Share Forum - Discuss JSE shares and join the Investor Challenge

So yesterday. Well...  Just went over Bernanke's speech on Sunday, no clues there.

Small rebound today?

US non-farm figures: Prior 113k, consensus 171k, actual 135k.  Positive news but still another red day for the JSE, Asia and the US this far. It hasn't been an investor friendly start to the week...

I suppose you mean positive in the sense of bad news is good news. (Payrolls way below consensus, good news for those hoping for a delay in withdrawing stimulus).

Oi man, I have been waiting for this since May and now I'm way to busy with other project to give full attention, go figure. 

The past month Nikkei 225 is down -10.00%, Asia Dow -7.24, Hang Seng  -6.89% & Singapore -6.99%.  And Europe same period FTSE -3.89%, DAX -1.83%, CAC -2.92%, IBEX -4.13% although US, - instigator this time, with DOW -0.28%, Nasdaq +0.43%, S&P -0.23%, same period. Something not right here, economic terrorism or did Asia just run too hard too fast this time?

US overnight all 3 majors closed above +0.50%, today Asia mixed with Nikkei +0.67%, Hang Seng -0.91%, Shanghai -1.25% atm.

Gold @ 1413, VIX 16.63 calmer @ -4.97%.

German trade balance came in better than expected this morning, French & GB to follow @ 8:45 and 10:30 respectively.

German industrial production @12:00 and the biggie US nonfarm payrolls & unemployment  14:30.

Allrighty then, seems its almost time to join the investor challenge then.

150th hey?  Now there's one I haven't been before.

 

The Bank of Japan left the rates unchanged, then delivered some reasonably positive news that the economy was picking up.

You must have an interesting view on life if disappointed when economy picks up and rather prefer additional easing, crazy-lazy investors.

I only see red so far for markets already closed, currently running and futures.  (Only green market today is Turkish with ongoing 'unrest an violence' which seems rather civil compared to what we classify as violent.)

Same with most commodities except coffee and soy bean the only green .   R/$ R10.26, VIX up to 15.44 (+1.98%) yesterday but we prefer this one red as it works better that way, not a good indication then.  GB industrial & manufacturing production 10:30 but for some reason I can't access web site right now, IGM T40 well on its way to negative 700 points.

Minus 1229 points on T40 yesterday nothing to yawn about.  This is the 2nd time in a very short period for negative >1000 points in one day.  It you're really fair about it, US has had 20-something consecutive positive Tuesdays of trading until recently but never at these rangers if I remember correctly.

I think it might have to do with BoJ's reluctance to add stimulus yesterday and economies seemingly picking up steam, thus no more fun money or at least the perception thereof. Also Gary Stern, former Fed president, yesterday talking about tapering publicly:

MarketWatch: What is your assessment of the economy and do you think the Fed should start to taper?

Stern: I think the economy has picked up a bit of momentum. If you think about the last 12 months, I think the preponderance of surprises have been on the positive side. They haven’t been huge, but they’ve been positive. And I think they’ve been relatively consistent. And that is all for the good, both for U.S. citizens and good for Fed policy makers, because it makes things a little easier along the way.

As far as the timing of the tapering, I personally think this would not be a bad time to start.

We have SA Retail Sales @ 13:00, US futures are up and it seems so is our market.  I would still not add to investments though, think this is not over yet.