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7 Reasons Why the Big, Bad Bear Will Return:
http://www.moneyandmarkets.com/7-reasons-why-the-big-bad-bear-will-return-3-33047
http://www.moneyandmarkets.com/7-reasons-why-the-big-bad-bear-will-return-3-33047
Broking firm, some got online trading to HSI, Msia(Bursa) n NYSE, including STI.
Call your TR, if your current broking hse online trading dun show foreign trading platforms. There are means to trade off line via your TR.
aircraft ( Date: 14-Apr-2009 09:59) Posted:
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Hi All,
you guys trade US stocks thru who ? Thanks.
yoh sorry, AK meant I didn't clear d AIG n F.Mae, instead Citi. I started to trade Citi short term since it was 2.30. May consider mid-term if US economy recovers.
3am ah. watching pipi free movie at d sametime Q for Citi again loh. Ha ha, Q fr 3.55 till 3.63 then made it, after movie koon liao. Now, making a qk check, it closed at 3.80.
Will buy some more Bank of China when HSI opens.
No more on d desk after 10.30, as meeting classmate n other classmate fr Aus at Changi Airport.
Above for sharing only, no calling.
wongmx6 ( Date: 14-Apr-2009 09:02) Posted:
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You deserve the Carlsberg. It's time of 3:00.
AK_Francis ( Date: 14-Apr-2009 03:04) Posted:
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Ha ha, Citi now 3.60, well above d note conversion rate of 3.25. GIC laughing liao. But AK bang loh, sold away at 2.79 last week to earn d teh taleh sarabat. Should wait for d Carlsberg loh. OK lah did clear d AIG n F.Mae together. Cross fingers liao.
take 8000 = 880
gold 650 dow x
x = 8000*880/650, dow > 10.0... hehe...
dj 9.0 gold 6.5
http://creative.techinhiding.com/
anyone can verify this one... where can verify the info???
9.0 ??? gold >8.8
machiam sun rises from west... hehe...
joking lah...
but some say gng 2 cross 9.0
currency + com + dow....
say gng to snake more...
<7.9 60 possible... hehe...
By Lynn Thomasson
April 13 (Bloomberg) -- U.S. stocks fell, sending the Standard & Poor’s 500 Index lower following its best five-week gain since the Great Depression, as Chevron Corp. and Boeing Co. predicted lower earnings and Genworth Financial Inc. failed to qualify for government bailout funds.
Chevron, the second-largest U.S. oil company, retreated 2.6 percent. Boeing, the nation’s biggest commercial-plane maker, lost 6.5 percent. Genworth, which sells life insurance and mortgage coverage, plunged 28 percent as the Treasury rejected its application to become a savings and loan holding company. General Motors Corp. tumbled 14 percent on a New York Times report that federal officials have ordered the company to prepare for bankruptcy.
“Buying stocks is like crossing Fifth Avenue when the light is red,” said Laszlo Birinyi, president of Westport, Connecticut-based Birinyi Associates Inc., in a Bloomberg Television interview. “You might make it, but the odds are not with you.”
The S&P 500 slid 1 percent to 847.83 at 9:34 a.m. in New York. The Dow Jones Industrial Average declined 79.89, or 1 percent, to 8,003.49. Markets in Europe were closed, while the MSCI Asia Pacific Index climbed 0.4 percent.
Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co. and General Electric Co. are among more than 30 S&P 500 companies scheduled to announce results this week. Profits probably fell for a seventh-straight quarter in the January-to- March period, the longest stretch of declines since at least the Great Depression.
Asian Stocks Advance
Asian stocks climbed for a third day as Japanese Prime Minister Taro Aso doubled stimulus spending and Chinese lending jumped by a record. Treasuries rose, following three weeks of losses. The yen fell against all of the other major currencies on speculation the global financial crisis is easing.
Chevron lost 2.6 percent to $67.44. Profit for the first quarter was less than the fourth quarter of 2008, when Chevron had net income of $4.9 billion, the company said in a statement April 9. The price Chevron received for U.S. crude slumped 63 percent during the quarter to $33.37 a barrel, the company said.
Exxon Mobil Corp., the largest oil producer, retreated 1.9 percent to $68.54.
Boeing dropped 6.5 percent $36.60. The company said it will cut production of its most profitable model next year, reducing earnings starting with the first quarter of 2009, as the global recession hurts business at airlines and cargo carriers.
Genworth Financial tumbled 28 percent to $1.97. The company was rejected from becoming a savings and loan after regulators approved plans from competing life insurers including Hartford Financial Services Group Inc. to gain status as lenders, a requirement for funds from the TARP program.
GM Concern
GM fell 14 percent to $1.75. The Treasury Department asked the automaker to get ready for a bankruptcy filing by June 1, the New York Times reported, citing people with knowledge of the plans. The automaker contends it could still reorganize outside court, the newspaper said.
The S&P 500 surged 27 percent from a 12-year low reached on March 9 through last week as investors speculated that the $12.8 trillion pledged by the administrations of Barack Obama and George W. Bush and the Federal Reserve to rescue the financial system will revive corporate profits.
Citigroup, Bank of America Corp. and JPMorgan said last month they made money at the start of 2009, while Wells Fargo & Co. posted higher-than-estimated earnings last week and President Obama said the economy is “starting to see progress” toward recovery.
Still, earnings at S&P 500 companies probably fell 38 percent on average in the first quarter, according to analysts’ estimates compiled by Bloomberg. Profits may drop 31 percent in the second quarter and 18 percent in the next before gaining 74 percent in the last three months of the year, analysts predict
cross 4, profit 2 (100% gain).
citi if result good, will cross 4 ...hope so.
may snake another 0.08... hehe....
ppl follow ppl.... profits pocketing....
snake it... small snake enough liao.... hehe....
down >8.0 gold > 8.8... short... hehe...
so wait for 5,500 or 7,000 [whichever applies] 2 buy, need patience.....just patience, tat's all.
cheongwee ( Date: 12-Apr-2009 21:12) Posted:
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favour short.... 2 days only hor.... hehe...
Market Mover...companys making report this week..
GE..17/4...Intel..14/4..J & J..14/4...Citigroup..17/4...Sherwin William..16/4...CSX Corp..14/4.
I think citi may report earning surprise on the upside...make a gamble to acc..begin of week.DYODD