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2241-2260 of 8312
predict positive.. goodnight everyone..
NEW YORK - STOCKS are slightly lower in early trading on Monday amid a handful of mixed earnings reports.
RadioShack Corp, like many other companies, said its second-quarter earnings rose as it cut costs. The electronics retailer beat analysts' forecasts.
But there were gloomier results from Aetna Inc and Honeywell International Inc.
Aetna said its profit skidded 28 per cent on higher medical expenses in its commercial business. The health insurer cut its profit forecast for the second time in two months.
Honeywell said its second quarter earnings dropped 38 per cent as the company's businesses in troubled sectors like automobiles and construction continued to drag down its results. The manufacturer said it doesn't expect any recovery this year from the recession.
Verizon, the largest US wireless carrier, said its second-quarter profit fell 21 per cent as cost-cutting in its wireline business failed to keep pace with falling revenues. But its adjusted earnings narrowly beat Wall Street expectations.
Over the past two weeks, major indexes have jumped more than 11 per cent after companies issued better-than-expected earnings reports and forecasts for the rest of the year. But analysts have warned that as companies continue to exceed forecasts, investors' expectations will rise.
'Last week was dubbed as a good earnings week, but good compared to what?' asked David Hefty, CEO of Cornerstone Wealth Management in Auburn, Indiana. 'It doesn't take a lot to get the market excited these days.'
Investors are also awaiting the Commerce Department's report on new home sales in June.
In the first half hour of trading, the Dow Jones industrial average is down 22.14, or 0.2 per cent, to 9,071.10. The Standard & Poor's 500 index is down 2.46, or 0.3 per cent, to 976.80, while the Nasdaq composite index is down 7.42, or 0.4 per cent, to 1,958.54. -- AP
Unless DOW is down by more then 100 else is just a minor profit take..not a correction which last for days...A correction will be good so as to consolidate and push it up higher in the next wave...
My boss just called and said he is looking at the bao yu menu...mmm...but haven't place order leh!
But a drop for Dow is healthy lah, agreed with that. Now ~ -47
Human factor...we are betting against each others...to win is to outsmart the other party....
Market is unpredictable. Sometimes u feel it will drop, it won't drop.
Sometime u think it will up, it just won't up.
If market is predictable, there will be alot of millionaire around already loh.
With Bao Yu topping?
Can I request Lobster pizza?
wongmx6 ( Date: 27-Jul-2009 22:44) Posted:
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hahahha.......
wongmx6 ( Date: 27-Jul-2009 22:44) Posted:
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Although your chances is rather high....but i guess many punters do wish you work OT tomorrow.
Let's me know your work place address, i send you pizza.
idesa168 ( Date: 27-Jul-2009 22:34) Posted:
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my boss said Zinc will hit 0.9 end Aug 2009.... hehe...
my boss said one hor...
I think you will get double dose of lobster and Bao You..kekekeke
idesa168 ( Date: 27-Jul-2009 22:34) Posted:
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DOW not this week...
I predicted on Sunday that today DOW will close -80pts. I asked my boss to buy PUT warrant today. If -80pts comes true I will get Lobster and Abalone for dinner. If it closes in green I think I will have to work OT tomorrow!
Europe almost all U turned......
100% no crash cos it is over....now is how deep will the knife cut after so many meat have grown out....
Healthy..no crash...
NEW YORK, July 27 (Reuters) - U.S. Treasury debt prices extended losses on Monday after data showing higher than expected new home sales in the U.S. in June further eroded the safe-haven appeal of government debt. The benchmark 10-year Treasury note US10YT=RR was trading 24/32 lower in price for a yield of 3.76 percent, up from 3.66 percent late on Friday, while the 30-year bond US30YT=RR was 1-17/32 lower for a yield of 4.64 percent from 4.54 percent. (Reporting by Chris Reese; Editing by Theodore d'Afflisio)
last week my boss face black black....
this week should be ok... hehe...
Down 27 now....