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cheongwee
Elite |
12-Sep-2007 11:51
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The Federal Reserve was not founded to bail out Bear Stearns or a few hedge funds. It was founded to keep a stable currency and maintain its value...but look what are they doing....printing money and stealing the value of current money in circulation...resulting in the decreasing the purchasing power of the dollar.. Gold got no way to go only up under this type of scenario..the subprime are like unto one standing at the breach in central Java..no knowing Tsunami is on it way...looking and wondering why the tide is so low and can see fishes jumping ..what a beautiful and magnificient sight...never see before...look longer and know what happen next... Get out...dont to greedy and naive to believe Bernanke can do magic with rate reduction..rally for the moment only...if he can do this subprime will not happen in the first place...get out on strength...buy gold..like many do for insurance...we are but small guppy here...dont wait for disaster..prepare...no regret...i dont call to buy to make money out of your pocket...and even if all of you buy cant influence the px of gold a single cents..i do not want to say...oh..look my prediction is right..i feel good...no.. All these is nothing but obvious...nothing great...everybody can see..and even if does not happen...very unlikely as time go on...you still got your gold...nothing to lose... For a start..invest 10% of your investible sum in gold...stock trade as you go...ride on the fool rally as u go...good luck...we see a 4 figure gold very soon.. |
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Pinnacle
Master |
12-Sep-2007 09:05
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News of strong demand abroad boosted U.S. markets overnight, especially large cap MNCs. The Dow rose +180.54 points (+1.38%), the Nasdaq added +38.36 points (+1.5%) and the S&P500 increased +19.79 points (+1.36%). |
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idesa168
Elite |
12-Sep-2007 08:59
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Yes I think the same too. The euphoria will die down once all settled. Also the rally had factored the cut and IF Fed doesn't cut, we will see LS...cheers....I think they will cut. Question is 25 or 50 pts. |
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Pinnacle
Master |
12-Sep-2007 08:54
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The rally was caused by bargain hunters and high anticipation of rate cut. This will not last as after the emotion sinked in, the correction will be back. And with the current counters' price already more or less valued in with the rate cut, I just can't imagine if the Fed do not cut rate on 18. Its going to cause catastrophe! 
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tanglinboy
Elite |
12-Sep-2007 06:51
Yells: "hello!" |
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Big rally on Wall StreetMajor indexes jump after two tough sessions as investors scoop up a variety of shares; rate-cut bets remain in place.NEW YORK (CNNMoney.com) -- Stocks rallied Tuesday, as investors stepped back in after two tough sessions marked by worries about the economy and interest rate policy ahead of next week's big Fed meeting. The Dow Jones industrial average (up 180.54 to 13,308.39, Charts) added 180 points, or about 1.4 percent. The broader S&P 500 (up 19.79 to 1,471.49, Charts) index gained 1.4 percent and the tech-fueled Nasdaq composite (up 38.36 to 2,597.47, Charts) rose 1.5 percent. |
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TuaPekGong9413
Elite |
12-Sep-2007 00:54
Yells: "deity" |
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how to buy gold? |
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cheongwee
Elite |
12-Sep-2007 00:35
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Even if dow not crash now...come 2008...some 78 million baby boomer will be retiring..the govt got no means to pay their social security and medicare,,,cost trillion of dollars..they are toast for sure. |
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cheongwee
Elite |
11-Sep-2007 23:59
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Another crises...on the horizon The Dollar Crises... The dollar will be toast if it stay below 80 for the next one to two week...if that is true,,,u better buy gold and more...look already fly...i told u before it flew...didnt I??? We going to see a 4 figure gold soon...if fed reduce rate by 100 pts...the dollar is finish...we will have a depression come 2nd half 2008...get out of stock ..or stock get out of you... |
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idesa168
Elite |
11-Sep-2007 23:57
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As I had expected, Ah Beng will not give hints to the mkt one. It's not the first time he dissapoint the analyst and wun be the last. I am sure he will cut rate, but do not wish to benefit all those speculators at this point. His objective is to save troubled American not to baill out the investors and speculator who made the wrong bet. I like his approach, someone who sees the bigger picture. Someone who looks at the root of the problems not on the surface. Cheers. |
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KiLrOy
Master |
11-Sep-2007 23:40
Yells: "I buy only what I can see." |
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Last one from me. Stocks Hold Onto Gains Despite Lack of Clues From Fed Chief
By CNBC.com | 11 Sep 2007 | 11:35 AM ET
Stocks are off session highs but still firmly higher even though Federal Reserve Chairman Ben Bernanke offered no clues about a possible interest rate cut in a speech in Germany. "The bigger issue is what's going to happen next week and how does this speech relate to that," said Barry Ritholtz, chief investment officer at Ritholtz Research & Analytics. "I think Wall Street has been assuming that a rate cut was imminent and we're finally on the verge of getting one. It's an interesting discussion, with Bernanke staying above the fray." In a speech in Berlin, Bernanke said the reasons for a global savings glut are likely to remain in place and he indicated foreign appetite for U.S. debt may wane. However, Bernanke did not address the problems in the credit markets, which have weighed on stocks, nor did he indicate how the FOMC might vote on interest rates when the committee meets September 18. Investors remained optimistic with buying across the board in all of the ten S&P 500 sectors trading. Markets are still divided on the Fed's next move, with some economists predicting no cut while others say a cut of as much as a full point would be needed to help avoid a recession. U.S. stock markets observed moments of silence at various times during the day on the sixth anniversary of the terrorist attacks on the World Trade Center and the Pentagon. |
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KiLrOy
Master |
11-Sep-2007 23:36
Yells: "I buy only what I can see." |
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For those who waited for Big Ben's speech, the market will likely close higher today so go have a good rest ~ (RTTNews) - After seeing some early strength, stocks have continued to perform well over the course of morning trading on Tuesday. The major averages have all moved firmly into positive territory after turning in a mixed performance in the previous session. The strength in the markets is partly due to optimism about the outlook for interest rates, with the Federal Reserve widely expected to cut its target for the federal funds rate at its meeting on Tuesday of next week. The markets are also benefiting from the release of some positive corporate news, with ImClone (IMCL) helping to lead the biotechnology sector higher after the company said its drug Erbitux improved the survival rate of lung cancer patients in a late-stage study. A variety of other sectors have also shown strong upward moves, reflecting broad-based strength in the markets. Considerable strength is visible in the steel, wireless, computer hardware, and financial sectors. In late morning trading, the major averages are off their best levels of the day, but they are holding onto strong gains. The Dow is currently up 116.73 at 13,244.58, the Nasdaq is up 22.92 at 2,582.03 and the S&P 500 is up 11.03 at 1,462.73. |
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KiLrOy
Master |
11-Sep-2007 23:24
Yells: "I buy only what I can see." |
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.... Trichet was also quoted as saying "Price Stability Is Key"; "To Ensure Correct Functioning Of Money Market Central Banks Must Have Close Link With Surveillance"; "Return Of Trust Between Banks Of The Essence"; and "ECB Will Not Bail Out Investors". Which all sounds pretty much like the Fed's approach. Traders are sifting through the statements for clues to a change that they won't find. Until there is hard evidence that the banking sector is functioning normally, and credit markets are facilitating institutional lending again, both the Fed and ECB will be treading very carefully. |
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KiLrOy
Master |
11-Sep-2007 23:22
Yells: "I buy only what I can see." |
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15:19 EUR/USD: Big Ben Ducks Current Economic Outlook Issue New York, September 11. In a speech before German bankers, Big Ben Bernanke addresses the current account deficit - it cannot go on indefinitely, but is not a big economic burden; the US savings rate - we should save more; the global savings glut - it's still there; and "term premiums" - they are back to where they should be; but he did not address the current economic situation. With the market torn between 25bp and a 50bp cut at the next meeting (with a few holdouts still looking for no change) traders were hoping that Bernanke would tip his hand, and the scales; they were disappointed. Meanwhile Trichet still thinks that European monetary policy is accommodative, and it is, however the ECB have made it quite clear they are waiting for clear signs that the liquidity crisis is over before they do anything..... |
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TuaPekGong9413
Elite |
11-Sep-2007 23:22
Yells: "deity" |
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x 0
x 0 Alert Admin |
meaning?got cut or no cut interest? |
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KiLrOy
Master |
11-Sep-2007 23:19
Yells: "I buy only what I can see." |
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typo .. ' He says that the current account gap is not sustainable and that a desired shit in global imbalances may hike rates. ' to ' He says that the current account gap is not sustainable and that a desired shift in global imbalances may hike rates.' |
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TuaPekGong9413
Elite |
11-Sep-2007 23:17
Yells: "deity" |
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x 0
x 0 Alert Admin |
ic...so he changing subject....no wonder dow slowing dipping now... |
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KiLrOy
Master |
11-Sep-2007 23:16
Yells: "I buy only what I can see." |
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x 0
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15:12 USD/JPY: Down After Bernanke Comments as Stocks Slip San Francisco, Sep 11. The DJIA was up 147 pts before Fed's Bernanke hit the tape but have slipped back with stocks now up 113 pts. The retreat from the highs has weighed on USD/JPY which has fallen back to 113.88 after a high of 114.15. Bernanke did not focus on the rate outlook but on global imbalances, a point which indirectly focuses on the carry trade since this is seen as a result of the global imbalances. He says that the current account gap is not sustainable and that a desired shit in global imbalances may hike rates. He also calls on a major effort to increase US savings. |
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KiLrOy
Master |
11-Sep-2007 23:14
Yells: "I buy only what I can see." |
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So far he talked about ... Bernanke - Major Effort Needed to Increase US Public, Private Savings. Bernanke - Investors are demanding more return for risk. Bernanke - Real Interest Rates Should Rise As Global Imbalances Decline. Bernanke - Global Savings Glut Remains "In Place". |
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TuaPekGong9413
Elite |
11-Sep-2007 23:08
Yells: "deity" |
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x 0
x 0 Alert Admin |
huh?wat did he juz mentioned? |
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KiLrOy
Master |
11-Sep-2007 23:04
Yells: "I buy only what I can see." |
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x 0
x 0 Alert Admin |
The burger is not following the script..... |
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