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crash 2005

European Stocks Decline On N. Korea Missile Tests

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http://www.bloomberg.com/apps/news?pid=206...r=world_indices

July 5 (Bloomberg) -- European stocks fell after a missile test by North Korea raised security concerns and triggered a slide in Asian markets. BHP Billiton and Total SA led a drop by commodity producers.

``It's a dangerous signal,'' said Roger Nightingale, a global strategist at Millennium Global Investments in London, which oversees $4.3 billion. ``You will see the impact today. There is an enormous proliferation'' of third-world countries wanting to get weapons, including nuclear arms.

N Korea 'fires seventh missile'

http://news.bbc.co.uk/1/hi/world/asia-pacific/5149512.stm

The launch took place at 1722 Japan time (0822 GMT), according to local media reports.

The news comes hours after North Korea test-fired at least six missiles, including a long-range Taepodong-2, sparking global condemnation.

The UN Security Council is due to hold an emergency meeting later on Wednesday to discuss the developments.

The closed UN session was requested by Japan, which said it was co-ordinating its response to the missile tests with the US and other countries.

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Hardly the end of the world yet. The long-range missile failed completely.

Bloombery will have someone try to explain the behaviour of the stock market every day. 4 weeks ago we were in a bear market and the end was nigh, now it was a correction and we are moving onwards at full steam.

The market goes back for a day and WW3 is about to start!!!

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Strange that they can shoot down a missile doing 5000mph on the othjer side of the world and yet a plane aproaching the Pentagon at 500mph and plenty of warning could not be stopped even after it entered the most defended airspace in the world.

You can not have it both ways

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Strange that they can shoot down a missile doing 5000mph on the othjer side of the world and yet a plane aproaching the Pentagon at 500mph and plenty of warning could not be stopped even after it entered the most defended airspace in the world.

You can not have it both ways

Watch this when you get a chance!

http://video.google.com/videoplay?docid=-2023320890224991194

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July 5 (Bloomberg) -- European stocks fell after a missile test by North Korea raised security concerns and triggered a slide in Asian markets. BHP Billiton and Total SA led a drop by commodity producers.

But do you honestly believe this is what is moving the markets?

``It's a dangerous signal,'' said Roger Nightingale, a global strategist at Millennium Global Investments in London, which oversees $4.3 billion. ``You will see the impact today. There is an enormous proliferation'' of third-world countries wanting to get weapons, including nuclear arms. "

Amazing: we hav eall this steady build up in nuclear proliferation - and we'll see the effects TODAY! Does nobody else get fed up with this sort of BS?

Why do people believe this is THE NEWS (just cos it has the Bloomberg / Reuters stamp of approval) when they are so willing to believe other sources are all VI?

For insatnce, a little lower down:

Alliance & Leicester Plc dropped after Credit Agricole SA, said it wouldn't make an offer for the U.K. lender.

Ah yes, that famous trigger for stock price falls : the takeover bid! :lol::lol::lol:

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every country over there is at war - name one that isnt...its only time before America sets off WW3

how about israel palestine, Iraq, Iran..and loads more...

So why the need to sell stocks on more of the same? If what you say is true, it's all in the price.

How about somebody show me a chart with the other 6 missile launches marked on it. If there is a correlation

such events should ahve produced similar price falls. Can anybody be bothered to produce this chart? Of course

not. they'd rather have Roger Nightingale tell them what the world is like.

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Stocks react badly to uncertainty and the threat of war is possibly among the most destabilising factors. It seems to be triggering a return to gold:

http://www.marketwatch.com/News/Story/Indi...p;dist=morenews

The North Korea move sent the front-month gold futures contract up $13.50 to $629.50 an ounce.

NY futures appear to be down sharply for much the same reason:

http://finance.yahoo.com/mo

09:00 am : S&P futures vs fair value: -5.2. Nasdaq futures vs fair value: -13.6. Futures indications continue to sport a negative bias and are setting the stage for equities to start on a downbeat note. Even though market-moving newsflow remains relatively light, with no earnings reports of note until Alcoa (AA) kicks off earnings season next Monday, exacerbated geopolitical concerns following North Korea's provocative test-fire and further weakness in Treasuries continue to act as an overhang and are questioning the sustainability to the market's recent rally.

There is also some potentialy inflationary news on jobs hitting the US which may get the market into a slide frenzy again due to the threat of more IR hikes:

http://www.marketwatch.com/News/Story/Stor...amp;siteid=mktw

Last Update: 8:46 AM ET Jul 5, 2006

NEW YORK (MarketWatch) -- Treasurys fell early Wednesday, sending yields higher, after a private-sector jobs survey showed the
strongest employment growth in its five-year history
, raising expectations for the June jobs report scheduled for release Friday.

Mervyn did say that there was a bumpy road ahead and it seems we may not be out of the rough patch yet. :o

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NY off to a weak start:

DJ INDUSTR AVERAGE (DJI:^DJI) Edit

Index Value: 11,164.39

Trade Time: 2:40PM

Change: Down 63.63 (0.57%)

Prev Close: 11,228.02

Open: 11,225.06

Day's Range: 11,155.97 - 11,225.06

52wk Range: 10,098.20 - 11,709.10

Volume: 17,220,916

FTSE sympathetic:

FTSE 100 (FSI:^FTSE) Edit

Index Value: 5,833.80

Trade Time: 2:40PM

Change: Down 49.70 (0.84%)

Prev Close: 5,883.50

Open: 5,883.50

Day's Range: 5,831.70 - 5,883.50

52wk Range: 5,022.10 - 6,137.10

US jobs data strong. Missiles probably NBD after today's kerfuffle.

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Turning a little more to the downside:

FTSE 100 (FSI:^FTSE) Edit

Index Value: 5,817.60

Trade Time: 3:57PM

Change: Down 65.90 (1.12%)

Prev Close: 5,883.50

Open: 5,883.50

Day's Range: 5,817.00 - 5,883.50

52wk Range: 5,022.10 - 6,137.10

DJ INDUSTR AVERAGE (DJI:^DJI) Edit

Index Value: 11,128.13

Trade Time: 3:58PM

Change: Down 99.89 (0.89%)

Prev Close: 11,228.02

Open: 11,225.06

Day's Range: 11,123.32 - 11,225.06

52wk Range: 10,098.20 - 11,709.10

Volume: 71,948,616

Is this part of the correction that began in May or just a little profit taking from last week's rises? IMO--the correction contnues. The same problems still exist.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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