Saturday, December 31, 2011
Friday, December 30, 2011
Thursday, December 29, 2011
Wednesday, December 28, 2011
Sunday, December 25, 2011
Friday, December 23, 2011
Thursday, December 22, 2011
Monday, December 19, 2011
Sunday, December 18, 2011
turn-around?
History Repeats Itself
There have been a number of market wrenching events over the last 15 years. All of them have been different, but the results were always the same: Every major crisis over the last 15 years has followed a strikingly similar (and profitable) pattern.
The Asian currency crisis in 1997 started off just like everything else. The markets were humming along... Then there’s the whiff of a large problem, which got progressively worse as investors figured out what was really going on. Investors sold in a panic as the problems appeared “systemic.” Then the central banks stepped in, papered over it...
All the extra cash floating around found a home somewhere and a new bubble or bull market is born.
The Russian debt crisis of 1998 followed a similar route. It was unexpected, posed systemic risks, and caused a lot of fear and aggressive selling.
The end result was the same: The coordinated central bank actions to prevent a global economic catastrophe simply papered over the problem.
These two events and the central banks’ aggressive responses laid the foundation for the dot-com bubble that followed. And when that bubble burst, it was no different
The downturn stemming from the dot-com bust sunk the markets. Central banks stepped in, slashed interest rates, and papered over any problems. The housing bubble and Dow 14,000 were the inevitable results.
The Euro crisis is shaping up to have similar ending.
And it means 2012 could be surprising strong. In fact, one indicator says the worst is likely behind us...
VIX Marks the Bottom
The CBOE Volatility Index, aka “the VIX” or the “Fear Index,” is one of the most useful market indicators ever devised.
Since it directly measures the market demand for “insurance” against a market crash, it directly tracks the levels of fear in a market.
The image below tracks the VIX over the last 15 years.
It shows how it has marked the bottom of each major crisis and when a major turnaround for stocks began:
As you can see, each spike in fear levels came precisely at times when stocks would take off.
Friday, December 16, 2011
Thursday, December 15, 2011
Tuesday, December 13, 2011
Sunday, December 11, 2011
Saturday, December 10, 2011
Friday, December 9, 2011
Thursday, December 8, 2011
Wednesday, December 7, 2011
Sunday, December 4, 2011
Saturday, December 3, 2011
The sanctions imposed on Iran
12/03/2011
The latest round of sanctions imposed on Iran. The tension further intensified on Wednesday when Britain ordered Iran to close its embassy in London.
And with this situation, things could get ugly — and fast.
The biggest concern isn't over disrupting Iran's oil production.
The country only pumped about 3.6 million barrels per day last month. Replacing that supply would make an already tight market tighter, but it could be done.
No, we're more worried about a tiny waterway roughly 34 miles wide...
Flowing between Iran and Oman is the Strait of Hormuz, which connects the Persian Gulf with the rest of the world.
It's the most critical choke point in the world, through which travel nearly 16 million barrels of oil on a daily basis — or roughly 17% of the world's oil supply (not to mention all the liquefied natural gas exports from Qatar).
Whether or not the threat of military action taking place is justified, it's enough for certain OPEC countries to look for alternate shipping routes.
And OPEC members aren't the only ones with cause for concern.
About 75% of crude exports shipped through the Strait of Hormuz have one destination in mind: Asian markets — including Japan, India, and China.
It's no wonder China is pumping billions of dollars into less risky oil-producing regions, especially considering China's oil demand is growing at a feverish pace.
The latest round of sanctions imposed on Iran. The tension further intensified on Wednesday when Britain ordered Iran to close its embassy in London.
And with this situation, things could get ugly — and fast.
The biggest concern isn't over disrupting Iran's oil production.
The country only pumped about 3.6 million barrels per day last month. Replacing that supply would make an already tight market tighter, but it could be done.
No, we're more worried about a tiny waterway roughly 34 miles wide...
Flowing between Iran and Oman is the Strait of Hormuz, which connects the Persian Gulf with the rest of the world.
It's the most critical choke point in the world, through which travel nearly 16 million barrels of oil on a daily basis — or roughly 17% of the world's oil supply (not to mention all the liquefied natural gas exports from Qatar).
Whether or not the threat of military action taking place is justified, it's enough for certain OPEC countries to look for alternate shipping routes.
And OPEC members aren't the only ones with cause for concern.
About 75% of crude exports shipped through the Strait of Hormuz have one destination in mind: Asian markets — including Japan, India, and China.
It's no wonder China is pumping billions of dollars into less risky oil-producing regions, especially considering China's oil demand is growing at a feverish pace.
Friday, December 2, 2011
Market Survey on 12/02/2011
Market Survey on 12/02/2011
Events:
Employment Situation (Released on 12/2/2011 8:30:00 AM For Nov, 2011)
Prior
Prior Revised
Consensus
Consensus Range
Actual
Nonfarm Payrolls - M/M change: 80,000 (Prior) < 120,000 (Prior revised); 131,000 (Consensus); 90,000 to 175,000 (consensus range); > 120,000 (actual);
Unemployment Rate – Level: 9.0 %(prior) = 9.0 % (consensus) ; 9.0 % to 9.1 % (actual) >8.6 % (actual)
Average Hourly Earnings - M/M change: 0.2 %(prior) < 0.3 % (prior revised); 0.2 % (consensus) 0.1 % to 0.2 % (range) > -0.1 % (actual)
Av Workweek - All Employees: 34.3 hrs(prior) = 34.3 hrs (consensus) ; 34.3 hrs to 34.4 hrs (range) =34.3 hrs (actual)
Private Payrolls - M/M change: 104,000 (prior) < 117,000 (prior revised) < 150,000 (consensus); 115,000 to 190,000 (range) > 140,000 (actual)
Nonfarm payrolls unchange from prior revised, and gain from prior 80000, but less than consensus.
Unemployment rate fall 0.4% from 9.0%. Hourly earnings reduced –0.1%, less than prior gain and expectation. Private payrolls gains 40,000, but 10,000 less than expectation.
Overall the actually data is improving from previous month, though the hourly earning falls which is actually good for economy, but cut the cost and improve the productivity. Though less than the expectation.
In the private sector, goods-producing jobs slipped 6,000 after a 4,000 decrease in October and 36,000 boost in September. Construction jobs fell 12,000 in October after decreasing 15,000 the month before. Manufacturing employment edged up 2,000 after a 6,000 rise in October. Mining increased 2,000, following a 6,000 rise the prior month.
Private service-providing jobs advanced 146,000 in November, following a 121,000 gain the prior month. The November increase was led by trade & transportation (up 58,000), professional & business services (up 33,000), leisure & hospitality (up 22,000), health care (up 12,000). The temp help subcomponent of professional & business services rose 22,000 after a 16,000 gain.
The public sector continued to decline as government employment decreased 20,000, following a 17,000 drop in October.
Wage growth has been volatile recently as average hourly earnings in November slipped 0.1 percent, following an upwardly revised 0.3 percent gain the month before. Analysts predicted a 0.2 percent increase for November. On average, wage growth has been growing but at an anemic pace. Given the upward revision to October, the November dip should not been so disconcerting. Still, the uptrend is modest. The average workweek for all workers in November was unchanged at 34.3 hours, matching the market median forecast.
From the household survey, the unemployment rate unexpectedly dropped to 8.6 percent from 9.0 percent in October. The consensus forecast called for 9.0 percent. The rate decline reflected a 594,000 fall in the number of unemployed and a 278,000 increase in household employment. Basically, the unemployment rate fell largely due to a decline in the participation rate although household employment growth recently continues to exceed payroll jobs growth by a notable degree.
Overall, the latest employment report is favorable for the recovery continuing to gain traction. On the news, equity futures edged down as expectations were slightly stronger for payroll data and the unemployment rate dip was discounted.
Market reaction:
The equity market pulled back today from high, this should be a just temporary pullback to discount the overexpected job market.
The Monster employment index fell four points in November to 147 to indicate a slowing in online recruitment. Mining shows a sharp decrease as does retail and arts & entertainment. The data are not seasonally adjusted.
Stocks
U.S. stocks finished mixed, with a slight loss for the Dow Jones Industrial Average and a slight gain for the Nasdaq Composite as gains stuck from earlier in the week prompted by central bank interventions to the euro crisis. A sharp drop in the U.S. unemployment rate was offset by slower than expected jobs growth.
Treasurys
Worries over the euro zone's sovereign debt crisis resurfaced on Friday, and the flight to safety pushed up Treasury bond prices for the first time this week. Treasurys initially sold off on some positive signals from the latest US non-farm jobs data, sending the benchmark 10-year yield to hit 2.167%, the highest level since the end of October. But fresh buyers quickly swooped in to scoop up bonds at cheaper levels, a move that continues to underscore that the uncertainty about the euro zone easily overrides improving US data that has diluted significantly the risk of a recession.
Forex
Renewed fears about Europe's debt crisis hit the euro Friday, squelching a rally touched off by constructive U.S. payrolls data. A
rumors of an imminent downgrade of Spain's sovereign credit rating swirled, analysts also cited a report on The Hill.com's website that Congressional Republicans would seek to block any U.S. funds from contributing to a potential infusion of cash into the euro zone by the International Monetary Fund.
The dollar ended firmer against the euro to end the week at $1.3400.
Gold ended little changed on the day at just under $1,750 with light crude up $1 to $101.
Next weeks talking points (via Scottrader news letter)
Consumer Sentiment, ISM Services, Trade Data Due
The Thomson Reuters/University of Michigan index of consumer sentiment for early December is scheduled to be reported Friday. The gauge of consumer sentiment reached 64.1 in the final reading for November from 60.9 in October.
After finding surprising growth in the manufacturing sector this week, the Institute for Supply Management will report the results of its services sector survey on Monday. The latest monthly ISM non-manufacturing purchasing managers index is expected by economists to show a reading of 53.5, which is an improvement on the prior month's reading of 52.9. Any number above 50 indicates most survey respondents believed their business was expanding.
The Commerce Department releases the October trade balance Thursday. The U.S. trade deficit shrank unexpectedly in September, fueled by record-level exports and a sharp drop in trade from the debt-beleaguered euro area.
European Leaders To Discuss Fiscal Integration
European Union leaders will meet Friday in Brussels to discuss euro-zone fiscal integration and potential plans to change European Union treaties.
"We are going to Brussels with the intention to change the EU treaty," German Chancellor Angela Merkel said in a speech Friday. "The goal is a fiscal union that enforces both fiscal discipline in its members and has the necessary instruments to effectively handle a crisis."
Merkel will meet with French President Nicolas Sarkozy on Monday to prepare a package of proposals to strengthen euro-zone stability rules that will include a proposal to change the European Union treaty to give European institutions intervention rights into national budgets as a way to contain the current debt crisis.
Geithner To Meet European Leaders
U.S. Treasury Secretary Timothy Geithner is set to meet with euro-zone leaders Tuesday through Thursday to discuss efforts to resolve the continent's debt crisis, the Treasury Department said Friday.
Geithner plans to meet with European Central Bank President Mario Draghi, Bundesbank President Jens Weidmann and German Finance Minister Wolfgang Schaeuble in Berlin on Tuesday. On Wednesday, Geithner will meet with Sarkozy and France's Finance Minister Francois Baroin and Spain's Prime Minister-elect Mariano Rajoy Brey. On Thursday, Geithner moves on to Milan for a meeting with Italy's President of the Council of Ministers and Minister of Economy and Finance Mario Monti.
Thursday, December 1, 2011
Market Survey on 12/01/2011
Pre-Market Survey on 12/01/2011
Today’s Events:
1. 8:30 am. Initial Claims increases against previous and expectation, avg also tick up. Continuing claims in data for the November 19 week rose 35,000 to 3.740 million which is the highest level in two months.
Released on 12/1/2011 8:30:00 AM For wk11/26, 2011
Prior Prior Revised Consensus Consensus Range Actual
New Claims - Level 393 K 396 K 391 K 385 K to 405 K 402 K
4-week Moving Average - Level 394.25 K 392.25 K 395.75 K
New Claims - Change 2 K 4 K 6 K
2. Manufacturing index rises. ISM new orders are turning higher in what is very good news for the manufacturing sector. The new orders index for November is up a very strong 4.3 points to 56.7, above 50 to indicate monthly growth and well above October. Details show acceleration for export orders and for production. Delivery times are little changed while input prices slipped for a second month. Backlog orders are going down which is a negative that will hopefully be offset by the rise in new orders. Another disappointment is employment where hiring slowed, here too a factor that will hopefully reverse. Inventory readings are stable.
Released on 12/1/2011 10:00:00 AM For Nov, 2011
Prior Consensus Consensus Range Actual
ISM Mfg Index - Level 50.8 51.5 50.5 to 52.5 52.7
3. Construction outlays rises.
Construction Spending
Released on 12/1/2011 10:00:00 AM For Oct, 2011
Prior Consensus Consensus Range Actual
Construction Spending - M/M change 0.2 % 0.3 % -0.4 % to 0.5 % 0.8 %
4. Manufacturing activity in China shrank in November for the first time in nearly three years, while output elsewhere in Asia also softened, raising questions about the region's ability to drive the global economy amid sluggish demand from the West.. "Weakening external demand, specifically the rapid deterioration in the euro-area growth outlook and its possible impact on global growth, is the biggest risk facing the Chinese economy," wrote analysts at Barclays Capital in a note to clients.
5. The euro zone's manufacturing sector contracted at a faster rate in November, with production and new orders falling at the strongest rate since the height of the credit crunch in 2009, a monthly survey by Markit showes.
6. Spain Auction Reassures As France Finishes 2011 Bond Issuance. The Spanish Treasury sells the maximum targeted EUR3.75 billion in three non-benchmark government bonds at an auction, but pays higher yields than at previous auctions.
7. ECB's Draghi Rules Out Unlimited Bond Buys
8. Germany supports European Union treaty changes and recognizes they would involve sacrificing some national sovereignty, but still opposes any form of euro-zone bonds, German Economy Minister Philipp Roesler says in a speech
9. Finance Ministers Agree To EU Debt Guarantees
EU finance ministers agreed to a plan for coordinated guarantees provided by national governments for longer-term debt issued by the region's banks, part of an effort to thaw the region's frozen wholesale lending market.
Market reactions:
Nikkei 8,602.47 +5.09 +0.06%
TOPIX 740.37 +0.36 +0.05%
Hang Seng 18,895.60 -106.68 -0.56%
S&P/ASX 200 4,251.50 +22.90 +0.54%
Shanghai 2,352.52 -34.34 -1.44%
Dow 12,020.00 -25.65 -0.21%
S&P 500 1,244.58 -2.38 -0.19%
Nasdaq 2,626.20 +5.86 +0.22%
S&P/TSX 12,113.30 -90.82 -0.74%
Mexico Bolsa 36,567.60 -261.52 -0.71%
Brazil Bovespa 58,143.40 +1268.44 +2.23%
Commodity:
Energy
PRICE* CHANGE % CHANGE TIME
BRENT CRUDE FUTR (USD/bbl.) 109.300 0.310 0.28% 22:51
GAS OIL FUT (ICE) (USD/MT) 945.000 6.750 0.72% 22:53
HEATING OIL FUTR (USd/gal.) 300.020 3.070 1.03% 22:51
NATURAL GAS FUTR (USD/MMBtu) 3.648 0.000 0.00% 22:44
GASOLINE RBOB FUT (USd/gal.) 260.970 5.180 2.03% 22:47
WTI CRUDE FUTURE (USD/bbl.) 100.060 -0.140 -0.14% 22:53
Agriculture
PRICE* CHANGE % CHANGE TIME
CANOLA FUTR (WCE) (CAD/MT) 500.000 0.100 0.02% 20:34
COCOA FUTURE - LI (GBP/MT) 1,460.000 -5.000 -0.34% 12/01
COCOA FUTURE (USD/MT) 2,287.000 -18.000 -0.78% 12/01
COFFEE 'C' FUTURE (USd/lb.) 235.700 -1.200 -0.51% 12/01
CORN FUTURE (USd/bu.) 602.250 0.750 0.12% 22:48
COTTON NO.2 FUTR (USd/lb.) 91.380 0.080 0.09% 22:46
FCOJ-A FUTURE (USd/lb.) 177.250 1.150 0.65% 12/01
WHEAT FUTURE(CBT) (USd/bu.) 616.750 2.500 0.41% 22:50
WHEAT FUTURE(KCB) (USd/bu.) 672.750 3.750 0.56% 22:40
SUGAR #11 (WORLD) (USd/lb.) 23.590 -0.100 -0.42% 12/01
SOYBEAN FUTURE (USd/bu.) 1,130.750 2.750 0.24% 22:50
LUMBER FUTURE (USD/1000 board feet) 222.400 2.800 1.28% 22:25
OAT FUTURE (USd/bu.) 318.500 -1.500 -0.47% 22:25
ROUGH RICE (CBOT) (USD/cwt) 14.815 0.040 0.27% 22:12
SOYBEAN MEAL FUTR (USD/T.) 288.900 -0.100 -0.03% 22:47
SOYBEAN OIL FUTR (USd/lb.) 49.710 0.010 0.02% 22:48
WOOL FUTURE (SFE) (cents/kg) 1,355.000 15.000 1.12% 12/01
Industrial Metals
PRICE* CHANGE % CHANGE TIME
COPPER FUTURE (USd/lb.) 353.950 0.550 0.16% 22:53
Precious Metals
PRICE* CHANGE % CHANGE TIME
GOLD 100 OZ FUTR (USD/t oz.) 1,745.100 5.300 0.30% 22:55
HKMEx GOLD (USD/t oz.) 1,746.100 -5.900 -0.34% 22:50
SILVER FUTURE (USD/t oz.) 32.780 0.021 0.06% 22:55
HKMEx SILVER (USD/t oz.) 33.520 0.000 0.00% 22:18
Livestock
PRICE* CHANGE % CHANGE TIME
LIVE CATTLE FUTR (USd/lb.) 124.500 0.775 0.63% 22:44
CATTLE FEEDER FUT (USd/lb.) 146.425 0.325 0.22% 22:14
LEAN HOGS FUTURE (USd/lb.) 90.400 0.125 0.14% 22:43
FOREX (http://www.dailyfx.com/technical_analysis/pivot_points/)
Candlestick Summary
Currency Last Formation Trend Bias
EUR/USD EVENING STAR bearish
USD/JPY
GBP/USD BEARISH ENGULFING bearish
AUD/USD INVERTED HAMMER bullish
USD/CAD HARAMI bearish
NZD/USD INVERTED HAMMER bullish
Today’s Events:
1. 8:30 am. Initial Claims increases against previous and expectation, avg also tick up. Continuing claims in data for the November 19 week rose 35,000 to 3.740 million which is the highest level in two months.
Released on 12/1/2011 8:30:00 AM For wk11/26, 2011
Prior Prior Revised Consensus Consensus Range Actual
New Claims - Level 393 K 396 K 391 K 385 K to 405 K 402 K
4-week Moving Average - Level 394.25 K 392.25 K 395.75 K
New Claims - Change 2 K 4 K 6 K
2. Manufacturing index rises. ISM new orders are turning higher in what is very good news for the manufacturing sector. The new orders index for November is up a very strong 4.3 points to 56.7, above 50 to indicate monthly growth and well above October. Details show acceleration for export orders and for production. Delivery times are little changed while input prices slipped for a second month. Backlog orders are going down which is a negative that will hopefully be offset by the rise in new orders. Another disappointment is employment where hiring slowed, here too a factor that will hopefully reverse. Inventory readings are stable.
Released on 12/1/2011 10:00:00 AM For Nov, 2011
Prior Consensus Consensus Range Actual
ISM Mfg Index - Level 50.8 51.5 50.5 to 52.5 52.7
3. Construction outlays rises.
Construction Spending
Released on 12/1/2011 10:00:00 AM For Oct, 2011
Prior Consensus Consensus Range Actual
Construction Spending - M/M change 0.2 % 0.3 % -0.4 % to 0.5 % 0.8 %
4. Manufacturing activity in China shrank in November for the first time in nearly three years, while output elsewhere in Asia also softened, raising questions about the region's ability to drive the global economy amid sluggish demand from the West.. "Weakening external demand, specifically the rapid deterioration in the euro-area growth outlook and its possible impact on global growth, is the biggest risk facing the Chinese economy," wrote analysts at Barclays Capital in a note to clients.
5. The euro zone's manufacturing sector contracted at a faster rate in November, with production and new orders falling at the strongest rate since the height of the credit crunch in 2009, a monthly survey by Markit showes.
6. Spain Auction Reassures As France Finishes 2011 Bond Issuance. The Spanish Treasury sells the maximum targeted EUR3.75 billion in three non-benchmark government bonds at an auction, but pays higher yields than at previous auctions.
7. ECB's Draghi Rules Out Unlimited Bond Buys
8. Germany supports European Union treaty changes and recognizes they would involve sacrificing some national sovereignty, but still opposes any form of euro-zone bonds, German Economy Minister Philipp Roesler says in a speech
9. Finance Ministers Agree To EU Debt Guarantees
EU finance ministers agreed to a plan for coordinated guarantees provided by national governments for longer-term debt issued by the region's banks, part of an effort to thaw the region's frozen wholesale lending market.
Market reactions:
Nikkei 8,602.47 +5.09 +0.06%
TOPIX 740.37 +0.36 +0.05%
Hang Seng 18,895.60 -106.68 -0.56%
S&P/ASX 200 4,251.50 +22.90 +0.54%
Shanghai 2,352.52 -34.34 -1.44%
Dow 12,020.00 -25.65 -0.21%
S&P 500 1,244.58 -2.38 -0.19%
Nasdaq 2,626.20 +5.86 +0.22%
S&P/TSX 12,113.30 -90.82 -0.74%
Mexico Bolsa 36,567.60 -261.52 -0.71%
Brazil Bovespa 58,143.40 +1268.44 +2.23%
Commodity:
Energy
PRICE* CHANGE % CHANGE TIME
BRENT CRUDE FUTR (USD/bbl.) 109.300 0.310 0.28% 22:51
GAS OIL FUT (ICE) (USD/MT) 945.000 6.750 0.72% 22:53
HEATING OIL FUTR (USd/gal.) 300.020 3.070 1.03% 22:51
NATURAL GAS FUTR (USD/MMBtu) 3.648 0.000 0.00% 22:44
GASOLINE RBOB FUT (USd/gal.) 260.970 5.180 2.03% 22:47
WTI CRUDE FUTURE (USD/bbl.) 100.060 -0.140 -0.14% 22:53
Agriculture
PRICE* CHANGE % CHANGE TIME
CANOLA FUTR (WCE) (CAD/MT) 500.000 0.100 0.02% 20:34
COCOA FUTURE - LI (GBP/MT) 1,460.000 -5.000 -0.34% 12/01
COCOA FUTURE (USD/MT) 2,287.000 -18.000 -0.78% 12/01
COFFEE 'C' FUTURE (USd/lb.) 235.700 -1.200 -0.51% 12/01
CORN FUTURE (USd/bu.) 602.250 0.750 0.12% 22:48
COTTON NO.2 FUTR (USd/lb.) 91.380 0.080 0.09% 22:46
FCOJ-A FUTURE (USd/lb.) 177.250 1.150 0.65% 12/01
WHEAT FUTURE(CBT) (USd/bu.) 616.750 2.500 0.41% 22:50
WHEAT FUTURE(KCB) (USd/bu.) 672.750 3.750 0.56% 22:40
SUGAR #11 (WORLD) (USd/lb.) 23.590 -0.100 -0.42% 12/01
SOYBEAN FUTURE (USd/bu.) 1,130.750 2.750 0.24% 22:50
LUMBER FUTURE (USD/1000 board feet) 222.400 2.800 1.28% 22:25
OAT FUTURE (USd/bu.) 318.500 -1.500 -0.47% 22:25
ROUGH RICE (CBOT) (USD/cwt) 14.815 0.040 0.27% 22:12
SOYBEAN MEAL FUTR (USD/T.) 288.900 -0.100 -0.03% 22:47
SOYBEAN OIL FUTR (USd/lb.) 49.710 0.010 0.02% 22:48
WOOL FUTURE (SFE) (cents/kg) 1,355.000 15.000 1.12% 12/01
Industrial Metals
PRICE* CHANGE % CHANGE TIME
COPPER FUTURE (USd/lb.) 353.950 0.550 0.16% 22:53
Precious Metals
PRICE* CHANGE % CHANGE TIME
GOLD 100 OZ FUTR (USD/t oz.) 1,745.100 5.300 0.30% 22:55
HKMEx GOLD (USD/t oz.) 1,746.100 -5.900 -0.34% 22:50
SILVER FUTURE (USD/t oz.) 32.780 0.021 0.06% 22:55
HKMEx SILVER (USD/t oz.) 33.520 0.000 0.00% 22:18
Livestock
PRICE* CHANGE % CHANGE TIME
LIVE CATTLE FUTR (USd/lb.) 124.500 0.775 0.63% 22:44
CATTLE FEEDER FUT (USd/lb.) 146.425 0.325 0.22% 22:14
LEAN HOGS FUTURE (USd/lb.) 90.400 0.125 0.14% 22:43
FOREX (http://www.dailyfx.com/technical_analysis/pivot_points/)
Candlestick Summary
Currency Last Formation Trend Bias
EUR/USD EVENING STAR bearish
USD/JPY
GBP/USD BEARISH ENGULFING bearish
AUD/USD INVERTED HAMMER bullish
USD/CAD HARAMI bearish
NZD/USD INVERTED HAMMER bullish
Wednesday, November 30, 2011
Market Survey on 11/30/2011
Market Survey on 11/30/2011
Significant events:
1. The central banks of the U.S., the euro region, Canada, the U.K., Japan and Switzerland agreed to cut the cost of providing dollar funding via swap arrangements, the Fed said, and agreed to make other currencies available as needed. The liquidity swap arrangements are intended to lower the cost of borrowing in U.S. dollars so as to support bailout efforts in Europe and elsewhere. The rate on these swap arrangements has been reduced from the U.S. dollar overnight index swap (OIS) rate plus 100 basis points to the OIS rate plus 50 basis points. (http://www.federalreserve.gov/monetarypolicy/bst_swapfaqs.htm#5631)
2. China, reduce the bank reserve ratio by 0.5% for the first time since 2008.
3. Low prices and low interest rates appear to be creating traction in the housing market with pending home sales the latest report to show strength. The pending home index, which is a measure of contract signings for sales of existing homes, jumped 10.4 percent in October to 93.3. The gain points to strength in final sales of existing homes for November and December though cancellations, tied to low appraisals that keep buyers from selling their own homes and to restrictions to credit access, have been cutting into the proportion of contracts that make it to closing.
4. ADP estimates private payrolls rose 206,000 in November vs a revised 130,000 rise in October
5. Layoff announcements are little changed this month at 42,474 vs 42,759 in October and 48,711 in November last year. Government has been a heavy sector for layoffs this year as it is once again this month, at more than 18,500 with 13,500 of the cuts hitting civilians in the Air Force. Food, retail, and computer round out the month's next three hardest hit sectors. Layoffs in the financial sector have been mild the past two months but the report warns that contagion tied to the European financial crisis is putting US jobs in this sector at risk. ADP will post its estimate for November private payrolls at 8:15 a.m. ET this morning.
Market reactions:
1. The S&P 500 advanced 4.3 percent to 1,245.99 at 4 p.m. The index rose 7.6 percent in three days. The biggest three-day rally since 2009
2. NQ vs. SP is down.
3. FV and US is down. FV vs. US is up.
4. Financial vs. Material is still down.
Tuesday, November 29, 2011
Market analysis
The overall market bounces up from 10 days fell, it is very possible to form a testing area to see how the policy makers to fight the Euro problem.
But the financial is differentiated from the rest of market, shows no sign of re-bounce and still in the downtrend mood. The fall of financial in past week seems lagging behind the overall market which was the consistent character for the past two years. We would wonder, if the bank system come down to the extremely low level. Or is it lower valued.
The consumer discretionary vs. energy and utility is the wealth distribution among the expenditure and the basic consumption. Obviously, since September 2011, the consumer discretionary consumption is lower comparing to the energy and unitility. This is caused by rising of energy price, and also, due to the reduced buying power since September 2011.
The conclusion is: The overall market will be consolidation for the next few days to check the policy makers’ decision, and the financial market is still in the down trend. The overall wealth redistribution between luxuery and basic material is balanced in the November 2011.
US bond price was keeping rising with 5 years treasury rise slower than the 30 years treasury. The ratio is now at the historical low comparable to Jan 2009. What does this mean?
For the commodity, GS and SLV is rising, and all other commodity is falling. But from the chart, it seems that the fell is after the broke the downtrend, and being part of the consolidation.
Monday, November 28, 2011
Wednesday, November 23, 2011
Connect the fact
The following are quoted from a newsletter from Wealthy Daily. It seems persuasive.
Tuesday, November 22, 2011
Monday, November 21, 2011
外媒总结15个最佳技术发明 将影响人类未来(组图)
北京时间11月19日消息，雅虎刊发文章称，科技日新月异，我们难以紧跟每一项最新和重大发明。伴随着每部新智能手机、每台新计算 机、每个新芯片的推出，很多目前推出的技术方明将成为明日的标准。随处可使用无线高速互联网？由于LTE网络的出现，我们距此又近了一步。自动驾驶汽车？ 谷歌正在研发。智能家用电器？Android@Home系统可帮助实现。
以下是雅虎总结的最佳技术方明，雅虎相信这些技术发明将成为未来的标准。
1、 微软Kinect微软Kinect于2010年上市发售
Kinect的出现标志着玩家首次在不需要使用任何控制器的情况下享受视频游戏。正如微软的宣传口号，用户乃是Kinect的控制器。Kinect不仅支持动作捕捉，还支持语音收入。
上榜理由：Kinect只是开始。你可以想象一下如果Kinect类似的技术成为电视或游戏机的标准将会发生什么。这将使得家中娱乐更加令人沉醉，控制器已成为过去式。
Could also be extended to interactive business. Kinect competes with the Wii Remote Plus and PlayStation Move with PlayStation Eye motion controllers for the Wii and PlayStation 3 home consoles, respectively. A version for Windows will be released in Early 2012. This windows version will be great expansion beyond the game to the business. This is advantage of Microsoft with respect to other sole game industry companies.
For more detailed desccription about Kinect The few lines from the link is quoted below.
2、 可弯曲触摸屏
上榜理由：听起来可弯曲触摸屏或应当是科幻小说中出现的名词，但这是真实的。事实上，三星已经宣布计划自2012年起在设备中使用可弯曲屏幕。
3、 如Siri式的语音控制助手将更加智能化
Siri并不属于真正意义上的人工智能，但已经接近于人工智能。截至目前，苹果推出的语音控制技术和人们所期待的智能化计算机助手最为接近。
上榜理由：Siri和其他类似应用只是开始，这些应用将逐渐完善。预计大多数个人装置未来将拥有和Siri类似的助手。
4、“云”
过去一年“云”频繁出现在人们的视线中。苹果甚至也将其新在线存储服务成为“iCloud”。但是什么是“云”？简单来看，其是将你的文档、相片、音乐等存储在一个远程服务器上，并可通过网络访问该服务器。目前，优秀的云存储服务如Dropbox和Box.net。
上榜理由：由于互联网连接速度越来越快，设备越来越轻售价越来越便宜，云存储成为存储相关文件的最佳途径。云存储还可以帮助你节省计算机、平板电脑或智能手机上的存储空间。
5、数据中心释放的热量为家庭取暖
由于云存储的发展，支持该服务的公司被迫打造大规模数据中心将所有数据纳入其中。苹果也打造了一个新的数据中心，Facebook也是一样，谷歌也已经建立几个数据中心。所有的数据中心释放大量热量。一些人已经提出利用这部分多余热量的方法，并利用其为家庭取暖。
上榜理由：数据中心难称环保，但是我们可以继续寻求将数据中心释放的多余热量加以有效利用的方法，创造更大效益。
6、面部识别技术
2011年年初当Facebook宣布将在照片标签服务中引入面部识别技术。智能手机也在引入面部识别技术。谷歌Android新版本冰淇淋三 明治（ICS）引入面部识别解锁功能。面部识别技术正被应用于各个领域，酒吧甚至也开始使用该技术。《纽约时报》报道称一个名为SceneTap的公司在 酒吧安装摄像头以对来客进行分析，判断来客年纪、性别。附近的人们可以打开SceneTap并进行分析，随后人们可以基于分析结果决定是否前往某家酒吧。
上榜理由：撇开隐私问题，脸部识别技术可能将目标营销带入新的发展阶段。面部识别技术将于不久的将来取得大发展。
7、谷歌自动驾驶汽车将提升道路安全性
谷歌因研发自动驾驶汽车而受到外界的称赞。尽管谷歌自动驾驶汽车原型车最近发生事故，谷歌并未放弃研发自动驾驶汽车计划，谷歌的人才们将继续致力于该项目。有传言称谷歌计划自己生产自动驾驶汽车。
上榜理由：一旦自动驾驶汽车变得更加完善，效益巨大。自动驾驶汽车可解决和醉驾、疲劳驾驶或驾驶员失误等相关的道路安全问题。
8、史上最先进的恒温控制器Nest
几周前Nest推出恒温控制器。Nest是一台智能装置，其可以根据用户的习惯调节用户家里的温度。
上榜理由：Nest的推出标志着数字家庭建设取得重要发展。如果所有的家用电器和Nest那样智能，不仅会令你的生活便利，还可以帮你节省用电。
Learn more from here on youtube
Definitely important, we definitely need to save energy.
9、谷歌计划借助Android将数字家庭变成现实
谷歌在今年举行的Google i/o开发者会议上推出Android@Home系统，该系统可以帮助控制家中所有家用电器、电灯和其他设备。谷歌尚未介绍Android@Home详细工作原理，但这听起来很震撼。
上榜理由：开关电灯？设定闹铃？设定喷水装置的工作时间？如果谷歌Android@Home可以实现上述功能，生活方式将大大改变。
10、谷歌千兆互联网
我们真希望住在堪萨斯城。谷歌已经选定堪萨斯城为其千兆互联网服务测试地。这意味着什么？这意味着未来互联网连接速度将比你现在所用的快100倍。
上榜理由：其他国家已经应用千兆互联网，但美国采取千兆互联网的速度较慢。堪萨斯城成为谷歌千兆互联网的测试地，在堪萨斯城测试的基础上，千兆互联网将推广至美国主要城市
11、Kogeto Dot
Kogeto Dot可以让你的iPhone 4或4S实现360度全景拍摄，为用户提供全新视频观赏体验。
上榜理由：和Kogeto Dot类似的技术可以推广至其他多个领域，如监督、MTV、艺术创作、法律诉讼甚至体育赛事中。
12、运行LTE网络的手机、平板电脑预示将来高速互联网随处可见
LTE（长期演进）是3G的演进，该无线技术可以使手机数据传输速度约和电脑一样快。美国大型运营商正在推广LTE网络覆盖率，因此LTE网络覆盖美国大部分城市只是时间问题。
上榜理由：目前，高速无线互联网普及率并不高。然而，由于LTE网络的普及，高速无线互联网未来几乎将随处可见。LTE网络并不是最佳解决方案，但其引领正确的无线技术潮流。
13、联网电视
如果你希望使用联网电视，有多个选择：Boxee、,AppleTV、Roku，以及三星和索尼等推出的Smart TV。Smart TV允许用户享受Netflix、Hulu、Amazon Instant、YouTube等的流媒体视频服务。
上榜理由：由于Smart TV的出现，我们距离实现可通过网络在任何时候，观看任何想看的东西的愿望越来越近。当然，Smart TV还将面临内容提供商和有限公司的挑战，但发展趋势难以逆转。
14、裸眼3D屏幕
裸眼3D已经出现，但是价格昂贵。然而，一些移动装置已经使用该技术，如任天堂3DS游戏系统和HTC EVO 3D。遗憾的是，裸眼3D让人有些眩晕，并不完美。
上榜理由：3D娱乐广受欢迎，3D电影就是最好的证明。但带眼睛看3D视频令人不舒服。新一代裸眼3D设备并不完美，但是发展方向正确。
15、固态硬盘
如果你拥有Macbook Air或其他Ultrabook，你会发现和其他笔记本电脑相比Ultrabook速度提升。这是因为固态硬盘的存在，固态硬盘采用闪存作为存储介质，读取速度相对传统硬盘更快。
目前，固态硬盘的缺陷是价格昂贵，容量小。
上榜理由：一旦固态硬盘售价降低，其将取代传统硬盘，令我们的计算机变得更快。
From 6park.com
以下是雅虎总结的最佳技术方明，雅虎相信这些技术发明将成为未来的标准。
1、 微软Kinect微软Kinect于2010年上市发售
Kinect的出现标志着玩家首次在不需要使用任何控制器的情况下享受视频游戏。正如微软的宣传口号，用户乃是Kinect的控制器。Kinect不仅支持动作捕捉，还支持语音收入。
上榜理由：Kinect只是开始。你可以想象一下如果Kinect类似的技术成为电视或游戏机的标准将会发生什么。这将使得家中娱乐更加令人沉醉，控制器已成为过去式。
Could also be extended to interactive business. Kinect competes with the Wii Remote Plus and PlayStation Move with PlayStation Eye motion controllers for the Wii and PlayStation 3 home consoles, respectively. A version for Windows will be released in Early 2012. This windows version will be great expansion beyond the game to the business. This is advantage of Microsoft with respect to other sole game industry companies.
For more detailed desccription about Kinect The few lines from the link is quoted below.
After selling a total of 8 million units in its first 60 days, the Kinect holds the Guinness World Record of being the "fastest selling consumer electronics device".[19][20][21] 10 million units of the Kinect sensor have been shipped as of March 9, 2011.[1]
Microsoft released a non-commercial Kinect software development kit for Windows on June 16, 2011, with a commercial version following at a later date.[22][23][24] This SDK will allow .Net developers to write Kinecting apps in C++/CLI, C#, or Visual Basic .NET
Kinect is based on software technology developed internally by Rare, a subsidiary of Microsoft Game Studios owned by Microsoft, and on range camera technology by Israeli developer PrimeSense
2、 可弯曲触摸屏
上榜理由：听起来可弯曲触摸屏或应当是科幻小说中出现的名词，但这是真实的。事实上，三星已经宣布计划自2012年起在设备中使用可弯曲屏幕。
3、 如Siri式的语音控制助手将更加智能化
Siri并不属于真正意义上的人工智能，但已经接近于人工智能。截至目前，苹果推出的语音控制技术和人们所期待的智能化计算机助手最为接近。
上榜理由：Siri和其他类似应用只是开始，这些应用将逐渐完善。预计大多数个人装置未来将拥有和Siri类似的助手。
4、“云”
过去一年“云”频繁出现在人们的视线中。苹果甚至也将其新在线存储服务成为“iCloud”。但是什么是“云”？简单来看，其是将你的文档、相片、音乐等存储在一个远程服务器上，并可通过网络访问该服务器。目前，优秀的云存储服务如Dropbox和Box.net。
上榜理由：由于互联网连接速度越来越快，设备越来越轻售价越来越便宜，云存储成为存储相关文件的最佳途径。云存储还可以帮助你节省计算机、平板电脑或智能手机上的存储空间。
5、数据中心释放的热量为家庭取暖
由于云存储的发展，支持该服务的公司被迫打造大规模数据中心将所有数据纳入其中。苹果也打造了一个新的数据中心，Facebook也是一样，谷歌也已经建立几个数据中心。所有的数据中心释放大量热量。一些人已经提出利用这部分多余热量的方法，并利用其为家庭取暖。
上榜理由：数据中心难称环保，但是我们可以继续寻求将数据中心释放的多余热量加以有效利用的方法，创造更大效益。
6、面部识别技术
2011年年初当Facebook宣布将在照片标签服务中引入面部识别技术。智能手机也在引入面部识别技术。谷歌Android新版本冰淇淋三 明治（ICS）引入面部识别解锁功能。面部识别技术正被应用于各个领域，酒吧甚至也开始使用该技术。《纽约时报》报道称一个名为SceneTap的公司在 酒吧安装摄像头以对来客进行分析，判断来客年纪、性别。附近的人们可以打开SceneTap并进行分析，随后人们可以基于分析结果决定是否前往某家酒吧。
上榜理由：撇开隐私问题，脸部识别技术可能将目标营销带入新的发展阶段。面部识别技术将于不久的将来取得大发展。
7、谷歌自动驾驶汽车将提升道路安全性
谷歌因研发自动驾驶汽车而受到外界的称赞。尽管谷歌自动驾驶汽车原型车最近发生事故，谷歌并未放弃研发自动驾驶汽车计划，谷歌的人才们将继续致力于该项目。有传言称谷歌计划自己生产自动驾驶汽车。
上榜理由：一旦自动驾驶汽车变得更加完善，效益巨大。自动驾驶汽车可解决和醉驾、疲劳驾驶或驾驶员失误等相关的道路安全问题。
8、史上最先进的恒温控制器Nest
几周前Nest推出恒温控制器。Nest是一台智能装置，其可以根据用户的习惯调节用户家里的温度。
上榜理由：Nest的推出标志着数字家庭建设取得重要发展。如果所有的家用电器和Nest那样智能，不仅会令你的生活便利，还可以帮你节省用电。
Learn more from here on youtube
Definitely important, we definitely need to save energy.
9、谷歌计划借助Android将数字家庭变成现实
谷歌在今年举行的Google i/o开发者会议上推出Android@Home系统，该系统可以帮助控制家中所有家用电器、电灯和其他设备。谷歌尚未介绍Android@Home详细工作原理，但这听起来很震撼。
上榜理由：开关电灯？设定闹铃？设定喷水装置的工作时间？如果谷歌Android@Home可以实现上述功能，生活方式将大大改变。
10、谷歌千兆互联网
我们真希望住在堪萨斯城。谷歌已经选定堪萨斯城为其千兆互联网服务测试地。这意味着什么？这意味着未来互联网连接速度将比你现在所用的快100倍。
上榜理由：其他国家已经应用千兆互联网，但美国采取千兆互联网的速度较慢。堪萨斯城成为谷歌千兆互联网的测试地，在堪萨斯城测试的基础上，千兆互联网将推广至美国主要城市
11、Kogeto Dot
Kogeto Dot可以让你的iPhone 4或4S实现360度全景拍摄，为用户提供全新视频观赏体验。
上榜理由：和Kogeto Dot类似的技术可以推广至其他多个领域，如监督、MTV、艺术创作、法律诉讼甚至体育赛事中。
12、运行LTE网络的手机、平板电脑预示将来高速互联网随处可见
LTE（长期演进）是3G的演进，该无线技术可以使手机数据传输速度约和电脑一样快。美国大型运营商正在推广LTE网络覆盖率，因此LTE网络覆盖美国大部分城市只是时间问题。
上榜理由：目前，高速无线互联网普及率并不高。然而，由于LTE网络的普及，高速无线互联网未来几乎将随处可见。LTE网络并不是最佳解决方案，但其引领正确的无线技术潮流。
13、联网电视
如果你希望使用联网电视，有多个选择：Boxee、,AppleTV、Roku，以及三星和索尼等推出的Smart TV。Smart TV允许用户享受Netflix、Hulu、Amazon Instant、YouTube等的流媒体视频服务。
上榜理由：由于Smart TV的出现，我们距离实现可通过网络在任何时候，观看任何想看的东西的愿望越来越近。当然，Smart TV还将面临内容提供商和有限公司的挑战，但发展趋势难以逆转。
14、裸眼3D屏幕
裸眼3D已经出现，但是价格昂贵。然而，一些移动装置已经使用该技术，如任天堂3DS游戏系统和HTC EVO 3D。遗憾的是，裸眼3D让人有些眩晕，并不完美。
上榜理由：3D娱乐广受欢迎，3D电影就是最好的证明。但带眼睛看3D视频令人不舒服。新一代裸眼3D设备并不完美，但是发展方向正确。
15、固态硬盘
如果你拥有Macbook Air或其他Ultrabook，你会发现和其他笔记本电脑相比Ultrabook速度提升。这是因为固态硬盘的存在，固态硬盘采用闪存作为存储介质，读取速度相对传统硬盘更快。
目前，固态硬盘的缺陷是价格昂贵，容量小。
上榜理由：一旦固态硬盘售价降低，其将取代传统硬盘，令我们的计算机变得更快。
From 6park.com
Sunday, November 20, 2011
AT&T的数据速度最快，Verizon通话最稳定，而Sprint吸引点是提供无限时服务
北京时间11月20日消息，据国外媒体报道，目前美国用户可以通过三家运营商（AT&T、Verizon和Sprint）使用 iPhone 4S，如何选择运营商成为美国iPhone用户需要考虑的问题。除了价格，用户看重的主要一点可能是运营商所能够提供的服务质量。不过，刚刚公布的一项研究报告或许能够有助于用户解决自己的选择问题。该研究报告的结论是，AT&T的数据速度最快，Verizon通话最稳定，而Sprint吸引点是提供无限时服务。 www.6park.com
移动设备性能分析公司Metrico Wireless实施了这项研究，为了测试网络性能，该公司打了6000个语音电话，进行了8000次数据下载/上传测试（行走和静止两种状态都进行了测试），下载了21000个网页。测试发现，Verizon通话时间掉线率为2.1%，AT&T为2.8%，而Sprint为3.7%。三家运营商这个比例均高于行业平均水平，整个行业通话时间平均掉线率为1.4%。尽管Sprint掉线率最高，但其上行链路（网外呼叫）的通话质量最高，而 AT&T下行链路（网内呼叫）的通话质量最高。 www.6park.com
关于最高数据传输速度，AT&T以6,047Kbps排列第一，Verizon以2,371Kbps位列第二，而Sprint以1,767Kbps排最后。不过，尚不清楚的是Metrico是在哪里测试的数据宽带。 www.6park.com
苹果iPhone一开始由AT&T独家在美国代理销售，Verizon于今年1月份开始在美国代理销售iPhone 4。在iPhone 4S推出之前，就有传闻称美国另一家移动运营商Sprint将在美国代理销售该产品，最后这一传闻获得证实。在这三家运营商中，Sprint是唯一的提供真正的不限时数据计划的服务供应商。 www.6park.com
Metrico这项研究得出的结论，符合Verizon一开始提供iPhone 4时媒体的报道。当时媒体报道称，AT&T的下载速度最快，而Verizon的覆盖率更大。Metrico从测试中得出的另一重要结论是，iPhone 4S在三家网络中执行数据传输时都很稳定。也就是说，iPhone 4S所有时间都能完成网页负载、静止下载和静止上传。这和Metrico在今年3月份实施的研究中所发现的结论形成鲜明对照，当时发现iPhone 4S静止时Verizon网络的下载成功率最高，而iPhone 4S移动时AT&T的下载率最高。 www.6park.com
综上所述可以得出的结论是，如果用户重视数据下载速度，应当去选择AT&T；如果首先考虑的是通话质量，选择对象当然是Verizon；如果不关心速度而希望使用许多数据量，那就毫不犹豫地去接受Sprint吧。
cited from 6park.com
移动设备性能分析公司Metrico Wireless实施了这项研究，为了测试网络性能，该公司打了6000个语音电话，进行了8000次数据下载/上传测试（行走和静止两种状态都进行了测试），下载了21000个网页。测试发现，Verizon通话时间掉线率为2.1%，AT&T为2.8%，而Sprint为3.7%。三家运营商这个比例均高于行业平均水平，整个行业通话时间平均掉线率为1.4%。尽管Sprint掉线率最高，但其上行链路（网外呼叫）的通话质量最高，而 AT&T下行链路（网内呼叫）的通话质量最高。 www.6park.com
关于最高数据传输速度，AT&T以6,047Kbps排列第一，Verizon以2,371Kbps位列第二，而Sprint以1,767Kbps排最后。不过，尚不清楚的是Metrico是在哪里测试的数据宽带。 www.6park.com
苹果iPhone一开始由AT&T独家在美国代理销售，Verizon于今年1月份开始在美国代理销售iPhone 4。在iPhone 4S推出之前，就有传闻称美国另一家移动运营商Sprint将在美国代理销售该产品，最后这一传闻获得证实。在这三家运营商中，Sprint是唯一的提供真正的不限时数据计划的服务供应商。 www.6park.com
Metrico这项研究得出的结论，符合Verizon一开始提供iPhone 4时媒体的报道。当时媒体报道称，AT&T的下载速度最快，而Verizon的覆盖率更大。Metrico从测试中得出的另一重要结论是，iPhone 4S在三家网络中执行数据传输时都很稳定。也就是说，iPhone 4S所有时间都能完成网页负载、静止下载和静止上传。这和Metrico在今年3月份实施的研究中所发现的结论形成鲜明对照，当时发现iPhone 4S静止时Verizon网络的下载成功率最高，而iPhone 4S移动时AT&T的下载率最高。 www.6park.com
综上所述可以得出的结论是，如果用户重视数据下载速度，应当去选择AT&T；如果首先考虑的是通话质量，选择对象当然是Verizon；如果不关心速度而希望使用许多数据量，那就毫不犹豫地去接受Sprint吧。
cited from 6park.com
全球最轻固态物料 金属管壁较头发丝细千倍(图)
据香港《文汇报》20日报道，科学家研发出一种由极幼细空心金属管以斜纹织成、号称全球最轻的固态物料，金属管壁较头发幼细千倍，能置于蒲公英上而不会破坏其种子(见图)。
物料由加州大学及其它实验室连手研制，之所以轻，是源自其格子设计；它当中99.99%是空气，每立方厘米只有0.9毫克重量，较此前全球最轻、每立方厘米重1毫克的硅胶更轻，而且较发泡胶轻100倍，并有极佳的能量吸收特质，相信将来能应用于保温、电池电极、减震、消音和减少撞击力。
from 6park.com
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