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Pinnacle
Master

02-Oct-2007 10:06

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US stocks rose on Monday, sending the Dow to a record close on the first trading day of the fourth quarter, as investors bet that Wall Street may have seen the worst of the credit squeeze after three global banks detailed expected losses from the crisis.

Former Federal Reserve chief Alan Greenspan said at a Reuters event in London that there were signs the lending crisis could be coming to end as demand for more risky assets grows. He warned, however, that any speculative market fever must be allowed to run its course to enable a full recovery.

The Dow Jones industrial average finished up 191.92 points, or 1.38 percent, at 14,087.55. During the session, it surged to an all-time high of 14,115.51. The Standard & Poor's 500 Index gained 20.28 points, or 1.33 percent, to end at 1,547.03. The Nasdaq Composite Index closed up 39.49 points, or 1.46 percent, at 2,740.99.

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mirage
Veteran

02-Oct-2007 08:45

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Market Overview

Market Summary USAAMERICASEUROPEASIACURRENCIES

Major Market Indexes
Industry Indexes
International Indexes
Sector Performance
Rates

DJIA	14,087.55	+191.92	+1.38%

Nasdaq	2,740.99	+39.49	+1.46%

S&P 500	1,547.04	+20.29	+1.33%

Dow Util	508.81	+7.27	+1.45%

NYSE	10,184.50	+145.22	+1.45%

AMEX	2,410.47	+0.28	+0.01%

Russell 2000	824.74	+19.29	+2.39%

Semcond	506.02	+5.93	+1.19%

Gold future	754.10	+4.10	+0.55%

30-Year Bond	4.80%	-0.04	-0.72%

10-Year Bond	4.56%	-0.02	-0.48%

Market Diaries

Issues:	NYSE	Nasdaq

Advancing	2,508	2,135

Declining	792	855

Unchanged	79	110

Total:	3,379	3,100

Issues at:

52-Week High	212	127

52-Week Low	9	36

Volume:

Advancing	1,142,059,000	1,492,774,000

Declining	271,185,000	445,941,000

Unchanged	7,069,000	21,886,000

Total:	1,420,313,000	1,960,601,000

10/1/2007 7:59:00 PM

Market Screener NYSENASDAQAMEXOTC

Most Active by Volume on 10/1/2007
Symbol	Last	Change	Volume

IWM	82.01	+1.990	98.83M

WAG	40.16	-7.080	67.45M

C	47.72	+1.050	56.77M

F	8.23	-0.260	55.59M

CVS	37.15	-2.480	54.98M

GE	42.02	+0.620	49.99M

EMC	20.81	+0.010	37.39M

SLR	3.87	-0.030	33.60M

PFE	24.85	+0.420	31.56M

GM	36.05	-0.650	30.14M

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Maniam
Member

02-Oct-2007 03:16

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I am sorry to be a party pooper....but i have a bad feeling that thing may not be so rosy as we see it....there are no way the dow will soar with a weaken dollars, high oil px..and those credit crunch still lingering.

Than again..who are we to have a say...if ppl want to buy..can we say no...you are all wrong...afterall it is their money..

What I am suggesting is..this is some BBB games...we better trade with care...play along..but it will be a "sell to rally and trading market rather than buy on dip" mentality...at least till end oct..to have a clearer picture..

Let's party for the moment....hope u guy...esp shplayer make more $$$...wish all of you the best..good luck.

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billywows
Elite

02-Oct-2007 00:08

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Dow at RECORD high!!!! Nasdaq at 52-week high .... Shiok for STI tomorrow (or rather today!)

http://www.marketwatch.com/news/story/market-snapshot-us-stocks-kick/story.aspx?guid=%7B741B8C00%2DD14D%2D4C57%2D9A28%2DEF160D46C0C1%7D&dist=hplatest

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Manikamaniko.
Master

02-Oct-2007 00:08

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TanglinBoy... :)

You've replaced Billywows as the one to dish out the Dow goodies?... hehehe... Smiley

By the way I think we all miss him...

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CWQuah
Master

01-Oct-2007 23:56

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I think it will attempt to test 14020. The peak should be seen by the 2nd week of Oct 07, perhaps somewhere around 14200-14300. Need to see how DJ turns out for the rest of the week.

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tanglinboy
Elite

01-Oct-2007 22:11

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Ho say liao! Dow up 100 plus points now!

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tanglinboy
Elite

30-Sep-2007 10:43

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Investors to Fed: Thanks for nothing

The reckless are getting relief from Bernanke while the prudent are paying the price, argues Fortune's Allan Sloan.

By Allan Sloan, Fortune senior-editor-at-large

September 28 2007: 2:27 PM EDT

(Fortune Magazine) -- One of the core principles of the U.S. medical profession is the Hippocratic oath, the most famous part of which is "Do no harm." It's too bad that the governors of the Federal Reserve Board don't have to take such a pledge when they assume office, because their recent interest rate cut has done a lot of harm to those of us who've managed our finances prudently.

Even though the Fed's stated reason for cutting short-term interest rates by half a point was to help keep the economy from falling into recession, anyone who's been paying attention knows that a major motivation - if not the major motivation - was to try to calm the turbulence that has been roiling the markets since August.

The players in the biggest trouble, of course, were the ones who'd taken the biggest fliers in junk mortgages, ultra-risky leveraged buyouts, and other financial esoterica that proved to be malignant.

The stock market, which had been begging for a bailout and hasn't ever seen an interest rate cut that it didn't like, responded to the Fed's half-pointer by running prices up. Ben Bernanke, the Street decided, is just what the doctor ordered.

Did the Fed go too far?

However, if you look at the financial markets' overall reaction to the Fed move - not at just the stock market's reaction - you realize that as a result of the cut, those of us who keep score in dollars and didn't need to be bailed out are less wealthy than we were in terms of anything other than our home currency.

Why? Because the rate cut contributed heavily to the dollar's recent sharp drop in the currency markets - parity with the Canadian dollar, for God's sake! - and to the price spike in hard assets like gold, silver, copper, and oil. So our wealth, relative to these other things, has diminished.

And wait, there's more. Even though the Fed has cut short-term rates, long-term rates, which it doesn't control, have risen in reaction to the cut. So whatever economic benefits may flow from lower shortterm rates will be partly offset by the rise in long rates, which are at least as important to the economy as short rates.

Finally, consider this. Even though Bernanke's cut may mean that some junk mortgages will reset at lower rates, the cost of large, high-quality fixed-rate mortgages, which are tied to long rates, will be higher than they'd otherwise be. (Yeah, penalize the people who are prudent - way to go!)

When I talk about prudent people being penalized, I don't mean just the decline in their wealth in terms of anything other than the dollar. I'm also talking about the price paid by investors who wouldn't play the subprime mortgage game and thus got lower returns than players who took bigger risks.

The folks who didn't get carried away (and avoided huge losses) look smart today - but they looked prudish and foolish until the housing bubble finally popped.

Welcome to Bailout City!

Look, as I've said before - and will probably say again - the Fed's job is to protect the financial system. It doesn't dare let a giant financial institution fail, lest it drag down other big players and trigger cascading failures.

But if we taxpayers are going to bail out the likes of Countrywide Financial (Charts, Fortune 500), even indirectly, I'd like us to get a market return on our money. That would reward us for the risk we're taking and seriously penalize companies that so overindulge that they need Dr. Ben's Magical Money Elixir.

Let's get the Treasury to negotiate deals like Bank of America's (Charts, Fortune 500) with Countrywide in August, when the bank put up $2 billion and got a high current coupon and a below-market conversion option.

The Treasury could do what it did years ago with Chrysler and get stock-purchase warrants in return for guaranteeing loans to companies that we can't afford to let fail. The idea would be to reward U.S. taxpayers and send a message to gunslingers without risking a worldwide financial collapse.

This different way of thinking won't cure Wall Street of its "heads I win, tails I get bailed out" syndrome - but it will reduce the number of bailouts and mitigate the harm they now do to those of us who haven't overreached. If Hippocrates were in the investment business, I'm sure he'd totally approve.

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CWQuah
Master

28-Sep-2007 23:25

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Looks like DJIA will just dawdle between 13920 and 13877 (technically important levels).

My guess - close around 13870. If sentiment worsens faster plus profit taking on Fri, next support at 13846-50, if not, 13820.

On Monday, likely support is around 13700.

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tanglinboy
Elite

28-Sep-2007 20:54

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Wall Street on economic watch

Futures point to tough start ahead of release of closely watched inflation reading, consumer sentiment index.

September 28 2007: 8:06 AM EDT

NEW YORK (CNNMoney.com) -- U.S. stock futures were weaker Friday as investors expressed nervousness ahead of a barrage of economic reports that could fan inflation and recession fears.

At 8:05 a.m. ET, futures were lower and suggesting a negative start for Wall Street. Stocks have been on a run lately, fueled by the Federal Reserve's decision to slash rates last week.

But there are concerns that the central bank may not keep lowering rates if inflation flares up. Investors will get a closer look at the inflation situation when the government releases a report on personal income and spending - which includes a key inflation reading known as the PCE deflator.

They'll also take in a number of readings on the health of the economy, including the consumer sentiment index from the University of Michigan, along with a reading on construction spending and the Chicago PMI, a regional manufacturing report.

Investors have cheered weak economic reports lately, taking them to be a sign that the Fed will keep lowering rates to juice growth. But signs of a significant slowing in the economy - especially a pullback among consumers - could raise recession fears and dampen sentiment.

David Kelly, economic adviser for Putnam Investments, said he things that investors are already looking past Friday's economic numbers to the September employment report due Oct. 5, and that is the biggest overhang on futures. The August report showed the first decline in U.S. payrolls in four years, and while economists are now forecasting a 100,000-job gain for September, Kelly said there could be another unexpected decline in this report.

"There's a lot of nervousness around it. It's probably the single biggest danager to the economy," said Kelly.

He said that the reduced risk of inflation seen in recent readings makes the core PCE deflator somewhat less important to markets than the strength of consumer spending in Friday's economic report.

In global trade, Asian markets finished mixed, while European stocks struggled to find direction in morning trading. The dollar was once again lower against the euro and the yen in early trading.

In corporate news, Wall Street investment banks including Citigroup (Charts, Fortune 500) and Credit Suisse (Charts) sold$9.4 billion in loans that will be used in the leveraged buyout of First Data Corp., according to a report in the Wall Street Journal. The sale of that debt was being closely watched as a sign of credit markets returning to normal.

Ford Motor (Charts, Fortune 500) may seek deeper cost cuts from the United Auto Workers union than those that the union granted to rival General Motors (Charts, Fortune 500) this week in the deal that ended a two-day strike, according to a report in the Detroit News. The paper said that executives at Ford, which is losing more money on its North American operations than either GM or Chrysler LLC, needs deeper cuts in labor costs to be competitive.

The union may resume contract talks with Ford and Chrysler on Monday, according to a report in the Detroit Free Press. The UAW is due to start laying out details of the tentative agreement reached with GM to local union officials Friday ahead of the start of the rank and file ratification process that starts this weekend.

Shares of both GM and Ford were lower in Frankfurt trading early Friday.

Oil prices turned higher Friday after being down in earlier trading. A barrel of U.S. light sweet crude gained 5 cents to $82.93

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mirage
Veteran

28-Sep-2007 13:59

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Tonight is the last trading day of the 3rd Quarter, will DOW break the 14,000 mark again tonight?

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mirage
Veteran

28-Sep-2007 08:48

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Market Overview

Market Summary USAAMERICASEUROPEASIACURRENCIES

Major Market Indexes
Industry Indexes
International Indexes
Sector Performance
Rates

DJIA	13,912.94	+34.79	+0.25%

Nasdaq	2,709.59	+10.56	+0.39%

S&P 500	1,531.38	+5.96	+0.39%

Dow Util	508.57	-3.47	-0.68%

NYSE	10,056.95	+76.83	+0.77%

AMEX	2,411.40	+13.11	+0.55%

Russell 2000	814.01	+4.89	+0.60%

Semcond	498.89	+3.23	+0.65%

Gold future	739.90	+4.40	+0.60%

30-Year Bond	4.84%	-0.06	-1.14%

10-Year Bond	4.57%	-0.05	-1.02%

Market Diaries

Issues:	NYSE	Nasdaq

Advancing	2,206	1,737

Declining	1,080	1,231

Unchanged	100	117

Total:	3,386	3,085

Issues at:

52-Week High	123	80

52-Week Low	25	40

Volume:

Advancing	773,749,000	1,024,831,000

Declining	392,153,000	686,315,000

Unchanged	14,838,000	57,094,000

Total:	1,180,740,000	1,768,240,000

9/27/2007 7:59:00 PM

Market Screener NYSENASDAQAMEXOTC

Most Active by Volume on 9/27/2007
Symbol	Last	Change	Volume

IWM	81.00	+0.450	63.25M

F	8.63	-0.250	51.54M

EMC	20.55	-0.110	30.36M

PFE	24.75	+0.170	29.98M

AMD	13.28	-0.470	29.04M

RAD	4.84	-0.210	28.85M

MU	11.36	+0.610	27.83M

C	46.88	+0.330	27.14M

EWJ	14.35	+0.320	26.52M

GM	36.46	-1.180	25.29M

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CWQuah
Master

27-Sep-2007 08:31

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DJIA really tested the 13875 upper mark to close at 13878. May test the 13940 +/-3 pts mark tonight.

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Maniam
Member

27-Sep-2007 03:24

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And also this one for your reading and mulling..

http://www.moneyandmarkets.com/press.asp?rls_id=960&cat_id=6&

wish for the best...

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Maniam
Member

27-Sep-2007 03:17

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Hey sorry...i am formally log in as cheongwee,but unable to log on so register again as maniam..doesnt matter..who..my stlyle is the same..

Mw read this...http://www.moneyandmarkets.com/press.asp?rls_id=958&cat_id=6&

So actullay the dow is as good as before the rate cut ...that is no rally...due to the $ depreciate by some 2.5%..

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Maniam
Member

27-Sep-2007 02:50

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Hey guy..just to share with u...i f u buy gold..try averaging..buy alittle mth to mth...i believe u got chance to buy at below $700..correction maybe due..

With the fed not longer defending the dollar.they just buy time off...and later that more $ they pump into the system will return as high inflation later...they are onli interested to save the housing and bank...high inflation is no good for stock..

It really does not make sense that the market rally and we are 100 over pts to all time high again..with a weak dollar ard 78.3XX..0.2XX to all time hiostorical low of 78.19!!!a record high oil px...and this Bush look likely to attack Iran...we should trade with an eye on all these....take care...and good luck.

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TuaPekGong9413
Elite

26-Sep-2007 22:30

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might hit this wk high tonite but still low as compared to last tuesday nite

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CWQuah
Master

26-Sep-2007 22:20

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DJIA will be testing the 13865-13875 zone soon - this will be critical.

13760 followed by 13695-13700 will be the key supports.

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singaporegal
Supreme

26-Sep-2007 22:03

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Dow opens green.

Wall St. pushes ahead in early trade

U.S. stocks slightly higher after GM reaches contract agreement with workers.

September 26 2007: 9:32 AM EDT

NEW YORK (CNNMoney.com) -- U.S. stocks edged higher at Wednesday's open after General Motors reached a tentative contract agreement with striking workers.

The Dow Jones industrial average was 0.2 percent higher. The Nasdaq composite index gained 0.5 percent. The Standard & Poor's 500 index advanced 0.2 percent.

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CWQuah
Master

26-Sep-2007 11:07

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DJIA looks slightly bearish. Immediate support at 13695.

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