World economy talk

[Monseratto]

NYMEX Oil Breaks US$ 80.00...



DOE sez expect a P1.50 rise next week...

[tidus1203]

Hewlett Packard stock GETTING KILLED. Down 20%.

HPQ is getting out of the PC business and is paying a lot for many investors on Autonomy...

[tidus1203]

I am thinking of SHORTING Hewlett-Packard!

I am seeing a double top pattern on the 10 year chart... If my analysis is right, this stock could drop to $14 in two years...



500 shares muna tapos tignan natin kasi hirap din mag SHORT kasi the price is already historically low. Tapos dag-dag na lang later if the trade favors me...

[tidus1203]

By the way mga fellow Japanese Yen fans. REJOICE! All time high ang JPY against the USD. Nearly breaking 76 at the moment...

[uls]

Bank of America got problems

$8.5B settlement rejected

lawsuits related to mortgage fraud, foreclosure fraud

Basel 3 capital requirements (so they're selling assets)

high operating cost (so they're laying off thousands)

[uls]

speaking of Bank of America...

[ame=http://www.youtube.com/watch?v=40K7p3kZO9c]Banker to Rick Perry - "I'm from Bank of America and we'll help you out" - YouTube[/ame]

[eld]

As long as USD is in the toilet, shorting yen and gold is not advisable. Investors don't have anywhere else to park on.

[Monseratto]

A little current events...economic din kasi this allows more light sweet oil to re-enter the oil market sooner.

Bye, bye Quackdaffy...Assad next.

Rebels enter Tripoli, crowds celebrate in streets - Yahoo! News

Rebels enter Tripoli, crowds celebrate in streets

AL-MAYA/TRIPOLI (Reuters) - Rebel fighters streamed into Tripoli as Muammar Gaddafi's forces collapsed and crowds took to the streets to celebrate, tearing down posters of the Libyan leader.

A convoy of rebels entered a western neighborhood of the city, firing their weapons into the air. Rebels said the whole of the city was under their control except Gaddafi's Bab Al-Aziziya-Jazeera stronghold, according to al-Jazeera Television.

After a six-month civil war, the fall of Tripoli came quickly, with a carefully orchestrated uprising launched on Saturday night to coincide with the advance of rebel troops on three fronts. Fighting broke out after the call to prayer from the minarets of the mosques.

Rebel National Transitional Council Coordinator Adel Dabbechi confirmed that Gaddafi's younger son Saif Al-Islam had been captured. His eldest son Mohammed Al-Gaddafi had surrendered to rebel forces, he told Reuters.

Only five months ago Gaddafi's forces were set to crush the rebel stronghold of Benghazi, the leader warning in a television address that there would be "no mercy, no pity" for his opponents. His forces, he said, would hunt them down "district to district, street to street, house to house, room to room."

The United Nations then acted quickly, clearing the way for creation of a no-fly zone that NATO, with a campaign of bombing, used ultimately to help drive back Gaddafi's forces.

"It's over. Gaddafi's finished," said Saad Djebbar, former legal adviser to Libyan government.

[uls]

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[Monseratto]

Gold didn't sleep during the weekend...

[Monseratto]

INO.com News - Brent oil down as rebels capture most of Tripoli

(AP:SINGAPORE) Brent crude fell to near $106 a barrel Monday as Libyan rebels captured most of the country's capital, boosting hopes the OPEC nation's oil exports could resume soon.

In London, Brent crude for October delivery was down $2.27 per barrel to $106.35 on the ICE Futures exchange.

Benchmark oil for September delivery was down 21 cents to $82.05 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. Crude fell 12 cents to settle at $82.26 on Friday.

Rebels overran most of Tripoli after a quick advance to the capital as defense of Moammar Gadhafi's regime collapsed. Gadhafi's whereabouts were unknown while two of his sons were captured by rebels.

Benchmark crude rose from $84 in February to near $115 in May as the uprising shut down Libya's oil exports of 1.5 million barrels a day. Although Libyan oil amounted to less than 2 percent of world demand, its loss affected prices because of its high quality and suitability for European refineries.

[uls]

i wouldnt count on Libyan oil yet

Libya oil infrastructure damage reported to be significant

restoration of output (1M bpd) will take more than a yr

restoration to pre-war output (1.6M bpd) will take more than 2 yrs

[eld]

Ahahaha another enemy of Israel bites the dust. Iba na talaga pang hawak mo sa bayag ang nag-iisang superpower.

[safeorigin]

Broken window tactic ^^

[uls]

B of A

[uls]

measure of a bank's strength: tier 1 capital and tier 2 capital

tier 1 capital (or core capital) is more important. it's shareholder equity

look what's happening to BofA stock

the market is forcing BofA to raise capital

[uls]

restoration of Libya oil production should have no effect on WTI

Libya oil exports go to Europe

WTI


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overreaction (Brent fell to $105 yesterday) that Libya oil will be back on the market

Libya oil production isnt gonna be restored anytime soon

Brent


Oil Rises a Second Day on U.S. Fuel Demand, Libya Crude Production Outlook - Bloomberg

Libya Revolt

The Libyan revolt, which began in February, has reduced the availability of light, sweet crude, or oil with low density and sulfur content. The country’s output fell to 100,000 barrels a day last month, a Bloomberg News survey showed. That’s less than 10 percent of the 1.6 million barrels the nation pumped in January, before the uprising.

It may take until 2012 before oil exports resume if the government falls, Emmanuel Fages, an energy analyst with Societe Generale SA in Paris, said yesterday. Goldman Sachs Group Inc. said resuming shut production will be “challenging,”according to an Aug. 22 report.

[Monseratto]

Gold broke US$ 1900...

[uls]

GLD is now the biggest ETF in the world

bigger than SPY