2010年11月19日星期五

WALL STREET: THE RISE OF DOLLAR INDEX STOPS AT ZENITH

The dollar's rebound will continue after of 1.39 and then 1.38 E tonight, Wall Street has turned coat after an hour of quotes and U.S. indexes lost collectively 1% to 5 minutes from the end, before a sudden wave of buyouts will allow the Dow Jones to resume 50pts and limit its decline to -0.55% (and the "S & P" iron -1.1% to -0.8%).

The sub-bank has been affected by an increase 10pts performance of T-Bonds in 2010 to 2.66% (hence the strongrebound $): Citigroup fell by -3.15%, Bank of America - 2.6% -1.9% U.S. Bancorp, JP Morgan -1.5%.
The scores are closing for the first time in 2 months- virtually opposite to those observed in Europe ... but up the day seemed inexplicable at the outset in Paris London or Frankfurt (rebound of the dollar, falling squares Asian flood of criticism of the strategy EDF down U.S. indices in pre-opening) seems even more incongruous after the close of Wall Street. This increase could be likened to a "bear trap" perfectly orchestrated to trap thousands of "followers" who amplify trends without ever worrying about what the generates or justified.
But before answering, the Nasdaq has offered one last shot kidney: the "gap" of 2.592Pts of January 3, 2008 has been filled.
The break in the 2,600 ... was before the mini-crash of Societe Generale, 90% of the general public was unaware at the time the existence of "subprime", the United States knew "Full employment" and the country's debt level was half lower than today.
Despite a decline -0.66% on Tuesday, the "gap" bull 2.541Pts November 4 is still gaping and the Nasdaq still shows 23% from its levels late August ... and the start of meeting even allowed to believe that a 21st meeting registration rise to a series of 24.
Among the stars of the day in the Nasdaq jumped Logitech +12%, +8% Priceline and Yahoo then gained +3.2% (rumors KKR's involvement in a takeover of the internet). Side folds, nothing very spectacular with Sandisk (-3.6%) Seagate (-2.85%), RIM (-2.65%), Expedia (-2.4%), Sears (-2%) Marvell (-1.6%).
The oil services remain popular with redemptions between Producers: +4.6% Range, +4% for Cabot Oil and Exxon earned +1.1% (At the head of Dow Jones). The S & P has been weighed down by -18% Dean Foods, Tyson Foods -3.3%, Akamai -4.8%, -4.2% Micron, AIG -4%, AMD -3.2%.


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