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maxsyn
Veteran |
16-Jan-2007 23:30
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catch some air and went below water again |
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giantlow
Master |
16-Jan-2007 23:21
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red meh. i see green leh |
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maxsyn
Veteran |
16-Jan-2007 23:12
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in red now. looks like no fun tonite. zzz...... |
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billywows
Elite |
16-Jan-2007 23:11
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Swing down liao .... Dow down 6 points and Nasdaq down 3 points now. Think it's see-saw nite! |
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billywows
Elite |
16-Jan-2007 23:03
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No more data out tonite. Dow up 11 points and Nasdaq up 2 points now .... FLAT nite. |
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billywows
Elite |
16-Jan-2007 22:33
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US market open FLAT .... Dow up 5 points and Nasdaq up 1 point now. |
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billywows
Elite |
16-Jan-2007 22:19
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MARKET SNAPSHOT The market was closed on Monday for the Martin Luther King holiday.
Futures for the Dow Jones Industrial Average were down 1 point to 12,625, while those for the S&P 500 index were down 0.30 points to 1,440.
Nasdaq 100 futures were down 1.25 points to 1,861.
Among blue chips, General Electric Co. was in focus after it agreed to pay $4.8 billion to acquire the aerospace business of Britain's Smiths Group, and also agreed to a joint venture with Smiths in the area of detection.
Pfizer Inc. is expected to attract attention after the Wall Street Journal reported that Chief Executive Jeffrey Kindler is close to announcing several thousand job cuts.
Futures turned weaker after news that manufacturing activity was much weaker than expected in January, reviving concerns about economic growth.
Ahead of the report, indications were for a higher opening amid optimism for the fourth-quarter earnings season.
"We've seen a few early earnings reports supportive of higher prices, but this week will give investors a broader glimpse into the first quarter," said Marc Pado, market strategist at Cantor Fitzgerald.
Among key reports Tuesday morning, Wells Fargo & Co. posted in-line results for the fourth-quarter, while U.S. Bancorp's results fell short of analysts expectations.
Financial shares, which tend to lead the broad market, will be in focus this week with reports due from heavyweights JP Morgan Chase & Co. and Merrill Lynch Co. Inc.
Investors will also pay particular attention to Intel Corp., which reports results after the close on Tuesday.
Technology shares have been leading the charge since the start of the year and the tech sector is led by chip makers, such as giant Intel. Last week, fellow chip-maker Advanced Micro Devices Inc. dipped nearly 10% after it warned that lower selling price have hurt results.
"Financials and technology will be key to keeping the bulls running," Pado said.
A sharp decline in crude oil prices last week helped fuel a continued shift out of commodities and into tech shares.
On Tuesday, crude oil prices were again waning, with a barrel recently losing 71 cents, or 1.3%, to $52.28.
The U.S. dollar also fell against the euro, after the weak New York manufacturing report while a German investor sentiment was stronger-than-forecast.
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iPunter
Supreme |
16-Jan-2007 21:43
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Wow!!! So much RED all over.... sure to frighten all the market ghosts away... Hope the Dow closes flat tonight... Then our market will not chiong too fiercely tomorrow. Overchiong is also unhealthy cos it overheats. |
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billywows
Elite |
16-Jan-2007 21:39
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US market was poised to open slightly higher before below data just out .... Red opening for sure, but Intel's Q4 earning out today. -------------- ------------ |
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Livermore
Master |
16-Jan-2007 21:07
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Business Times 16 January2007 - Asia in for bumpier ride this year The Asian economies could be in for something of a rough ride this year, says Deutsche Bank's Asia chief economist, Michael Spencer. But Spencer expects this to be just temporary. If companies share the bank's optimism about medium-term prospects and fuel an investment boom, the global economy will enjoy an upswing in growth in 2008 and 2009. The German bank is looking at weaker grwoth in the US and in the euro region, forecasting just 1.7% for each this year. Dr Spencer is looking at US interest rate cuts of 100 basis points this year. The consensus view about the major economies puttering along with no action by central banks is "a very uninteresting and unlikely forecast". The impact of US housing recession is just beginning and the slowdown will hit employment, residential investment and constrcution for at least 12 - 18 months Growth in the export driven Asain countries will likely fall below trend this year, "much weaker" than people are expecting. In fact, US interest rate cuts this year as projected by DB, will drive rates down in Asia as well. That along with recovery in Japan and Europe, will set the stage for recovery across Asia in 2008 and 2009. We will be entering a global upswing in growth with again low interest rate and strong balance sheets in Asia. Corporrates in Asia have repaid a lot of debt, banks generally continue to bring non-performing loans down, so Spencer thinks we are setting the stage for a genuine investment cycle in Asia that we have not seen in 10 -12 years. It pays to hold onto to your investments in emerging markets for the long term. |
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shplayer
Elite |
16-Jan-2007 17:32
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European stocks looks like Tanglinboy's Chinese Essay marks again. Not good for Dow. |
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billywows
Elite |
15-Jan-2007 23:36
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Why holiday in US today? ATLANTA - The eldest daughter of Martin Luther King Jr. and Coretta Scott King evoked the civil rights movement while reminding those remembering her parents that America has not yet reached the promised land of peace and racial equality. This year's holiday comes on the day Martin Luther King Jr. would have turned 78. King was assassinated while standing on the balcony of a hotel in Memphis, Tenn., on April 4, 1968. His confessed killer, James Earl Ray, was arrested two months later in London. Coretta Scott King died last year on Jan. 31 at age 78. An activist in her own right, she also fought to shape and preserve her husband's legacy after his death. Shortly after his death, she founded what would become the Martin Luther King Jr. Center for Nonviolent Social Change. For years, she worked to establish Jan. 15 as a federal holiday, which became a reality in 1986. -------------- |
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billywows
Elite |
15-Jan-2007 23:31
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Thanks for the rose, Elf! ... I will 'write' you one too on 14th Feb next month ya. :P |
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elfinchilde
Elite |
15-Jan-2007 23:14
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here, billywows: @)----)---- *elf holds out a flower just for youuuuu!* hehe. ok must go zzz. nites! :) |
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billywows
Elite |
15-Jan-2007 23:00
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Haahaa! NITEZZ, Elf ... |
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elfinchilde
Elite |
15-Jan-2007 22:57
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yah. no colour. no fun. haha. pls do post the data as it comes yeah. nites! i so can't survive regular working hours. sigh. zzz. |
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billywows
Elite |
15-Jan-2007 21:57
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Yalor, iPunter .... What a boring nite with US market closed. |
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iPunter
Supreme |
15-Jan-2007 21:08
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Recap for a dull night... |
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billywows
Elite |
15-Jan-2007 00:38
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TheStreet.com Staff Reporter 1/14/2007 10:04 AM EST The coming week may be holiday-shortened, but it is jam-packed with earnings and economic data. The stock and bond markets will be closed on Monday to commemorate Martin Luther King Jr. Day. "What's the most important bit of information next week? All of it!" says Robert Pavlik, chief investment officer at Oaktree Asset Management. The fourth-quarter earnings reporting season will begin to heat up, with some of the biggest companies in the S&P 500 releasing their results and perhaps providing a peek at 2007 expectations. Elsewhere, speeches by several top Federal Reserve members may provide clues into their interest rate-thinking and ease recent market uncertainty. The government's consumer price and producer price index reports, meanwhile, will directly speak to inflation. The manufacturing slowdown will be addressed by regional manufacturing reports, as well as industrial production and capacity utilization releases. And housing-start and building-permit figures will shed light on the status of the troubled housing market. "There are no bears in the forest right now, so next week's data will either let the bulls push through the top and squeeze the shorts out of their minds and money, or it will give the bears some confidence to start a correction," says Paul Mendelsohn, chief investment strategist at Windham Financial. -------------- |
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maxsyn
Veteran |
14-Jan-2007 22:20
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help to propel asia markets up further.... |
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