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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Madharry who wrote (36506)1/21/2010 12:28:39 PM
From: Dale Baker  Respond to of 78602
 
The last two days have little to do with any fundamentals; the herd decided to reverse and run the other way. I scanned dozens of charts today that mostly look the same.



To: Madharry who wrote (36506)1/21/2010 1:39:38 PM
From: Paul Senior  Read Replies (1) | Respond to of 78602
 
For me, adds today to LM, IPHS, X, PG, XOM, TDW

finance.yahoo.com



To: Madharry who wrote (36506)1/21/2010 8:52:53 PM
From: E_K_S  Read Replies (1) | Respond to of 78602
 
Asia Stocks down more than 3% - Proposed new Australian mining Tax

Asian Shares Fall on Australia Mining Tax Concern
bloomberg.com

From the article:"...BHP Billiton Ltd., the world’s biggest mining company, sank 2.7 percent after the Sydney Morning Herald newspaper said an Australian tax review recommends replacing royalty charges on mining projects with a national resource rate. Rio Tinto Group, the world’s third-biggest mining company, lost 3.2 percent..."

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If Australia imposes a mining tax, when will Canada or Brazil do the same thing? This is equivalent to a tariff and could very well stagnate global growth from China.

EKS