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Market News that affect STI

I knew tat, I m sharing with u n fellow forumers to hv diverse views n form our own judgement.

I dun believe in any single one, I just read widely for info n ultimately, still trade based on my own TA analysis, be it right or wrong as I set my stop-loss n let my profits ride with trailing stops.

cheongwee      ( Date: 06-Aug-2009 23:55) Posted: He is fr Weiss research Institute...they have alot on their board that hold different opinion.. one is bullish on US $ and the other is bullish on gold..they are always in conflict with one another.. we shd not believe in every news we read, we shd read as many view as possible then from there arrived for ourselves..what is to come.. for myself... i see dow heading lower come late summer...dollar will rally into late summer, thus gold will go down to 760 to 800 then.. I believe HS Dent...my dow of 9800 is fr him,,,sti is i calculate myself...now he is right on dow. HSI, SSE..and oil and gold... and i believe he say of a new low ...occuring between nw and 2012... alot of ARM, comm RE..etc..have yet to unwind...so long as unemployment, financial, housing have not bottom...the economy is still not ok...   richtan      ( Date: 06-Aug-2009 23:34) Posted: Cheongwee, Hv u listen to Larry's talk in my below posting

 

as dow collapse , the dollar safe haven status will see it at 88 on the index..but long term dollar is still bearish due to the hugh fiscal deficit..

u dont say the $ is lousy, compare the US and the rest of the world,,,whose economy had fallen the hard...so the US $ is holier then the rest...

u think euro is ok,,,wait till u see them crash ,,when their brother eastern europe default on the 1.7T loan...

 

He is fr Weiss research Institute...they have alot on their board that hold different opinion..

one is bullish on US $ and the other is bullish on gold..they are always in conflict with one another..

we shd not believe in every news we read, we shd read as many view as possible then from there arrived for ourselves..what is to come..

for myself...

i see dow heading lower come late summer...dollar will rally into late summer, thus gold will go down to 760 to 800 then..

I believe HS Dent...my dow of 9800 is fr him,,,sti is i calculate myself...now he is right on dow. HSI, SSE..and oil and gold...

and i believe he say of a new low ...occuring between nw and 2012...

alot of ARM, comm RE..etc..have yet to unwind...so long as unemployment, financial, housing have not bottom...the economy is still not ok...

 

richtan      ( Date: 06-Aug-2009 23:34) Posted: Cheongwee, Hv u listen to Larry's talk in my below posting cheongwee      ( Date: 06-Aug-2009 23:31) Posted: But it is a fact...something bad coming in sept to october...hope all not too carry away

 

Cheongwee,

Hv u listen to Larry's talk in my below posting

cheongwee      ( Date: 06-Aug-2009 23:31) Posted: But it is a fact...something bad coming in sept to october...hope all not too carry away

 

But it is a fact...something bad coming in sept to october...hope all not too carry away

 

U.S. Initial Jobless Claims Fall More Than Projected (Update2)



By Bob Willis

Aug. 6 (Bloomberg) -- The number of Americans filing claims for jobless benefits fell more than economists predicted, a sign some employers have stopped paring staff as the recession eases.

Applications dropped by 38,000 to 550,000 in the week ended Aug. 1, figures from the Labor Department showed today in Washington, the fifth straight time claims were under 600,000 after being above that level since January. The total number of people collecting unemployment insurance rose.

The pace of job cuts isn’t slowing fast enough to keep unemployment from rising. A report tomorrow will show the jobless rate jumped to the highest in 26 years in July, economists surveyed by Bloomberg News predict. Stagnating wages and falling home values also mean consumer spending, about 70 percent of the economy, will be slow to recover.

“These numbers signal the worst is behind us, but we are not out of the woods yet,” said David Semmens, an economist at Standard Chartered Bank in New York. “We are not going to see strong consumer spending with numbers that look like this.”

Economists forecast claims would drop to 580,000 from a previously estimated 584,000, according to the median of 40 projections in a Bloomberg News survey. Estimates ranged from 550,000 to 600,000.

The four-week moving average, a less-volatile measure than weekly initial claims, fell to 555,250 from 560,000 the prior week.

Continuing Claims

The level of continuing claims increased by 69,000 to 6.31 million in the week ended July 25.

The unemployment rate among people eligible for benefits, which tends to track the jobless rate, held at 4.7 percent in the week ended July 25. Eight states and territories reported an increase in new claims, while 45 reported a decrease. These data are also reported with a one-week lag.

U.S. employers have eliminated 6.5 million positions since the recession began in December 2007, the most of any downturn since the Great Depression.

The Labor Department will probably report tomorrow that the economy lost 328,000 jobs in July, according to economists surveyed by Bloomberg, following a decline of 467,000 in June. The jobless rate probably rose to 9.6 percent from 9.5 percent, the survey showed.

Tide ‘Turning’

“The pace of job declines that we experienced in the last several months certainly was unsustainable and it looks like now the tide is turning,” said Carl Riccadonna, a senior economist at Deutsche Bank Securities Inc. in New York. He called 600,000 weekly jobless claims “a key level in the current environment” because they were higher for more than five months until early July.

Many companies continue to cut jobs and hours even as economists forecast a return to growth in the current quarter.

General Motors Co. may have to cut more U.S. hourly jobs after an offer of buyouts and early retirements fell about 7,500 workers short of the reorganized automaker’s target, Sherrie Childers Arb, a spokeswoman, said in an interview on Aug. 3.

She made the remarks after GM announced that more than 6,000 United Auto Workers members, or 11 percent of the hourly workforce, left the company Aug. 1.

GM’s latest voluntary exits pushed the total of U.S. hourly workers leaving through buyouts and retirement offers to about 66,000 since 2006. The biggest domestic automaker is shrinking its workforce to match reductions including the shutdown of 14 U.S. plants and 3 warehouses by the end of 2011.

Auto Bankruptcies

Jobless claims tend to be volatile in late June and July when automakers typically halt production and idle workers to re-equip factories to build new models. GM and Chrysler Group LLC halted production earlier than usual as they worked through bankruptcy proceedings.

GM emerged from bankruptcy last month and Chrysler did the same in June.

Buckeye Partners LP, the Breinigsville, Pennsylvania-based operator of U.S. oil- and gas-product pipelines, said July 20 that it will eliminate about 260 jobs, or 25 percent of its workforce, because of the “current economic environment” and may sell a conduit in the U.S. West.

“We must continuously challenge ourselves, particularly in the current economic environment, to ensure that we are positioned to generate the highest utilization of our assets at the lowest cost,” Forrest E. Wylie, chief executive officer of Buckeye’s general partner, said in a statement on July 20.

To contact the reporter on this story: Bob Willis in Washington bwillis@bloomberg.net Last Updated: August 6, 2009 10:22 EDT

 

Hi Kassanne,

Listen to the talk on DOW, gold, oil n China mkt:

Dow Gives Monthly Buy Signal ...


by Larry Edelson

 

In this week's video, I review the important monthly buy signal the Dow just hit last Friday, plus what's happening in gold, oil, the dollar, and more.

To check out the video, click here now.

Best,

Larry

Kassanne      ( Date: 06-Aug-2009 10:32) Posted: Anyone noticing shanghai selling down these few days?  Any news?

 

Stocks set for higher start

Futures turn higher after unemployment claims fall. Investors await Friday's jobs report.

 

Read today's Straits Times, "Money Section" page B16:

Citigroup up forecast for Singapore economy 

 

Read today's Straits Times, "Money Section" page B14:

DOW rally for real?

"Big money" thinks so...

 

Hahaha... should "Give the BBs a Viagra" not "Give tat man a Tiger".

iPunter      ( Date: 06-Aug-2009 16:54) Posted: The market should not be given Viagra and such... It should 'rise' on it's own accord, by coutesy of the big boys... LOL...

 

STI looks like frigid leh, cannot stand long enuf, just last a short while, now again lembeh liow, how to "STAND UP" for Singapore

iPunter      ( Date: 06-Aug-2009 16:54) Posted: The market should not be given Viagra and such... It should 'rise' on it's own accord, by coutesy of the big boys... LOL...

 

The market should not be given Viagra and such...

It should 'rise' on it's own accord, by coutesy of the big boys... LOL...

 

tomolo SSE will cheong, HK as well .... STI, i think typical loh, morning cheong, noon session will close flat or slight gain loh .....

this is what i feel lah ... of course everyone hope to see the NDP rally .... too bad, today never happen loh ....... just now cheong and now

boh lat liao ..... sigh ... really need to take some viagra liao

richtan      ( Date: 06-Aug-2009 15:10) Posted: SSE had run up a lot, so need some corrections to cool down, otherwise "bubbles" will burst one day. Kassanne      ( Date: 06-Aug-2009 10:32) Posted: Anyone noticing shanghai selling down these few days?  Any news?

 

 

SSE had run up a lot, so need some corrections to cool down, otherwise "bubbles" will burst one day.

Kassanne      ( Date: 06-Aug-2009 10:32) Posted: Anyone noticing shanghai selling down these few days?  Any news?

 

 

Anyone noticing shanghai selling down these few days?  Any news?

 

 

somewhere i read that they mistaken green weed for green shoot...i hope they are blind...so the rally can continues.......hahahahaha