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mirage
Veteran |
26-Sep-2007 09:58
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NEW YORK (MarketWatch) -- U.S. stocks finished mixed to higher Tuesday with the Nasdaq leading tech-fueled gains, but with some weakness seen in the broad market after reduced sales forecasts from two major retailers and better-than-expected existing home sales for August.
"There continues to be an ongoing bid in this market on the belief that the worst of the crunch in the credit markets may be behind us," said Mike Malone, trading analyst at Cowen & Co.
The Dow Jones Industrial Average ($INDU:
Dow Jones Industrial Average
Last: 13,778.65+19.59+0.14%
4:30pm 09/25/2007 Delayed quote data Sponsored by: Microsoft Corp. (MSFT:
Microsoft Corporation
Last: 29.56+0.48+1.65%
8:00pm 09/25/2007 Delayed quote data Sponsored by: Home Depot Inc. (HD:
Home Depot, Inc
Last: 33.08-0.80-2.36%
8:11pm 09/25/2007 Delayed quote data Sponsored by: Wal-Mart Stores, Inc
Last: 43.16-0.81-1.84%
8:00pm 09/25/2007 Delayed quote data Sponsored by: The S&P 500 Index ($SPX:
S&P 500 Index
Last: 1,517.21-0.52-0.03%
4:59pm 09/25/2007 Delayed quote data Sponsored by: Bucking the trend was the Nasdaq Composite Index (COMP:
Nasdaq Composite Index
Last: 2,683.45+15.50+0.58%
5:17pm 09/25/2007 Delayed quote data Sponsored by: Apple Inc
Last: 153.18+4.90+3.30%
8:00pm 09/25/2007 Delayed quote data Sponsored by: At the New York Stock Exchange, nearly 1.3 billion shares were exchanged, with declining stocks topping advancers about 10 to 7. At the Nasdaq, more than 1.8 billion shares traded, and declining issues ran ahead of advancers 4 to 3.
For sale signs
The National Association of Realtors reported the sales of existing homes fell 4.3% to a seasonally adjusted annual rate of 5.50 million in August, the lowest in five years. Yet the figure topped expectations calling for a 5.49 million count. Read Economic Report.
The data also were being viewed in context of the ongoing debate over whether the Federal Reserve would follow last Tuesday's half-percentage point cut in its target interest rate with another such move, when central bankers hold their next policy meeting.
"The question is whether demand will recover relatively quickly as liquidity returns to the mortgage market, or will potential buyers remain on the sidelines. Neither the August nor the September data will speak to that question, which is one reason why we think that the Fed will ease again on Oct. 31," wrote Stephen Stanley, chief economist, RBS Greenwich Capital.
"The future of housing is still very much in doubt. The market's view today is that this will depress the other parts of the U.S. economy and the Fed will be forced to act again," said Kevin Giddis, managing director, fixed income, Morgan Keegan & Co. Inc.
In another signal of trouble in the housing sector, Standard & Poor's reported the Case-Shiller home-price index for 20 major cities fell 0.4% in July and is now down 3.9% in the past year. Read more.
At the same time, the Conference Board released its survey of consumer confidence for September, with the measure sliding to a near two-year low of 99.8 in September from a revised 105.6 in August. The gauge came in under expectations of 104.5. See full story.
"The weaker than expected consumer-confidence number was offset by slightly better than expected existing-home sales," said Malone of the market's reaction to the mixed data.
Active issues
Miami-based home builder Lennar Corp. (LEN:
Lennar Corporation
Last: 23.22-0.96-3.97%
8:14pm 09/25/2007 Delayed quote data Sponsored by: Target Corp. (TGT:
target corp com
Last: 61.35-2.95-4.59%
8:20pm 09/25/2007 Delayed quote data Sponsored by: |
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scotty
Senior |
24-Sep-2007 21:34
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What's happening on Tuesday and Thursday night? |
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paperless
Senior |
24-Sep-2007 17:26
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tonite still ok, but be with nightmares on tue & thu nite. |
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tanglinboy
Elite |
24-Sep-2007 16:56
Yells: "hello!" |
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How will the Dow do tonight?? |
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cheongwee
Elite |
23-Sep-2007 18:15
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Go to this site...for the forum...but becos they all American..i sometimes hardly understand their posting..i means what they trying to get across....other than that it is very informative...i do not know your opinion....anyway here it is,, http://www.kitco.com/index.html As of current,i am confident with gold...but not 2000...way back ppl will laugh at you and say stock is better...i gotta agree...stock is better...but as of 2002 on gold perform better than stock.. Gold perform best..see this for yourslf...gold graph climb is steep uphill.. http://stockcharts.com/charts/historical/djiagold1980.html Let say take dow at 7000 to close to 14000.today..that is 100% increase ..but gold fr 290 to 730..150%..United Gold..even more impressive...0.50c to today $2.01...300%!!! |
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cheongwee
Elite |
23-Sep-2007 10:53
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Inflation or deflation...gold come winner..so to say increase or reduce rate...gold win.. Gold px collapse only if the whole world forgive US debt...can this be possible?...if FED stop printing more paper dollar...if this is possible?if reduce rate,save housing but the dollar weaken..if not reduction ..housing problem...forclosure ...credit crunch...spread to consumer sector.....cause stock to collapse..either way they are done for....good for gold. With all these ard...how can gold collapse...i dont think so..onli those who are envy..and not get on the gold train wish it happen...but that is as good as wishes only.. |
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cheongwee
Elite |
23-Sep-2007 10:40
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To TuaPekGong....20 yrs..the gold bull will be over for sure...expert say ot will last another 10 ...but i think 7 to 8 yrs...reasonable... The gold bubble like stock will ended in burst...nothing is forever...expert say after bubble burst gold px will be $50 an oz...if u are greedy..still hold on to gold then u are stuck and will have to wait another 20 yrs for the next bull...never be greedy in any market...sell as rhe rally go...to be safe. So how do we know when to sell?...if there are so many tok abt gold as it bet hotter..if there long q to buy gold at bank..if Ah soh and Ah pek tok abt how good gold can make u $...i think u should know what to do....no one know when end..but by then u should have make lot of $$$... In reality,nobody know when it end...so the safest is sell as it rally...like we do to stock..we do not know when BB bail out..sell as it rally play safest...less profit....can sleep better........good luck. |
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cheongwee
Elite |
23-Sep-2007 10:31
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Pls dont call me sir..i am just got lucky a little..amybe good karma...nw..u go to this site for chart.. http://www.kitco.com/charts/ U are right to say etf and cert got redemption risk...becos we do not know they have enough if everybody will to have physical withdrawal if there is a economic upheaval.. Gold stock perform the best current,but like stock there are risky,becos we know some do hedging and with gold px getting higher they might not be able to deliever on due date...they may go under... So I think ,honestly since we are not expert in gold stock,might well buy the UOB...United Gold..they are expert at least in this sector.this one i bought on and off since 2000 till nw...return a ratio 1 to 3...what i means is every i time phy gold px go up...this trust unit px go up 3 times...fr 2000 to 2007...check. I do have some gold stock invested thro..my cousin in the US..give me wonderful return to date..if u go thro broker here may have high brokerage...check with your broker..i do not know abt this. Do buy fast,dont cal like some wise guy do,cal gearing and all those rubbish..befor u finish gold will be at all time high again and u miss the boat...but still cheap..yu pay more that all..to be frank...i make more here than what i make at SGX..that why i stop work..at 49...no worry for me.so far lucky....like i said good karma.. One thing for sure,with the fed not longer interested in a strong dollar and come high inflation ...the come Oct FOMC...they going to reduce rate again ...can only send gold higher..this is obvious...another is the commodities..ytake a look at it...because all px in dollar..will go higher.. Good luck...take action..dont delay. |
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timewatch
Senior |
22-Sep-2007 23:33
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hello cheongwee, your suggestion to buy Gold is very positive, i do agree with you, pls can u advice me, how to buy gold, physical, or what are the other ways-certificate or ???? thanks sir |
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TuaPekGong9413
Elite |
22-Sep-2007 23:14
Yells: "deity" |
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cheongwee,the way u describe gold sounds exciting to me...i'm thinking of buy the certificates fr uob and keep it as a long time investment....say 20yrs...wat u recommend then...to buy physical gold or the certificates?my worries for certificate is whtr can they deliver if during a crisis ppl start to redeem it.....is the any chart showing gold price over the yrs?tks |
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tanglinboy
Elite |
21-Sep-2007 23:07
Yells: "hello!" |
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Dow cheong!! +81 now |
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1234567
Senior |
21-Sep-2007 10:38
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From uobkayhian: In testimony to Congress, Federal Reserve Chairman said turmoil in the credit markets had fostered "significant market stress." Hence, spot gold price surged over US$10/oz to US$734/oz while US dollar tumbled to record low. More importantly, the gold bug index (HUI) closed above 400, confirming the 27-year high level of gold price. The historical high level of HUI reflects the market confidence on further increase in gold price and gold miners' profitability. Although there will be volatility ahead, gold price could soon approach the all time high of US$850/oz recorded in Jan 1980. We remain bullish on the outlook of gold price and believe the gold sector should outperform the market. Zijin Mining's share price has increased about 30% since we raised our target price on 11-Sept-07. We are reviewing our valuation on Zijin Mining for a potential further upgrade. Other companies such as Zhaojin Mining (1818.HK), Lingbao Gold (3330.HK), Copper (358.HK) will also benefit greatly from the increasing price of gold. |
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CWQuah
Master |
21-Sep-2007 00:35
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DJIA has already tested 13818 4 times and failed to go higher. Intraday support at 13788. The whole American mkt is doing a wait and see... If the range sustains, STI most likely should become pretty boring tomorrow and move within a range. Considering it's Friday plus the technicals, should close around 3500 tomorrow. |
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smartrader
Elite |
21-Sep-2007 00:22
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There will be winners during such times. Pick stock with prices badly depressed due to poor sentiments. Low interest rates benefit corporate. And in next company results...such stocks will outperform the broader market... but do not ask me which one... need to ask financial guru 
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1234567
Senior |
20-Sep-2007 23:49
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DONT BANK ON THAT RALLY On January 3, 2001, Alan Greenspan surprised the market by cutting 50 basis points from the Fed's short-term interest rate... Like today, stocks were close to all-time highs ? the blue chips anyway ? people were starting to worry about recession, and the Fed had held interest rates on a high plateau (6.5%) for the preceding seven months. When the news hit the market, investors celebrated with a 300-point rally in the Dow. Yesterday, Ben Bernanke surprised the market with his own 50-basis point rate cut, and investors celebrated with another 300-point rally in the Dow. This could be the start of a new rate-cutting campaign from the Fed. But don't assume stocks have to rise if the Fed does keep cutting rates... After his 50-basis point cut in January 2001, Greenspan continued cutting rates for the next two years, moving them from 6.5% to 1%...Three days after Greenspan's surprise rate cut, the Dow was already trading below its pre-rate cut level... and 19 months later, the Dow had lost 30%... -Tom Dyson |
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singaporegal
Supreme |
20-Sep-2007 22:08
Yells: "Female TA nut" |
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Bernanke: Subprime solution is riskyFederal Reserve Chairman Ben Bernanke in House testimony will express concern over a proposed remedy to the subprime crisis.NEW YORK (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke will warn lawmakers Thursday to be careful in how they try to fix the nation's mortgage crisis. In written testimony that he will deliver before the House Financial Services Committee, Bernanke notes that there are risks with raising the limits on the size of loans that Fannie Mae and Freddie Mac may buy, a proposed solution that leading lawmakers have supported and that the Bush Administration may go along with under certain conditions.  "The perception, however inaccurate, that the [government-sponsored enterprises] are fully government-backed implies that investors have few incentives ... to act to constrain GSE risk-taking. Raising the conforming-loan limit would expand this implied guarantee ... reducing market discipline further," Bernanke says in written testimony he will deliver before the House Financial Services Committee. Bernanke said that if Congress moved in that direction despite the risks, it should be sure that actions are "explicitly temporary and able to be implemented sufficiently promptly to serve its intended purpose." The two GSEs currently guarantee the purchase and trade of mortgages that don't exceed $417,000 and meet certain underwriting criteria. That means home buyers in high-priced markets have to get so-called jumbo loans, which typically carry higher interest rates since the lenders know that a secondary market for such loans isn't guaranteed by Fannie and Freddie. Many lawmakers have been calling for an increase in those loan limits so that the agencies can inject more liquidity in the credit-squeezed mortgage market which seized up as a result of the subprime crisis. Separately, Treasury Secretary Henry Paulson planned to tell Congress that the Bush administration would consider allowing Fannie Mae and Freddie Mac to temporarily buy, bundle and sell as securities loans exceeding $417,000, the Associated Press reported. The Bush administration opposed this move in the summer. Paulson said the change involving jumbo loans could occur only in tandem with tighter oversight of the two government-sponsored mortgage companies, according to a person familiar with the secretary's testimony. Lawmakers have been considering what steps, if any, to take both to contain the current subprime contagion and also to prevent another mortgage meltdown in the future. A number of proposals have been put forth, including one by Sen. Charles Schumer (D-NY), chairman of the Joint Economic Committee and a member of both the Senate banking and finance committees. Schumer's bill is aimed at making it easier for homeowners with subprime ARMs to refinance and to help home buyers in high-cost markets get a mortgage since even those with good credit have been shut out recently. Among the measures he calls for: temporarily lifting the portfolio caps allowed for Fannie Mae and Freddie Mac by 10 percent. Those caps apply to the amount of mortgage assets the government-sponsored agencies buy and own directly (as opposed to their other function - which is to buy, pool and sell mortgages as mortgage-backed securities). Half of the cap increase would be earmarked for the purchase of subprime refis with scheduled interest-rate resets between June 2005 and December 2009. That would potentially encourage lenders to offer them, since they know Fannie and Freddie would guarantee a secondary market in which the lender could sell the refis. Those who oppose such a move, such as the White House and the Office of Federal Housing Enterprise Oversight (OFHEO), which regulates both agencies, contend that such a big increase would not be prudent given the accounting problems both Freddie and Fannie have had in recent years. 
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tanglinboy
Elite |
20-Sep-2007 21:45
Yells: "hello!" |
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tanglinboy
Elite |
20-Sep-2007 21:19
Yells: "hello!" |
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Dow futures point lower |
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tanglinboy
Elite |
20-Sep-2007 07:12
Yells: "hello!" |
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Dow closes at +76 ! |
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Snappers
Senior |
20-Sep-2007 03:05
Yells: "Buy when there is Fear, Sell when there is Greed" |
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teresa, you ordered your bell and coins online? didn't know can get them online too... hope the bell and coins will bring you good luck... |
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