Hi guys,
In Phaedrus's absence, is someone with live NZX charting able to pull up an OBV for KIP.NZ? I suspect there maybe some sort of bullish divergence at the 1.10 mark. Many thanks.
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Hi guys,
In Phaedrus's absence, is someone with live NZX charting able to pull up an OBV for KIP.NZ? I suspect there maybe some sort of bullish divergence at the 1.10 mark. Many thanks.
AMR
I dont get the NZ charts now so I cant help you with that one. Perhaps check with Db he maybe could help?
Alternatively can you get want you want from Google - they have NZ share chart, etc.
rgds - arco
doesn't look too bullish to me.
Just stop paying your mortgage (not just Wall St getting bailed out)
http://www.signonsandiego.com/uniontrib/20081010/news_lz1e10schiff.html
If your mortgage does become the property of Uncle Sam, the growingly popular impulse to “just walk away” should be replaced by “just stay and stop paying.” No one will throw you out. After a few months, or years, of living payment free, you will get a call from a motivated government agent eager to adjust your loan into something affordable.
To bolster your bargaining position it will help to be able to claim poverty. As a result, if you have any savings, spend it soon, before they call. Buy a bigger TV, a new wardrobe, or better yet, take a vacation. After the hardship of spending all of your refi cash, you probably deserve it. If you have any guilt just remember, Washington argues that consumer spending is the best way to stimulate the economy. Living beyond your means is a patriotic duty.
French bank admits trading loss
http://newsimg.bbc.co.uk/media/image...117133_-57.jpg
French Finance Minister Christine Lagarde has called for a special audit of all French banks after Caisse d'Epargne admitted a big trading loss.
The mutual savings bank said it lost 600m euros ($807m; £466m) in a derivatives trading incident last week.
http://news.bbc.co.uk/2/hi/business/7675574.stm
Andrew Lahde, the hedge-fund manager who quit after posting an 870 percent gain last year, said farewell to clients in a letter that thanks stupid traders for making him rich and ends with a plea to legalize marijuana.
http://www.bloomberg.com/apps/news?p...d=aVUE96d.HKyw
Citic Pacific faces $2bn in forex losses
By Justine Lau and Tom Mitchell in Hong Kong
Monday Oct 20 2008 09:05
The overseas arm of a major Chinese government conglomerate is facing billions of dollars in potential losses after making one-way bets against the US currency.
Citic Pacific, the Hong Kong-listed arm of China International Trust and Investment Corp, said on Monday it had suffered foreign exchange losses currently estimated at about US$2bn.
"These contracts were done without proper authorisation, and the potential maximum exposure under these contracts was not evaluated correctly," Larry Yung, Citic Pacific chairman, said on Monday at a hastily arranged press conference in Hong Kong. "I personally, and on behalf of the board, am very sorry that this has occurred."
http://us.ft.com/ftgateway/superpage...20081013587325
so many whoopsy daisies coming out of the woodwork... quite unbelievable. where are the risk management skills...??
Velly Solly !
Makes Nick Leeson look positively angelic
FRANKFURT, Oct 23 (Reuters) - German banks gave most to Icelandic borrowers and were owed $21 billion before the recent financial storm swept markets, according to figures released by the Bank for International Settlements.
The research shows the country's banks, as well as handing out almost one third of loans in the Nordic outpost, are the most exposed to some of Europe's fragile economies, such as Spain and Ireland where they are owed more than half a trillion dollars.
The loans bode ill for Europe's economic powerhouse as a global recession looms.
More......http://www.guardian.co.uk/business/feedarticle/7912719