MER sounds alarm on global liquidity
#1
Posted 08 February 2007 - 10:32 AM
Here's the first part:
Merrill sounds alarm on global liquidity
By Ambrose Evans-Pritchard, International Business Editor
Last Updated: 1:22am GMT 06/02/2007
Tom Stevenson: Investment column
Merrill Lynch has warned of a global credit crunch as central banks in Europe and Asia tighten monetary policy, advising clients to shun risk and switch to safer assets over the forthcoming months.
Presenting its strategy for 2007, the US bank said the world boom is clearly giving way to a slowdown that will shake up markets and punish smaller equities, industrial metals, and lower-tier assets of almost every kind.
It's worth reading in its entirety.
I hope this post works. I never did this before.
#2
Posted 08 February 2007 - 10:34 AM
Hank
http://www.telegraph...i...te=1&page=0
Here's the first part:
Merrill sounds alarm on global liquidity
By Ambrose Evans-Pritchard, International Business Editor
Last Updated: 1:22am GMT 06/02/2007
Tom Stevenson: Investment column
Merrill Lynch has warned of a global credit crunch as central banks in Europe and Asia tighten monetary policy, advising clients to shun risk and switch to safer assets over the forthcoming months.
Presenting its strategy for 2007, the US bank said the world boom is clearly giving way to a slowdown that will shake up markets and punish smaller equities, industrial metals, and lower-tier assets of almost every kind.
It's worth reading in its entirety.
I hope this post works. I never did this before.
#3
Posted 08 February 2007 - 10:35 AM
http://www.telegraph...i...te=1&page=0
Here's the first part:
Merrill sounds alarm on global liquidity
By Ambrose Evans-Pritchard, International Business Editor
Last Updated: 1:22am GMT 06/02/2007
Tom Stevenson: Investment column
Merrill Lynch has warned of a global credit crunch as central banks in Europe and Asia tighten monetary policy, advising clients to shun risk and switch to safer assets over the forthcoming months.
Presenting its strategy for 2007, the US bank said the world boom is clearly giving way to a slowdown that will shake up markets and punish smaller equities, industrial metals, and lower-tier assets of almost every kind.
It's worth reading in its entirety.
I hope this post works. I never did this before.
Exactly right. RUT and MID will be the weakest; SPX will be comparatively strong.
Edited by jawndissedi, 08 February 2007 - 10:45 AM.
#4
Posted 08 February 2007 - 10:59 AM
1480 ........ that should be the high for 2007 ......
enjoy
Hank
btw my blog is updated for today
http://www.telegraph...i...te=1&page=0
Here's the first part:
Merrill sounds alarm on global liquidity
By Ambrose Evans-Pritchard, International Business Editor
Last Updated: 1:22am GMT 06/02/2007
Tom Stevenson: Investment column
Merrill Lynch has warned of a global credit crunch as central banks in Europe and Asia tighten monetary policy, advising clients to shun risk and switch to safer assets over the forthcoming months.
Presenting its strategy for 2007, the US bank said the world boom is clearly giving way to a slowdown that will shake up markets and punish smaller equities, industrial metals, and lower-tier assets of almost every kind.
It's worth reading in its entirety.
I hope this post works. I never did this before.
Exactly right. RUT and MID will be the weakest; SPX will be comparatively strong.
#5
Posted 08 February 2007 - 11:35 AM
personally I think this miild correction may end in a few days and then a final push up to
1480 ........ that should be the high for 2007 ......
That's works for me. I'm not smart (or foolish?) enough to try and trade a precisely timed and measured top. A year from now when you look at a chart for 2007, you'll see how trivial the difference between 1455 and 1480 on the SPX really is.
#6
Posted 08 February 2007 - 12:28 PM
HSBC warning hits banks (biggest bank in Europe)
By Michael Hunter
Published: February 8 2007 09:08 | Last updated: February 8 2007 09:22
London equities fell in opening trade on Thursday as the banking sector was hit by HSBC’s surprise warning of increased debt provision within its US operations (extra $2 billion).
The purchase of Household in 2003 has left HSBC vulnerable to the slowing housing market in the US, leading it to warn on Thurday of an increase in debt provision within its mortgage operations there.
http://www.ft.com/cm...00779e2340.html
http://stockcharts.c...allery.html?HBC
#7
Posted 08 February 2007 - 01:27 PM
NEW down 28%
New Century Financial Corporation (NYSE: NEW), a real estate investment trust (REIT), announced a major earnings restatement, including a “surprising” loss in the most recent quarter
http://stockcharts.c...allery.html?NEW
New is the third-largest U.S. subprime mortgage lender