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dealer0168
Elite |
17-Aug-2009 19:10
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Dow future is super bad now. Tomorrow maybe another day of dua laosai loh........... | |||
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aleoleo
Master |
17-Aug-2009 16:29
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Housing hits a bottomHousing starts and sales expected to rise modestly in JulyAfter 14 quarters of declining investment in homes averaging one percentage point of GDP per quarter, residential investments could actually add to the nation's gross domestic product in the third quarter, economists say. No one expects a renewed housing boom. But at least sales and construction spending aren't falling any more. Signs of stabilization abound:
Three of these key housing indicators will be released in the coming week, with the fourth arriving a week later. Economists surveyed by MarketWatch expect all four to continue to rise modestly. |
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des_khor
Supreme |
17-Aug-2009 01:46
Yells: "Tell me who is the God or MFT from this forum??" |
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Possible till 2010 also.
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ragmop15
Member |
17-Aug-2009 01:15
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http://finance.yahoo.com/tech-ticker/article/299205/Bob-Prechter-%22Quite-Sure%22-Next-Wave-Down-Will-Be-Bigger-and-March-Lows-Will-Break In late February, Robert Prechter of Elliott Wave International said "cover your shorts," and predicted a sharp rally that would take the S&P into the 1000 to 1100 range. With that prediction having come to pass, Prechter is now saying investors should "step aside" from long positions, and speculators should "start looking at the short side." "The big question is whether the rally is over," Prechter says, suggesting "countertrend moves can be tricky" to predict. But the veteran market watcher is "quite sure the next wave down is going to be larger than what we've already experienced," and take major averages well below their March 2009 lows. Yes, the late 2007-early 2009 market debacle was just a warm-up to what Prechter believes will be the bear market's main attraction. In this regard, he says the current cycle will echo past post-bubble periods such as America in the 1930s and England in the 1720s, after the bursting of the South Sea bubble. The 2000 market peak market a "major trend change" for the market from a very long-term cycle perspective, and the downside is going to continue to be painful well into the next decade, Prechter says. "The extreme overvaluation, the manic buying and bubbles in the late 1990s [and] mid-2000s are for the history books - they're very large," he says. "The bear market is going to have balance that out with some sort of significant retrenchment." |
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dealer0168
Elite |
16-Aug-2009 11:57
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U.S. Stocks Drop for the First Time in Five Weeks on Valuations By Lynn Thomasson Aug. 15 (Bloomberg) -- U.S. stocks fell for the first time in five weeks as an unexpected drop in consumer confidence fueled concern the steepest rally since the 1930s isn’t justified by economic prospects. Best Buy Co. sank the most in two months, losing 8.3 percent, after Goldman Sachs Group Inc. said increased competition may hurt profits at the world’s largest electronics retailer. Morgan Stanley and Bank of New York Mellon Corp. declined at least 4.5 percent after Dick Bove, an analyst at Rochdale Securities, said financial companies’ earnings won’t improve in the second half of the year. J.C. Penney Co. and Sara Lee Corp. slid more than 9 percent as their earnings forecasts trailed estimates. “What really could cause a pause is investors observing valuations and worrying that stocks could be ahead of themselves,” said Lawrence Creatura, a Rochester, New York- based money manager at Federated Investors Inc., which oversees $407 billion. “The consumer is on his back.” The Standard & Poor’s 500 Index fell 0.6 percent to 1,004.09. The Dow Jones Industrial Average dropped 48.67 points, or 0.5 percent, to 9,321.4. The Nasdaq Composite Index retreated 0.7 percent to 1,985.52. The Russell 2000 Index of small companies lost 1.5 percent to 563.9. ‘Dramatically Overpriced’ U.S. stocks are “dramatically overpriced” because the fallout from the financial crisis will continue to hurt consumer spending, said David Tice, Federated Investors Inc.’s chief portfolio strategist for bear markets. Tice, who spoke in an interview with Bloomberg Television, predicted that the S&P 500 will eventually slump to 400 and said he would add to short positions if the market goes much higher. The 50 percent rebound in the S&P 500 through Aug. 13 from a 12-year low on March 9 pushed the index’s valuation to 18.7 times the profits of its companies, the highest level since December 2004, according to Bloomberg data. The rally was the fastest since at least 1938, according to Bloomberg data. Best Buy tumbled 8.3 percent to $36.44. Goldman Sachs downgraded the retailer to “neutral” from “buy,” citing its “aggressive” spending to fuel growth. A measure of retailers, hotels and restaurants in the S&P 500 dropped 2.6 percent for the steepest decline among the 10 main industries in the index. The group has rallied 20 percent this year. Forecasts Miss Estimates J.C. Penney retreated 9.1 percent to $31.29. The third- largest U.S. department-store chain issued a third-quarter forecast that missed analysts’ estimates amid declining sales. Results in the current quarter may range from a loss of 5 cents a share to a profit of 5 cents, the company said. Analysts had projected a 13-cent profit, the average of estimates compiled by Bloomberg. Sara Lee, the maker of frozen cakes and Jimmy Dean sausages, slid 12 percent to $9.45. Weakening revenue from the company’s household and body-care products drove its 2010 earnings prediction below analysts’ estimates. Confidence among shoppers unexpectedly declined this month amid growing concern over jobs and wages. The Reuters/University of Michigan preliminary index of consumer sentiment decreased to 63.2, the lowest since March, from 66 in July. Economists had forecast it would rise to 69, according to the median projection in a Bloomberg News survey. “There’s some cautiousness about the outlook for the rest of this year and next year,” said John Carey, a Boston-based money manager at Pioneer Investments, which oversees $236.5 billion worldwide. “This spring it seemed that consumer confidence was coming back, and now it seems to be falling off again.” ‘Take Some Profits’ Morgan Stanley slumped 4.6 percent to $29.79. Bank of New York Mellon retreated 5.7 percent to $28.57. The rally that more than doubled the KBW Bank Index since March was driven by a change in attitude and not the near-term earnings outlook, Bove said. “The rational investor would step away from psychology at this point and take some profits,” he wrote in an Aug. 11 research report. Wal-Mart Stores Inc. climbed 5.1 percent, the most since March, to $51.79. The world’s largest retailer reported second- quarter profit that beat analysts’ forecasts after managing inventory to reduce costs. The chain also attracted more customers, helped by price reductions on its Sam’s Choice Black Angus beef patties, baked beans and flat-panel televisions. Target Corp., Home Depot Inc. and Hewlett-Packard Co. are among companies in the S&P 500 scheduled to release results next week. The housing and manufacturing slumps that pushed the U.S. into the worst recession since the 1930s probably eased, economists forecast reports next week will show. |
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risktaker
Supreme |
16-Aug-2009 00:52
Yells: "Sometimes you think you know, but in fact you dont" |
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This is not going to be affecting DJ. Read it and forget about it.
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cheongwee
Elite |
16-Aug-2009 00:15
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I believe this rally may last till mid sept or at best late sept.. just look at dow last friday...1/2 hr before close....high vol buy up...showing ppl are still bullish.. and according to motley it is still under value at PE 18.. next week will be profitable...if BB know how to gauge dow performance...BB know how to see.. i see sti and HSI to cheong on Monday... |
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richtan
Supreme |
15-Aug-2009 23:19
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My advice is only read analyst report on the FA of the counter but dun follow blindly their buy/sell call, dyodd n ownself analyse the chart..
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smartrader
Elite |
15-Aug-2009 22:05
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Any business closures from now is deemed as good ... previously it is known as consolidation.. leave the healthy ones to grow and create more employment... my personal view. |
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cathylmg
Elite |
15-Aug-2009 21:51
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By MARCY GORDON,AP Business Writer AP - Saturday, August 15
WASHINGTON - Regulators on Friday shut down Colonial BancGroup Inc., a big lender in real estate development that buckled under the collapse of the market. It was the biggest U.S. bank to fail this year, with about $25 billion in assets.
Alabama banking regulators closed Montgomery, Ala.-based Colonial and appointed the Federal Deposit Insurance Corp. as receiver. The federal agency approved the sale of Colonial's $20 billion in deposits and about $22 billion of its assets to BB&T Corp. The failed bank's 346 branches in Alabama, Florida, Georgia, Nevada and Texas will reopen at the normal times starting on Saturday as offices of BB&T, the FDIC said. Colonial was a major lender to developers in Florida and Nevada and was hit hard by the collapse of the real estate market in those states. It was the sixth-largest bank to fail in U.S. history. While losses on home mortgages may be leveling off, delinquencies on commercial real estate loans remain a hot spot of potential trouble, experts say. Many regional banks like Colonial hold large numbers of them. BB&T, based in Winston-Salem, N.C., operates throughout the Southeast and is considered among the nation's stronger regional banks. BB&T said the deal, the biggest acquisition in its history, creates the nation's eighth-largest financial holding company by deposits. The move "represents an exciting growth opportunity for BB&T," company CEO Kelly King said in a statement. In addition, the FDIC and BB&T signed an agreement to share losses on about $15 billion of Colonial's loans and other assets. Colonial said early this month there was "substantial doubt" it would be able to continue as a going business, following five straight quarterly losses. In addition to its financial woes, the company has been the subject of federal criminal and civil investigations over alleged accounting irregularities and other issues. Colonial's failure is expected to cost the deposit insurance fund _ which is financed by assessments on U.S. banks _ an estimated $2.8 billion. Colonial was roughly twice the size of BankUnited FSB, a Florida thrift closed in May with $13 billion in assets, though the expected hit to the insurance fund from Colonial is less than that bank's estimated $4.9 billion impact. The costliest failure was the July 2008 seizure of big California lender IndyMac Bank, from which the insurance fund is estimated to have lost $10.7 billion. The biggest U.S. bank failure ever also came last year, though there was no cost to the insurance fund from the collapse of Seattle-based thrift Washington Mutual Inc. in September _ with $307 billion in assets _ because it was acquired whole by JPMorgan Chase & Co. for $1.9 billion. Seventy-seven federally insured banks have failed this year amid rising loan defaults spurred by tumbling home prices and rising unemployment. That compares with 25 last year and three in 2007. The FDIC also announced Friday the closures of Community Bank of Arizona, based in Phoenix; Union Bank, based in Gilbert, Ariz.; Community Bank of Nevada, based in Las Vegas; and Dwelling House Savings and Loan Association, located in Pittsburgh. "The past 18 months have been a very trying period in the financial services arena, but the FDIC and its staff have performed as Congress envisioned when it created the corporation more than 75 years ago," FDIC Chairman Sheila Bair said in a statement. "Today, after protecting almost $300 billion in deposits since the current financial crisis began, the FDIC's guarantee is as certain as ever. Our industry-funded reserves have covered all losses to date." Colonial, founded in 1981 by longtime president and CEO Robert E. Lowder, saw its fortunes crumble over the past two years as its stock price plunged from around $25 in 2007 to less than 50 cents this year. Lowder stepped down in May as new management took control under a plan for a $300 million investment led by Taylor, Bean & Whitaker Mortgage Co. of Ocala, Fla., an investment designed to make Colonial eligible for $550 million in federal bailout funds. But the deal fell through and federal agents raided the Ocala headquarters of Taylor, Bean & Whitaker. Colonial has been under criminal investigation by the Justice Department in connection with alleged accounting irregularities at its division in Orlando, Fla., that provides financing for mortgage lenders, and a civil probe by the Securities and Exchange Commission concerning accounting issues and the bid for federal bailout funds. Late last month, the Alabama regulators ordered the company to submit a plan detailing how it would build up its capital reserves. Also this week, Colonial said in a regulatory filing that it wouldn't be able to file a second-quarter financial report because of the alleged accounting problems. The company said it didn't know at this point how much money it lost in the April-June quarter. Colonial's troubles mounted on Thursday as a federal court in Miami froze $1 billion of its assets in response to a lawsuit filed by Bank of America Corp. The suit said Colonial appeared on the verge of collapsing and an emergency order freezing assets was needed. The suit alleges that Colonial refused to return funds it had held for Charlotte, N.C.-based Bank of America when a mortgage and loan transaction was terminated. ___ Associated Press writer Kendal Weaver in Montgomery, Ala., and AP Business Writer Ieva Augstums in Charlotte, N.C., contributed to this report. |
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iPunter
Supreme |
15-Aug-2009 21:40
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When anlaysts call for buy/sell, there will then be eager buyers/sellers for the goods... For many see analyst as gods...
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risktaker
Supreme |
15-Aug-2009 21:37
Yells: "Sometimes you think you know, but in fact you dont" |
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Yes we are in the middle of Q3 and so far the results & Indicators have proven so far so good from all the figures and indicators. We are looking at a positive growth for Q3. Anyway if you understand economy and researched well. You will have the same conclusion with me. Tony Tan is one very smart man, he also say "Economy has bottomed" and growth are within sight
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smartrader
Elite |
15-Aug-2009 21:28
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We are already in 3Q and into 4Q --- the same recovery theme and high hopes for 2010 (companies refocusing on growth expansion instead of taking defensive approach like cost cutting) will ensure stability 1. US out of recesssion in 3Q 2. Companies results : 3Q09 vs 3Q08 and 3Q09 vs 2Q09 will support recovery theme 3. More countries reporting high GDP growth or emerging out of recession.. Some companies with good results will continue to rise in price amid any market corrections..(barring any major crisis across the globe) |
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ronleech
Master |
15-Aug-2009 15:42
Yells: "Believe in yourself. Ride with the waves......" |
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Something i noticed...when analyst ask to buy, normally that counter would have shot up high high already...and when they call for a sell, that counte rmay have already been sold down to a low low price..... Analyst and history is not always right but they do have their credit...just keep yourself alert | |||
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risktaker
Supreme |
15-Aug-2009 15:39
Yells: "Sometimes you think you know, but in fact you dont" |
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What i see, it is building up a base for further surge :) Once it hit 9500-9600 "provided indicators are going in the right direction", in mid Sept to early Oct might see major correction.
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cheongwee
Elite |
15-Aug-2009 15:27
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cheongwee
Elite |
15-Aug-2009 14:27
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no..no..no..i am still vested...i dont shout fire and get back into the building myself... i am not selfish..and the chart below are not my making..they are fr institution.. and would like to call you to......oh..sorry forget.almost want to make buy call again... not a call to buy...see my tiongwoon, li heng , mermaid, healthyway, ...just some...dyodd..
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risktaker
Supreme |
15-Aug-2009 14:08
Yells: "Sometimes you think you know, but in fact you dont" |
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Let us flash back what is the causes of this economic crisis The crisis can be attributed to a number of factors pervasive in both housing and credit markets, factors which emerged over a number of years. Causes proposed include the inability of homeowners to make their mortgage payments, due primarily to adjustable rate mortgages resetting, borrowers overextending, predatory lending, speculation and overbuilding during the boom period, risky mortgage products, high personal and corporate debt levels, financial products that distributed and perhaps concealed the risk of mortgage default, monetary policy, international trade imbalances, and government regulation (or the lack thereof). Two important catalysts of the subprime crisis were the influx of moneys from the private sector and banks entering into the mortgage bond market and the predatory lending practices of mortgage brokers, specifically the adjustable rate mortgage, 2-28 loan.Ultimately, though, specific to the bailout of Wall Street and the financial industry moral hazard lay at the core of many of the causes. This credit and house price explosion led to a building boom and eventually to a surplus of unsold homes, which caused U.S. housing prices to peak and begin declining in mid-2006.Easy credit, and a belief that house prices would continue to appreciate, had encouraged many subprime borrowers to obtain adjustable-rate mortgages. These mortgages enticed borrowers with a below market interest rate for some predetermined period, followed by market interest rates for the remainder of the mortgage's term. Borrowers who could not make the higher payments once the initial grace period ended would try to refinance their mortgages. Refinancing became more difficult, once house prices began to decline in many parts of the USA. Borrowers who found themselves unable to escape higher monthly payments by refinancing began to default. As more borrowers stop paying their mortgage payments (this is an on-going crisis), foreclosures and the supply of homes for sale increases. This places downward pressure on housing prices, which further lowers homeowners' equity. The decline in mortgage payments also reduces the value of mortgage-backed securities, which erodes the net worth and financial health of banks. This vicious cycle is at the heart of the crisis. In March 2009 we have touched the bottom and gradually things started to turn around. During september - March the economy of US is contracting at a free fall rate, every single economic indicators and market speculation has results some excessive cut of workers from some sectors. At that time, many people cannot really see the light at the end of the tunnel. But now everything from economic indicators and coy earnings have proven the other way round. The US has indeed touched the bottom in march 2009. Stock market is a measurement of company health 6-9 months. We are betting on the future of the company. Last year banking sectors reveal that they lost tremendous amount of money and we have survived the it and the house price has finally started to stablise and raise during june, july. The banking sector due to this has gradually recovered. I agree certain shares are gone up many times but that was the price of what they previously worth. Some went up even higher like for instance wilmar but it has a reason. Economy is OK for now, but you have to pay attention to the key indicators of the economy to see Q3 if it is indeed going to expand or contract. Like i say, somethings when I dump my share i wished the market will crashed and i tell my friend damn the market is looking but in actual fact it is still going up. When your into it you will hope the share will up, when you dumped you hope the share will down. However the stock market will not crashed like in March. There are controlling it now. Q3 will be important. IS the rally be substainable ? Will depending on the indicators from now to september. |
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cheongwee
Elite |
15-Aug-2009 13:15
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I am not a party pooper...to spoil your mood.. but no matter what we are in...definitely it is not over...trllion dollar losses....bank are not ok...how can the economy be ok... |
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cheongwee
Elite |
15-Aug-2009 13:09
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22.30 pm... dow was down 145pts...i bet it u turn to 50 pts...76 pts down at...end of the day....hehehehe lucky to be right... but i thk sti , HSI will cheong come Monday, HK out of recession, next Singapore, next Asean.. Germany and France..out of recession....yes..ride the bull...but late summer all will be over.. Do you all know in 1929...even the President thought the recession was over...he told a group of business in Washington...: Gentlemen, the recession is over, why are you all here to ask for help." truthly, it was over for the next 3 mths with stock rallying 50%...then it is recession again...and depression..last some 10 yrs... during this peroid there was 10 bear rally,,,wiuth each seeing new low... the way down is not a straight line...
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