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billywows
Elite |
03-Oct-2006 23:28
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Dow chionging up now .... Nasdaq greenish flat. |
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tanglinboy
Elite |
03-Oct-2006 21:33
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Dow opens slightly down.
Dow's record slipping away
Stock futures point lower as Dow falls farther away from the record high level it has been unable to top.
NEW YORK (CNNMoney.com) -- Stocks could have trouble in the early going as the Dow sinks farther away from the record level it has been unable to breach for the past week. Stock futures were down, indicating a lower open for stocks. The Dow starts trading Tuesday about 53 points away from the record high close, after the blue chip index again lost ground in Monday trading. Oil prices were lower in early trading as BP (Charts) restarted production on a portion of its Alaska oil field that was shut over the weekend. U.S. light crude fell 65 cents to $60.38 a barrel in electronic trading, while Brent crude traded in London was 77 cents lower at $60.45. Treasury prices were little changed in early trading, leaving the yield on the 10-year note near the 4.60 percent level reached late Monday. The dollar was little changed against both the euro and the yen in early trading. Stocks in Asia closed mixed, with Tokyo's Nikkei falling, while Hong Kong's Hang Seng gained ground. Major markets in Europe were down in early trading. There are no economic reports due Tuesday. In corporate news, Hewlett-Packard (Charts) CEO Mark Hurd may have known as early as in July 2005 the company was looking into private phone records as part of its leak investigation, according to a report in the Wall Street Journal. Integrated circuits Marvell Technologies (Charts) forecast third quarter revenue down 10 percent for fiscal 2007 due to lower-than-expected demand from hard disk drive customers, and also warned investors it may need to restate results back to its 2000 initial public offering due to questions about its stock options practices. Shares of Marvell plunged 18 percent in after-hours trading Monday following the company's announcement. Automakers report U.S. sales for September, with General Motors (Charts), Ford Motor (Charts) and the ChryslerGroup unit of DaimlerChrysler (Charts) all expected to show continued declines in sales in the period. In addition, the GM board of directors is set to meet Tuesday to hear an update on talks about the company possibly joining the Nissan-Renault alliance. Last week Kirk Kerkorian, the company's largest individual shareholder, made a filing in which he said he wanted to buy up to 12 million new shares, but said he wanted the board to make an independent review of any potential alliance. |
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scotty
Senior |
03-Oct-2006 07:35
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Dow was down only slightly.... no worries! |
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cashiertan
Elite |
03-Oct-2006 02:00
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opppsss sori.... |
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cashiertan
Elite |
03-Oct-2006 01:24
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DOW is looking toppish at 3 mths - 1 yr RSI chart. buy with care. the dow may turn down heavily if it did not cross the peak with ease. remeber what goes up will come down. |
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Nostradamus
Supreme |
03-Oct-2006 00:21
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Spending on construction projects unexpectedly edged up in August as a gain in nonresidential activity offset another big decline in home building.
The Commerce Department reported that construction spending rose by 0.3%. It followed a huge 1% decline in July and represented the best showing in five months. Analysts had been forecasting construction spending would drop in August, reflecting continued weakness in residential construction. However, a big drop in residential activity was offset by strength in office building and other nonresidential projects. Spending by state and local governments also rose. |
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billywows
Elite |
02-Oct-2006 23:57
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Wow! Dow at above record high .... up 44 points to 11,723 now! Nasdaq just Greenish Flat. |
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billywows
Elite |
02-Oct-2006 22:34
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billywows
Elite |
02-Oct-2006 22:11
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Two sets of data just out ... Home sales has stablised, but manufacturing is lower. US market is flat now .... I guess that investors will choose Housing as an excuse to chiong in US today! Apple computer is dragging Nasdaq due to its downgrade today. -------------------------- WASHINGTON (MarketWatch) -- Pending sales of U.S. existing homes rose by 4.3% in August, indicating the housing market may be stabilizing, the National Association of Realtors said Monday.
Pending-home sales are down 14.1% in the past year, the real estate industry group said.
"Our sense is that home sales may have reached a low in August," said David Lereah, chief economist for the NAR in a statement.
"With fewer new listings coming on the market, we should be able to draw down the inventory supply early next year to the point where home prices will rise, but at a slower pace than historic norms," Lereah said.
The pending-sales index rose 9.2% in the West, 4% in the South and 3.6% in the Northeast. The index was flat in the Midwest.
Sales are recorded as "pending" when a sales contract is signed; they are recorded as "sold" when the sale closes, usually one or two months later.
Existing-home sales fell 0.5% in August to a seasonally adjusted annual rate of 6.30 million, the lowest since January 2004. Meanwhile, median sales prices fell 1.7% on a year-on-year basis, the first decline in 11 years. The inventory of unsold homes rose to a 7.5-month supply, the most in 13 years. See full story.
![]() ![]() Rex Nutting is Washington bureau chief of MarketWatch. ----------------------------------- |
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compass
Member |
30-Sep-2006 17:48
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Just nice for an October Crash!! |
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singaporegal
Supreme |
30-Sep-2006 08:26
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Dow didn't do too well after all yesterday.... ended down 40 points.![]() |
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singaporegal
Supreme |
30-Sep-2006 08:25
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The Dow that cried wolf
Major
gauges dive into negative territory on the last day of the quarter.
Despite rampant anticipation Dow fails to close at a new all-time
record.
NEW YORK (CNNMoney.com) -- Stocks slipped Friday, at the end of an otherwise stellar month and quarter on Wall Street, with the Dow Jones industrial average giving up its weeklong attempt to take out its record closing high. The Dow (down 39.38 to 11,679.07, Charts) fell 0.3 percent after jumping as high as 11,741.67 earlier in the day. The blue-chip barometer's closing high is 11,722.98, set on Jan. 14, 2000. The Dow's record trading high is 11,750.28 from the same day in 2000. |
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Nostradamus
Supreme |
29-Sep-2006 22:57
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It's the highest reading in a year. Readings over 50% indicate that most firms surveyed are reporting growth. |
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Nostradamus
Supreme |
29-Sep-2006 22:51
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Chicago PMI checked in at 62.1 in September, up from 57.1 in August. Since the PMI has the highest correlation with the most influential of all manufacturing surveys -- Monday's national ISM Index, the highest PMI reading in a year has eased concerns spurred by other regional surveys (i.e. Philly Fed and Richmond) that manufacturing was entering a downturn. |
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billywows
Elite |
29-Sep-2006 21:50
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Consumer sentiment out in 1 minute time, while Chicago PMI out at 10pm. Shiok time in 10 minutes time ..... Watch these charts below! DOW NASDAQ |
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billywows
Elite |
29-Sep-2006 21:38
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US market opened strangely FLAT! Something brewing soon? Its like wait & see for reactions ....... Its last trading day of September, so will be a good finale for Q3! Shiok! |
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billywows
Elite |
29-Sep-2006 20:48
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Looks like a pretty strong rally tonite in US! A good bang to end September! ----------------------- |
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Nostradamus
Supreme |
29-Sep-2006 19:43
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What is clear is that regardless, the pause is not likely to help stocks. Since 1929, the Standard & Poor's 500 index has averaged declines of 2.5 to 4% in the three months, six months and 12 months after the end of a rate hiking cycle, according to Ned Davis Research. That's because more often than not, when the Fed's through raising rates, that has coincided with a slowdown in the economy, which is usually what the central bank was after in the first place - and in some cases, the start of a steep downturn for stocks. "Tightening cycles don't have to bring in bear markets, but they tend to make them more likely," said Ed Clissold, senior global analyst at Ned Davis Research. Since 1974, bull markets, as measured by the S&P 500, have typically topped out about two months before the Fed is done tightening monetary policy, said Jeffrey Hirsch, editor at Stock Trader's Almanac. Need further evidence to suggest that a pause is unlikely to translate to stock gains? This is Fed chief Ben Bernanke's first year at bat, and that makes him vulnerable to what might be dubbed "the new guy effect." Three of the last four Fed chairman - Arthur Burns, Paul Volcker and Alan Greenspan - saw stocks slump to bear market lows within the first year of taking the helm at the Fed, Hirsch said. The one exception was William Miller, who chaired between Burns and Volcker. How did he manage to escape the new guy effect? Good timing. Miller started his term a few weeks after stocks hit a low for that bear market in February 1978, Hirsch said. |
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Nostradamus
Supreme |
29-Sep-2006 19:33
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The third quarter is usually the worst of the year. And this year it was supposed to be especially bad since 2006 is a mid-term election year, and third quarters in those years tend to be the worst of the worst. Yet 2006 is shaping up to be the best third-quarter in a mid-term election year since 1982, when the market rallied after hitting a bear market bottom in August, according to the Stock Trader's Almanac. |
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Nostradamus
Supreme |
29-Sep-2006 00:16
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Housing weakness poses a significant threat to GDP and stocks. Full article here. |
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