US - Market Direction 01 (May 08 - Jul 08)

[kennynah]

po beh...

1010pm 11jun08 +8 GMT

current situation, does NOT look healthy for upsiders...

[kennynah]

11Jun08 - Post Market Review

Volume on all 4 Major Indexes were moderately HIGHER

DOW lost 206 points
SP500 lost 23 points
Nazdaq lost 55 points


Nazdaq - Trailing 5 Days Hourly Chart





XLF - Financial Spdr ETF

[Chiron]

Lehman Brothers is singlehandedly dragging the whole financial sector down, which in turns is pulling down the market.

[millionairemind]

If you are still in LONG positions, please be VERY VERY CAREFUL OUT THERE...

I append a chart below so that you can see the similarity. NYSE short interest ratio still at 13.88!!!

If possible, avoid bottom fishing if one can help it (I know it is difficult)

[Chiron]

Looking at the way DOW is moving, my gut feel, IMHO, is telling me that there is not enough fear in the market right now, and has not reached the point of capitulation, hence any rebound will be weak and further downside to come.

caveat emptor

[millionairemind]

Looking at the way DOW is moving, my gut feel, IMHO, is telling me that there is not enough fear in the market right now, and has not reached the point of capitulation, hence any rebound will be weak and further downside to come.

caveat emptor

A chart tells a thousand words... I present to you the FEAR FACTOR..

[kennynah]

VIX at ~24...to say it is high...cant say high...to say, it is low...cannot say it's low too... more like 1/2 1/2....

FEAR factor is not extreme as yet... although it does seem that way....

one reason why the VIX is not quite reflective of how poorly DOW has been behaving, is simply, that DOW component stocks are not measured by VIX..... VIX only measures the implied volatility of selected options of stocks in sp500 ....

therefore, if we are to wait until VIX reaches it's recent high of >30, DOW would probably be at basement 8...

i say this bcos there are shorts amongst us...

[kennynah]

11Jun08 - Post Market Review (Part II)


SP500 - A Key Support to Watch Out For

[winston]

Some of the European companies are starting to make use of the Strong Euro to buy up US assets.

================================

InBev courts Anheuser-Busch with mega-bid
Thu Jun 12, 2008 6:58am EDT

1) InBev gets funding, offers olive branch to A-Busch
2) InBev CEO sees strong rationale in A-Busch offer
3) SABMiller says InBev-Busch not to change landscape dramatically
4) Futures up as BUD leaps; eyes on retail and Fed
5) Dollar holds firm; rate outlooks reassessed

By Ingrid Melander and Julien Ponthus

BRUSSELS (Reuters) - InBev began courting Anheuser-Busch shareholders and staff on Thursday after making a $46.3 billion bid, hoping to add Budweiser to its own Stella Artois and Beck's beers and create the world's largest brewer.

"We respect the Anheuser-Busch board a lot ... we admire them a lot and we think that the business rationale is very strong," InBev Chief Executive Carlos Brito said in a video statement on InBev's website (http://www.globalbeerleader.com/home_ceo.php).

[kennynah]

and I hope they make budweiser a beer eventually, instead of some soda as it is now;)