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STI down 9(?) consecutive days, Dow confirm down trend....
- Thread starter TopSage
- Start date
"How your stock markets perform will depend on me since u like to kiss ma ass"
Asian Stocks Fall as Kerry Says U.S. to Hold Syria Accountable
<cite class="byline" style="margin: 0px; padding: 0px; border: 0px; outline: 0px; font-size: 11px; vertical-align: baseline; background-color: transparent; width: 640px; color: rgb(111, 111, 111); display: block; font-style: normal; line-height: 1.3em; position: static !important; background-position: initial initial; background-repeat: initial initial;">By Yoshiaki Nohara & Adam Haigh - Aug 27, 2013 8:02 AM GMT+0800</cite>
Asian stocks fell, with the regional benchmark index poised to snap a two-day gain, after U.S. Secretary of State John Kerry said the president will hold Syria’s government accountable for using chemical weapons.
The MSCI Asia Pacific Index dropped 0.3 percent to 132.28 as of 9:01 a.m. in Tokyo. Japan’s Topix index lost 0.5 percent percent. Markets are yet to open in China and Hong Kong.
Futures on the Standard & Poor’s 500 Index (SPX) fell 0.1 percent today. The measure lost 0.4 percent yesterday, reversing gains, as Kerry said President Barack Obama is consulting with allies and members of Congress over Syria’s “moral obscenity” of using chemical weapons against its people.
“There’s uncertainty over the geopolitical issues,” Angus Gluskie, chief investment officer at White Funds Management in Sydney, where he helps oversee about $500 million, said by telephone. “It’s a destabilizing factor. Many people like us would be saying let’s stand on the sidelines. At the moment, we’re not putting more money back into equities.”
President Obama will hold the Syrian government accountable for the “indiscriminate slaughter” of its own people with chemical weapons, Kerry said.
The Asia-Pacific gauge rose 1.7 percent this year through yesterday, lagging a 16 percent surge in the S&P 500 as growth slows in China and speculation that the Fed will curb economic stimulus spurred investors to sell assets across Asia and emerging markets.
The MSCI Asia Pacific index traded at 12.9 times estimated earnings yesterday, compared with 15 for the S&P 500 Index and 13.9 times for the Stoxx Europe 600 Index, according to data compiled by Bloomberg.
Futures on Hong Kong’s Hang Seng Index rose 0.2 percent and contracts on the Hang SengChina Enterprises Index of mainland Chinese companies trading in Hong Kong advanced 0.1 percent. The Bloomberg China-US Equity Index of the most-traded Chinese shares in the U.S. dropped 0.2 percent yesterday.
To contact the reporters on this story: Yoshiaki Nohara in Tokyo at [email protected]; Adam Haigh in Sydney at [email protected]
To contact the editor responsible for this story: Sarah McDonald [email protected]
Please show your trade records here to prove your claim.
until got a series of really bad news leading to financial crisis................Dow will still go up.............
after Rupee fell so much for so long................better buy..............not sell
after Rupee fell so much for so long................better buy..............not sell
hello brother, $100k can buy what ah, please advise, many many thank!
Anything that Auntie Ho sells buy, anything she buys, sell...you would not go far wrong!! 100k can buy gold at current prices...
bluemarlin
New Member
now can go in?
Ts already said confirm downtrend, and you still wanna go in?
now can go in?
If her legs are wide open and the hole is wet, sure can go in.
Masuklah Singapura!
if you think it's rock bottom already
One of the often-uttered catch phrases from one of my gor pio siao friends:
"You don't catch a falling knife."
Right....now is time to short, for those who don't short stay out of the market.
Like I have been saying serious down side risks are now unfolding do not get caught in the downturn
Looks like the trouble in Syria is getting some attention i.e. use of chemical weapons.
agree, need trousers with very deep pockets :o:o:o
[h=1]Ex-JPMorgan 'Whale' banker arrested[/h] By Mark Thompson @MarkThompsonCNN August 27, 2013: 8:14 AM ET
9:44 am: One of two charged with hiding losses on the 'London Whale' trade was arrested in Spain
Former JPMorgan banker Javier Martin-Artajo has been arrested in Spain
LONDON (CNNMoney)
[h=2]A former JPMorgan banker charged with concealing massive losses related to the bank's 'London Whale' trade has been arrested in Spain.[/h] Spanish police said Javier Martin-Artajo, former head of credit and equity trading at JPMorgan's chief investment office, turned himself in. His case has been handed over to the National Court, which deals with serious international crimes.
U.S. prosecutors charged Artajo and his colleague Julien Grout earlier this month with conspiring to conceal more than $500 million in losses related to the bank's complex derivatives bet that turned sour. The series of trades ultimately generated losses of more than $6 billion for JPMorgan (JPM, Fortune 500).
Bruno Iksil, another trader on the team, escaped prosecution after agreeing to provide U.S. authorities with evidence about the trades, and to testify at any trial.
Related: JPMorgan hiring in China being investigated
The criminal charges were the first to be filed in connection with the losses. They include The criminal charges were the first to be filed in connection with the losses. They include wire fraud, falsifying books, records and Securities and Exchange Commission filings, and conspiracy.
When losses began to mount in March 2012, Martin-Artajo allegedly instructed Grout to hide how deep they were from JPMorgan management, ultimately resulting in the bank overstating first-quarter earnings by several hundred million dollars, prosecutors say.
Related: Big banks' legal tab: $66 billion and growing
In a statement issued earlier this month via law firm Norton Rose Fulbright, Martin-Artajo said he was confident he would be cleared of any wrongdoing.
JP Morgan declined to comment.
The losses from the London trades, which drew on federally insured deposits, stoked new concerns about the stability of big banks.
A report on the botched trade issued in March by a Senate committee said JPMorgan had "disregarded multiple internal indicators of increasing risk; manipulated models; dodged [federal] oversight; and misinformed investors, regulators, and the public about the nature of its risky derivatives trading."
Regulators at the Federal Reserve and the Office of the Comptroller of the Currency ordered JPMorgan in January to improve its risk management and internal auditing in light of the losses. The bank did not face any monetary penalty at that time, consenting to the order without admitting or denying wrongdoing.
-- CNNMoney's Jose Pagliery andCNN's Al Goodman contributed to this article.
http://money.cnn.com/2013/08/27/news/companies/jpmorgan-whale-arrest/index.html?iid=Lead
9:44 am: One of two charged with hiding losses on the 'London Whale' trade was arrested in Spain
Former JPMorgan banker Javier Martin-Artajo has been arrested in Spain
LONDON (CNNMoney)
[h=2]A former JPMorgan banker charged with concealing massive losses related to the bank's 'London Whale' trade has been arrested in Spain.[/h] Spanish police said Javier Martin-Artajo, former head of credit and equity trading at JPMorgan's chief investment office, turned himself in. His case has been handed over to the National Court, which deals with serious international crimes.
U.S. prosecutors charged Artajo and his colleague Julien Grout earlier this month with conspiring to conceal more than $500 million in losses related to the bank's complex derivatives bet that turned sour. The series of trades ultimately generated losses of more than $6 billion for JPMorgan (JPM, Fortune 500).
Bruno Iksil, another trader on the team, escaped prosecution after agreeing to provide U.S. authorities with evidence about the trades, and to testify at any trial.
Related: JPMorgan hiring in China being investigated
The criminal charges were the first to be filed in connection with the losses. They include The criminal charges were the first to be filed in connection with the losses. They include wire fraud, falsifying books, records and Securities and Exchange Commission filings, and conspiracy.
When losses began to mount in March 2012, Martin-Artajo allegedly instructed Grout to hide how deep they were from JPMorgan management, ultimately resulting in the bank overstating first-quarter earnings by several hundred million dollars, prosecutors say.
Related: Big banks' legal tab: $66 billion and growing
In a statement issued earlier this month via law firm Norton Rose Fulbright, Martin-Artajo said he was confident he would be cleared of any wrongdoing.
JP Morgan declined to comment.
The losses from the London trades, which drew on federally insured deposits, stoked new concerns about the stability of big banks.
A report on the botched trade issued in March by a Senate committee said JPMorgan had "disregarded multiple internal indicators of increasing risk; manipulated models; dodged [federal] oversight; and misinformed investors, regulators, and the public about the nature of its risky derivatives trading."
Regulators at the Federal Reserve and the Office of the Comptroller of the Currency ordered JPMorgan in January to improve its risk management and internal auditing in light of the losses. The bank did not face any monetary penalty at that time, consenting to the order without admitting or denying wrongdoing.
-- CNNMoney's Jose Pagliery andCNN's Al Goodman contributed to this article.
http://money.cnn.com/2013/08/27/news/companies/jpmorgan-whale-arrest/index.html?iid=Lead
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