market summary friday Dec 5

1. bhp vs all ords over 3 months bhp has only started beating the asx after the rio bid failed.
2. all ordinaries index shows weekly progress. market is closing closer to daily low than high which indicates further negative sentiment and falls in short term
3. bloomburg TED spread (measure of how hard it is for businesses to get finance)
4. yahoo finance VIX index (measure of volatility and fear)

news clippings from the age business day:

"For the week, the ASX200 lost about 6.8%, giving up most of last week's record 9.5% advance."

"In Friday's trading, the materials sub-index was off 3.2% and energy stocks 3.4%, while telcos gained 0.5% and financial stocks were flat "

The party is over for stockbrokers. After riding 17 years of continuous economic growth, two of the bigger Christmas bashes in town will lose some tinsel this year. Bell Potter is holding it's annual Christmas drinks in the boardroom — that's right, 300 staff crammed into one room

The tooth fairy is feeling the heat. According to British milk producer Cravendale, which surveyed 1000 parents, the average amount of change left under pillows has dropped from £1.22 ($A2.81) to 87 pence a tooth in the past six months

Westpac appoints NZ CEO

Oil prices were steady near four-year lows below $US44 a barrel in Asia as more bad US economic news soured the outlook for global growth and demand for crude. Oil prices have fallen about 70 per cent since peaking at $US147.27 in July.