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lookcc
Master |
28-Feb-2007 23:20
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dow up 52, nsdp up 3 @ 1119 |
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xoefxoef
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28-Feb-2007 23:10
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new home sales down 16.6% weak Chicago PMI release. The headline came into at 47.9 for February vs 48.8 in January. This is the lowest level since October 2002 highlighting the US recession risk. |
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xoefxoef
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28-Feb-2007 22:34
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Nasdaq higher 0.3% at 2,414 |
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xoefxoef
Member |
28-Feb-2007 22:31
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US markets open DOW + 0.2% |
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billywows
Elite |
28-Feb-2007 19:11
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Let's see how US market performs tonite. Data to be out are: 2130hrs: Gross domestic product 2245hrs: Chicago PMI 2300hrs: New home sales 2330hrs: Energy Dept. oil stocks ------------------------ LONDON (MarketWatch) -- U.S. stocks were poised to claw back a quarter of Tuesday's massive losses, buoyed by a partial recovery in Shanghai.
S&P 500 futures rose 13.1 points at 1,408.70 and Nasdaq 100 futures climbed 17 points to 1,767.50. Dow industrial futures rose 100 points.
U.S. stock markets suffered its worst one-day plunge since 2001 on Tuesday, with a sell-off of Chinese stocks blamed for igniting broader concerns about a range of items, from a surprisingly strong stock market gains in early 2007, difficulties in the subprime mortgage market, a lackluster U.S. manufacturing sector, growing tensions between Iran and the West, and an assassination attempt on Vice President Dick Cheney in Afghanistan.
The Dow industrials fell 415 points, the Nasdaq Composite lost 96 points and the S&P 500 dropped 30 points. The VIX, a gauge of market volatility, spiked 64%, hurting many who had bet on low volatility.
Bears won't have China to blame on Wednesday, at least, with the Shanghai Composite rallying 3.9% on reports the Chinese government won't tax stock-market gains. Other markets in Asia, notably the Nikkei 225 in Tokyo, weren't as strong, with the main Japanese index dropping 2.9% and the Hang Seng losing 2.5% in Hong Kong.
Stocks in Europe also were down sharply on Wednesday, though off the morning's lows. The FTSE 100 fell 1% in London, and the Dow Jones Euro Stoxx 50 volatility index jumped 35%.
There's a host of economic data due out, including an expected downward revision to fourth-quarter GDP, which is due out at 8:30 a.m. (2130hrs) Eastern. Economists polled by MarketWatch expect GDP to be revised down to 2% from 3.5%.
The Chicago purchasing manager index for February, and January new-home sales figures also will be released.
Federal Reserve Chairman Ben Bernanke is due to speak to the House about long-term fiscal challenges; two weeks ago, he told the Senate it was a big problem but he wouldn't tell Congress how it should act.
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billywows
Elite |
28-Feb-2007 07:40
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MARKET SNAPSHOT
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gho485
Senior |
28-Feb-2007 07:00
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Today is going to be a blood shed day.....Sigh. |
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jackjames
Elite |
28-Feb-2007 06:23
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today is share buy back time, ekkekekekkeke...... i wish DOW drops for another week, i want to see black market happening man.. |
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cashiertan
Elite |
28-Feb-2007 04:11
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wow dow drop 4%.. lucky sold my shares all today... |
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marky27
Member |
28-Feb-2007 00:50
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Dow 139.15 |
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elfinchilde
Elite |
28-Feb-2007 00:47
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sti likely down tmrw too. money appears to be going into gold. and prepping for oil. if so, expect emerging markets to crash. DBSVB call: support for STI at 3215. If fall below 3193, it negates the rising trend. sorry for posting on dow thread; indices are all linked to me.... |
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billywows
Elite |
28-Feb-2007 00:27
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Ah ....... Dow down 150 points and Nasdaq down 45 points now! Oink Piggy Year! DOW NASDAQ ------------------------ |
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iqeqaqcq
Member |
28-Feb-2007 00:03
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drop 144 points now. |
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billywows
Elite |
27-Feb-2007 23:59
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xoefxoef
Member |
27-Feb-2007 23:49
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Dow & NASDAQ recovering: DOW - 1.08% / NASDAQ - 1.5% Not so bad after all. In mature markets like US and Europe market will not crash with more then 5% without reason. Time to get out of emrging markets like China/India. |
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billywows
Elite |
27-Feb-2007 23:40
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HeeHee!! Good positive note of yours, Xoefxoef ... "Better-than-expected existing homes sales and a rise in consumer confidence, helped put a somewhat of a floor under stocks. But the data's influence was countered by a steeper-than-expected drop in durable goods orders in January, which also fueled growth concerns.
On Wednesday, investors are bracing for the revision to the fourth-quarter GDP, which is expected to show growth revised down to 2% from 3.5% previously. " |
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lookcc
Master |
27-Feb-2007 23:40
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my hope too, hopefully not hoping against hope. |
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xoefxoef
Member |
27-Feb-2007 23:35
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This should help the US markets keeping the losses within 1.5% Perhaps recovery towards the end. Tomorrow investors may shift from China to more established Singapore Markets. Shiok STI on the way to 3,400 points |
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xoefxoef
Member |
27-Feb-2007 23:33
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Boston, February 27. After a gusher of bad news for the USD in recent days, a few drips of optimism have hit the market with the release of strong existing home sales and a 5 1/2 high in US consumer confidence. |
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billywows
Elite |
27-Feb-2007 23:31
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MARKET SNAPSHOT
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