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winsontkl
Elite |
28-Feb-2008 23:39
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Hey elf, do drop a hint when it is time to pick up the sti call....huat together... |
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elfinchilde
Elite |
28-Feb-2008 22:58
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x 0
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ah yes. my bad. thanks for pointing that out. i keep forgetting about % terms. thanks for reminding. watching the dow tank now. heehee. time to buy sti calls soon....waiting.... |
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iPunter
Supreme |
28-Feb-2008 22:53
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x 0
x 0 Alert Admin |
Elfin... :) |
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iPunter
Supreme |
28-Feb-2008 22:49
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x 0
x 0 Alert Admin |
Dow plunged -117 pts shortly after opening bell!
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gnoik14
Member |
28-Feb-2008 22:49
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x 0
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the bear family had went to asia 1st, then to europe. Hopefully they wun have the strength to charge at wall street till morning or let the bull takeover. haizz!! |
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elfinchilde
Elite |
28-Feb-2008 22:38
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think dow will close negative tonight. although, won't really matter much, except for the steepness of sti movement tomorrow, which is almost certainly down. the seeds were planted this afternoon already. you see it all across the board. especially so when volumes are thin. if pennies haven't dropped much, that's cos most of them have been bled so badly the previous falls, there's almost nothing left to bleed. >~< |
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winsontkl
Elite |
28-Feb-2008 22:24
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Dow always amaze and spring the unexpected...so far..with so many negative datas, it ended up in green due to affirmation the rate cut is round the corner. |
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tanglinboy
Elite |
28-Feb-2008 20:56
Yells: "hello!" |
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x 0 Alert Admin |
Dow futures down 45 points now. |
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Hulumas
Supreme |
28-Feb-2008 10:37
Yells: "INVEST but not TRADE please!" |
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Dear Cyjjerry85, Despite any further bad news, DJ will still be up, since the worst data has been factored into the market. I strongly believe. |
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cyjjerry85
Elite |
28-Feb-2008 08:45
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x 0
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Tonight's data: GDP & Jobless Claims something in the hearts of the American...... |
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cyjjerry85
Elite |
28-Feb-2008 08:40
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Will more signs of profit taking and realization of bad data come in tonight from DOW? US STOCKS-Dow, S&P near flat after rally fadesNEW YORK, Feb 27 (Reuters) - The Dow and S&P 500 ended little changed on Wednesday after a rally fizzled when doubts emerged that lifting investment caps on the two largest home financing companies was enough to prevent deeper damage to the housing market. Earlier in the session, the broader market rose on the news that government regulators would let Fannie Mae and its rival Freddie Mac (FRE.N: Quote, Profile, Research) invest more in the mortgage market. But later in the session, the gains eroded as investors pondered more defaults and foreclosures that led to Fannie Mae's huge quarterly loss, reported before the opening bell. "The bottom line is housing is an issue, maybe the biggest issue, so anything we can do to help that is a net positive. At the end of the day, though, the question comes up: How much will this actually do, given how much capital Fannie and Freddie actually have?" said Bill Stone, chief investment strategist for PNC Wealth Management in Philadelphia. The Dow Jones industrial average .DJI was up 9.36 points, or 0.07 percent, at 12,694.28. The Standard & Poor's 500 Index .SPX was down 1.27 points, or 0.09 percent, at 1,380.02. The Nasdaq Composite Index .IXIC was up 8.79 points, or 0.37 percent, at 2,353.78. Utility shares were lower, however, including those of Dynegy Inc (DYN.N: Quote, Profile, Research). The independent power producer posted results that fell short of estimates and trimmed its 2008 earnings forecast. Its shares fell 8.5 percent to $7.56. Bernanke told lawmakers that downside risk still dogged the U.S. economy despite a series of interest-rate cuts. Stocks had opened lower as U.S. oil prices climbed to a record above $102 a barrel, the dollar slid and weaker-than-expected data on new home sales and durable goods orders stirred worries about the economy. Trading was moderate on the New York Stock Exchange, with about 1.5 billion shares changing hands, below last year's estimated daily average of roughly 1.9 billion, while on Nasdaq, about 2.2 billion shares traded, above last year's daily average of 2.17 billion. Declining stocks outnumbered advancing ones on the NYSE by 17 to 14 while decliners beat advancers on the Nasdaq by about 15 to 14. (Editing by Jan Paschal) |
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mirage
Veteran |
28-Feb-2008 08:39
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Quotes: The Dow Jones industrial average was up 9.36 points, or 0.07 per cent, at 12,694.28. The Standard & Poor's 500 Index was down 1.27 points, or 0.09 per cent, at 1,380.02. The Nasdaq Composite Index was up 8.79 points, or 0.37 per cent, at 2,353.78. Freddie Mac shares dipped 0.5 per cent to US$25.09. Apple said it will give details next week of how outside programmers can create software for its iPhone, a move aimed at spurring demand for the multifunction device. Its shares ended at US$122.96. IBM shares ended at US$116.46. Utility shares were lower, however, including those of Dynegy Inc. The independent power producer posted results that fell short of estimates and trimmed its 2008 earnings forecast. Its shares fell 8.5 per cent to US$7.56. The market took comments by Federal Reserve Chairman Ben Bernanke as a signal that more Fed rate cuts are in store. Mr Bernanke told lawmakers that downside risk still dogged the US economy despite a series of interest-rate cuts. The US central bank, however, will act in a timely manner to support growth and provide insurance against downside risks, Mr Bernanke told the US House Financial Services Committee in the Fed's semiannual monetary report to Congress. Stocks had opened lower as US oil prices climbed to a record above US$102 a barrel, the dollar slid and weaker-than-expected data on new home sales and durable goods orders stirred worries about the economy. Trading was moderate on the New York Stock Exchange, with about 1.5 billion shares changing hands, below last year's estimated daily average of roughly 1.9 billion, while on Nasdaq, about 2.2 billion shares traded, above last year's daily average of 2.17 billion. Declining stocks outnumbered advancing ones on the NYSE by 17 to 14 while decliners beat advancers on the Nasdaq by about 15 to 14. -- REUTERS |
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cheongwee
Elite |
28-Feb-2008 01:06
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Rest assure,US and the dollar will not crash.Unlike 1929,now it involve the whole world.Can you imagine the whole world crash.The US inflation are wide spread to all shore.They have export inflation to those country that are peg to it currency. The currency have lost some 80% of it value since the creation of the FED.and the sky is still up there,the sky did not fall down. The scenario will be over long term the weakness in the $ will bew balance out and the economy will improve.And as it improve the $ will strengthen again. But in the means time all US$ priced commodities will soar.But they will deflated as stock pick up most likely in the 2nd half.People will sell commodities and PM and put $ back into stock again, Currently, i am buying in trenches since we are so sure,..DYODD |
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cyjjerry85
Elite |
28-Feb-2008 00:42
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oh ya...currency also very weak now...if i m not wrong just now i heard on the Channel 8 NEWS that the US currency is super weak now...and the exchange rate for Singapore SGD/USD is at the weakest for dunno how many years (i think is 11 years low) i wonder how Singapore markets will react to this...or react to the green DOW...curious |
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cyjjerry85
Elite |
28-Feb-2008 00:36
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darnz...look at the oil price guys...its hit the historical PEAK again! this happen for how many times this week liao?? anyway...talking about the NEW peak tt oil price hit....it means my car petrol...ArgHhhhh...Electricity bills....darnz.... if looking at near term and seeing DOW cheong so fiercely recently...u may well be tempted to buy in and in the hope it has been the bottom and now bull is back...BUT just when you buy..............the DOW falls...and well, u will fall too 
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elfinchilde
Elite |
28-Feb-2008 00:28
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america. the land of make believe, indeed. haha. we're within range of 12,800. touch that and let's see how. haha. be forewarned, all the independent experts (you can read the articles all over SJ, courtesy of the other forumers. :) ) have warned of a near term pull back. unbelievable though. the more bad news, the higher the hopes for a March rate cut, the higher the DJIA goes. meanwhile, gold and oil follow and shoot up. seatbelts on, folks. do you see what the signal is? wheee. |
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idesa168
Elite |
28-Feb-2008 00:27
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The mkt is just so silly. Cheong on "ANTICIPATED" rate cut and ignore the "REAL" economic data (which is negative). I am sure the rally will not be sustainable. If the mkt cheong tomorrow, I shall liquate all my positions and hold CASH again. This kinda rally is so kelong one. |
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cyjjerry85
Elite |
28-Feb-2008 00:22
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once again DOW UPPPPPPPPPPPPPPPPPPPPP.............with all these bad figures reported this week...every single day....and we are seeing it shooting like a star.... coming down soon? doesn't seem like it now at the current moment... but the bigger the climb...the larger impact the fall.. |
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winsontkl
Elite |
27-Feb-2008 23:42
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Cheong upward on the hope of interest rate cut and at the expense of higher inflation rate....how nice. |
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Arbitrager
Senior |
27-Feb-2008 22:30
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x 0
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wondering if the market will be like this tonite. everyone, for safety reasons, pls put on ur safety belt.
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