Japan markets are closed until next week. South Korea,
Thailand and Indonesia markets are closed. Australia trading is underway with
the SPASX200 up marginally. The bullishness in gold miners ripples through the
entire commodities group. Aussie dollar 0.8184. The AirAsia doomed Flight 8501
salvage mission continues and the investigation begins as to why the airplane
fell out of the sky.
China PMI is 49.6 under 50 indicating contraction and a single
hair above the preliminary 49.5 number as well as expectations at 49.5. The
November final PMI was 50 so the economy is contracting month on month. China will
need to
[Text is Redacted: Purchase December 2014-12 to Read the Complete Chronology]
and KING is not crowned losing -30% since its debut. The IPO fervor will continue in 2015 with Uber, SnapChat, Dropbox and Airbnb leading the parade as the top offerings on tap.
[Text is Redacted: Purchase December 2014-12 to Read the Complete Chronology]
and KING is not crowned losing -30% since its debut. The IPO fervor will continue in 2015 with Uber, SnapChat, Dropbox and Airbnb leading the parade as the top offerings on tap.
The margin debt in the US is at record highs at the same
levels as the 2000 and 2007 stock market tops (the vast majority of traders are
long the market without fear or worry).
One million people celebrate New Year’s in New York City.
Revelers are herded into pens in Times Square like animals where some stand for
hours and are not allowed to leave to go to the bathroom due to security
reasons. The tight security that forces partiers to behave like livestock creates
an event only for the young to enjoy and a party definitely worth avoiding. The
last true Times Square New Year’s party ended with 9-11. The clock strikes 12 midnight
on the East Coast and 2015 begins. Happy New Year!
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