New Index Future Trading

maxims wrote:aam why new index futures? old one not nice meh? [You must be registered and logged in to see this image.]

new sure better than old

aam wrote:

maxims wrote:aam why new index futures? old one not nice meh? [You must be registered and logged in to see this image.]

new sure better than old [You must be registered and logged in to see this image.]

ok ok for as long as u happy u can open new 1 new 2 new 1000[You must be registered and logged in to see this image.]

S33x8 cleared at 31.0

today trade sum up:
L41x3+L37x3 cleared at 33 today = loss rm1950 after comm
S33x8 cleared at 31 = rm600 after comm

should clear long yesterday

lets try again now add S32 x4

Cals wrote:should clear long yesterday

i feel dj will go up instead of down..normally those g8 meeting will carry positive news...my 1 cent

Spain 'Discovers' 28 Billion In Debt
05/23/2012 23:43 -0400
European Central Bank Reuters

Back in late March, we pointed out - much to the chagrin of the LTRO-funded Spanish-sovereign-debt-stuffing banks of the tapas-nation - that, in a similarly misleading manner to Greece's 'leverage' the debt-to-GDP data for Spain was significantly higher than official estimates. Once sovereign guarantees, contingent liabilities and their responsibilities to the EU and the ECB were included things got a whole lot uglier. Now, slowly but surely, as reported by Reuters this evening, some of these bilateral guarantees/loans are coming to light. Instead of the expected EUR8 billion of 'regional refinancing' expected for 2012, it turns out there is EUR36 billion and as Reuters notes "the difference is due to bilateral loans from Spanish banks to the regions worth 28 billion euros that were not made public previously" adding that "It could unnerve further investors concerned by the capacity of Spain to curb its public finances and reform its banking sector." Critically this stunning 'discovery' should be worrisome since the plan, given the regions are virtually blocked from public market financing - due to the high cost of funds, was/is for the sovereign to guarantee (there's that word again) their issuance explicitly. Ironically, as de Guindos and Hollande are chummy borrow-and-spendaholic growth-seekers versus Merkel's safe-and-austere determination, so now the Spanish authorities must lend exuberantly to their regions while at the same time demanding deficit targets are met (or else?) - or as one Reuters' source objects: "You can't tell them on one side that they have to be austere and on the other side give them unlimited liquidity". Irony indeed.

China HSBC Flash PMI Declines, Economy Now In Contraction For 10 Of Past 11 Months
05/23/2012 22:50 -0400
China

The Chinese Schrodinger conundrum, in which two different distinct PMI indicators continue to paint opposite pictures of the economy, as explained first here, continues. Moments ago, the HSBC Flash PMI posted a decline from 49.3 in April to 48.7. This is the 7th consecutive month in which the economy is in a contraction according to HSBC, and 10th of the last 11. Needless to say, this is only half of the story, and we expect that the official Chinese PMI index will post another increase well into expansionary territory as the random number generator known as China_Economy.xls spews fresh gibberish every time F9 is hit. In the meantime, the spin has already begun, worse is better, and futures are higher simply because the expectation is that another perfectly futile RRR hike (which does virtually nothing for real cash circulating in the economy) will follow suit. Of course, if the number had come in over 50, the spin would be that China's economy has entered into a virtuous loop as goalseeking the narrative to comply with the central planners' market intervention continues.

German Press: "The Greek Exit Is A Done Deal"
05/23/2012 21:05 -0400
Capital Markets Creditors European Central Bank Fail France Germany Google Greece International Monetary Fund Italy Lehman None Reality

Did France, Italy and Greece think they are the only ones who can float strawmen in the media? No. Once again, Germany shows us how it is done. From Tomorrow's edition of Deutsche Wirtschafts Nachricthen: "The Greece-exit is a done deal: According to the German economic news from financial circles EU and the ECB have abandoned the motherland of democracy as a euro member. The reason is, interestingly, not in the upcoming elections - these are basically become irrelevant. The EU has finally realized that the Greeks have not met any agreements and will not continue not to meet them. A banker: "We helped with the Toika. The help of the troika was tied to conditions. Greece has fulfilled none of the conditions, and has been for months now." So more posturing? Or is Germany truly just so sick and tired of bailing out not just Greece (which pockets between 0% and 20% of any actual bailout cash), and indirectly French banks which as of this moment are the biggest pass thru beneficiaries, and of course the ECB with its tens of billions in old par GGB holdings, that this article is, gasp, founded in reality? Is Europe approaching its own Lehman moment when everyone says "just screw it", and let the dice fall where they may? Many said Lehman could never be allowed to fail. They were wrong. Just as many are saying that Europe will never let Greece leave as the costs to the continent are just too great. Well, judging by tonight's epic fiasco of a Euro-summit, the last thing we would attribute to Europe's leaders is clear and rational thought.

interesting times ahead....my money is in my pocket...ready to strike!

sapu jangan tak sapu!-Lord of destruction

Index is grinding up, futures is grinding lower...
seem like futures trade on reality, index trade on our duit kwsp
election around the corner??

Today afternoon 2pm German release GDP,,,, stay tune

European leaders clashed over joint debt sales as they called on Greece to stick with the budget cuts needed to stay in the euro and offered no immediate relief for recession-wracked Spain.

The 18th summit in more than two years of crisis fighting was marked by new French President Francois Hollande’s challenge to the German-dominated deficit-cutting orthodoxy that has failed to stabilize the euro area and led to speculation that Greece might be forced out.