Author Topic: Live chat  (Read 2932316 times)

gcr

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Re: Live chat
« Reply #3870 on: May 06, 2016, 03:58:52 pm »
Well the Rand just took a dive to 15.08/$ and 17.216 to the Euro and shares down about 1% - been a bitch of a week for shares
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Samurai

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« Reply #3871 on: May 06, 2016, 04:03:10 pm »
Sell in May and go away.

Q

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« Reply #3872 on: May 06, 2016, 04:12:09 pm »
jaDEB if u kept LON this comp would be over

Orca

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Re: Live chat
« Reply #3873 on: May 06, 2016, 05:01:02 pm »
Stocks unfazed and the $ gaining after poor NFP ????
I started here with nothing and still have most of it left.

Orca

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Re: Live chat
« Reply #3874 on: May 06, 2016, 06:59:46 pm »
I used to and would have made big bucks with this one. Trade after the knee jerk is over and go the opposite direction for 4 hours.
I started here with nothing and still have most of it left.

Orca

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« Reply #3875 on: May 06, 2016, 07:52:08 pm »
I'm sure you can PM me but before you do so read my signiture.
I started here with nothing and still have most of it left.

Moonraker

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Re: Live chat
« Reply #3876 on: May 07, 2016, 01:58:32 pm »
The Treasury was responding to Moody’s announcement late Friday that it was maintaining SouthAfrica‘s investment-grade rating while assigning a negative outlook to it.
http://www.moneyweb.co.za/wp-content/uploads/2016/05/Press-Statement-Moodys-ratings.pdf?c1ab40
Moody’s said that it had now concluded a ratings review it launched on March 8.
“The confirmation of South Africa‘s ratings reflects Moody’s view that the country is likely approaching a turning point after several years of falling growth … and that recent political developments, while disruptive, testify to the underlying strength of South Africa‘s institutions,” Moody’s said.

Hingsding

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« Reply #3877 on: May 08, 2016, 10:05:55 pm »

jaDEB

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« Reply #3878 on: May 09, 2016, 07:24:04 am »
@ Q, :)...
jaDEB

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jaDEB

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« Reply #3879 on: May 09, 2016, 09:41:05 am »
dARKSIDE 820 TH :(
jaDEB

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jaDEB

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« Reply #3880 on: May 09, 2016, 09:47:36 am »
@jaDEB... pathetic, pathetic...loser ... L
jaDEB

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Patrick

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« Reply #3881 on: May 09, 2016, 02:21:14 pm »
I thought Friday's news would be good news for the Rand today...

Moonraker

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Re: Live chat
« Reply #3882 on: May 09, 2016, 02:43:12 pm »
Well, several factors. China had poor trade figures over the weekend with imports (and exports) down, plus huge stockpiles of iron ore at their ports. This weighed on all base commodity prices like iron ore, nickel, zinc and copper. As a result, ZA being a commodity exporter, the Rand weakened. Second reason, despite weaker than expected job numbers in the US, components of the jobs market are quite strong - wages are rising. Also 2 FED governors are thinking along the lines of 2 rate increases this year with June for the first back in contention. This also weighed on EM currencies.
Last but not least, Moody's did keep our rating but changed the outlook from stable to negative. Does this answer sit well with you Patrick ?

gcr

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Re: Live chat
« Reply #3883 on: May 09, 2016, 04:06:35 pm »
There is also the issue of falling employment number in this country - down +/- 500,000 jobs in the first quarter - to put it into perspective that is 5 stadia of Soccer City size filled to capacity 
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Patrick

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« Reply #3884 on: May 10, 2016, 07:51:14 am »
Yes that makes sense. So basically the news wasn't actually that good from moody's and was totally drowned out by other pretty bad news!