| Latest Forum Topics / Others |
 Post Reply
|
|
DOW
|
|
|
tiongkwee
Member |
11-Aug-2007 04:48
|
|
x 0
x 0 Alert Admin |
Stocks Rally Back on Fed Cash InjectionsAP -Wall Street closed out a difficult week with a mixed finish Friday after the Federal Reserve injected billions of dollars into the banking system to calm markets torn by worries about evaporating credit. Last minutes rally but still in red... |
| Useful To Me Not Useful To Me | |
|
cashiertan
Elite |
11-Aug-2007 03:27
|
|
x 0
x 0 Alert Admin |
the DOW very volatile! |
| Useful To Me Not Useful To Me | |
|
|
|
|
synnexo
Veteran |
11-Aug-2007 02:27
|
|
x 0
x 0 Alert Admin |
So by pumping more $$$ will help the market or just to soothe the pain? But the "disease" is still there...like a time bomb waiting to explode. |
| Useful To Me Not Useful To Me | |
|
synnexo
Veteran |
11-Aug-2007 02:20
|
|
x 0
x 0 Alert Admin |
The unemployment rate for July inched up to 4.6 percent. If the unemployment rate ticks up in August to 4.7 percent, Hembre said the Fed would probably feel comfortable cutting rates since that would be a firm sign that the economy is weakening and would be in need of a boost. But the Fed may not have the luxury of waiting that long. David Kelly, senior economic advisor with Putnam Investments, said that even though the Fed probably would rather hold off on a rate cut, market turmoil may force its hand as it did for the Maestro in 1998 and 2001. "If the credit situation gets worse, the Fed could come back and cut rates as soon as next week. The Fed will look back at other crises like 9/11 and the Asia financial crisis for guidance," Kelly said. "I hope the Fed doesn't have to react but if it does it will be because of the markets. In the end, hysteria is dangerous and it can have economic consequences." Still, some argue that a rate cut could be counter-productive since it could weaken an already moribund dollar, which in turn, could make U.S. Treasuries less attractive to foreign buyers. And if that happens, longer-term bond yields, which have a direct effect on mortgage rates, could head even higher, which would have the potential of making the credit crunch even worse. With this in mind, Subodh Kumar, an independent market strategist said that the Fed and other central banks around the world would be better off pumping more liquidity into the financial markets instead of lowering rates. The European Central Bank and several Asian banks have been injecting more cash into the markets this week and the Fed announced Friday it was committed to doing the same. "The Federal Reserve is providing liquidity to facilitate the orderly functioning of financial markets," the central bank said in a statement. "The Federal Reserve will provide reserves as necessary through open market operations to promote trading in the federal funds market at rates close to the Federal Open Market Committee's target rate of 5-1/4 percent." Kumar said the Fed needs to be more level-headed than the stock and bond markets and that a rate cut would be an unnecessary knee-jerk reaction. "Central banks have clearly provided liquidity to the markets this week and that's a separate issue than cutting interest rates," Kumar said. "The Fed will try to respond to these problems by providing more liquidity and that could calm markets down. I don't think the Fed should panic." |
| Useful To Me Not Useful To Me | |
|
synnexo
Veteran |
11-Aug-2007 02:05
|
|
x 0
x 0 Alert Admin |
Oops cheongwee, This news is bad news at this time...if the recession is to come now, definitely its going to last longer than the last recession. Gosh...did US just raise the interest rates??? |
| Useful To Me Not Useful To Me | |
|
|
|
|
cheongwee
Elite |
11-Aug-2007 01:10
|
|
x 0
x 0 Alert Admin |
Hey guy...read this...some guy fr weiss research Dr Martin Weiss..send me mail end june saying dow got double top...i though well in any bull there are alway bear who shout bear...didnt expect them to be so accurate...if have follow then would have make a bundle,,,now read this........ http://www.dailywealth.com/ Arrived at a decision yourself..... |
| Useful To Me Not Useful To Me | |
|
victorian2
Senior |
11-Aug-2007 01:08
|
|
x 0
x 0 Alert Admin |
simple.. 20 more days to end of august for end of reporting reason in the US just like the rest of the world. Every other day, one key financial institution reports on a provision..... fund redemption freeze, a housing brokerages closing down at the weight of non-funding from banks...... these are all newsworthy news to be reported by the press and media... who cares about whether the economy is doing well, jobs are added, railway, trucks and domestic transport companies having huge supply bottlenecks, threat of inflation from demand driven activities, IR effect in Singapore... commodity prices still sky high. Subprime and credit crunch in reaction to subprime is the NEWS of the Month...... the guessing who's the next to get wacked financially from a provision..... it's just so overblown... but presents fantastic opportunities to buy dirt cheap stocks.. when all this blows over in a month of so... by then, no one will be reporting all the bad numbers & it's all old news.... like the yen carry trades. |
| Useful To Me Not Useful To Me | |
|
synnexo
Veteran |
11-Aug-2007 01:05
|
|
x 0
x 0 Alert Admin |
Agree with victorian2. Better to have the base form asap rather than the 3-days up & 2-days down thingie. But the mortgage pain is dragging everything down. The ups doesn't shake away the worries of the subprime woes. |
| Useful To Me Not Useful To Me | |
|
|
|
|
cyjjerry85
Elite |
11-Aug-2007 00:59
|
|
x 0
x 0 Alert Admin |
DOW is realli downtrend now...however still can't really imagine it going to to 126000....tt's massive drop |
| Useful To Me Not Useful To Me | |
|
victorian2
Senior |
11-Aug-2007 00:44
|
|
x 0
x 0 Alert Admin |
Dow needs to go 10% fulldown to 126000 quickly & then find a floor to form the base. This seesaw volatility is not good & will keep the floor from being formed. I know it's tough to fathom but seriously necessary to have the stabilty to the asian markets in time to come. |
| Useful To Me Not Useful To Me | |
|
cyjjerry85
Elite |
11-Aug-2007 00:28
|
|
x 0
x 0 Alert Admin |
cheong up green quite fast pace now after what a DOW DOWN ...wad a market...strong waves of volatity |
| Useful To Me Not Useful To Me | |
|
Happyseah
Senior |
11-Aug-2007 00:27
|
|
x 0
x 0 Alert Admin |
Dow up 21 pts now. Still, trade with care on Monday. Initial euphoria might turn into continued downward selling pressure on stocks....especially penny stocks...with weak fundamental.... |
| Useful To Me Not Useful To Me | |
|
|
|
|
cheongwee
Elite |
11-Aug-2007 00:26
|
|
x 0
x 0 Alert Admin |
KiLr0y..u are right ..agree with u...2 step down one step up...long term, still down trend ..trade with care. |
| Useful To Me Not Useful To Me | |
|
KiLrOy
Master |
11-Aug-2007 00:16
Yells: "I buy only what I can see." |
|
x 0
x 0 Alert Admin |
In this volatile market I wont be surprise if DOW closes positive 100+ points. My GBP/USD position is already up 60 points. :) |
| Useful To Me Not Useful To Me | |
|
cheongwee
Elite |
11-Aug-2007 00:10
|
|
x 0
x 0 Alert Admin |
If not seroius why inject more cash into market....let market force play lah..by doing so...we should be even more careful...trade with care!! Now the only thing is for FED to do nothing...at least this way they take longer to die.. |
| Useful To Me Not Useful To Me | |
|
Happyseah
Senior |
11-Aug-2007 00:06
|
|
x 0
x 0 Alert Admin |
DOW recovering from initial 200 points drop!! Might even turn positive!! |
| Useful To Me Not Useful To Me | |
|
best888
Member |
10-Aug-2007 23:59
|
|
x 0
x 0 Alert Admin |
|
| Useful To Me Not Useful To Me | |
|
cheongwee
Elite |
10-Aug-2007 23:44
|
|
x 0
x 0 Alert Admin |
During Alan Greenspan early year the US was solid...suka suka can reduce rate and increase as they see fit,,,but not now..with the dollar goignto bite the dust.. Reduce rate..the dollar sink faster..inflation rise...increaase rate...housing died faster...the stock market get even worse...this time they died....better buy gold..this wat invester will think next..but not u |
| Useful To Me Not Useful To Me | |
|
cheongwee
Elite |
10-Aug-2007 23:19
|
|
x 0
x 0 Alert Admin |
Central bank know better than us abt the situation of the economy...look they are very kang cheong injection cash into the market...should we not panic???CB around the world...not only US..arent u scare...come DEC we will know whether there is recession for all..... |
| Useful To Me Not Useful To Me | |
|
cheongwee
Elite |
10-Aug-2007 23:14
|
|
x 0
x 0 Alert Admin |
Bernanke cannot reduce rate ...if he does than the dollar will go down causing high inflation..also bad for stock..if he dont than housing go down...subprime got worse with credit crunch... This time they are in deep shit!!! |
| Useful To Me Not Useful To Me | |