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STI to cross 3000 boosted by long-term investors
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iPunter
Supreme |
08-Aug-2009 15:49
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There's always the possiblity that we are treated to another whopper gain with that... 
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cheongwee
Elite |
08-Aug-2009 14:08
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anyone know where to get the info for economic data reporting for next week???..for Wall street . hope monday data dont sink the 113 pts we got on friday... very unfortunate that Monday is a holiday, otherwise , can take some money off the table first.. hope no it is ok.. |
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iPunter
Supreme |
08-Aug-2009 13:13
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Click - Dow and S&P at new '09 highs |
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dealer0168
Elite |
08-Aug-2009 11:20
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Once break.....hosay liao. Cheers.
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DnApeh
Master |
08-Aug-2009 11:17
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Despite DJ cheong, 2,745 still the no. to watch. | ||||
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Livermore
Master |
08-Aug-2009 10:35
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Have some stocks which you wish to focus for long term and keep your eyes on it at all times | ||||
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des_khor
Supreme |
08-Aug-2009 10:32
Yells: "Tell me who is the God or MFT from this forum??" |
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Monday is in lieu PH for Sunday... | ||||
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Livermore
Master |
08-Aug-2009 10:31
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If you sell you must remember to buy back. Of course best if you buy back at lower price and if not it is still ok to buy back at a slightly higher price | ||||
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ROI25per
Master |
08-Aug-2009 08:49
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Monday will be post National Day Rally U.S. Stocks Gain, Treasuries Drop as Unemployment Rate Declines By Whitney Kisling Aug. 7 (Bloomberg) -- U.S. stocks jumped after the unemployment rate decreased for the first time since April 2008, bolstering speculation that a recovering economy justifies the steepest rally in equities in seven decades. The dollar advanced and Treasuries capped their biggest weekly drop in six years. American Express Co., Walt Disney Co. and General Electric Co. added at least 2.7 percent after the Labor Department said the nation lost 247,000 jobs last month, 78,000 fewer than economists projected, and the jobless rate fell to 9.4 percent from 9.5 percent. American International Group Inc. rallied 20 percent after its first profit since 2007 topped estimates. CBS Corp. and D.R. Horton Inc. climbed on analyst upgrades. “The market has a laser focus on the economy and on jobs, so any improvement in that leads to an improvement in the stock market,” said David Katz, who oversees $1.1 billion as chief investment officer of Matrix Asset Advisors in New York. “The worst is behind for the economy, and we’re on the mend.” The Standard & Poor’s 500 Index added 1.3 percent to a 10- month high of 1,010.48 at 4:08 p.m. in New York, completing a fourth straight weekly advance. The Dow Jones Industrial Average climbed 113.81 points, or 1.2 percent, to 9,370.07. The S&P 500 has rallied 49 percent from a 12-year low on March 9, the steepest surge since the Great Depression. The market’s rebound restored almost $4 trillion in value to U.S. equities, according to data compiled by Bloomberg, after 2008 marked the worst year for stocks since the 1930s. Reports this month showed better-than-estimated sales of cars and pending contracts to buy existing homes, while service industries contracted less than economists forecast. ‘Less Grim’ While profits at S&P 500 companies are falling for a record eighth straight quarter, results have surpassed projections by an average of 10 percent in the current season. Per-share earnings have beaten estimates at three-quarters of the 447 companies in the S&P 500 that released second-quarter results since June 17, according to data compiled by Bloomberg. “The economic news is getting less grim, and earnings estimates are ratcheting up,” said Michelle Clayman, chief investment officer at New Amsterdam Partners in New York, which manages $3 billion. “We’re now looking at earnings next year north of $70” a share for the S&P 500. Profit Outlook Companies in the S&P 500 will earn a combined $74.49 per share in 2010, according to forecasts compiled by Bloomberg as of yesterday. Overall profits are projected to rise 21 percent, led by an 85 percent increase at chemical and mining companies, a 54 percent gain at banks, brokers and insurers, and a 47 percent jump at energy producers, the data show. The S&P 500 and the Dow have gained 12 percent and 6.8 percent, respectively, in 2009 as better-than-expected earnings and improving economic data suggest the worst recession since the 1930s may be subsiding and investors regain some confidence in U.S. equities. The two gauges rose more than 2 percent each over the past five days, capping a fourth straight weekly gain. The U.S. recession may have ended in July as the labor markets improved, Jeffrey Frankel, a member of the National Bureau of Economic Research’s business-cycle dating committee, told Bloomberg. Frankel’s panel previously said that December 2007 marked the beginning of the recession, which it defines as a “significant” decrease in economic activity over a sustained period of time. President Barack Obama said the July job numbers indicate “the worst may be behind us.” AIG Jumps AIG climbed 20 percent to $27.14 and more than doubled over the past week. The insurer bailed out by the U.S. government reported second-quarter earnings per share of $2.57 on an adjusted basis, beating the $1.50 average analyst estimate. Shares of AIG climbed 63 percent on Aug. 5, and rose 2.4 percent yesterday before results were released. A group of financial stocks in the S&P 500 rallied 2.7 percent to the highest level since Nov. 5. JPMorgan Chase & Co. gained 4 percent to $42.36, while Wells Fargo & Co. added 2.8 percent to $28.76. The group posted a 10 percent gain this week, the best among 10 S&P 500 industry groups. American Express, the best performing stock in the Dow this year with a 76 percent rally, climbed 4.4 percent to $32.69 after Goldman Sachs Group Inc. boosted its share-price estimate to $33 from $28. Disney, the biggest media company in the world, rallied 5.2 percent to $26.69, while GE climbed 2.7 percent to $14.70 for a seventh straight gain, the longest streak since May 2007. Nvidia, D.R. Horton Gain Nvidia Corp. added 4.5 percent to $13.71 after the second- biggest maker of graphics chips forecast sales of as much as $830.9 million in the third quarter, compared with an average analyst estimate of $757 million. D.R. Horton, the largest U.S. homebuilder by sales, gained 7.8 percent to $13.52 as Goldman Sachs added the shares to its “conviction buy” list. That’s the biggest rally since May 18. Nine of the 10 industry groups in the S&P 500 advanced after the pace of job losses slowed more than forecast, the clearest sign yet that the recession is easing. Economists at Goldman Sachs and Deutsche Bank Securities Inc. yesterday changed their forecasts for a smaller drop in payrolls, saying the world’s largest economy and the labor market are showing some signs of improvements. Goldman Sachs lowered the forecast to 250,000, almost matching today’s report. Dollar, Treasuries The Dollar Index, a gauge of the U.S. currency against six major trading partners, climbed 1.2 percent to 78.976 for the biggest advance in almost two months. The price of the 10-year Treasury note slipped for a fifth consecutive day as investor risk aversion receded, with the yield up nine basis points to 3.85 percent. Ten year yields rose 37 basis points, or 0.37 percentage points, in the week. Chiquita Brands International Inc. rallied the most since May 1, adding 16 percent to $14.82, after the seller of bananas and other produce posted second-quarter earnings excluding some items of $2.08 a share, more than twice the average analyst estimate, according to Bloomberg data. CBS, the only major broadcast network to gain viewers last season, surged the most in the S&P 500. The stock added 27 percent to $10.81 after earnings topped analysts’ estimates and Benchmark Co. raised the shares to “buy” from “hold,” saying the stock is “well positioned to benefit from the improving economic outlook.” Leap Wireless International Inc., the pay-as-you-go mobile phone company, slid 24 percent to $17.06 after posting quarterly results and revenue that missed analysts’ estimates as rivals increased competition with new products. Yesterday, telephone stocks slid the most of 10 industry groups in the S&P, dropping 1.2 percent after MetroPCS Communications Inc. reported disappointing results. PMI Group Inc., the fourth-largest U.S. mortgage insurer, lost 22 percent to $2.74. The company posted an eighth straight quarterly loss, missing the average analyst estimate. Mortgage defaults cut into income and policy sales declined. Dow Theory The simultaneous advance today in the Dow Jones Industrial Average and the Dow Jones Transportation Average to their highest levels of the year is a bullish sign for the U.S. stock market among traders who use charts to make forecasts. Dow Theory, developed by Wall Street Journal co-founder Charles Dow in 1884, holds that moves by the industrial average must be “confirmed” by the transportation average in order to be sustained. The Dow industrials climbed today to the highest level since President Obama was elected on Nov. 4., while the Dow transportation gauge jumped to the highest since Nov. 5. To contact the reporter on this story: Whitney Kisling in New York at wkisling@bloomberg.net. Last Updated: August 7, 2009 16:35 EDT |
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lawcheemeng
Master |
07-Aug-2009 22:45
Yells: "fly me to the mooon" |
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congrats to u all, me i brought alittle only not effort bullet liao. anyway tuesday big up my holding will also increase mah. haut !!!
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cheongwee
Elite |
07-Aug-2009 22:45
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dow 121...heading for cheongwee predict 200 pts..i thk u all also like this one to come true. but there may be some mnore greed want to see 300 pts...of course that will be even better for all.. |
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richtan
Supreme |
07-Aug-2009 22:43
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Ho Sei Liow!! Tues STI should go up, period definitely stop. Period will end, cannot last forever, otherwise bleed to death. Glad tat today gone bargain hunting, those apnic sell will regret n rush in to buy back, help push mkt higher.
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richtan
Supreme |
07-Aug-2009 22:33
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Glad tat today, I too bot up a lot at "fire-sale" price from those panicky.
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cheongwee
Elite |
07-Aug-2009 22:31
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you are right, nobody really know the bottom or the top, predicition is just prediction, there are no truth in it, just guess work.after reading chart and so on....analyst do that....so when u see this, take it with a pinch of salt. i arrive at and predict these figure base on research and reading extensively...what i read and post is what i read esleswhere...dow 9800 to 10000 is fr HS Dent..read him in his site.... sti 2600 to 2800 is mine guess work, again base on my analysis... in other word , it is 50% luck,,so far i am lucky, in business and in stock,,,thanks god.
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iPunter
Supreme |
07-Aug-2009 22:28
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Today's STI big plunge shows the kiasu mentality of local players... viz. kiasu on US jobless numbers, Friday, etc... now the sellers must be regretting having sold off... |
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cheongwee
Elite |
07-Aug-2009 22:16
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I thk you agree on this...if we are not sure, the safest thing to do is to stay out. just like u dont know how to drive a car, do u want to risk your life driving one,just because it is shiok to drive.. you are wise to say that 50%...wish you all the best...and wish that what we read and know will not materialise... so everyone got money, got job, got house...may all be safe and happy
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ticklish8
Senior |
07-Aug-2009 22:15
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I got a different view when the market rally will end. These rally is just a sharp liquidity - fueled rally. The party will be over once the Central Banks ie from China/ US stop their easing of their monetary policy. ie stop purchase of Treasury, bond purchases etc and start increasing the interest rate. When the People’s Bank of China said it will fine-tune monetary policy - Shanghai market weakens (for the last 3 days) I remember in March, many analyst/doomsayer said that STI will reach 1,200 before it bottom. Look what happen. Now I am hearing pple said DJ will touch 9600, 10,000 while STI 2,800/3,000 before the rally stalled. I hope so.... Personally I think the Shanghai market is a leading indicator where our market will lead us in 3-6 month time. I may be wrong... PS If i can predict accurately, I will be millionaire ;--) |
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lawcheemeng
Master |
07-Aug-2009 22:06
Yells: "fly me to the mooon" |
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thanks n note taken. will be extra careful . i was thinking letting go at least 50% of my holding later this month too. that is after all the annual report and XD. just want to wait out the 3 qtr report than see how loh.
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cheongwee
Elite |
07-Aug-2009 21:55
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OK 1st day of summer is 20/6, then come 22/9 which the 1st day of autumn, . so late summer means nearer to 22/9... but as a matter of fact, i previously said by June or mid July, but i see this rally got leg, and HS Dent have since updated to late summer... but prior to that, there is going to be reporting for Europe, and in the US, alot of ARM , Prime,and comm RE reset...dont know how serious this will effect the makret.. europe some 1.7T( dont know whether euro or US$)...US some 350B..but more toward early 2010..and mid 2010 that is reset is at it highest...to some 800 to 900 b...the comm RE is worth some 2T....sure to die and it was repoprted that 68% of them are nnot qualify for refinancing....dont die also cannot.. so all in all, i will try to sell out or down size by end august...but most likely i stay but always alert as we market player can never be totally out of market...due to greed, you konw some stock still gallop along right..i will take spot shit............good luck |
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grass8eater
Member |
07-Aug-2009 21:45
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This is excellent. No hindsight reading. No koyok. Foresight and guts. CONGRATULATIONS. peifu, peifu .... Mr cheongwee
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