Hello traders!

I hope you all have a great holiday weekend!

A big thanks, as always, to Supermum and our regular contributors like Kyoto who
keep this whole idea rolling.

Biggest thanks of all to David "Croc" Anderson, who kicked the thing off all those
years ago. Sad that we lost Croc five years ago this weekend, but he'd be pleased
to know that the work he put in on our behalf was not in vain.

Cheers mate!

G.

I HAVE A SHARE FOR TOMORROW

PHTM 14.75p
Reason: Share bouncing from 200 days MA with volume last Friday after retracement. Ex - CEO have increased stake to 22% and 2 weeks ago got back to the board. Shareholders equity was 24p on last statement and gearing reduce to 33% from 57%.

Good morning traders!

In Asia today, the Nikkei was recently down 48.5 points at 9,298.5, while the Hang
Seng ended the morning up 19.91 points at 17,141.73.

Crude oil traded at $60.92 a barrel on Nymex.

Happy ttrading!

G.

Morning all. Friday's market reports:

Telegraph
The Times
The Times (Need to know)
FT
The Guardian
The Independent
This is Money

Saturday

The dollar slid to a five-month low against major currencies on growing fears America's Triple-A credit status could come also be threatened if the US fails to address its budget deficit.
Dollar under pressure as fears grow over America's AAA rating

Commenting the day after ratings agency Standard & Poors put Britain's AAA rating under official review, Angel Gurr, secretary-general of the OECD said "a rating cut of the United Kingdom would be inexplicable."
OECD defends UK's AAA credit rating status

One of the world's most influential economists warns today that Britain faces the prospect of two recessions in quick succession. Robert Shiller, Professor of Economics at Yale University, said that the recent stock market bounce should be treated with caution.
Professor Robert Shiller warns Britain may suffer a double recession

ONS confirms GDP fell 1.9% in the first three months of the year, with only government spending continuing to grow.
Consumer spending falls at fastest rate since 1980

Goldman Sachs has tempered expectations of an imminent recovery in the UK housing market by forecasting a further 10pc fall in prices.
Housing market 'still has 10pc to fall'

Sunday

The Bank of England risks raising interest rates too early and bringing any future economic recovery to a halt, David Blanchflower has warned.
Blanchflower warns Bank of England against raising rates too quickly

TREASURY OFFICIALS say further action will be taken to bring down Britains public borrowing, set to hit a record 12.4% of gross domestic product 175 billion this year.
Pledge to fight UK debt

"This is the next stage of the global crisis." Simon Johnson, former chief economist of the International Monetary Fund (IMF), is hardly renowned for hyperbole, so his description of the events of the past week, including Standard & Poor's warning over Britain's creditworthiness, is difficult to ignore.
S&Ps warning to Britain marks the next stage of this global crisis

Cheaper crude has delivered the world's oil-importers not least the major Western economies an annualised windfall saving of $1,600bn (1,000bn). That's more than all the heralded fiscal stimulus packages announced by the US, UK and eurozone for both this year and next. The current situation is bad, but how bad would it be if Western firms and consumers faced rocketing energy prices?
Western world is faced with the crude reality of rising oil prices

China has doubled its bullion reserves and left us in no doubt that it will spend more of its $40bn monthly surplus on hard assets rather than the toxic paper of Western democracies.
Gold bugs at last have their perfect trinity

Monday

China has warned a top member of the US Federal Reserve that it is increasingly disturbed by the Fed's direct purchase of US Treasury bonds.
China warns Federal Reserve over 'printing money'

China is still buying record amounts of US government bonds, despite Beijings growing fear that US policies could lead to a collapse in the dollar and global inflation.
China stuck in dollar trap

The US Treasury is facing an ordeal by fire this week as it tries to sell $100bn (62bn) of bonds to a deeply sceptical market amid growing fears of a sovereign bond crisis in the Anglo-Saxon world.
US bonds sale faces market resistance

The average UK household was 3 a week better off in April than it was in the same month last year, according to Asda's monthly Income Tracker. This means that the typical household had 166 a week of discretionary income, a 1.8pc increase compared to last April.
Household incomes rise thanks to drop in interest rates

Although the economy remains deep in the worst recession in 75 years, further evidence emerges today that somebusiness confidence is returning - usually a reliable indicator of an eventual recovery, if not necessarily an especially vigorous one.
Business confidence is returning, poll suggests

Australias securities regulator lifted its eight-month ban on covered short selling of financial stocks on Monday, bringing the country in line with other markets that had already lifted their temporary bans on the practice.
Australia lifts short-selling ban

A tax on currency transactions, a levy on mobile phone calls and a global lottery will be looked at by a high-level international task force this week in an attempt to raise $45bn (28bn) to improve health systems in the world's poorest countries.
Proposed tax on forex trades to raise $50bn aid

Tuesday

The world economy has avoided "utter catastrophe" and industrialised countries could register growth this year, Nobel Prize-winning economist Paul Krugman said on Monday. "I will not be surprised to see world trade stabilise, world industrial production stabilise and start to grow two months from now," Krugman told a seminar.
World economy stabilising says Krugman

Germany's financial regulator BaFin has warned that the toxic debts of the country's banks will blow up "like a grenade" unless they take advantage of the government's bad bank plans to prepare for the next phase of the crisis.
German debts set to blow 'like a grenade'

Citi's trio of analysts Michael Saunders, Jgen Michels and Giada Giani are calling for the bust in several European Union (EU) nations on the basis of a departure by prices from the fundamentals that have driven them over the last 15 years. They foresee price drops of 10%-15% by 2010 and 20% - 30% over the next 4 to 5 years.
Euro house price collapse coming...

Saudi Arabia warned today that the world could be facing another oil shock, with prices back above the record highs of almost $150 a barrel within two to three years.
Saudis warn of huge rise in oil prices

NIKKEI 225	AUSTRALIA ASX200	SHANGHAI	HANG SENG

KOSPI	VIX	GOLD	NYMEX CRUDE

CTR RBS: initiated buy
CW. Credit Suisse: downgraded to underperform from neutral, tp cut to 135 from 160
EMG UBS: reiterated sell, tp raised to 195 from 165
EXPN Morgan Stanley: reiterated overweight, tp raised to 560 from 490
HGI Morgan Stanley: reiterated overweight, tp cut to 105 from 115
NWG BofA: downgraded to underperform
PNN BofA: downgraded to underperform
REX Goldman: upgraded to buy from neutral

Midday Market Overview

anyone think we are heading for a fall back below 4000 & 8000 FTSE and Dow respectively next month?

My selection PHTM is doing well now 16.75 / 17p +2.50p

End-of-day Market Overview

Good call Master RSI! Well done on Photo-Me. :)