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


To: Haim R. Branisteanu who wrote (104287)1/24/2014 3:17:16 PM
From: 2MAR$  Respond to of 217575
 
Things got spooked this week,aside from a surprise drop in China flash PMI readings weds, was this simultaneous SEC ruling that came out, banning the big four Chinese accounting firms , the basis for all civilized behaviors "accountability & transparency"?

Had some real damping effect, shorts on all Chinese nets good for 10% in 2days, they were already in nosebleed territory. It didnt stop traders from bidding them up to the max-out, the greed factor with traders in a bull market as always off the charts.

*Especially noted the 11% drop in Lockheed Martin LMT profits reported weds,the defense stock run/cycle just came to an abrupt end, that trade was getting long in the tooth. Some run to gold.

SEC judge bars "Big Four" China units for six months over audits
reuters.com
reuters.com

China responds

China Warns U.S. of Consequences After SEC Bans Accounting Firms
businessweek.com
businessweek.com