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DOW

Broken liao..next support 9134 which look a bit more stronger.

richtan      ( Date: 01-Sep-2009 23:20) Posted: DOW probably testing the previous resistance at 9400 as support, if tat fails, next at around 9180:

 

2 thing you must know...before you sell!!!!

dont be frighten by bearish post in this forum...they got no integrity to talk abt...except they are sour they sold early and jeolous of other....

ask yourself...why it is down?..it is down due to bad news???no bad news...then why down...simple profit taking on dow component...

so if you see clearly in this manner what action you take??

sell..tomolo or buy tomolo???

i suggest buy tomolo???the best time to buy is that the market are having a great discount sale...

tomolo a great Singapore sale for me...

 

i thought you mentioned last night to load more today? Now wanna say sell and follow trend? Hmmm... nice talking you have there.

Nonetheless, i hope the people who invest will read more about the market news rather than your bullshit here.

cheongwee      ( Date: 01-Sep-2009 23:44) Posted: ..oh now you come out already...but no worry guy..we will sell ..we follow trend..you follow your stubborness.. you miss alot of profit..you sell too ealry.......even those who sell today is still better off then you,,,.but we got lot of profit to loss... Integrity      ( Date: 01-Sep-2009 23:40) Posted: cheongwee, i prefer to be stubborn rather than your kind advice to load more today. PHEW!

 

..oh now you come out already...but no worry guy..we will sell ..we follow trend..you follow your stubborness..

you miss alot of profit..you sell too ealry.......even those who sell today is still better off then you,,,.but we got lot of profit to loss...

Integrity      ( Date: 01-Sep-2009 23:40) Posted: cheongwee, i prefer to be stubborn rather than your kind advice to load more today. PHEW!

 

Wah.. tmr STI likely "凶多吉少".. just hope today dont DOWS close down >200pts.. and tmr SSE dont 'chu' any stunts..later SSE down another 6% tomorrow.. then really good luck for those who are holding already..

DJ INDU AVERAGE

9496.28

9330.62

-165.660

-1.7

9557.95

9316.04

Broad based losses throughout.. lagging DOWs => BAC and AMEX (financials).GE also down ~3.5%.

 

relax lah, fall so fast, IF got rebound also very fast one.

 

cheongwee, i prefer to be stubborn rather than your kind advice to load more today. PHEW!

 

haiz...is getting closer to -200..sian..dun tell me end up so bad to9.

no eye see liao...prepare to see how bad is asia market tmr...

cheongwee      ( Date: 01-Sep-2009 23:31) Posted: i thk if market got brain and eye..it is AIG and the gang that causes the dow to sink not economic data.. they are up too fast and too much..time to correct.. hope our market know and not follow lau sai... what the heck...shd be 100 pts positive..not neg..

 

Tml sure gg..  

 

U.S. Stocks Drop as Slump in Financials Offsets Economy Data

By Lynn Thomasson

Sept. 1 (Bloomberg) -- U.S. stocks fell, led by financial shares, as concern the recent rally in equities outpaced the outlook for earnings overshadowed data on manufacturing and pending home sales that topped economists’ estimates.

American International Group Inc. and MetLife Inc. declined after analysts said the insurers’ shares have risen too far, too fast. Marshall & Ilsley Corp. and SunTrust Banks Inc. led declines in 20 of 24 companies in the KBW Bank Index.

“The future for the banks is not as muddy as it was too quarters ago, but it’s still not clear,” said Don Wordell, the Orlando, Florida-based manager of the RidgeWorth Mid-Cap Value Equity Fund that has outperformed 94 percent of rivals in the past five years. “The market can’t sustain these huge moves.”

The Standard & Poor’s 500 Index lost 0.7 percent to 1,013.58 at 11:11 a.m. in New York. The Dow Jones Industrial Average decreased 73.98 points, or 0.8 percent, to 9,422.33.

U.S. stocks have fallen for three straight days on growing concern the rebound in equities may have gotten ahead of the prospects for a recovery from the first global recession since World War II.

A 52 percent jump in the S&P 500 from an 11-year low in March left the equity benchmark valued at about 19 times the profits of its companies as of the end of last week, the most expensive level since June 2004. The 50 percent rally in Europe’s Dow Jones Stoxx 600 Index over the same period drove the average price-earnings valuation for its companies to the highest level since 2003.

Bearish Bets

Paul Tudor Jones’s Tudor Investment Corp., Clarium Capital Management LLC and Horseman Capital Management Ltd. are among funds betting that Goldman Sachs Group Inc. and Morgan Stanley got it wrong in declaring the start of an economic recovery. The firms oversee a combined $15 billion in so-called macro funds, which seek to profit from economic trends by trading stocks, bonds, currencies and commodities.

The S&P 500 added 3.4 percent in August for a sixth straight monthly advance, the longest stretch of gains since January 2007, as reports from consumer confidence to home sales signaled an economic recovery. September is historically the worst month for U.S. stocks, with the benchmark index losing 1.3 percent on average since 1928, according to data compiled by Bloomberg.

Valuations for U.S. stocks look “marginally stretched” compared with other developed markets, Credit Suisse said in a research report. Strategist Andrew Garthwaite predicted American equities will underperform when the Institute for Supply Management’s manufacturing index is above 50 and rising.

To contact the reporter on this story: Lynn Thomasson in New York at lthomasson@bloomberg.net.

Last Updated: September 1, 2009 11:12 EDT

cheongwee      ( Date: 01-Sep-2009 23:31) Posted: i thk if market got brain and eye..it is AIG and the gang that causes the dow to sink not economic data.. they are up too fast and too much..time to correct.. hope our market know and not follow lau sai... what the heck...shd be 100 pts positive..not neg..

 

my boss said... 

rule 1: dun read the news....

rule 2: no hue comments....

rule 3: dun tell u.... dun tell u....

hehe....

 

i thk if market got brain and eye..it is AIG and the gang that causes the dow to sink not economic data..

they are up too fast and too much..time to correct..

hope our market know and not follow lau sai...

what the heck...shd be 100 pts positive..not neg..

 

C and BAC kena Big Time.... hehe.... 

 

I read somewhere this wk is called the junior trader wk. Typically volatile, typically light vol... I'm believing Dow will cheong back only when the big funds mngrs are back in business after labour day. This small trader can't move the market convincingly. Meanwhile just sit tight, I think for now, China n HK will weight more heavily for STI...

We should be seeing shares like AIG, Citigroup and some shares that went wild during the last few wks correct significantly once normal trading resume(after labour day)... I'm also believing thats when the next upswing will start to cover loss ground... hope i'm rite...

Meanwhile SSE have corrected so deeply may mean limited downside... I'm pretty optimistic short term...

 

DOW probably testing the previous resistance at 9400 as support, if tat fails, next at around 9180:

 

Can anyone enlighten a novice like me on why the sudden selldown when most of the critical macrodata today are positive?

DJ INDU AVERAGE

9496.28

9409.22

-87.060

-0.9

9557.95

9393.65

Profit-taking by retailers? Fund managers?

 

wow..-100 pts liao...how will STI react tmr???

 

Period mah

maxcty      ( Date: 01-Sep-2009 23:16) Posted: your boss like red so much?? handon      ( Date: 01-Sep-2009 22:59) Posted: my boss said SKY got EYE.... dow more red SKY more EYES.... hehe....  juz like the GOD with 3 EYES + 1 DOG... hehe...   Let see....

 

your boss like red so much??

handon      ( Date: 01-Sep-2009 22:59) Posted: my boss said SKY got EYE.... dow more red SKY more EYES.... hehe....  juz like the GOD with 3 EYES + 1 DOG... hehe...   Let see....

 

funny Dow Jones......why?