libitina Posted January 20, 2006 Share Posted January 20, 2006 The so-called inverted curve, where short-term yields exceed long-term yields, happened between Dec. 27 and Jan. 2, the first such occurrence in about five years. The phenomenon has preceded the past four recessions. http://www.bloomberg.com/news/markets/bonds.htmlIs this why the Dow is down today? Quote Link to comment Share on other sites More sharing options...
libitina Posted January 20, 2006 Author Share Posted January 20, 2006 The latest press report that I have states... U.S. stocks fall sharply on rise in oil, earnings woes Thank you. I've bookmarked that site as it's simple enough for even me to understand. Quote Link to comment Share on other sites More sharing options...
libitina Posted January 20, 2006 Author Share Posted January 20, 2006 Bookmark this for the latest news... http://www.newsnow.co.uk/newsfeed/?name=Business+%26+Finance Quote Link to comment Share on other sites More sharing options...
Karen Posted January 20, 2006 Share Posted January 20, 2006 http://www.bloomberg.com/news/markets/bonds.html Is this why the Dow is down today? The Dow could be down because of Osama Bin laden's tape. 9/11 was an attack on the US economy. Quote Link to comment Share on other sites More sharing options...
libitina Posted January 20, 2006 Author Share Posted January 20, 2006 The Dow could be down because of Osama Bin laden's tape. 9/11 was an attack on the US economy. Was that where he was threatening more terrorist acts on American soil? Soon. Quote Link to comment Share on other sites More sharing options...
Karen Posted January 20, 2006 Share Posted January 20, 2006 Was that where he was threatening more terrorist acts on American soil? Soon. Yep, that is the one. Quote Link to comment Share on other sites More sharing options...
Van Posted January 20, 2006 Share Posted January 20, 2006 (edited) Oil is up to it's highest level since Hurricane Katrina. Light sweet went as high as $69.20 today before easing (I was watching live prices on IG Index all through yesterday and today and it was scary). Nonetheless, it's just worry.. and unless something *significant* happens to vindicate that worry, the price will ease back. Technicals are at at nosebleed levels. Edited January 20, 2006 by Van Quote Link to comment Share on other sites More sharing options...
MarkG Posted January 20, 2006 Share Posted January 20, 2006 9/11 was an attack on the US economy. Indeed. But the attack was led by George Bush, not bin Laden: if they'd just swept up in New York and shrugged, that would have saved a few trillion dollars for the US economy. Quote Link to comment Share on other sites More sharing options...
libitina Posted January 20, 2006 Author Share Posted January 20, 2006 What % will they let it drop before suspending it as in Japan? Quote Link to comment Share on other sites More sharing options...
Not a moderator Posted January 20, 2006 Share Posted January 20, 2006 Oil is up to it's highest level since Hurricane Katrina. Light sweet went as high as $69.20 ...Technicals are at at nosebleed levels. Any idea why it's called sweet? I bet a mouthfull of it wouldn't be all that sweet... I'm only being slightly silly as I would be interested in any oilbug's explanation Quote Link to comment Share on other sites More sharing options...
cgnao Posted January 20, 2006 Share Posted January 20, 2006 The DOW started crashing months ago and the fall is now accelerating. But the masses have not realised yet, because they look at it in terms of paper money. Look how different the picture looks in terms of real money. And the same applies to many other assets, including housing. http://stockcharts.com/def/servlet/SC.web?...U:$GOLD,uu[w,a]daclyyay[df][pb50!b200][vc60][iUb14!La12,26,9]&pref=G Protect yourselves (but try to buy gold on pullbacks, as it looks rather overbought now) Quote Link to comment Share on other sites More sharing options...
shermanator Posted January 20, 2006 Share Posted January 20, 2006 What % will they let it drop before suspending it as in Japan? OMG, is anyone else watching the DOW ticker? They're getting hammered big time. Are we looking at a repeat of October '87 crash? If memory serves, the DOW took a big knock Friday and we threw in the towel. Monday's sure going to be interesting................ Whether by foresight or fortune I liquidated 90% of my portfolio this week. Only holding one share, Centrica. FTSE was looking more overbought than the DOW. Guess it's going to be brown trouser weekend for those who've remained fully invested. Quote Link to comment Share on other sites More sharing options...
Karen Posted January 20, 2006 Share Posted January 20, 2006 (edited) Indeed. But the attack was led by George Bush, not bin Laden: if they'd just swept up in New York and shrugged, that would have saved a few trillion dollars for the US economy. You'll get no arguments from me on that. OMG, is anyone else watching the DOW ticker? They're getting hammered big time. Are we looking at a repeat of October '87 crash? If I remember right there is some safeguard and trading stops if it falls too far too fast. Edited January 20, 2006 by Karen Quote Link to comment Share on other sites More sharing options...
BuyingBear Posted January 20, 2006 Share Posted January 20, 2006 Dow has dropped 170 and it seems the Fed has started an assult on Bloomberg U.S. Commerce Sec. Gutierrez: U.S. Economy, Budget Deficit Jan. 20 (Bloomberg) -- U.S. Commerce Secretary Carlos Gutierrez (left) talks with Bloomberg's Tom Keene in Washington about the outlook for the U.S. economy, the budget deficit and tax cuts. They speak at the U.S. Treasury. U.S. Treasury's Snow: Economy, Health Care, China Currency Jan. 20 (Bloomberg) -- U.S. Treasury Secretary John Snow (right) talks with Bloomberg's Tom Keene about the performance of the U.S. economy, the outlook for wage and job growth in 2006, government efforts to help control health-care costs and China's yuan policy. They speak at the U.S. Treasury in Washington. U.S. Treasurer Cabral: New $10 Bill and Immigration Policy Jan. 20 (Bloomberg) -- U.S. Treasurer Anna Escobedo Cabral talks with Bloomberg's Tom Keene about her responsibilities, security measures to stop counterfeiters, the redesigned $10 bill and issues surrounding current U.S. immigration policy. They speak at the U.S. Treasury Department in Washington. White House Adviser Hubbard: U.S. Economy and Indiana Jan. 20 (Bloomberg) -- Al Hubbard (right), director of U.S. President George W. Bush's National Economic Council, talks with Bloomberg's Tom Keene in Washington about the U.S. economy, productivity growth and economic conditions in Indiana. White House Adviser Rove: U.S. Economy, Health Care, Taxes Jan. 20 (Bloomberg) -- White House Deputy Chief of Staff Karl Rove (right), talks with Bloomberg's Tom Keene from Washington about the economic issues President George W. Bush will focus on in his State of the Union address and the outlook for the Alternative Minimum Tax (AMT) and health-care legislation. Bush addresses Congress on Jan. 31. Quote Link to comment Share on other sites More sharing options...
libitina Posted January 20, 2006 Author Share Posted January 20, 2006 It's only down approx 1.5%, but wasn't the Nikkei suspended at 2%? Whats the cut off point? Quote Link to comment Share on other sites More sharing options...
libitina Posted January 20, 2006 Author Share Posted January 20, 2006 (edited) It'll be below the 10,600 mark soon at this rate. Another psychological point. Edit: I meant 10,700. Edited January 20, 2006 by libitina Quote Link to comment Share on other sites More sharing options...
BuyingBear Posted January 20, 2006 Share Posted January 20, 2006 (edited) [whistling noise]phewww[/whistling noise]. I hear Ford is cutting 25,000 jobs announced on Bloomberg. Is that one of the reasons? Yeah, and Iran, but I think we can pin that one on CNNfn rather than Bloomberg Ohh... and North Korea, who's gonna be in for that, BBC v. NBC, I'm undecided. Edited January 20, 2006 by BuyingBear Quote Link to comment Share on other sites More sharing options...
Van Posted January 20, 2006 Share Posted January 20, 2006 (edited) Any idea why it's called sweet? I bet a mouthfull of it wouldn't be all that sweet... I'm only being slightly silly as I would be interested in any oilbug's explanation Heh! Apparently it's lighter (in density.. physics 'n all that stuff) than the heavier crude oil that we drill in the north sea and better suited to, er, things (although technically both are "crude".. go figure). As far as I'm concerned, oil is oil.. You can sometimes do good arbitrage trades with the forward gap - the difference between light and crude fluctuates - sometimes as high as 350pts, sometimes as low as 20pts. Usually if you go short brent/long crude when the gap is 100pts or less you can skim off a few buck, or long brent/short crude if the gap goes over 300pts. You'll probably lose 20pts on the spread, but it's a low risk way of making a few bucks. Edited January 20, 2006 by Van Quote Link to comment Share on other sites More sharing options...
Guest Charlie The Tramp Posted January 20, 2006 Share Posted January 20, 2006 OMG, is anyone else watching the DOW ticker? They're getting hammered big time. Are we looking at a repeat of October '87 crash? If memory serves, the DOW took a big knock Friday and we threw in the towel. Monday's sure going to be interesting................ Whether by foresight or fortune I liquidated 90% of my portfolio this week. Only holding one share, Centrica. FTSE was looking more overbought than the DOW. Guess it's going to be brown trouser weekend for those who've remained fully invested. Watch the Asian Markets Monday and follow the markets westwards as we reach the London market. Still a bit dubious of a total crash, a little early yet IMHO but it depends whether there will be total panic. Just think of those who have MEWed hoping to get a quick buck on the back of the rising market in 2005. Quote Link to comment Share on other sites More sharing options...
BuyingBear Posted January 20, 2006 Share Posted January 20, 2006 Heh! Apparently it's lighter (in density.. physics 'n all that stuff) than the heavier crude oil that we drill in the north sea and better suited to, er, things (although technically both are "crude".. go figure). As far as I'm concerned, oil is oil.. The benchmark Brent is a measure of a light sweet crude, it's generally not a measure of heavy sour grades, which have an undeserving premium at the moment, the sulphur tends to eat refineries :- Quote Link to comment Share on other sites More sharing options...
colonel faulkner Posted January 20, 2006 Share Posted January 20, 2006 Any idea why it's called sweet? I bet a mouthfull of it wouldn't be all that sweet... I'm only being slightly silly as I would be interested in any oilbug's explanation If I remember correctly from university days, the sweeter the oil, the less impurities (such as hydrogen sulphide) they contain. The impurities require processing to remove them to acceptable levels, and that incurs costs. I'm prepared to be corrected by my more knowledgable forum colleagues though.............. Quote Link to comment Share on other sites More sharing options...
Van Posted January 20, 2006 Share Posted January 20, 2006 Down 170pts.. it's hardly a meltdown. Everyone seems to forget that we were as low as 10,200 back in October and some blow-off was inevitable. It's oil-price worry more than anything, IMHO. Nonetheless, anyone who holds shares knows that you get days like these - think of it as "no pain, no gain" I remember one particularly bad session last year when the Dow lost 200pts.. the intraday was a very similar plummet like what happened today. Everyone waited for the bounce that just didn't materialise. But you know what? These sessions are not just required, they are actually GOOD because the purge the weak holders out and bring the buyers back in ready for the next move up. When gold lost 3% in one session earlier in the week, no-one was screaming "meltdown".. Quote Link to comment Share on other sites More sharing options...
Catch22 Posted January 20, 2006 Share Posted January 20, 2006 ONE HUNDRED AND EIGHTY Will members of the audience please refrain from shouting when the Dow is falling Quote Link to comment Share on other sites More sharing options...
Not a moderator Posted January 20, 2006 Share Posted January 20, 2006 If I remember correctly from university days, the sweeter the oil, the less impurities (such as hydrogen sulphide) they contain. The impurities require processing to remove them to acceptable levels, and that incurs costs. I'm prepared to be corrected by my more knowledgable forum colleagues though.............. So light means lighter in density (ie more combustable) and sweet means it contains less impurities. Ta muchly Quote Link to comment Share on other sites More sharing options...
BuyingBear Posted January 20, 2006 Share Posted January 20, 2006 Will members of the audience please refrain from shouting when the Dow is falling Hrm, GOOG is a real scream, 8% down following the same yesterday, it's about to break 400, if they cannot find support at that level then it's going to 380 level. Quote Link to comment Share on other sites More sharing options...
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