OzRant for Tuesday Feb 9 2010
Ords slightly (0.41%) lower; volume above average and losers dominate breadth stats by 1.3:1: sectors mixed with a slight downside bias. The NZSE50 closed down 0.4% for the day.In Japan, the Nikkei225 is currently trading down 0.9% for the session; Hong Kong's Hang Seng is down 0.2%.The KOSPI has lost 0.8% so far today.
Well, I [...]
Told Ya It Was A White Elephant…
So it turns out that the shiny new “Look at how big my erection is” building in Dubai… is closed. Stupid pissing-contest real estate development is an excellent sign of a country that’s set to go “phut”… think “Millennium Dome”.Here’s the story… Burj Khalifa, World’s Tallest Tower, Closed A Month After Opening.
USRant for Monday Feb 8 2010
Well would ya lookit that… US markets down on a Monday: looks like quant algos are now selling anything that moves, since volume accelerates on downmoves.
The nearest support (basis the S&P500 is down around 1005 – fully 50 points below current levels: if that breaks and 1000 is breached by more than a couple of [...]
Indicted BofA CEO: If I Go, Bukkake and Hankie Go Too
Mmmmm… you've got to love it when maggots start trying to eat each other.
Ken Lewis – CEO of BofA at the time of the Merrill Lynch 'shotgun marriage' – has been indicted; everybody who knows anything about the issue knows that Professor Bukkake and Mr-Hankie Paulson are in this up to their foreskins, and now [...]
Mortgage Bankers Lose 50% on their OWN HQ…
You can't make this up… your Beloved GT's worldview gets another validation from Madame Reality as we learn that the Mortgage Bankers Association has sold their headquarters (for which they paid $90m at the top of the market) for $41 million.
These are the folks who have their press releases about the property market treated as [...]
