Saturday, August 31, 2013

As The World Turns

By, Chris Rossini

Below you'll find snapshots of how major markets around the world ended the week.

U.S. - Dow Jones Industrial Average -1.33%

China - Shanghai Composite Index +1.99%

Japan - Nikkei -1.99%

UK - FTSE -1.22%

Germany - DAX Composite -3.73%

Spain - Madrid General Index -4.65%

Brazil - Bovespa Stock Index -4.19%

Israel - Tel Aviv 25 Index -1.90%

Switzerland - Swiss Market Index -3.26%

Gold -.01%

Silver -2.02%

Crude Oil +1.35%

U.S. Dollar Index +.85%

Euro -1.20%

U.S. 30YR T-Bond Yield -3.21%

Bitcoin Price = 137.5

1 comment:

  1. This week the chart of the S&P 500,$SPX, shows a 1.8% decline. The Eurozone, EZU, -5.2, Nikkei, NKY,2.7, Russell 2000, IWM, 2.7, and Asia Excluding Japan, EPP, 1.5.

    The $US Dollar, $USD, rose 0.9% to close at 82.10, at the edge of a massive head and shoulders pattern going back to March 2013. The Yen, FXY, traded +0.5% higher; but the Swedish Krona, FXS, -2.0, the Brazilian Real, BZF, -1.9, the Australian Dollar, -FXA 1.4, the Euro, FXE -1.2, the Swiss Franc, FXF, -1.0, and the British Pound Sterling, FXB, -0.5.

    Sectors and countries traded lower this week reflect the failure of banking and nation investment.

    Nation Investment, EFA, -3.9%, Small Cap Nation Investment, IFSM, -3.8%.

    Financials, IXG, -3.5, EUFN, 5.9, KRE, 4.9, RWW, 3.1, KCE, 3.1, IAI, 2.8

    Mining and Metal Manufacturing, PICK -5.3, XME 4.5, SLX 4.4, URA 3.4, KOL, 3.3

    Gold and Silver Mining, SSRI, -11.6, SIL 5.3, SILJ, 3.2, EGO, 7.7, GDX 6.6, GDXJ, 6.1

    Sectors from 30 credit and currency trade leveraged sectors seen in this Finviz Screener trading lower included XIV -13.9, EUFN 5.9, FLM 4.4, TAN 4.3, GNW 3.9, RZV 3.8, CARZ 3.7, XTN 3.5, PSCI 3.5, IGN 3.3, FXR 3.2, RWW 3.1, SPHB 3.0, PBJ 2.9, IAI 2.8, PPA 2.7, PSP 2.4, XRT 1.3, and SMH 1.2.

    Of note, the strong sell of the Eurozone Financials, EUFN, drove, European Nations, Germany, EWG, Spain, EWP, Netherlands, EWN, Italy, EWI, Greece, GREK, and Ireland, EIRL, lower, driving down the value of Eurozone Treasury Debt, EU, as is seen their combined ongoing Yahoo Finance Chart.

    The World has passed from liberalism to authoritarianism on the fast rise in the Interest Rate On The US Ten Year Note, ^TNX, to 2.78%, as the US announced plans for a war in Syria.

    Liberalism was fathered by Milton Friedman, who laid the bedrock of Free To Choose economy, with proposing floating currencies, and an abandonment of the gold standard, which featured the development of a Leveraged Speculative Investment Community, where The Too Big To Fail Banks, RWW, Investment Bankers, KCE, and the Asset Managers, such as Blackrock, BLK, seen in this Finviz Screener, coined Liberalism Stock Wealth, VT, with stocks of all kinds such as Life Insurance Company, GNW, Retailer, PSUN, ETFs of all kinds such Small Cap Pure Value Stocks, RZV, and Mutual Funds, such as VICEX.

    Jesus Christ acting at the helm of the economy of God, that is in dispensation, of all things economic and political, Ephesians 1:10, produced the sovereignty of democracy, Crony Capitalism Militarism, European Socialism, and Greek Socialism Clientelism, which flourished as the Speculative Leverage Investment Community, IXG, helped give seigniorage, that is moneyness, to Nation Investment, EFA, and Small Cap Nation Investment, IFSM, Global Industrial Production, FXR, all of which soared in value based schemes of credit and carry trade investing, such as Dollarization, POMO, and the EURJPY.

    With the failure of Credit, AGG, Money, DBV, CEW, Nation Investment, EFA, Small Cap Nation Investment, IFSM, Global Industrial Production, FXR, and Wealth, VT, Authoritarianism is rising as the new global economic and political paradigm, and features sovereignty of regional nannycrats and regional bodies.

    Auhoritarianism is fathered by Angela Merkel, who is engineering the debt servitude economy, under the sovereignty of regional governance and totalitarian collectivism. She is quoted by the Telegraph saying in the Telegraph, Greece should never have been allowed in the euro, and puts the blame on former chancellor Gerhard Schroeder. The debt servitude economy, is seen in the Daily Europe report that references a Tagesspiegel article which argues that Greece must be given more help, either by writing off some of its debts or with a fresh bailout, Commentator Harald Schumman argues.