.SSEC Shanghai Composite Index 03:15 AM 3,767.10 +96.70 +2.63% Wasn't it down like 4% just a couple hours ago? I love zero risk markets $$$
Awesome risk free $$$ every day. Much better than a CD account that gives you a meager 5% a year. SPY or DIA gives you the same level of volatility and risk as cash but around 2-3% every month. Beautiful.
Does anyone know of a site/service to get live streaming quotes/charts (i'd be happy with simply quotes!) for the Shanghai indicies? the SSE has a very lame browser refresh kinda option that is worthless. using yahoo China, the quotes on the Shanghai are *kinda* realtime. that said, the server times out a lot and is not dependable. that said, it's the best i've found! i trade asian futures and it would be quite helpful if i knew what was going on in Shanghai realtime (since 2 minutes lag often means data that is 2% off lately). anyone? btw, i use IB- if another broker carries these quotes live, i'd open an account just to get them. thanks.
I'm something like 85% cash, munis and treasuries. Brazil just announced industrial output slowed dramatically, the U.S. 2 year treasury is at 5%, the Yen is gaining on the dollar and the euro, and Bernanke specifically warned of investor complacency and still troubling inflationary 'resource utilization rates' today. In the interim, the SSEC is down 5.8% as I type this, even market bulls acknowledge the U.S. economy is 'flirting' with recession, and both the BOJ and ECB will be raising rates. This is not an ideal time to be exposed aggressively to equities, and if you are, you'd be wise to swallow the cost of put insurance, IMO, after the stellar run we've enjoyed since June of last year (a run that a 24 month period would be proud to own in historically normative terms).
By the way, I'm not calling a top. I have never, and will never try to. I will never try to call a bottom either. These things are absolutely unknowable. You just have to weigh the variables, as best you can, and formulate a hypothesis, and then trade it, and be prepared to love with the results.
gang of four... (one of my fave bands from my youth btw...) here tis! http://online.wsj.com/mdc/public/page/mdc_international.html?mod=mdc_topnav_2_3004