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2181-2200 of 8312
no need worry, this is very normal correction.
STI maybe down 1% tomorrow!
but some chips still up a little bit, tomorrow will down again, havenot gained from
this round rally.
dealer0168 ( Date: 28-Jul-2009 23:21) Posted:
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dow down too little... not enough leh....
tomolo have to count loss liao.... hehe....
Ooo DOW strip below -60 liao...
corrections had been during intra-days for the past two weeks.... stocks changing hands to value investors this week... non-profitable stocks in STI would correct more when market enters a short correction phase next week...
U.S. Stocks Retreat on Consumer Confidence, Earnings
By Lynn Thomasson
July 28 (Bloomberg) -- U.S. stocks fell, pulling the Standard & Poor’s 500 Index down from an eight-month high, as consumer confidence trailed projections and companies from Office Depot Inc. to Coach Inc. posted worse-than-estimated results.
American Express Co., Intel Corp. and Exxon Mobil Corp. helped lead the Dow Jones Industrial Average lower after the Conference Board’s index reinforced concern that higher unemployment will undermine consumer sentiment. Office Depot, the second-largest business-supply retailer, tumbled 16 percent and Coach, the biggest U.S. maker of luxury leather handbags, lost 6.6 percent.
The S&P 500 slipped 0.8 percent to 974.11 at 10:16 a.m. in New York after a two-week rally left the index trading at more than 16 times its companies’ earnings from the past 12 months, the most expensive valuation since September. The Dow lost 45.8 points, or 0.5 percent, to 9,062.71. Europe’s Dow Jones Stoxx 600 Index slumped 0.9 percent.
“This wonderful rally we’ve been having, 40 percent off the March lows, is going to correct itself,” Vince Farrell Jr., chief investment officer at Soleil Securities Group in New York, said in a Bloomberg Radio interview.
The S&P 500 and Dow average have surged 11 percent since July 10 after companies including Caterpillar Inc. and 3M Co. reported earnings that beat forecasts and gains in new and existing home sales added to signs the recession is easing.
The Conference Board’s confidence index dropped to 46.6, a second consecutive decline, following a reading of 49.3 in June, a report from the New York-based group showed today. The figure reached a record low of 25.3 in February.
Price declines in 20 U.S. metropolitan areas eased in May more than forecast, another sign the market is stabilizing. The S&P/Case-Shiller home-price index fell 17.1 percent from a year earlier, the smallest drop in nine months, following an 18.1 percent drop in April. The gauge rose from the prior month for the first time in almost three years.
By Lynn Thomasson
July 28 (Bloomberg) -- U.S. stocks fell, pulling the Standard & Poor’s 500 Index down from an eight-month high, as consumer confidence trailed projections and companies from Office Depot Inc. to Coach Inc. posted worse-than-estimated results.
American Express Co., Intel Corp. and Exxon Mobil Corp. helped lead the Dow Jones Industrial Average lower after the Conference Board’s index reinforced concern that higher unemployment will undermine consumer sentiment. Office Depot, the second-largest business-supply retailer, tumbled 16 percent and Coach, the biggest U.S. maker of luxury leather handbags, lost 6.6 percent.
The S&P 500 slipped 0.8 percent to 974.11 at 10:16 a.m. in New York after a two-week rally left the index trading at more than 16 times its companies’ earnings from the past 12 months, the most expensive valuation since September. The Dow lost 45.8 points, or 0.5 percent, to 9,062.71. Europe’s Dow Jones Stoxx 600 Index slumped 0.9 percent.
“This wonderful rally we’ve been having, 40 percent off the March lows, is going to correct itself,” Vince Farrell Jr., chief investment officer at Soleil Securities Group in New York, said in a Bloomberg Radio interview.
The S&P 500 and Dow average have surged 11 percent since July 10 after companies including Caterpillar Inc. and 3M Co. reported earnings that beat forecasts and gains in new and existing home sales added to signs the recession is easing.
The Conference Board’s confidence index dropped to 46.6, a second consecutive decline, following a reading of 49.3 in June, a report from the New York-based group showed today. The figure reached a record low of 25.3 in February.
Price declines in 20 U.S. metropolitan areas eased in May more than forecast, another sign the market is stabilizing. The S&P/Case-Shiller home-price index fell 17.1 percent from a year earlier, the smallest drop in nine months, following an 18.1 percent drop in April. The gauge rose from the prior month for the first time in almost three years.
Seeing sea of red now..........
Emm hope that is just a correction n not a laosai at DOW.
believe Europe will close in RED, however DOW still got chance to close green .... Hang Seng may go crazy again... as well as STI
Zinc is the best com potential.... hehe....
Aug will fly.... my boss very confident.... hehe...
Care to share yr boss loss how much??
idesa168 ( Date: 28-Jul-2009 22:33) Posted:
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I just got home! Have 1/2 of Tau Sar Bow for dinner leave half for tomorro.
I told my boss since last night DJ did not drop -8o pts, maybe tonight will. But he did not buy my tips already.
dealer0168 ( Date: 28-Jul-2009 20:54) Posted:
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When soldiers in US DOW street died with blood........STI at singapore will bleed toooooooo.
Tomorrow will STI liaosai???
Anyway still early, continue monitor the live chart pal.........
ronleech ( Date: 28-Jul-2009 22:28) Posted:
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hahaha.....the spirit goes off to US liao...singapore mkt close le...
dealer0168 ( Date: 28-Jul-2009 22:20) Posted:
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Confidence Among U.S. Consumers Fell More Than Forecast in July
By Shobhana Chandra
July 28 (Bloomberg) -- Confidence among U.S. consumers fell more than forecast in July, reinforcing concern that mounting joblessness will hurt households.
The Conference Board’s confidence index dropped to 46.6, a second consecutive decline, following a reading of 49.3 in June, a report from the New York-based group showed today. The figure reached a record low of 25.3 in February.
Unemployment is projected to top 10 percent by early 2010, a gain that will erode buying power and prompt Americans to save more. Consumer spending, which accounts for 70 percent of the economy, is projected to be slow to rebound, restraining any recovery from the worst recession in five decades.
“We have a consumer that’s still struggling,” Scott Brown, chief economist at Raymond James & Associates Inc. in St. Petersburg, Florida, said before the report. “Consumer spending will be soft, and the recovery is likely to be modest. We do need to see the job losses moderate.”
Consumer confidence was projected to drop to 49, according to the median estimate in a Bloomberg News survey of 67 economists. Forecasts ranged from 44 to 56. The index averaged 57.95 last year.
Earlier today, the S&P/Case-Shiller home-price index of 20 U.S. metropolitan areas showed its first monthly gain in three years in May, reinforcing signs of stabilization in a market hammered by the worst slump since the 1930s.
Home Prices
The index climbed 0.5 percent from April, the first monthly gain since July 2006 and biggest since May of that year, the group said today in New York. The measure was down 17.1 percent from May 2008, less than forecast and the smallest year-over- year drop in nine months.
The Conference Board’s measure of present conditions decreased to 23.4 from 25 the prior month. The gauge of expectations for the next six months fell to 62 from 65.5.
The share of consumers who said jobs are plentiful dropped to 3.6 percent, the lowest level since February 1983. The proportion of people who said jobs are hard to get climbed to 48.1 percent from 44.8 percent.
The proportion of people who expect their incomes to rise over the next six months decreased to 9.5 percent from 10.1 percent. The share expecting more jobs decreased to 15 percent from 17.5 percent.
Today’s figures corroborate other reports. The Reuters/University of Michigan final index of consumer sentiment declined in July for the first time in five months as surging unemployment and stagnant wages shook households.
Lack of Jobs
Economists say the Conference Board’s index tends to be more influenced by attitudes about the labor market.
The economy has lost 6.5 million jobs since the recession began in December 2007, making it the biggest employment slump of any downturn in the last eight decades. Economists surveyed by Bloomberg predict the unemployment rate will exceed 10 percent by the first quarter of next year from 9.5 percent in June, the highest level since 1983.
Company results indicate households are being frugal, even with spending on food. PepsiCo Inc., the world’s largest snack maker, said second-quarter profit fell as consumers favored less-expensive drinks.
“The economy continues to affect sales,” Chief Financial Officer Richard Goodman said in a July 22 interview.
By Shobhana Chandra
July 28 (Bloomberg) -- Confidence among U.S. consumers fell more than forecast in July, reinforcing concern that mounting joblessness will hurt households.
The Conference Board’s confidence index dropped to 46.6, a second consecutive decline, following a reading of 49.3 in June, a report from the New York-based group showed today. The figure reached a record low of 25.3 in February.
Unemployment is projected to top 10 percent by early 2010, a gain that will erode buying power and prompt Americans to save more. Consumer spending, which accounts for 70 percent of the economy, is projected to be slow to rebound, restraining any recovery from the worst recession in five decades.
“We have a consumer that’s still struggling,” Scott Brown, chief economist at Raymond James & Associates Inc. in St. Petersburg, Florida, said before the report. “Consumer spending will be soft, and the recovery is likely to be modest. We do need to see the job losses moderate.”
Consumer confidence was projected to drop to 49, according to the median estimate in a Bloomberg News survey of 67 economists. Forecasts ranged from 44 to 56. The index averaged 57.95 last year.
Earlier today, the S&P/Case-Shiller home-price index of 20 U.S. metropolitan areas showed its first monthly gain in three years in May, reinforcing signs of stabilization in a market hammered by the worst slump since the 1930s.
Home Prices
The index climbed 0.5 percent from April, the first monthly gain since July 2006 and biggest since May of that year, the group said today in New York. The measure was down 17.1 percent from May 2008, less than forecast and the smallest year-over- year drop in nine months.
The Conference Board’s measure of present conditions decreased to 23.4 from 25 the prior month. The gauge of expectations for the next six months fell to 62 from 65.5.
The share of consumers who said jobs are plentiful dropped to 3.6 percent, the lowest level since February 1983. The proportion of people who said jobs are hard to get climbed to 48.1 percent from 44.8 percent.
The proportion of people who expect their incomes to rise over the next six months decreased to 9.5 percent from 10.1 percent. The share expecting more jobs decreased to 15 percent from 17.5 percent.
Today’s figures corroborate other reports. The Reuters/University of Michigan final index of consumer sentiment declined in July for the first time in five months as surging unemployment and stagnant wages shook households.
Lack of Jobs
Economists say the Conference Board’s index tends to be more influenced by attitudes about the labor market.
The economy has lost 6.5 million jobs since the recession began in December 2007, making it the biggest employment slump of any downturn in the last eight decades. Economists surveyed by Bloomberg predict the unemployment rate will exceed 10 percent by the first quarter of next year from 9.5 percent in June, the highest level since 1983.
Company results indicate households are being frugal, even with spending on food. PepsiCo Inc., the world’s largest snack maker, said second-quarter profit fell as consumers favored less-expensive drinks.
“The economy continues to affect sales,” Chief Financial Officer Richard Goodman said in a July 22 interview.
Aiya, say too early drop some more.
dealer0168 ( Date: 28-Jul-2009 22:19) Posted:
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Seems to be. Maybe Dow go lucky today again, cheers.
iPunter ( Date: 28-Jul-2009 21:38) Posted:
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my boss only hope is 9.3 dun BO.... left less than 2 days....
very important.... hehe...
May close green again...
once reporting season over...will be like jump off a block....
my boss got 2 days of hope... hehe....
well tink u r rite, when buying up is so great esp those banks shares, tink will surge up till next week friday before Our National Day............after tat sayonara.........