like very easy like that. this trade huat big. win already. MasterNg9999      ( Date: 27-Jul-2011 16:07) Posted: Think the deal done ..... but US gona lose its AAA rating after all...... http://moneymorning.com/2011/07/25/the-1-billion-armageddon-trade-placed-against-the-united-states/ Cheer

 

like very easy like that. this trade huat big. win already.

MasterNg9999      ( Date: 27-Jul-2011 16:07) Posted: Think the deal done ..... but US gona lose its AAA rating after all...... http://moneymorning.com/2011/07/25/the-1-billion-armageddon-trade-placed-against-the-united-states/ Cheer

 

LOL..surprise,,,

iPunter sifu also replied this post with same   " LPPL"   manner...is this your only one ???

 

The market responded with a " LPPL" manner lol... 

louis001      ( Date: 03-Aug-2011 10:14) Posted: go for 50/50 or all or nothing....now they say this :  Moody's Investors Service said Tuesday that the United States will retain its triple-A bond rating following passage of legislation to boost the debt ceiling. But the agency put a " negative" outlook on the rating, raising the specter of a future downgrade. louis001      ( Date: 01-Aug-2011 09:39) Posted: The Republicans are taking America by  hostage and they have to release the grip sooner or later. This cannot go on forever, given the DOW has dropped a lot over the past 1 week. Eventually it has to be resolved. After that, the traders will have another storyline to play the market. If one already has 10K in the market, one may take out 5k now and keep the rest till after 2 Aug. If one has 10K to spare, one may put in 5k now and keep 5k after 2 Aug. It is a 50-50 chance on either side. Of course, one can also adopt a ALL or NOTHING approach. Good Luck.