Chilling and cruising
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u mean for calls order?
looking for a runner in pennyland again while learning option.
China vice premier sees chronic global recession
(Reuters) - A long-term global recession is certain to happen and China must focus on domestic problems, Chinese Vice Premier Wang Qishan has said.
"The one thing that we can be certain of, among all the uncertainties, is that the global economic recession caused by the international financial crisis will be chronic," Wang was quoted by the official Xinhua news agency as saying at the weekend.
Wang's comments were the most bearish forecast ever by a top Chinese decision-maker about the world economy, and Beijing's worry about a worsening global environment could translate into an impetus for pro-growth policies at home.
China launched a massive fiscal stimulus package with a price tag of 4 trillion yuan ($650 billion) in late 2008 to avert a big impact from the global financial turmoil.
According to Xinhua, Wang did not speak this time about any major policy change but reiterated that banks should be more flexible lending to the agricultural sector and small firms.
"As for our country, which relies highly on external demands, we must see the situation clearly and get our own business done," Xinhua quoted Wang as saying, referring to exports.
China's central bank, which sometimes has to report to Wang, who is in charge of China's financial sector, said last week that it is ready to fine-tune monetary policy if needed.
At a meeting of local government officials and financial executives in the central province of Hubei on Saturday, Wang said local financial institutions such as city commercial banks and credit cooperatives should not seek to expand their business beyond their regions.
Wang also urged banks to pay close attention to the international financial situation. Xinhua did not give further details.
(Reporting by Zhou Xin and Benjamin Kang Lim; Editing by Paul Tait)
lol at boywonder1, he got burned in VMSYQ.. I checked his history he bought in around .013+ and now .0018 pump all the way down LMAO
trading view looks good though
European Commission to Propose Shared Euro-Zone Representation at IMF
WASHINGTON -- Europe's upcoming proposals to fight its debt crisis will include new economic rules for the continent and shared representation for euro-zone nations at the International Monetary Fund, a senior European Commission official said in an interview Saturday.
Viviane Reding, a European Commission vice president, said the new steps to be unveiled Wednesday will show Europe building stronger ties to relieve mounting international doubts about the future of the 17-nation currency bloc.
"All these measures, which would have been unthinkable a year ago, are coming now to set up real economic governance in the euro zone, which was missing," said Ms. Reding, who was in Washington to meet with Obama administration officials ahead of a U.S.-European Union summit later this month.
The European Commission, the executive arm of the European Union, plans to release proposals next week to boost oversight of national budgets and improve economic governance. It will also lay out options for a common euro-zone bond that ultimately could be adopted once budget rules are changed.
The commission plans to propose giving euro-zone nations "one voice" within the IMF and other international financial institutions, effectively pooling their individual shares together, Ms. Reding said. "The euro area will be strengthened because it speaks with one voice."
She declined to provide details until the proposal is released.
Euro-zone members already tend to vote in a similar fashion at the IMF, given their interests. But pooling their shares into a single group could substantially boost their clout at the IMF.
The 17 nations using the euro currency account for more than 20% of the voting shares at the fund. That would be larger than the roughly 17% stake held by the U.S., which gives the U.S. veto power over major changes at the institution. As a result, any proposal for shared euro zone representation could face some opposition from other IMF members.
Ms. Reding said the overall efforts reflected "a real federal movement" for Europe, likening it to 1790 in the United States when the federal government assumed state debts.
"In very deep crisis moments you see resilient behavior -- coming up and saying, 'Now we solve it, now we do the things we have not been able to do in the months and years before,'" she said. "The crisis is for us a unique chance."
The euro zone is facing growing risks of breaking apart under bloated debt loads and severe market pressure in many nations. Greece, Ireland and Portugal are already operating under international bailouts. Surging borrowing costs in Italy and Spain are raising new doubts among investors about how long the currency bloc can remain intact in its current form.
Even the relatively stronger European nations, such as Finland and Austria, faced new risks over the past week as the debt crisis spread.
Ms. Reding said some nations were facing "unbearable debts and unbearable deficits" and needed to take steps to get their budgets in order. The worries about the debt crisis showed why broader steps are necessary, she said.
"You cannot manage from one day to another," she said. "That is management by panic."
It's unclear whether the upcoming proposals can gain traction quickly enough to stem market pressures. Past European efforts to build stronger ties within Europe have faced opposition from nations that fear yielding authority over their national budget policies to an outside authority in Brussels.
But Ms. Reding said opposition to greater economic integration has lifted in recent months as the debt crisis accelerated.
"Even the big states understood they couldn't do it on their own anymore," she said. "We have understood that we are not islands. Our economies are now interwoven."
Write to Sudeep Reddy at sudeep.reddy@wsj.com
i am not ready yet. still learning when I am ready I will create 1
Washington events for Nov. 21 - 25
Monday, Nov. 21
House on recess all week.
8:30 a.m.: Chicago Fed National index for October, released by the Chicago Federal Reserve Bank.
10 a.m.: Existing home sales for October, released by the National Association of Realtors.
ECONOMY AND POLITICS | Economy and Politics page
Click to Play
Deficit supercommittee hits roadblock on tax cuts
Congress is stymied over how to launch a new deficit reduction initiative, but one of the biggest obstacles is an old D.C. standby: The fate of Bush-era tax cuts set to expire at the end of 2012.
• Congress averts government shutdown
• Economy on firming footing, but ...
• Jobless claims at lowest level since April
• Housing starts showing signs of life
• Track the latest economic-data reports
• Latest news on the Federal Reserve
• U.S. economic calendar
• Global economic calendar
• Political Watch blog
• Columns: Nutting | Delamaide | Kellner
• Market Snapshot | Bond Report | Currencies
• See the week's data in charts
• Sign up for breaking-news alerts by email
• Meet the Republican presidential candidates
Tuesday, Nov. 22
8:30 a.m.: Gross domestic product for the third quarter, released by the Commerce Department.
10 a.m.: Richmond Fed survey for November, released by the Richmond Federal Reserve Bank.
2 p.m.: Federal Open Market Committee minutes, released by the Federal Reserve.
Wednesday, Nov. 23
Supercommittee deadline to present 10-year plan for future deficit reduction.
8:30 a.m.: Weekly jobless claims, released by the Labor Department.
8:30 a.m.: Personal income and consumer spending for October, released by the Commerce Department.
8:30 a.m.: Durable goods orders for October, released by the Commerce Department.
9:55 a.m.: Consumer sentiment for November, released by UMich/Reuters.
11 a.m.: Kansas City Fed survey for November, released by the Kansas City Federal Reserve Bank.
Thursday, Nov. 24
Government closed in observance of Thanksgiving Day holiday.
Friday, Nov. 25
No indicators or news events scheduled.
chapter 7 = game over
100% agree!
I have more money ready for another dip Bring it!
another fail pump? what did barchart tell u?
I thought u said commons are safe
My holdings SPY 135 Dec C 30 at .14-.15, CAT 100 W C 5 at .22, AMZN 220 Dec C 2 1.77 risking $1k for $10k in a month or less than a month. Good luck guys! still watching AAPL
$SPY will it continue and break 123?
U.S. stocks mixed on uncertainty
Conference Board finds risk of recession has receded
NEW YORK (MarketWatch) -- U.S. stocks were near flat Friday as Wall Street toyed with extending a two-session slide as Wall Street found some comfort in European Central Bank purchases of Italian and Spanish debt.
“There are many factors in play in Europe, some of them economic or financial, but most of them political, and that adds a greater degree of uncertainty for stocks,” said Mitch Schlesinger, chief investment officer at FBB Capital Partners.
Click to Play
Trading tips for a sideways market
C Squared's Ben Brinneman talks about making money trading stocks in a volatile market, including shares under $10. Image: Getty Images
“The general perception on Europe is Europeans don’t know what the end game looks like, and the market would rather have bad news and get it done with,” Schlesinger added.
The Dow Jones Industrial Average DJIA +0.33% rose 18.95 points, or 0.2%, to 11,789.68, with 20 of its 30 components on the rise.
The S&P 500 Index SPX +0.13% fell a fraction to 1,215.79, with utilities and consumer staples faring best and energy and consumer discretionary the weakest performers among its 10 industry groups.
Leading declines on the S&P, shares of Salesforce.com Inc. CRM -10.05% fell 9.9% a day after the provider of Web-based customer-management software projected a lackluster fourth-quarter.
The Nasdaq Composite COMP -0.32% fell 10.43 points, or 0.4%, to 2,577.56.
Advancers maintained a slight edge over decliners on the New York Stock Exchange, where 498 million shares traded as of 12:55 p.m. Eastern.
“We had a pretty constructive first speech out of the new ECB President Mario Draghi, who alluded to the fact there would be more interest-rate cuts coming from the ECB and also he was pressing hard for implementation of the FSF (Financial Stability Facility,)” said Art Hogan, an equity strategist at Lazard Capital Markets.
“And, overnight the ECB stepped in and bought some euro bonds, about $225 million euros’ worth, 70% from Italy and 30% from Spain, which certainly helped calm things down,” Hogan added.
The euro EURUSD +0.50% bought $1.3518, up from the prior session. Yields on 10-year Spanish bonds fell to 6.353%. Yields on benchmark French and Italian debt, which reflect borrowing costs, also fell.
In another better-than-expected report on the U.S. economy, the Conference Board’s index of leading economic indicators climbed 0.9% in October, its biggest jump since February.
“Most of the data we’ve seen recently is supportive of a moderately growing U.S. economy despite what is going on in the rest of the world,” said Schlesinger.
Kate Gibson is a reporter for MarketWatch, based in New York.
U.S. stocks mixed on uncertainty
Conference Board finds risk of recession has receded
NEW YORK (MarketWatch) -- U.S. stocks were near flat Friday as Wall Street toyed with extending a two-session slide as Wall Street found some comfort in European Central Bank purchases of Italian and Spanish debt.
“There are many factors in play in Europe, some of them economic or financial, but most of them political, and that adds a greater degree of uncertainty for stocks,” said Mitch Schlesinger, chief investment officer at FBB Capital Partners.
Click to Play
Trading tips for a sideways market
C Squared's Ben Brinneman talks about making money trading stocks in a volatile market, including shares under $10. Image: Getty Images
“The general perception on Europe is Europeans don’t know what the end game looks like, and the market would rather have bad news and get it done with,” Schlesinger added.
The Dow Jones Industrial Average DJIA +0.33% rose 18.95 points, or 0.2%, to 11,789.68, with 20 of its 30 components on the rise.
The S&P 500 Index SPX +0.13% fell a fraction to 1,215.79, with utilities and consumer staples faring best and energy and consumer discretionary the weakest performers among its 10 industry groups.
Leading declines on the S&P, shares of Salesforce.com Inc. CRM -10.05% fell 9.9% a day after the provider of Web-based customer-management software projected a lackluster fourth-quarter.
The Nasdaq Composite COMP -0.32% fell 10.43 points, or 0.4%, to 2,577.56.
Advancers maintained a slight edge over decliners on the New York Stock Exchange, where 498 million shares traded as of 12:55 p.m. Eastern.
“We had a pretty constructive first speech out of the new ECB President Mario Draghi, who alluded to the fact there would be more interest-rate cuts coming from the ECB and also he was pressing hard for implementation of the FSF (Financial Stability Facility,)” said Art Hogan, an equity strategist at Lazard Capital Markets.
“And, overnight the ECB stepped in and bought some euro bonds, about $225 million euros’ worth, 70% from Italy and 30% from Spain, which certainly helped calm things down,” Hogan added.
The euro EURUSD +0.50% bought $1.3518, up from the prior session. Yields on 10-year Spanish bonds fell to 6.353%. Yields on benchmark French and Italian debt, which reflect borrowing costs, also fell.
In another better-than-expected report on the U.S. economy, the Conference Board’s index of leading economic indicators climbed 0.9% in October, its biggest jump since February.
“Most of the data we’ve seen recently is supportive of a moderately growing U.S. economy despite what is going on in the rest of the world,” said Schlesinger.
Kate Gibson is a reporter for MarketWatch, based in New York.
I still like baristas outfit
nice link Thanks!
Market sees 1-in-5 chance of supercommittee deal
November 18, 2011, 12:18 PM
Intrade sees less than a one-in-five chance that the congressional supercommittee will meet its Wednesday deadline for identifying more than $1 trillion in deficit reduction, a reflection of growing pessimism about the panel’s work.
There’s just a 17% chance that the 12-member supercommittee will come up with $1.5 trillion in savings before midnight on Nov. 23, according to the prediction market. The committee is charged with identifying at least $1.2 trillion in savings, but getting to even that number is looking harder and harder as members wrangle over taxes and spending.
Democratic and Republican leaders are reportedly spreading the word among colleagues that they expect the supercommittee won’t be able to meet its goal of finding $1.2 trillion in cuts. They’d have to “pull a rabbit out of a hat,” House Speaker John Boehner told attendees of a fundraiser this week, according to Politico.
With just five days to go, the six Democrats and six Republicans are stuck on how to raise revenue and shrink spending, even though Republicans have moved closer to Democrats on raising taxes and Democrats have put entitlement-program cuts on the table.
If they can’t agree, automatic, across-the-board cuts of $1.2 trillion take effect beginning in 2013.
Even if the supercommittee can’t agree, it’s important to note that the cuts wouldn’t take effect until after next year’s congressional and presidential elections. So a new Congress, and perhaps a new president, could reverse them. Read questions and answers about the supercommittee process.
Market sees 1-in-5 chance of supercommittee deal
November 18, 2011, 12:18 PM
Intrade sees less than a one-in-five chance that the congressional supercommittee will meet its Wednesday deadline for identifying more than $1 trillion in deficit reduction, a reflection of growing pessimism about the panel’s work.
There’s just a 17% chance that the 12-member supercommittee will come up with $1.5 trillion in savings before midnight on Nov. 23, according to the prediction market. The committee is charged with identifying at least $1.2 trillion in savings, but getting to even that number is looking harder and harder as members wrangle over taxes and spending.
Democratic and Republican leaders are reportedly spreading the word among colleagues that they expect the supercommittee won’t be able to meet its goal of finding $1.2 trillion in cuts. They’d have to “pull a rabbit out of a hat,” House Speaker John Boehner told attendees of a fundraiser this week, according to Politico.
With just five days to go, the six Democrats and six Republicans are stuck on how to raise revenue and shrink spending, even though Republicans have moved closer to Democrats on raising taxes and Democrats have put entitlement-program cuts on the table.
If they can’t agree, automatic, across-the-board cuts of $1.2 trillion take effect beginning in 2013.
Even if the supercommittee can’t agree, it’s important to note that the cuts wouldn’t take effect until after next year’s congressional and presidential elections. So a new Congress, and perhaps a new president, could reverse them. Read questions and answers about the supercommittee process.
yes! Winter season coming up! dont need to pump this at all
Baristas san antonio facebook, meet the girls http://www.facebook.com/BaristasSanAntonio
Receded recession risk: Conference Board
Leading indicators grow at fastest pact since February
WASHINGTON (MarketWatch) — Data suggest that the risk of recession has receded, the Conference Board said Friday, as its index of leading economic indicators grew 0.9% in October — the largest growth since February — led by gains in building permits.
The index “is pointing to continued growth this winter, possibly even gaining a little momentum by spring,” said Ken Goldstein, a Conference Board economist, in a statement. He added that relatively low consumer confidence has been “the biggest obstacle in generating forward momentum.”
Click to Play
Supercommittee at tax-cut roadblock
Congress is stymied over how to launch a new deficit-reduction initiative, but one of the biggest obstacles is an old Washington standby: The fate of Bush-era tax cuts that are set to expire at the end of 2012.
Economists polled by MarketWatch had expected growth of 0.7%. The Conference Board revised September’s result down to 0.1% growth from a prior estimate of 0.2% gain.
The LEI is a weighted gauge of 10 indicators that are designed to signal business-cycle peaks and troughs.
October’s result suggests persistent strong economic activity, said Millan Mulraine, TD Securities’ economics strategist.
“On the whole, this report underscores the positive tone of the recent flow of economic reports pointing to a meaningful pick-up in overall economic activity during the quarter,” Mulraine said.
“And while the economy remains vulnerable to mis-steps in Europe and Washington, there is every indication that the recovery is slowly moving into the clear, building on the momentum from the last quarter.”
Details
Among the 10 indicators that make up the LEI, the only negative contribution in October came from faster supplier deliveries.
Positive contributions came from: building permits, the interest-rate spread, average weekly manufacturing hours, stock prices, the real money supply, average weekly claims for unemployment-insurance benefits, consumer expectations, manufacturers’ new orders for consumer goods and materials, and manufacturers’ new orders for nondefense capital goods.
Despite October’s gain, longer-term growth in the LEI is slowing. For the six months through October the index rose 3%, compared with a gain of 3.5% in the prior six months.
The Conference Board’s gauge of current economic activity rose 0.2% in October, compared with zero growth in September. In the six months through October, the barometer of current activity rose 0.7%, compared with a gain of 1.3% for the prior six months.
Ruth Mantell is a MarketWatch reporter based in Washington.
Receded recession risk: Conference Board
Leading indicators grow at fastest pact since February
WASHINGTON (MarketWatch) — Data suggest that the risk of recession has receded, the Conference Board said Friday, as its index of leading economic indicators grew 0.9% in October — the largest growth since February — led by gains in building permits.
The index “is pointing to continued growth this winter, possibly even gaining a little momentum by spring,” said Ken Goldstein, a Conference Board economist, in a statement. He added that relatively low consumer confidence has been “the biggest obstacle in generating forward momentum.”
Click to Play
Supercommittee at tax-cut roadblock
Congress is stymied over how to launch a new deficit-reduction initiative, but one of the biggest obstacles is an old Washington standby: The fate of Bush-era tax cuts that are set to expire at the end of 2012.
Economists polled by MarketWatch had expected growth of 0.7%. The Conference Board revised September’s result down to 0.1% growth from a prior estimate of 0.2% gain.
The LEI is a weighted gauge of 10 indicators that are designed to signal business-cycle peaks and troughs.
October’s result suggests persistent strong economic activity, said Millan Mulraine, TD Securities’ economics strategist.
“On the whole, this report underscores the positive tone of the recent flow of economic reports pointing to a meaningful pick-up in overall economic activity during the quarter,” Mulraine said.
“And while the economy remains vulnerable to mis-steps in Europe and Washington, there is every indication that the recovery is slowly moving into the clear, building on the momentum from the last quarter.”
Details
Among the 10 indicators that make up the LEI, the only negative contribution in October came from faster supplier deliveries.
Positive contributions came from: building permits, the interest-rate spread, average weekly manufacturing hours, stock prices, the real money supply, average weekly claims for unemployment-insurance benefits, consumer expectations, manufacturers’ new orders for consumer goods and materials, and manufacturers’ new orders for nondefense capital goods.
Despite October’s gain, longer-term growth in the LEI is slowing. For the six months through October the index rose 3%, compared with a gain of 3.5% in the prior six months.
The Conference Board’s gauge of current economic activity rose 0.2% in October, compared with zero growth in September. In the six months through October, the barometer of current activity rose 0.7%, compared with a gain of 1.3% for the prior six months.
Ruth Mantell is a MarketWatch reporter based in Washington.
hows the girls? I forgot to visit when I was in seattle. damn
$USD Index real time chart Link~ http://www.forexpros.com/quotes/us-dollar-index-advanced-chart
BCCI FTW
*** LOTTO PLAY *** bought $SPY 135 DEC CALLS, qty 15 at .15
Risk $225+ commission lets say $240, Aiming for $1K+ profit
Lotto play only remember
agree! I hope they are still wearing sexy outfit
ooo its running, only holding 10k from .055 for long term, aim for .30-.50 pps. winter season coming up
100% agree with u.
Mikey
Share
Thursday, November 17, 2011 5:42:38 PM
Re: TSRAYS post# 53681
Post # of 53963
yes, ts..........if you wait till the chart looks good on spy, you are usually too late
15 so its like $225, and it trading near support line
bought 15 $SPY 135 DEC CALLS at .15 this morning for lotto.
yea dollar spiked down but spiked up again 3 minutes after. crazy strong
looks like a fail bounce, will wait few more minutes
in $SPY 123 Nov C at .54
DX_F huge drop