Home > Oct 2017 > Oct 11, 2017 Fed Minutes

Oct 11, 2017 Fed Minutes

October 11th, 2017

Shanghai Futures is still giving the Green Light to Copper leading into the Congress on Oct 18. The big Question, Can China be the first time that a Bubble doesn’t pop because an entire country is keeping the air in it? It didn’t work for Japan. But, maybe this time it’s different. Which reminds me, China should be selling their Sovereign Bonds soon (haven’t sold them since 2004), Investors are eager to buy China Debt and China is happy to give them the chance. EIA inventory numbers will be coming out on Thursday due to the holiday on Monday. Futures are flat in Europe Session.

Oct 2017

  • Trading_Nymph

    Australia is still seeing Chinese Buyers coming in without a slowdown. I saw this exchange in Comments in Australian Article about it, Comment Section of THE AUSTRALIAN..Karen 5 HOURS AGO
    More than 60% of the homes in my local neighbourhood are owned by overseas investors (Chinese predominantly checked by title searching) and 50% of these are empty or have been demolished and the land not used for new housing stock in over two years.

    Those that are building are building McMansions with no gardens and these are also left empty for years.

    Come on squatters you have a choice of McMansions to live in here! Eastern suburb of Melbourne, good high school nearby.

    FLAGSHARE2BrucePeterLIKEREPLY
    Avatar for Mark
    Mark 3 HOURS AGO
    @Karen In my neighbourhood, that rises to 97%, but all of them are being occupied. No one speaks English other than myself.There are no mcmansions, most of it is terraces, across the road are appartments, and next street houses. We all live like animals.

  • panther341

    Thursday evening – I see JPM and C both had big bearish engulfing candles today after earnings. you would laugh so hard if you knew what I spent a good part of the day doing!

  • panther341

    Your story below on Australia housing made me laugh when I saw this article on GS getting into lending to house flipper – in LA of all places. http://www.marketwatch.com/story/goldman-sachs-to-get-into-the-house-flipping-business-2017-10-12

  • panther341

    oil up strong Friday morning on “strong China imports” and Iran uncertainty. LOL http://www.marketwatch.com/story/oil-prices-surge-on-strong-chinese-crude-imports-and-iran-uncertainty-2017-10-13 OPEC out produced in September to no one’s real surprise.

  • panther341

    Monday, and I know TN had a big weekend planned.

    My weekend: LOL The realtor spent the last 3 weeks getting alot of work done to sell the house next door (where Roger lived until August – this was FAST moving!) and she had the open house yesterday. House not even on lock box yet but should be in MLS this week and the MLS open house might be Wednesday. So of course the nosy neighbors all had to go for a walk through.

    It was ACL (Austin City Limits) festival here this weekend so I mostly laid low and avoided crowded areas otherwise. Made some great chicken soup and alot of other little stuff.

  • panther341

    Monday: earnings this week get exciting. Headliners:

    Mon after the close NFLX

    Tuesday before the open: CSX, GS, JNJ, UNH
    Tuesday after the close IBM, LRCX
    Wed after the close UAL
    Thurs before the open VZ
    Thurs after the close SLB

  • panther341

    NFLX staying above 200 after earnings. Reed Hastings hasn’t screwed up a conference call recently. LOL But that is still to come. If NFLX stays strong, it will boost everything tomorrow.

  • Trading_Nymph

    Panther it is so hard for this Bear to see DOW hit all time highs..ouch.

  • Trading_Nymph

    Wow that was a Fast Move, Yep I had a Big weekend. I guess it’s starting to become Soup Season…grrrrr..lol, I so love the Summer.

  • Trading_Nymph

    New Show to come, lol, Flip or Flop GS style