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Stock selloff speeds up
Major gauges slump as rebound in oil prices, tech weakness, Boeing downgrade all hurt sentiment.
We need you .... Janet Yellen!
Dow down 89 points and Nasdaq down 25 points now.
The cheong is over.
Tomorrow is another new battle
Prepare for correction tomorrow especially on penny stock..
Maybe it's a one-off thing... just like the 3rd Jan new year one-day chiong.
That means STI will "chiong" tomorrow?
effect of MM - Make Money.
thanks to 1% cut in corporate tax
Elf .... The fund came to S'pore! That's why STI rose 72 points yesterday. :P
Most Actives
0.08%
Dow down 101 points and Nasdaq down 24 points now .... :(
The continue decline in crude oil price did not bring the chain reaction to pulling out the money from other markets.
But DOW sliding down and yet to see touching floor.
Just caution if all fund start to pull out the money may cause a mini crash
Dow down 93 points and Nasdaq down 23 points only .... A 3-D dip for Dow looming!
But I think Janet Yellen swing the market round tonite!
billywows, yep, it's tech earning worries. but that's not the main point: the money is clearly going out of the US. Qn is, where to?
and em. i wouldn't expect a simultaneous oil up, dow down. It's more likely to be sequential. If they're positioning for the long term, it wouldn't be in a day or two either. And i don't believe all global funds are gonna park in everything in oil too.
Right now, global money's unsure and looking for fresh leads. The only thing now is asian equities. that's why the money has been here.
why i said STI is going to be torn tmrw: there'll be traditionalists who follow the dow; and others who think the new direction is asia's (victorian's mention of decoupling with the US). Will be an interesting day tmrw on the STI. expect profit taking tho.
It may appear healthy to you.
But normally the Dow seesaws a lot during trading, but today, it continuosly went down down and down to -90pts without any rebound just during the first hour of trading.
But normally the Dow seesaws a lot during trading, but today, it continuosly went down down and down to -90pts without any rebound just during the first hour of trading.
a healthy correction to prepare a next high.
But Nikkei most likely will be confirm down trend as DOW & NASAQ performance has great influence to Jap market
Yup, Elf ... Oil is going up, but bit only leh. US market down due to TECH Earnings worries. Dow down 89 points and Nasdaq down 21 points only.
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MARKET SNAPSHOT
U.S. stocks fall sharply as tech weakness resumes
Boeing weighs on blue-chips, offsetting Citigroup, Intel gains
By Nick Godt & Tomi Kilgore, MarketWatch
Last Update: 10:38 AM ET Jan 22, 2007
NEW YORK (MarketWatch) -- U.S. stocks were sharply lower on Monday, as caution at the start of a heavy week of earnings continued to weigh on the market, especially on the technology sector, offsetting positive news for Citigroup Inc. and Intel Corp.
"People are looking ahead and feeling a little cautious about upcoming tech earnings later this week," said Stephen Sachs, head of trading at Rydex Investments, citing upcoming results from chip-maker Texas Instruments Inc.
"The Nasdaq underperformed all of last week, so until we get some positive action from that sector, the selling trend will remain in place," said Rydex's Sachs.
Retail investors will be laughing at the funds for buying today.
Dow down 88 points and Nasdaq down 20 points now .... US market has only one hope tonite:
"A speech by Federal Reserve member Janet Yellen on the U.S. economy, due later in the session, may influence trading."
HSI today also cheong like no tomorrow, up 450pts! bought HSI20600 warrant last friday and sold at 4pm today, $7k profit from 30 lots.
Now DOW 80pts red, may be can buy again when big correction tomorrow.
I don't mean the STI will rise tomorrow.. I only meant that, following that analyst's example, I can also say that the STI is "set to rise" tomorow. But that can not be the reality although people have much faith. Remember the Dow leads all markets.