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tats y AMerican r fat.............n lay flat.........hehhehehe
Alemak, wat if after heavy lunch, they snooze.... DOW go flat....
foucs6900 ( Date: 31-Jul-2009 22:31) Posted:
| They having Tea break now or mayb early lunch........after 12pm US local time......we will see..........up up n away......dun go to Holland can liao.....lol |
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Its not the absolute value of -1% that is important..... but rather the expected value vs the actual value.
The market was expecting a fall of -1.4% but the actual value was -1% only.
That's why the Dow turned green. The value of -1.4% was originally factored into the Dow. So now it turns green to take into account the better than expected news.
petertan4949 ( Date: 31-Jul-2009 22:28) Posted:
| read CNN. GDP -1% but dow is still not running, maybe BB at Wall st haven't start work. see later how? |
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They having Tea break now or mayb early lunch........after 12pm US local time......we will see..........up up n away......dun go to Holland can liao.....lol
read CNN. GDP -1% but dow is still not running, maybe BB at Wall st haven't start work. see later how?
I think , I THINK, tonite might be another 3 figure closing, if GDP is solid.
thne next week will be another profitable week for us.
Hahaha, now green again, see saw like us...........nx week hope local 3 banks will push our index up further..........if not we all boycott the 3s.....put our $ in Maybank.....hahaha joking oni....
Alemak, DOW has been sprinting for the past 14 days, surely must squat down to chuan kui mah.
dealer0168 ( Date: 31-Jul-2009 22:11) Posted:
Hahaha, don't tell me American also kiasi liao.......haha
foucs6900 ( Date: 31-Jul-2009 22:09) Posted:
| Alreadi out liao lor, is -1% better than expected.....but open red.....green......n nw red........crazy crazy crazy.....very like sporean liao kiasi...... |
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ya, already out ..... 1 %, beat the forecast 1.5%. hope to bank stocks can lift up DJ again .....
will DJ close green ? last minute push up as STI did ? window dressing ?
next week new sentiment again .... still remain bullish, but will be a sea-saw one ....
Hehe, mayb gana our super virus.....
Ant bro here vest US stocks for long, if yes, i said if yes oni hor, look at NYSE:ARM, good stock.......hv monitor it frm USD 3 when May n nw is USD 6, TP px will be ard USD 20 for long term vest (3yrs). Friend of my recommend, but me no more $ to vest liao, he lucky he vest when is dirt cheap ard USD 0.30 n he hammer it quite alot n sold at USD 3 plus, super profit........do some research b4 commit.....
Hahaha, don't tell me American also kiasi liao.......haha
foucs6900 ( Date: 31-Jul-2009 22:09) Posted:
| Alreadi out liao lor, is -1% better than expected.....but open red.....green......n nw red........crazy crazy crazy.....very like sporean liao kiasi...... |
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Alreadi out liao lor, is -1% better than expected.....but open red.....green......n nw red........crazy crazy crazy.....very like sporean liao kiasi......
Tonite, GDP, anyone know what time the report out?
if it is less than -1.5, next week is going to be another profitable week.
To be frank, STI may rally to test a few of the higher resistance levels (which includes the heavy resistance levels around the 2660 to 2700 region, etc) til before pulling back decisively. So it may overshot 2700.
So hold your seat well, for a exciding ride next week onwards.
Economy: The pain is starting to ease
The nation's gross domestic product declined 1% in the second quarter, less than expected and better than the first quarter's drop.
By
David Goldman, CNNMoney.com staff writer
Last Updated: July 31, 2009: 9:35 AM ET
NEW YORK (CNNMoney.com) -- The pace of economic decline slowed substantially in the second quarter, as the U.S. economy shrank at an annual rate of 1% -- far less than it did in the first quarter, according to a government report released Friday.
Economists surveyed on Briefing.com expected the second-quarter reading to show the economy contracted at an annual rate of 1.5%.
The economy has been mired in recession since December 2007, worsening in recent quarters. The fourth quarter of 2008 and first quarter of 2009 measured the worst two quarterly declines in 26 years -- the nation's gross domestic product fell a revised 5.4% and 6.4% respectively.
The slower second-quarter contraction was largely due to a smaller decline in exports as consumer prices and government spending rocketed higher.
That partially offset a 1.2% decline in consumer spending in the second quarter, which makes up about 70% of GDP. The decline in business inventories also took a significantly smaller bite out of GDP last quarter than in the previous two quarters.
GDP, the broadest measure of economic activity, has contracted for four straight quarters -- the first time that has happened since the Commerce Department began tracking that measure in 1947. But the most recent quarterly decline is the smallest since the third quarter of 2008, giving hope to some economists that the recession is at or nearing an end.
Farewell recession? Lakshman Achuthan, managing director of the Economic Cycle Research Institute, expects the recession to come to an end this summer. He noted that GDP is a trailing indicator, but the change in direction suggests the worst is behind us.
"As we suspected, things got a lot less bad in terms of economic activity," he said. "But the rapid recovery of activity suggests that we won't have a double-dip recession or an L-shaped recovery."
"It's probably a small 'V'," he added.
The National Bureau of Economic Analysis, which declares the beginning and end of recessions, takes into consideration more factors than just GDP, including job growth. It also doesn't typically doesn't officially call the start or end until several months later. 
First Published: July 31, 2009: 8:41 AM ET
Not kiasu, but kiasi....hahaha. (Although i am a singaporean also.)
foucs6900 ( Date: 31-Jul-2009 21:46) Posted:
| America is crazy, but better than sporean kiasi kiasu......hahaha |
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hmm, dun tink so, tink will close at +50 to 80 pts........Monday to Friday is our pay day...hehehe hope so, Tuapekgong boh bi
+55pts above 9200 mark, not bad!
It dropped -80 pts last night from high of +170pts and closed at +83pts. Will it drop -80points tonight...hahaha!
America is crazy, but better than sporean kiasi kiasu......hahaha
Here the Live Chart:
