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USA default no big deal 天 塌 下 来 当 被 盖 ， 哼 ！
When US Treasuries default,there is no way to protect yrself.Finanical and equity markets will spiral down.
Sometimes its not what everyone wants. Its like everyone knows there is a hole right in front. No one would want to fall into it..............
BUT for some reason ................knowing its there still fall into it...........
Everyone just do their own stuff thinking no one would missed that big hole...........sure no one would missed that......
Than BUMP !!! hey someone actually fell into it...................:)
The danger is when everyone think it will not happen, No one wants that to happen...........but if there is no effort on either side.............
By the time some one realized.................slipping in..hole too near............already....too little too late case......................................BUMP..into that black hole that no one wants to and no one though someone would actually really fell into it...............
Its that dangerous.................Never say never :)
Do something about it........................
The US press will initiate - call your Senator..call your this and that...pick up the phone call them day and night until they hear you..:)
It show that they are aware if every one takes for granted that someone will know...........the fear is , it gets too near and too little too late case..........it could just happen......and everyone would be helpless and just watch in horror...............:)
Peter_Pan ( Date: 10-Oct-2013 12:06) Posted:
think unlikely US will default bah...too jialat unthinkable if really happen....so i think no matter how...it will be resolved lor..kekeke
Bloomberg reported that House Republican and Democrat leaders are open to a short-term increase in the debt limit. |
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think unlikely US will default bah...too jialat unthinkable if really happen....so i think no matter how...it will be resolved lor..kekeke
Bloomberg reported that House Republican and Democrat leaders are open to a short-term increase in the debt limit.
It is going to be quiet trading until the US sorts out the political mess.
Oh oh I am going to miss my handsome Ben ....
By Lu Wang & Aubrey Pringle - Oct 10, 2013 4:01 AM GMT+0800
U.S. stocks rose, after the benchmark index?s biggest two-day slump since June, amid optimism that Janet Yellen will not rush to withdraw stimulus and signs that lawmakers could raise the debt ceiling.
The Standard & Poor?s 500 Index climbed 0.1 percent to 1,656.49 at 4 p.m. in New York
?Today?s reaction is favorable based on Yellen?s nomination, and secondly there seems to be some thawing of the rhetoric which sets the stage for a resolution that could come before the deadline,? Terry Sandven, chief equity strategist at U.S. Bank Wealth Management, said in a phone interview from Minneapolis. He helps oversee $112 billion. ?That?s positive for the broad equity market.?
The S& P 500 retreated 2.1 percent over the previous two days as concern grew that lawmakers may not raise the federal debt ceiling in time to avoid a government default. Economists say failure by the world?s largest borrower to pay its debt will devastate stock markets from Brazil to Zurich and throw the U.S. and world economies into a recession.
The S& P 500 erased an earlier loss of as much as 0.5 percent today and the Dow rallied after touching its lowest level since June as some possible paths out of the partisan impasse in Washington are starting to emerge.
President Barack Obama opened the door to talks with Republicans on topics from health care to entitlement programs if they end the debt-limit impasse. House Republicans will send a small group of negotiators to the White House tomorrow, Brendan Buck, spokesman for House Speaker John Boehner, said in an e-mail.
Yellen Nomination
The U.S. government is in the ninth day of a partial shutdown and just over a week before U.S. borrowing authority lapses Oct. 17.
Obama nominated Yellen, the current Fed vice chairman and an architect of its stimulus program, to succeed Ben S. Bernanke as chairman. As a top deputy to Bernanke, whose term expires Jan. 31, Yellen supported the central bank?s bond-buying programs that have helped propel the S& P 500 up as much as 155 percent from a 12-year low in March 2009.
Most Fed policy makers said the central bank was likely to reduce the pace of its bond purchases this year, according to minutes released today of their last meeting, which took place before the government shutdown.
At the Sept. 17-18 gathering, officials unexpectedly maintained the pace of its monthly purchases. That decision pushed the S& P 500 to a record close of 1,725.52. The gauge retreated 4.1 percent through yesterday since then.
?Thin? Likelihood
?If you read the minutes with blinders on what?s going on in Washington, you might think the next meeting in October is on the table for tapering to start, but obviously given what we?re dealing with the debt ceiling, that likelihood is extremely thin,? Liz Ann Sonders, New York-based chief investment strategist at Charles Schwab Corp., said in a phone interview. Her firm has $2.08 trillion in client assets.
The government shutdown has delayed the release of economic data, including the Labor Department?s monthly payrolls report, which was due Oct. 4. The lack of data is making it harder for Fed policy makers to assess the health of the economy as they consider when to start paring unprecedented monetary stimulus. Central bankers next convene Oct. 29-30.
World Markets
North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 0.45% and the S& P 500 rose 0.06%. The IPC lost 0.13%.
North and South American Indexes
Based on history STI will hit 3600 next year follow by a crash of 2000 in a worst case scenario In 2015.
The refusal just blow a bigger bubble.
Fed expected to keep cash flowing under Yellen: analysts
Octavia ( Date: 09-Oct-2013 14:45) Posted:
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IT'S OFFICIAL: Obama Will Nominate Janet Yellen For Fed Chair Tomorrow ? Set To Become Most Powerful Woman In American History
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3 reasons why Fed may not taper until 2014
By Annalyn Kurtz @AnnalynKurtz October 9, 2013: 8:40 AM ET
NEW YORK (CNNMoney)
When it comes to the government shutdown and possibility of a debt default, the Federal Reserve can't save the day -- but that may not stop it from trying to soften the blow to the U.S. economy.
It is becoming increasingly likely the Fed will keep its stimulus program in place longer than many expected. Since last September, the Fed has been buying $85 billion in bonds each month in an effort to lower long-term interest rates, particularly on mortgages.
Many economists once thought the Fed would start gradually reducing that program this year -- a process that has come to be known as " tapering." But now some are saying the Fed may wait another five months before it begins to wind it down.
Here are three reasons why the Fed may keep its stimulus in place.
Shutdown weighs on economic growth: The longer the government shutdown continues, the worse the impact will be on the economy.
Economists at Moody's Analytics estimate the shutdown could cost the economy about $50 billion, if it drags on for three or four weeks. That's roughly equal to the amount of growth lost due to Hurricane Katrina and Superstorm Sandy combined. The impact becomes much larger if the debt ceiling isn't raised and the government defaults on its debt.
" Lingering uncertainty - let alone a fiscal accident - would raise the chances that the Fed does not taper until next year," said Ethan Harris, global economist for Bank of America Merrill Lynch in a research note.
Where's the data? Fed officials have stressed that they're basing their decisions entirely on economic data. If the data indicate that the economy (particularly the job market) is improving at a pace the Fed finds comfortable, they will slowly start reducing the size of the monthly bond purchases. If not, they will continue the purchases at full blast.
But what if the data doesn't exist in the first place?
Federal agencies like the Labor Department and Commerce Department are not conducting their usual surveys or releasing reports during the shutdown. When the Federal Reserve next meets on October 29-30, it may not have the latest data on either the unemployment rate or inflation -- the two key areas of the economy that the central bank is charged with managing.
Related: Fed taper won't cause another financial crisis in Asia
Now that the shutdown has continued into the second week of the month, it's possible the October jobs report will be delayed too. The Bureau of Labor Statistics usually conducts its surveys during the week including the 12th.
The lack of data will " make it difficult for the Fed to assess the state of the economy at a time when growth is already undershooting expectations," said Craig Alexander, TD Economics chief economist, in a research note. " Our view is that the central bank will likely not taper asset purchases until early next year."
Fed leadership changes in January: Some economists, like Deutsche Bank's Joe LaVorgna, still believe the Fed may taper at its December meeting. If it doesn't make the move then, however, LaVorgna thinks the Fed may hold off on any major decisions at its January meeting and wait until March instead.
Why?
Ben Bernanke's term as head of the Federal Reserve ends on January 31. It's unlikely the central bank would want to implement such a big change in policy when a new chair is about to come on board, said Sam Bullard, Wells Fargo senior economist.
Related: Bill Gross: Get used to low rates 'for decades'
Those aren't the only changes either. Three positions on the Fed's board of governors could be filled by newcomers, and four regional presidents will rotate into voting roles. This new team of policymakers isn't scheduled to have their first meeting until March 19.
So investors might want to forget about an Octaper, Dectaper or even a Janutaper. 
Dow, Nasdaq & S&P Up or Dwn will affect e whole world mkts😊
dow futures looking green...hope there will be a resolution soon!
U.S. Stock Futures
 S& P | +3.90 / +0.24% |
| Level | 1,654.30 |
| Fair Value | 1,649.42 |
| Difference | 4.88 |
Data as of 4:32am ET |
| Nasdaq | +6.75 / +0.21% |
| Level | 3,157.50 |
| Fair Value | 3,145.84 | |
| Difference | 11.66 | |
Data as of 4:27am ET |
| Dow | +33.00 / +0.22% |
| Level | 14,747.00 |
Data as of 3:09am ET |
How all this related to STI ?
Must punters here , own or look out for local sti shares.......
Whats the significant that you highlight about S& P ?
If it bounce off from the 100DMA indicated by orange color line or marked by the blue doted line then it is uptrend.If it cannot hold it may seek next support at 1598.24(red line, the 200DMA).
moneycow ( Date: 09-Oct-2013 15:13) Posted:
Pls simplify in layman's term.
A diagram and your statement is too specilaised for many to understand.
Good or bad ?
Octavia ( Date: 09-Oct-2013 14:52) Posted:
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Hold... That... Trendline...
the S& P 500 has now broken its 50DMA, is testing down to its 100DMA, and is precariously close to the crucial 11-month trendline.
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Pls simplify in layman's term.
A diagram and your statement is too specilaised for many to understand.
Good or bad ?
Octavia ( Date: 09-Oct-2013 14:52) Posted:
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Hold... That... Trendline...
the S& P 500 has now broken its 50DMA, is testing down to its 100DMA, and is precariously close to the crucial 11-month trendline.
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