rub92me
Don't look back
- Joined
- 24 April 2006
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- 6
That's what baffled me as well. Bad earnings: great!, let's reward you with a solid rise in shareprice.
That's what baffled me as well. Bad earnings: great!, let's reward you with a solid rise in shareprice.It would appear everything is rosey in the financial markets again.
Citi's Bad News Looks Good To Investors (only US2.7B loss so far)
And earning season has just started
but a party the DOW is 14000.
Where's that news rubme?Next to come is Merrill Lynch with over $4 billion written-off. They already sacked two executives. Get ready for another party on Wall Street!
Where's that news rubme?
Where's that news rubme?
Thanks dhukka.Merrill will report mid-month. The news of substantial write-downs has been out for a while. I assume the $4 billion rubme is alluding to is the expected mark-to-market losses on some of its assets.
The story comes from a Goldman Sachs earnings revision which saw them cut Merrill's FY07 forecast by 26%. Should be an interesting report.
Equities ignoring recession worries
October 03, 2007
WE are in the midst of the worst financial crisis since 1998. The American housing market is in its direst state - sales and prices are down, foreclosures and defaults are up - since they started keeping statistical records 50 years ago. The fear of a recession is so large that a reluctant Federal Reserve has reversed course and sharply cut interest rates.
The US dollar is falling to levels against major currencies not seen in decades. Oil is climbing to record highs. On Monday, Citigroup, one of the nation's biggest banks, said its profits for the three months to September would probably drop 60 per cent from a year earlier.
Could somebody please tell the stock market?
Thanks dhukka.
So, if they don't write down $4b their sp will probably shoot up?....
Seems to be the wave of the day at the moment.
As you have pointed out with some stats though, history has shown the market to be irrational on the odd occasion....
"The market can stay irrational longer than you can stay solvent"
Great numbers for the American investor and economy last night with the release of the payroll numbers.And for that matter,also the world markets.One thing puzzles me-the revision up from 4000 jobs down to 89,000 up for August.This is a mind boggling revision of 93,000 jobs-how can so many new job creations be missed?
The Dow hit record height at one stage but pulled back to be under all time highs.Maybe the investor isn't all that sure of these numbers.Was the increase due to psychological cause?
This IMMINENT and severe market correction is taking some time. Data being released monthly is against this. Many will still point to the housing crisis.
One analysts said that the numbers did not tell the state of the economy and the risk of recession is still just under 50-50.But then again,there are so many different analyses of conditions by "experts"that the whole matter is clouded to most.
Sales of new homes tumbled 8.3 percent in August to the lowest in more than seven years and house prices dropped the most in four decades, the Commerce Department in Washington said last week. Consumer confidence fell to the lowest in almost two years in September, according to the Conference Board's index of confidence.
``The big picture is you're going to have a consumer that is going to be pulling back significantly,'' Pimco's Kiesel said. ``The rate cuts by the Fed are unlikely to save housing.''
I would take most statistical data coming out of the US, especially employment & inflation data, with a pinch of salt.
This thread was started some months ago - the correction has already been & gone, & the fundamentals havn't changed, in fact only gotten worse. Maybe there should be a new thread - Imminent & severe market crash.
Why take the data with a pinch of salt?Are the figures cooked to lead the ordinary person to think things are not as bad as they really are?
This thread was started some months ago - the correction has already been & gone
I hardly think this little blip we have just had can be called a severe market correction.
Look at the real correction in 2000, then look at what we have just had, you can hardly see it on the chart it is that minor.
Not to say we won't get the big correction but we certainly haven't had one yet.
Yes, splitting hairs I guess as to being severe, but stil a technical correction? So will the real correction/crash please stand up - then again maybe it better not.
I hardly think this little blip we have just had can be called a severe market correction.
Look at the real correction in 2000, then look at what we have just had, you can hardly see it on the chart it is that minor.
Not to say we won't get the big correction but we certainly haven't had one yet.
Well the actual write downs were more like $5 billion, more than anyone expected. And guess what: the share price went up 2.5%. You gotta laugh...Kennas,
Judging from Merrill's push into riskier asset markets and based on other brokers with similar exposures that have already taken write-downs, there is little doubt that MER will be marking down asset values. The actual amount is still unknown but expect it to be in the billions.
if the mark-downs come in at $2 billion and not $4 billion the market may push MER stock higher but at the end of the day it's all short term noise. Of more importance is what is coming ahead.
200-2003 was full on bear market not a mere correction, wiping off almost 39% of the DJIA. Perhaps the term "a slow crash" would be more appropriate. At least it gave investors multiple opportunities to unload with all the deep retracements it had unlike 29 and 87 before going as low as it did.
The Dow hit record height at one stage but pulled back to be under all time highs.Maybe the investor isn't all that sure of these numbers.Was the increase due to psychological cause?
To some people a couple of months ago could have been a severe market correction.
Great numbers for the American investor and economy last night with the release of the payroll numbers.And for that matter,also the world markets.One thing puzzles me-the revision up from 4000 jobs down to 89,000 up for August.This is a mind boggling revision of 93,000 jobs-how can so many new job creations be missed?
The Dow hit record height at one stage but pulled back to be under all time highs.Maybe the investor isn't all that sure of these numbers.Was the increase due to psychological cause?
This IMMINENT and severe market correction is taking some time. Data being released monthly is against this. Many will still point to the housing crisis.
One analysts said that the numbers did not tell the state of the economy and the risk of recession is still just under 50-50.But then again,there are so many different analyses of conditions by "experts"that the whole matter is clouded to most.
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