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September 19, 2006
Cara's Daily Planet, Tues., Sept. 19, 2006, 6:25 AM
Readers are invited to link and discuss published articles here. The interest of readers of this thread is in preserving capital through awareness.
Today there will be talk of the Amaranth hedge fund problems, the concerns over Iran and of meetings of the world leading Finance Ministers.
Posted by Posted by Bill Cara on September 19, 2006 06:25:03 AM | Category: The Daily Planet
Discourse
Hedge Fund Says It Lost $4.6 Billion
By Katherine Burton and Matthew Leising
Bloomberg News
Tuesday, September 19, 2006; Page D03
http://www.washingtonpost.com/wp-dyn/content/article/2006/09/19/AR2006091900056.html?nav=hcmoduletmv
Posted by: oratier ![[TypeKey Profile Page]](http://www.billcara.com/nav-commenters.gif)
at
September 19, 2006 7:34 AM [link]
The gamble that went spectacularly wrong
By Patrick Hosking and Liz Chong
Amaranth Advisors is the latest hedge fund to have stumbled in the markets
http://business.timesonline.co.uk/article/0,,9063-2364349,00.html
Posted by: oratier at
September 19, 2006 7:39 AM [link]
Hungary's prime minister says "we lied morning, noon and night."
http://news.bbc.co.uk/2/hi/europe/5359546.stm
Wouldn't it be helpful if the world heard more admissions like this? As it is, the credibility gap between govt and the People is wider now than at any time than I have ever seen.
Posted by: Bill Cara at
September 19, 2006 7:40 AM [link]
ECONOMIC REPORT
Current account gap widens to $218.4 billion
By Rex Nutting, MarketWatch
Last Update: 11:10 AM ET Sep 18, 2006
Posted by: oratier at
September 19, 2006 7:42 AM [link]
Holiday Sales Growth Predicted to Decline
Forecast Is Cautious as Cooling Housing Market Affects Spending, Trade Group Says
By Ylan Q. Mui
Washington Post Staff Writer
Tuesday, September 19, 2006; Page D03
http://www.washingtonpost.com/wp-dyn/content/article/2006/09/18/AR2006091801294.html
Posted by: oratier at
September 19, 2006 7:45 AM [link]
business
IMF Chief Warns of Global Growth Risks
By ELAINE KURTENBACH
AP Business Writer
Originally published September 19, 2006, 1:50 AM EDT
Posted by: oratier at
September 19, 2006 7:49 AM [link]
Canadian Centre for Policy Alternatives reports: "A Canadian (soldier) in Kandahar is six times more likely to die than an American soldier deployed to Iraq," he said.
Since May 1 this year — a period of 141 days — the Canadian force in Afghanistan, numbering about 2,200, has already lost 21 soldiers.
In almost five years, the U.S. has sufered 339 fatalities, and the UK 40, in Afghanistan.
Why is Canada at war with any country, nonetheless Afghanistan? A national referendum would stop this nonsense immediately -- by a vote of probably 3 or 4 to 1. So, why are we told we live in a democracy?
Posted by: Bill Cara at
September 19, 2006 7:54 AM [link]
Canadian Was Falsely Accused, Panel Says
After Tip From Ally, U.S. Sent Muslim to Syria for Questioning
By Doug Struck
Washington Post Foreign Service
Tuesday, September 19, 2006; Page A01
http://www.washingtonpost.com/wp-dyn/content/article/2006/09/18/AR2006091800883.html
Posted by: oratier at
September 19, 2006 8:22 AM [link]
Workers lament losses
Associated Press
Originally published September 16, 2006
Posted by: oratier at
September 19, 2006 8:23 AM [link]
THE ADVICE ISSUE (REPUBLICAN EDITION)
Save Yourself, Blame Bush
By Joe Scarborough
Joe Scarborough, a Republican congressman from Florida from 1995 to 2001, is host of MSNBC's "Scarborough Country."
http://www.washingtonpost.com/wp-dyn/content/article/2006/09/15/AR2006091500996.html
Posted by: oratier at
September 19, 2006 9:01 AM [link]
John D. and Catherine T. MacArthur Foundation
In Focus
Nurturing Creativity: 2006 MacArthur Fellows
http://www.macfound.org/site/c.lkLXJ8MQKrH/b.2066197/k.3F6D/2006_Overview.htm
Congratulations to this year's recipients
It's isn't always about making money.
Posted by: oratier at
September 19, 2006 10:56 AM [link]
Oratier, thanks for the MacArthur Foundation link. Those people are inspiring.
Posted by: Clueless at
September 19, 2006 12:10 PM [link]
An outcry over fate of gas project in Russia
Agence France-Presse, Bloomberg News, Reuters
Published: September 19, 2006
http://www.iht.com/articles/2006/09/19/business/sakhalin.php
Posted by: oratier at
September 19, 2006 12:42 PM [link]
MARKET SNAPSHOT
Wall Street retreat gains pace
Yahoo tumbles on revenue outlook; producer-price report pleases
Posted by: oratier at
September 19, 2006 12:52 PM [link]
Thai government faces coup attempt
POSTED: 1720 GMT (0120 HKT), September 19, 2006
http://edition.cnn.com/2006/WORLD/asiapcf/09/19/thailand.coup.rumor/
Posted by: oratier at
September 19, 2006 1:23 PM [link]
Ladies & gentlemen, in one corner, JC, with buy buy buy techs and chips till Christmas:
http://www.thestreet.com/_tscs/video/cramermarketupdates/10309795.html
Has the man exceeded himself? Should save this video.
Posted by: ursus at
September 19, 2006 3:36 PM [link]
JC could be right longer term - but seems a bit risky short term.
NAZ could retest its recent top I guess if oil drops to $55.
After that - the reason for the rally would end IMO.
He could be right about Oracle - I don't follow it - but it is interesting that it broke higher in August while the rest of the techs have not.
Plus the bounce into the close was somewhat strong so far - so people could be buying intending to sell on any gap up tomorrow morning if Oracle is tommorrow mornings CNBC "pump".
Preannouncement season is starting - so caution I think would be warranted - but even today - the buy the dip mentality is still playing out.
tradesman
Posted by: Tradesman at
September 19, 2006 3:54 PM [link]
What the Fed is considering at its Sept meeting
By Pedro Nicolaci da Costa
Reuters
Tuesday, September 19, 2006; 3:30 PM
http://www.washingtonpost.com/wp-dyn/content/article/2006/09/19/AR2006091900937.html
Posted by: oratier at
September 19, 2006 4:15 PM [link]
Chavez warns against Iran attack
By Greg Morsbach
BBC News, Caracas
Last Updated: Tuesday, 19 Sept 2006, 04:16 GMT 05:16 UK
"Mr Chavez has threatened to cut off oil supplies to the US if provoked.
This, he explained, on top of Iran shutting off its oil exports, could send oil prices soaring to well above $100 a barrel."
Posted by: NYUgrad at
September 19, 2006 7:37 PM [link]
Perfect Ponzi Finance Operation
Tuesday, September 19, 2006
Readers viewing today's market hysterics, may wonder how they do it? Keep in mind that the keys to maintaining US Ponzi finance (and plenty of it!) is a weak Yen that supports out of thin air credit creation carry trades, lying about inflation, and now a suppression attack on commodities, especially energy.
Posted by: duey at
September 19, 2006 10:03 PM [link]
It has been long rumored from US intellegence that North Korea, specifically Kim il Jong are puppets of the Chinese government. Yet more proof....
"China unhappy with latest sanctions"
Posted by: cb at
September 19, 2006 10:28 PM [link]
Yahoo Plunges 11% On Low Online Ads For Autos, Finance
BY PETE BARLAS
INVESTOR'S BUSINESS DAILY
9/19/2006
Posted by: NYUgrad at
September 19, 2006 11:06 PM [link]
INDICATIONS
U.S. stock futures decline as Fed decision nears
IMF director says growth cycle near peak; German confidence slumping
By Steve Goldstein, MarketWatch
Last Update: 5:47 AM ET Sep 19, 2006
http://www.marketwatch.com/news/story/Story.aspx?guid=%7B256B2AEF%2D4912%2D4E2C%2D809D%2D3908D2AE7B23%7D&siteid=
Posted by: oratier![[TypeKey Profile Page]](http://www.billcara.com/nav-commenters.gif)
at
September 19, 2006 7:31 AM [link]