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DOW

AK... paiseh... me cannot read... cannot write.... can only listen phone call....

no study is a regret... hehe.... 

Punter.... my boss said dun look like run road...

tomolo should have a clearer picture...

 

Brother, jangan tension, its a good word. AK Chinese edu, when I see "badly" then d next word should be understood liao, though I dun know d actual meaning. Seems familiar, often use in naration in Animal Planet, cable TV. 

Ip, dun keep d good words, use it n AK will take tuition at d same time, for free. Cheers

handon      ( Date: 09-Jun-2009 22:13) Posted: Punter.... use simple england hor... hehe...

 

Now u can see it yourself...

Earlier on, Dow opened strong and high, but now already the red zone...

 

y so leh.... my boss bet on 8.8 breakout by tomolo...

see my boss right boh... hehe.... 

 

Tonight maybe Dow will drop vely much... hehehe...

 

Punter.... use simple england hor... hehe...

 

Tonight the Dow may be badly mauled...

 

my boss long dow.... betting 8.8 breakout later or tomolo... hehe.... 

my boss said one hor... long big time... 

 

The last statement is exactly what Obama wants to do - in his speech yesterday. Increase spending at faster speed to sustain the recovery.


" These repayments help to reduce Treasury’s borrowing and national debt.   The
repayments also increase Treasury’s cushion to  respond to any future financial instability that might otherwise jeopardize economic recovery"

 

WASHINGTON, June 9, 2009 (AFP) - Ten of the largest US banks have been
approved to repay the government a total of 68 billion dollars for capital
injections made to stabilize the financial system, the Treasury said Tuesday.
    The Treasury, without naming any specific banks, made the announcement a
day after the Federal Reserve said the 10 banks ordered to raise new capital
following “stress tests” have developed sufficient programs to shore up their
finances.
    “Following consultation with the primary banking supervisor of each
institution, Treasury has notified the institutions that they are now eligible
to complete the repayment process,” a Treasury statement said.
    “If these firms choose to do so, Treasury will receive 68 billion dollars
in repayment proceeds.”
    Combined with repayments from smaller banks, the Treasury will have
received some 70 billion dollars in repayments under the Capital Purchase
Program, formerly known as the Troubled Asset Relief Program (TARP).
    “These repayments are an encouraging sign of financial repair, but we still
have work to do,” said Treasury Secretary Timothy Geithner.
    Some banks are hoping to repay the government by the end of June.
    A number of major banks including Goldman Sachs, Morgan Stanley, Bank of
America and others have said they would seek early reimbursement of the capital
aid injections that began last year to shore up a financial system reeling from
a housing meltdown and economic slump.
    The Fed had said the banks “must demonstrate an ability to access the
long-term debt markets” without government guarantees “and must successfully
demonstrate access to public equity markets.”
    Some banks had argued that the capital program was forced on them and
imposed conditions such as limits on executive compensation, and raised fears
about government meddling in bank operations.

 

June 9 (Bloomberg) – The following is a reformatted version of U.S. Treasury statement approving plans by 10 banks to buy back $68 billion of government shares.
    The U.S. Department of the Treasury announced today that 10 of the largest U.S. financial institutions participating in the Capital Purchase Program (CPP) have met the requirements for repayment
established by the primary federal banking supervisors.
 Following consultation with the primary banking supervisor of each institution, Treasury has notified the institutions that they are now eligible to complete the repayment process. If these firms choose to do
so, Treasury will receive $68 billion in
 repayment proceeds.
    Combined with repayments received to date from other institutions, Treasury will have received approximately $70 billion in repayments from CPP participants. More than 600 banks across the country
have participated in the CPP, representing $199
 billion in investments.
    “These repayments are an encouraging sign of financial repair, but we still have work to do,” said Secretary Tim Geithner.
    These repayments follow a period in which many banks have successfully raised equity capital from private investors. Also, for the first time in many months, these banks have issued long- term debt that is
not guaranteed by the government.
    Under the CPP investment agreements, firms that repay their preferred stock have the right to repurchase the warrants Treasury holds in their firms at fair market value. In addition to Treasury’s potential
income from sale of the warrants, these 10
 institutions have already paid dividends on the preferred stock totaling approximately $1.8 billion over the last seven months.  Dividend payments received for all CPP participants are approximately $4.5
billion to date.
    Under the Emergency Economic Stabilization Act, proceeds from repayment will be applied to Treasury’s general account. These repayments help to reduce Treasury’s borrowing and national debt.   The
repayments also increase Treasury’s cushion to
 respond to any future financial instability that might otherwise jeopardize economic recovery.
    –Washington newsroom. +1-202-624-1843. Editor: James Tyson
    -0- Jun/09/2009 13:50 GMT 06-09-09 0950EDT

 

my boss add position... BAC.... 

not fast win... but sure win... hehe... 

my boss said one hor....

 

US unemployment rate climbs to 9.4 %  still no impact on the DJ , because the market hopes  the world economy is recovering , if all the data are positive in the coming months , then the beginning of the bull run can be confirmed .

 

i guess when it breaches 9000, all analysts will scramble to predict 10,000 by end of year.. and STI 3000

 

The Dow is still stable on the up...

And closed in the green zone for the day...

 

ya DOW is down now .........  after the green opening , now lost ground liao. Economists surprised as

345,000 jobs lost during May, far fewer than expected. The bad news -- unemployment climbs to

9.4%.

DOW dun let us down ... come on ..... now everybody is cheering for next week rally .....

Sweet dream .... Annnnn la, tomorrow wake up will know either green or red liao. good nite

    

 

Why down ? becos of that scholar from princton comment ?

I thought when president is away for visit , DJ is always UP...

Never mind got one day to see haha

I want my sweet dream , my lord.

 

DnApeh      ( Date: 05-Jun-2009 22:12) Posted: DOWn already.

 

DOWn already.

 

Tonight sure cheong !!

Next week STI sure cheong!

 

Wow!!!!future >100pts, those vested today including me can have a sweet sweet dream