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lookcc 28-Feb-2007 23:20
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dow up 52, nsdp up 3 @ 1119

xoefxoef 28-Feb-2007 23:10
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new home sales down 16.6%

weak Chicago PMI
release. The headline came into at 47.9 for February vs 48.8 in January. This is
the lowest level since October 2002 highlighting the US recession risk.

xoefxoef 28-Feb-2007 22:34
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Nasdaq higher 0.3% at 2,414

xoefxoef 28-Feb-2007 22:31
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US markets open DOW + 0.2%

billywows 28-Feb-2007 19:11
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Let's see how US market performs tonite. Data to be out are:

2130hrs: Gross domestic product
2245hrs: Chicago PMI
2300hrs: New home sales
2330hrs: Energy Dept. oil stocks

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INDICATIONS

U.S. may claw back a quarter of Tuesday's losses

Stock futures gain after biggest one-day loss since 2001

By Steve Goldstein, MarketWatch

Last Update: 5:54 AM ET Feb 28, 2007

LONDON (MarketWatch) -- U.S. stocks were poised to claw back a quarter of Tuesday's massive losses, buoyed by a partial recovery in Shanghai.

S&P 500 futures rose 13.1 points at 1,408.70 and Nasdaq 100 futures climbed 17 points to 1,767.50. Dow industrial futures rose 100 points.

U.S. stock markets suffered its worst one-day plunge since 2001 on Tuesday, with a sell-off of Chinese stocks blamed for igniting broader concerns about a range of items, from a surprisingly strong stock market gains in early 2007, difficulties in the subprime mortgage market, a lackluster U.S. manufacturing sector, growing tensions between Iran and the West, and an assassination attempt on Vice President Dick Cheney in Afghanistan.

The Dow industrials fell 415 points, the Nasdaq Composite lost 96 points and the S&P 500 dropped 30 points. The VIX, a gauge of market volatility, spiked 64%, hurting many who had bet on low volatility.

Bears won't have China to blame on Wednesday, at least, with the Shanghai Composite rallying 3.9% on reports the Chinese government won't tax stock-market gains. Other markets in Asia, notably the Nikkei 225 in Tokyo, weren't as strong, with the main Japanese index dropping 2.9% and the Hang Seng losing 2.5% in Hong Kong.

Stocks in Europe also were down sharply on Wednesday, though off the morning's lows. The FTSE 100 fell 1% in London, and the Dow Jones Euro Stoxx 50 volatility index jumped 35%.

There's a host of economic data due out, including an expected downward revision to fourth-quarter GDP, which is due out at 8:30 a.m. (2130hrs) Eastern. Economists polled by MarketWatch expect GDP to be revised down to 2% from 3.5%.

The Chicago purchasing manager index for February, and January new-home sales figures also will be released.

Federal Reserve Chairman Ben Bernanke is due to speak to the House about long-term fiscal challenges; two weeks ago, he told the Senate it was a big problem but he wouldn't tell Congress how it should act.

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LONDON (MarketWatch) -- U.S. stocks were poised to claw back a quarter of Tuesday's massive losses, buoyed by a partial recovery in Shanghai.

S&P 500 futures rose 13.1 points at 1,408.70 and Nasdaq 100 futures climbed 17 points to 1,767.50. Dow industrial futures rose 100 points.

U.S. stock markets suffered its worst one-day plunge since 2001 on Tuesday, with a sell-off of Chinese stocks blamed for igniting broader concerns about a range of items, from a surprisingly strong stock market gains in early 2007, difficulties in the subprime mortgage market, a lackluster U.S. manufacturing sector, growing tensions between Iran and the West, and an assassination attempt on Vice President Dick Cheney in Afghanistan.

The Dow industrials fell 415 points, the Nasdaq Composite lost 96 points and the S&P 500 dropped 30 points. The VIX, a gauge of market volatility, spiked 64%, hurting many who had bet on low volatility.

Bears won't have China to blame on Wednesday, at least, with the Shanghai Composite rallying 3.9% on reports the Chinese government won't tax stock-market gains. Other markets in Asia, notably the Nikkei 225 in Tokyo, weren't as strong, with the main Japanese index dropping 2.9% and the Hang Seng losing 2.5% in Hong Kong.

Stocks in Europe also were down sharply on Wednesday, though off the morning's lows. The FTSE 100 fell 1% in London, and the Dow Jones Euro Stoxx 50 volatility index jumped 35%.

There's a host of economic data due out, including an expected downward revision to fourth-quarter GDP, which is due out at 8:30 a.m. (2130hrs) Eastern. Economists polled by MarketWatch expect GDP to be revised down to 2% from 3.5%.

The Chicago purchasing manager index for February, and January new-home sales figures also will be released.

Federal Reserve Chairman Ben Bernanke is due to speak to the House about long-term fiscal challenges; two weeks ago, he told the Senate it was a big problem but he wouldn't tell Congress how it should act.

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billywows 28-Feb-2007 07:40
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WoW Wee .... Dow crashed 416 points and Nadsaq too down 96 points last nite!!! Bloody Mary for STI today ..... !!!!!

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MARKET SNAPSHOT

U.S. stocks plunge to worst 1-day drop since 2001

Dow tumbles 415 points as Shanghai slide spooks global markets

By Nick Godt, MarketWatch

Last Update: 5:56 PM ET Feb 27, 2007

NEW YORK (MarketWatch) -- U.S. stocks plunged to their worst one-day performance since 2001 on Tuesday, with the Dow Jones Industrial Average losing 200 points in one minute around 3 p.m. before recovering some ground by the close, after a sell-off in China fueled concerns about growth.

Concerns that tighter credit conditions in China and Japan might dampen global growth first sent Shanghai sliding 9% overnight before the sell-off spread to other markets.

The Dow Jones Industrial Average fell 415 points or 3.3%, to close at 12,216, its worst one-day drop since September 2001. All 30 Dow components fell by at least 1%.

The S&P 500 index dropped 50 points, or 3.5%, to 1,399, while the technology-heavy Nasdaq Composite took the brunt of the selling, falling 96 points, or 3.9%, to 2,407. Both indexes put in their worst one-day point declines since September 2001.

Following weakness last week, the blue-chip average has now erased all its gains for the year so far.

After sliding all day, U.S. stocks seemed to fall off a cliff in the afternoon, as data providers failed to keep up with selling programs, noted Stephen Sachs, head of trading at Rydex Investments.

"There's not even a flight to quality into gold or the Swiss franc, which tells me that we're closer to the beginning than to the end of this," Sachs said.

At about 3 p.m., the drop in the Dow accelerated and in the blink of an eye was down 546.20 points because of a price tabulation error at Dow Jones, which calculates the average in real-time and transmits the figure to market-data providers. According to Dow Jones, there was a temporary lag in its calculation and when a backup computer came on line, the displayed average instantly spiked lower to catch up with the current level.

Trading volumes hit record levels on the New York Stock Exchange, where more than 2.3 billion shares exchanged hands. More than 3 billion shares traded on the tech-heavy Nasdaq stock market.

Declining issues outpaced gainers by 29 to 4 on the NYSE and by 14 to 1 on the Nasdaq.

The VIX, a gauge of market volatility, spiked 64% on Tuesday "which could cause a lot of serious pain" among investors who'd been betting on quiet waters since last summer, he said.

U.S. stocks, "have been way, way overdue for a correction," said Barry Ritholtz, chief market strategist at Ritholtz Research & Analytics. The market has been weakening since last week amid concerns about subprime mortgages and waning economic growth, he noted.

"Whether it's contained to today or if it's the beginning of a more serious correction, we'll have to see over the next couple of days," said Paul Nolte, director of investments at Hinsdale Associates.

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gho485 28-Feb-2007 07:00
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Today is going to be a blood shed day.....Sigh.

jackjames 28-Feb-2007 06:23
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today is share buy back time, ekkekekekkeke...... i wish DOW drops for another week, i want to see black market happening man..

cashiertan 28-Feb-2007 04:11
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wow dow drop 4%.. lucky sold my shares all today...

marky27 28-Feb-2007 00:50
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Dow 139.15

elfinchilde 28-Feb-2007 00:47
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sti likely down tmrw too. money appears to be going into gold. and prepping for oil. if so, expect emerging markets to crash.

DBSVB call:

support for STI at 3215. If fall below 3193, it negates the rising trend. sorry for posting on dow thread; indices are all linked to me....

billywows 28-Feb-2007 00:27
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Ah ....... Dow down 150 points and Nasdaq down 45 points now! Oink Piggy Year!

DOW NASDAQ
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iqeqaqcq 28-Feb-2007 00:03
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drop 144 points now.

billywows 27-Feb-2007 23:59
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Dipping again. Dow down 130 points and Nasdaq down 39 points now .....

DOW NASDAQ
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xoefxoef 27-Feb-2007 23:49
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Dow & NASDAQ recovering:

DOW - 1.08% / NASDAQ - 1.5%

Not so bad after all. In mature markets like US and Europe market will not crash with more then 5% without reason.

Time to get out of emrging markets like China/India.

billywows 27-Feb-2007 23:40
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HeeHee!! Good positive note of yours, Xoefxoef ...

"Better-than-expected existing homes sales and a rise in consumer confidence, helped put a somewhat of a floor under stocks. But the data's influence was countered by a steeper-than-expected drop in durable goods orders in January, which also fueled growth concerns.

On Wednesday, investors are bracing for the revision to the fourth-quarter GDP, which is expected to show growth revised down to 2% from 3.5% previously. "

lookcc 27-Feb-2007 23:40
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my hope too, hopefully not hoping against hope.

xoefxoef 27-Feb-2007 23:35
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This should help the US markets keeping the losses within 1.5%

Perhaps recovery towards the end.

Tomorrow investors may shift from China to more established Singapore Markets. Shiok

STI on the way to 3,400 points

xoefxoef 27-Feb-2007 23:33
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Boston, February 27. After a gusher
of bad news for the USD in recent days, a few drips of optimism have hit the market with the release of strong existing home sales and a 5 1/2 high in US consumer confidence.

billywows 27-Feb-2007 23:31
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Dow down 124 points and Nasdaq down 35 points now .....

DOW NASDAQ
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MARKET SNAPSHOT

U.S. stocks sharply lower on China jitters

Dow drops 130 points as Shanghai slide spooks global markets

By Nick Godt, MarketWatch

Last Update: 10:19 AM ET Feb 27, 2007

NEW YORK (MarketWatch) -- U.S. stocks plunged on Tuesday, sending the Dow Jones Industrial Average down by 130 points, as a confluence of events -- a sell-off in China, global geopolitical tensions, jitters about subprime mortgages and concerns about growth -- put investors on edge.

The weakness comes from "a spill-over from the Chinese decline and geopolitical concerns," said Peter Cardillo, chief market economist at Avalon Partners.

The Dow Jones Industrial Average was down 123 points at 12,507, weighed by steep declines in shares of Alcoa Inc., Caterpillar Inc., Dupont, and General Motors Corp.

General Electric was one of three stocks bucking the trend, rising 0.3% after being upgraded to buy from hold at UBS.

Better-than-expected existing homes sales and a rise in consumer confidence, helped put a somewhat of a floor under stocks. But the data's influence was countered by a steeper-than-expected drop in durable goods orders in January, which also fueled growth concerns.

On Wednesday, investors are bracing for the revision to the fourth-quarter GDP, which is expected to show growth revised down to 2% from 3.5% previously.

"The market is still at very high levels and we're also getting a long list of economic data," Cardillo said. "Investors are going to be playing quite close to the vest while bonds are going to be the big beneficiary today."

Among other Dow components, Wal-Mart Stores Inc. fell 1% after it agreed to acquire 35% of Trust-Mart, a Taiwanese-owned operator of hypermarkets in China. The world's largest retailer has reportedly agreed to pay around $1 billion for the stake.

The S&P 500 index dropped 14 points to 1,434, while the technology-heavy Nasdaq Composite took the brunt of the selling, falling 37 points or 1.5%, to 2,467.

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