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Dow
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billywows
Elite |
19-Mar-2007 23:04
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Dow up 3-D now above 12.2k mark .... Up 106 POINTS! Nasdaq up 25 POINTS! ... Shiok! | |||||
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billywows
Elite |
19-Mar-2007 23:00
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Subprime Woes
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teeth53
Supreme |
19-Mar-2007 22:53
Yells: "don't learn through life, learn to grow with life " |
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billywows
Elite |
19-Mar-2007 22:17
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MARKET SNAPSHOT
NEW YORK (MarketWatch) - U.S. stocks rallied at the open on Monday, getting a lift from strong performances overnight in Asian and European markets as well as from merger news, including talk of a possible merger between Dutch banking group ABN Amro and the U.K.'s Barclays.
In the oil sector, Hercules Offshore Inc agreed to buy Todco for $2.3 billion in cash and stock.
The Dow Jones Industrial Average was up 82 points at 12,193, as 28 of its 30 components were in the green.
The S&P 500 was up 9.7 points at 1,396, while the Nasdaq Composite gained 15 points to 2,388. Caterpillar Inc., Dupont and United Technologies were among the biggest gainers.
Also among blue chips, Walt-Disney Co. rose 1.3%. The company said late Friday a probe into its unit Pixar revealed that options had been backdated but that no one currently associated with the firm had engaged in any intentional or deliberate misconduct.
On Friday stocks closed lower on the day and week, after hopes for a Federal Reserve rate cut were dimmed by news of rising consumer prices in February. The mood should improve on Monday, thanks to an enticing flow of deal news.
"This should be a follow-the-leader day, based on some merger news overseas," said Peter Cardillo, chief analyst at Avalon Partners.
"But the highlight of the week should be the Federal Reserve decision later in the week," Cardillo said. "I am not expecting a change in rates, but I am expecting the rhetoric to be consistent with what the Fed has said in the past."
The Fed decision (FOMC) is due on Wednesday.
In addition, investors took a positive view of China's decision to raise rates over the weekend. The move was seen as a proactive effort to combat inflation, Cardillo said.
At 1 p.m. Eastern the National Association of Homebuilders will release its latest builders' index.
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iPunter
Supreme |
19-Mar-2007 22:05
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"will definitely" ??? | |||||
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singaporegal
Supreme |
19-Mar-2007 21:59
Yells: "Female TA nut" |
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A strong Dow performance tonight will definitely signal better times for the STI tommorow. Today's trading volume was so low... |
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billywows
Elite |
19-Mar-2007 21:39
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WoW! ... Dow up 80 points and Nasdq up 17 points NOW! |
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teeth53
Supreme |
19-Mar-2007 18:08
Yells: "don't learn through life, learn to grow with life " |
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DOW FUTURE - GREEN
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iPunter
Supreme |
19-Mar-2007 01:44
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The Newmoon may trigger a rebound (ie. Dow UP) on Monday. |
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iPunter
Supreme |
17-Mar-2007 09:27
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If one looks at the enlarged... 1-Year DJIA Chart... (a very valuable chart to watch) One can see what appears to be a 'a cute little mini-consolidation pattern' upon a consolidation pattern. It can, only can, [so don't bet your pants on it :) ], suggest a continuation of the primary trend. |
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bsiong
Supreme |
17-Mar-2007 01:53
Yells: "The Greatest Wealth is Health" |
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Greenspan's Subprime Comment Fizzles as Lenders Climb (Update2) By Michael Patterson March 16 (Bloomberg) -- Alan Greenspan, whose comments on recession helped send stock prices reeling two weeks ago, predicted the subprime-mortgage debacle in the U.S. will worsen. Shares of subprime lenders rose. The former Federal Reserve chairman's influence on stock prices was thrown into question -- at least for one day -- as the Standard & Poor's 500 Index rallied after Bear Stearns Cos.' earnings report assuaged concerns that loan delinquencies will drag down profits at financial companies. ``It's definitely true that his influence is waning,'' said Hayes Miller, who helps oversee $38 billion at Baring Asset Management Inc. in Boston. ``He might be over-playing his position in the world, even as an ex Fed chief.'' Greenspan, who left the central bank in 2006 after 18 years as chairman, said yesterday that he expects the fallout from subprime-mortgage defaults to spread to other parts of the economy, especially if home prices decline. The market barely moved, while shares of homebuilders and banks rallied. The S&P 500 was at 1392.09 when Greenspan's comments were reported. After a drop, the index recovered to end the day at 1392.28. Greenspan spoke at a Futures Industry Association meeting in Boca Raton, Florida. `Spillover' ``If prices go down, we will have problems -- problems in the sense of spillover to other areas,'' Greenspan said. While he hasn't seen such spreading yet, ``I expect to.'' Subprime borrowers, or those with poor or limited credit histories, are increasingly defaulting after looser lending standards allowed them to take on more debt than they could afford. Bear Stearns said yesterday that first-quarter profit rose 8 percent as higher revenue from trading derivatives and debt of troubled companies overcame a slowing market for home loans. Financial stocks in the S&P 500 rose 0.9 percent for the third- biggest gain among 10 industry groups. Shares of subprime lenders climbed after General Electric Co.'s commercial-finance division agreed to buy PHH Corp. for $1.8 billion and then sell the company's mortgage unit to Blackstone Group LP. PHH gained $3.29 to $31.10. Accredited Home Lenders Holding Co., a lender to people with poor credit, added $3.39 to $9.43. Accredited Home said today that it agreed to sell $2.7 billion of loans at a ``substantial discount'' to pay bankers who demanded cash to cover the risk of defaults. Today, PHH slipped 9 cents to $31.01 as of 11:07 a.m. in New York. Accredited Home jumped $2.38 to $11.81, while the S&P 500 gauge of financial shares fell 0.1 percent. Global Rout Greenspan told a Hong Kong audience on Feb. 26 that a recession is possible by the end of the year and that slowing growth in profit margins was a sign that the economic expansion might be winding down, according to the Associated Press. His comments came on the eve of a global equity rout that wiped out $3.3 trillion of stock market value. A little more than a year after leaving the central bank, Greenspan is returning to economic forecasting, a role he enjoyed before entering government service in 1974, during the administration of President Gerald R. Ford. In an interview with Bloomberg last week in Washington, Greenspan said he isn't trying to predict specific economic numbers: He's trying to capture the trend and when it might be about to change. Some investors see different motives in the bearish remarks. ``Complicit is too strong a word, but this is a guy who presided over a bubble in the equity markets,'' said Charles White, who helps manage $1.8 billion at ThomasLloyd Asset Management in Pleasantville, New York. ``He was the provider of liquidity to the financial markets, and he took the risk out of people doing these trades.'' To contact the reporter on this story: Michael Patterson in New York at mpatterson10@bloomberg.net . Last Updated: March 16, 2007 11:50 EDT |
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bsiong
Supreme |
16-Mar-2007 23:45
Yells: "The Greatest Wealth is Health" |
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billywows
Elite |
16-Mar-2007 22:19
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singaporegal
Supreme |
16-Mar-2007 21:59
Yells: "Female TA nut" |
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I think that to spark off a rally next week, there has to be some BIG show of bullishness from the Dow. Lacklustre price movements will only serve to reinforce the market sentiment that the bear season has begun. Larry Williams once said that trend is established by big bang type of events. A positive big bang results in a bull run which will continue until a negative big bang occurs. A little like Newton's law of motion - A body in motion tends to stay in motion. |
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billywows
Elite |
16-Mar-2007 21:55
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Recovering .... Dow up 18 points and Nasdq up 2 points. | |||||
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billywows
Elite |
16-Mar-2007 21:42
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U.S. stocks open on the downside
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billywows
Elite |
16-Mar-2007 21:37
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Dow down 17 points and Nasdaq down 5 points ... WASHINGTON (MarketWatch) - U.S. industrial output rebounded in February led by higher utility output because of colder-than-average temperatures.
Industrial output rose 1.0% in February, the biggest gain since November 2005. Capacity utilization rose to 82.0, the highest level since September, the Federal Reserve reported Friday.
All major industry groups except construction supplies recorded production gains in the month.
The increase in output in February was above forecasts. Economists surveyed by MarketWatch expected a 0.6% increase. Capacity utilization was expected to rise to 81.5%.
But economists had expected the rebound because of the cold February weather. In addition, the Institute for Supply Management factory index improved in the month.
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red1721
Senior |
16-Mar-2007 17:59
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STI will be really in the red on monday if DOW falls too badly tonite... | |||||
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teeth53
Supreme |
16-Mar-2007 17:45
Yells: "don't learn through life, learn to grow with life " |
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DOW Pre-mkt how to become green when this greenspan said...... U.S. stocks set for lower open as investors await consumer price report. (more) |
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bsiong
Supreme |
16-Mar-2007 00:49
Yells: "The Greatest Wealth is Health" |
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NEW YORK - Stocks rose tentatively Thursday after the government's gauge of wholesale inflation came in higher than expected, but the job market, corporate takeover activity and overseas stocks showed signs of strength. The Labor Department's Producer Price Index for February jumped by 1.3 percent, above the market estimate of 0.5 percent, amid a big increase in energy prices and the largest rise in food costs in more than three years. Even excluding food and energy prices, the core PPI rose 0.4 percent, double what analysts predicted -- quelling investors' hopes for a interest rate cut by the summer. The Federal Reserve meets next week to decide whether to adjust short-term interest rates. The central bank is widely expected to keep rates on hold, but any statement that indicates that they might raise or lower rates later in the year could move the markets. But not all economic data was negative Thursday; giving stocks a boost, the Labor Department said the number of Americans seeking unemployment benefits fell by 12,000 to 318,000 last week. It was the second straight week of declines, and although the weekly data can swing drastically from week to week, it was still a sign that the job market may be holding steady despite a cooling economy. Also lifting the markets was an unsolicited $9.9 bln all-stock bid by the IntercontinentalExchange Inc. for commodities exchange CBOT Holdings Inc. Despite the cooling economy, merger-and-acquisition activity has been surging, suggesting to some investors that problems in some sectors -- notably the sluggish housing market, struggling auto makers, and hemorrhaging subprime lenders -- haven't seeped into the stronger areas of the economy. In midmorning trading, the Dow Jones industrial average rose 20.67, or 0.17 percent, to 12,154.07. Broader stock indicators were mixed. The Standard & Poor's 500 index gained 4.02, or 0.29 percent, to 1,391.19, and the Nasdaq composite index rose 5.99, or 0.25 percent, to 2,377.73. |
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