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yep, but only if ben cud push dow to end ard 120pts at close (i.e. 1%), if not.....i wish i cud be as optimistic as u.
Ya, Lookcc .... It's like Ben Vs Alan! Some more surname GREENspan. Heehee!
Dow up 59 points and Nasdaq up 21 points now ... Trending up again after a slight dip just now.
So long as US market can close GREEN tonite, we can still see some 'Light' 2molo.
ben cud push up dow in his speech @ 0300 hrs.
Shiok! Thanks, Xoefxoef ..... :)
Everywhere green figures. Shiok
| AEX |
 |
478,52 |
16:35 |
0,62 |
|
|
679,68 |
16:35 |
0,47 | |
|
|
711,56 |
16:20 |
0,37 | |
|
|
3.028,01 |
16:20 |
0,92 | |
|
|
4.249,71 |
16:20 |
0,75 | |
|
|
6.122,70 |
16:20 |
1,10 | |
|
|
5.437,82 |
16:35 |
0,98 | |
|
|
6.593,87 |
16:20 |
0,91 | |
|
|
8.781,93 |
16:35 |
1,21 | |
|
|
12.129,64 |
16:15 |
0,66 | |
|
|
2.365,61 |
16:20 |
1,07 | |
|
|
16.844,50 |
08:00 |
1,22 | |
|
|
19.058,56 |
09:01 |
2,11 | |
Let's see if Big Ben can sweet-talk the market tonite ....
Federal Reserve Chairman Ben Bernanke is due to make a speech on government-sponsored enterprises in Hawaii, at 2 p.m. Eastern (S'pore 0300hrs). His predecessor, Alan Greenspan, was quoted again on Tuesday, telling Bloomberg News in an interview that there's a one-third chance of a recession.
unlikely dow post strong rebound....factory orders minus 5.6% against forecast of minus 4%, labor cost up against estimate n prodtvty down, although in line with estimate.....my opinion is dow will end up but gain wud not be strong enough for asian markets to surge 2morrow.
Dow up 85 points and Nasdaq up 26 points now ...
DOW NASDAQ
DOW NASDAQ
Don't worry guys.. USA AND UK follow CHINA.. and why should we worry too much when HENG SANG also rise by almost 300pts.. ???
USA economy has much lesser impact than CHINA.. U can see CHINA SLUMP can cuz USA recession but not the other way round.. so .. Like 1000 years ago. USA BOW TO CHINA....
Japan -50 now.
Aust flat
Unless DOW post a strong rebound, otherwise I think it will be flat.
dow's gain of 70 pts below expectation..nasdap ok.
STI will set to ise tomm
The rise of Dows is encouraged by the rise of asian bourses this morning. So who follow who actually?
it shows spot but no auto refresh
hahalol, you can go to finance.aol.com
there's a brief snapshot of the dow, nasdaq and s&p in the top right hand corner. :)
Dow now up 60.44 points, Nasdaq now up 25
where is the website to see US future index ?
pls tell me as i am still newbie
Greenspan Sees `One-Third Probability' of Recession This Year
By Craig Torres
March 6 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said there's a ``one-third probability'' of a U.S. recession this year and that the current expansion won't have the staying power of its decade-long predecessor.
``We are in the sixth year of a recovery; imbalances can emerge as a result,'' Greenspan, 81, said in an interview yesterday at his office in downtown Washington. ``Ten-year recoveries have been part of a much broader global phenomenon. The historically normal business cycle is much shorter'' and is likely to be this time, he added.
Greenspan's outlook contrasts with the prediction of his successor Ben S. Bernanke, who told Congress last week that the economy may strengthen this year. Bernanke's upbeat assessment helped steady stock markets on Feb. 28 after a plunge the day before that some traders attribute partly to Greenspan's musing that a recession couldn't be ruled out.
``It is possible that we can have a recession at the end of this year,'' said Greenspan, who ran the central bank for 18 years until January 2006. Bernanke, 53, declined to comment.
Little more than a year after leaving the central bank, Greenspan is returning to economic forecasting, a role he enjoyed before entering government service in 1974, during the administration of President Gerald R. Ford. He isn't trying to predict a number for gross domestic product or inflation: He's trying to capture the trend and when it might be about to change.
A Continuing Expansion?
Private-sector economists and policy makers are calling for the expansion, which began in 2001, to continue. The Fed expects the economy to grow between 2.5 percent and 3 percent this year, and 2.75 percent and 3 percent next year, according to forecasts presented to Congress last month.
Greenspan said he has been careful to avoid making life difficult for his successor.
His contracts with clients stipulate that there will be no reporters present and no recordings. He said he tries to have an exchange with an audience, where he often learns something that helps him hone skills he has worked on for 50 years.
``I was aware of the problem that if I stayed public, I could make it difficult for Ben,'' he said. ``For the most part it has worked. I was beginning to feel quite comfortable that I was fully back to the anonymity I was seeking.''
`Surprised'
``I was surprised at this recent episode,'' he added.
Investors may have taken notice of his comments on Feb. 26 because they considered them prescient. The day after he mentioned the risk of a recession to a Hong Kong audience on Feb. 26, a Commerce Department report showed sales of non-military capital goods excluding aircraft dropped 2.7 percent in January, the biggest decline since September 2001. Orders slumped by the most in three years.
Broader capital spending is also weakening. Corporate purchases of equipment and software declined at an annual rate of 3.2 percent last quarter, the biggest decline since the final three months of 2002, according to separate Commerce Department figures.
Greenspan said he doesn't believe that so-called point forecasts, where economists hone their outlook down to decimal points, can be accurately made in the near-term. ``We really can't forecast'' the economy over the next two years, he said.
Tracking Inventories
Greenspan worked for what is now the Conference Board, a New York-based business group, as an industrial-metals analyst from 1950 to 1953. Tracking inventories, he was able to come up with a model of final demand. He expanded that model to textiles, aluminum and oil.
He found that large-scale models that used aggregate data averaged out the nuances and changes he could pick up at an industry level. Finally, some of the assumptions of firms' pricing power simply didn't hold as the post-war years unfolded.
``I realized I was trying to see how the world works in the context of individual entities,'' Greenspan said.
Under his chairmanship, the Fed staff began to collect figures on capital-spending plans, surveying firms directly from the Board of Governors' building in Washington.
``We certainly devoted some resources to our own gathering of anecdotal information,'' said Michael Prell, former head of the Division of Research and Statistics, the central forecasting unit at the Fed. ``Every other week, we would contact some subset of a sizeable group of firms.''
Greenspan's unique discipline both frustrated and amazed Fed colleagues, especially those trained in sophisticated economic modeling.
`Idiosyncratic'
``His great value is that he has an idiosyncratic approach,'' said Laurence Meyer, a Fed governor from 1996 to 2002 who often sparred with the chairman over the outlook. ``The reason why Greenspan gets and deserves disproportionate weight is that he doesn't get caught up in all the themes that tie together in a consensus forecast. He is looking at all the different strands of data.''
Once, Meyer said, he was sitting in a meeting with the Fed staff discussing the inflation implications of import prices. Out of nowhere, he recalled, Greenspan asked about steel-ingot prices. Meyer said he wasn't even sure what an ingot was.
``Why would I ever even ask that?'' Meyer, a founder and vice chairman of the model-based forecasting firm Macroeconomic Advisers LLC in St. Louis, said in an interview.
Macroeconomic Advisers isn't forecasting a recession this year, and Meyer said markets ``over-responded'' to what the former chairman said.
``Who wouldn't agree that it is possible we could have a recession?'' says Meyer. ``I think we are closer to the middle of an expansion than the end of an expansion.''
To contact the reporter on this story: Craig Torres in Washington; or ctorres3@bloomberg.net Last Updated: March 6, 2007 00:14 EST
By Craig Torres
March 6 (Bloomberg) -- Former Federal Reserve Chairman Alan Greenspan said there's a ``one-third probability'' of a U.S. recession this year and that the current expansion won't have the staying power of its decade-long predecessor.
``We are in the sixth year of a recovery; imbalances can emerge as a result,'' Greenspan, 81, said in an interview yesterday at his office in downtown Washington. ``Ten-year recoveries have been part of a much broader global phenomenon. The historically normal business cycle is much shorter'' and is likely to be this time, he added.
Greenspan's outlook contrasts with the prediction of his successor Ben S. Bernanke, who told Congress last week that the economy may strengthen this year. Bernanke's upbeat assessment helped steady stock markets on Feb. 28 after a plunge the day before that some traders attribute partly to Greenspan's musing that a recession couldn't be ruled out.
``It is possible that we can have a recession at the end of this year,'' said Greenspan, who ran the central bank for 18 years until January 2006. Bernanke, 53, declined to comment.
Little more than a year after leaving the central bank, Greenspan is returning to economic forecasting, a role he enjoyed before entering government service in 1974, during the administration of President Gerald R. Ford. He isn't trying to predict a number for gross domestic product or inflation: He's trying to capture the trend and when it might be about to change.
A Continuing Expansion?
Private-sector economists and policy makers are calling for the expansion, which began in 2001, to continue. The Fed expects the economy to grow between 2.5 percent and 3 percent this year, and 2.75 percent and 3 percent next year, according to forecasts presented to Congress last month.
Greenspan said he has been careful to avoid making life difficult for his successor.
His contracts with clients stipulate that there will be no reporters present and no recordings. He said he tries to have an exchange with an audience, where he often learns something that helps him hone skills he has worked on for 50 years.
``I was aware of the problem that if I stayed public, I could make it difficult for Ben,'' he said. ``For the most part it has worked. I was beginning to feel quite comfortable that I was fully back to the anonymity I was seeking.''
`Surprised'
``I was surprised at this recent episode,'' he added.
Investors may have taken notice of his comments on Feb. 26 because they considered them prescient. The day after he mentioned the risk of a recession to a Hong Kong audience on Feb. 26, a Commerce Department report showed sales of non-military capital goods excluding aircraft dropped 2.7 percent in January, the biggest decline since September 2001. Orders slumped by the most in three years.
Broader capital spending is also weakening. Corporate purchases of equipment and software declined at an annual rate of 3.2 percent last quarter, the biggest decline since the final three months of 2002, according to separate Commerce Department figures.
Greenspan said he doesn't believe that so-called point forecasts, where economists hone their outlook down to decimal points, can be accurately made in the near-term. ``We really can't forecast'' the economy over the next two years, he said.
Tracking Inventories
Greenspan worked for what is now the Conference Board, a New York-based business group, as an industrial-metals analyst from 1950 to 1953. Tracking inventories, he was able to come up with a model of final demand. He expanded that model to textiles, aluminum and oil.
He found that large-scale models that used aggregate data averaged out the nuances and changes he could pick up at an industry level. Finally, some of the assumptions of firms' pricing power simply didn't hold as the post-war years unfolded.
``I realized I was trying to see how the world works in the context of individual entities,'' Greenspan said.
Under his chairmanship, the Fed staff began to collect figures on capital-spending plans, surveying firms directly from the Board of Governors' building in Washington.
``We certainly devoted some resources to our own gathering of anecdotal information,'' said Michael Prell, former head of the Division of Research and Statistics, the central forecasting unit at the Fed. ``Every other week, we would contact some subset of a sizeable group of firms.''
Greenspan's unique discipline both frustrated and amazed Fed colleagues, especially those trained in sophisticated economic modeling.
`Idiosyncratic'
``His great value is that he has an idiosyncratic approach,'' said Laurence Meyer, a Fed governor from 1996 to 2002 who often sparred with the chairman over the outlook. ``The reason why Greenspan gets and deserves disproportionate weight is that he doesn't get caught up in all the themes that tie together in a consensus forecast. He is looking at all the different strands of data.''
Once, Meyer said, he was sitting in a meeting with the Fed staff discussing the inflation implications of import prices. Out of nowhere, he recalled, Greenspan asked about steel-ingot prices. Meyer said he wasn't even sure what an ingot was.
``Why would I ever even ask that?'' Meyer, a founder and vice chairman of the model-based forecasting firm Macroeconomic Advisers LLC in St. Louis, said in an interview.
Macroeconomic Advisers isn't forecasting a recession this year, and Meyer said markets ``over-responded'' to what the former chairman said.
``Who wouldn't agree that it is possible we could have a recession?'' says Meyer. ``I think we are closer to the middle of an expansion than the end of an expansion.''
To contact the reporter on this story: Craig Torres in Washington; or ctorres3@bloomberg.net Last Updated: March 6, 2007 00:14 EST
US future index up 100 points , come on, show us the BULL again..!!!!!!!!!!!
US tonite looking good..... :) time to load up....