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Market Outlook - Short Term
Tracked by: 0 Boarder
Market will be slowly stabilising though not in a bullish mode. One can invest in small lots and book profit as and when noticed. But market is not out of bearish mode. Traders can invest now in active stocks. But investors still have time to wait till rest of the day of the week. ...
In reply to:
Expert strategies to adopt in volatile mkts
Posted by :
MMB Messenger
It was an extremely volatile outing for the markets. Sajiv Dhawan, JV Capital Services feels that we are in a very unique situation. “Based on valuations and the current economy, I would stick my neck out and say I would buy the index." 
Tracked by: 0 Boarder
Pensions lose $2 trillion
Congressional budget analyst says many workers may need to delay retirement
WASHINGTON (AP) -- Americans` retirement plans have lost as much as $2 trillion in the past 15 months, Congress` top budget analyst estimated Tuesday....
In reply to:
The End of Wall Street
Posted by : sambala
A 5-year low
U.S. stocks clobbered for 2nd straight day, with Dow losing 500 points, as investor gloom persists.
NEW YORK -- Wall Street`s drubbing continued Tuesday, with a 500-point loss bringing the Dow`s two-day scalding to nearly 900 points, as the Federal Reserve`s plan to loosen credit markets failed to counter investor pessimism about the government`s ability to rescue the markets.
Fed Chairman Ben Bernanke`s dour economic outlook in an afternoon speech added to the day`s weakness. And a report showed consumer borrowing in August fell for the first time since January 1998.
According to early tallies, the Dow Jones industrial average (INDU) lost 508 points or 5.1%, closing at lowest point since Sept. 30, 2003.
The Standard & Poor`s 500 (SPX) index fell 5.7% and closed below 1,000 for the first time since Aug. 27, 2003. The Nasdaq composite (COMP) lost 5.8% and ended at its lowest point since Aug. 18, 2003.
"There is this feeling that no matter what is done, it won`t be enough, " said Darin Pope, chief investment officer at United Advisors of Secaucus, N.J.
Credit markets remained tight Tuesday, but showed some improvement from the previous day. Treasury prices inched lower, with the yields modestly higher. The dollar slumped versus other major currencies. Oil and gold prices gained.
Tracked by: 0 Boarder
A 5-year low
U.S. stocks clobbered for 2nd straight day, with Dow losing 500 points, as investor gloom persists.
NEW YORK -- Wall Street`s drubbing continued Tuesday, with a 500-point loss bringing the Dow`s two-day scalding to nearly 900 points, as the Federal Reserve`s plan to loosen credit markets failed to counter investor pessimism about the government`s ability to rescue the markets.
Fed Chairman Ben Bernanke`s dour economic outlook in an afternoon speech added to the day`s weakness. And a report showed consumer borrowing in August fell for the first time since January 1998.
According to early tallies, the Dow Jones industrial average (INDU) lost 508 points or 5.1%, closing at lowest point since Sept. 30, 2003.
The Standard & Poor`s 500 (SPX) index fell 5.7% and closed below 1,000 for the first time since Aug. 27, 2003. The Nasdaq composite (COMP) lost 5.8% and ended at its lowest point since Aug. 18, 2003.
"There is this feeling that no matter what is done, it won`t be enough, " said Darin Pope, chief investment officer at United Advisors of Secaucus, N.J.
Credit markets remained tight Tuesday, but showed some improvement from the previous day. Treasury prices inched lower, with the yields modestly higher. The dollar slumped versus other major currencies. Oil and gold prices gained.
...
In reply to:
The End of Wall Street
Posted by : sambala
"It was a financial disaster for that client," said Mr. Hester. "I think there`s a lot of that going on."
Crude oil rebounded after hitting an eight-month low on Monday. Futures were finished $2.25 higher, up 3%, at $90.06 a barrel in New York.
Gold, which tends tends to benefit when investors are looking for safe havens, posted a solid gain. Futures climbed $15.70, or 1.8%, to $878.40 per ounce in New York. The dollar weakened against the euro, yen, and British pound. The U.S. Dollar Index, which measures the currency`s value against a basket of six foreign denominations, was down 0.8%
Tracked by: 0 Boarder
"It was a financial disaster for that client," said Mr. Hester. "I think there`s a lot of that going on."
Crude oil rebounded after hitting an eight-month low on Monday. Futures were finished $2.25 higher, up 3%, at $90.06 a barrel in New York.
Gold, which tends tends to benefit when investors are looking for safe havens, posted a solid gain. Futures climbed $15.70, or 1.8%, to $878.40 per ounce in New York. The dollar weakened against the euro, yen, and British pound. The U.S. Dollar Index, which measures the currency`s value against a basket of six foreign denominations, was down 0.8%
...
In reply to:
The End of Wall Street
Posted by : sambala
Frightened investors took no comfort in regulators` continued efforts to stanch the credit crisis and sent stocks to more steep losses, led by the financial sector.
The Dow Jones Industrial Average rose nearly 170 points at its morning high but slumped to finish lower for a fifth consecutive day, with the selling gaining momentum as the closing bell approached.
The Dow finished near its daily low, off 508.39 points, down 5.1%, at 9447.11. It was led down by a 26.2% plunge in shares of component Bank of America, which is cutting its dividend and seeking $10 billion in capital. J.P. Morgan Chase and Citigroup also saw declines of more than 10% each. The Dow has plummeted more than 1400 points, or 13%, during its five-day losing streak.
Other stock measures tumbled. The S&P 500 dropped 5.7% to 996.24. All its sectors declineed, led by a 10.1% drop in financials. The technology-focused Nasdaq Composite Index lost 5.8% to end at 1754.88. The small-stock Russell 2000 tumbled 6.2% to 558.96.
Stocks began to turn sharply lower as chatter spread around trading floors that Mitsubishi-UFJ could abandon its agreement to take a stake in Morgan Stanley. The buzz sent Morgan shares sliding roughly 30% and helped cause a broader rush out of stocks. Morgan Stanley later issued a statement saying that the deal remained on track, helping stanch the selloff, but its shares still ended down 24.9%. Rivals like Merrill Lynch and Barclays also cratered, falling 25.6% and 22.7%, respectively.
Peter Boockvar, equity strategist at Miller Tabak, said the "noise" surrounding Morgan Stanley had put the entire market on edge. "Everybody`s nerves are completely fried," he said "On the slightest chance of a reversal, everyone runs for the doors."
The selloff came even as regulators around the world took more steps to try and ease the credit crisis. The Federal Reserve said that it would attempt to unfreeze the commercial-paper market by setting up a vehicle to buy corporate debt. In an afternoon speech, Fed Chairman Ben Bernanke hinted that policy makers would soon cut interest rates. And British regulators were said to be close to finalizing details on a bailout for U.K. banks.
But credit markets still appeared strained. Interbank lending rates continued to tighten, signaling continued nervousness. The London Interbank Offered Rate, or Libor, for overnight dollar loans rose to 3.94% from 2.25%. Three-month dollar libor rose to 4.32%, near a nine-month high.
Adding to the feeling of uncertainty around the markets, earnings season began after the closing bell when Alcoa reported third quarter results. The aluminum giant said its net fell 52% amid rising costs and weaker demand. Alcoa shares declined 7.7% during regular trading hours.
A series of grim earnings reports from major companies could further darken the market`s already bleak mood. According to Thomson Reuters, which tracks Wall Street`s earnings expectations, the consensus is that aggregate profits at S&P 500 companies will show a 5.&% drop for the third quarter, led by a 71.8% plunge in the financial sector`s earnings.
"I don`t know how John Q. Public is going to react when all these companies announce bad earnings and, to top it off, tell us that things aren`t going to get better anytime soon," said trader Mike Mainwald, of Lek Securities in New York.
Veteran traders and money managers said that each day`s market drop during the recent losing streak has lead to more selling as investors receive margin calls and hedge funds get redemption orders from their clients. In turn, those players unwind profitable stock to raise cash.
Craig Hester, chief executive of portfolio-management firm Hester Capital Management in Austin, Texas, said that he recently had to liquidate a portfolio worth over $1 million for an investor who had gotten a margin call for losses in an account he had with another firm.
Cont.....
Tracked by: 0 Boarder
Frightened investors took no comfort in regulators` continued efforts to stanch the credit crisis and sent stocks to more steep losses, led by the financial sector.
The Dow Jones Industrial Average rose nearly 170 points at its morning high but slumped to finish lower for a fifth consecutive day, with the selling gaining momentum as the closing bell approached.
The Dow finished near its daily low, off 508.39 points, down 5.1%, at 9447.11. It was led down by a 26.2% plunge in shares of component Bank of America, which is cutting its dividend and seeking $10 billion in capital. J.P. Morgan Chase and Citigroup also saw declines of more than 10% each. The Dow has plummeted more than 1400 points, or 13%, during its five-day losing streak.
Other stock measures tumbled. The S&P 500 dropped 5.7% to 996.24. All its sectors declineed, led by a 10.1% drop in financials. The technology-focused Nasdaq Composite Index lost 5.8% to end at 1754.88. The small-stock Russell 2000 tumbled 6.2% to 558.96.
Stocks began to turn sharply lower as chatter spread around trading floors that Mitsubishi-UFJ could abandon its agreement to take a stake in Morgan Stanley. The buzz sent Morgan shares sliding roughly 30% and helped cause a broader rush out of stocks. Morgan Stanley later issued a statement saying that the deal remained on track, helping stanch the selloff, but its shares still ended down 24.9%. Rivals like Merrill Lynch and Barclays also cratered, falling 25.6% and 22.7%, respectively.
Peter Boockvar, equity strategist at Miller Tabak, said the "noise" surrounding Morgan Stanley had put the entire market on edge. "Everybody`s nerves are completely fried," he said "On the slightest chance of a reversal, everyone runs for the doors."
The selloff came even as regulators around the world took more steps to try and ease the credit crisis. The Federal Reserve said that it would attempt to unfreeze the commercial-paper market by setting up a vehicle to buy corporate debt. In an afternoon speech, Fed Chairman Ben Bernanke hinted that policy makers would soon cut interest rates. And British regulators were said to be close to finalizing details on a bailout for U.K. banks.
But credit markets still appeared strained. Interbank lending rates continued to tighten, signaling continued nervousness. The London Interbank Offered Rate, or Libor, for overnight dollar loans rose to 3.94% from 2.25%. Three-month dollar libor rose to 4.32%, near a nine-month high.
Adding to the feeling of uncertainty around the markets, earnings season began after the closing bell when Alcoa reported third quarter results. The aluminum giant said its net fell 52% amid rising costs and weaker demand. Alcoa shares declined 7.7% during regular trading hours.
A series of grim earnings reports from major companies could further darken the market`s already bleak mood. According to Thomson Reuters, which tracks Wall Street`s earnings expectations, the consensus is that aggregate profits at S&P 500 companies will show a 5.&% drop for the third quarter, led by a 71.8% plunge in the financial sector`s earnings.
"I don`t know how John Q. Public is going to react when all these companies announce bad earnings and, to top it off, tell us that things aren`t going to get better anytime soon," said trader Mike Mainwald, of Lek Securities in New York.
Veteran traders and money managers said that each day`s market drop during the recent losing streak has lead to more selling as investors receive margin calls and hedge funds get redemption orders from their clients. In turn, those players unwind profitable stock to raise cash.
Craig Hester, chief executive of portfolio-management firm Hester Capital Management in Austin, Texas, said that he recently had to liquidate a portfolio worth over $1 million for an investor who had gotten a margin call for losses in an account he had with another firm.
Cont.....
...
In reply to:
The End of Wall Street
Posted by : sambala
MORGAN STANLEY SHARES PLUMMET; DOUBTS OVER MITSUBISHI DEAL CITED
Tracked by: 1 Boarder
Hello Mr.V.Krishnamoorthy,
1st of all Thanx alot to provide us good info related US Econo. n the Big Banks Fall, I juzz thinking is this the end of World Leader Us? at current situation, how much worlds money they r carrying?? is till there elections finish n wats the surety new Govt would solve all Economical Issues heading up?? Hence we r watching, before pass out Bail out package Dow was recovering, or can say trying to recover, but the most impo thing have u seen, after pass out this package Dow n NASDAQ r juzz running back, fast, Y?? What does it mean?? Is Govt approved the Economic Fall of United Stets Of America, isn`t any false or artificially created thing, its really happening here, so Dear investors of The Great US u can run away frm markets...!! Have u seen the everyday falls above 300 points of Dow??
N most impo thing is here Y This Is Happening with US?? Some major reasons r (all r as my study, kindly note it),
US`s Major Profit making Weapon Shopping Center is not getting customers??
Y no Customers?? Coz Citizens r panic,At WTC there was almost everyone`s someone was got killed (based on Population Density of US) they dont want mess with Fool n Unliterate ppl belongs to Africa, especially Arabian n Muslim countries, so they r apposing Govt to shut their Business, which is becoming fetal for them? So science 9/11`s matter Govt is become helpless (N finely they loosed their seats.) Now Govt must thinking how to run all Weapons R&D, N what abt the huge investments did before on Big projects?? Who has invested in these Weapon Manufacturing Units?? Obviously Local Big Banks n Govt is the Guarantor, So paying money them back.
US Citizen is not willing to pay Taxes?? No they will pay happily, but if Govt will not make new enemies,
N wats the Employment data shows?? The figure`s r increasing?? Y if the young generation is not willing to do any kind of work, they only wants to enjoy how it`ll decrease??
Worldwide everything was fine, everyone is doing his work (Everyone was getting work) who wants to get frustrate n wants to buy weapons??
So there is nothing happened in world, there is no major earthquake, no tsunami, no world war, what does it shows, when all world is running well US falls??
Sir, I`m not good in economics but Do u really think, after elections of US the situation will be fine?? N how much every Investor (expect US) should beleve on US n wait for there repairing work?? Other strong countries couldn`t take chance to be Leader?? We r not that willing n attitude, do u think China wont use this chance to chase others?
Pls reply some of answers
Regards
Prashant...
In reply to:
No one is too big not to fall
Posted by : Leave it.
Did Bank of punjab, Lord krishna bank, Global trust bank etc said anything in advance to the depositors that they are being compelled to merge with some other bank? The collapse of the financial banks and NBFCs are as old as mankind. At the present rate of subsidies and Unaccountable money advanced to our MLAS and MPS for the "improvement of their constituency`, are taken into account, slowly all the PSU banks will become near bankrupt. I happened to hear this message as a `daylaight robbery` in an interview a wekly magazine had with a political leader. Till date the statement is not chalenged by the Govt. What does it mean.? astep towards declaring `morotorium`.
that is why I suggested to our friends to give letters to their bankers for enhancing the limit of insurance cover for deposits. Some are telling, `they are PSU banks and hence need not`. Then Why should they have a insuce. cover for one lac?
We are cheating ourself.
v.krishnamoorthy
Tracked by: 109 Boarders
Thank you very much for your kind feeling for desperate boarders and incouraging them. Cheers......
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : googol
0708
Dear vkk ji,
I think you have not got my message right.I did not say that senior boarders should say good about market.I said senior boarders cheer up those who have incurred huge losses and are in the verge of a breakdown.Yesterday I recd two messages and both disturbed me .I have some knowledge of reading the mind by reading the message and the first message was written in total anguish and desperation which is a dangerous sign.I thought apart from my replying,if others also write,it would help that boarder to get some peace of mind.Thats all.Hope I have made myself clear now.
Regards,
Tracked by: 109 Boarders
Thanks for your best wishes....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : vam_aru
Oh ok..I thought it in different way, anyway if your waiting horizon it will all get recovered...Best of luck...
Tracked by: 0 Boarder
MORGAN STANLEY SHARES PLUMMET; DOUBTS OVER MITSUBISHI DEAL CITED ...
In reply to:
The End of Wall Street
Posted by : sambala
MADRID (Dow Jones)--Spanish Prime Minister Jose Luis Rodriguez Zapatero said Tuesday that his government will create a new EUR30 billion fund to support bank lending and attempt to offset the country`s credit crunch.
"All European countries are impacted by the poor functioning of interbank and credit markets, which cause funding difficulties for banks and significant credit restrictions," Zapatero said at a meeting with journalists.
It will definitely see it. lol..no doubt...Will I be there to see it...lol......
In reply to:
WILL NIFTY HIT 5500 & SENSEX SEE 18000
Posted by :
inves_t_rader
To my dear friend Karthik,
Here`s your request, instead of asking,i thought its better to start the new thread now itself...(with lots of optimisim :) LOL)
Regards :)
Tracked by: 0 Boarder
MADRID (Dow Jones)--Spanish Prime Minister Jose Luis Rodriguez Zapatero said Tuesday that his government will create a new EUR30 billion fund to support bank lending and attempt to offset the country`s credit crunch.
"All European countries are impacted by the poor functioning of interbank and credit markets, which cause funding difficulties for banks and significant credit restrictions," Zapatero said at a meeting with journalists.
...
In reply to:
The End of Wall Street
Posted by : sambala
Worse Than `87 Crash: Current Crisis Hitting Main Street Hard
by Aaron Task in Investing, Banking
The current turmoil in the financial markets is "far worse" than the 1987 crash, the 1998 Long-Term Capital Management crisis, or the bursting of the tech bubble, says Jeff Matthews of Ram Partners.
Those past episodes, while painful, were mainly Wall Street events, says the veteran hedge fund manager, blogger, and author. But the current cycle is very much a Main Street phenomenon that is hitting "real economy" companies and employees alike, as Matthews recounts with a variety of anecdotes:
Altria having to delay its acquisition of UST because of a lack of funding.
SAP`s warning of a "sudden drop" in orders.
Bank of America slashing its dividend and reporting a 68% year-over-year drop in earnings.
A car dealer whose sales fell 50% in September, even as gas prices declined.
A corporate CFO being unable to get a credit card.
While Matthews sees opportunities in selected stocks (he declined to name names), he fears third-quarter earning are going to be "awful." The resulting lowering of still-too-rosy profit forecasts for the fourth-quarter and 2009 is going to provide a ready excuse for another round of selling.
Tracked by: 0 Boarder
Worse Than `87 Crash: Current Crisis Hitting Main Street Hard
by Aaron Task in Investing, Banking
The current turmoil in the financial markets is "far worse" than the 1987 crash, the 1998 Long-Term Capital Management crisis, or the bursting of the tech bubble, says Jeff Matthews of Ram Partners.
Those past episodes, while painful, were mainly Wall Street events, says the veteran hedge fund manager, blogger, and author. But the current cycle is very much a Main Street phenomenon that is hitting "real economy" companies and employees alike, as Matthews recounts with a variety of anecdotes:
Altria having to delay its acquisition of UST because of a lack of funding.
SAP`s warning of a "sudden drop" in orders.
Bank of America slashing its dividend and reporting a 68% year-over-year drop in earnings.
A car dealer whose sales fell 50% in September, even as gas prices declined.
A corporate CFO being unable to get a credit card.
While Matthews sees opportunities in selected stocks (he declined to name names), he fears third-quarter earning are going to be "awful." The resulting lowering of still-too-rosy profit forecasts for the fourth-quarter and 2009 is going to provide a ready excuse for another round of selling.
...
In reply to:
The End of Wall Street
Posted by : sambala
Russia lends banks $37bn to stem crisis
By Catherine Belton in Moscow
Russia said on Tuesday it would pump $37bn in long-term subordinated loans into state-controlled banks in a new measure to fight off a deepening financial crisis that has seen the steepest losses ever on the Russian stock exchange.
Dmitry Medvedev, the Russian president, announced the measure to pump five-year loans via the two biggest state banks, VTB and Sberbank, after an emergency meeting with the heads of the biggest state banks to discuss what he called “a large scale financial crisis”.
Tracked by: 6 Boarders
Anna,
What is this duplicate ID trip I do not understand.First J and third K do not indulge in derating gimmicks.Anyway we as journeymen have to put up with these things.
This is a dead Board and content is falling like the Market.If you recall my post "The Last Stand" I had sounded a clear warning,based on Technicals.There is really nobody to appreciate the good calls or seperate Wheat from chaff.Sad state indeed.
Intraday volatility is gut wrenching.When I can get whipsawed I wonder what is happening to an average Trader.This Bear Market has the potential to bankrupt many.
Hope God is kind!
Goldchest. ...
In reply to:
SENSEX to rally by 2400 pts in 7 days
Posted by :
Observr
Dear Goldchest
An id of the great person KaliD ji= amarasgaonkar
Now this is the third group formed(on this forum) on the anvil of multiple ids by one person viz.:
First: J
Second: K
And now third another K
Keep it up
- Keen Observer...
Tracked by: 0 Boarder
Russia lends banks $37bn to stem crisis
By Catherine Belton in Moscow
Russia said on Tuesday it would pump $37bn in long-term subordinated loans into state-controlled banks in a new measure to fight off a deepening financial crisis that has seen the steepest losses ever on the Russian stock exchange.
Dmitry Medvedev, the Russian president, announced the measure to pump five-year loans via the two biggest state banks, VTB and Sberbank, after an emergency meeting with the heads of the biggest state banks to discuss what he called “a large scale financial crisis”.
...
In reply to:
The End of Wall Street
Posted by : sambala
Dow slides further, down 320 points, after Fed chair Bernanke talks of efforts to fight economic problem of `historic dimensions.`
Tracked by: 109 Boarders
Hedge funds are so highly leveraged, they have to book losses. There is no other option for them....
In reply to:
WILL NIFTY HIT 3600 & SENSEX TOUCH 12000
Posted by : novice1000
dear BSR,
Most of the FIIs havent made any money in Indian markets except those who entered some 4 or 5 years back.
One should keep in mind that, many hedge funds who entered in the last fiscal might have lost more money than the retail lot. In fact retail investors are sitting on notional losses where as many FIIs have realized the losses by selling stocks at very low levels compared to their buying price.
regards
