De Beursvloer #28: Beurzen duiken in het rood

quote:

AMSTERDAM (Dow Jones)--De AEX zal een hogere bodem neerzetten in het huidige consolidatieproces zolang de index de 'gap' die het maandag 8 december sloeg niet vult, aldus technisch analist Roelof-Jan van den Akker van ING Wholesale Banking. De 'gap' ligt tussen de 241,88 en 239,20 punten. De AEX bevindt zich in het langdurig consolidatieproces sinds de index een hogere bodem gevormd heeft rond 230 punten. "Indien de AEX weer een hogere bodem neerzet verwacht ik dat de AEX ook het 50-daags voortschrijdend gemiddelde van 259 punten 'uitneemt'. Voor de lange termijn bevindt de AEX zich overigens nog steeds in een bear market", aldus Van den Akker. De AEX heeft eerste horizontale steun liggen op 243 punten. De analist verwacht dat de AEX niet de top van de zone die begrensd wordt door de voormalige steunlijn van 275 punten en de laatste top van 4 november van 290 punten zal doorbreken. "Daarvoor is het opwaarts potentieel voor de korte termijn te beperkt", aldus Van den Akker. Van den Akker ziet bij elk slot onder de 230 een verslechtering van het technisch beeld, waarmee een hervatting van de dalende trend wordt gesuggereerd. De AEX noteert vrijdag rond 9.05 uur 5,2% lager op 241,69 punten. (ANS)

quote:

Op vrijdag 12 december 2008 09:21 schreef ItaloDancer het volgende:

[..]

-4,7%

Het is wel de fucking Eurostoxx

quote:

Op vrijdag 12 december 2008 09:27 schreef Lemans24 het volgende:

[..]

De koersen dalen flink en er wordt gepraat over een op handen zijnde stijging... We zullen zien, maar blijkbaar moet je voorzichtig zijn met shorts kopen, zolang we nog niet in 'the gap' belanden (tussen de 241,88 en 239,20)

quote:

Op vrijdag 12 december 2008 10:45 schreef PietjePuk007 het volgende:
De Euro Stoxx 50 [D] staat 44% in de min . (zie header Binck Trader)

Is dat deze ?
http://nl.wikipedia.org/wiki/Dow_Jones_Euro_Stoxx_50

Een Europese index die 40% in de min staat, ondanks alle autobedrijven, kan toch haast niet .

quote:

Op vrijdag 12 december 2008 10:45 schreef PietjePuk007 het volgende:
De Euro Stoxx 50 [D] staat 44% in de min . (zie header Binck Trader)

Is dat deze ?
http://nl.wikipedia.org/wiki/Dow_Jones_Euro_Stoxx_50

Een Europese index die 40% in de min staat, ondanks alle autobedrijven, kan toch haast niet .

quote:

Op vrijdag 12 december 2008 10:37 schreef PietjePuk007 het volgende:
Op rtlz hebben ze 't al over "the usual suspects" als 't om de sterkste dalers / stijgers gaat . AM, Fortis, Aegon etc .

quote:

Op vrijdag 12 december 2008 11:00 schreef pberends het volgende:
Europese beurzen kleuren bloedrood
12-12-2008 09:42:19

Brussel (tijd) - De Europese beurzen zijn met stevige verliescijfers geopend. Het reddingsplan voor de Amerikaanse autosector is niet door de Senaat geraakt en dat zorgt voor een golf van pessimisme.

Zonder bijkomende middelen stevenen General Motors en Chrysler immers op een faillissement af. Dat kan miljoenen jobs kosten en de recessie nog veel dieper maken. De republikeinen koppelden de goedkeuring van het plan aan een loonvermindering, maar daar wilden de vakbonden niet van weten.



Ahhhhhhh, slim die vakbonden.

quote:

Op vrijdag 12 december 2008 11:02 schreef pberends het volgende:
Lijkt opzich mee te vallen, september 1,8% min op maandbasis, maar oktober slechts -1,2%. Dan zou je denken dat het ergste voorbij is.

quote:

Op vrijdag 12 december 2008 11:01 schreef rvlaak_werk het volgende:
dat roepen ze al een behoorlijke tijd... Is Willem er vandaag?

quote:

Op vrijdag 12 december 2008 11:01 schreef pberends het volgende:
12-12-2008 11:00:00 Eurozone industriele productie okt -1,2% (maand)
12-12-2008 11:00:00 Eurozone industriele prod okt verwachting was -1,0% (maand)
12-12-2008 11:00:00 Eurozone industriele prod sept bijgesteld naar -1,8% (maand)
12-12-2008 11:00:00 Eurozone industriele productie okt -5,3% (jaar)
12-12-2008 11:00:00 Eurozone industriele prod okt verwachting was -3,6% (jaar)
12-12-2008 11:00:00 Eurozone industriele prod sept bijgesteld naar -2,7% (jaar)

quote:

Op vrijdag 12 december 2008 11:01 schreef rvlaak_werk het volgende:

[..]

dat roepen ze al een behoorlijke tijd... Is Willem er vandaag?

quote:

Op vrijdag 12 december 2008 11:06 schreef pberends het volgende:

[..]

Nee, die is er alleen als de beurs meer dan 7% zakt.

Denk dat ie paar weken vakantie heeft.

quote:

Madoff Charged in $50 Billion Fraud at Advisory Firm (Update3)
Dec. 11 (Bloomberg) -- Bernard Madoff, founder and president of a New York firm that invested funds for wealthy individuals, hedge funds and other institutions, was charged with operating what he told employees was a long-running $50 billion Ponzi scheme in what may be one of the largest frauds in history.

Madoff, 70, head of Bernard L. Madoff Investment Securities LLC, was arrested today at 8:30 a.m. by the FBI and appeared before U.S. Magistrate Judge Douglas Eaton in Manhattan federal court. Charged in a criminal complaint with a single count of securities fraud, he was released on $10 million bond guaranteed by his wife and secured by his apartment. Madoff, wearing a white-striped shirt, dark-colored pants and no tie, looked down as he left the courtroom with his wife, declining to comment.

“It’s all just one big lie,” Madoff told his employees on Dec. 10, according to the government. The firm, Madoff allegedly said to them, is “basically, a giant Ponzi scheme.”

Madoff faces as much as 20 years in prison and a $5 million fine if convicted. His New York-based firm was the 23rd largest market maker on Nasdaq in October, handling a daily average of about 50 million shares a day, exchange data show. It specialized in handling orders from online brokers in some of the largest U.S. companies, including General Electric Co. and Citigroup Inc.

‘One of The Pioneers’

“He’s one of the pioneers of modern Wall Street,” said James Angel, an associate business professor at Georgetown University in Washington. Madoff’s firm was among the first to automate market-making, in which a dealer continually buys and sells stock. The company was among the largest to offer “payment for order flow,” or paying to handle customer orders.

“The exchanges didn’t like the practice and questioned whether customers got the best price,” Angel said.

Madoff was also sued today by the U.S. Securities and Exchange Commission.

“Bernard Madoff is a longstanding leader in the financial services industry,” said defense lawyer Dan Horwitz. “We will fight to get through this unfortunate set of events. He’s a person of integrity.”

Fix Asset Management in New York, which had at least $400 million with Madoff, said it was checking with its lawyers regarding its holdings.

“We are very shocked,” John Fix, the son of founder Charles Fix, said by telephone from Greece. “We put in redemptions in the past few months and got our money back no problem. We are just so surprised about all this.”

‘Accelerating Their Redemptions’

Thomas Ajamie, a securities lawyer in Houston who won a $429 million arbitration award against Paine Webber Group in 2001, speculated that Madoff “couldn’t keep the Ponzi scheme going because investors were accelerating their redemptions.”

New York-based Fairfield Greenwich Group runs the $7.3 billion Fairfield Sentry Ltd., a fund that invested in Madoff. Andrew Ludwig, a spokesman for Fairfield, declined to immediately comment.

The SEC in its complaint, also filed in Manhattan federal court, accused Madoff of a “multi-billion dollar Ponzi scheme that he perpetrated on advisory clients of his firm.”

The agency said it’s seeking emergency relief for investors, including an asset freeze and the appointment of a receiver for the firm. Ira Sorkin, another defense lawyer for Madoff, couldn’t be immediately reached for comment.

Advisory Business

Madoff ran his investment advisory business from a separate floor of his firm’s office, keeping financial statements “under lock and key,” prosecutors said. Early in December, he told one employee that clients wanted to redeem about $7 billion and that he was struggling to free up the funds, the government said. After he told another staff member Dec. 9 that he wanted to pay annual bonuses before the year’s end, two months early, a pair of senior employees asked to speak with him, prosecutors said.

They had noticed he had been suffering from a “great deal of stress” and wanted to know what was happening, the U.S. said. When one of them challenged his explanations, Madoff invited them to his Manhattan apartment, saying he “wasn’t sure he would be able to hold it together” if they continued talking at the office, the government said.

While meeting the pair at his home yesterday, Madoff conceded that he was “finished,” that his advisory business is “all just one big lie” and “basically, a giant Ponzi scheme,” the government said. The business had been insolvent for years with losses of about $50 billion, he told the employees, according to the criminal and SEC complaints.

Madoff said he had about $200 million to $300 million left and planned to distribute money to select employees, family and friends before surrendering to authorities in about a week, the government said.

Confessed to FBI

Madoff allegedly confessed to FBI agent Theodore Cacioppi on Dec. 11, saying there was “no innocent explanation,” the SEC said in its complaint. Madoff said it was his fault and he had “paid investors with money that wasn’t there.” He also said he was “insolvent” and he expected to go to jail, it said.

The Madoff firm had about $17.1 billion in assets under management as of Nov. 17, according to NASD records. At least 50 percent of its clients were hedge funds, and others included banks and wealthy individuals, according to the records.

Madoff started his firm in 1960 with $5,000 of savings and took advantage of securities-law changes in the 1970s designed to spur competition in U.S. stock markets, according to a profile posted on the Web site Finance Tech.

75 Percent Owner

Madoff, who owned more than 75 percent of his firm, and his brother Peter are the only two individuals listed on regulatory records as “direct owners and executive officers.”

Peter Madoff was a board member of the St. Louis brokerage firm A.G. Edwards Inc. from 2001 through last year, when it was sold to Wachovia Corp.

Bernard Madoff served as vice chairman of the National Association of Securities Dealers, a member of its board of governors, and chairman of its New York region, according to the SEC Web site. He was also a member of Nasdaq Stock Market’s board of governors and its executive committee and served as chairman of its trading committee.

He was chief of the Securities Industry Association’s trading committee in the 1990s and earlier this decade, where he represented brokerage firms in discussions with regulators about new stock-market rules as electronic-trading systems and networks gained prominence.

He was an early advocate for electronic trading, participating in roundtable discussions at the SEC as regulators weighed trading stocks in penny increments. His firm was among the first to make markets in New York Stock Exchange listed stocks outside of the Big Board, relying instead on Nasdaq.

‘Third Market Makers’

“These guys were one of the original, if not the original, third market makers,” said Joseph Saluzzi, the co-head of equity trading at Themis Trading LLC in Chatham, New Jersey. “They had a great business and they were good with their clients. They were around for a long time. He’s a well-respected guy in the industry.”

At 6:30 p.m., security guards at the front desk of the lipstick-shaped building on Third Avenue in midtown Manhattan housing Madoff’s office were turning people away. Ganesh Sewpershad, a messenger with Speeddox, said he had been trying to deliver mail for 20 minutes and was told to return tomorrow.

Madoff’s Web site advertises the “high ethical standards” of his firm.

“In an era of faceless organizations owned by other equally faceless organizations, Bernard L. Madoff Investment Securities LLC harks back to an earlier era in the financial world: The owner’s name is on the door,” according to the Web site. “Clients know that Bernard Madoff has a personal interest in maintaining the unblemished record of value, fair-dealing, and high ethical standards that has always been the firm’s hallmark.”

quote:

Op vrijdag 12 december 2008 11:20 schreef PietjePuk007 het volgende:

[..]

quote:

Op vrijdag 12 december 2008 12:13 schreef Lemans24 het volgende:
Plux, heb je inmiddels shorts aangeschaft? Dan heb je je verlies van gisteren al ruim goedgemaakt, lijkt me!

quote:

Op vrijdag 12 december 2008 12:17 schreef Plux het volgende:

[..]

Idd, uur geleden TS259 op 2,49. Want ik zie de AEX morgenochtend nóg lager openen, en dan verkoop ik ze. M'n totale verliezen maak ik allang niet meer goed. Zolang ik ze weet beperken, ben ik al blij. .

quote:

Op vrijdag 12 december 2008 12:37 schreef Llotyhy het volgende:
- VS, detailhandelsverkopen, november, 14.30 uur
- VS, producentenprijzen, november, 14.30 uur

Die gaan misschien nog wel zorgen voor een extra minnetje...

quote:

Op vrijdag 12 december 2008 11:02 schreef rvlaak_werk het volgende:

[..]

Tja, dat was, zoals Maxima al eens zei, een beetje dom.

quote:

vr 12 dec 2008, 10:10
JPMorgan waarschuwt voor slecht vierde kwartaal

NEW YORK (AFN) - De Amerikaanse bank JPMorgan Chase heeft donderdagnacht gewaarschuwd voor tegenvallende resultaten in het vierde kwartaal. “We hebben twee verschrikkelijke maanden achter de rug”, aldus bestuursvoorzitter Jamie Dimon. “Het wordt een moeilijk kwartaal.”

Dimon zei ook dat de problemen op de Amerikaanse huizenmarkt, de oorsprong van de kredietcrisis, nog altijd niet achter de rug zijn. Hij verwacht dat de huizenprijzen op korte termijn met nog eens 20 procent kunnen dalen.

Dimon houdt er rekening mee dat JPMorgan verdere afschrijvingen moet doen als de recessie heviger uitpakt dan verwacht. Volgens de topman maakt de bank zich op voor allerhande scenario’s. “Als we geluk hebben, zien we het eerste herstel in de markten over een half jaar.”

quote:

Op vrijdag 12 december 2008 13:19 schreef pberends het volgende:

[..]

Nog eens 20% eraf. AEX naar de 175 komende maanden.

quote:

Op vrijdag 12 december 2008 13:29 schreef Lemans24 het volgende:

[..]

Of zelfs 150.
Zodra dat soort koersen worden bereikt, ga ik maar eens gespreid in aandelen beleggen. En dan reken ik toch op een rendement van minimaal 100% (ex-dividend) binnen twee jaar...