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U.S. Stock-Index Futures Climb as Goldman Sachs Gains on Whitney's Upgrade

 

Larry Summers: Worst Not Over

 

Grim news from President Obama’s top economic adviser: “I don’t think the worst is over,” Larry Summers tells the Financial Times. “It’s very likely that more jobs will be lost. It would not be surprising if GDP has not yet reached its low. What does appear to be true is that the sense of panic in the markets and freefall in the economy has subsided and one does not have the sense of a situation as out of control as a few months ago.” In the long and interesting interview, Summers lays out his vision for what the American economy will become: “more export oriented” and “less consumption-oriented”; “more environmentally oriented” and “less energy-production-oriented”; “more bio- and software- and civil-engineering-oriented" and "less financial-engineering-oriented”; and, finally, “more middle-class-oriented” and “less oriented to income growth that is disproportionate towards a very small share of the population.”

 

 

Shrinking US trade gap seen as positive for economy

 

Looks like an unprecedented 'freak' market is in the making...

So we may possibly see a gradual unfolding of the underlying true situation of the world economies in the midst of massive artificial bailouts and stiimulation efforts of recent weeks.

Thus, like I said before, this may not be the usual run-of-the-mill economic 'busimaness cycle' upturn...

 

DJIA closing down 36.65 points.

 

Dow down -81pts... situation is bleak!

 

U.S. Stocks Fall as Confidence Report Adds to Concern Recovery Faltering

 

SORRY,,,,,,,,,,,,,,,MISTAKE FOR CITIBANK,,,,,,,,,,,,,,DONT KNOW WHY JUST NOW MY MORNITAL SHOW ME TAT CITI BANK  DROP 24%,,,,,,,,,,,,ACTUALLY IS UP,,,,,,,,,,, 

 

citi bank drop 24%,,,,,,,,,,,,,,,,,,,,,,,,SOMETHING VERY UNCERTAIN,,,,,,,,,,,,,,HOPE TERMASK BETTER DUMP AWAY,,,,,,,,,,,,,,,,,DOWN JONES LOOK LIKE TEST 8000POINT SOON,,,,,,,,,,,,,,,,,,AND OIL BELOW 60DOLLARS ALSO GOOD FOR COMMORITY COOL DOWN,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,CHINA MINE OVERSUPPLY,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,ALL BAD BAD BAD,,,,,,,,,,,,,COMING,,,,,,,,,,,,,,,,,,,,,,,,,,MUST OPEN BIG EYE BEFORE ACTION,,,,,,,,,,,,,,,,,,IM BUKIT TIMAH HILL,,,,,,,,,,,,,,,,,,100% CASH,,,,,,,,,,,,,,,,,SAFE HAVEN OCBC BANK ACCT

 

my boss like this ????? when ppl throw away BAC and Zinc....

like this  when ppl throw away useless gold... hehe...

 

probaly today is the last rebound after selling from last week,,,,,,,,,,,a lot g fund swift to singtel,smrt,,,,,,,,,,,so im sure the rebound just short live for those exit,,,,,,,,,,,,,,now down jones and oil price reach the junction of final games over stage,,,,,,,,,,,,,,,,,60dollars and 8000point,,,,,,,,,,,,,,,,,,,,,,,,,is a indicate for all of us ,,,,,,,,,,,,,,a guide line for me whether stay at bukit timah hill,,,,,,,,,,,,,,,or come down to bargain hunting,,,,,,,,,,,,,,,,,,,,,my favour is still ausgroup,,,,,,,,,,gentine,,,,,,,,,,,,golden agril,,,,,,,,,,,,,,biosensor

 

Emm Dow only show slight green...oooo (at 10:48PM)..........

Monitor with the Live Chart:

 

 

Yalor...I heard about the package thing you mentioned and more Chinese companies are asking for RMB transaction.

But 2 yen in one day is the steepest since Dec.  Gold also fell and Oil is now 60 again....the magic number.

I thought gold and oil should move in opposite direct of USD.....We should observe what is happening in the mrkt ?

singaporegal      ( Date: 09-Jul-2009 06:44) Posted: Because of rumours of the second bailout package? This may dilute the dollar further. Andrew      ( Date: 09-Jul-2009 00:40) Posted: WOW, US dollar just plunged !!!   1 USD can only changed 92 Yen and Oil is 60 USD now...... What happened ?

 

Alcoa's loss is gain to the market! This contradiction in the market is cute.

 

You are bearish posting all the time, indirectly you are motivating buying opportunity too! Ha. ha.. ha...

iPunter      ( Date: 09-Jul-2009 00:50) Posted: There was no recovery to start with... The problem is people take this rebound as the usual recovery a la the business cycle... But the truth is, this crisis is unprecedented... arising out of a systemic malady...  Thus, recovery may be far off yet... Most local counters are have already showed obvious signs of tanking... dealer0168      ( Date: 09-Jul-2009 00:15) Posted: Emm, ya ...quite agreed. Anyway, recovery will still be there but is a very slow one...............

 

Congratulations, China economic shows a very bright improvement signal.

iPunter      ( Date: 09-Jul-2009 08:07) Posted: China has started using Yuan in its trade transactions...

 

Jul 8, 2009, 5:01 p.m. EST

Alcoa posts third straight loss, tops targets

SAN FRANCISCO (MarketWatch) - Alcoa Inc. said Wednesday it swung to a second-quarter loss as aluminum prices plunged from a year ago and as top customers continued to grapple with the persistent economic recession.

Alcoa /quotes/comstock/13*!aa/quotes/nls/aa (AA 9.85, +0.39, +4.12%) shares rallied 7% to $10.08 in extended trading following the upbeat report. Before the evening rally, the stock close up 5 cents at $9.46 -- a 71% drop from a year ago and 16% retreat since the beginning of 2009.

Alcoa, the first of the Dow industrials to report this earnings season, posted a loss of $454 million, or 47 cents a share, vs. a profit of 66 cents a share, or $546 million, a year ago, when aluminum prices were just about double where they currently stand.

 

China has started using Yuan in its trade transactions...

 

Because of rumours of the second bailout package? This may dilute the dollar further.

Andrew      ( Date: 09-Jul-2009 00:40) Posted: WOW, US dollar just plunged !!!   1 USD can only changed 92 Yen and Oil is 60 USD now...... What happened ?

 

There was no recovery to start with...

The problem is people take this rebound as the usual recovery a la the business cycle...

But the truth is, this crisis is unprecedented... arising out of a systemic malady... 

Thus, recovery may be far off yet...

Most local counters are have already showed obvious signs of tanking...

dealer0168      ( Date: 09-Jul-2009 00:15) Posted: Emm, ya ...quite agreed. Anyway, recovery will still be there but is a very slow one...............   iPunter      ( Date: 09-Jul-2009 00:12) Posted: He's done his best already... But there's a limit to what can be humanly done... against the laws of nature (the financial markets)...