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DOW
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cheongwee
Elite |
16-Jul-2008 00:36
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Beware of bull trap, there is a rumour coming out of US that an attack on Iran is fore coming within the next 2 weeks. I dont know how true but since this is a comfirm bear, why not sell to strenght and park on the side line, and wait for opportunity, Personnaly have sold a huge chunk 2 month back on strength. No regret, abt losess, it could be worse right now, but i do not consider losse, but rather sort of withdraw and wait for opportunity. But me afraid that the opportunity maybe a long time away. Hope not. An attack on Iran is a sure ones, because US will not tolerate a nuclear Iran. Remember Iran would not hestitate to pass 1 nuke bomb to their best friend Osama. It is only a matter of time. But i still dont think so soon as US is busy with cleaning up their financail mess. JMHO.....pls DYODD |
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lookcc
Master |
15-Jul-2008 22:34
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personal feeling is one's exclusive right. | ||||
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Rustyhaster
Member |
15-Jul-2008 22:28
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Only if later on sumthing gd came out from the mouth of Fed Chairman Ben Bernanke LOL.....I got a feeling that 60% that Dow shoul ne able to turn slightly GREEN lol hahaha...my personal feeling....
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winsontkl
Elite |
15-Jul-2008 22:20
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At the edge of black hole...... | ||||
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lookcc
Master |
15-Jul-2008 22:17
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not able 2 b tt optimistic, hopefully not totally hopeless.
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aleoleo
Master |
15-Jul-2008 22:14
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oh uh... guys... if u were watching the 10pm news, analysist was saying the "loop hole" of US financial is become biger &biger. they also saying STI went to "bear" market today and the fall will continue..... shit liao... really big wok.... lets PUT together..... kekeke...  who lets the bear out... hoh hoh hoh hoh....
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jackjames
Elite |
15-Jul-2008 22:11
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oh no, Merrill Lynch USD 24 now.... approaching my buy target at USD 19, heeee... buy now USD 24, when you gain 100% to USD 48.. "SOMEONE" is just breakeven, ha ha ha.. | ||||
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aleoleo
Master |
15-Jul-2008 22:03
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DJ open low, now -146 liao....... yesterday future up.... but end lower. hope today is reverse of yesterday, open low and end in green... haa.. just dreamzzzzzz only. 
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pikachu
Veteran |
15-Jul-2008 21:39
Yells: "Holy Cow!" |
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Dow just crash 113 points in the opening minutes. | ||||
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tanglinboy
Elite |
15-Jul-2008 07:28
Yells: "hello!" |
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Banks batter Wall StreetFears that more banks could follow IndyMac's failure counter relief about the government plan to bolster Fannie Mae and Freddie Mac. NEW YORK (CNNMoney.com) -- The financial sector tumbled Monday, dragging down the broader market, as the IndyMac bank failure countered relief that the government is helping Fannie Mae and Freddie Mac. The Dow Jones industrial average (INDU) lost 0.4% and closed at its lowest point since July 21, 2006. Strength in big consumer names such as Coca-Cola (KO, Fortune 500) and McDonald's (MCD, Fortune 500) tempered the impact of weakness in financials. The Standard & Poor's 500 (SPX) index slipped 0.9% and ended at its lowest point since June 2006. The tech-heavy Nasdaq composite (COMP) shed 1.2% and still held above its March lows. An early rally dissolved as relief about Fannie (FNM, Fortune 500) and Freddie (FRE, Fortune 500) gave way to concerns that more banks would go the way of IndyMac (IMB) - which was taken over by the federal government late Friday. "Depositors may not be making a run on the banks, but investors sure are," said Jeff Kleintop, chief market strategist at LPL Financial Services. He said that with the whole financial sector down sharply Monday, that sector is largely responsible for the market weakness. "Banks are getting hurt on concerns that there could be one or more IndyMac's out there," Kleintop said. Stocks trimmed some losses near the close, before resuming the downward direction. All three major stock gauges are currently in a bear market, defined as a decline of at least 20% off the cyclical highs. Tuesday brings earnings from Dow component Johnson & Johnson (JNJ, Fortune 500) before the start of trade and Intel (INTC, Fortune 500) after the close. Dow component General Motors (GM, Fortune 500) is expected to annouce more restructuring moves Tuesday in response to slowing U.S. sales. Tuesday is a heavy day for economic news, with reports due before the start of trade on retail sales, wholesale inflation and manufacturing in the N.Y. area. After the start of trade, a report is due on business inventories. The IndyMac effect. The mortgage lender reopened Monday under Federal management and a new name, IndyMac Federal Bank. (Full story) National City (NCC, Fortune 500) and Washington Mutual (WM, Fortune 500) were among the companies that got dragged down Monday on fears that they could be next after IndyMac, although analysts say neither bank is on the brink of collapse. Zions Bancorp (ZION) was another big decliner. (Full story). WaMu slid nearly 35% after a Lehman Brothers note said it may need to substantially boost its reserves over the rest of the year to cover home loan losses. Lehman expects the company to post $26 billion in cumulative losses when it reports results next Tuesday - with $21 billion of that from home loans. (Full story) "There's still a lot of nervousness and skittishness out there, with a large population of investors unwilling to commit cash," said Matt King, chief investment officer at Bell Investment Advisors. Stocks tumbled last week, but found a little traction late Friday on talk that the Federal Reserve would open up its discount window to Fannie Mae and Freddie Mac, staving off a potential failure of the two mortgage firms. That talk came to fruition Sunday when the Treasury Department and the Fed announced a plan to support the two mortgage financing firms, which are responsible for about half the nation's home-loan debt. (Full story) Enthusiasm for the plan gave both Fannie and Freddie shares and the broader stock market an early pop, which fizzled as jitters about the health of financial firms overall remained front and center. "The market is digesting what I think are reassuring steps to restore the confidence in Freddie Mac and Fannie Mae," said Jim Hardesty, chief investment officer at Hardesty Capital Management. "But it may take several days or weeks for the market to see its way clear on this." Mortgage rescue plan. The government's plan would give Freddie and Fannie, which hold or guarantee nearly $5 trillion worth of mortgages, a bigger line of credit with the Treasury - and allow the Treasury to buy stock in the firms. The companies can also go to the Federal Reserve Bank of New York for funds, giving them the same access that commercial banks and Wall Street firms have. Freddie (FRE, Fortune 500) shares dipped and Fannie (FNM, Fortune 500) shares declined, giving up early gains. Both stocks lost nearly half their value last week. (Full story) Freddie Mac's sale of $3 billion in short-term debt garnered better-than-expected prices, suggesting the government's rescue plan has given investors some reassurance. Fears about the possible collapse of Freddie and Fannie have shaken markets already battered by the nearly year-old credit market crisis. Should the companies fall apart, that would cause more losses to other companies that have large holdings of mortgage-backed securities. The Federal Reserve approved new mortgage lending rules Monday that are designed to attack shady mortgage practices. (Full story) Bank stocks fell Monday, including Dow components American Express (AXP, Fortune 500), Bank of America (BAC, Fortune 500) and Citigroup (C, Fortune 500). Citigroup is due to release results Friday, while JP Morgan Chase (JPM, Fortune 500) and Merrill Lynch (MER, Fortune 500) are scheduled Thursday. A number of regional banks also report quarterly results this week. (Full story). Fuel prices. U.S. light crude oil for August delivery settled up 10 cents to $145.18 a barrel on the New York Mercantile Exchange. (Full story). The national average price for a gallon of regular unleaded gas rose Monday to an all-time high of $4.109 from $4.096 Friday, according to AAA. (Full story). Merger news. Over the weekend, Anheuser-Busch agreed to InBev's improved $52 billion takeover offer. The combination of the maker of Bud beer and the Belgian beer company will create the world's largest brewer. Also this weekend, Yahoo (YHOO, Fortune 500) spurned an offer from Microsoft (MSFT, Fortune 500) and investor Carl Icahn to buy the company's Internet search unit In other Microsoft news, the company said late Friday that it was cutting the price of its Xbox 360 gaming console and introducing a new model with a bigger hard drive. Early Monday, Waste Management (WMI, Fortune 500) offered to buy Republic Services (RSG) for $34 per share in cash, or around $6.2 billion. Among other movers, Apple (AAPL, Fortune 500) shares gained modestly after the company said it sold one million of the new 3G iPhones in the first weekend. Market breadth was negative. On the New York Stock Exchange, losers topped winners by almost 3 to 1 on volume of 1.41 billion shares. On the Nasdaq, decliners topped advancers by over two to one on volume of 2.07 billion shares. Other markets. In currency trading, the dollar gained versus the euro and slipped against the yen. In the bond market, Treasury prices rallied, lowering the yield on the benchmark 10-year note to 3.86% from 3.95% late Friday. Bond prices and yields move in opposite directions. COMEX gold for August delivery rose $13.10 to settle at $973.70 an ounce.  |
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lookcc
Master |
15-Jul-2008 00:07
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if oil closes below 144.50, even if dow is down 100 pts do not b surprised shud asian markets r in positv territory 2morrow.
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yipyip
Master |
15-Jul-2008 00:07
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WASHINGTON, July 14 (Reuters) - President George W. Bush planned to lift a ban on oil exploration in the Outer Continental Shelf on Monday as part of an effort to ease record high oil prices, the White House said. White House spokeswoman Dana Perino said Bush was acting because the Democratic-led Congress had failed to do so since he urged lawmakers last month to lift restrictions on offshore drilling, a move strongly opposed by environmentalists. Bush was due to announce his decision and make a statement on energy needs at 1:30 p.m. EDT (1730 GMT). High gasoline prices increasingly have irked American consumers in a presidential election year, when Bush's Republicans are trying to keep control of the White House. "In his statement, the president will announce that he has decided to lift the executive ban on oil exploration in America's Outer Continental Shelf," Perino said. "He'll again call on Congress to lift its legislative ban. "It has been nearly a month since the president urged the Congress to act to expand environmentally friendly and responsible exploration for American energy. Congress has not moved forward, despite calls from constituents and the continued pressure of record high energy prices," she said. Perino said Bush originally had wanted to work in concert with Congress. "I think the way we described it was to turn both keys at the same time," she said. "The Democratic leaders in Congress have not shown a willingness to move forward ... So we are going to move forward and, hopefully, that will spur action by the Congress. The ball is squarely in their court now," she added. |
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lookcc
Master |
14-Jul-2008 23:21
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wise position, cash is king n cud stay that way for months.
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idesa168
Elite |
14-Jul-2008 22:54
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Today up and down the same day...+110pt when open and now -8pt! Today is more crazy.
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aleoleo
Master |
14-Jul-2008 22:26
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Think Dj should close positive tonite. Let's wait for the small rally on STI tomorrow morning... cheers guys. | ||||
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williamyeo
Senior |
14-Jul-2008 21:36
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pikachu
Veteran |
14-Jul-2008 21:15
Yells: "Holy Cow!" |
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Dow futures positive. One day up another day down. Crazy global market. |
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idesa168
Elite |
14-Jul-2008 00:49
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My core investment now is with the bank...hehehe...CASH lah! I am into small portion of cash in REITS. REITS has several types: Retails, Industrial & Office properties (is there others I missed out, but I guess it's these 3 main ones). If retail reits like Suntec do not do well, does not mean Industrial properties and office properties will do badly too. They may be dragged down due to sentiments, but will come back again after a few sessions. Yes, agress to Cheongwee that they rely on loans to aquire new properties, but not all reits. Mapletree raise funds by issuing Rights. Hence shareprice dropped from $1.20 to noe 63¢. Longer term I think Mapletree is exciting as they are inventing themself. Rate sensitive applies to all stock counter. Property counters are most vulnerable to interest rate...but on the positive side, I think they can raise rent to recover the lost in interest (can they?). | ||||
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cathylmg
Elite |
14-Jul-2008 00:15
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Thank you for your advice. My exact sentiment actually. I have been staying sideline for month now. Fingers itchy but still in control.
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HLJHLJ
Veteran |
13-Jul-2008 23:36
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Yes you are right. Taking a look a the charts, Reits are also downtrending. Reits are also sensitive to economy. For instance, for Suntec Reit, if economy is weak, incomes will be affected and rental will move down ==> profit drops ==> lower value for reits. Nothing is safe nowadays. Maybe under our pillows is the best...LOL (just a joke).
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