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Date 7 July: Note info below is for DJ index as a whole not applicable to individual stock
My Third Posting, forgive me if I am wrong, I am still learning J
I am not to worry to invest at this moment of time, not much to loose. Although for past few months, stock has recovered a lot especially STI but I think for US, the recovery is still not much.
I believe the DJ index as a whole about 8200 (07 july 2009) is considered stable and has strong supporting point @ 8000 plus or minus 200 points. Example initially investor “A” buy an antique at $10000 hoping to sell at $11000 but due to market downturn , he has to sell at $9000 to investor B who hope to reap a profit but has to sell to C at $8000….Finally H manage to buy it at $4000. At this moment of time, Punter A,B,C,D ( E&G maybe) is out of game or burn the finger. I believe at this moment, a lot of people will be eyeing at the S$4000 antique (including A,B,C,D,E & F who has already recovered from shock) because it is considered a value buy and people don’t mind buying it.
Counter worth to take a look (DXO: Power Share Double Long ETF now @ 3.8 ). For those driving 2 litres car, those who own transport company & etc Please buy this counter. If oil price rice, this ETF will rise and it will hedge your petrol price)
Counter worth to take a look if: One of this day, if AIG (US$18 now) share price has a chance to be on par with BOA, you might want to take a closer look at this counter.
Thanks for reading, “Be a Happy Investor” Good Night and God Bless U J
All the action is still aking place underwater...
Dow Futures was at -70pts and at one point -90pts. So it's doing quite alright now at -55pts. But looking at the moment now, does not suggest any strong buying up. Tonight DJ might closed in the range of 8,150-8,190.
Still red, don't bother to watch already, sleep liao.
See results tomorrow........
Today STI fair badly, so Dow will fair bad as well.
Handon boss view on recovery on Wed, maybe possible. Major sell off on friday n today if also
does not recover....that means Dow is badly down. On wed, those galanguni (investor), will than rush in to pick
cheap stock. My guess. 
iPunter ( Date: 06-Jul-2009 22:44) Posted:
Looks like things are worse than we think...
Dow -68pts... |
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Looks like things are worse than we think...
Dow
-68pts...
what happen to marketwatch.com le.... can not go in ....
Seems to be.........Dow slowing climbing up again although still in red. Hope fr the BEST
iPunter ( Date: 06-Jul-2009 21:42) Posted:
It is possible for the Dow to "Cheong Aaarrrhhh!!!" tonight...
That is... before the next leg down...
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It is possible for the Dow to "Cheong Aaarrrhhh!!!" tonight...
That is... before the next leg down...
Live chart........to monitor:
Dow future in red loh..................
handon ( Date: 06-Jul-2009 21:09) Posted:
my boss bite the bullets.... die die dun sell....
can tong until Wed should have U turn.... hehe...
gold gone case... dollar stronger....
my boss said one hor... 
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[.. As long as it is not 2200 drop, it does not make any difference to Asian market or the rest of the world now. Ha. ha.. ha... ]
This is an ostrich-view of things... hehehe...
my boss bite the bullets.... die die dun sell....
can tong until Wed should have U turn.... hehe...
gold gone case... dollar stronger....
my boss said one hor...
As long as it is not 2200 drop, it does not make any difference to Asian market or the rest of the world now. Ha. ha.. ha...
iPunter ( Date: 03-Jul-2009 04:22) Posted:
Nearing the close...
The Dow is now doing -220pts !!! ...
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Service Industries Probably Contracted: U.S. Economy Preview
By Bob Willis
July 5 (Bloomberg) -- Service industries in the U.S. probably shrank in June at a slower pace, signaling the worst recession in a half century is easing.
The Institute for Supply Management’s index of non- manufacturing businesses, which account for almost 90 percent of the economy, rose to 46, according to the median estimate of 37 economists surveyed by Bloomberg News. Readings less than 50 signal contraction. Higher oil prices widened the trade deficit and boosted the cost of imported goods, other reports may show.
Stabilization in housing and consumer spending combined with lean inventories mean companies may start expanding output again in coming months. Still, mounting job losses and stagnant paychecks are likely to restrain household purchases, limiting the force of any recovery.
“We’re in the process of bottoming, but the overall economy is still contracting moderately,” said Zach Pandl, an economist at Nomura Securities International Inc. in New York.
The projected reading for the Tempe, Arizona-based ISM’s gauge, due tomorrow, would be the highest in nine months. The measure was at 44 in May and has been in contraction territory since October, the month after Lehman Brothers Holdings Inc.’s demise triggered a financial meltdown that deepened the recession.
Recent data have pointed to a lessening pace of economic decline. ISM’s factory index on July 1 showed manufacturing shrank last month at the slowest pace since August and a measure of pending home sales advanced in May for a fourth month.
Fed View
The reports bolster the view of the Federal Reserve. Policy makers kept the key overnight lending rate unchanged at near zero on June 24, saying “the pace of economic contraction is slowing” and financial market conditions have “generally improved.”
Economists surveyed by Bloomberg in early June forecast the economy would grow at an average 1.2 percent pace in the second half of the year, following four quarters of contraction.
Since the recession began in December 2007, the economy has lost 6.5 million jobs, the worst slump since the Great Depression. Employers cut 467,000 workers from payrolls in June, worse than forecast, the government reported last week. Still, cuts have moderated since reaching a five-decade high of 741,000 in January.
Stocks fell on July 2, sending the Standard & Poor’s 500 Index to a third straight weekly drop, on growing concern that rising unemployment will hurt consumer spending. The index tumbled 26.9 points, or 2.9 percent, to close at 896.42.
Less Confident
The decline in stocks and rising unemployment may stem recent gains in consumer confidence. The preliminary Reuters/University of Michigan consumer sentiment gauge, due July 10, may drop to 70.6 this month from a 16-month high of 70.8 in June, economists surveyed said. It would mark the first decrease in five months.
Shaken by the loss of jobs, consumers are becoming more frugal.
“Consumers behave exactly right -- they spend more time and they buy bargains,” Google Inc.’s Chief Executive Officer Eric Schmidt said June 30 in an interview with Bloomberg Television. “The luxury stuff is off, and the core stuff that people need they are buying more of.”
A July 10 Commerce Department report may show the trade deficit grew as oil prices climbed. The gap widened to $30 billion in May from $29.2 billion the prior month, according to the survey median.
The Labor Department may say the same day that prices of goods imported into the U.S. rose 2 percent in June, led by gains in fuel costs, after increasing 1.3 percent in May, economists surveyed said.
Another MFT
Hulumas ( Date: 03-Jul-2009 09:33) Posted:
So scarry. Is it true?
chewwl88 ( Date: 03-Jul-2009 02:00) Posted:
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More interested in Asia market now. US market no longer influence much on emerging market like in the past. The demand for export are supported by domestic market and within asian region esp china & india
So scarry. Is it true?
chewwl88 ( Date: 03-Jul-2009 02:00) Posted:
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market pulse
Jul 2, 2009, 10:00 a.m. EST
U.S. May factory orders rise 1.2%
Alert Email Print By Robert Schroeder
WASHINGTON (MarketWatch) -- Orders for U.S.-made factory goods climbed 1.2% in May on a big jump in orders for transportation equipment, the Commerce Department reported Thursday. The overall orders number was the highest since June 2008. Excluding transportation equipment, new factory orders were up just 0.8% in May. Economists surveyed by MarketWatch were expecting factory orders to rise by 1.3% in May.
Nearing the close...
The Dow is now doing -220pts !!! ...
