Asian indexes begin positively on the last trading day of
the week and month of January; EOM (end of month). The SPASX200 begins up
+0.7%. Aussie stocks run higher as traders sniff out a rate cut by the RBA next
week. Aussie dollar 0.7777. Miners, energy, oil and gas companies are floating
higher. Hedge funds are dipping toes in the water buying beaten down energy
companies. Are they catching a falling knife? Fortescue is up +15% in less than
two days as company officials claim the iron ore price should stabilize. The
KOSPI begins trading +0.4% higher.
The dollar/yen moves above 118 running to 118.21. Banzai! The
NIKK bounces +1% in early trading.
[Text is Redacted: Purchase January 2015-01 to Read the Complete Chronology]
[Text is Redacted: Purchase January 2015-01 to Read the Complete Chronology]
CZR pukes -7% as its bankruptcy and restructuring problems
continue. Gaming stocks are beaten across the board today due to the weak sales
numbers from the Las Vegas Strip. The only folks with discretionary money to
blow on gambling are the wealthy that were made richer by the Federal Reserve’s
policies over the last six years.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.