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Pinnacle
Master |
04-Sep-2007 22:39
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NEW YORK, Sept 4 (Reuters) - U.S. stocks edged higher on Tuesday after the Institute for Supply Management manufacturing index showed factories expanded in August but at a slower pace than in July. The Dow Jones industrial average <.DJI> was up 10.24 points, or 0.08 percent, at 13,367.98. The Standard & Poor's 500 Index <.SPX> was up 7.27 points, or 0.49 percent, at 1,481.26. The Nasdaq Composite Index <.IXIC> was up 19.72 points, or 0.76 percent, at 2,616.08. |
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Pinnacle
Master |
04-Sep-2007 22:28
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DJ in GREEN now!!! Cheong Arh!!!
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paperless
Senior |
04-Sep-2007 22:24
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ISM manufacturing index falls in Aug. about in line with forecasts; construction spending weakest in 6 months |
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Pinnacle
Master |
04-Sep-2007 22:15
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Oh No. Is 0.1 going to make a difference? NEW YORK, Sept 4 (Reuters) - U.S. manufacturing expanded more slowly in August, according to a survey published on Tuesday. The Institute for Supply Management said its index of national factory activity eased to 52.9 in August from 53.8 in July. Analysts had been looking for a reading of 53.0. A reading above 50 indicates expansion. |
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Pinnacle
Master |
04-Sep-2007 22:02
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NEW YORK, Sept 4 (Reuters) - U.S. stocks were little changed at the open on Wall Street on Tuesday before a key economic report forecast to show a dip in manufacturing activity last month. The Dow Jones industrial average <.DJI> was down 23.82 points, or 0.18 percent, at 13,333.92. The Standard & Poor's 500 Index <.SPX> was down 0.87 point, or 0.06 percent, at 1,473.12. The Nasdaq Composite Index <.IXIC> was up 2.55 points, or 0.10 percent, at 2,598.91. |
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pikachu
Veteran |
04-Sep-2007 21:34
Yells: "Holy Cow!" |
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Dow opens in the red ... now -14 points |
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synnexo
Veteran |
04-Sep-2007 11:36
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Extracted from www.cnn.com "Fed Chairman Ben Bernanke has not come right out and declared that a rate cut will happen, but many investors believe he has telegraphed it by saying the central bank will "act as needed." Traders who bet on the Fed's next move are not only pricing in a 100 percent chance of a quarter-point rate cut at its next meeting on Sept. 18, but also are pricing in a 100 percent chance of similar move in October". But why in October as well? Hmm... |
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cheongwee
Elite |
04-Sep-2007 11:19
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I think a rate cut is for sure..otherwise many American sleep at Union Square..and along wall street..to reduce rate is lesser of the 2 evils like a top economist said.. redeuce rate first...then come to settle infation later.. |
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cheongwee
Elite |
04-Sep-2007 10:03
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I no working...i vest in United Gold and General ...and some gold stock thro..my relative in California...if u invest in gold stock listed on NYSE..u got to ask broker,but i think u got to pay the broker fee..to both local and foreign broker...find out for charges.,. I do own physical gold...plenty..and gold stock like..Goldcorp Inc...kinross..Jubilee mines.. My stock ave 400 to 500 % return..have been vest all along in physical since 1998..but gold stock onli some year back,,some recent. ETF..are paper gold,but traded like physical gold...but in financial calamity...physical is still the best...buy some physical gold and some gold stock...mine is current 40% on gold and 60% on stock.. Fact dont lied...in this age on internet tech,,,u can alway find out yourself...graph are fr known sources..go ahead and see and investigate and enlighten to profit...dont just believe...seeing is believing...i must agree on this... |
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mirage
Veteran |
04-Sep-2007 08:52
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QUOTES: |
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idesa168
Elite |
04-Sep-2007 08:50
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How to invest in gold? is there something like ETF in STI where we can trade gold like any other stocks? | ||||||||||||||||||||||||
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giantlow
Master |
04-Sep-2007 08:23
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Just out of curiousity, Are u vested in Gold or working for UOB? |
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cheongwee
Elite |
04-Sep-2007 07:47
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You will regret if you dont have position in gold...and esp...with fed fund rate cut...a weaken US$ will porpel gold to at least $1250 according to expert come next year...fed will have to reduce rate at least by 1 % to be effective.. As the dollar weaken ppl will chase gold px up like any stock way out of core value...this is where we will profit...remember gold is px in US$...good luck.. |
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cheongwee
Elite |
04-Sep-2007 07:35
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Buy gold for insurance...look at the impressive graph.. http://stockcharts.com/charts/historical/djiagold1980.html Some of the reasons why:
Since 2001...gold no longer function as hedge against inflation ..it is also a very good investmant... From 2001..the DOW climb fr 8000 to 2007 14000...a gain of 75%...but gold fr $275 in 2001 to $670 today..a solid gain of 143%..almost double if u have invest in gold!!! And still better return for your investment if you have invested in gold stock...and unit trust...one such only local unit trust by UOB...known as United Gold and General...actually gave a return ratio of 1:3....i.e for 1x increase in the px of physical gold the trust value increase 3x...check out at UOB assess management web site... So who say gold does not pay interest??? |
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synnexo
Veteran |
03-Sep-2007 23:02
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Come on guys...the worst might not be over yet. Likely more to come this month. Now just concentrate on your work or whatever u need to do. Take it easy with the market. | ||||||||||||||||||||||||
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idesa168
Elite |
03-Sep-2007 22:46
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Yah man, tonight can sleep earlier since DOW is not open today...! If not always hang ard to 2am before sleep. Then morning wake up first thing not newspaper but Bloomberg...lol! | ||||||||||||||||||||||||
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tanglinboy
Elite |
03-Sep-2007 22:34
Yells: "hello!" |
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US markets close today... billywows can sleep early tonight! haha.. | ||||||||||||||||||||||||
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cheongwee
Elite |
02-Sep-2007 23:04
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now read this.........i believe they got to cut fast if it was to be effective...at least 0.5%....follow by another 0.5% later.. http://www.financialsense.com/fsu/editorials/zentay/2007/0827.html |
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cheongwee
Elite |
02-Sep-2007 22:22
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OK guy...read this for your leisure...your conclusion...black or white..doesnt matter..let fate decide..but i still think the FED is still got some of the sharp mind in economic..so.?? http://www.financialsense.com/fsu/editorials/zentay/2007/0827.html |
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CWQuah
Master |
02-Sep-2007 17:10
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Looks like an excessive dose of financial engineering was applied to US subprime markets. Risk spreading to minimise loan default risks leading to single point market failure in the mortgage market, ended up implicating other unrelated segments in the financial world. I mean, without CDOs and other such instruments, there would be little reasons for such a massive negative reaction in the equity markets worldwide just because maybe 5% of US homeowners failed to pay their mortgages for 2 mths. And to think that secondary loans could actually be offered to people to pay off their primary housing loans! This is simply living on future income. Something has to give. Whatever happened to the concept of living within one's means? |
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