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DOW
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louis_leecs
Elite |
04-Mar-2008 22:54
Yells: "half cash" |
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x 0 Alert Admin |
sell down not over yet,,,,,,,there will another sell down came with bad news,,,small bank bankrupt announce than fed reserve interven capital injection and rate cut,,,,,,,so avoid to buy,,,,patiece wait wait for worst to come,,,,,,insider news is that coming soon,,,,,, |
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Naproxen
Veteran |
04-Mar-2008 22:39
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x 0
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Yes, however stocks declined Tuesday as Federal Reserve Chairman Ben Bernanke began speaking about ways banks can curb foreclosures. The Dow Jones Industrial Average dropped about 100 points, or nearly 1 percent, in the first five minutes of trading. The Nasdaq and S&P 500 index also opened lower. |
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gnoik14
Member |
04-Mar-2008 22:24
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x 0
x 0 Alert Admin |
No major economic reports are due today. So DOW will close positive tonight though got bad news..? |
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Hulumas
Supreme |
04-Mar-2008 22:18
Yells: "INVEST but not TRADE please!" |
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x 0
x 0 Alert Admin |
All those bad news are expected, more or less in the large extent market has used to it already. It won't effect market movement much, I should think. |
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tanglinboy
Elite |
04-Mar-2008 21:43
Yells: "hello!" |
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x 0
x 0 Alert Admin |
Stocks poised for sharp fallFutures decline after Intel lowers profit forecast; investors await latest comments from Bernanke, reading on banking sector.EW YORK (CNNMoney.com) -- Stock futures fell early Tuesday after chipmaker Intel cut its profit forecast and as investors awaited the latest on the battered U.S. economy from Federal Reserve Chairman Ben Bernanke. At 6:35 a.m. ET, Nasdaq and S&P futures were sharply lower, indicating a difficult start for Wall Street. Intel (INTC, Fortune 500) lowered its profit outlook after the market close Monday. The company said that the price for memory chips had fallen more than expected. Shares of the Dow component fell 2.1% in early trading in Frankfurt Tuesday. At 9 a.m. ET, Bernanke is set to speak at an Independent Community Bankers of America meeting in Orlando about "Reducing Preventable Mortgage Foreclosures." It is the last scheduled public comment from the nation's top central banker before policymakers meet March 18 to consider interest rates. In testimony before Congress last week, Bernanke said he expected to see the number of bank failures rise this year and was concerned about the need for larger banks to raise additional capital. Those comments rattled markets and the subject could get further attention Tuesday when the Senate Banking Committee hears from other banking regulators on the state of the U.S. banking industry. The hearing is set to start at 10 a.m. ET. Oil edged higher in early trading, as a barrel of light sweet crude rose 18 cents to $102.63 in electronic trading. Gold gained $2.70 to $986.90 an ounce and edged closer to the $1,000 benchmark on concerns about the weak dollar and rising inflationary pressures. Worries about bond insurers could also be back in the news after the Financial Times reported that Ambac (ABK) has decided against splitting its business into two. In other corporate news, oil company BP (BP) said in its annual report Tuesday that it has set aside an additional $500 million to to settle claims arising from a fatal Texas City refinery fire in 2005, on top of a previously disclosed $1.6 billion provision. Shares of BP were down 1.6% in London trading, despite slightly higher oil prices. Other stocks to watch include No. 1 book retailer Barnes and Noble (BKS, Fortune 500), whose shares lost 4.7% in after-hours trading Monday after it raised its fourth-quarter earnings guidance but said its adjusted profit will still likely fall below Wall Street analysts' estimates. Office supplies firm Staples (SPLS, Fortune 500) is due to report its results ahead of the market open Tuesday.  |
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cyjjerry85
Elite |
04-Mar-2008 18:46
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x 0
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Sour mood on Wall StreetFutures decline as investors worry about surging oil, gold prices; no major economic data on tap.LONDON (CNNMoney.com) -- Stock futures fell early Tuesday as investors remained worried about surging commodities prices and the fallout of the credit crisis. At 5:16 a.m. ET, Nasdaq and S&P futures were lower, indicating a negative start for Wall Street. Stocks finished Monday's session mixed amid surging oil prices and the falling dollar. Worries about bond insurers could be back in the news after the Financial Times reported that Ambac (ABK) has decided against splitting its business into two. Oil prices, which scaled a new trading record of $103.95 a barrel on Monday, edged lower in electronic trading. Gold prices slipped, but are still close to approaching the $1,000 an ounce milestone. The dollar edged higher against the euro and the yen. The greenback has fallen against a range of currencies recently and sank to another all-time low against the euro Monday. Companies to watch include chipmaker Intel (INTC, Fortune 500), office supplies firm Staples (SPLS, Fortune 500) and bookseller Barnes and Noble (BKS, Fortune 500).
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cyjjerry85
Elite |
04-Mar-2008 11:53
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x 0
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Shares of Intel gained 4 cents to $20.01 during the regular trading session Monday, before falling 46 cents to $19.55 in after-hours trading following the announcement that they lower gross profit margin outlook. Not very impressive to hear about that especially after trading hours...this will affect their futures |
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Green8
Senior |
04-Mar-2008 09:48
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x 0
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Can Fed reduce interest rate to 1.5%- 2 % to make their goods cheaper in order the jobless rate will not soar? Stagflation is expected. Look like their elite teams still at a loss. A real test on them showed they are not prepared. |
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cyjjerry85
Elite |
04-Mar-2008 08:48
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x 0
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New recession worry: Bank failuresConstruction loan problems threaten spike in smaller bank failures and add to worry over credit crunch. |
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cyjjerry85
Elite |
04-Mar-2008 03:07
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x 0
x 0 Alert Admin |
looking at the charts...DOW is dancing up and down...fluctuate till like that also very difficult to predict ...it can go even to the positive green region before coming down red again...but how long can it last even when it turns green.... not another bear trap man... |
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viruz7667
Senior |
04-Mar-2008 01:22
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x 0
x 0 Alert Admin |
it seem tat DOW will close green green but wont be much... |
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viruz7667
Senior |
04-Mar-2008 01:21
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x 0
x 1 Alert Admin |
but i rather DOW in red...cos I wan to buy golden agri if open below 1.05....in order to avg down..cos today bought at too high....and if DOW in red would be easier to short counters too!... :P |
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cyjjerry85
Elite |
04-Mar-2008 01:15
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x 0
x 0 Alert Admin |
mmm...let's say if DOW open green when u wake up....will you buy?? one thing is for sure...technical rebound can be expected at some point of time...but dun get caught at the next downturn if u buy |
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viruz7667
Senior |
04-Mar-2008 01:12
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x 0
x 0 Alert Admin |
morning wake up turn green? hehe.... |
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cyjjerry85
Elite |
04-Mar-2008 00:23
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x 0
x 1 Alert Admin |
the oil price seriously is horrifying...UP BREAKING RECORDS for the past one week so many times! so some would still buy up and hope we will rise as Fed cut will be soon in March...but do keep in mind that inflation also follows...so Fed cut or not...still jialat...in both ways...if don't cut...then the financial markets will be in continued prolong turmoil....and if cut rates...inflation pressure will accelerate either way...its extremely bearish |
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winsontkl
Elite |
04-Mar-2008 00:19
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x 0
x 0 Alert Admin |
12200 soon....with oil price moving up....looks like inflation is here to stay with the FED busy with recession worries.... |
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cyjjerry85
Elite |
04-Mar-2008 00:12
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x 0
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From Bloomberg: Dollar Falls to Record Against Euro as Manufacturing Contracts The dollar declined to a record low against the euro on speculation the slumping U.S. economy will cause banks to report more losses from the collapse of the subprime-mortgage market. ``Negative prospects for global markets and the global economy further precipitated the sharp decline in the dollar'' against the yen, said Samarjit Shankar, director of global strategy for the foreign exchange group in Boston at Bank of New York Mellon. ``We are seeing risk aversion across the board.'' ``The dollar is in a clear free-fall, down versus every major and emerging-market currency,'' Jan Loeys, head of global- market strategy at JPMorgan Chase & Co. in London, wrote in a note to clients. Japanese consumer finance firm Takefuji Corp. said today it may report losses of as much as 30 billion yen ($289 million) on subprime-related derivatives transactions. The yen advanced to 156.87 per euro from 157.46. Construction Spending in the U.S. Decreased 1.7% in January Spending on U.S. building projects in January fell by the most in 14 years as the housing slump worsened and construction slowed on hotels and highways. The 1.7 percent decrease, more than twice the fall economists forecast, followed a revised 1.3 percent drop in December that was steeper than initially reported, the Commerce Department said today in Washington. Construction spending has contracted for four straight months. Homebuilding is in a third year of declines as sales weaken and builders halt new projects to lighten inventories. Stricter borrowing rules and lower demand are also restraining commercial developers, creating an even greater drag on growth. ``Ceaseless talk of a recession continues to dampen the mood of consumers,'' Robert Toll, chief executive officer of homebuilder Toll Brothers Inc., said in a conference call Feb. 27. ``This drumbeat, coupled with concerns over mortgages, the direction of home prices, and foreclosures, has kept pent-up demand on the sidelines.'' |
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cyjjerry85
Elite |
03-Mar-2008 23:57
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x 0
x 0 Alert Admin |
the 12200 support level will be rather strong as seen so far in this year...should it close below that...it will not much more of a faster downturn than expected...but i think we shld be hovering above that level for a short period of time still |
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elfinchilde
Elite |
03-Mar-2008 22:45
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x 0
x 0 Alert Admin |
idesa, calculation a bit off perhaps? I'd have put the start as august, if not jul 07. which puts the 10 mths at may/june 08. which wld be about right then, since a recovery is expected 2H 08. |
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tanglinboy
Elite |
03-Mar-2008 21:37
Yells: "hello!" |
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x 0
x 0 Alert Admin |
Stocks set to tumbleFutures decline amid ongoing recession worries, loss of large contract for Boeing. Manufacturing report ahead.NEW YORK (CNNMoney.com) -- Stocks looked set to kick off the first trading day of March on a downbeat note, as worries about the slowing economy and weak dollar continued to stalk investors. About three hours before the start of trading, Nasdaq and S&P futures were lower, indicating a negative start for Wall Street. Economic concerns and worries about the health of the financial sector sent stocks sharply lower Friday. Those concerns spread overseas. Japan's Nikkei closed Monday's session 4.5% lower while European stocks dropped in midday trading. Meanwhile, the dollar sank to a three-year low against the yen. Investors will get a fresh reading on nationwide manufacturing activity from the Institute of Supply Management at 10 a.m. ET. The ISM index is forecast to fall to a reading of 49 from 50.7 for January. Any reading below 50 indicates a contraction in manufacturing. The Commerce Department releases a report on construction spending, also at 10 a.m. ET. That report is also expected to show a decline. The nation's major automakers are due to report February sales results, with sales tracker Edmunds.com forecasting that sales will be off 2.3% from year-ago results, but up sharply from the weak sales reported in January. Oil prices were sharply lower in early trading, another sign of recession worries among investors. Light, sweet crude for April delivery fell 81 cents to $101.03 a barrel in electronic trading. In major corporate news, Dow component Boeing (BA, Fortune 500) suffered a surprise loss of a contract for new refueling tankers from the U.S. Air Force that could be worth as much as $40 billion. Shares were down more than 5% in early Frankfurt trading A joint venture between rivals Northrop Grumman (NOC, Fortune 500) and European Aeronautic Defense and Space Co., the parent of commercial aircraft maker Airbus, won the contract instead. Northrop shares gained 5.3% in Frankfurt while EADS saw shares soared 7.4% in early trading in Paris Monday. Another Dow component, United Technologies (UTX, Fortune 500) saw its shares fall 3.4% in early Frankfurt trading after it announced Sunday that it made an unsolicited offer to buy Diebold Inc. (DBD) for $2.63 billion. The offer, worth $40 a share, represents 66% premium from Diebold's closing price Friday. Banking giant HSBC's shares sank 1.8% in London trading after it announced improved full-year earnings in spite of reporting $11.7 billion in charges related to its U.S. subprime mortgage holdings and other credit provisions rose. Berkshire Hathaway (BRK.A), the firm controlled by investment guru Warren Buffett, reported late Friday that fourth-quarter earnings fell 18%, due to weakness from its construction business and thinner margins on insurance underwriting and reduced investment returns. But the earnings topped forecasts and the company reported that its per-share book value, its key measure of performance rose by 11% from year-earlier levels, roughly double the performance of the S&P 500 during the year. Troubled bond insurer Ambac Financial Group (ABK) said late Friday it will cut its quarterly dividend to a penny a share and suspend its structured finance business to free up capital. Embattled online broker E*Trade Financial Corp. (ETFC) plans to give its CEO position to Donald Layton, who has held the chairman post there since fund Citadel Investment Group made a $1.75 billion investment in the firm in November, according to a report in the Wall Street Journal. The report says the move could be a precursor to the company being put for sale. |
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