26 Jan Iran ready to talk

now Iran says it is ready to talk, and crude ram through 100.
next week the Chinese is coming back from holidays, and mid of Feb, China next premier Xi Jin Ping is going to White House, a China rally is inevitable.

And Obama is going to give this Mr Xi a lecture on trade while on national TV. It is a election ploy and China is willing stepping into it, in the name of appeasing America.
When Obama wins the election, he is going to tighten the noose around China in the China sea. What has to come has to come.

In the academiac circle, it is expected that in 2018, China would surpass US as the world economic power. And by then, China would have its fleet of 5 to 10 aircraft carriers. It is also the timeframe, when China would take over Taiwan in some form.

So expecting a mild pullback in SPX and ram through 1330, 1340. This would last till end of Feb,  target 1400. Though the rally in China would be fast and furious, as one Baring Asset manager has spoken in HK today. A lot of Funds are positioned for this coming rally for SHCOMP to top out around 2500.

Everything is Hunky-Doory, with low rate till 2015, time to take up some cheap loans and invest for quick gains.

Merkel is giving hint of a Greece default. And IMF, ECB are preparing the firefall when the Credit Event takes place.  Hopefully it is just 15billions for JP Morgain. While Worldback is preparing 50billions for countries affected.
Rightfully without intervention, Gold should be around 2300 by now.

Apple has become a large part of S&P interms of capitalisation. S&P is not going to recede unless something dire happens to Apple. The tickerguy has stepped up his attack on Apple linking it to its main contractor Foxconn and its frequent incidents of workers suicide. (pretty sure, the workers lay curse on the IPADs, IPHONEs, so good luck if you buy one).

this Europe crisis is now degraded to a concert, or a farce. So nobody is really trading on it. Euro is keeping its steam, ready for 1.3300 and beyond.

It is cold and thick snow in Davos here.

Meanwhile in Asia, a Asian bank's brokerage had a breakdown in their trading system for the entire morning trading session,
http://www.channelnewsasia.com/stories/singaporelocalnews/view/1179138/1/.html

A lot of moms and pops lost their monies, not able to sell when the market starts to slam down.
In thin market, every cents count. The brokerage is not so generous to allow you to take profit on their warehoused deals.