With all the turbulence in the world markets, we have as the shining beacon the Shanghai Composite Index which has had its 7th day bull run.

SHANGHAI, China: China's shares rose Tuesday to their seventh record close this month as gains in financial companies profiting from a market boom offset losses for other blue chips.

The benchmark Shanghai Composite Index rose 1.1 percent to 4,872.79, breaking the record set Monday. The Shenzhen Composite Index for China's smaller second market rose 1.8 percent to 1,331.22.

http://www.iht.com/articles/ap/2007/08/14/business/AS-FIN-MKT-China-Markets.php

FTSE up, CAC, DAX down . HK up above 22000 and Nikkei up slightly.

BSE trading flat all day long to end 16 points down

INDICES Points +-Pt +-%
SENSEX ê 15,000.91 -16.30 -0.11
MIDCAP ê 6,563.16 -12.01 -0.18
SMLCAP é 8,034.56 6.28 0.08
BSE-100 ê 7,726.77 -8.77 -0.11
BSE-200 ê 1,829.76 -2.02 -0.11
BSE-500 ê 5,867.47 -5.70 -0.10


Yesterday TSX and Dow opened with a great leap upwards but lost ground in afternoon trading to end in negative territory.

Today, like yesterday the Dow futures are up, but who knows what the day holds.

Hang on to your seats!

SHANGHAI, China: China's shares suffered their sharpest loss in two weeks Thursday as a decline in global markets set off a round of profit-taking after a series of record highs.

The benchmark Shanghai Composite Index ended down 2.1 percent at 4,765.45, its biggest percentage decline since it fell 3.8 percent Aug. 1. The Shenzhen Composite Index for China's smaller second market slipped 0.6 percent to 1,317.90.

http://www.iht.com/articles/ap/2007/08/16/business/AS-FIN-MKT-China-Markets.php

Have the US woes
hit China or is this a temp blip?

BSE gets whupped by 642 points!


INDICES Points +-Pt +-%
SENSEX ê 14,358.21 -642.70 -4.28
MIDCAP ê 6,352.44 -210.72 -3.21
SMLCAP ê 7,797.26 -237.30 -2.95
BSE-100 ê 7,385.39 -341.38 -4.42
BSE-200 ê 1,750.59 -79.17 -4.33
BSE-500 ê 5,623.14 -244.33 -4.16

Dax, FTSE, CAC all losing ground. Nikkei and HK down heavily. Market's hawa is tight.

Brent down to below $70 and west Texas at $73 plus. The traditional picture of Brent below West Texas is back in force.

Gold in the $660s and silver in the low $12s.

Loonie below 93 cents!

Can't remember who it was, but some guy/gal made a remark when Dow hit 14000 that th economy was in doldrums. Was it an accidental remark or was he/she somehow in the know, or did he/she realise it wasn't long before the sub-prime challenges really hit the fan?

Most markets are now in official correction territory with the Dow just a kiss away from it, and the Dow futures are heavily down.

Will Bernanke hold onto his job?

A 10-step recovery plan for panicked investors
John Heinzl


Thursday, August 16, 2007

Overcome by subprime sadness? Crying about the credit crunch?

You've come to the right place.

As a service to readers, the in-house therapeutic staff at Market Moves has designed a 10-step program to help you cope with the market mayhem.

Followed diligently, particularly when supplemented with a program of moderate alcohol consumption, these steps will allow you to ride out the current discombobulations with a smile on your face.

Look at our picture. We're smiling. And our portfolio is going down the tubes!

Step 1. Admit you're powerless over the stock market. Ever since man invented markets - it started with goats and cows and morphed into credit-default swaps and hybrid collateralized debt obligations - one thing has been constant: Prices go up, and they go down. Sometimes they go down hard. This short-term volatility is the price you pay for the long-term gains the stock market delivers. It's entirely normal.

Step 2. Stick with quality. Financial stocks have been getting creamed as investors worry about the fallout from the credit squeeze. But any losses our banks incur would be mere paper cuts compared with the billions in profit they pull down annually. "We continue to remind investors that Canadian banks have extremely strong capital ratios," said analyst Ian de Verteuill at BMO Nesbitt Burns.

Step 3. Buy stocks with rising dividends. When markets are going to hell, there's nothing like a dividend cheque to cheer you up - especially when the cheques gets bigger every year. Banks, insurers, pipelines and some REITs are examples of companies that excel in this respect.

Step 4. Double-up on your mortgage payment. If buying stocks makes you nervous right now, take the money you would have otherwise invested and pay down the mortgage. You'll generate an after-tax return equal to the interest rate on your home loan. And, unlike asset-backed commercial paper, it's guaranteed.

Step 5. Make an RRSP contribution. By putting money into your RRSP now, you'll avoid the February rush and prevent yourself from squandering the cash on a 51-inch LCD TV. That's what the tax refund is for.

Step 6. Stay positive. Yes, it's scary out there. Ooooo, scary! But it's not all doom and gloom, folks. Yesterday, H.J. Heinz and Deere & Co. both posted profits that topped estimates, giving their stocks a boost. In another positive sign, U.S. consumer prices rose just 0.1 per cent in July - the smallest increase in a year.

Step 7. Remember that this, too, shall pass. During the stock market crash of 1987, the Dow Jones industrial average plunged 22 per cent in one day. Less than two years later, it had recouped all of its losses. Five years later, it was up 41 per cent from its level before the crash. And 10 years later, it was up 253 per cent.

Step 8. Focus on the long term. Check out the chart of Royal Bank. Do you think folks who bought 10 years ago are worried about the latest hiccup? No, they're too busy picking out a fall wardrobe at Holt's.

Step 9. Resist the urge to check share prices every 30 seconds. If you invest in solid businesses, just hold them and forget about it. Checking prices will only give you an ulcer. Okay, just one more time.

Step 10. Give yourself a break. Go for a walk. Listen to Hall and Oates on your iPod. Make a new friend on Facebook. Anything to get your mind off the market.

Everything's gonna be okay, really. But you have to follow the program.



http://www.globeinvestor.com/servlet/story/RTGAM.20070816.wheinzl0816/GIStory/

The Ten Step Program is Great

Whoo boy! Like HK must have set a new record with a 1200 point jack up in a single day!
Amazing!

SHANGHAI, China: Chinese stocks bounced back Monday from last week's malaise, with the benchmark Shanghai Composite Index gaining more than 5 percent — its biggest one-day percentage jump in two years.

The benchmark Shanghai Composite Index gained 5.3 percent, or 248.28 points, to 4,904.85. It was the index's largest daily percentage rise since June 8, 2005, when it surged 8.2 percent.

The Shenzhen Composite Index rose 4.5 percent to 1,356.02.

Rattled by declines elsewhere, the Shanghai index fell 2.3 percent on Friday, following a 2.1 percent drop the day before.

Although China's markets are isolated from global financial flows, Friday's rebound on Wall Street after the Federal Reserve's discount-rate cut helped calm jitters over the impact of the U.S. subprime mortgage crisis, analysts said.

Today in Business

Europe and Asia stocks rally after U.S. rebound

Nasdaq to sell its stake in the London Stock Exchange

Bank of Japan may say no this week to an interest rate increase

The Fed's move triggered a strong rebound in Asian markets Monday. Taiwan's Weighted Price Index rose 5.3 percent; Hong Kong's Hang Seng Index advanced 5.9 percent and Japan's Nikkei 225 jumped 3 percent.

http://www.iht.com/articles/ap/2007/08/20/business/AS-FIN-MKT-China-Markets.php

BSE up a more modest 286 points

INDICES Points +-Pt +-%
SENSEX é 14,427.55 286.03 2.02
MIDCAP é 6,342.78 83.31 1.33
SMLCAP é 7,832.36 137.56 1.79
BSE-100 é 7,420.85 158.66 2.18
BSE-200 é 1,756.65 35.66 2.07
BSE-500 é 5,642.44 111.50 2.02

Europe also up


As everybody knows, the TSX and Dow were up on Friday due to Bernanke's move. The Dow futures are up today

Let's see how the day unfolds.

Shanghai Composite Index Up, Threatens 5,000

600198.SH, 728.HK, 941.HK, CHA, CHL, CSRC, China Mobile, China Telecom, Datang Telecom, Finance
Posted by: Riki Hsu on Aug 21, 2007 | 18:08
Editorial Summary
The Shanghai Composite Index rose 1.03 percent to close at 4,955.207 on Tuesday, while the Shenzhen Composite Index rose 1.63 percent to close at 1,375.28 the same day. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached 155.845 billion Yuan and 86.331 billion Yuan, respectively, on Tuesday.

http://www.pacificepoch.com/newsstories/104412_0_5_0_M/

BSE needs viagara badly- down 438 points
INDICES Points +-Pt +-%
SENSEX ê 13,989.11 -438.44 -3.04
MIDCAP ê 6,134.23 -208.55 -3.29
SMLCAP ê 7,538.45 -293.91 -3.75
BSE-100 ê 7,179.39 -241.46 -3.25
BSE-200 ê 1,699.07 -57.58 -3.28
BSE-500 ê 5,457.00 -185.44 -3.29


Wotta ride yesterday- TSX and Dow doing wild sinusoidal swings in day-trading! Finally both up!

Today HK up (not as wild as yestyerday where it went up 1200 points) and Nikkei up. Europe basically flat in the green or red slightly.

Dow futures slightly up.

Weathering all this sub-prime crisis in the US is China- it's hitting record high after high! Brave lads!

Some people are wise,
Others are otherwise!


Ridng high on that buckin' bronco is the amazing HK index which closed up 600 points!

and China

SHANGHAI: Chinese stocks reversed early declines to surge to another record high Wednesday, after Beijing's latest interest rate hike failed to put off avid buying.

The benchmark Shanghai Composite Index rose 0.5 percent, or 24.86 points, to 4,980.08 after nearly breaching the 5,000 level.

The Shanghai index fell 1.9 percent in early trading Wednesday after hitting a record high on Tuesday. It posted its biggest one-day percentage gain in two years — 5.3 percent — on Monday. It is up 86 percent since the beginning of the year.

http://www.iht.com/articles/ap/2007/08/22/business/AS-FIN-MKT-China-Markets.php

BSE up 259 points holding above 14000

INDICES Points +-Pt +-%
SENSEX é 14,248.66 259.55 1.86
MIDCAP é 6,159.62 25.39 0.41
SMLCAP ê 7,518.70 -19.75 -0.26
BSE-100 é 7,297.83 118.44 1.65
BSE-200 é 1,725.19 26.12 1.54
BSE-500 é 5,532.32 75.32 1.38

Europe up, Dow futures up, oil below $70, silver at $11+ and gold at $667.

Seeing as how TSX is materials and resource driven and the prognosis for oil and gold is up, we should see a lot of upside in TSX from here onwards, though how much of a pain the sub-prime crisis is gonna be is still open.
However, world wide the paring off of billions of dollars from the market caps of the indices is well over the losses suffered from sub-prime mortgages and the forecast is that the markets will regain some of the ground lost in that initial sell-off frenzy.