gary coleman, page-15

Hey sally,

just moving desks, but am doing the final subject in my masters of applied finance next year. Did really well in the first two componants of the current subject so quite relaxed I will pass this one. Will also do my CA next year to see both sides of the equation. Really think it is imperative for the world economy for base metals and oil to slip in the short term to give the economy a kick start. Anywhos despite breaking my promise to myself already three times, I will be starting my new postition after lunch and need to give it my full attention. So no more day trading for me. Happy hunting.

Japanese Stocks Slip as Higher Commodities Prices Boost Costs
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By Patrick Rial

Dec. 11 (Bloomberg) -- Japanese stocks fell, headed for the first drop in four days, as a climb in raw materials prices dimmed the earnings prospects of tiremakers and airlines.

Bridgestone Corp., the world’s largest tiremaker by sales, fell 2.5 percent after Russia signaled it may coordinate an output cut with OPEC next week to end the five-month, $100 slump in prices. Toyota Motor Corp. lost 0.7 percent on concerns it may be forced to lower its dividend and as Senate Republicans yesterday voiced opposition to a rescue for General Motors Corp. and Chrysler LLC. Mitsui O.S.K. Lines Ltd. led shippers higher as freight costs climbed for a third day.

“Oil prices are being supported by bets that OPEC will be able to halt the market rout,” Juichi Wako, a Tokyo-based strategist at Nomura Securities Co., said in an interview with Bloomberg Television. “The direction of the auto bailout has become harder to read. This problem will continue to determine the bearing of the stock market.”

The Nikkei 225 Stock Average lost 77.39, or 0.9 percent, to 8,582.85 as of 9:09 a.m. in Tokyo. The broader Topix index dropped 4.98, or 0.6 percent, to 829.57.

Energy Minister Sergei Shmatko said Russia will announce proposals for reducing production by Dec. 17, when the Organization of Petroleum Exporting Countries meets, Interfax reported. The group, source of more than 40 percent of the world’s oil, may trim output by as much as 2.5 million barrels a day, next week, billionaire hedge-fund manager Boone Pickens said Dec. 9.