What happened today?
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Re: What happened today
i'd say its the CPI result that came out. probably means an interest rate rise next month. only my opinion, although the DOW futures are down big time ATM but i dont think to many take to much notice of them any more
cheers PC
i'd say its the CPI result that came out. probably means an interest rate rise next month. only my opinion, although the DOW futures are down big time ATM but i dont think to many take to much notice of them any more
cheers PC
Nyden
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Re: What happened today
Quite a few things, the prospects of a further rate rise on the back of poor CPI results.
The second would be this Merrill Lynch business; they're going to report their losses tonight; and there's a chance it'll be considerably greater then expected.
Markets are a tad fragile at the moment, I guess; my theory is just to ride it all out.
Quite a few things, the prospects of a further rate rise on the back of poor CPI results.
The second would be this Merrill Lynch business; they're going to report their losses tonight; and there's a chance it'll be considerably greater then expected.
Markets are a tad fragile at the moment, I guess; my theory is just to ride it all out.
Re: What happened today
According to number of breaking news, the XAO started to turn around when the report from New York Times saying that
"Merrill Lynch & Co., the U.S. securities firm that pushed into subprime lending last year, will add about $2.5 billion of writedowns to the $5 billion it disclosed earlier this month"
This news brought back the concern over U.S. subprime mortgage crisis
Tomorrow will be another RED day.
You can see the US Futures already pointing to RED. (-54 points)
cheers.
According to number of breaking news, the XAO started to turn around when the report from New York Times saying that
"Merrill Lynch & Co., the U.S. securities firm that pushed into subprime lending last year, will add about $2.5 billion of writedowns to the $5 billion it disclosed earlier this month"
This news brought back the concern over U.S. subprime mortgage crisis
Tomorrow will be another RED day.
You can see the US Futures already pointing to RED. (-54 points)
cheers.
Nyden
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Re: What happened today
To say tomorrow will be another "RED" day seems unfounded. You can't say what will happen without a doubt, sorry - but you've already repeated this same comment on multiple threads, and it's ticked me off
:
I don't like people who run these little scare campaigns
You know as well as I do, all of this is just pre-open. If the news isn't as bad as what people are fearing, well heck, we may even see a neutral to green day.
And considering the sellers already got out today in the ASX, even if there is bad news in the US overnight - our damage may be minimal (since we already pre-emptively gave up our rally)
You may be right, I'm just saying - don't state that "we will 100% have a terrible day tomorrow"
To say tomorrow will be another "RED" day seems unfounded. You can't say what will happen without a doubt, sorry - but you've already repeated this same comment on multiple threads, and it's ticked me off
:I don't like people who run these little scare campaigns
You know as well as I do, all of this is just pre-open. If the news isn't as bad as what people are fearing, well heck, we may even see a neutral to green day.
And considering the sellers already got out today in the ASX, even if there is bad news in the US overnight - our damage may be minimal (since we already pre-emptively gave up our rally)
You may be right, I'm just saying - don't state that "we will 100% have a terrible day tomorrow"
Nyden
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Re: What happened today
No, I'm sorry
You've caught me in a bit of a cranky mood tonight!
I like to think positive, and I just don't like all this negativity:
No, I'm sorry
You've caught me in a bit of a cranky mood tonight!
I like to think positive, and I just don't like all this negativity
:
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Re: What happened today
Red or Green, it's all good stuff. Buy on Red, sell on Green. Sell enough on the Green to prepare for the next Red. If you missed selling on the Green or didn't sell enough, ride out the next Red and wait for the next Green.
Amber is a real pain in the butt!
No, I'm sorry
You've caught me in a bit of a cranky mood tonight!
I like to think positive, and I just don't like all this negativity
Red or Green, it's all good stuff. Buy on Red, sell on Green. Sell enough on the Green to prepare for the next Red. If you missed selling on the Green or didn't sell enough, ride out the next Red and wait for the next Green.
Amber is a real pain in the butt!
wayneL
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Re: What happened today
It's only negative if you're long....I just don't like all this negativity
Re: What happened today
Roland
I love your post mate??? you are right .... They both are good stuff, just the matter of how to play with them.
Amber is a real pain !!!!! hahaha
Thanks.
Red or Green, it's all good stuff. Buy on Red, sell on Green. Sell enough on the Green to prepare for the next Red. If you missed selling on the Green or didn't sell enough, ride out the next Red and wait for the next Green.
Amber is a real pain in the butt!
Roland
I love your post mate??? you are right .... They both are good stuff, just the matter of how to play with them.
Amber is a real pain !!!!! hahaha
Thanks.
Nyden
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Re: What happened today
You laugh now, but wait until the dow closes 100 pts higher
...that'll be what happens in my dreams tonight at least, some pre-sleep liquor will see to that!
It's only negative if you're long.
You laugh now, but wait until the dow closes 100 pts higher
...that'll be what happens in my dreams tonight at least, some pre-sleep liquor will see to that!
wayneL
VIVA LA LIBERTAD, CARAJO!
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Re: What happened today
I'll still be laughing. The US market has been a joke for some time.... but, never fight the ticker.You laugh now, but wait until the dow closes 100 pts higher
...that'll be what happens in my dreams tonight at least, some pre-sleep liquor will see to that!
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Re: What happened today
The US market, albeit a joke can be quite a lot of fun. Made a bucket on IMMR on the Nasdaq and worth a look if you are into US stocks (Haptics and Force Feedback). CHINA (CDC Corp) on the NYSE is my current interest, currently at $7.38 broker consensus $11 +
P.S. Our exchange rate has evened out the playing field
I'll still be laughing. The US market has been a joke for some time.... but, never fight the ticker.
The US market, albeit a joke can be quite a lot of fun. Made a bucket on IMMR on the Nasdaq and worth a look if you are into US stocks (Haptics and Force Feedback). CHINA (CDC Corp) on the NYSE is my current interest, currently at $7.38 broker consensus $11 +
P.S. Our exchange rate has evened out the playing field
wayneL
VIVA LA LIBERTAD, CARAJO!
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Re: What happened today
Wow, you are keen - I need my sleep. I plant the seed the night before and see if it has sprouted in the morning
I know! I've been nocturnal for years.
Wow, you are keen - I need my sleep. I plant the seed the night before and see if it has sprouted in the morning
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Re: What happened today
Brilliant post mate!
Red or Green, it's all good stuff. Buy on Red, sell on Green. Sell enough on the Green to prepare for the next Red. If you missed selling on the Green or didn't sell enough, ride out the next Red and wait for the next Green.
Amber is a real pain in the butt!
Brilliant post mate!
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Re: What happened today
What do you see in the set of data below amongst all the green? Global markets will only see 'ML LOSS $7.9b QRT 3'. Perhaps now ML is the red canary in the coal mine. Lots have been posting that for sometime now. Wiser analysts than me.
At least we know why the Dow tanked last time. $7.9b US is a big bad black hole to fund in anyone's balance sheet.
Far out. Who was teaching liquidity and risk 101 at Merril's a few years back? Must have been the greediest optimist since Allan Bond.
To the wise owl who said 'sell when green, buy when read', you will have your chance tomorrow. Seems to be playing out just like July/August to me. Just this time it was the industrials that set it off. Come January, who will it be this time or will disaster be averted? Oh well there will probably be a relief rally before the next skeleton falls a clattering from amongst the armani suits in the Wall Street cupboard. Maybe Stan O'Neal started the bush fires in California to destroy some housing stock and stimulate the housing market. That, or a rate rise, or a war. What a f**king joke the land of the currency printing press has become.
PS: I was an optimist in August. But $8b in one hit for ML with $Xb to come will make the next 6 to 12 mths interesting indeed. At a market cap of $58b, that is 10% of the company that has just evaporated as fast as the money was printed. Staggering really.
'SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are likely to see active trading during Wednesday's session are Boeing, Symantec, Merrill Lynch and Genzyme.
Boeing is forecast to report third-quarter earnings of $1.24 a share, according to analysts surveyed by Thomson Financial.
Symantec Corp. is expected to report earnings of 26 cents a share in the fiscal second quarter.
Merrill Lynch Co. is projected to post net loss of 45 cents a share in the third quarter.
Genzyme Corp. is expected to post third-quarter earnings of 87 cents a share.
Anheuser Busch Cos. is forecast to report earnings of 93 cents a share in the third quarter.
Kellogg Co. is estimated to report third-quarter earnings of 73 cents a share.
General Dynamics Corp. is projected to post earnings of $1.25 in the third quarter.
Allegheny Technologies Inc. is forecast to post earnings of $1.86 in the third quarter.
Ryder System Inc. is expected to report third-quarter earnings of $1.13 a share.
Boston Properties Inc. is projected to report earnings of 67 cents a share in the third quarter.
Moody's Corp. is estimated to post earnings of 55 cents a share in the third quarter.
Coca-Cola Enterprises Inc. is expected to report third-quarter earnings of 44 cents a share.
Fidelity National Information Services Inc. is expected to report third-quarter earnings of 64 cents a share.
Ameriprise Financial Inc. is forecast to post earnings of 99 cents a share in the third quarter.
Corning Inc.is estimated to post earnings of 37 cents a share in the third quarter.
Occidental Petroleum Corp. is projected to report third-quarter earnings of $1.31 a share.
Wm. Wrigley Jr. Co.'s is forecast to report third-quarter earnings of 60 cents a share.
ConocoPhillips is expected to report earnings of $2.17 a share in the third quarter.
Monster Worldwide Inc. is estimated to post 33 cents a share in third-quarter earnings.'
What do you see in the set of data below amongst all the green? Global markets will only see 'ML LOSS $7.9b QRT 3'. Perhaps now ML is the red canary in the coal mine. Lots have been posting that for sometime now. Wiser analysts than me.
At least we know why the Dow tanked last time. $7.9b US is a big bad black hole to fund in anyone's balance sheet.
Far out. Who was teaching liquidity and risk 101 at Merril's a few years back? Must have been the greediest optimist since Allan Bond.
To the wise owl who said 'sell when green, buy when read', you will have your chance tomorrow. Seems to be playing out just like July/August to me. Just this time it was the industrials that set it off. Come January, who will it be this time or will disaster be averted? Oh well there will probably be a relief rally before the next skeleton falls a clattering from amongst the armani suits in the Wall Street cupboard. Maybe Stan O'Neal started the bush fires in California to destroy some housing stock and stimulate the housing market. That, or a rate rise, or a war. What a f**king joke the land of the currency printing press has become.
PS: I was an optimist in August. But $8b in one hit for ML with $Xb to come will make the next 6 to 12 mths interesting indeed. At a market cap of $58b, that is 10% of the company that has just evaporated as fast as the money was printed. Staggering really.
'SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are likely to see active trading during Wednesday's session are Boeing, Symantec, Merrill Lynch and Genzyme.
Boeing is forecast to report third-quarter earnings of $1.24 a share, according to analysts surveyed by Thomson Financial.
Symantec Corp. is expected to report earnings of 26 cents a share in the fiscal second quarter.
Merrill Lynch Co. is projected to post net loss of 45 cents a share in the third quarter.
Genzyme Corp. is expected to post third-quarter earnings of 87 cents a share.
Anheuser Busch Cos. is forecast to report earnings of 93 cents a share in the third quarter.
Kellogg Co. is estimated to report third-quarter earnings of 73 cents a share.
General Dynamics Corp. is projected to post earnings of $1.25 in the third quarter.
Allegheny Technologies Inc. is forecast to post earnings of $1.86 in the third quarter.
Ryder System Inc. is expected to report third-quarter earnings of $1.13 a share.
Boston Properties Inc. is projected to report earnings of 67 cents a share in the third quarter.
Moody's Corp. is estimated to post earnings of 55 cents a share in the third quarter.
Coca-Cola Enterprises Inc. is expected to report third-quarter earnings of 44 cents a share.
Fidelity National Information Services Inc. is expected to report third-quarter earnings of 64 cents a share.
Ameriprise Financial Inc. is forecast to post earnings of 99 cents a share in the third quarter.
Corning Inc.is estimated to post earnings of 37 cents a share in the third quarter.
Occidental Petroleum Corp. is projected to report third-quarter earnings of $1.31 a share.
Wm. Wrigley Jr. Co.'s is forecast to report third-quarter earnings of 60 cents a share.
ConocoPhillips is expected to report earnings of $2.17 a share in the third quarter.
Monster Worldwide Inc. is estimated to post 33 cents a share in third-quarter earnings.'
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Re: What happened today
Unlike what the financial press implies, there's not always a reason for everything.
Unlike what the financial press implies, there's not always a reason for everything.
