Well Shanghai Casino did it again collapsed 6.74%......as Chinese Banks were told to increase Bank reserves to cut down inflationary effect in economy...thus Bank lending was down.....No news there as it was known that banks were told to cut down on lending.....
Have you noticed lately that European exchange do NOT panic with Shanghai freefall..both DAX & CAC is down 1.07%...FTSE is closed today.....
Japan not only has a new party in power but their Industrial production was UP 1.9%...
Canada June GDP grew by .10%...first positive number in a long long time....
India reported their GDP grew by 6.1%........
All this overnight news does NOT look Bearish to me @ all......
So..be careful when you follow pundits who do NOT know ..."which end is UP"
Gold Down $9.50
Oil Down $3.29 to $69.45...back to support....
Canadian $ Down 41 tick...in sympathy to Oil being Down.....
My portfolio is POT,SOL,RIMM.....
@ 12.13 following are green in my watch list :
NTES,FMCN,NDAQ,VAR,AMTD,V.....
SINA reports AH......
BLOG does NOT give buy or sell.
Saleem
4 comments:
Hi Saleem,
Orderly mark down to futures so far.
No panic setting in.
Comparable to other world markets.
A well deserved rest????
Best Regards
Hi Standards,
I think close should bring buyers for month-end positioning.
Saleem
Hi Saleem,
BDI -4 flat.
Continuing weakness in GNK
Best Regards
Hi Standards,
Thanks for BDI info.....NOT a good indicator for shipping stocks....
Saleem
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