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581-600 of 8312
500 points !!!! Wah, then means more hot plate frogs for me for supper, especially the smoke and alcohol free ones !
handon ( Date: 02-Nov-2009 23:22) Posted:
ppl on the street very opteemestick say 500pts Wed... hehe.... 
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wishing you good health and long life.
regards to your boss, no need to buy cigs liao.
handon ( Date: 02-Nov-2009 23:41) Posted:
| later no 200pts... quit smoking..... quit drinking..... hehe....
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* 道琼斯 9708.12 -0.05%
Oh no....mini wave 3 for Dollar seems like starting liao....
Hot plate sichuan chilli bull frogs for supper!
maxcty ( Date: 03-Nov-2009 00:03) Posted:
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descending now.....
Quite tough. The dollar will be finding another higher bottom in a few hours time before it stages a wave 3. So, let us see...
iPunter ( Date: 02-Nov-2009 23:14) Posted:
Looks like the Dow may Cheong 2% again tonight...
Then tomorrow's prices will be good... hehehe... 
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later no 200pts... quit smoking..... quit drinking..... hehe....
ppl on the street very opteemestick say 500pts Wed... hehe....
haha..will it be similar case like last week? cheong one day and lau sai the other.
Looks like the Dow may Cheong
2% again tonight...
Then tomorrow's prices will be good... hehehe...
200pts should be no problem.... hehe....
market sentiment.... FORD.... SONG.... hehe..
stay long.... 9.8 here we come again....
may the brave one win Big BIG.... hehe....
Obama Says Evidence Shows Economy Moving in ’Right Direction’
By Nicholas Johnston
Oct. 31 (Bloomberg) -- President
Barack Obama said figures on economic growth and the number of jobs created by government spending show that the economy is “moving in the right direction.”
In his weekly radio and Internet
address, Obama highlighted the Commerce Department report that the U.S. economy grew at a 3.5 percent annual rate the third quarter and separate data showing spending from the $787 billion economic stimulus is directly responsible for 640,329 jobs so far.
“I am pleased to offer some better news that, while not cause for celebration, is certainly reason to believe that we are moving in the right direction,” Obama said.
Economic growth and higher government spending hasn’t reduced the unemployment rate, which rose to a 26-year high of
9.8 percent in September. Obama has said he expects the rate to exceed 10 percent, and the jobless rate has been seized on by the administration’s critics.
“Economic growth is no substitute for job growth,” Obama said today. “And we will likely see further job losses in the coming days, a fact that is both troubling for our economy and heartbreaking for the men and women who suddenly find themselves out of work.”
Obama said the expanding economy is the first step to job creation and the gross domestic product report this week that showed the first quarter of growth in a year, is a “good sign.”
“We have made progress,” Obama said. “At the same time, I want to emphasize that there’s still plenty of progress to be made.”
Republican Address
In the Republican
address, House Minority Leader
John Boehner of Ohio criticized the proposed $894 billion health- care legislation unveiled by House Democrats this week. It would create a government-run insurance program, require employers to cover workers and impose a surtax on the wealthiest Americans.
“This 1,990 pages of bureaucracy will centralize health care decision-making in Washington,” he
said.
Boehner said the legislation would require thousands of new government employees, put bureaucrats in charge of medical treatment and will raise health insurance premiums.
Boehner called on Democrats to work with Republicans to create a “fiscally responsible” overhaul of the health-care system.
Republicans favor proposals to let people buy health insurance across state lines, give states tools to overhaul health-care systems, curb medical malpractice lawsuits and expand health-insurance purchasing pools, Boehner said.
“We now have a choice: We can come together to implement smart, fiscally responsible reforms to improve Americans’ health care or we can recklessly pursue this government takeover that creates far more problems than it solves,” Boehner said.
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A Wall Street sign outside the New York Stock Exchange.
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NEW YORK : Despite the return of US economic growth, Wall Street was in no mood to celebrate as it braced for a Federal Reserve interest rate decision and crucial monthly labour data next week.
"Volatility is clearly on the increase as markets attempt to digest what appear to be contradictory signals on the economy," said Brian Bethune and Nigel Gault, economists at IHS Global Insight, in a client note.
After a slight dip the previous week, the blue-chip Dow Jones Industrial Average slid 2.6 percent over the week to finish Friday at 9,712.73.
The tech-heavy Nasdaq composite index plunged a sharp 5.1 percent to 2,045.11 over the week, while the broad-market Standard & Poor's index gave back 4.0 percent at 1,036.19.
The major indices on Friday remained stuck in negative territory from the opening bell, a day after the steep rally had snapped four consecutive sessions of losses.
The downtrend followed the market's 14-month high in mid-October, when the blue-chip Dow topped the psychological barrier of 10,000 points.
Though the Dow ended October with its eighth consecutive monthly gain, the other two indices posted their first monthly drop since February.
"We are getting increasingly the sentiment expressed by investors that there are a lot of gains that have been generated this year after a dreadful 2008," said Craig Peckham, an analyst with Jefferies, a US securities and investment banking group.
"That led to a fair amount of performance protection. We have not seen a great deal of willingness after this big rally to commit more capital to stocks," he said.
Many analysts have pointed out that the market appeared overextended after the Dow rose more than 50 percent since its early March lows.
Spirits were only temporarily lifted after the US government reported Thursday that gross domestic product rose a stronger-than-expected 3.5 percent at an annual rate in the third quarter, after a year of contractions.
The news sparked the strongest single-session Dow rally since July, with blue chips up 2.05 percent, but the euphoria quickly faded amid worries about the sustainability of GDP growth once emergency government support is withdrawn, despite a series of better-than-expected company earnings reports.
"Investors are struggling right now with what the next catalyst will be to take stocks higher," Peckham said.
"We are going to switch now to a market dominated by corporate earnings, to a trade dominated by central banks," he added.
The Federal Reserve's policymaking committee, the Federal Open Market Committee, meets Tuesday and Wednesday. The FOMC is widely expected to keep the Fed's base interest rate target at a historic low of zero to 0.25 percent to help stimulate growth.
All eyes will be fixed on the FOMC rate decision to be announced Wednesday and the accompanying statement, which will be pored over for signals on the direction of monetary policy as the economy emerges from recession that began in December 2007.
Markets will also be focused on similar meetings of the European Central Bank and the Bank of England.
Bonds benefited from stock market weakness. The yield on the 10-year Treasury bond fell to 3.392 percent from 3.475 percent a week earlier and that on the 30-year bond dropped to 4.236 percent from 4.289 percent. Bond yields and prices move in opposite directions.
Wall Street ended the week gripped by speculation that embattled CIT Group, a major lender to small and medium-sized businesses, would likely file for bankruptcy protection over the weekend.
Next week's hefty macroeconomic calendar concludes with the closely watched monthly labor market report for October. The unemployment rate rose to a 26-year high of 9.8 percent in September.
"There is a great deal of concern at this late stage of the year with where we are with jobs because the next two months are all about the consumer," said Marc Pado at Cantor Fitzgerald.
"Will they have the confidence to shop for the holidays?"
The calendar includes data on construction spending and the ISM manufacturing index on Monday and industrial orders and the ISM services index on Tuesday.
H1N1....then dj n s&p 6700 n 666 again????
handon ( Date: 31-Oct-2009 21:58) Posted:
dow plunge mainly by H1N1.... hehe....
ppl on the street assign how H1N1 affect $$$ market...
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dow plunge mainly by H1N1.... hehe....
ppl on the street assign how H1N1 affect $$$ market...
likely dow reverses trend next mth, downtrend on d way.
Hope, greed, fear, unwillingness to face the facts in the market, is a trader's bane.
true.
iPunter ( Date: 31-Oct-2009 19:46) Posted:
You could have made so much, if only you had shorted at the peak...
This is why time-frame is so important!
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