| Latest Forum Topics / Others |
 Post Reply
|
|
DOW
|
|
|
cyjjerry85
Elite |
09-Mar-2008 23:32
|
|
x 0
x 0 Alert Admin |
i wonder will the Federal have another emergency rate cut sooner than expected like previously?? the market always springs with surprises |
| Useful To Me Not Useful To Me | |
|
cyjjerry85
Elite |
09-Mar-2008 23:30
|
|
x 0
x 0 Alert Admin |
RPT-Wall St Week Ahead: Stocks may fall anew on recession fearsNEW YORK, March 9 (Reuters) - U.S. stocks could face a further pounding this week as evidence mounts that the economy has entered a recession and problems in the financial sector accelerate. The economic agenda is relatively light until Friday, when the Consumer Price Index will command attention, especially with oil's jump last week to a record more than $106 a barrel and the surge in other commodity prices. At the same time, the financial sector has been pummeled by news showing further signs of troubles related to the subprime mortgage market. The negative news trend is showing few signs of letting up, and could mean more losses for stocks. "The sentiment right now is extremely bad," said John Praveen, chief investment strategist at Prudential International Investments Advisers LLC in Newark, New Jersey. HOPES FOR A FED RESCUE If there is to be any reprieve for the stock market, it could come from signs the Federal Reserve is contemplating an emergency interest-rate cut, analysts said. The Federal Reserve is scheduled to meet on March 18. But last week, stocks sank below levels seen on Jan. 22, when the Fed instituted an emergency rate cut to ease credit market strains and revive the economy. Just minutes before the release of Friday's jobs report, the Federal Reserve announced measures to address heightened liquidity pressures in term funding markets, a move the Fed's staff said was a reaction to recognition that market deterioration had accelerated recently. |
| Useful To Me Not Useful To Me | |
|
|
|
|
winsontkl
Elite |
09-Mar-2008 23:22
|
|
x 0
x 0 Alert Admin |
Negative outlooks it seems.... |
| Useful To Me Not Useful To Me | |
|
Naproxen
Veteran |
09-Mar-2008 21:38
|
|
x 0
x 0 Alert Admin |
With the situation in Malaysia now, Monday can see STI tumbles. |
| Useful To Me Not Useful To Me | |
|
Hulumas
Supreme |
09-Mar-2008 19:58
Yells: "INVEST but not TRADE please!" |
|
x 0
x 0 Alert Admin |
Be optimistic, not a week, but day or days perhaps........ ha...ha... ha... |
| Useful To Me Not Useful To Me | |
|
|
|
|
simck001
Senior |
09-Mar-2008 10:40
|
|
x 0
x 1 Alert Admin |
Bad...bad news for the market of coming week. |
| Useful To Me Not Useful To Me | |
|
pikachu
Veteran |
08-Mar-2008 22:02
Yells: "Holy Cow!" |
|
x 0
x 0 Alert Admin |
Stocks hit lowest levels in over a yearWall Street tumbles to 2006 levels as investors eye the biggest job losses in 5 years and more financial sector problems.NEW YORK (CNNMoney.com) -- Stocks tanked Friday, falling to the worst levels in nearly 18 months after a weak February employment report and more financial sector woes exacerbated recession fears. Oil spiked to a record $106 a barrel before retreating a bit, the dollar continued its plunge and traders continued to pour money into government bonds. The Dow Jones industrial average (INDU) lost 1.2%, falling to its lowest point since Oct. 11, 2006. The broader Standard & Poor's 500 (SPX) index fell 0.8%, closing at its lowest level since August 23, 2006. The Nasdaq composite (COMP) lost almost 0.4% and ended at its lowest point since Sept. 11, 2006. All three major gauges had posted gains through the late morning, before turning lower and tumbling through the afternoon. "You can see as a general rule that there's a revulsion to any risk and a lack of confidence in the market," said Bill Stone, chief investment strategist at PNC Wealth Management. He said that the economy has probably been in a recession since the start of the year. However, at some point, probably in the next few months, investors will begin anticipating a recovery a few quarters out and start pushing stocks higher. Job losses are the worst in five years. Employers cut 63,000 jobs in February, the biggest monthly cut in five years. That fell far short of expectations, which had called for employers to add 25,000 to their payrolls, according to a Briefing.com survey of economists. January's job loss was revised to 22,000. The unemployment rate, generated by a separate survey, fell to 4.8% from 4.9%, versus forecasts for a rise to 5%. But the drop was a result of less people being in the workforce. Average hourly earnings, the report's inflation component, rose 0.3%, as expected, after rising a revised 0.3% in the previous month. (Full story). The report is the latest indication that the economy is headed for a recession, if it isn't in one already. "The report was horrible," said Joshua Shapiro, chief U.S. economist at Maria Fiorini Ramirez Inc. "Even the one bit that seemed like good news was bad news," he said. "The unemployment rate went down, but it was because the labor force shrank, which is not good news." The stock reaction was initially muted as investors bet that the weak labor market would spur the Fed to aggressively cut interest rates at its next meeting on March 18. Investors also initially focused on news that the Fed was boosting the size of its upcoming bank auctions. However, by late morning, stocks had turned negative, and the selloff accelerated in the afternoon. Meanwhile, President Bush's top economic advisor said Friday afternoon that the nation's economic growth could fall into negative territory this quarter, in line with outside experts, but more dour than the White House has been. President Bush, also speaking in the afternoon, said "it's clear our economy has slowed." JP Morgan Chase said in a note Friday that the U.S. economy is two months into a recession. More woes for financials. Citigroup (C, Fortune 500) said late Thursday that it was shaking up its residential mortgage business, cutting assets by $45 billion over the next 12 months and halving the number of loans to be held in its portfolio. (Full story). Ambac Financial (ABK), the troubled bond insurer, said it had successfully raised $1.5 billion in capital by selling stock and convertible bonds, in a move meant to preserve its financial strength rating. The plan got a lukewarm response when first announced Wednesday, disappointing investors who were expecting a bigger bailout plan. Meanwhile, lenders to Dutch bond fund Carlyle Capital have begun to liquidate securities in its $21.7 billion portfolio, the Associated Press reported. The company said it received substantial additional margin calls and default notices from its lenders. (Full story). Margin calls require borrowers to pay back loans or offer more collateral. Thornburg Mortgage (TMA) continued to plunge after the company revealed it can't cover current margin calls and that it will restate past earnings to account for a decline in the value of its mortgage securities held in a portfolio at the end of 2007. Blue-chip declines were broad based, with 23 out of 30 Dow issues falling, led by Alcoa (AA, Fortune 500), DuPont (DD, Fortune 500), Chevron (CVX, Fortune 500) and Exxon Mobil (XOM, Fortune 500). Select technology gainers protected the Nasdaq composite index from the same kind of losses as the Dow and S&P 500. Market breadth was negative. On the New York Stock Exchange, losers beat winners 3 to 2 on volume of 1.7 billion. On the Nasdaq, decliners also topped advancers by 3 to 2 on volume of 2.38 billion shares. Fed to lend banks more cash. The central bank said it was taking more steps to try and ease the liquidity crunch by increasing the amount of money it would make available to banks in its auctions on March 10 and 24. The Fed will increase the size of the auctions to $50 billion each from the original $30 billion. The Fed, which has undertaken a series of auctions to get banks the cash they need to make loans, also said that, starting Friday, it will begin a series of repurchase transactions that should eventually reach $100 billion. Meanwhile, on Capitol Hill, a hearing was underway to discuss the February jobs report. A separate hearing was underway on executive compensation, focusing on the link between pay packages and the mortgage crisis. And consumer confidence continued to slump, according to the RBC Cash index, which fell to a nearly 6-year low in early March. Other markets. U.S. light crude oil for April delivery fell 32 cents to settle at $105.15 a barrel on the New York Mercantile Exchange, after touching an all-time trading high of $106.54 earlier. Oil prices ended the previous session at a record high of $105.47. In currency trading, the dollar touched a fresh record low against the euro on the weak jobs report. The greenback fell to its lowest level versus the yen in three years. COMEX gold for April delivery fell $2.60 to $974.50 an ounce. Gold prices, along with other dollar-traded commodities, have surged in response to the weak greenback. But after a big rally, prices have retreated for the last two sessions. Treasury prices rallied, lowering the yield on the benchmark 10-year note to 3.54% from 3.58% late Thursday as investors sought the relatively safer-haven of government debt. Bond prices and yields move in opposite directions.  |
| Useful To Me Not Useful To Me | |
|
winsontkl
Elite |
08-Mar-2008 21:29
|
|
x 0
x 0 Alert Admin |
Hi elf, "M formation"??? care to elaborate....suppose to be down trend I think as nickyng likes shorting... |
| Useful To Me Not Useful To Me | |
|
|
|
|
elfinchilde
Elite |
08-Mar-2008 16:12
|
|
x 0
x 0 Alert Admin |
haha. new M formation formed on the dow. nickyng is gonna be one happy guy next week. ;) |
| Useful To Me Not Useful To Me | |
|
jackjames
Elite |
08-Mar-2008 15:58
|
|
x 0
x 0 Alert Admin |
nope, i am trying all my best to get out from this engineering line.. will see how it goes.. my dream is far beyond that.. but it is achievable. |
| Useful To Me Not Useful To Me | |
|
zanetti
Member |
08-Mar-2008 14:49
|
|
x 0
x 0 Alert Admin |
LOL, i'm in engineering sector too. its not that bad la, average income of 2-3k per mth. quite low but enough to survive. wat to do, save up now and see how next time lor. But on the positive side, I've a uncle that was in engineering for 10 yrs until he save up enough to set up his own company. dealing with some manufacturing c&c products. Though small company, but now driving one new toyota camry & staying in one condo. probably thats wat we are hoping for ? |
| Useful To Me Not Useful To Me | |
|
jackjames
Elite |
08-Mar-2008 12:36
|
|
x 0
x 0 Alert Admin |
she is age 40, normal looking, experienced in this line, and you need to have some secretary cert. too to have this post, remember, she was headhunted ! sorry, can't telll too much details, i will get killed if she knows it later. most importantly, she is single. her current paid only 8K, that's 150% gain. i determined to educate my children with finance and costing, never engineering ! engineering sucks... you will forever licking others boots until you reach management level, i am one of the "victim" too... admit it, engineers. finance will rule forever and ever.. |
| Useful To Me Not Useful To Me | |
|
|
|
|
zanetti
Member |
08-Mar-2008 11:33
|
|
x 0
x 0 Alert Admin |
20k/mth for diploma holder secretary ? hmmm is it some kind of scam ? or your aunt very pretty isit ? |
| Useful To Me Not Useful To Me | |
|
jackjames
Elite |
08-Mar-2008 09:29
|
|
x 0
x 0 Alert Admin |
retrenchment? guess what, my aunt only got diploma holder, and now kena head hunted to a "XXXX" listed property company as a group secretary, their offer is 20K per month salary, they earning like crazy .. even just a diploma holder.. but again, this is a bit higher rank la.. u have to sit in the meetings witht all the board managers, then u just write what they say la... 20K per month, u want ? |
| Useful To Me Not Useful To Me | |
|
zanetti
Member |
08-Mar-2008 09:24
|
|
x 0
x 0 Alert Admin |
elf: ya i know that economy will not be good but how bad will it gets ? the previous recession was during my sch days so wasnt really affected much, but i heard that a lot of ppl gone jobless & cases of suicide. Probably this time we will not face with a recession(maybe only in america), but will there be retrenchment or ? |
| Useful To Me Not Useful To Me | |
|
cyjjerry85
Elite |
08-Mar-2008 02:52
|
|
x 0
x 0 Alert Admin |
this type of news is powerful...from the White House somemore... we could see something worst than 22 Jan should it break down and close below that low... Economy could contract - White HousePresident's top economic advisor, Edward Lazear, says economic growth could be negative in the current quarter.WASHINGTON (AP) -- President Bush's top economic adviser said Friday the nation's economic growth could dip into negative territory for the current quarter, an assessment that tracks with many outside experts but is the most pessimistic to come so far from the White House. "We don't really know whether it will be negative or not," Edward Lazear, chairman of the White House Council of Economic Advisers, told reporters at the White House. "We have definitely downgraded our forecast for this quarter." He would not discuss whether the White House is predicting the economy will actually fall into a recession. Some economists think it already has.Lazear said the White House predicts jobs numbers will pick up by spring and growth will rebound by summer, driven primarily by a recently passed stimulus package. "Obviously we were disappointed," Lazear said about the job losses. |
| Useful To Me Not Useful To Me | |
|
winsontkl
Elite |
08-Mar-2008 01:28
|
|
x 0
x 0 Alert Admin |
down again... |
| Useful To Me Not Useful To Me | |
|
elisa28
Member |
08-Mar-2008 01:16
|
|
x 0
x 0 Alert Admin |
12000 CANNOT HOLD. NOW DOW JONES IS DOWN 120+ POINTS |
| Useful To Me Not Useful To Me | |
|
techsys
Master |
08-Mar-2008 00:06
|
|
x 0
x 0 Alert Admin |
I see more downside here ... I'm not pouring money here. |
| Useful To Me Not Useful To Me | |
|
moneyface
Senior |
07-Mar-2008 23:40
|
|
x 0
x 0 Alert Admin |
positive 50plus now |
| Useful To Me Not Useful To Me | |