FKLI - Is Cyprus Really That Bullish To Our Market ?- 4/2/2013

 

The market opened last Monday with a shock and awe 30.5 points gain which went through the middle and top band in one go. My stop at the middle band was taken out. The price also pushed all the indicators back into positive territory at the same time. So I bought again the next day when price went above the signal day high. My stop is now place below the top band minus 1/2 points.

The ADX remains flat at 19's so I remains cautious on this trade as it may be another one of those flash in the pan trade. Once the Stochastic reaches into the overbought zone, I would advocate taking some profit whenever possible.

The weekly chart is beginning to turn more bullish biased as the Stochastic is positive and rising. The MACD and DMI have just turned positive. This means all the 3 indicators are in agreement. The only item here that is not encouraging is the ADX , as it is falling again. If I am trading the weekly chart, I would buy if price can go above this week's high of 1679.

The monthly chart remains listless as the MACD stays negative while the Stochastic is also negative but it remains above the 80's zone. The DMI is positive but the ADX is pretty dead at 12's. Price managed to close above the top band again. So we do not a clear picture here except to take note of a bearish divergence here.

If I am to talk about some fundamental logics here, then I would say I have turned extremely bearish on the latest EU-Cyprus episode. In my opinion, the Germans dominating EU socialists have just open the hell gate by legally robbing the people of their bank savings. I think the panic will soon spread to other EU banks and their money will be taken out and fly to the Americans'. So what is so bullish about the Malaysian market that FKLI is rallying again ????? If the government continue to waste our hard earned money as political giveaways and white elephants and other misadventures, I am afraid we may see what is happening in Cyprus and Greece happening here in my lifetime (I am 57 years old).  Some friends ask me:- could it the market insiders know Najib will win big in the coming election and started buying the market ? Of course I have no answer to that, but my thinking remains that as long the multiple bearish divergences stay intact in the chart, I really doubt Najib can win big.

大谈特谈“中国梦” - 尴尬的“猪投江效应”

 

尴 尬的“猪投江效应”

 

上周，中国吸引了全世界的目光，但原因却 令人尴尬。这个全世界人口最多的国家和潜在的未来超级大国，刚刚任命了新的国家主席和国务院总理。不过，如果你问全世界普通电视观众 “中国上周发生了什么事情”，他们会告诉你那里的江面漂满了死猪。

或许，这些普通电视观众这样回答是有道理的。上海在中国的地位相当于纽约在美国，这样一个城市的水源河上漂着一万头死猪，确实比习 近平发表就职演说更吸引观众眼球——这不仅是因为大多数观众肤浅而没有头脑，还因为这些死猪从政治角度而言其实非常重要。
人 们从上海黄浦江江面上和江岸边拉走死猪。这些开始腐烂的死猪，折射出现代中国生活中一种显而易见的耻辱：受污染的水，变质的食品，以 及无法指望会就任何此 类问题讲真话的政府官员。在“死猪”事件中，上海市政府坚称，供水水质没有受到影响，死猪也不是病猪（除了检验样品中有一头死猪“状 况不佳”，检出猪圆环 病毒病原阳性）。他们说的没准真是实情。但在上海，相信这些话的人，差不多就跟纽约布朗克斯(Bronx)能写出“李克强”汉语拼音 拼写的人一样少。
所 以说，你当然可以大谈特谈“中国梦”（如习主席上周所做的那样），但中国网民对中国人现阶段的“幸福生活”却有着自己的看法，他们嘲 讽地写道：“在北京， 打开窗户就能抽免费烟；在上海，打开水龙头就能喝免费肉汤。”这个段子在上周的“两会”期间疯狂传播，因为对北京的空气污染和上海的 “死猪舰队”感到困惑 的绝不仅仅是西方。中国老百姓认为，一个有五千年历史、外汇储备超过3万亿美元的国家，理应有能力在关乎民生的事情上做得更好一点： 比如，让民众吃到放心 猪肉，喝到没有泡过无数死猪的水。

但 具有讽刺意味的是，死猪事件背后故事的积极因素可能大过消极因素。今年“死猪舰队”格外庞大的原因之一在于，死猪的来源地浙江省最近 采取了措施阻止农户向 不法商贩出售病死猪。这些不法商贩收购病死猪，是为了将死猪肉做成饺子馅。因为没地方埋（浙江农户的农地出了名的狭小），也没有丧尽 天良的商贩来收购，这 些“痛失爱猪”的农户别无选择，只能将死猪倒进为上海市2300万居民提供饮水的黄浦江。这样处理或许有欠考虑，但我宁愿看到病死猪 漂在江面上，也不愿看 到它们出现在我装饺子的碗里。

当然，“死猪舰队”还可能产生其他出人意料的结果，比如提振新兴的“绿色”猪肉产业。习近平希望民众扩大国内消费。还有什么比这更 好的方法，能把普通消费者吓得纷纷投入有机农户的怀抱？有机农户承诺，至少他们的猪在屠宰之前是活的。
任 何有经济能力的人，现在都会开始寻找更安全的猪肉源。他们很可能最终会来到上海澳华菜市场。在这里，新近毕业的大学生孙夏已决定把自 己的事业建立在切猪肉 的砧板、而不是写字台上。她放弃了白领工作、选择系起围裙作个卖猪肉的，家里人都不太赞成。孙夏说：“他们常向我抱怨，说你是个大学 毕业生，怎么能最后去 卖猪肉呢？”她还说，父亲告诉她，卖猪肉可以，但别跟别人提这个。
不过，孙夏可不是普通的肉贩，她是为“壹号土猪”这个品牌工作的。这个品 牌对猪肉实行从猪圈到餐桌的纵向一体化质量监控，标榜自己的猪是在无公害的环境中“快乐生长”。因此，这个品牌的猪肉价格也比一般品 牌高出30%至 40%。壹号土猪上海区经理郝承兵一边向我挥舞一根猪尾巴，一边说道：“你看，我们的猪的尾巴比一般猪要长，因为它们很多时候都在外 面跑来跑去，而不是关 在圈里养大的。”孙夏觉得，比起像父母期望的那样当白领，她在壹号土猪的职业前景要更加光明。壹号土猪的一半肉贩都是大学毕业生。
如以前的美国梦一样，中国梦的要旨也在于，每个孩子都能比父母挣得多——无论他们选择以何种方式来挣。但只有在一个江里不漂死猪、 天空中没有雾霾的世界里，这样的梦想才能实现。习近平或许可以考虑先创造一个这样的世界，而将有机猪肉贩们的梦想留给未来几代人去实 现。

IT'S OFFICIAL: Banks In Europe May Now Seize Deposits To Cover Their Gambling Losses


As expected, Cyprus and the EU reached a new late-night bailout deal last night that will reduce the chance that Cyprus's financial system and economy will completely implode.
The new deal is better than the last deal in one key respect:
    Deposits under 100,000 euros will be protected
That's very important. Those deposits were ostensibly "insured." To seize them, the way the last bailout deal would have, would have been grossly unfair and would have set a truly alarming precedent.
Now, small depositors in European banks can breathe more easily. At least in this case of gross malpractice on the part of reckless bank managers, their life savings have been preserved.
Alas, the good news ends there.
Although deposits under 100,000 euros will be spared, deposits over 100,000 euros will be seized and subjected to an as-yet undetermined haircut--with the confiscated money going to bail out the gambling losses of the aforementioned reckless idiots who run some of Cyprus's banks.
This seizure, needless to say, will dampen the enthusiasm of rich depositors for keeping money in banks that get themselves into financial trouble.
And because many, many banks in Europe have gotten themselves into financial trouble, this will create a general state of unease among rich depositors throughout the Eurozone.
And it should wig out some bank lenders, as well.
After all, never before in the history of this global financial crisis has a major banking system allowed depositors to lose money, no matter how reckless and stupid and greedy their bank managers have been. And only rarely have bank lenders--those who hold bank bonds--been asked to pony up.
In this case, however, the depositors will lose money. Perhaps a lot of money. And if there had been big bank debtholders in Cyprus, they probably would have been socked with losses, too.
It's possible that everyone will just laugh off Cyprus, viewing it as an exceptional one-off. After all, the Cyprus banking system was notorious for being the offshore money-laundering arm of many Russian oligarchs, so many folks will likely view this asset seizure as a case of "just desserts."
But this optimistic view of the Cyprus horrorshow overlooks one key fact:
The main reason that Cyprus depositors will lose their cash is because it has become politically difficult (impossible?) for leaders in Germany and other rich European countries to bail out their brethren in the "periphery" without taking many pounds of flesh.
And it is that precedent, in addition to the fate of big depositors in Cyprus, that should spook Europe's big bank depositors and lenders.
If Germany is done bailing out countries and banks without having those countries and banks cover some of the cost, it's not clear why Germany will relent next time Spain, Italy, Greece, and other countries in near-desperately bad financial shape come rushing to the EU with their hands out.
Unlike Cyprus, the banking systems in these countries do have bondholders that can get haircut before the depositors get haircut, but the effect will be the same.
For the first time since the collapse of Lehman Brothers, those who lend their money to banks or keep their money in banks are at risk.
Because the neighborhood loan shark (Germany) is now extracting much more onerous terms.
That's a sobering precedent.
And it will likely cause many people to wonder and worry about where their money is.

法媒世界报：中共与非洲的蜜月行将结束

中国与非洲的蜜月已近尾声，正值中国新任国家主席习近平前往非洲访问之际，世界报在地理政治专版中用整版篇幅报道中国与非洲关系现状与未来趋 势，指出，非洲越来越多的国家正在担心他们的合作伙伴中国是否是一个新殖民主义者国家。

该文的题目开门见山说，中国与非洲，蜜月行将结束。该篇报道由署名为布功与埃尔维尤联合发自约翰内斯堡，从分析习近平访问非洲的政治意义着 眼，谈及中国在非洲的重量级影响，以及中国在非洲经济关系发展惊人速度，和非洲开始警惕中国变成这个大陆的新殖民主义者。

根据世界报该篇文章的分析，习近平刚刚从胡锦涛手中接过国家主席这一职位之后，第一次出访紧接在俄罗斯首站之后就来到非洲，显示了中国新领导 人继续重视与非洲关系的外交政策。中国与非洲虽然有几十年的交往，但现在与非洲的关系更多带有经济开发的谋求，与早年毛泽东的中国追求非洲政 治支持，来抵抗蒋介石苏联与欧美西方不同，中国得以驱赶蒋介石的代表而恢复在联合国的地位，正是由于有了非洲的支持。中国一直注重发展与非洲 的友好关系，但从1970年代末中国开始经济改革以后，中国就在非洲有了经济诉求。

中国与非洲的关系战略，由3个方面同步发展，即外交，援建开发与投资，非洲国家难以抵御中国的诱惑。中国在2006年成功于北京召开中非峰 会，请来非洲所有国家的首脑，标志着中国与非洲关系进入一个新的阶段。根据中国2006年第一次发表的双边关系白皮书，中国制定了与非洲建立 政治互信，合作双赢的新型战略合作伙伴关系。

世界报文章分析说，中国前往非洲，提出政治上平等，不干涉非洲国家内政，给予援助与资助不带任何先决条件，这与西方国家要求非洲民之透明执政 的合作要求与条件相比更有吸引力。

中国并不是空谈合作，而是有经济援助手段做强有力推动。中国从2009年就成为非洲投资的主要提供国家，到2012年底，中国投资非洲的金额 达到153亿美元。中国大力帮助非洲建设基础设施，从中国全部包揽赠送非洲统一组织总部20多层楼高的豪华大厦，可以看见中国的大手笔。中国 的援助，不带政治要求，迎合了许多非洲国家的亲睐。

作为回报，非洲接受中国派遣的多达800多家各种规模与行业的国有企业前往非洲开发，并让中国购买大量的原料和初产品。中国并不掩饰对经济发 展所需的能源与矿藏的兴趣，而且中国涉足非洲并不局限于安全得到保证的国家，而是在即使频发战乱的国家也有中国人的经营开发。如今至少有一百 万中国人在非洲各国。中国在非洲开发多为矿山开采与基建工程。中国同时成为非洲最大的贸易伙伴，但接受的中国产品多为价格低廉的商品，从纺织 品到小电器等生活用品，中国与非洲的贸易发展迅速，2000年双边贸易额为一百亿美元，到2012年时已经成为2000亿美元。中国仅在 2009年和2010年还向非洲提议1100多亿美元的贷款。

西方对中国在非洲的开发提出警告与批评，美国也试图重新接近非洲。非洲国家批评西方严厉要求民主治国，但却拒绝投资非洲的基础建设，导致中国 轻易挺进非洲市场。中国也反驳美国的批评，说与其空洞批评不如拿出具体的帮助。

世界报说，非洲对中国的渗透与开发开始有了不满，与中国利益投资也产生越来越多的冲突。非洲的不满集中在几个方面，一是对中国在非洲的开 发，雇佣非洲人根本不顾劳动条件与工作权利不满，在不少国家都发生了罢工抗议，甚至针对中国企业经营者的暴力事件。非洲国家还对中国低廉 贸易品摧毁当地经济与就业不满。中国对非洲越来越多的债权和越来越多的能源矿藏的需求，让非洲不舒服，产生警惕，而一些非洲国家领导人开 始与中国认真讨论合作关系，表达对中国成为非洲新殖民者的担心，以避免重蹈与西方旧殖民者的覆辙。一些非洲国家也正在考虑转向其他也向来 非洲开发的发展中大国比如巴西与印度。

世界报文章说，非洲舆论对非洲国家政府屈服中国的资金诱惑提出不少批评，形成压力，典型的事例，就是2011年南非政府被指控屈服于中国 的压力而拖延不办理诺贝尔和平奖得主达赖喇嘛受邀到南非参加图图大主教倡议的诺贝尔和平奖得主国际和平会议的签证申请，导致达赖喇嘛取消 行程。

Motown's Deke Richards Dies at 68

Photo courtesy of Universal Music Enterprises

Deke Richards flanked by fellow Corporation songwriters Alphonzo Mizell, left, and Freddie Perren.

As part of "The Corporation," he wrote hits for The Jackson 5, Diana Ross & The Supremes and Martha Reeves & The Vandellas.

Deke Richards, a member of famed Motown songwriting, arranging and producing teams behind such hits as The Jackson 5’s “I Want You Back” and Diana Ross & The Supremes' “Love Child,” has died. He was 68.

Richards, whose real name was Dennis Lussier, died Sunday at a hospice in Bellingham, Wash., after a battle with esophageal cancer, Universal Music Enterprises reported.
As leader of “The Corporation,” which also included Berry Gordy, Alphonzo Mizell and Freddie Perren, Richards wrote and produced many hits for The Jackson 5, including their first three singles, all of which hit No. 1 in 1970: “I Want You Back,” from the album Diana Ross Presents The Jackson 5; “ABC,” which knocked The Beatles’ “Let It Be” out of the top spot; and “The Love You Save."
Earlier, as a member of “The Clan,” another hitmaking arm at Motown, Richards (with R. Dean Taylor, Frank Wilson and Pam Sawyer) wrote as their first song “Love Child” for Diana Ross & The Supremes. Released in September 1968, the song -- which tackled the controversial topic of illegitimate children -- eventually replaced The Beatles’ long-reigning “Hey Jude” at the top of the Billboard Hot 100.
Richards’ résumé also includes “Mama’s Pearl,” “Maybe Tomorrow” and “Goin’ Back to Indiana” from The Jackson 5; Ross’ solo single “I’m Still Waiting”; and songs for Bobby Darin, Martha Reeves & The Vandellas, Bonnie Bramlett and Ginette Reno.
Richards’ love of music kept him involved with a variety of projects throughout his life, including the production of The Jackson 5’s Come and Get It: The Rare Pearls, a 2012 release that featured rare and unreleased tracks.
His final project was the mixing of eight unreleased tracks by Martha Reeves & The Vandellas for the box set 50th Anniversary: The Singles 1962-1972, to be released April 5.
A Los Angeles native, Richards played in a band that backed singer Debbie Dean, one of only a few white artists at Motown. He wrote a song for Dean, and the two met with Motown founder Gordy when The Supremes came to play the Hollywood Palace in 1966. Richards landed a producer-writer contract on the spot.
When Brian Holland, Lamont Dozier and Eddie Holland -- the writer-producers of dozens of Top 10 hits for The Supremes, The Four Tops and many others -- exited Motown in a dispute over royalties, Richards and rest of The Clan stepped in to produce "Love Child."
Richards’ father Dane Lussier was a Hollywood screenwriter (Dick Tracy vs. Cueball, The Pilgrim Lady, The Lady Wants Mink) who instilled a love of movies that inspired him to collect film memorabilia. He created PosterPalace.com, a vintage movie poster business.
Survivors include his wife of 26 years, Joan; his brother Dane; and nephews Chris and Cory.
A private family celebration is planned. In lieu of flowers, the family asks that people visit the HAL Awards site and help to sponsor a musical education.

How To Watch "The Walking Dead" TV Series

The Walking Dead's Merle Dixon Demonstrated The Finer Points Of Gunfight Tactics

By now news of Merle Dixon's death on the show The Walking Dead has hit the entertainment air waves.

Surely he will be missed.

Lacking, however, in the coverage is a breakdown of just how Merle died: saturated in whiskey, blasting rock and roll, in a totally awesome shoot-out.

It's the shoot-out in particular that has the attention of this post. (Prior to the breakdown though, we should note that Merle literally had a knife-hand — which undoubtedly puts him in a special place for any Marine.)

Okay, here's the breakdown:

Distraction and diversion: Merle uses American rock and roll to attract the attention of several zombies to an old Cadillac. Then driving, and dragging this horde behind him, he ditches his still-rolling vehicle as it enters the enemy position.

Flanking: Merle then dodges into an abandoned building that's off to the flank of the enemy. When the group of bad guys steps up to take out the zombies, Merle is in the perfect place to engage.

One shot, one kill: This is no time to go all Rambo, Merle is outnumbered and outgunned. So instead of wildly shooting at groups of people, he picks a target, lines up the shot, and squeezes the trigger.

Auditory cover: As Merle shoots the baddies, he lines up his rifle reports to coincide with the sounds of the enemy's own gunfire. This way, Merle can drop a fair amount of them before they catch on that they're being picked off.

Now, we all know that in the end, Merle eats it (literally as well, his brother later finds him zombified and chewing on a carcass), but everyone knows that in the Zombie Apocalypse it's not if you die, it's just how many zombies and bad guys you can take before you go.

In that regard, Merle will likely remain top dog for a while.

 

Kyoto Treaty Signatory Thinks - " Fuck. The World Owes Us."

The Time has Arrived for China to Take Responsibility for the Environment

This is another fine mess China got herself into.  On March 16, 2013, Huffington Post reported in “Dead Pig Count In China’s Waters Near Shanghai Spikes”:
“The number of dead pigs retrieved from waters in and near China’s financial hub of Shanghai has reached 12,566.”
“Authorities in Shanghai plucked 611 dead pig carcasses Saturday from Huangpu river, which provides drinking water to the city’s 23 million residents. In total, 8,965 dead pigs have been found in the river since March 8.”
“Jiaxing — where small hog farms are prevalent — had recovered 3,601 dead pigs from its streams, according to state media.”
“….. there has been no major swine epidemic, but (authorities) said some (water) samples tested positive for the common porcine circovirus and the epidemic diarrhea virus.”
To find out what the Chinese people are thinking, the link to this article was sent to a friend in China. The reply added a new flavor to the situation.


”I’ve read all the news about the dead pigs. It’s so shocking. Till now, the total member of dead pigs is nearly 10,000. When pigs die of diseases, their keepers often dump the carcasses into the river. That’s a big environment problem nowadays. Insufficient laws, insufficient administration and loss of honesty are the main reasons, I guess. Some netizen said: Life is happy in Shanghai. We simply turn on the faucet and oops, here comes fresh pork soup. Though the authorities have assured that tap water is safe, locals still worried about water contamination. It’s difficult to trust authorities nowadays.”
This report comes days after reports of sudden dust storms engulfing entire cities in China, see “Is there a Breath of Fresh Air in China Today?” Add this to the “the scariest environmental fact in the world, that China is now burning almost as much coal as the rest of the world — combined, see following chart.
And despite impressive support from Beijing for renewable energy and a dawning understanding about the dangers of air pollution, coal use in China is poised to continue rising, if slower than it has in recent years. That’s deadly for the Chinese people — see the truly horrific air pollution in Beijing this past month — and it’s dangerous for the rest of the world. Coal already accounts for 20% of global greenhouse-gas emissions, making it one of the biggest causes of man-made climate change. Combine that with the direct damage that air pollution from coal combustion does to human health, and there’s a reason why some have called coal the enemy of the human race.”
Source: U.S. Energy Information Administration (EIA):


This is not to say China is totally in the dark when it comes to environmental stewardship. China’s investment in clean energy grew from $US 660 million in 2002 to $US 65.1 billion last year. Yet, China’s policy to saturate the market with low cost and sometimes low quality solar modules is starting to backfire at home. It was announced today that Chinese solar producer Suntech, one of the world’s biggest solar panel manufacturers, was forced into a bankruptcy court, becoming the latest casualty of a painful slump in the global solar industry.
In closing, China can no longer hide behind a vale of a developing country and assume responsibility for its impact on its people and our planet. Time is fading and the fix gets tougher. The question is whether China has the interest and the resolve to change its status from – Smog, Slob and Snob.