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billywows
Elite |
21-Sep-2006 23:34
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Boring US market tonite, still flat ...... and no economic data reporting tomorrow (Friday's trading). But next week is full of activities! The homes and consumer data will be happening for another rally before September come to an end. Check out below:
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billywows
Elite |
21-Sep-2006 23:08
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October will be a bad trading month cos market rallied this and last month. Beware ... Dow and Nasdaq still flat. |
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chipchip66
Master |
21-Sep-2006 23:01
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With the rate pause, US markets should have 1 month to play rite? |
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billywows
Elite |
21-Sep-2006 21:59
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Kanna bluff .... no rally in sight! US market flat! | |||||||||||||||||||||||||||||||||
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billywows
Elite |
21-Sep-2006 21:30
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Get ready for a post Fed rally ........ September has been good! --------------------------- Strong results from General Mills and FedEx, as well as a broker upgrade of Cisco Systems, also helped lift sentiment.
S&P 500 futures rose 2.20 to 1,338.70 and Nasdaq 100 futures gained 6.50 to 1,670.25. Dow industrials futures advanced 14 points to 11,711.
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billywows
Elite |
21-Sep-2006 05:53
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Quite a 'flat' rally as Dow & Nasdaq mantained their heights throughout the nite .... but still shiok! ---------------------- Some investors also expressed concern that there may be some debate over the inflation outlook among Fed members after one central bank official dissented with the majority decision to keep short-term rates unchanged at 5.25%.
The Dow Jones Industrial Average rose 72.28 points at 11,613.19. The Nasdaq Composite Index gained 30.52 points to 2,252.89. The tech-rich index is sitting at a four-month high.
The S&P 500 Index rose 6.87 points to 1,325.18. The broad gauge was about 1/2 - point short of ending the session at its best level since February 2001.
The Federal Reserve held overnight interest rates steady and left the door open for further increases if inflation does not come down. This was the second straight meeting with no change in monetary policy. It follows rate hikes at an unprecedented 17 consecutive policy-setting meetings.
"With the market bumping up against multi-year highs, there is little upward thrust to be gained from this Fed decision and the statement," said Alan Gayle, senior investment strategist at Trusco Capital Management.
However, it is clear, said Gayle, that there is "active discussion within the [Federal Open Market Committee] about the level of inflation as witnessed by the dissension of Richmond Fed President Jeffrey Lacker." Lacker voted to raise interest rates. It was the second consecutive time the Richmond Fed president dissented.
The FOMC statement was little changed from August. The committee said it expects a slower economy to reduce inflationary pressures. "The moderation in economic growth appears to be continuing, partly reflecting a cooling of the housing market," the statement said. It added that inflation pressures will likely moderate over time, but that "some inflation risks remain." See full story.
Prior to the Fed decision, the market had already been posting solid gains on a number of strong earnings reports.
On the broader market for equities, advancers outpaced decliners by around 2 to 1 on both the New York Stock Exchange and by 9 to 5 on the Nasdaq.
Volume was 1.61 billion on the Big Board, and a healthy 2.2 billion on the Nasdaq.
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billywows
Elite |
20-Sep-2006 23:31
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Nasdaq is strong too ..... up 32 points (+1.4%) now! |
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teeth53
Supreme |
20-Sep-2006 23:20
Yells: "don't learn through life, learn to grow with life " |
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billywows
Elite |
20-Sep-2006 21:57
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US market rallies now .... Dow up 56 points and Nasdaq up 26 points! ---------------------- |
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Nostradamus
Supreme |
20-Sep-2006 10:05
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Stocks dropped after Thailand's military launched a coup against the country's prime minister. Housing starts fell 6%, twice as fast as expected. New housing construction notched its fifth decline in six months, hitting its lowest point in more than three years. The day's housing data overshadowed the Labor Department's report that core inflation, which excludes food and energy, fell for the second straight month. While the major indexes recovered most of their losses in late afternoon, all closed lower. Tech stocks smarted from Yahoo's news that slower ad sales would depress its third-quarter results. | |||||||||||||||||||||||||||||||||
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cashiertan
Elite |
20-Sep-2006 01:21
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11500 support i sbroken with ease. siao liao. Profit taking for the rest of the week? I thought finally the Sept curse is broken.. | |||||||||||||||||||||||||||||||||
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billywows
Elite |
19-Sep-2006 23:07
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chipchip66
Master |
19-Sep-2006 22:30
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I think Fed could cut rates by 25 basis points due to weak housing data! | |||||||||||||||||||||||||||||||||
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chipchip66
Master |
19-Sep-2006 22:14
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Dow should be having more upside as inflation fears hav eased due to falling gasoline prices.So why is index not moving up in tandem to falling gasoline prices? I think probably Dow is having a breather as it has hit a 4 month high not too long ago. Also, the Fed meeting is coming up so the cautious mood form investors. I think today will be a slight negative bias but will probably cheong again after the Fed meeting tomorrow? | |||||||||||||||||||||||||||||||||
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singaporegal
Supreme |
19-Sep-2006 22:04
Yells: "Female TA nut" |
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Dow is now down 21 points. | |||||||||||||||||||||||||||||||||
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Nostradamus
Supreme |
19-Sep-2006 21:38
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Wholesale prices edged up 0.1% last month as gasoline prices fell, helping to offset a jump in food costs. providing further evidence that inflation pressures are easing. Outside of energy and food, core inflation was even better behaved, falling by 0.4% after a 0.3% decline in July. It marked the first back-to-back declines in core inflation in more than three years. In other economic news, home construction dropped a sharp 6% in August, a much bigger decline than analysts had been expecting. The good news contained in the department's Producer Price Index followed a report last week that inflation at the consumer level also moderated in August, rising by just 0.2%. Both months reflected a slowdown in energy prices, which rose by just 0.3% at the wholesale level in August after a huge 1.3% jump in July. Gasoline prices actually fell at the wholesale level last month, dropping 2.2%, the biggest decline in seven months. With surveys showing further gasoline price declines in recent weeks, analysts were looking for more good news on inflation in the September price reports. Falling gasoline prices will leave consumers with more money to spend on other items. This should provide fuel to keep the economy moving ahead, easing worries that the recent slowdown in consumer spending could worsen into an outright recession. Analysts said the Federal Reserve appears close to achieving its hoped-for soft landing in which growth slows enough to keep inflation pressures contained but not so much that the economy dips into a downturn. The Fed in August left interest rates unchanged, marking the first pause after 17 consecutive rate hikes. Economists are expecting the Fed to keep rates on hold when they meet again on Wednesday. For August, the 2.2% drop in gasoline prices, the biggest fall since an 11.2% plunge in February, helped to offset increases in other types of energy. Food costs shot up 1.4% in August after having declined by 0.3% in July. The price of fresh vegetables, fruit and eggs all posted big increases. Outside of the volatile food and energy sectors, the 0.4% drop in core inflation reflected big declines in the cost of new vehicles. The price of light trucks dropped by 3.4% while the cost of passenger cars was down 2.6%. The latest price changes showed wholesale prices have risen by 3.7% in the past 12 months while core inflation, which excludes energy and food, was up by just 0.9%. |
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billywows
Elite |
19-Sep-2006 21:25
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tanglinboy
Elite |
19-Sep-2006 20:28
Yells: "hello!" |
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Investor jitters showing
U.S. stocks set to open lower as housing, inflation reports loom.
NEW YORK (CNNMoney.com) -- Concern about the housing and inflation, ahead of government reports due before the open, helped send stock futures lower Tuesday. At 8:08 a.m. ET, both S&P 500 and Nasdaq futures were down, indicating a lower open for the major market gauges, although that could change with the 8:30 a.m. economic readings. |
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billywows
Elite |
18-Sep-2006 22:33
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US market should be a GREEN pancake tonite -unless something dramatic happens. All waiting for Wed's Fed meeting ..... | |||||||||||||||||||||||||||||||||
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tanglinboy
Elite |
18-Sep-2006 22:25
Yells: "hello!" |
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Dow is now +13.5 Cautious mood but at least its positive. |
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