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If you long Dow like me.. Then you big bonus... If not, then not sure lo.. Lol
Peter_Pan ( Date: 16-Oct-2013 22:59) Posted:
good job!! this year hua hong tua tua!!
GorgeousOng ( Date: 16-Oct-2013 22:13) Posted:
Don't worry COO has imported many workers from Malaysia...Indo ..........production oredi started!!!!
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Wednesday, 16 Oct 2013 | 11:07 AM
Stocks spiked up. Wednesday, with Dow surging 200 points, as investors remained encouraged that lawmakers would strike a last-minute deal to prevent the country from defaulting on its debt.
Major averages took a leg higher after Reuters reported that U.S. Senate negotiators are
" very close" to announcing a deal on extending the debt ceiling.
The Senate is likely to move " quickly" to pass a fiscal debt deal currently being negotiated, according to a Senate aide. Senate leaders are in talks with House leaders to find a way to win fast passage of the deal in both chambers.
The New York Times reported that the deal is likely to be announced by midday, citing Senate aides.
good job!! this year hua hong tua tua!!
GorgeousOng ( Date: 16-Oct-2013 22:13) Posted:
Don't worry COO has imported many workers from Malaysia...Indo ..........production oredi started!!!!
Peter_Pan ( Date: 16-Oct-2013 22:04) Posted:
| need to ramp up Green Huat Kueh production! very jialat!! boh gao kah chiu!!! |
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My Dow huat huat again... Thank you
Don't worry COO has imported many workers from Malaysia...Indo ..........production oredi started!!!!
Peter_Pan ( Date: 16-Oct-2013 22:04) Posted:
| need to ramp up Green Huat Kueh production! very jialat!! boh gao kah chiu!!! |
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need to ramp up Green Huat Kueh production! very jialat!! boh gao kah chiu!!!
Dow +183
World Markets
North and South American markets are higher today with shares in U.S. leading the region. The S& P 500 is up 0.88% while Brazil's Bovespa is up 0.20% and Mexico's IPC is up 0.03%.
North and South American Indexes
By Alexis Xydias - Oct 16, 2013 9:42 PM GMT+0800
U.S. stocks gained, sending the Standard & Poor?s 500 Index (SPX) higher for the fifth time in six days, as lawmakers rushed to lock up an agreement on raising the debt limit before tomorrow?s deadline.
The S& P 500 rose 0.6 percent to 1,708.93 at 9:39 a.m. in New York. The benchmark gauge slid 0.7 percent yesterday after rallying 3.3 percent over the previous four days. The Dow Jones Industrial Average gained 91.77 points, or 0.6 percent, to 15,259.78 today. Trading in S& P 500 stocks was 21 percent above the 30-day average at this time of day.
?If the market truly believed the U.S. will default on its obligations, we would see a more dramatic reaction from equity and bond markets,? Henk Potts, who helps oversee about $310 billion as a strategist at Barclays Wealth & Investment Management in London, said by phone today. ?The great expectation is the deal will be done. If the deal is not done, however minuscule that chance that may be, it would have a devastating impact on sentiment.?
The S& P 500 has advanced 1 percent this month even as Congress failed to agree on a federal budget, forcing the first partial government shutdown in 17 years.
Debt Limit
A framework being negotiated by Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell would fund the government through Jan. 15, 2014, and suspend the debt limit until Feb. 7. The proposal will probably be presented for a House vote by Speaker John Boehner and may win passage with a majority of Democrats and minority of Republicans, Representative Charles Dent, a Pennsylvania Republican, said in an interview on CNN.
With no deal, the U.S. would exhaust its borrowing authority tomorrow and the government may start missing payments at some point between Oct. 22 and Oct. 31, according to the Congressional Budget Office. Fitch Ratings put the world?s biggest economy on watch for a possible credit downgrade yesterday, citing lawmakers? inability to agree.
?Reaching a broad agreement aside, there are still a few hoops to go through before it can be considered a done deal,? Jim Reid, a strategist at Deutsche Bank AG, wrote in e-mailed comments. ?All eyes clearly will be on this today as we await for further developments from Capitol Hill.?
The Federal Reserve is scheduled to release its Beige Book of current economic conditions today.
Earnings Season
Some 22 companies in the S& P 500 are due to post results today.
GuFeng
Thanks for the posting of the short-sell orders.
Appreciate it.
Maybe it was like tt behind scene!
Not shown only! 😁
If no deal done by 2nite, die lo!
Like that good oredi! Just kick the door open.......Lol.
Luckily not like this...
Peter_Pan ( Date: 16-Oct-2013 17:08) Posted:
why like that?
WanSiTong ( Date: 16-Oct-2013 16:37) Posted:
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Watch " President Barack Obama after a conference with Polish President" on YouTube - https://www.youtube.com/watch?v=OV6Zychbc44& feature=youtube_gdata_player
Wonder what Mr President say?
Like that jialat liao eh? Or just the wayang climax??
Peter_Pan ( Date: 16-Oct-2013 17:08) Posted:
why like that?
WanSiTong ( Date: 16-Oct-2013 16:37) Posted:
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why like that?
WanSiTong ( Date: 16-Oct-2013 16:37) Posted:
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Those gd stocks w strong fundamental shd hold. But e weaker stocks hve dipped below cost. Painful to cut lost leh:(
It may be that STI is having the US debt discord between politicians as an excuse to bring the market down. Thus whether they solve their problems in the White house or congress, our market is in the midst of the downtrend. Probably at the middle of Nov 2013 can we only see the market ticks up. So don't be panicky and sell everything, Just sell something and use the funds for November.
