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Originally posted by Hx3_1963
Run fer yer lives!!!
Shanghai Composite 2,763.01 2:46AM ET Down 147.87 (5.08%)
Shanghai Composite 2,785.21 3:00AM ET Down 125.67 (4.32%)
Details of the settlement are likely to emerge in the news conference, but the Wall Street Journal reported that the settlement is likely to yield about 10,000 account identities and disclose 4,450 client names.
Still they are propping the retailers already to expect a bad holiday sale.
UPDATE 5-Nigeria threatens to arrest bank debtors, seize assets
* List of debtors includes powerful tycoons
* Defaulters could face arrest, asset seizures
* Bank execs sought for questioning
Tuesday, August 19, 1930: Dow 227.79 -0.23 (0.1%)
Creation of “railway czar” position “similar to those of the moving picture industry and baseball” suggested as a way of stabilizing railroad freight rates.
C. Kai-Ngau, Bank of China GM, says China trade situation damaged by chaos
“New York State Economic Council states $10M is wasted annually in government in New York State.”
Bears more cautious starting the week, content to “play for small technical reactions” but not following up aggressively. 1-3 point declines early in majors including US Steel, American Can, AT&T, but pressure lifted about noon; good recoveries in leading stocks and general market firmer.
R. Babson (economist, made good bearish call in fall 1929) calls drought damage overestimated, says Midwest farm and general business situation will improve markedly in final quarter. Also notes commodity production has declined about 30% vs. 10% decline in consumption; predicts shortages soon, restarting of production to supply demand. Doesn't yet recommend buying stocks, but feels “time is approaching when buying opportunities may appear.”
Still little public buying seen in stock market; activity mostly professional. Large and increasing short position, which should eventually be a buying factor.
Option market said more active, puts (bets on stock prices to decline) more difficult to buy than calls.
Harvey Firestone, Pres. Firestone Tire & Rubber, states America is on eve of greater prosperity than past 10 years. Expresses belief in Ford's statement there will soon be work for everybody. Says company has met depression by cutting overhead and lowering prices; plant now running night and day, 6 days a week.
Originally posted by GreenBicMan
Damn today has had some ungodly easy setups to make cash
wish i had some hahahaha
[edit on 19-8-2009 by GreenBicMan]