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DOW & STI
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lookcc
Master |
20-Apr-2009 21:36
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buy put now can b nervy. | ||||
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lookcc
Master |
20-Apr-2009 21:33
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x 0 Alert Admin |
waiting 2 buy call if when cross 1,939.
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CWQuah
Master |
20-Apr-2009 21:22
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Can buy provided STI doesn't break above 1897 again. Expect it to try to retest resistance. Start LIGHTLY. Then build only after confirmation. As usual keep stops tight. |
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freeme
Elite |
20-Apr-2009 21:11
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can buy some put warrants for short term?
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lookcc
Master |
20-Apr-2009 21:04
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can wait somemore. | ||||
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freeme
Elite |
20-Apr-2009 20:49
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Citi put a stop to the rally. Bac put a reality back to the 6 wk rally.. I think today is the turn around we have been waiting for... for those who are patiently waiting, it will pay off ;) |
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CWQuah
Master |
20-Apr-2009 20:45
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Today's warning shot on the STI has been achieved. Downtrend candle formed. Watch 1848, 1780 support testing for this week.
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niuyear
Supreme |
20-Apr-2009 19:35
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hi, can just go Bloomberg.com and search under topic like BOA(bank of america), etc. :) Our governmnet invested heaveily in Merrill Lynch last year and is this going to bode ill rather than well? I dunno!! Just hope for the best for this company, otherwise, we , the citizen's money- CPF, will vanish into the thin air. On second thought, i am wondering why is this company still 'ALLOWED' to sell investment products
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cheongwee
Elite |
20-Apr-2009 17:49
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x 0
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Housing Back At The Forefront,
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Blastoff
Elite |
20-Apr-2009 15:55
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Wall Street: Plan for a stormA six-week advance meets the first big week of corporate results, with 140 major companies due to open their books.NEW YORK (CNNMoney.com) -- As the profit reporting period moves into its busiest two weeks, investors have reason to be a bit more optimistic.
The S&P 500 rose 28.5% in a six-weeks-and-counting advance, after a selloff that left the broad index at a 12-1/2 year low. Bets that the economy and financial sector are close to stabilizing helped fuel the run, enabling investors to shed some of their worst-case scenarios. "During the previous three months I was getting panicked calls from investors about the end of the world," said Jamie Cox, managing partner at Harris Financial Group. "Now those same people are saying 'we need to get in now before we miss it.'" Supporting the optimism over the last week has been a rash of not-as-bad-as-expected quarterly results from bellwether companies. First-quarter so far: With roughly 10% of the S&P 500 having reported results so far, profits are on track to have shrunk 37.4% from a year ago, according to the latest from Thomson Reuters. The S&P 500 is on track to post its seventh consecutive quarter of shrinking profits, the longest stretch since Thomson began tracking results in 1998. Although it's too early to discern the broad trend, "so far we're seeing some bright spots in the financials, relative to expectations," said John Butters, senior research analyst at Thomson Reuters. Last week, JPMorgan Chase (JPM, Fortune 500), Goldman Sachs (GS, Fortune 500) and Citigroup (C, Fortune 500) all reported results that fell from a year ago but topped estimates. Earlier in the month, Wells Fargo (WFC, Fortune 500) forecast a bigger-than-expected quarterly profit. Nonetheless, financial sector earnings are still expected to post declines this quarter, Butters said, with current forecasts for a drop of 37%. All ten economic sectors tracked by Thomson are expected to post declines this quarter. That list is led by the consumer discretionary sector, which is expected to see profits drop by 113% from a year ago. The least-bad sector is healthcare, which is expected to post a 2% drop in profits versus a year ago. Big companies due to report results this week include Bank of America (BAC, Fortune 500), American Express (AXP, Fortune 500), Microsoft (MSFT, Fortune 500), Yahoo (YHOO, Fortune 500), IBM (IBM, Fortune 500) and Apple (AAPL, Fortune 500). Results
Around 140 companies, or 28% of the S&P 500 report results this week. Here are some of the highlights. Monday: Bank of America reports quarterly results before the start of trading. The Dow component is expected to have earned 5 cents per share versus 23 cents a year ago. After the close of trade, IBM is expected to report earnings of $1.66 per share, versus $1.65 a year ago. Other companies due to report Monday include Eli Lilly (LLY, Fortune 500), Halliburton (HAL, Fortune 500) and Texas Instruments (TXN, Fortune 500). Tuesday: Dow components Caterpillar (CAT, Fortune 500), Coca-Cola (KO, Fortune 500), Merck (MRK, Fortune 500) and United Technologies (UTX, Fortune 500) are all expected to report results before the start of trading. All are expected to report lower quarterly earnings versus a year ago. After the close, Yahoo is expected to report earnings of 8 cents per share versus 11 cents a year ago. Other companies due to report Tuesday include Delta Air Lines (DAL, Fortune 500), Lockheed Martin (LMT, Fortune 500), Schering-Plough (SGP, Fortune 500) and Advanced Micro Devices (AMD, Fortune 500). Wednesday: Wells Fargo is expected to report results before the start of trading. The company forecast a week ago that it will see a profit of around $3 billion. Analysts expect earnings of 41 cents per share versus 60 cents a year ago. Financial firm Morgan Stanley (MS, Fortune 500) is expected to report results before the start of trading. The company is expected to report a loss of 9 cents per share versus a profit of $1.45 a year ago. Also in the morning, Dow components AT&T (T, Fortune 500), Boeing (BA, Fortune 500) and McDonald's (MCD, Fortune 500) are due to report results. Apple releases results after the close of trading. Apple is expected to have earned $1.09 versus $1.16 a year ago. Thursday: Microsoft reports results after the close. The software leader is expected to report a profit of 39 cents per share versus 47 cents a year ago. Also after the close, Amazon.com (AMZN, Fortune 500) is expected to report earnings of 31 cents per share versus 34 cents a year ago. UPS (UPS, Fortune 500), PepsiCo (PEP, Fortune 500), Raytheon (RTN, Fortune 500) and Amgen (AMGN, Fortune 500) are among the other companies due to report results Thursday. Friday: Dow component 3M (MMM, Fortune 500) is due to report results before the start of trade. 3M is expected to have earned 86 cents versus $1.38 a year ago. Honeywell (HON, Fortune 500), Schlumberger (SLB) and Xerox (XRX, Fortune 500) are among the other companies due to report quarterly results in the morning. Economy
In a light week for economic news, standouts include the index of leading economic indicators and reports on new and existing home sales. All forecasts represent a consensus of economists surveyed by Briefing.com. Monday: The March index of leading economic indicators (LEI) is due shortly after the start of trading. LEI, released by the Conference Board, is expected to have fallen 0.2% in the month after falling 0.4% in the previous month. Tuesday: A House of Representative subcommittee holds a hearing on Treasury's plan for toxic assets. Thursday: The number of Americans filing new weekly unemployment claims is expected to have risen to 630,000 from 610,000 the previous week. The Labor Department report is due before the start of trading. Investors will also focus on continuing claims - a measure of people receiving benefits for a week or more. Last week, continuing claims surged to a record 6.02 million. Shortly after the market open, the National Association of Realtors releases the March existing home sales report. The February report showed a surprise rise and investors will be looking to see if the trend continues. Sales are expected to fall to a 4.65 million unit annual rate from a 4.72 million unit annual rate in the previous month. Friday: The Commerce Department releases the March durable goods orders report before the start of trading. Orders are expected to have fallen 1.5% after falling 5.1% in the previous month. The Census Bureau releases the March new home sales report shortly after the market open. Sales are expected to have rise to a 340,000 annual unit rate in the month from a 337,000 unit annual rate in the previous month. The February figure rose unexpectedly from the previous month. |
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battouchai
Member |
20-Apr-2009 15:12
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Bro.. which website? Registration free?
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niuyear
Supreme |
20-Apr-2009 14:55
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17 April 09 - Bloomberg new: Bank of america's CEO is underfire by the investors about rising 4th-quarter losses by New York-based Merrill Lynch........ p/s -for those interested, log on to bloomber news and search under BAE CEO |
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EVO_IX
Member |
20-Apr-2009 12:16
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Anyone comment?
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niuyear
Supreme |
20-Apr-2009 11:31
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when toking to someone about US$investment, he said he sold some investment (by Merrill Lynch) at some losses. Reason being the takeover of Merrill Lynch by Bank of American is not foolproof and that Bank of America might withdraw the acquisition and Merrill Lynch will have to source for another acquisition or perhpas, who knows, might be liquidated and all the money invested might become 'zero' like those investors of Lehman Brothers;. Things could change overnght and so unpredictable in US. Someone said that a Feng Shui master has predicted that one of the Big US Bank or financial institution might be declaring bankcrupt and if this is so , the market could plunge down to ???? Its horrible to think of it right now. fullly agree with that friend to sell his investment that he has not confident with EVEN IF ITS CAPITAL PROTECTED, can that company able to sustain until the maturity date? So plese becareful the products that say "CAPITAL GUARANTEED" LMAO!! |
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Blastoff
Elite |
20-Apr-2009 09:18
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SINGAPORE shares opened lower on Monday, with the benchmark Straits Times Index at 1,892.35, down 0.22 per cent, or 4.21 points.
About 61 million shares were traded. Losers beat gainers 70 to 53. |
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lookcc
Master |
19-Apr-2009 22:39
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when great depression bear was 17 mths old s&p was down 56.8% then it went up for 1 mth to down 49% b4 it went all way down to 89.2 % in the next 18 mths, current crisis also 17 months old when s&p was also down 56.8 % when current rally began but current bear now abt 6 weeks n s&p is down 44.4% from down 56.8%..........tis data favor current rally [if history is anything to go by] huh. | ||||
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lookcc
Master |
19-Apr-2009 22:20
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oil crisis bear ended when s&p down 48.2%, dot.com ended when s&p down 49.1%, depression ended when s&p was down 89.2% n current bear s&p was down 56.8% when began rally last month.........appears tis rally is 4 real, huh. | ||||
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lookcc
Master |
19-Apr-2009 22:07
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oil crisis bear lasted 20.7 mths, dot.com crisis 30.5 mths n great depression 34.2 mths, present bear now 18.3 mths commenced 9 oct 2007.........shud consideration b given 2 such data??? | ||||
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HLJHLJ
Veteran |
19-Apr-2009 07:03
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Agreed! Overbought indicator is quite dangerous to use. I once used it wrongly. In a bull market, overbought indicator can remain overbought for some time. It also depends on the window size (days) we set. We must look at the macro-economic as well and the trend. The present trend is up, no doubt, though there might be some small corrections along the way. But 1400 is historical, imho. I'm mostly staying put. I think still can run for a while. From economics pt of view, when markets start to rally, people earn some from it and are able to spend. The cycle continues and the rally keeps going. This is economic cycle, like a flywheel moving. So it makes sense that rally has some legs to go. I'm sure all of use can breathe slightly now after the rally. At 1400, we were all cash-tight after buying down for some time. So i think the bull has some legs to go but still have to monitor closely in case the tide changes.
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iPunter
Supreme |
18-Apr-2009 16:23
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The stock market is like a sea full of alligators... To play the game well, one must sort of 'become like an alligator'... If one is a loving person in life, one will invariably love one's stocks too much (eg. "it's got superb fundamentals!") and be utterly loyal till the end, maybe till the end of one's life too, by suicide... |
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