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1701-1720 of 2099
Sub-prime financial crisis of 2007–2009 began in July 2007
STI road to recovery began on 4th May 2009 (Breakout 200MA), the bull rally is on now!!! Right?
Chinese government officials did not inform the World Health Organization of the SARS outbreak until February 2003
STI road to recovery began on 2nd Jun 2003 (Breakout 200MA), the bull ended on 14th Dec 2007 (Breakdown 200MA)
Asian Financial Crisis Began on July 1997
STI road to recovery began on 2nd Nov 1998 (Breakout 200MA), the bull ended on 21st Feb 2000 (Breakdown 200MA)
http://finance.yahoo.com/echarts?s=%5Esti#chart42:symbol=^sti;range=19970303,20090508;indicator=sma(200)+macd+stochasticslow;charttype=ohlc;crosshair=on;ohlcvalues=0;logscale=off
Experts are talking about the GIANT RALLY coming .,.................
Waiting for this big one to come ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
You are right...
with the US printing more new money to maintain the status quo, and bailing out failing entities, nothing is bad enough news.
Thus we need not worry about a collapse of the economic system yet...
That worry belongs to our grand-children... Meantime, enjoy the ride up...
This rally for STI still has much room to go
It has not reach a point where all second liners feels overbought , in fact alot of second liners are still cheap
Until that happens, the correction will come, provided it does not blow into a huge speculative fever e,g like the Jade saga
In the last month, what can be more bearish than the flu threat?
Yet amid that great fear worldwide, the market has been rising so much...
What greater signs do we need than this?...
US stress tests look ok. Job data is getting better...Momentum is gathering. Not sure if it will be a V shape recovery...Hard to say.
Mr Market always gives the unexpected one. People expected U or L shape, it might us give us a V-shape when everyone scared of missing and jump in.... Will see.
lookcc ( Date: 08-May-2009 22:15) Posted:
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Stocks rally after jobs report
Wall Street advances after government reports fewer job losses in April, although unemployment rate hits 25-year high. Stress test results in focus too.
The Dow Jones industrial average (INDU) gained 113 points, or 1.1% in the early going. The S&P 500 (SPX) index rose 13 points, or 1.5%. The Nasdaq composite (COMP) added 18 points, or 1.1%.
Bank and commodity shares led the early advance. Stocks had been primed for a strong start to the session even before the employment report after the government unveiled the results of its bank stress tests late Thursday.
Wall Street pulled back Thursday as investors took a breather after a two-month old rally. The Dow lost 1.2%, the S&P 500 fell 1.3% and the Nasdaq composite tumbled 2.4%.
Jobs: The economy lost 539,000 jobs in April, the Labor Department reported. Economists surveyed by Briefing.com had forecast a loss of 600,000 jobs.
April's loss was 160,000 fewer than in March, and was the lowest since October, when the economy shed 380,000 jobs.
As expected, the nation's unemployment rate rose to 8.9% in April from 8.5% the month before. It was the worst reading since September 1983.
"On balance, the story is that the pace of monthly job losses may be coming down," said Hugh Johnson, chief investment officer at Johnson Illington Advisors. "That's good news that will help the markets."
But he cautioned that the increase in the unemployment rate and upward revisions to the March total make the jobs picture "far more mixed."
Banks: After U.S. markets closed Thursday, federal regulators said 10 of the 19 largest U.S. banks will need to raise a total of $74.6 billion in capital.
Investors, who have been speculating for weeks just how much additional capital some banks may need to withstand the economic downturn, appear relieved that the results are finally out in the open.
"We passed the stress test fairly well," Johnson said. "Although there are some problems among the 19 banks, they were not as significant as we thought two weeks ago."
Corporate results: Before the market opened, Fannie Mae (FNM, Fortune 500) reported a $23.2 billion loss for its first-quarter and said it requested another $19 billion from the government.
Warren Buffett's Berkshire Hathaway (BRK.A) is slated to issue its financial results after U.S. markets close.
Embattled insurer AIG (AIG, Fortune 500) said late Thursday that it narrowed its quarterly loss by 44% to $4.4 billion.
World markets: Asian stocks finished the session higher. European markets were also higher in afternoon trading, with financial shares leading the advance.
Money and oil: The dollar rose versus the yen, but slipped against the euro and the British pound. The price of oil rose $1.05 to $57.76 a barrel
DBS Group said today it was reasonably confident about its outlook since the economic downturn was bottoming in its main markets of Singapore and Hong Kong, but it would continue to see bad loans, reported Thomson Reuters.
“The deterioration has stopped getting worse... I feel we are at a bottom,” said chairman Koh Boon Hwee at a post results briefing, when asked about the economic outlook for Singapore and Hong Kong.
Earlier today, DBS, Southeast Asia’s biggest bank, posted a smaller-than-expected 28% drop in quarterly profit, as strong loan growth and trading gains partially offset a near tripling in bad debt charges.
Source: http://www.theedgesingapore.com/daily/964-Investing%20(2009)/4243-dbs-says-downturn-bottoming-in-singapore-hong-kong.html
unemployment figure... better than expected
WASHINGTON, May 8, 2009 (AFP) - The US unemployment rate rose to 8.9
percent in April with 539,000 jobs lost, government data showed Friday, in a
report not as bad as feared by private analysts for the recession-stricken
economy.
TOKYO
Japanese share prices ended 0.50 per cent higher on Friday amid hopes that the worst of the financial crisis may be over, brokers said.
The Nikkei-225 index, which soared on Thursday to a six-month high, gained 47.13 points to 9,432.83. The broader Topix index of all first section shares rose 9.42 points, or 1.06 per cent, to 895.35.
HONG KONG
Hong Kong share prices ended the morning 0.21 per cent higher on Friday, as strong investor confidence helped wipe out early losses, dealers said.
The benchmark Hang Seng Index ended the session up 35.74 points at 17,253.63, after falling more than 200 points at the opening. Turnover was HK$44.15 billion.
SHANGHAI
Chinese shares fell 0.43 per cent by midday on Thursday, with auto makers and metal firms leading declines due to profit-taking after recent gains, dealers said.
The Shanghai Composite Index, which covers A and B shares, was down 11.25 points at 2,586.20.
'The market will likely consolidate in the short term, as investors become more divided about the outlook for the market,' Chen Xiangsheng, an analyst at Citic China Securities, told Dow Jones Newswires.
The Shanghai A-share index fell 11.73 points, or 0.43 percent, to 2,714.84, while the Shenzhen A-share index dropped 13.61 points, or 1.47 per cent, to 911.24.
KUALA LUMPUR
At 10.30 am on Friday, there were 198 gainers, 289 losers and 183 counters traded unchanged on the Bursa Malaysia.
The KLCI was at 1016.80 down 6.67 points, the FBM2BRD was at 4,459.02 down 18.74 points and the FBMEmas was at 6,771.89 down 48.38 points.
Turnover was at 978.801 million shares valued at RM425.192 million.
Over 2.8 billion shares were traded until the break.
Gainers beat losers 463 to 102.
TOKYO
Japanese share prices fell slightly in morning trade on Friday after an overnight slump on Wall Street and the release of the results of Washington's banking sector 'stress tests'.
Stocks eased off the previous day's six-month high following New York's decline, which was sparked by signs of problems in the bond market.
After the close on Wall Street, Washington said 10 major US banks needed to raise a total of US$74.6 billion to shield themselves against the risk of a deeper economic slump.
The Nikkei fell 4.62 points, or 0.05 per cent, to 9,381.08 by the lunch break, a day after soaring 4.55 per cent. The broader Topix index of all first section shares shed 1.14 points, or 0.13 per cent, to 884.79.
HONG KONG
Hong Kong share prices opened 1.29 per cent lower on Friday, with the Hang Seng Index falling 222.88 points to 16,995.01 in the first few minutes of trading.
SHANGHAI
Chinese share prices were up 0.26 percent in early trade on Friday, led by medicine makers after Beijing said it would take steps to increase the use of traditional Chinese medicines, dealers said.
The Shanghai Composite Index, which covers A and B shares, was up 6.69 points at 2,604.13.
The Shanghai A-share index rose 7.06 points, or 0.26 per cent, to 2,733.63, while the Shenzhen A-share index lost 2.46 points, or 0.27 per cent, to 922.39.
KUALA LUMPUR
At 10.30 am on Friday, there were 198 gainers, 289 losers and 183 counters traded unchanged on the Bursa Malaysia.
The KLCI was at 1016.80 down 6.67 points, the FBM2BRD was at 4,459.02 down 18.74 points and the FBMEmas was at 6,771.89 down 48.38 points.
Turnover was at 978.801 million shares valued at RM425.192 million.
Blastoff ( Date: 08-May-2009 11:34) Posted:
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Bull wins. Bear loses.
People betting market to drop VS People investing in true valued company.
end of month , probably we might see STI index 2400. DBS and UOB is already back to their almost regular price , 14 plus dollar.
cathylmg ( Date: 08-May-2009 11:27) Posted:
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