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

To: Maurice Winn who wrote (105451)	4/6/2014 10:11:05 AM
From: bacchus_ii	Respond to of 219403

Victoria Nuland should be prosecuted by the UN for interference in foreign countries [if you want to moan about foreigners illegally interfering in other countries which have nothing to do with them]. "I was just following orders" was not an accepted defence in the Nuremberg trials so perhaps should not be accepted in her instance. They always did it: During Cold War, CIA used ‘Doctor Zhivago’ as a tool to undermine Soviet Union washingtonpost.com

To: Maurice Winn who wrote (105451)	4/7/2014 12:13:59 PM
From: elmatador	Read Replies (1) \| Respond to of 219403

Nasdaq sell-off prompts fears of another technology meltdown Tech sell-off in US sends world stocks markets down US stocks fell again today, with the S&P 500 on track for its third straight decline, as weakness in some of the market’s recent high-flying names continued. Biotech and Internet names were among the most pressured, extending recent losses that sent the Nasdaq and benchmark S&P index to their worst drop since February on Friday. Yahoo fell 2 per cent to $33.58, Biogen lost 2.2 per cent to $282 and Gilead Sciences fell 1.3 per cent to $71.04. The Dow Jones industrial average was down 4.67 points, or 0.03 percent, at 16,408.04. The Standard & Poor’s 500 Index was down 3.54 points, or 0.19 percent, at 1,861.55. The Nasdaq Composite Index was down 16.14 points, or 0.39 percent, at 4,111.58. Losses in the Dow were limited by Intel Corp, which rose 1.6 percent to $26.59. The Nasdaq suffered its biggest decline since February on Friday as investors extended a recent sell-off in high-flying and high-growth shares, mostly in the tech and biotech sectors, on fears that they are overvalued. The negative sentiment spilled into Asia today, hitting Japanese tech stocks. The pull-back came after the Dow and S&P 500 indexes hit record highs following March US jobs data that soothed concerns about the health of the economic recovery there but eased fears of an early interest rate hike. World stocks, as measured by MSCI, had enjoyed three weeks of straight gains as easing tensions in the Crimea region of Ukraine encouraged investors to add risks. “Markets are overbought over the short term. We have seen a decent run after the Crimean situation cool down a little bit and now it’s quite natural to see a breather from that level,” said Gerhard Schwarz, head of equity strategy at Baader Bank. The MSCI world equity index fell a third of a percent, having hit levels not seen since late 2007 on Friday. US stock futures were pointing to a weaker start on Wall Street later. Japan’s Nikkei fell 1.6 per cent, led lower by index heavyweight Softbank which fell over 4 per cent in brisk turnover. SoftBank shares have become very sensitive to moves in US tech stocks ahead of Alibaba’s IPO, which is expected to become one of the largest offerings in history. SoftBank holds around a 37 percent stake in the Chinese e-commerce giant. European stocks were down around 0.8 per cent while emerging stocks outperformed with a decline of just 0.15 per cent following three weeks of gains. The dollar was slightly lower against a basket of six major currencies. The euro rose 0.1 percent to $1.3726. Euro zone bonds rose broadly on expectations the ECB may undertake a programme of asset purchases, known as quantitative easing or QE, this year to support the economy. Greek debt yields hit a four-year low and German and Italian bond futures rose, extending Friday’s rally after a German newspaper said the ECB had modelled the effects of buying a trillion euros of assets to ward off deflation. That followed comments by ECB president Mario Draghi that policymakers were unanimous that asset purchases might be needed to tackle persistently low inflation. “Investors are just looking for yield pick-up with the ECB’s accommodative stance at this juncture,” RIA Capital Market strategist Nick Stamenkovic said. U.S. crude oil fell half a percent to $100.66 a barrel after worries about supply disruption eased as Libyan rebels occupying four eastern oil ports agreed to gradually end their eight-month-old blockade. The 10-year US Treasury yield stood at 2.720 percent, having fallen on Friday after the jobs report eased concerns about an early interest rate hike. Short- and medium-term Treasury yields had surged after Fed chair Janet Yellen suggested on March 19th that the central bank could raise interest rates earlier than expected. Dr Yellen was more dovish in a speech on March 31st, when she defended the Fed’s supportive measures. Short- and medium-dated US Treasuries notes are viewed as most vulnerable to a hike in overnight interest rates, which are currently near zero.

To: Maurice Winn who wrote (105451)	4/7/2014 12:17:05 PM
From: elmatador	Read Replies (1) \| Respond to of 219403

Tech sell-off extends to Europe and Asia By Sally Davies and Neil Dennis Arm Holdings was among the fallers in London as the sell-off, which was most heavy among web application stocks in the US and Asia, extended to manufacturers of tech hardware and internet providers. Arm, which designs processors that are used in many smartphones and tablets including the iPhone and iPad, fell 2.4 per cent to 972.5p. Rival Imagination Technologies lost 5.6 per cent to 202.6p, while Pace, a maker of TV set-top decoders, fell 1.2 per cent to 444.6p. In Europe providers of internet and telecoms services were the biggest losers as investors ditched stocks they considered had made a good run-up in recent years and that looked vulnerable at current valuations. Iliad, the French mobile network operator, fell 5.5 per cent to €198.60, while rival Bouygues fell 6 per cent to €29.00. Alcatel-Lucent, the French network equipment maker, lost 3.5 per cent to €2.86 and Finland’s Nokia shed 3.9 per cent to €5.32. “There seems to be some rotation out of any names which have effectively been labelled a ‘bubble’ over the past six months or so, and there seems to be some money being repositioned into names which have been returning cash to shareholders,” said Chris Weston at IG Index. Valuations for technology companies on both sides of the Atlantic have been at multiyear highs, with observers in recent weeks predicting that the market is due a correction. Faster internet, the boom in smartphones, falling cost of hardware, the rise of cloud computing and growth in online shopping have made technology businesses more appealing to investors. Since the beginning of 2013, Europe’s tech hardware sector has risen nearly 40 per cent. “Markets tend to overvalue growth stocks in a period of disruption,” said Ian Spence, analyst at UK research group Megabuyte. “There’s an assumption that all the companies involved in disruption will be successful, which clearly can’t be the case.” But questions remain about whether these companies can measure up to investors’ optimism – and, in particular, whether social networks such as Twitter, which is yet to make a profit, will be able to create sustainable businesses out of their large user numbers. The Nasdaq Composite, whose 2.6 per cent fall on Friday triggered the sell-off in Europe and Asia, was down a further 0.8 per cent by midday in New York. The index includes high profile tech stocks Google and Facebook and has been trading at a price to earnings ratio of about 32, and an enterprise value to ebitda multiple of 15. Shares in Google were down 0.8 per cent, while Facebook was up 0.6 per cent. In Asia, shares in Tencent, best known for its WeChat social media app, fell 4.5 per cent to HK$501.50. Tencent, which is profitable, is valued at 35 times forward earnings even after falling 12 per cent since April 2. South Korea’s Naver, which owns another Asian messaging app, Line, fell 6.5 per cent to Won739,000, while Japanese mobile group SoftBank was down 4.6 per cent to Y7,556.