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LoveToInvest ( Date: 17-Jul-2013 22:50) Posted:
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Record high after record highs. Just buy and buy, and don't worry about the bubble bursting because it won't happen.
The reason it won't burst is that it is no longer a balloon but a rubber ball. 16000 for Dow, but of course before you get there, you should sell as it goes up for a good profit. Wahahaha!!!
Markets Overview
Data as of 10:15am ET
Thursday’s Trading:
Jul 18 10:06am:
Investors pushed the Dow to a new trading high early Thursday as they wait for the latest missive from Federal Reserve chairman Ben Bernanke. More
Short sell orders executed on
18 July 2013
..S'pore banks raise fixed-rate loans
http://sg.finance.yahoo.com/news/spore-banks-raise-fixed-rate-loans-083131265.html
Ben's remarks offered no surprises and largely echoe a restatement of views he and other Fed officials have been making in recent weeks to try and calm turbulent markets. He is set to testify before the Senate banking committee later today and we expect him to reiterate the flexibility of the Fed’s monetary policy.
The STI is expected to remain in a holding pattern, having crossed into overbought territory with upside resistance capped at 3,260 and underlying support at 3,200
四 面 埋 伏 ， 綻 退 为 近 ， 等 待 时 机 。
LoveToInvest ( Date: 18-Jul-2013 08:22) Posted:
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Mr Bernanke said that the central bank's asset purchases " are by no means on a preset course" , and could be reduced more quickly or expanded as economic conditions warrant.
" The current pace of purchases could be maintained for longer if inflation remained too low, the outlook for employment became less favourable or financial conditions - which have tightened recently - were judged to be insufficiently accommodative to allow us to attain our mandated objectives," he said yesterday to the House Financial Services Committee.
If the economy improved faster than expected, and inflation rose back " decisively" towards the central bank's 2 per cent target, " the pace of asset purchases could be reduced somewhat more quickly" , he said in prepared testimony. The Fed would also be prepared to increase the pace of purchases " for a time, to promote a return to maximum employment in a context of price stability" .
岳 飞 真 好 看 ！
Continue to chiong today!
一 发 即 中 。
LoveToInvest ( Date: 18-Jul-2013 07:34) Posted:
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出 轨 而 行 ， 方 为 上 上 之 策 。
As usual...
Ah Ben--Handsome n powerful !!!
Cheers!!! Huat Arh!!!Have a great trading day!!!!
Ah Ben--Handsome n powerful !!!
Cheers!!! Huat Arh!!!Have a great trading day!!!!
| teeth53 ( Date: 18-Jul-2013 00:57) Posted: |
包 公 和 白 雪 公 主 结 婚 ， 生 了 孩 子 叫 什 么 ？
LoveToInvest ( Date: 17-Jul-2013 22:45) Posted:
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Haha,clever!!!
warrenbegger ( Date: 17-Jul-2013 22:33) Posted:
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Xiao Bian and Da Bian ?
LoveToInvest ( Date: 17-Jul-2013 06:52) Posted:
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Can't fight this feeling - Sang by Red Speedwagon..Nice song
LoveToInvest ( Date: 17-Jul-2013 21:58) Posted:
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Reuters) - Bank of America Corp posted a 70 percent jump in quarterly profit, helped by higher stock trading revenue and lower expenses as Chief Executive Brian Moynihan's efforts at a turnaround showed early signs of paying off.
Business was stronger in a number of areas for the second-biggest U.S. bank by assets. Retail brokerage and asset management income rose 38 percent, while trading income, excluding an accounting adjustment, jumped 57 percent, it said on Wednesday. Retail and small business banking income gained 15 percent.
The bank's shares added 1.3 percent to $14.10 before the bell.
Across the bank, revenue was up 3.5 percent and operating expenses fell 6 percent. Moynihan has been trying to boost revenue by selling more products to customers.
Bank of America (Other OTC: BACYL - news) unveiled an initiative in 2011 that aimed to save $8 billion a year, and has set a goal of achieving $1.5 billion in savings per quarter by the fourth quarter of 2013.
Net income for common shareholders rose to $3.57 billion, or 32 cents per share, from $2.10 billion, or 19 cents per share, a year earlier. Revenue, net of interest expense, rose to $22.73 billion from $21.97 billion.
Analysts, on average, expected earnings of 25 cents per share, according to Thomson Reuters I/B/E/S.
JPMorgan Chase & Co (NYSE: JPM - news) and Citigroup Inc (NYSE: C - news) posted bigger gains in revenue than Bank of America, but their net income did not rise as much because of less aggressive cost-cutting.
Bank of America's operating expenses fell to $16.02 billion from $17.05 billion in the same quarter last year.
Sales and trading revenue rose to $4.15 billion, excluding an accounting adjustment, from $3.73 billion last year. Income in its global markets unit soared to $935 million from $595 million, excluding the accounting adjustment that allowed the bank to book gains and losses based on changes in the value of its own debt.
The sales and trading results were driven by equities sales and trading, where revenue, excluding the adjustment, rose 53 percent to $1.2 billion.
But fixed income, currency, and commodities sales and trading revenue fell by $296 million to $2.3 billion. Most other banks posted gains in bond trading, even as yields rose during the quarter. But changes in bond yields hurt Bank of America's mortgage-backed securities business.
WIDENING MARGINS
Revenue in the global banking division rose 5.9 percent to $4.14 billion, driven by a 24 percent increase in investment banking fees.
Revenue in consumer and business banking was little changed at $7.43 billion, while global wealth and investment management business increased 10 percent to $4.50 billion on higher asset management fees.
Bank of America's shares have risen nearly 20 percent this year through Tuesday, below the 25 percent increase in the KBW bank index .
Net interest margin, a measure of the profitability of its loans, rose to 2.44 percent from 2.21 percent a year earlier.
Rising interest rates should alleviate pressure on margins, but that trend will take time to have a material impact on interest margins.
(Reporting by Peter Rudegeair in New York Additional reporting by Anil D'Silva and Tanya Agrawal in Bangalore Editing by Dan Wilchins, Ted Kerr and Jeffrey Benkoe)
http://finance.yahoo.com/news/bank-america-profit-rises-70-111358542.html?l=1
Business was stronger in a number of areas for the second-biggest U.S. bank by assets. Retail brokerage and asset management income rose 38 percent, while trading income, excluding an accounting adjustment, jumped 57 percent, it said on Wednesday. Retail and small business banking income gained 15 percent.
The bank's shares added 1.3 percent to $14.10 before the bell.
Across the bank, revenue was up 3.5 percent and operating expenses fell 6 percent. Moynihan has been trying to boost revenue by selling more products to customers.
Bank of America (Other OTC: BACYL - news) unveiled an initiative in 2011 that aimed to save $8 billion a year, and has set a goal of achieving $1.5 billion in savings per quarter by the fourth quarter of 2013.
Net income for common shareholders rose to $3.57 billion, or 32 cents per share, from $2.10 billion, or 19 cents per share, a year earlier. Revenue, net of interest expense, rose to $22.73 billion from $21.97 billion.
Analysts, on average, expected earnings of 25 cents per share, according to Thomson Reuters I/B/E/S.
JPMorgan Chase & Co (NYSE: JPM - news) and Citigroup Inc (NYSE: C - news) posted bigger gains in revenue than Bank of America, but their net income did not rise as much because of less aggressive cost-cutting.
Bank of America's operating expenses fell to $16.02 billion from $17.05 billion in the same quarter last year.
Sales and trading revenue rose to $4.15 billion, excluding an accounting adjustment, from $3.73 billion last year. Income in its global markets unit soared to $935 million from $595 million, excluding the accounting adjustment that allowed the bank to book gains and losses based on changes in the value of its own debt.
The sales and trading results were driven by equities sales and trading, where revenue, excluding the adjustment, rose 53 percent to $1.2 billion.
But fixed income, currency, and commodities sales and trading revenue fell by $296 million to $2.3 billion. Most other banks posted gains in bond trading, even as yields rose during the quarter. But changes in bond yields hurt Bank of America's mortgage-backed securities business.
WIDENING MARGINS
Revenue in the global banking division rose 5.9 percent to $4.14 billion, driven by a 24 percent increase in investment banking fees.
Revenue in consumer and business banking was little changed at $7.43 billion, while global wealth and investment management business increased 10 percent to $4.50 billion on higher asset management fees.
Bank of America's shares have risen nearly 20 percent this year through Tuesday, below the 25 percent increase in the KBW bank index .
Net interest margin, a measure of the profitability of its loans, rose to 2.44 percent from 2.21 percent a year earlier.
Rising interest rates should alleviate pressure on margins, but that trend will take time to have a material impact on interest margins.
(Reporting by Peter Rudegeair in New York Additional reporting by Anil D'Silva and Tanya Agrawal in Bangalore Editing by Dan Wilchins, Ted Kerr and Jeffrey Benkoe)
http://finance.yahoo.com/news/bank-america-profit-rises-70-111358542.html?l=1