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Without a good fall, how can there be a further healthy climb?
Dow marching on mark-time - hentar kaki..
As the New Moon approaches... perfecting in 2 day's time...
A serious rally should be in the making...
Cosmic forces, subtle forces, astrology...
All often appear to have a bearing on human buying/selling decisions .. .
12 June'07 - U.S. Stocks Rise, Led by Energy Shares; Exxon, H&R Block Gain
(Bloomberg) -- U.S. stocks gained after a jump in oil prices lifted energy producers and investors speculated companies in the financial services and automotive industries may be acquisition targets.
Exxon Mobil Corp., the largest oil producer, led the Standard & Poor's 500 Index higher. H&R Block Inc., the biggest tax preparer, had its steepest gain since last November after UBS AG said it may receive a leveraged buyout bid.
More than $1 trillion in takeovers this year helped the S&P 500 and Dow Jones Industrial Average reach records last week before surging Treasury yields pushed the benchmarks down from their peaks. Stocks also got a boost today when bond yields retreated from their highs of the day.
``We still think that stocks have room to rally,'' said Sean Clark, who helps manage about $1.3 billion as chief investment officer at Clark Capital Management in Philadelphia. ``Valuations are very palatable currently for the market and stocks are cheap relative to bonds.''
(Bloomberg) -- U.S. stocks gained after a jump in oil prices lifted energy producers and investors speculated companies in the financial services and automotive industries may be acquisition targets.
Exxon Mobil Corp., the largest oil producer, led the Standard & Poor's 500 Index higher. H&R Block Inc., the biggest tax preparer, had its steepest gain since last November after UBS AG said it may receive a leveraged buyout bid.
More than $1 trillion in takeovers this year helped the S&P 500 and Dow Jones Industrial Average reach records last week before surging Treasury yields pushed the benchmarks down from their peaks. Stocks also got a boost today when bond yields retreated from their highs of the day.
``We still think that stocks have room to rally,'' said Sean Clark, who helps manage about $1.3 billion as chief investment officer at Clark Capital Management in Philadelphia. ``Valuations are very palatable currently for the market and stocks are cheap relative to bonds.''
The Dow is flattish tonight after a bit of rollercoasting...
nothing drastic... :)
Tonight may see more wild swings in the DJIA...
It seems the roller-coaster swings are the norm in the Dow's upward journey.
Wish Billywows come back to the forum...
The Angmo miss month of May07, esp China S'ghai bourses and to some extend here in STI when they sell down theirs.. with some help from Ex-FED Chief. Mr Alan Greenspan famous word.
Many US investors parked their money in BOND and Mutual funds. They were scared off over past crashes.
But when they keep seeing other markets surge, they wonders if their decision is alright.
Reports said retail investors are not in the market,, confirmed by their reports from those online brokers.
By the way, US market's PE is about 16-17. although a lot of people worried but what is PE of 16 compared to market or sectors that had PE of 40+ ..??? and internet burst on year 2000 when internet stock had PE of triple digits?
But Mr Market is sentimental and had his own way of operation. If we knew we will be very very rich.
Hope all forummers here have GOOD LUCK..
DOw may have jump up. but smart havent come back yet. in fact abit more smart money left while it rally yesterday.
David Joy's comments are correct! What inflation are all the other analysts talking about. It is the strength of the US economy that is of utmost importance for stocks going forward. At crude oil price of US$75 last year we were doing fine. Now crude oil has stayed at US$65.
By Herbert Lash
NEW YORK, June 8 (Reuters) - U.S. stocks could move higher next week after a bond market rout led investors to wonder if the threat of inflation was on the horizon or if the economy was actually stronger than expected, and good for stocks.
Major stock market gauges recovered on Friday after a bond sell-off pushed the benchmark 10-year U.S. Treasury note's yield up to 5.25 percent -- matching the fed funds rate target at one point -- from levels below 5 percent a week ago. That jump in government bond yields rattled investors who, skittish about a bull market that has lasted longer than most, worry that rising capital costs will cut corporate profits.
Around midday on Friday, stocks began rallying as the 10-year note's yield retreated to around 5.11 percent.
Friday's recovery after a three-day slide is a good indication of where the market is headed as investors realized they overreacted to a spike in market interest rates, said David Joy, market strategist at RiverSource Investments.
"Interest rates are where they should be, and we haven't had any inflation. This a little adjustment to a new level of rates, a level that the stock market doesn't have a problem with," Joy said.
The blue-chip Dow Jones industrial average <.DJI> climbed 157.66 points, or 1.19 percent, to end Friday's session at 13,424.39. The broad Standard & Poor's 500 index <.SPX> gained 16.95 points, or 1.14 percent, to finish at 1,507.67. The Nasdaq Composite Index <.IXIC> advanced 32.16 points, or 1.27 percent, to close at 2,573.54. Falling oil prices on Friday also helped the major U.S. stock indexes rebound. U.S. crude oil for July <CLN7> slid $2.17 to settle at $64.76 a barrel on the New York Mercantile Exchange. For the week, NYMEX July crude fell 32 cents.
I am surprised Dow came back up so fast. I expected it to correct a bit more. I have not read what's the news behind the surge yet.
All that interest rate hike talk could be meant to scare you..........
Try again..
<a href=&http://quot;http://photobucket.com" target="_blank"><img src="http://i188.photobucket.com/albums/z262/harryp_02/2007Jun-DowJonesIndustrial-640x400.png" border="0" alt="Photo Sharing and Video Hosting at Photobucket"></a>
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Green green grass of home.... divergence absorbed and corrected liao... ho say on Monday...
DOW
13424.39 +157.66
NASDAQ
2573.54 +32.16
SP500
1507.67 +16.95
Yeah!!!
Just one word...SHIOK..DOW closed all green man..
. vested in Banjoo
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Woo..like that ahh...Banjoo "liaGee Ai Cheongg..lohh..Si Bo" Monday "Sar kart Liao"..
Nice to see the DOW looking green and fresh..... smells good too. ARRGHHHHHHH delicious!!!!