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bladez87
Master |
04-Nov-2010 06:44
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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waa sian, USD drop again. my genting hk lose forex liao. pls rocket up! dow went to a low of around -50 then rebound back sharply to close at +25. impressive.
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icetomato
Elite |
04-Nov-2010 06:34
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Wah. You all no need to sleep one. | |||||||||
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bladez87
Master |
04-Nov-2010 05:35
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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they break the bail out over a period of time. is it still as good as a lump sum investment? i doubt so. BT what is your view on market performance tmr. the moment i saw 600B,, i sian. start with 75B even sian. they did not mention how long, but 75/mth that would be 8 months. seems like mixed market reaction. even the DJIA recovered but did not close much higher. |
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fools_gold
Senior |
04-Nov-2010 04:27
Yells: "nihil timendum est." |
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Almost as predicted by analysts. Im concerned this news has already been factored in in the current prices.
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BullishTempo
Supreme |
04-Nov-2010 04:19
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To implement the Federal Reserve’s new policy of quantitative easing, the New York Fed plans to buy $850 billion to $900 billion in Treasury notes over the next five months, including $600 billion in new purchases and about $250 billion to $300 billion to reinvest the proceeds of maturing mortgage-backed securities, the New York Fed announced Wednesday |
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BullishTempo
Supreme |
04-Nov-2010 04:16
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The Federal Open Market Committee voted 10-1 to use the credit markets tools. Still, some observers fret that the move will boost asset markets and not the broader economy. The market hasn’t waited for the Fed to act: since Bernanke delivered a speech in late August suggesting the central bank would engage in QE, the S&P 500 stock-market index(SPX 1,198, +4.39, +0.37%) has climbed nearly 14%, and the U.S. dollar index(DXY 76.36, -0.37, -0.48%) , a basket measuring the greenback against leading rivals, dropped 7%. Yields on two-year Treasury notes (UST2YR 0.33, -0.02, -5.69%) fell to 0.35% from 0.52%, indicating growing demand for government bonds. Harvard economics professor Martin Feldstein, in an op-ed in the Financial Times Wednesday, called the Fed’s quantitative easing “a dangerous gamble” with only a small potential upside and substantial risks of creating asset bubbles that could destabilize the global economy. The move may prompt investors to borrow to buy riskier assets that may decline in value once interest rates return to normal levels, he said. Thomas Hoenig, the president of the Kansas City Federal Reserve Bank, dissented for the seventh straight meeting, saying the risks of the new purchases outweighed the benefits. MechanicsTo implement the Federal Reserve’s new policy of quantitative easing, the New York Fed plans to buy $850 billion to $900 billion in Treasury notes over the next five months, including $600 billion in new purchases and about $250 billion to $300 billion to reinvest the proceeds of maturing mortgage-backed securities, the New York Fed announced Wednesday. See text of details of Fed purchases. The average duration of Treasurys purchased by the Fed will be five to six years. Around the eighth day of each month, the Fed will announce the details of that month’s planned purchases. Including the Fed’s reinvestment of maturing MBS, estimated at roughly $35 billion, the central bank said it expects an average purchase pace of roughly $110 billion per month. To provide flexibility, the Fed said it is temporarily relaxing a rule that it holds only 35% of a specific Treasury issue. Greg Robb is a senior reporter for MarketWatch in Washington. |
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BullishTempo
Supreme |
04-Nov-2010 04:13
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THE FED Nov. 3, 2010, 3:19 p.m. EDT Federal Reserve to buy $600 billion in bondsTo start with $75 billion of purchases‹ Previous Column First Take › By Greg Robb, MarketWatch WASHINGTON (MarketWatch) — The Federal Reserve pledged on Wednesday to start a controversial new $600 billion bond-buying spree to rescue the economy from its current doldrums. The Federal Open Market Committee of the central bank said it would buy up to $600 billion in long-term Treasurys until the end of June 2011, including about $75 billion this month, in a strategy called quantitative easing. It also indicated it would spend roughly $35 billion a month reinvesting the proceeds of maturing mortgage-backed securities into government bonds. Fed launches $600 billion stimulus planThe Federal Reserve unveiled a plan to buy $600 billion of U.S. Treasurys to speed up growth in the economy. Jon Hilsenrath, Paul Vigna and Donna Kardos-Yesalavich discuss. This is the second time the Fed has engaged in quantitative easing, as it snapped up $1.7 trillion in mostly housing-related assets between December 2008 and March 2010. The $600 billion purchase plan is slightly above the $500 billion expected by the market. See text of FOMC statement. But the length of the program and the average purchase rate was on the low end of estimates. “They did as little as they could get away with,” said Bill Cheney, John Hancock chief economist, who said he was looking for purchases of about $100 billion per month. Cheney said this might reflect internal Fed politics. Many FOMC members spoke against quantitative easing in the past few weeks. Markets gyrated in the aftermath of the move, with the Dow Jones Industrial Average(DJIA 11,215, +26.41, +0.24%) in positive territory in late afternoon trade. See Market Snapshot. The Fed’s new move comes because the central bank is disappointed with the slow pace of growth and worried that the high 9.6% rate of unemployment might put enough downward pressure on inflation to tip the economy into deflation or a period of a sustained drop in prices. In its statement, the Fed noted that it has a dual mandate from Congress to foster maximum employment and price stability. “Currently, the employment rate is elevated and measures of underlying inflation are somewhat low,” to the levels that the Fed shoots for to meet these goals. The Fed purchases are designed to bring down yields on government bonds believing that lower rates could always give the recovery a boost. More broadly, the Federal Reserve wants to prompt private businesses and investors to begin to act with more confidence and help get the economy’s juices flowing. “They are trying to break through the fear,” said J.P. Morgan Chase economist James Glassman. Doubts persist about whether the plan will work, but many feel the Fed had little choice but to act. The Fed’s favorite policy tool, the target federal funds rate for interbank lending, has been about as low as it can go, in a range between zero and 0.25%, since December 2008. |
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Gaecia
Elite |
04-Nov-2010 02:53
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broad market recovered happy enough at this time. Interestingly, hav a look at the wild swings in precious metals sector within 30 mins of Fed's news, never quite seen something like this before to the ETFs. unbelievable | |||||||||
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cannotfind
Elite |
04-Nov-2010 01:58
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x 0
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AK_Francis
Supreme |
04-Nov-2010 01:43
Yells: "Happy go lucky, cheers." |
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Ha ha, AK apology, just back fr kopitiam happy hr. No stress lah, even EU n DJ plunge. Just relak n sleep cool loh. Cheers. |
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firewood
Master |
03-Nov-2010 23:51
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Europe and dow red. | |||||||||
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watermelon
Veteran |
03-Nov-2010 23:08
Yells: "A bird in the hand is worth two in the bush." |
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x 0 Alert Admin |
Same to you ! Good Nite !
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Noob79
Master |
03-Nov-2010 23:08
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x 0
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MGM the only casino now on fire... the rest in red... | |||||||||
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watermelon
Veteran |
03-Nov-2010 23:02
Yells: "A bird in the hand is worth two in the bush." |
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x 0 Alert Admin |
Good Nite, Sweet Dreams
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iknownothing
Senior |
03-Nov-2010 22:51
Yells: "INCOMING!!!!!" |
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blade, chill the night is still young. go koonz already nid to work early, how i wish i am full time trader cum semi retire now hahahaha
Cheers!
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BullishTempo
Supreme |
03-Nov-2010 22:50
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It will be volatile today. I am sure those trading US market will be filled with excitement and fear today.
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bladez87
Master |
03-Nov-2010 22:46
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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x 0
x 0 Alert Admin |
DJIA PLUNGE! | |||||||||
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icetomato
Elite |
03-Nov-2010 22:46
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x 0
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Ok I will very respect. Please don't let me go through painful lose money lesson. | |||||||||
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iPunter
Supreme |
03-Nov-2010 22:42
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We will only make money when we respect the stock market. |
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BullishTempo
Supreme |
03-Nov-2010 22:38
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I think there is something common to all of us. We all went through the painful lesson of losing money first, before we learnt how to stop losing and make smart investments. The market is our best teacher.
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