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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (20513)	7/27/2007 8:54:17 PM
From: TobagoJack	Read Replies (1) \| Respond to of 220189

there are always stories within stories when large sums are involved the runner up is desperate, because it is a family out of favor, with too many enemies, have sold electricity long, and must buy on spot to make good, or build or buy plants build is not an option, when licenses must be secured, and when one is out of favor the malaysian is backed by moolah from israel, negotiated in rome japan pulled out last mo not all of the drama is suitable for si posting the over-paying hegemon made contact yesterday, as 80% of plant operation is coal ;0) i sense a price rise coming on end of 'excuse me' boring topic must get silently busy until october and, yes, i have the movie right <<why let the facts get in the way of a good dramatic post?>> you might not be able to handle the facts

To: carranza2 who wrote (20513)	7/28/2007 4:50:38 AM
From: elmatador	Read Replies (1) \| Respond to of 220189

Markets Around the World Are Marching in Lock Step Five months after stock markets around the world were shaken by a 9 percent plunge in the value of Chinese stocks, the markets have again come under severe pressure — this time made in America. But even after the worst week for the Standard & Poor’s 500-stock index in nearly five years, the American market and most others remain higher than they were after the Feb. 27 sell-off that started in China and went around the world. ELMAT: STEP Nr. 01 March in lock step without flight for 'quality' STEP Nr. 02: Decoupling In between the two falls, the leader among stock markets was China, which basically failed to participate in this week’s downturn that affected most other markets in the world. Its stock market is almost 80 percent higher than it was after the Feb. 27 fall. That day may be remembered, not as the start of a worldwide bear market as was feared then, but as an indicator of a new world economic pecking order. Whereas it was long said that the world caught pneumonia when the United States suffered a cold, it is now the Chinese economy that has taken world leadership. So long as it remains strong, many companies will prosper no matter what the prospects for their home markets. That remained true even this week, when nervousness over financial conditions and the American economy led to significant declines that did not, however, wipe out the overall gains recorded since the February plunge. The economic strength this year has been largely in Asia, where there is talk of an overheating Chinese economy and annual growth rates in gross domestic product remain in the double digits. While recessions in America and Europe would presumably damage China’s exports, its growth has so far resisted government efforts to slow it down through higher interest rates. As a result, the prices of such economically sensitive commodities as oil and copper are significantly higher now than they were in February. The Feb. 27 plunge also seems to have heralded a return of stock market volatility, which has risen substantially in many markets, including both the United States and China. In this week’s five sessions, the S.& P. 500 rose on two days, but fell sharply on the other three. It has now lost more than 1 percent of its value in four of the last six trading sessions. In the entire fourth quarter of last year, there were only three sessions in which the index rose or fell 1 percent. The year has had two days of more than 2 percent moves — Feb. 27 and Thursday — and while both were negative the overall pattern is still positive. In recent weeks, interest rates on government bonds have fallen around the world, including in Japan, Britain, Germany and the United States. That would normally tend to stimulate economies, but the impact has been muted by the recent rise in interest rates paid by borrowers who do not enjoy the sterling credit standing of major governments. In the United States, the yield on the 10-year Treasury notes is higher than it was in February, but fell to 4.76 percent yesterday from a high of 5.29 percent in mid-June. But the yield on an index of high-yield corporate bonds maintained by KDP Investment Advisors has risen rapidly, to 8.85 percent from 7.11 percent. And Freddie Mac’s weekly report of interest rates on conventional 30-year mortgages showed a rate of 6.69 percent this week, down a little from the week before but well above February levels. In addition, some highly leveraged borrowers have suddenly found it hard to borrow at all, causing problems for private equity firms that need to complete announced takeovers. Cadbury Schweppes, the British company trying to sell its United States beverage business, which includes 7-Up, Dr Pepper and Snapple, delayed the deadline for submitting bids, a move that reflected financing hardships. A look at world stock market movements, shown in the accompanying charts, since the February plunge shows that major markets now tend to move more in line with one another than ever before, reflecting the dominance of global companies. One of the charts shows the performance since the Feb. 27 plunge of both the S.& P. 500, which contains large American companies, and the S.& P. Euro 350, made up of major European companies. Over all, they have moved in lock step with one another for most of that period. And similar sectors seem to have done well or poorly. The figures are in dollars, to remove the effect of currency changes. The divergences between Europe and the United States are in areas with a greater reliance on the domestic markets. The consumer discretionary sector did much better in Europe than in the United States. Financial stocks underperformed in both markets, while energy and industrial stocks did well. Within the American markets, many industrial stocks are up significantly since February, even with this week’s problems, as is shown in the graph of the Bloomberg industrials. But retail stocks have given up the gains they recorded in the spring, and are lower than they were after the February plunge. Home builder stocks have fallen to their lowest levels in nearly three years.