Time really fly .... today was the last day of year 2011, it seems like just yesterday i celebrate the New Year of 2011 and its ends today already !!!
What I had been accomplish this year and what are the achievement out of my resolution list this year 2011 ? ... well...before i share it lets us have the cherish moment with this lovely creation celebration ... lets welcome Year 2012 ... Cheers reader, friends, loves one & relatives .... stay tune ...hehe
Saturday, December 31, 2011
After many ups and downs, DOW stocks end flat for 2011
"If you fell asleep January 1 and woke up today, you'd think nothing had happened," says Jack Ablin, chief investment officer of Harris Private Bank. "But it's been up and down all year. It's been crazy."
In the final tally, despite big climbs and falls, unexpected blows and surprising triumphs, all the hullabaloo proved for naught. On Friday, the Standard & Poor's 500 index closed at 1,257.60. That's exactly 0.04 point below where it started the year.
The S&P 500 is trading at 12 times its expected earnings per share for 2012 versus a more typical 15 times. In other words, they appear cheaper now. Partly based on that many strategists, stock analysts and economists expect the index to end next year at 1,400 or more, up 10 percent or so.
The Standard & Poor's 500 index rose 5.42 points, or 0.4 percent on Friday. The Dow Jones industrial average lost 69.48 points, or 0.6 percent, to 12,217.60. The Nasdaq composite index fell 8.59 points, or 0.3 percent, to 2,605.
15 The Nasdaq is down 1.8 percent for the year.
It was a year when U.S. companies were supposed to run out of ways to make big profits. But they didn't, and in fact generated more than ever. It was a year when the U.S. lost its prized triple-A credit rating, which should have spooked buyers of its bonds. Instead investors bought more of them and made Treasurys one of the best bets of 2011. It was a year when stocks caught fire, then collapsed to near bear-market lows.
Among stocks, there were some surprising winners. Scaredy-cat investors who bought the most conservative and dullest of stocks — utilities — gained 15 percent this year, the biggest price rise of the ten industry sectors in the S&P 500. Other winning groups were consumer staples, up 11 percent, and health care companies, 10 percent.
Other market curiosities:
— Bad year, great quarter. Despite disappointing returns in 2011, the last three months of the year were impressive, which could bode well for the new year. The S&P 500 rose 11 percent. The Dow Jones industrial average, comprising 30 big stocks, climbed 1,344 points, or 12 percent. That was the largest quarterly point gain in its history. The Dow closed up 5.5 percent for the year.
— Best of the bad. U.S. stocks delivered little this year, but other markets did even worse, including ones in fast-growing economies. Brazil's Bovespa index fell 18 percent in 2011. Hong Kong's Hang Seng dropped 20 percent. In Europe, many of the biggest markets ended down in 2011. Britain's FTSE 100 lost 5.6 percent, Germany's DAX 14.7 percent.
— Buy American is back. A broad index of the Treasury market gained 9.6 percent, despite the fact that the U.S. government is now slightly less likely to repay its debt, at least according to Standard & Poor's. In August, the rating agency stripped the U.S. of its triple-A rating, citing mounting U.S. debt and political squabbling over what to do about it.
For stock investors, 2011 wasn't supposed to end this way.
At the start of the year, the Great Recession was officially 1½ years behind us and the recovery was finally gaining momentum. The economy added an average of more than 200,000 jobs a month in February, March and April. And U.S. companies kept reporting big jumps in profits, defying naysayers.
The stock market roared in approval. On April 29, the S&P closed at 1,363, double its recessionary low of March 2009.
Then manufacturing slowed, companies stopped hiring and consumer confidence plummeted, taking with it those hopes of big stock gains for the year. Adding to the misery, Japan was rocked by an earthquake and tsunami. That shut down factories run by crucial parts suppliers to U.S. firms, in particular auto makers.
Gridlock in Washington didn't help. After much squabbling, politicians eventually decided to raise the cap on how much the federal government can borrow in early August. But the heated debate took its toll. The Dow Jones industrial average swung more than 400 points four days in a row — down and up and down and up.
Overhanging it all was fear that the debt crisis in Greece had spread to Italy and Spain, countries too large for other European nations to bail out.
Talk of another blockbuster year for stocks turned to dark musings about the possibility of another U.S. recession. And so stocks kept falling. On Oct. 3, stocks had dropped 19 percent from their April high. That was just one point short of an official bear market.
Since then, U.S. housing starts have increased, factories are producing more, unemployment claims fell and U.S. economic growth rose. And companies are still generating impressive profits. Those in the S&P 500 have increased profits by double-digits percentages for nine quarters in a row.
The good news pushed stocks up in the closing months of the year.
The biggest winner in the Dow was McDonald's Corp, up 31 percent for the year. Bank of America Corp. was the worst performing stock, down 58 percent.
Including dividends, the S&P 500 returned 2.11 percent for 2011. That means investors lost money after inflation, which was running at 3.4 percent in the 12 months ending in November. At least they're getting more than investors in the benchmark 10-year Treasury note, which currently pays a yield of just 1.88 percent.
The outlook for stocks in the new year is either great or grim, depending on your focus.
Italy has to repay holders of $172 billion worth of it national bonds in the first three months of 2012. It will do so by selling new bonds. The question is how much interest they will demand to be paid to compensate for the risk they're taking on. If they demand too much, fear could spread that the country will default. That could sink stocks.
After Italy was forced to pay unexpectedly high rates in a bond auction earlier this month, stocks fell hard around the world.
There are also questions about whether China's economy is slowing too much and whether the U.S. politicians will agree to raise the debt ceiling again in 2012 or extend Bush-era tax cuts.
On the bright side, stocks seem to be well-priced.
The S&P 500 is trading at 12 times its expected earnings per share for 2012 versus a more typical 15 times. In other words, they appear cheaper now. Partly based on that many strategists, stock analysts and economists expect the index to end next year at 1,400 or more, up 10 percent or so.
Trading has been quiet this week with many investors away on vacation. Volume on the New York Stock Exchange has been about half of its daily average. Markets will be closed Monday in observance of New Year's Day.
By Bernard Condon, AP Business Writer | AP – 1 hour 49 minutes ago
..
http://finance.yahoo.com/news/many-ups-downs-stocks-end-222124730.html
In the final tally, despite big climbs and falls, unexpected blows and surprising triumphs, all the hullabaloo proved for naught. On Friday, the Standard & Poor's 500 index closed at 1,257.60. That's exactly 0.04 point below where it started the year.
The S&P 500 is trading at 12 times its expected earnings per share for 2012 versus a more typical 15 times. In other words, they appear cheaper now. Partly based on that many strategists, stock analysts and economists expect the index to end next year at 1,400 or more, up 10 percent or so.
The Standard & Poor's 500 index rose 5.42 points, or 0.4 percent on Friday. The Dow Jones industrial average lost 69.48 points, or 0.6 percent, to 12,217.60. The Nasdaq composite index fell 8.59 points, or 0.3 percent, to 2,605.
15 The Nasdaq is down 1.8 percent for the year.
It was a year when U.S. companies were supposed to run out of ways to make big profits. But they didn't, and in fact generated more than ever. It was a year when the U.S. lost its prized triple-A credit rating, which should have spooked buyers of its bonds. Instead investors bought more of them and made Treasurys one of the best bets of 2011. It was a year when stocks caught fire, then collapsed to near bear-market lows.
Among stocks, there were some surprising winners. Scaredy-cat investors who bought the most conservative and dullest of stocks — utilities — gained 15 percent this year, the biggest price rise of the ten industry sectors in the S&P 500. Other winning groups were consumer staples, up 11 percent, and health care companies, 10 percent.
Other market curiosities:
— Bad year, great quarter. Despite disappointing returns in 2011, the last three months of the year were impressive, which could bode well for the new year. The S&P 500 rose 11 percent. The Dow Jones industrial average, comprising 30 big stocks, climbed 1,344 points, or 12 percent. That was the largest quarterly point gain in its history. The Dow closed up 5.5 percent for the year.
— Best of the bad. U.S. stocks delivered little this year, but other markets did even worse, including ones in fast-growing economies. Brazil's Bovespa index fell 18 percent in 2011. Hong Kong's Hang Seng dropped 20 percent. In Europe, many of the biggest markets ended down in 2011. Britain's FTSE 100 lost 5.6 percent, Germany's DAX 14.7 percent.
— Buy American is back. A broad index of the Treasury market gained 9.6 percent, despite the fact that the U.S. government is now slightly less likely to repay its debt, at least according to Standard & Poor's. In August, the rating agency stripped the U.S. of its triple-A rating, citing mounting U.S. debt and political squabbling over what to do about it.
For stock investors, 2011 wasn't supposed to end this way.
At the start of the year, the Great Recession was officially 1½ years behind us and the recovery was finally gaining momentum. The economy added an average of more than 200,000 jobs a month in February, March and April. And U.S. companies kept reporting big jumps in profits, defying naysayers.
The stock market roared in approval. On April 29, the S&P closed at 1,363, double its recessionary low of March 2009.
Then manufacturing slowed, companies stopped hiring and consumer confidence plummeted, taking with it those hopes of big stock gains for the year. Adding to the misery, Japan was rocked by an earthquake and tsunami. That shut down factories run by crucial parts suppliers to U.S. firms, in particular auto makers.
Gridlock in Washington didn't help. After much squabbling, politicians eventually decided to raise the cap on how much the federal government can borrow in early August. But the heated debate took its toll. The Dow Jones industrial average swung more than 400 points four days in a row — down and up and down and up.
Overhanging it all was fear that the debt crisis in Greece had spread to Italy and Spain, countries too large for other European nations to bail out.
Talk of another blockbuster year for stocks turned to dark musings about the possibility of another U.S. recession. And so stocks kept falling. On Oct. 3, stocks had dropped 19 percent from their April high. That was just one point short of an official bear market.
Since then, U.S. housing starts have increased, factories are producing more, unemployment claims fell and U.S. economic growth rose. And companies are still generating impressive profits. Those in the S&P 500 have increased profits by double-digits percentages for nine quarters in a row.
The good news pushed stocks up in the closing months of the year.
The biggest winner in the Dow was McDonald's Corp, up 31 percent for the year. Bank of America Corp. was the worst performing stock, down 58 percent.
Including dividends, the S&P 500 returned 2.11 percent for 2011. That means investors lost money after inflation, which was running at 3.4 percent in the 12 months ending in November. At least they're getting more than investors in the benchmark 10-year Treasury note, which currently pays a yield of just 1.88 percent.
The outlook for stocks in the new year is either great or grim, depending on your focus.
Italy has to repay holders of $172 billion worth of it national bonds in the first three months of 2012. It will do so by selling new bonds. The question is how much interest they will demand to be paid to compensate for the risk they're taking on. If they demand too much, fear could spread that the country will default. That could sink stocks.
After Italy was forced to pay unexpectedly high rates in a bond auction earlier this month, stocks fell hard around the world.
There are also questions about whether China's economy is slowing too much and whether the U.S. politicians will agree to raise the debt ceiling again in 2012 or extend Bush-era tax cuts.
On the bright side, stocks seem to be well-priced.
The S&P 500 is trading at 12 times its expected earnings per share for 2012 versus a more typical 15 times. In other words, they appear cheaper now. Partly based on that many strategists, stock analysts and economists expect the index to end next year at 1,400 or more, up 10 percent or so.
Trading has been quiet this week with many investors away on vacation. Volume on the New York Stock Exchange has been about half of its daily average. Markets will be closed Monday in observance of New Year's Day.
By Bernard Condon, AP Business Writer | AP – 1 hour 49 minutes ago
..
http://finance.yahoo.com/news/many-ups-downs-stocks-end-222124730.html
Performance on the final trading day of the year 2011
Stock markets around the world were seeing out 30 DEC 2011 fairly positively Friday ...
HSI CLOSED AT 18,434.39 +36.47 (+0.20%)
SGX CLOSED AT 2,646.35 -26.43 (-0.99%)
NIKKEI CLOSED AT 8,455.35 +56.46 (+0.67%)
FBMKLCI CLOSED AT 1,530.73 +24.04 (+1.6%)
SO ... WILL DOW CLOSED AT POSITIVE OR ... ?
LETS WAIT AND SEE ...
HSI CLOSED AT 18,434.39 +36.47 (+0.20%)
SGX CLOSED AT 2,646.35 -26.43 (-0.99%)
NIKKEI CLOSED AT 8,455.35 +56.46 (+0.67%)
FBMKLCI CLOSED AT 1,530.73 +24.04 (+1.6%)
SO ... WILL DOW CLOSED AT POSITIVE OR ... ?
LETS WAIT AND SEE ...
Monday, December 26, 2011
Oooops ..... Just Laugh !!!
A little message from the universe ... One of the best ways to release our stress, overcome feelings and just to prolong happiness is to laugh it out ! I have a lama and i know that he is very since, however, whenever we are serious or in stress and upset, he always laughs and that really changes the whole atmosphere for better ! For instance, if your soup is too hot, we can just blow on the soup and it does make cooler, similarly, when we are angry or upset mundane way to overcome is to watch funny video or laugh it out. After all, we don't have to pay anything and why not ! Now, let us just say hahahaha even hehehe are also Welcome ! With Love ...
Thursday, December 22, 2011
Tuesday, December 13, 2011
A Story Begin With A Christmas Greetings Card And Snowflake ...
Thanks nmp for the nice creating of this nice greetings card and i hope you won mind that i share it with the universe and for my keeping in my blog ..hehe
The christmas greetings card was so lovely, you can feels the joy ... love...happiness and more, its remind me when i was a little girl before i go to primary school, i stay with my parent at far far inside the plantation ... haha..you must be wondering why ? Hmmm... my dad was a chef for the English family and my mom was the assisstant to my dad, the English boss was manage the big plantation and they have a big bangalow house with big land and planted all the coffee bean trees, lemon tree and many types of flower which have a gardener to takecare of it. The English family will organise the Christmas party everyyear at their compound and I will received many christmas present, enjoy the nice food, ice-cream and nice chocolate, the decoration of the christmas tree was lovely ...with all the little toy, lights and greetings card hanging on the christmas tree, the presents will sit beside the christmas tree....ya ..it was exactly the same which show on the Christmas greetings card !
The fist time i experience the real snow flake was my trip to Europe during Nov 2005. it was amazing that i can see and feel the real snow flake fall from the sky during end Nov as they say is still early to have snow, i still remember that time we meet with another group of family members which from East Malaysia and we pray that we can see and touch and feel the snowflake as we did not often have a chance to fly to Europe in our lifetime ...wow it was a blessing that the moment we on the way to German (we were inside the bus)...we see snowflake falling from the sky ! We are so excited and screaming ..is snow..is snow, we really can't wait to have a real touch with the snowflake ...we were stop at one of the German restaurant and they serve their famous German lambshange and their famous black forest cake (hey..with rum taste..yumyum) oh dear..i miss the place, snowflake and food there, we continue to play with the snowflake after the meal and take some nice photo there...indeed, i had a nice venture during this trip and i have a wish i want to stay at Europe for one year so that i can experience the four season of the country there ...yes ..this is one of my dream.
May i take this opportunity to wish all my reader, friend have a lovely Christmas and New Year Celebration and holiday...Cheers...^^
Thursday, December 1, 2011
Stock futures soar after central banks act globally
NEW YORK (Reuters) - Stocks surged on Wednesday after major central banks agreed to make cheaper dollar loans for struggling European banks to prevent the euro-zone debt woes from turning into a full-blown credit crisis.
The Dow posted its best day since March 2009 after the Federal Reserve, the European Central Bank and other major central banks stepped in to head off escalating funding pressures that threaten the key arteries of the world's financial system.
The S&P 500 scored its best daily percentage gain since August.
The central banks' liquidity move touched off a buying frenzy in financial shares. The S&P financial sector index gained 6.6 percent, with Bank of America the most actively traded stock. The stock jumped 7.3 percent to $5.44 on more than 420 million shares traded.
The drama in Europe kept the U.S. stock market on a roller-coaster ride throughout the month. For November, the S&P ended down just 0.5 percent, but the month was marked by sharp daily swings.
"You don't have to fix everything, you have to be on a path towards fixing things," said Tobias Levkovich, chief U.S. equity strategist at Citigroup in New York.
"Markets will reward you for the efforts you are making as long as you are moving in the right direction. It's the carrot and the stick; you get rewarded when you do the right thing, and you get punished when you do the wrong thing."
The Dow Jones industrial average shot up 490.05 points, or 4.24 percent, to end at 12,045.68. The Standard & Poor's 500 Index jumped 51.77 points, or 4.33 percent, to 1,246.96. The Nasdaq Composite Index soared 104.83 points, or 4.17 percent, to close at 2,620.34.
The Dow scored its largest daily gain -- in terms of points and percentage -- since March 23, 2009.
The S&P 500 posted its best daily percentage advance since August 11.
http://finance.yahoo.com/news/stock-futures-signal-losses-focus-094410132.html
The Dow posted its best day since March 2009 after the Federal Reserve, the European Central Bank and other major central banks stepped in to head off escalating funding pressures that threaten the key arteries of the world's financial system.
The S&P 500 scored its best daily percentage gain since August.
The central banks' liquidity move touched off a buying frenzy in financial shares. The S&P financial sector index gained 6.6 percent, with Bank of America the most actively traded stock. The stock jumped 7.3 percent to $5.44 on more than 420 million shares traded.
The drama in Europe kept the U.S. stock market on a roller-coaster ride throughout the month. For November, the S&P ended down just 0.5 percent, but the month was marked by sharp daily swings.
"You don't have to fix everything, you have to be on a path towards fixing things," said Tobias Levkovich, chief U.S. equity strategist at Citigroup in New York.
"Markets will reward you for the efforts you are making as long as you are moving in the right direction. It's the carrot and the stick; you get rewarded when you do the right thing, and you get punished when you do the wrong thing."
The Dow Jones industrial average shot up 490.05 points, or 4.24 percent, to end at 12,045.68. The Standard & Poor's 500 Index jumped 51.77 points, or 4.33 percent, to 1,246.96. The Nasdaq Composite Index soared 104.83 points, or 4.17 percent, to close at 2,620.34.
The Dow scored its largest daily gain -- in terms of points and percentage -- since March 23, 2009.
The S&P 500 posted its best daily percentage advance since August 11.
http://finance.yahoo.com/news/stock-futures-signal-losses-focus-094410132.html
Sunday, November 20, 2011
Thursday, November 17, 2011
Stocks sink after Fitch warns on US bank exposure
NOTE :
HSI DOWN 18,960.90 (-387.54 OR -2%) on 16-11-11
DOW DOWN 11,905.59, (-190.57, or -1.6%)
Stocks take a late slide as a Fitch report on US bank exposure sets off more Europe jitters
NEW YORK (AP) -- A warning from Fitch Ratings that large U.S. banks could be hit hard if Europe's debt crisis spreads sent stocks falling late Wednesday.
U.S. indexes were moving between small gains and losses before Fitch released its report around 3:15 p.m. Eastern time. The Dow was down 36 points with an hour of trading left, then plunged to end the day down 190.
Fitch, one of the three main credit ratings agencies along with S&P and Moody's, said U.S. banks could be "greatly affected" if Europe's debt crisis continues to spread beyond financially troubled countries such as Greece, Ireland and Portugal.
Large banks took a late dive. Bank of America Corp. and JPMorgan Chase & Co. each lost 3.7 percent. Goldman Sachs dropped 4.1 percent and Morgan Stanley 7.9 percent.
"This is a long-running, slow-developing story," said Jack Ablin, chief investment officer at Harris Private Bank in Chicago. U.S. stocks had rallied in the past week as new governments took over in Greece and Italy and promised to implement budget reforms. It's a familiar pattern, Ablin said. "It seems like it's always one step forward and two steps back."
The Dow Jones industrial average closed at 11,905.59, a loss of 190.57, or 1.6 percent. It was the Dow's first close below 12,000 since last Thursday.
The Standard & Poor's 500 index fell 20.89 points, or 1.7 percent, to 1,236.92. The Nasdaq composite lost 46.59, or 1.7 percent, to 2,639.61.
Concerns that the debt troubles of Greece and Italy could spread have been driving the borrowing rates of France higher on bond markets since the beginning of November.
http://finance.yahoo.com/news/stocks-sink-fitch-warns-us-210619571.html
HSI DOWN 18,960.90 (-387.54 OR -2%) on 16-11-11
DOW DOWN 11,905.59, (-190.57, or -1.6%)
Stocks take a late slide as a Fitch report on US bank exposure sets off more Europe jitters
NEW YORK (AP) -- A warning from Fitch Ratings that large U.S. banks could be hit hard if Europe's debt crisis spreads sent stocks falling late Wednesday.
U.S. indexes were moving between small gains and losses before Fitch released its report around 3:15 p.m. Eastern time. The Dow was down 36 points with an hour of trading left, then plunged to end the day down 190.
Fitch, one of the three main credit ratings agencies along with S&P and Moody's, said U.S. banks could be "greatly affected" if Europe's debt crisis continues to spread beyond financially troubled countries such as Greece, Ireland and Portugal.
Large banks took a late dive. Bank of America Corp. and JPMorgan Chase & Co. each lost 3.7 percent. Goldman Sachs dropped 4.1 percent and Morgan Stanley 7.9 percent.
"This is a long-running, slow-developing story," said Jack Ablin, chief investment officer at Harris Private Bank in Chicago. U.S. stocks had rallied in the past week as new governments took over in Greece and Italy and promised to implement budget reforms. It's a familiar pattern, Ablin said. "It seems like it's always one step forward and two steps back."
The Dow Jones industrial average closed at 11,905.59, a loss of 190.57, or 1.6 percent. It was the Dow's first close below 12,000 since last Thursday.
The Standard & Poor's 500 index fell 20.89 points, or 1.7 percent, to 1,236.92. The Nasdaq composite lost 46.59, or 1.7 percent, to 2,639.61.
Concerns that the debt troubles of Greece and Italy could spread have been driving the borrowing rates of France higher on bond markets since the beginning of November.
http://finance.yahoo.com/news/stocks-sink-fitch-warns-us-210619571.html
Wednesday, November 16, 2011
NOTE :
HSI DOWN 19,348.44 (-159.74 OR - 0.82%)on 15-11-11
DOW UP 12,096.16 (+ 17.18 OR + 0.14%)
NEW YORK (AP) -- A day of broad swings in the stock market ended with modest gains Tuesday, as investors balanced an increase in U.S. retail sales with Europe's lingering debt crisis. The Dow Jones industrial average gained 17 points.
http://finance.yahoo.com/news/stocks-edge-higher-retail-gains-220206191.html
HSI DOWN 19,348.44 (-159.74 OR - 0.82%)on 15-11-11
DOW UP 12,096.16 (+ 17.18 OR + 0.14%)
NEW YORK (AP) -- A day of broad swings in the stock market ended with modest gains Tuesday, as investors balanced an increase in U.S. retail sales with Europe's lingering debt crisis. The Dow Jones industrial average gained 17 points.
http://finance.yahoo.com/news/stocks-edge-higher-retail-gains-220206191.html
Tuesday, November 15, 2011
Stocks slip as Italian bond sale renews euro fears
NOTE :
HSI UP 19,508.18 (+371-01 or + 1.94%) on 14-11-11
DOW DOWN 12,078.98 (-74.70 or -0.61%) "
Stocks slide as higher borrowing rates for Italy renew Europe concerns; JC Penney sinks
NEW YORK (AP) -- The stock market fell Monday after a jump in Italy's borrowing costs reminded investors of how much work remains to be done to contain Europe's debt problems.
The Dow Jones industrial average lost nearly 75 points. Bank stocks fell the most. European markets also fell and the euro weakened against the dollar.
Major indexes closed higher last week as Greece and Italy moved to form new governments and took other decisive steps to get their debt troubles under control. However worrisome signs re-emerged Monday.
The Italian government had to pay 6.29 percent at an auction of five-year bonds, the highest rate since since 1997. Italy paid a much lower rate of 5.32 percent at a similar auction last month. That's a sign investors are still concerned about Italy's ability to repay its debts. Stocks tanked last Wednesday after key Italian borrowing rates jumped above 7 percent, a level widely seen as unsustainable.
http://finance.yahoo.com/news/stocks-slip-italian-bond-sale-202344464.html
HSI UP 19,508.18 (+371-01 or + 1.94%) on 14-11-11
DOW DOWN 12,078.98 (-74.70 or -0.61%) "
Stocks slide as higher borrowing rates for Italy renew Europe concerns; JC Penney sinks
NEW YORK (AP) -- The stock market fell Monday after a jump in Italy's borrowing costs reminded investors of how much work remains to be done to contain Europe's debt problems.
The Dow Jones industrial average lost nearly 75 points. Bank stocks fell the most. European markets also fell and the euro weakened against the dollar.
Major indexes closed higher last week as Greece and Italy moved to form new governments and took other decisive steps to get their debt troubles under control. However worrisome signs re-emerged Monday.
The Italian government had to pay 6.29 percent at an auction of five-year bonds, the highest rate since since 1997. Italy paid a much lower rate of 5.32 percent at a similar auction last month. That's a sign investors are still concerned about Italy's ability to repay its debts. Stocks tanked last Wednesday after key Italian borrowing rates jumped above 7 percent, a level widely seen as unsustainable.
http://finance.yahoo.com/news/stocks-slip-italian-bond-sale-202344464.html
Monday, November 14, 2011
Euro watch in force; data may offer distractions
NOTE:
HSI UP 19,137.17 (+173.28 or + 0.91%)on 11-11-11
DOW UP 12,153.68 (+259.89 or +2.19%)on 11-11-11
“GDP releases for Germany, France and the euro zone will be closely watched to assess the impact of the crisis on the real economy in [the third quarter],” economists at Markit said in a research note Friday. “Growth rates may have rebounded in France and in Germany.”
The Bank of England’s quarterly inflation report will be released on Wednesday. The report will also give “important insight into how the crisis has affected the growth and inflation outlook,” Markit economists said. “The report will no doubt show a more pessimistic growth outlook, and will be scrutinized for clues as to whether more [quantitative easing] will be announced in December.”
http://www.marketwatch.com/story/euro-watch-in-force-data-may-offer-distractions-2011-11-11?pagenumber=2
Friday, November 11, 2011
Progress in Italy, Greece on debt sends stocks up
Dear Readers,
Be this day a special day (11.11.11) in our lifetime to remember and cherish. We are bless to live in this century to be friends. Let me take this opportunity to thank you for bringing laughter and happiness into my life. May we continue to grow wiser, stronger and learn together... cheers ...
NOTE :
DOW UP 11,893.79 (+112.85 OR +0.96%)
HSI DOWN 18,963.89 (-1,050.54 OR -5.25%)
Successful bond sale in Italy, naming of new PM in Greece ease euro fears, send markets higher
NEW YORK (AP) -- Signs of progress in Europe's debt crisis and an unexpected drop in unemployment claims pushed stocks higher Thursday, a day after the stock market took its worst fall since the summer.
Greece named a new prime minister Thursday and Italy borrowed $6.8 billion at lower interest rates than analysts expected. Italy's benchmark rate dropped below 7 percent after spiking above that level Wednesday.
Investors were also relieved by talk that the economist Mario Monti is likely to replace Premier Silvio Berlusconi, who was seen as an obstacle to meaningful economic reforms. Italy's president pledged that Berlusconi will step down soon.
The Dow Jones industrial average rose 112.92 points, or 1 percent, to close at 11,893.86. It plunged 389 points Wednesday after Italy's borrowing rates soared and talks in Greece to name a new prime minister broke down. Traders have been concerned that debt troubles in Italy and Greece could create a liquidity crisis and lead to a global financial meltdown.
http://finance.yahoo.com/news/progress-italy-greece-debt-sends-160240444.html
Be this day a special day (11.11.11) in our lifetime to remember and cherish. We are bless to live in this century to be friends. Let me take this opportunity to thank you for bringing laughter and happiness into my life. May we continue to grow wiser, stronger and learn together... cheers ...
NOTE :
DOW UP 11,893.79 (+112.85 OR +0.96%)
HSI DOWN 18,963.89 (-1,050.54 OR -5.25%)
Successful bond sale in Italy, naming of new PM in Greece ease euro fears, send markets higher
NEW YORK (AP) -- Signs of progress in Europe's debt crisis and an unexpected drop in unemployment claims pushed stocks higher Thursday, a day after the stock market took its worst fall since the summer.
Greece named a new prime minister Thursday and Italy borrowed $6.8 billion at lower interest rates than analysts expected. Italy's benchmark rate dropped below 7 percent after spiking above that level Wednesday.
Investors were also relieved by talk that the economist Mario Monti is likely to replace Premier Silvio Berlusconi, who was seen as an obstacle to meaningful economic reforms. Italy's president pledged that Berlusconi will step down soon.
The Dow Jones industrial average rose 112.92 points, or 1 percent, to close at 11,893.86. It plunged 389 points Wednesday after Italy's borrowing rates soared and talks in Greece to name a new prime minister broke down. Traders have been concerned that debt troubles in Italy and Greece could create a liquidity crisis and lead to a global financial meltdown.
http://finance.yahoo.com/news/progress-italy-greece-debt-sends-160240444.html
Thursday, November 10, 2011
You Are The Hunter Or The Prey ? You Have The Choice ...
Dow sinks 389 as Europe uncertainty deepens
NOTE :
HSI UP 20,014.43 (+335.96 or +1.71%)
DOW DOWN 11,780.94 ( -389.24 -3.20%)
Dow plunges 389 as Italy's borrowing rate soars and Greek political chaos deepens
NEW YORK (AP) -- Trouble on two fronts in the European debt crisis sent American stocks tumbling Wednesday to their biggest loss since the rocky trading of last summer. The Dow Jones industrial average fell almost 400 points.
Stocks were down from the opening bell after borrowing costs in Italy spiked to dangerous levels, a sign that investors are losing faith in Italy's ability to repay its national debt.
"Italy is potentially too big to bail out, but that's the problem," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research. "It's spiraling out, and the question is now, how do you fix it?"
In Greece, meanwhile, power-sharing talks aimed at avoiding a default broke down in chaos.
The Italian economy is more than six times larger than that of Greece, which so far has been the center of the continent's debt problem. American investors are worried that the consequences from Europe could include a freeze in lending, the disintegration of the euro currency or a bruising recession that would hurt the U.S.
They sold stocks as a result. The Dow finished down 389.24 points, at 11,780.94.
http://beta.finance.yahoo.com/news/dow-sinks-389-europe-uncertainty-222541915.html
The uncertainty and big twists seems a routine sentiments ... therefore...you are the hunter or the prey during this routine ? You have the choice ...
NOTE :
HSI UP 20,014.43 (+335.96 or +1.71%)
DOW DOWN 11,780.94 ( -389.24 -3.20%)
Dow plunges 389 as Italy's borrowing rate soars and Greek political chaos deepens
NEW YORK (AP) -- Trouble on two fronts in the European debt crisis sent American stocks tumbling Wednesday to their biggest loss since the rocky trading of last summer. The Dow Jones industrial average fell almost 400 points.
Stocks were down from the opening bell after borrowing costs in Italy spiked to dangerous levels, a sign that investors are losing faith in Italy's ability to repay its national debt.
"Italy is potentially too big to bail out, but that's the problem," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research. "It's spiraling out, and the question is now, how do you fix it?"
In Greece, meanwhile, power-sharing talks aimed at avoiding a default broke down in chaos.
The Italian economy is more than six times larger than that of Greece, which so far has been the center of the continent's debt problem. American investors are worried that the consequences from Europe could include a freeze in lending, the disintegration of the euro currency or a bruising recession that would hurt the U.S.
They sold stocks as a result. The Dow finished down 389.24 points, at 11,780.94.
http://beta.finance.yahoo.com/news/dow-sinks-389-europe-uncertainty-222541915.html
The uncertainty and big twists seems a routine sentiments ... therefore...you are the hunter or the prey during this routine ? You have the choice ...
Wednesday, November 9, 2011
Berlusconi promises to resign amid Italy debt woes
NOTE :
HSI UP 19,678.47 (+0.58)
DOW UP 12,170.18 (+101.79 OR +0.84%)
End of an era: Debt crisis forces Berlusconi to promise to resign, Greece to get new PM
By Derek Gatopoulos, Associated Press | AP – 1 hour 14 minutes ago
..
ROME (AP) -- Italian Premier Silvio Berlusconi conceded Tuesday he no longer had the support to govern and announced he would resign like his Greek counterpart, becoming the biggest political casualty yet of the European debt crisis.
Berlusconi promised to leave office after Parliament passes economic reforms demanded by the European Union to keep Italy from sinking into Europe's debt mess. He came to the decision hours after a vote on a routine piece of legislation made it clear he no longer commanded a majority in the lower Chamber of Deputies.
A vote on the reform measures is planned for next week, giving Berlusconi a few more days before his turbulent 17 years in public life — and a political era in Italy — draw to a close. Over the years, Italy's political establishment watched as the media mogul survived sex scandals and corruption charges while branding his opponents communists, traitors and terrorists.
Both Italy and Greece are under heavy pressure to reassure financial markets that the 17-country eurozone is moving quickly to reduce crippling government debts before they break apart the monetary union and plunge the world into a new recession.
http://beta.finance.yahoo.com/news/berlusconi-promises-resign-amid-italy-192448625.html
HSI UP 19,678.47 (+0.58)
DOW UP 12,170.18 (+101.79 OR +0.84%)
End of an era: Debt crisis forces Berlusconi to promise to resign, Greece to get new PM
By Derek Gatopoulos, Associated Press | AP – 1 hour 14 minutes ago
..
ROME (AP) -- Italian Premier Silvio Berlusconi conceded Tuesday he no longer had the support to govern and announced he would resign like his Greek counterpart, becoming the biggest political casualty yet of the European debt crisis.
Berlusconi promised to leave office after Parliament passes economic reforms demanded by the European Union to keep Italy from sinking into Europe's debt mess. He came to the decision hours after a vote on a routine piece of legislation made it clear he no longer commanded a majority in the lower Chamber of Deputies.
A vote on the reform measures is planned for next week, giving Berlusconi a few more days before his turbulent 17 years in public life — and a political era in Italy — draw to a close. Over the years, Italy's political establishment watched as the media mogul survived sex scandals and corruption charges while branding his opponents communists, traitors and terrorists.
Both Italy and Greece are under heavy pressure to reassure financial markets that the 17-country eurozone is moving quickly to reduce crippling government debts before they break apart the monetary union and plunge the world into a new recession.
http://beta.finance.yahoo.com/news/berlusconi-promises-resign-amid-italy-192448625.html
Tuesday, November 8, 2011
Wall Street edges up, swayed by Europe
NOTE :
HSI DOWN 19,677.89 (-164.9)
DOW UP 12,068.39 (+85.15 OR +0.71%)
Stocks closed a volatile, lightly traded session slightly higher on Monday, with sentiment continuing to shift with the latest headline from Europe.
Wall Street spent most of the session lower before rebounding after Juergen Stark, a member of the European Central Bank's Executive Board, said the region's debt crisis might be overcome in "one or two years at the latest."
In a signal that investors remain cautious, the strongest performers were healthcare and telecommunications stocks, both considered defensive sectors. The S&P Health Care sector rose 1.2 percent, with Pfizer Inc gaining 2.1 percent to $20.07.
Volatility in the stock market has become more closely correlated with shifts in European bond markets, another sign of Europe's influence on U.S. equities.
"Given the overhang that Europe has been having on equities, stocks are going to be subject to intraday moves based on innuendo or conjecture as much as fact," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.
"Any news that's viewed positively is going to move the market, but I don't trust the move. We could just as easily fall back down."
http://beta.finance.yahoo.com/news/futures-signal-weaker-start-equities-094128965.html;_ylt=ApLXrxr0tvJviCtLUW4RKLcq24dG;_ylu=X3oDMTQzMGw1NW1zBG1pdANGaW5hbmNlIEZQIEp1bWJvdHJvbiBMaXRlBHBrZwMwYWY0YjcyMy05Mzc2LTMxYWYtYTAxNS0xYTIyYjNjNzJkMzQEcG9zAzEEc2VjA2p1bWJvdHJvbgR2ZXIDN2Y1ZTM4MDAtMDk4Zi0xMWUxLWFmZWItZWNkZDIwNjg4NjE5;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3
HSI DOWN 19,677.89 (-164.9)
DOW UP 12,068.39 (+85.15 OR +0.71%)
Stocks closed a volatile, lightly traded session slightly higher on Monday, with sentiment continuing to shift with the latest headline from Europe.
Wall Street spent most of the session lower before rebounding after Juergen Stark, a member of the European Central Bank's Executive Board, said the region's debt crisis might be overcome in "one or two years at the latest."
In a signal that investors remain cautious, the strongest performers were healthcare and telecommunications stocks, both considered defensive sectors. The S&P Health Care sector rose 1.2 percent, with Pfizer Inc gaining 2.1 percent to $20.07.
Volatility in the stock market has become more closely correlated with shifts in European bond markets, another sign of Europe's influence on U.S. equities.
"Given the overhang that Europe has been having on equities, stocks are going to be subject to intraday moves based on innuendo or conjecture as much as fact," said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia.
"Any news that's viewed positively is going to move the market, but I don't trust the move. We could just as easily fall back down."
http://beta.finance.yahoo.com/news/futures-signal-weaker-start-equities-094128965.html;_ylt=ApLXrxr0tvJviCtLUW4RKLcq24dG;_ylu=X3oDMTQzMGw1NW1zBG1pdANGaW5hbmNlIEZQIEp1bWJvdHJvbiBMaXRlBHBrZwMwYWY0YjcyMy05Mzc2LTMxYWYtYTAxNS0xYTIyYjNjNzJkMzQEcG9zAzEEc2VjA2p1bWJvdHJvbgR2ZXIDN2Y1ZTM4MDAtMDk4Zi0xMWUxLWFmZWItZWNkZDIwNjg4NjE5;_ylg=X3oDMTFpNzk0NjhtBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25z;_ylv=3
Friday, November 4, 2011
"Savvy investors are using the dips to put some money to work ...
NOTE :
HSI UP 19,842.79 (+600.29 OR +3.12%)
DOW DOWN 11,983.24 (-61.23 OR -0.51%)
"Savvy investors are using the dips to put some money to work, but this is a very difficult market if you're a short-term trader," said Fred Dickson, chief market strategist at The Davidson Cos. in Lake Oswego, Oregon.
Besides earnings, U.S. economic news has helped keep worries about another recession at bay.
Non-farm payrolls rose a tepid 80,000 in October, below economists' expectations. But employers added 102,000 more jobs than previously estimated in August and September.
And the U.S. unemployment rate slipped to 9 percent. It had been stuck at 9.1 percent for three straight months.
Among key economic reports next week are the government's data on the Consumer Price Index and Producer Price Index.
(Reporting by Caroline Valetkevitch; Additional reporting by Ryan Vlastelica, Doris Frankel and Edward Krudy; Editing by Jan Paschal and Burton Frierson
http://beta.finance.yahoo.com/news/wall-street-week-ahead-coping-004645989.html
HSI UP 19,842.79 (+600.29 OR +3.12%)
DOW DOWN 11,983.24 (-61.23 OR -0.51%)
"Savvy investors are using the dips to put some money to work, but this is a very difficult market if you're a short-term trader," said Fred Dickson, chief market strategist at The Davidson Cos. in Lake Oswego, Oregon.
Besides earnings, U.S. economic news has helped keep worries about another recession at bay.
Non-farm payrolls rose a tepid 80,000 in October, below economists' expectations. But employers added 102,000 more jobs than previously estimated in August and September.
And the U.S. unemployment rate slipped to 9 percent. It had been stuck at 9.1 percent for three straight months.
Among key economic reports next week are the government's data on the Consumer Price Index and Producer Price Index.
(Reporting by Caroline Valetkevitch; Additional reporting by Ryan Vlastelica, Doris Frankel and Edward Krudy; Editing by Jan Paschal and Burton Frierson
http://beta.finance.yahoo.com/news/wall-street-week-ahead-coping-004645989.html
Thursday, November 3, 2011
Greece in turmoil over debt plan, but markets rise
NOTE :
DOW UP - 12,044.47( +208.43 +1.76%)
HSI DOWN - 19,242.50 (-491.21 OR -2.49%) Nov 3 - Close
Greece in turmoil over debt plan, dumps referendum; Obama concerned but markets rise
Greek Prime Minister George Papandreou speaks during a parliament session in Athens, Thursday, Nov. 3, 2011. Papandreou abandoned his explosive plan to put a European rescue deal to popular vote Thursday, keeping his government alive _ but passionate squabbling in Athens left the country's solvency in doubt and the eurozone in turmoil. Greek Prime Minister reversed course after a rebellion within his own Socialist party over the referendum, but ignored repeated calls to resign and call elections.(AP Photo/Petros Giannakouris)
Elena Becatoros and Demetris Nellas, Associated Press, On Thursday November 3, 2011, 9:34 pm
ATHENS, Greece (AP) -- Greece was in turmoil and the world economy in limbo Thursday as a high-stakes game of political brinkmanship in Athens led Prime Minister George Papandreou to abandon his explosive plan to put a European rescue deal to a referendum.
The dramatic developments overshadowed the G20 summit of world leaders in the French resort of Cannes, where President Barack Obama implored European leaders to swiftly work out a eurozone plan to deal with the continent's crisis, which threatens to push the world back into recession.
Papandreou sparked a global crisis this week when he announced plans to put the latest European deal to cut Greece's massive debt -- a hard-fought accord that took months of negotiations -- to a popular vote. The idea horrified other EU nations, Greece's creditors and financial markets as investors worried over the prospect that Greece could be forced into a disorderly default ...
http://finance.yahoo.com/news/Greece-in-turmoil-over-debt-apf-1455838074.html?x=0&sec=topStories&pos=main&asset=&ccode=
DOW UP - 12,044.47( +208.43 +1.76%)
HSI DOWN - 19,242.50 (-491.21 OR -2.49%) Nov 3 - Close
Greece in turmoil over debt plan, dumps referendum; Obama concerned but markets rise
Greek Prime Minister George Papandreou speaks during a parliament session in Athens, Thursday, Nov. 3, 2011. Papandreou abandoned his explosive plan to put a European rescue deal to popular vote Thursday, keeping his government alive _ but passionate squabbling in Athens left the country's solvency in doubt and the eurozone in turmoil. Greek Prime Minister reversed course after a rebellion within his own Socialist party over the referendum, but ignored repeated calls to resign and call elections.(AP Photo/Petros Giannakouris)
Elena Becatoros and Demetris Nellas, Associated Press, On Thursday November 3, 2011, 9:34 pm
ATHENS, Greece (AP) -- Greece was in turmoil and the world economy in limbo Thursday as a high-stakes game of political brinkmanship in Athens led Prime Minister George Papandreou to abandon his explosive plan to put a European rescue deal to a referendum.
The dramatic developments overshadowed the G20 summit of world leaders in the French resort of Cannes, where President Barack Obama implored European leaders to swiftly work out a eurozone plan to deal with the continent's crisis, which threatens to push the world back into recession.
Papandreou sparked a global crisis this week when he announced plans to put the latest European deal to cut Greece's massive debt -- a hard-fought accord that took months of negotiations -- to a popular vote. The idea horrified other EU nations, Greece's creditors and financial markets as investors worried over the prospect that Greece could be forced into a disorderly default ...
http://finance.yahoo.com/news/Greece-in-turmoil-over-debt-apf-1455838074.html?x=0&sec=topStories&pos=main&asset=&ccode=
Stocks recover after a two-day slump; Dow up 178
NOTE:
DOW UP 11,836.04 (+178.08 OR +1.53%)
HSI 19,733.71 (+363.75 )
Stocks recover as G-20 leaders scramble to save Greece rescue plan; Dow breaks two-day slump
Specialist David Haubner, left, works on the floor of the New York Stock Exchange Wednesday, Nov. 2, 2011. Stocks rose sharply in early trading, a day after renewed worries over Europe's debt crisis roiled markets around the world. Strong corporate earnings and a better employment report helped turn markets around. (AP Photo/Richard Drew)
Matthew Craft and David K. Randall, AP Business Writers, On Wednesday November 2, 2011, 4:23 pm EDT
NEW YORK (AP) -- Stock indexes closed with broad gains Wednesday as international leaders scramble to save a week-old plan to prevent a financial crisis in Europe. Strong corporate earnings and a bump up in hiring by private companies also helped send markets higher after a steep two-day drop.
The Dow Jones industrial average gained 178.08 points, or 1.5 percent, to close at 11,836.04. The Dow lost 573 points the previous two days after the brokerage MF Global collapsed and Greece's prime minister surprised markets and his own government with a call to put unpopular austerity measures to a public vote.
"It's crazy how much the markets dropped in two days, considering that the data of the U.S. economy has actually looked pretty good," said Barry Knapp, head of equity strategy at Barclay's Capital. "It just shows you how fragile the investor psychology is with Greece hanging over everything."
http://finance.yahoo.com/news/Stocks-recover-after-a-twoday-apf-2155362811.html?x=0&sec=topStories&pos=9&asset=&ccode=
DOW UP 11,836.04 (+178.08 OR +1.53%)
HSI 19,733.71 (+363.75 )
Stocks recover as G-20 leaders scramble to save Greece rescue plan; Dow breaks two-day slump
Specialist David Haubner, left, works on the floor of the New York Stock Exchange Wednesday, Nov. 2, 2011. Stocks rose sharply in early trading, a day after renewed worries over Europe's debt crisis roiled markets around the world. Strong corporate earnings and a better employment report helped turn markets around. (AP Photo/Richard Drew)
Matthew Craft and David K. Randall, AP Business Writers, On Wednesday November 2, 2011, 4:23 pm EDT
NEW YORK (AP) -- Stock indexes closed with broad gains Wednesday as international leaders scramble to save a week-old plan to prevent a financial crisis in Europe. Strong corporate earnings and a bump up in hiring by private companies also helped send markets higher after a steep two-day drop.
The Dow Jones industrial average gained 178.08 points, or 1.5 percent, to close at 11,836.04. The Dow lost 573 points the previous two days after the brokerage MF Global collapsed and Greece's prime minister surprised markets and his own government with a call to put unpopular austerity measures to a public vote.
"It's crazy how much the markets dropped in two days, considering that the data of the U.S. economy has actually looked pretty good," said Barry Knapp, head of equity strategy at Barclay's Capital. "It just shows you how fragile the investor psychology is with Greece hanging over everything."
http://finance.yahoo.com/news/Stocks-recover-after-a-twoday-apf-2155362811.html?x=0&sec=topStories&pos=9&asset=&ccode=
Wednesday, November 2, 2011
Greek referendum: What happens next?
NOTE :
DOW DOWN 11,657.96 (-297.05 OR -2.48%) Tue 4:30pm ET
HSI DOWN 19,369.96 (-494.91 OR -2.49%) Nov 1 - Close
4:30 pm : Revived concerns related to Europe's ability to efficiently and effectively restore financial conditions resulted in another round of aggressive selling.
Stocks extended the prior session's sell-off by suffering another steep slide. Selling pressure was essentially underpinned by the belief that Greece could disrupt the implementation of the eurozone bailout plan by issuing a referendum, although some afternoon headlines suggested that the referendum was unlikely to win support. Selling pressure was exacerbated by dwindling confidence in Italy's financial health, as indicated by a spike in the yields of the country's debt.
Those themes took a heavy toll on Europe's bourses. In turn, the EuroStoxx 50 fell nearly 3%. The euro was also implicated; it tumbled to a 1% loss against the greenback, as of the close of trade.
Diversified bank stocks were some of the hardest hit issues in both Europe and at home. Their weight and their weakness left the overall financial sector to fall almost 5%.
http://edition.cnn.com/2011/11/01/business/greece-referendum-explainer/index.html
DOW DOWN 11,657.96 (-297.05 OR -2.48%) Tue 4:30pm ET
HSI DOWN 19,369.96 (-494.91 OR -2.49%) Nov 1 - Close
4:30 pm : Revived concerns related to Europe's ability to efficiently and effectively restore financial conditions resulted in another round of aggressive selling.
Stocks extended the prior session's sell-off by suffering another steep slide. Selling pressure was essentially underpinned by the belief that Greece could disrupt the implementation of the eurozone bailout plan by issuing a referendum, although some afternoon headlines suggested that the referendum was unlikely to win support. Selling pressure was exacerbated by dwindling confidence in Italy's financial health, as indicated by a spike in the yields of the country's debt.
Those themes took a heavy toll on Europe's bourses. In turn, the EuroStoxx 50 fell nearly 3%. The euro was also implicated; it tumbled to a 1% loss against the greenback, as of the close of trade.
Diversified bank stocks were some of the hardest hit issues in both Europe and at home. Their weight and their weakness left the overall financial sector to fall almost 5%.
http://edition.cnn.com/2011/11/01/business/greece-referendum-explainer/index.html
Tuesday, November 1, 2011
Ugly end to historic October on Wall Street
Note :
DOW DOWN (-276.10 or -2.26%) 11,955.01 on 1-11-11
HSI -280.18 (-1.41%) 19,584.69 ON 1-11-11 12.30Noon
The Halloween scare !
An ugly finish, but Wall Street has its best month in almost a decade
Matthew Craft, AP Business Writer, On Monday October 31, 2011, 5:41 pm EDT
NEW YORK (AP) -- October is somewhat cursed for the stock market -- the Crash of 1929, Black Monday in 1987, a slow-motion meltdown in 2008. This time, the demons made a last gasp, but Wall Street still managed to break the jinx.
Stocks had their best month in almost a decade, rising from their low point of the year in an almost uninterrupted four-week rally. The juice mostly came from Europe, which appeared to finally find a strategy for taming its debt crisis.
But the finish sure was ugly. The Dow Jones industrial average fell 276 points and finished below 12,000 on the final day of the month. It was as rough an end as it was a beginning: On the first trading day of the month, Oct. 3, the Dow lost 258.
Bank stocks were hit hard Monday. MF Global, a securities firm headed by former New Jersey Gov. Jon Corzine, filed for bankruptcy protection. Rating agencies downgraded the company last week, worried that it holds too much European debt.
Still, even counting the Halloween scare, October 2011 will be remembered on Wall Street for a comeback that only the St. Louis Cardinals, baseball's nearly eliminated, newly crowned champions, could match.
For the month, the Dow rose more than 1,000 points. It gained 9.5 percent, its best showing since October 2002. The Standard & Poor's 500 index, the broadest major market average, rose 10.8 percent for the month, the best since December 1991.
On Oct. 3, both the Dow and the S&P closed at their lows of the year. The market had been through a brutal summer and was one bad day away from falling into bear market territory, down 20 percent from its most recent peak.
Investors were worried that the United States, with an economy growing at the slowest pace since the end of the Great Recession, was on the brink of falling back into recession.
And if the U.S. didn't tip into a new recession by itself, the market was worried that Europe would give it a push. Greece and other European nations face crushing debt, and European banks that loaned them money face big losses.
A recession in Europe would be bad news for the United States because Europe buys about 20 percent of American exports.
Someone opening a quarterly account statement at about that time might have tossed it in the garbage and been afraid to look again. But that day was to be the turning point.
Reports that European leaders were working on a debt plan began trickling out. Investors gained confidence after the leaders of France and Germany pledged to come up with a far-reaching resolution by the end of the month.
Added to the encouraging news out of Europe: stronger corporate earnings from the likes of Google and McDonald's and signs that the U.S. economy was not as bad as feared. Retail sales rose 1.1 percent in September, the biggest gain in seven months.
When European leaders finally unveiled the deal Thursday, stocks roared higher. The S&P 500 jumped 3.7 percent and was up for the year for the first time since Aug. 3, just before the U.S. government's debt lost its AAA credit rating.
"It's a rally off what was a very pessimistic view of the global economy," says Todd Henry, an emerging-market equity specialist at T. Rowe Price. "Does it have legs? I think that's yet to be seen."
Under the debt agreement, banks will take a 50 percent loss on their Greek government bonds. Europe will also add money to a financial rescue fund to protect other countries. And banks will increase their capital reserves to protect themselves.
With the October books closed, the Dow was at 11,955.01, up about 83 percent from March 2009, its lowest point after the financial meltdown. It would have to rise more than 2,200 points from here to set an all-time high.
The S&P 500 finished the month at 1,253.50, down 32 points on Monday, or 2.5 percent. The Nasdaq composite index fell 53 points for the day, or 1.9 percent, and ended October at 2,684.
Besides the Depression-heralding collapse in 1929, the crash in 1987 and the meltdown 2008, the stock market suffered through a mini-crash on Friday the 13th in October 1989 and a 554-point drop in the Dow on Oct. 27, 1997.
But the month "turned the tide" in 11 bear markets after World War II, according to the Stock Trader's Almanac. And it turned out to be the best single month for the market from 1993 to 2007, according to the almanac.
Strong as it was, this October wasn't close to ranking as one of the best. After the 1929 crash, the market routinely ran up much bigger percentage gains. In July and August 1932, for example, the market gained more than 36 percent each month.
Worries about a second recession have receded somewhat. The government announced last week that the economy in July, August and September grew at an annual rate of 2.5 percent, more than twice the speed of earlier this year.
The European debt crisis is still far from fixed. One troubling sign is that borrowing costs for Italy and Spain have increased, a signal that traders remain worried about those countries' ability to pay their debts.
And there are problems closer to home. A congressional "supercommittee" has to find $1.2 trillion in deficit cuts in less than a month, and Republicans and Democrats are fighting about whether to focus on higher taxes or cuts in federal spending.
If they can't agree, investors are worried that Moody's, the prominent credit rating agency, will follow S&P and strip the United States of its top rating, or that S&P will lower its rating even further.
http://finance.yahoo.com/news/Ugly-end-to-historic-October-apf-880720871.html?x=0&sec=topStories&pos=main&asset=&ccode=
DOW DOWN (-276.10 or -2.26%) 11,955.01 on 1-11-11
HSI -280.18 (-1.41%) 19,584.69 ON 1-11-11 12.30Noon
The Halloween scare !
An ugly finish, but Wall Street has its best month in almost a decade
Matthew Craft, AP Business Writer, On Monday October 31, 2011, 5:41 pm EDT
NEW YORK (AP) -- October is somewhat cursed for the stock market -- the Crash of 1929, Black Monday in 1987, a slow-motion meltdown in 2008. This time, the demons made a last gasp, but Wall Street still managed to break the jinx.
Stocks had their best month in almost a decade, rising from their low point of the year in an almost uninterrupted four-week rally. The juice mostly came from Europe, which appeared to finally find a strategy for taming its debt crisis.
But the finish sure was ugly. The Dow Jones industrial average fell 276 points and finished below 12,000 on the final day of the month. It was as rough an end as it was a beginning: On the first trading day of the month, Oct. 3, the Dow lost 258.
Bank stocks were hit hard Monday. MF Global, a securities firm headed by former New Jersey Gov. Jon Corzine, filed for bankruptcy protection. Rating agencies downgraded the company last week, worried that it holds too much European debt.
Still, even counting the Halloween scare, October 2011 will be remembered on Wall Street for a comeback that only the St. Louis Cardinals, baseball's nearly eliminated, newly crowned champions, could match.
For the month, the Dow rose more than 1,000 points. It gained 9.5 percent, its best showing since October 2002. The Standard & Poor's 500 index, the broadest major market average, rose 10.8 percent for the month, the best since December 1991.
On Oct. 3, both the Dow and the S&P closed at their lows of the year. The market had been through a brutal summer and was one bad day away from falling into bear market territory, down 20 percent from its most recent peak.
Investors were worried that the United States, with an economy growing at the slowest pace since the end of the Great Recession, was on the brink of falling back into recession.
And if the U.S. didn't tip into a new recession by itself, the market was worried that Europe would give it a push. Greece and other European nations face crushing debt, and European banks that loaned them money face big losses.
A recession in Europe would be bad news for the United States because Europe buys about 20 percent of American exports.
Someone opening a quarterly account statement at about that time might have tossed it in the garbage and been afraid to look again. But that day was to be the turning point.
Reports that European leaders were working on a debt plan began trickling out. Investors gained confidence after the leaders of France and Germany pledged to come up with a far-reaching resolution by the end of the month.
Added to the encouraging news out of Europe: stronger corporate earnings from the likes of Google and McDonald's and signs that the U.S. economy was not as bad as feared. Retail sales rose 1.1 percent in September, the biggest gain in seven months.
When European leaders finally unveiled the deal Thursday, stocks roared higher. The S&P 500 jumped 3.7 percent and was up for the year for the first time since Aug. 3, just before the U.S. government's debt lost its AAA credit rating.
"It's a rally off what was a very pessimistic view of the global economy," says Todd Henry, an emerging-market equity specialist at T. Rowe Price. "Does it have legs? I think that's yet to be seen."
Under the debt agreement, banks will take a 50 percent loss on their Greek government bonds. Europe will also add money to a financial rescue fund to protect other countries. And banks will increase their capital reserves to protect themselves.
With the October books closed, the Dow was at 11,955.01, up about 83 percent from March 2009, its lowest point after the financial meltdown. It would have to rise more than 2,200 points from here to set an all-time high.
The S&P 500 finished the month at 1,253.50, down 32 points on Monday, or 2.5 percent. The Nasdaq composite index fell 53 points for the day, or 1.9 percent, and ended October at 2,684.
Besides the Depression-heralding collapse in 1929, the crash in 1987 and the meltdown 2008, the stock market suffered through a mini-crash on Friday the 13th in October 1989 and a 554-point drop in the Dow on Oct. 27, 1997.
But the month "turned the tide" in 11 bear markets after World War II, according to the Stock Trader's Almanac. And it turned out to be the best single month for the market from 1993 to 2007, according to the almanac.
Strong as it was, this October wasn't close to ranking as one of the best. After the 1929 crash, the market routinely ran up much bigger percentage gains. In July and August 1932, for example, the market gained more than 36 percent each month.
Worries about a second recession have receded somewhat. The government announced last week that the economy in July, August and September grew at an annual rate of 2.5 percent, more than twice the speed of earlier this year.
The European debt crisis is still far from fixed. One troubling sign is that borrowing costs for Italy and Spain have increased, a signal that traders remain worried about those countries' ability to pay their debts.
And there are problems closer to home. A congressional "supercommittee" has to find $1.2 trillion in deficit cuts in less than a month, and Republicans and Democrats are fighting about whether to focus on higher taxes or cuts in federal spending.
If they can't agree, investors are worried that Moody's, the prominent credit rating agency, will follow S&P and strip the United States of its top rating, or that S&P will lower its rating even further.
http://finance.yahoo.com/news/Ugly-end-to-historic-October-apf-880720871.html?x=0&sec=topStories&pos=main&asset=&ccode=
Sunday, October 30, 2011
Stocks finish mixed after Thursday's big rally
NOTE : HSI up 330.54 or (1.68%) to finish at 20,019.24 ON 28OCT11 DOW up 23 points, or (0.2%), to finish at 12,231.11
"It's a kind of sobering-up after a day of partying," said Jerry Webman, chief economist with Oppenheimer Funds in New York. "We got back to what's more of a square position, closer to where we want to be, and now we're going to take a couple of deep breaths and reassess what this really means."
There are still plenty of obstacles to overcome before the crisis is resolved. One troubling sign: Borrowing costs for Italy and Spain increased, signaling that traders remain worried about their finances.
http://finance.yahoo.com/news/Stocks-finish-mixed-after-apf-3972903983.html?x=0&sec=topStories&pos=3&asset=&ccode=
"It's a kind of sobering-up after a day of partying," said Jerry Webman, chief economist with Oppenheimer Funds in New York. "We got back to what's more of a square position, closer to where we want to be, and now we're going to take a couple of deep breaths and reassess what this really means."
There are still plenty of obstacles to overcome before the crisis is resolved. One troubling sign: Borrowing costs for Italy and Spain increased, signaling that traders remain worried about their finances.
http://finance.yahoo.com/news/Stocks-finish-mixed-after-apf-3972903983.html?x=0&sec=topStories&pos=3&asset=&ccode=
Friday, October 28, 2011
European debt deal lifts Dow by almost 340 points
David K. Randall and Stan Choe, AP Business Writers, On Thursday October 27, 2011, 5:19 pm EDT
NEW YORK (AP) -- An agreement to contain the European debt crisis electrified the stock market Thursday, driving the Dow Jones Industrial average up nearly 340 points and putting the Standard & Poor's 500 index on track for its best month since 1974.
Investors were relieved after European leaders crafted a deal to slash Greece's debt load and prevent the crisis there from engulfing larger countries like Italy. The package is aimed at preventing another financial disaster like the one that happened in September 2008 after the collapse of Lehman Brothers.
But some analysts cautioned that Europe's problems remained unsolved.
"The market keeps on thinking that it's put Europe's problems to bed, but it's like putting a three-year old to bed: You might put it there but it won't stay there," said David Kelly, chief market strategist at J.P. Morgan Funds.
http://finance.yahoo.com/news/European-debt-deal-lifts-Dow-apf-2182810507.html?x=0&sec=topStories&pos=main&asset=&ccode=
NEW YORK (AP) -- An agreement to contain the European debt crisis electrified the stock market Thursday, driving the Dow Jones Industrial average up nearly 340 points and putting the Standard & Poor's 500 index on track for its best month since 1974.
Investors were relieved after European leaders crafted a deal to slash Greece's debt load and prevent the crisis there from engulfing larger countries like Italy. The package is aimed at preventing another financial disaster like the one that happened in September 2008 after the collapse of Lehman Brothers.
But some analysts cautioned that Europe's problems remained unsolved.
"The market keeps on thinking that it's put Europe's problems to bed, but it's like putting a three-year old to bed: You might put it there but it won't stay there," said David Kelly, chief market strategist at J.P. Morgan Funds.
http://finance.yahoo.com/news/European-debt-deal-lifts-Dow-apf-2182810507.html?x=0&sec=topStories&pos=main&asset=&ccode=
Thursday, October 27, 2011
The Market Mindset
..Valuing Large-Cap Stocks
By Will Ashworth | Investopedia – Tue, Oct 25, 2011 8:57 AM EDT
Investors seeking to preserve capital in volatile markets might want to consider large-cap stocks, those companies with market capitalizations greater than $10 billion. Doing business globally, they tend to pay dividends, have solid balance sheets and exceptionally large amounts of cash. While perceived to be slow growing, many have the financial might to take advantage of business opportunities that smaller companies just can't. Whether you invest in individual stocks, mutual funds or ETFs, large caps ought to represent a portion of your equity investments.
Why It Should Be Included In Your Portfolio
Conventional wisdom suggests that dividends account for approximately half a stock's total return. Some believe this number is as high as 90%. Clearly, whatever the percentage, dividends are an important weapon in any company's arsenal for rewarding shareholders. Because large-cap companies tend to possess greater free cash flow, their ability to increase the dividend payment each year is, also, greater. A rising dividend, combined with a multinational business possessing pricing power, which is the ability to raise prices routinely, provides investors with a certain amount of inflation protection that many mid- and small-cap stocks don't have. With operations in various parts of the world, large caps are able to go where the growth is, which is why you find many operating in the emerging markets of Brazil, Russia, India and China. In addition to geographic diversification, large caps provide investors with currency diversification. As the U.S. dollar weakens, companies are able to sell their products more competitively overseas. Smaller businesses are less likely to benefit because a majority of their revenue, often, is domestic in nature. Lastly, and most importantly, many large caps possess solid balance sheets with little debt and large amounts of cash. For many professional advisors, they are the core holdings in any portfolio.
Attributes of a Winning Large Cap Profitability
Whatever the size of company, investors averse to risk should only consider those businesses making money now, and most probably in the future. While reported earnings is the most common way to assess the profitability of a company, there are other tools available to investors such as return on equity and return on capital employed. Whatever investors use, to assess profitability, it's even more important to determine the sustainability of those profits because that is what drives stock prices higher. Some guesswork is required. However, it's not as scary as you might think. Many large-cap stocks have been public companies for a significant number of years, possessing a track record of increasing profits. The goal, here, isn't necessarily to find a business with an unblemished profit record, but one that is consistent enough that you feel comfortable making a long-term investment. In the end, the best large-caps are, generally, those with good business models and significant competitive advantages over their competitors. Warren Buffett, one of the world's greatest investors, believes the purchase of stocks be made as if you were buying the entire company, not just a piece of paper. While the numbers are important, it usually comes down to quality.
Financial Health
Like any household, a large-cap's financial health is the key to success. It's not enough to be profitable, it should also own more than it owes and be bringing in more cash than it sends out the door. If it isn't doing this, profitability is fleeting. The balance sheet, which details a company's assets, liabilities and shareholder equity, is the first place investors look for an indication of financial health. The capital it employs, to grow its business, comes at a cost. Generally, debt tends to be less expensive than equity because the interest payments are tax deductible. As a result, large caps often have a lower cost of capital, due to easily obtained financing, providing an advantage over smaller companies. While debt can be advantageous to issuing stock, it can also put a business into bankruptcy if its debt gets out of control. Many investors look for a margin of safety, such as total debt less than shareholder equity. In addition to a company's capital structure, investors should concern themselves with free cash flow, the amount of cash generated after covering operational costs and capital expenditures. A good way to judge this is by calculating free cash flow yield. Similar to the earnings yield (inverse of P/E ratio), it measures free cash flow as a percentage of market capitalization. When comparing companies from different industries, it's wise to replace market cap with enterprise value, which takes into account differing capital structures. While there are definite exceptions, the strongest businesses tend to be those with high free cash flow and increasing shareholder equity.
Dividend Growth
Mentioned previously, dividends are an important component of a stock's total return. That goes double for large caps. Standard & Poor's has an exclusive club it calls the Dividend Aristocrats, a small group of companies that are part of the S&P 500 and have increased dividends for 25 consecutive years. Most of the businesses on the annual list are large caps. Interestingly, the top 10 companies on the S&P 500, all large caps, have historically accounted for half the total cash on the balance sheets of all 500 companies. Since cash is a vital component when paying dividends, investing in any one of those 10, while not a guarantee, is a good bet for obtaining annual dividends on a long-term basis. Furthermore, evidence suggests that companies that payout a greater portion of their earnings, in the form of dividends, end up generating higher earnings, which in turn generates even greater dividends. When evaluating large caps, it's advisable to seek out those companies whose dividends are large and getting larger. Growth is the key.
Reasonable Price
Every investor's definition of "reasonable" is different. Value investors tend to want to pay significantly less than a stock's intrinsic value. Growth investors will pay more than that in the belief that earnings will grow faster than average, creating a new, much higher intrinsic value. Those in the middle are "GARP" investors because they look for growth at a reasonable price. Whatever your philosophy is, it's also important to consider where large-cap stocks are in the current market cycle. Small caps have tended to outperform their larger brethren in recent years. Eventually, everything reverts to the mean. While it's important to determine what constitutes a reasonable price to pay for a stock, it's equally important to understand whether large caps, as a whole, are cheap, fairly priced or expensive. Once you've answered this question, simply identify those stocks that meet your criteria.
The Bottom Line
Often it's not so much a question of choosing one market cap over another, but, rather, how much to allocate to each. Investing in large-cap stocks is an excellent way to provide a core foundation upon which you build the remainder of your portfolio.
http://beta.finance.yahoo.com/news/valuing-large-cap-stocks-134535203.html
By Will Ashworth | Investopedia – Tue, Oct 25, 2011 8:57 AM EDT
Investors seeking to preserve capital in volatile markets might want to consider large-cap stocks, those companies with market capitalizations greater than $10 billion. Doing business globally, they tend to pay dividends, have solid balance sheets and exceptionally large amounts of cash. While perceived to be slow growing, many have the financial might to take advantage of business opportunities that smaller companies just can't. Whether you invest in individual stocks, mutual funds or ETFs, large caps ought to represent a portion of your equity investments.
Why It Should Be Included In Your Portfolio
Conventional wisdom suggests that dividends account for approximately half a stock's total return. Some believe this number is as high as 90%. Clearly, whatever the percentage, dividends are an important weapon in any company's arsenal for rewarding shareholders. Because large-cap companies tend to possess greater free cash flow, their ability to increase the dividend payment each year is, also, greater. A rising dividend, combined with a multinational business possessing pricing power, which is the ability to raise prices routinely, provides investors with a certain amount of inflation protection that many mid- and small-cap stocks don't have. With operations in various parts of the world, large caps are able to go where the growth is, which is why you find many operating in the emerging markets of Brazil, Russia, India and China. In addition to geographic diversification, large caps provide investors with currency diversification. As the U.S. dollar weakens, companies are able to sell their products more competitively overseas. Smaller businesses are less likely to benefit because a majority of their revenue, often, is domestic in nature. Lastly, and most importantly, many large caps possess solid balance sheets with little debt and large amounts of cash. For many professional advisors, they are the core holdings in any portfolio.
Attributes of a Winning Large Cap Profitability
Whatever the size of company, investors averse to risk should only consider those businesses making money now, and most probably in the future. While reported earnings is the most common way to assess the profitability of a company, there are other tools available to investors such as return on equity and return on capital employed. Whatever investors use, to assess profitability, it's even more important to determine the sustainability of those profits because that is what drives stock prices higher. Some guesswork is required. However, it's not as scary as you might think. Many large-cap stocks have been public companies for a significant number of years, possessing a track record of increasing profits. The goal, here, isn't necessarily to find a business with an unblemished profit record, but one that is consistent enough that you feel comfortable making a long-term investment. In the end, the best large-caps are, generally, those with good business models and significant competitive advantages over their competitors. Warren Buffett, one of the world's greatest investors, believes the purchase of stocks be made as if you were buying the entire company, not just a piece of paper. While the numbers are important, it usually comes down to quality.
Financial Health
Like any household, a large-cap's financial health is the key to success. It's not enough to be profitable, it should also own more than it owes and be bringing in more cash than it sends out the door. If it isn't doing this, profitability is fleeting. The balance sheet, which details a company's assets, liabilities and shareholder equity, is the first place investors look for an indication of financial health. The capital it employs, to grow its business, comes at a cost. Generally, debt tends to be less expensive than equity because the interest payments are tax deductible. As a result, large caps often have a lower cost of capital, due to easily obtained financing, providing an advantage over smaller companies. While debt can be advantageous to issuing stock, it can also put a business into bankruptcy if its debt gets out of control. Many investors look for a margin of safety, such as total debt less than shareholder equity. In addition to a company's capital structure, investors should concern themselves with free cash flow, the amount of cash generated after covering operational costs and capital expenditures. A good way to judge this is by calculating free cash flow yield. Similar to the earnings yield (inverse of P/E ratio), it measures free cash flow as a percentage of market capitalization. When comparing companies from different industries, it's wise to replace market cap with enterprise value, which takes into account differing capital structures. While there are definite exceptions, the strongest businesses tend to be those with high free cash flow and increasing shareholder equity.
Dividend Growth
Mentioned previously, dividends are an important component of a stock's total return. That goes double for large caps. Standard & Poor's has an exclusive club it calls the Dividend Aristocrats, a small group of companies that are part of the S&P 500 and have increased dividends for 25 consecutive years. Most of the businesses on the annual list are large caps. Interestingly, the top 10 companies on the S&P 500, all large caps, have historically accounted for half the total cash on the balance sheets of all 500 companies. Since cash is a vital component when paying dividends, investing in any one of those 10, while not a guarantee, is a good bet for obtaining annual dividends on a long-term basis. Furthermore, evidence suggests that companies that payout a greater portion of their earnings, in the form of dividends, end up generating higher earnings, which in turn generates even greater dividends. When evaluating large caps, it's advisable to seek out those companies whose dividends are large and getting larger. Growth is the key.
Reasonable Price
Every investor's definition of "reasonable" is different. Value investors tend to want to pay significantly less than a stock's intrinsic value. Growth investors will pay more than that in the belief that earnings will grow faster than average, creating a new, much higher intrinsic value. Those in the middle are "GARP" investors because they look for growth at a reasonable price. Whatever your philosophy is, it's also important to consider where large-cap stocks are in the current market cycle. Small caps have tended to outperform their larger brethren in recent years. Eventually, everything reverts to the mean. While it's important to determine what constitutes a reasonable price to pay for a stock, it's equally important to understand whether large caps, as a whole, are cheap, fairly priced or expensive. Once you've answered this question, simply identify those stocks that meet your criteria.
The Bottom Line
Often it's not so much a question of choosing one market cap over another, but, rather, how much to allocate to each. Investing in large-cap stocks is an excellent way to provide a core foundation upon which you build the remainder of your portfolio.
http://beta.finance.yahoo.com/news/valuing-large-cap-stocks-134535203.html
Europe crafts debt deal as banks take Greek losses
Note : HangSeng up (2.25%) 19,496.27 +429.73,(US Future at 144 uptrend at 15.21PM dd 27-10-11(Malaysian Time)bullish at the moment - DOW UP (1.39%) 162.42 (11,869.04)
BRUSSELS (AP) -- European leaders clinched a deal Thursday they hope will mark a turning point in their two-year debt crisis, agreeing after a night of tense negotiations to have banks take bigger losses on Greece's debts and to boost the region's weapons against the market turmoil.
After months of dawdling and half-baked solutions, the leaders had been under immense pressure to finalize their plan to prevent the crisis from pushing Europe and much of the developed world back into recession and to protect their currency union from unraveling.
The euro surged on the news of the full plan -- an early sign that investors may welcome it.
"We have reached an agreement, which I believe lets us give a credible and ambitious and overall response to the Greek crisis," French President Nicolas Sarkozy told reporters after the meeting broke Thursday morning. "Because of the complexity of the issues at stake, it took us a full night. But the results will be a source of huge relief worldwide."
The strategy unveiled after 10 hours of negotiations hit upon the three points expected for weeks. These include a significant reduction of Greece's debts, a shoring up of the continent's banks, partially so they could sustain losses on Greek bonds, and a reinforcement of a bailout fund so it can serve as a euro1 trillion ($1.39 trillion) firewall to prevent larger economies like Italy and Spain from being dragged into the crisis.
After several missed opportunities, the hashing out of a plan was a success for the eurozone, but the strategy's effectiveness will depend on the details, which will have to be finalized in the coming days and weeks.
"Will the sound of 1 trillion euros do the trick and 'wow' the markets or will the markets perceive this as smoke and mirrors?" Heather Conley, director of Europe program for the Center for Strategic and International Studies, asked before the official announcement of the plan. "If the past two years has told us anything, it never appears to be sufficient."
The most difficult piece of the puzzle proved to be Greece, whose debts, the leaders vowed, would fall to 120 percent of its GDP by 2020. Under current conditions, they would have ballooned to 180 percent.
To achieve the reduction, private creditors will be asked to accept 50 percent losses on the bonds they hold. The Institute of International Finance, which has been negotiating on behalf of the banks, said in a statement that it was committed to working out an agreement based on that "haircut," but the challenge now will be to ensure that all private bondholders fall in line.
It said the 50 percent cut equals a contribution of euro100 billion ($139 billion) to a second rescue for Greece, although the eurozone promised to spend some euro30 billion ($42 billion) on guaranteeing the remaining value of the new bonds.
The full program is expected to be finalized by early December and investors are supposed to swap their bonds in January, at which point Greece is likely to become the first euro country ever to be rated at default on its debt.
"We can claim that a new day has come for Greece, and not only for Greece but also for Europe," said Greek Prime Minister George Papandreou, whose country's troubles touched off the crisis two years ago. "Let's hope the worst is over."
Since May 2010, Greece has been surviving on rescue loans worth euro110 billion ($150 billion) from the 17 countries that use the euro and the International Monetary Fund since it can't afford to borrow money directly from markets.
In July, those creditors agreed to extend another euro109 billion -- but that plan was widely panned as not doing enough to right Greece's finances and wean it from the bailout.
Now, in addition to euro30 billion in bond guarantees, the eurozone leaders and IMF said they will give Greece euro100 billion in new loans.
With the banks being asked to shoulder more of the burden, though, there were concerns they needed more money in their rainy-day funds to cushion their losses. So European leaders have asked them to raise euro106 billion ($148 billion) by June.
The last piece in the complicated plan was to increase the firepower of the continent's bailout fund to ensure that other countries -- like Italy and Spain -- don't get dragged into the crisis. The third- and fourth-largest economies of the eurozone are too large to bail out.
To that end, the euro440 billion ($610 billion) European Financial Stability Facility will be used to insure part of the potential losses on the debt of wobbly eurozone countries like Italy and Spain, rendering its firepower equivalent to around euro1 trillion ($1.39 trillion).
That should have the effect of making those countries' bonds more attractive investments and thus lowering borrowing costs for their governments.
"These are exceptional measures for exceptional times. Europe must never find itself in this situation again," European Commission President Jose Manuel Barroso said after the meetings.
In addition to acting as a direct insurer of bond issues, the EFSF insurance scheme is also supposed to entice big institutional investors to contribute to a special fund that could be used to buy government bonds but also to help states recapitalize weak banks.
Such outside help may be necessary for Italy and Spain, whose banks were facing some of the biggest capital shortfalls.
Using the insurance promise, the eurozone also hopes to attract big institutional investors from outside the eurozone, such as sovereign wealth funds, to contribute to a separate fund that would back up the EFSF.
Sarkozy was due to speak to Chinese President Hu Jintao later Thursday. On Friday, the head of the EFSF Klaus Regling will travel to China, which has huge cash reserves, to detail the insurance set-up.
DiLorenzo contributed from Paris. Juergen Baetz and Geir Moulson in Berlin, and Raf Casert, Don Melvin and Robert Wielaard in Brussels, and Sylvie Corbet in Paris also contributed.
http://finance.yahoo.com/news/Europe-crafts-debt-deal-as-apf-249701896.html?x=0&sec=topStories&pos=main&asset=&ccode=""
BRUSSELS (AP) -- European leaders clinched a deal Thursday they hope will mark a turning point in their two-year debt crisis, agreeing after a night of tense negotiations to have banks take bigger losses on Greece's debts and to boost the region's weapons against the market turmoil.
After months of dawdling and half-baked solutions, the leaders had been under immense pressure to finalize their plan to prevent the crisis from pushing Europe and much of the developed world back into recession and to protect their currency union from unraveling.
The euro surged on the news of the full plan -- an early sign that investors may welcome it.
"We have reached an agreement, which I believe lets us give a credible and ambitious and overall response to the Greek crisis," French President Nicolas Sarkozy told reporters after the meeting broke Thursday morning. "Because of the complexity of the issues at stake, it took us a full night. But the results will be a source of huge relief worldwide."
The strategy unveiled after 10 hours of negotiations hit upon the three points expected for weeks. These include a significant reduction of Greece's debts, a shoring up of the continent's banks, partially so they could sustain losses on Greek bonds, and a reinforcement of a bailout fund so it can serve as a euro1 trillion ($1.39 trillion) firewall to prevent larger economies like Italy and Spain from being dragged into the crisis.
After several missed opportunities, the hashing out of a plan was a success for the eurozone, but the strategy's effectiveness will depend on the details, which will have to be finalized in the coming days and weeks.
"Will the sound of 1 trillion euros do the trick and 'wow' the markets or will the markets perceive this as smoke and mirrors?" Heather Conley, director of Europe program for the Center for Strategic and International Studies, asked before the official announcement of the plan. "If the past two years has told us anything, it never appears to be sufficient."
The most difficult piece of the puzzle proved to be Greece, whose debts, the leaders vowed, would fall to 120 percent of its GDP by 2020. Under current conditions, they would have ballooned to 180 percent.
To achieve the reduction, private creditors will be asked to accept 50 percent losses on the bonds they hold. The Institute of International Finance, which has been negotiating on behalf of the banks, said in a statement that it was committed to working out an agreement based on that "haircut," but the challenge now will be to ensure that all private bondholders fall in line.
It said the 50 percent cut equals a contribution of euro100 billion ($139 billion) to a second rescue for Greece, although the eurozone promised to spend some euro30 billion ($42 billion) on guaranteeing the remaining value of the new bonds.
The full program is expected to be finalized by early December and investors are supposed to swap their bonds in January, at which point Greece is likely to become the first euro country ever to be rated at default on its debt.
"We can claim that a new day has come for Greece, and not only for Greece but also for Europe," said Greek Prime Minister George Papandreou, whose country's troubles touched off the crisis two years ago. "Let's hope the worst is over."
Since May 2010, Greece has been surviving on rescue loans worth euro110 billion ($150 billion) from the 17 countries that use the euro and the International Monetary Fund since it can't afford to borrow money directly from markets.
In July, those creditors agreed to extend another euro109 billion -- but that plan was widely panned as not doing enough to right Greece's finances and wean it from the bailout.
Now, in addition to euro30 billion in bond guarantees, the eurozone leaders and IMF said they will give Greece euro100 billion in new loans.
With the banks being asked to shoulder more of the burden, though, there were concerns they needed more money in their rainy-day funds to cushion their losses. So European leaders have asked them to raise euro106 billion ($148 billion) by June.
The last piece in the complicated plan was to increase the firepower of the continent's bailout fund to ensure that other countries -- like Italy and Spain -- don't get dragged into the crisis. The third- and fourth-largest economies of the eurozone are too large to bail out.
To that end, the euro440 billion ($610 billion) European Financial Stability Facility will be used to insure part of the potential losses on the debt of wobbly eurozone countries like Italy and Spain, rendering its firepower equivalent to around euro1 trillion ($1.39 trillion).
That should have the effect of making those countries' bonds more attractive investments and thus lowering borrowing costs for their governments.
"These are exceptional measures for exceptional times. Europe must never find itself in this situation again," European Commission President Jose Manuel Barroso said after the meetings.
In addition to acting as a direct insurer of bond issues, the EFSF insurance scheme is also supposed to entice big institutional investors to contribute to a special fund that could be used to buy government bonds but also to help states recapitalize weak banks.
Such outside help may be necessary for Italy and Spain, whose banks were facing some of the biggest capital shortfalls.
Using the insurance promise, the eurozone also hopes to attract big institutional investors from outside the eurozone, such as sovereign wealth funds, to contribute to a separate fund that would back up the EFSF.
Sarkozy was due to speak to Chinese President Hu Jintao later Thursday. On Friday, the head of the EFSF Klaus Regling will travel to China, which has huge cash reserves, to detail the insurance set-up.
DiLorenzo contributed from Paris. Juergen Baetz and Geir Moulson in Berlin, and Raf Casert, Don Melvin and Robert Wielaard in Brussels, and Sylvie Corbet in Paris also contributed.
http://finance.yahoo.com/news/Europe-crafts-debt-deal-as-apf-249701896.html?x=0&sec=topStories&pos=main&asset=&ccode=""
Stocks end higher on reports of help for Europe
Stocks turn positive in afternoon trading after reports that China will buy European bonds ...
http://finance.yahoo.com/news/Stocks-end-higher-on-reports-apf-967181251.html?x=0&sec=topStories&pos=main&asset=&ccode="
http://finance.yahoo.com/news/Stocks-end-higher-on-reports-apf-967181251.html?x=0&sec=topStories&pos=main&asset=&ccode="
Monday, October 24, 2011
Germany sees EFSF above 1 trillion euros: report
By MarketWatch
FRANKFURT (MarketWatch) -- Germany expects the euro zone's bailout fund to see its firepower leveraged to more than 1 trillion euros ($1.39 trillion), the Associated Press reported Monday, citing German opposition leaders who attended a briefing with Chancellor Angela Merkel. The measure comes as the 17-member euro zone attempts to find a way to boost the 440 billion euro European Financial Stability Facility's lending ability in order to help prevent the region's debt crisis from overwhelming Italy and Spain. Frank-Walter Steinmeier, parliamentary leader of the opposition Social Democrats, said leverage could be achieved through a combination of measures, including having the fund insure a portion of possible losses or involving the participation of entities such as the International Monetary Fund ...
FRANKFURT (MarketWatch) -- Germany expects the euro zone's bailout fund to see its firepower leveraged to more than 1 trillion euros ($1.39 trillion), the Associated Press reported Monday, citing German opposition leaders who attended a briefing with Chancellor Angela Merkel. The measure comes as the 17-member euro zone attempts to find a way to boost the 440 billion euro European Financial Stability Facility's lending ability in order to help prevent the region's debt crisis from overwhelming Italy and Spain. Frank-Walter Steinmeier, parliamentary leader of the opposition Social Democrats, said leverage could be achieved through a combination of measures, including having the fund insure a portion of possible losses or involving the participation of entities such as the International Monetary Fund ...
Sunday, October 23, 2011
It's Your Money, Take Control !
BY ROBERT DEEL
Taking control in the management of your money in today’s world is perhaps one of the most important financial imperatives facing us all. This checklist should serve you well, and possibly keep you from becoming a victim of the market and false media information.
In my twenty-one years of trading experience I have found these rules to be an invaluable way of keeping me focused on the trade. Deel’s 15 Rules of Investology
1. TRADE WITH A PLAN
Set objectives before you ever buy. Define all outcomes—not only what
you will do when it goes right, but what you will do if you are wrong.
Determine the amount of capital you are willing to lose and conversely,
define when you will take profits. Letting the market take away your
profits by holding on to a losing trade is not a good strategy. Write out
a trading plan on paper and follow it. Do not become a causality of
emotionally involved buy or selling. Trade with a plan.
2. SCREEN YOUR TRADES
To select trading vehicles you must have a predefined method. Select a
method based on price momentum and trend. Don’t guess what the
future is going to be, trade the current trend direction. Your method must
consider your individual time frame and risk tolerance. Always address
liquidity, sector rotation, and technical factors when screening stocks.
3. ALWAYS LOOK AT A CHART
Never buy a stock without looking at a chart of the stock first. Look at
the one-year trading range. Ascertain where you currently are in the
trend and what that trend is. Also determine if the chart reflects a stock
split. Never trade against the trend. Buying and selling decisions are
technical in nature. Fundamentals will never tell when to buy or sell a
stock. Always look at a chart for entry and exit timing decisions.
4. STAY WITH A TREND
Your probabilities of success are far greater if you stay with a definable
market trend. Statistically, these trends provide better profit potential
with a lower amount of risk. A good rule of thumb is to watch a 50-day
exponential moving average of the close. This moving average represents
the intermediate trend of a stock. A 12-day exponential moving average
represents short-term trend. The use of these two moving averages
should yield excellent results in keeping you in the trend. If you perceive
the trend beginning to change, act accordingly by taking profits or plac-
ing stops to protect your capital and locking in a profit.
5. USE MONEY MANAGEMENT TECHNIQUES
Determine the probable dollar losses of your trading plan or investment
style based on your trading record for the current year. Then devise a
way to generate income through passive sources.
Cutting a loss quickly is the best money management you can have.
Too many times traders fall in love with stock, holding on as the stock
begins to decline. Never use a hedging strategy, such as options, to
justify holding on to a losing position.
The use of money market, bond, and stock dividend income to off-
set losses in your trading portfolio is an excellent technique.
Covered call options may be an appropriate way to generate income
for your portfolio to offset losses. Be careful here because you can write
covered calls into oblivion. If the stock is going against you, sell it.
If you are going to hold a trade overnight, never risk more than 3%
of your available capital. If you are going to day trade, an excellent rule
of thumb is to only risk 1% of your capital in any one trade.
6. BUY AND SELL ON CONFIDENCE
Many times you won’t feel quite right about a buy or sell decision.
If this feeling persists after you have done all your research and you have
followed the rules to this point, don’t take the trade. Too many times
individuals try to rationalize a decision. Don’t try to find a good reason
for making a bad decision. Your decision must be a confident one.
7. BUY ONLY LIQUID STOCKS AND LIQUID MARKETS
Stay with major markets and stocks with millions of shares in the float.
Make sure the average trading volume is enough for you to sell all of
your position on any given day. By following this rule you should be
assured of a reasonably good execution of your trade. Don’t buy stocks
trading at the lower end of the price range. Generally speaking, do not
buy stocks that don’t have good trend characteristics or predictability.
True professional traders avoid them and so should you.
8. DON’T BUY OR SELL ON HOT TIPS
More money has been lost on hot tips than is in the U.S. Treasury. While
this is an exaggeration, it does make the point clear. If someone tells you
about an investment or trade, research the recommendation before you
put your money into it. Most novice investors and traders fall victim to
tips every day. Please don’t fall for the story no matter how good it
sounds. Always use technical analysis to make your buy and sell deci-
sions, and buy or sell based on facts.
9. DO NOT DOLLAR COST AVERAGE
If your timing decision was wrong on an aggressive stock, don’t make
the problem worse by trying to buy a stock that is going lower. The prob-
ability is that you will only compound the loss. I call this technique
disaster cost averaging. Don’t buy a stock until the trend is evident.
Dollar cost averaging is good for your broker, but if you continue this
technique, the ‘broker’ you will become.
10. NO ONE WINS 100 % OF THE TIME
Many people enter the stock market focused only on the profits and do
not consider the losses. If you think for one minute you are going to
win one hundred percent of the time, you are wrong. Losing is just part
of the cost of doing business. Your goal is to make sure you control the
risk and not blindly put your money at risk, like a buy and hold
investor. You must come to the realization that you will never learn how
to win until you first learn how to lose. How you handle loss psycholog-
ically is truly the difference between an amateur and a professional.
Professional traders don’t react the same way as an amateur to loss.
When a professional trader loses, he or she simply says next.They don’t
take the loss personally.
11. ALWAYS USE STOPS
The proper use of stops will protect profits and limit your losses. Look at
stops as profit and loss insurance. When you enter a trade, you place a
stop to limit the loss in case the trade goes against you. When the trade
becomes profitable, you use them to lock in a profit.
Anyone who would argue against risk control by discouraging the
use of stops is a fool indeed. In effect they are saying you should put
your capital at unlimited risk. Does this make any sense to you? Of
course not, but that is exactly what a buy and hold investor does all the
time. Most investors do not use stops because they are afraid of being
stopped out. This is a psychological problem of not wanting to be
wrong, or having to admit to yourself you lost on a trade. It certainly
isn’t based on logic or strategy. Remember, always use stops if you are
carrying a trade over night.
12. I DON’T HAVE TIME
Make the time or suffer the consequences. If you are too busy to man-
age your money, maybe you’re too busy. Take a look at your portfolio
and if you lost half of your money without knowing it, you can congratu-
late yourself on being too busy. Was it worth it? Probably not. It doesn’t
make much sense to work yourself to death and have nothing to show
for it. You must take time to educate yourself and take control of your
future.
13. BE PATIENT AND LET TIME BE YOUR FRIEND
Making money safely takes time. The only time to hurry is when you’re in
trouble. Remember, “Everyday is not a trading day”. Only trade when
the sector, market, and the correlating stocks are in trend. Just because
you want to trade doesn’t mean you should. Only trade when the proba-
bilities are in your favor, and let the market come to you.
The market is going to do what it is going to do and what you want is
irrelevant. Don’t become addicted to the action. You are not an action
junky. You are a high probability trader. Profits are made the old fash-
ioned way, one trade at a time. Be patient and make time your friend
instead of your enemy.
14. LEARN FROM YOUR MISTAKES
The most successful traders and aggressive investors learn from their
mistakes. Many even go as far as writing down what went wrong and
analyzing the problem. Mistakes can be costly, so use them as learning
experiences and don’t make the same mistake twice.
Unfortunately a large number of people are doomed to make the
same mistakes over and over again. This behavior is usually a sign of
emotional reactions to price momentum and the absence of any well
thought out strategy. My father once told me that the best education
was to learn from the mistakes of others. Most people fail in the market
not because of technology or a lack of information, but because of
emotional reactions, and never learning from their mistakes and the
mistakes of others.
15. FOLLOW THE RULES
Some people are doomed to make the same mistakes over and over
again. Using this set of 16 trading rules, which has been compiled
from over 20 years of experience, should keep you from making many
common mistakes.
If you follow Deel’s Rules of Investology, you have a much better
chance of success than someone who doesn’t. Always remember, there
is never any guarantee of success. But if you are properly educated and
develop the correct mindset, you have a major advantage. Don’t
become one of the sheep led to the slaughter by media nonsense.
You must make your own fortune and control your financial destiny.
Always remember, it’s your money. Take control…and follow the rules
Therefore, you are The Investor, Trader or Gambler ?!
Taking control in the management of your money in today’s world is perhaps one of the most important financial imperatives facing us all. This checklist should serve you well, and possibly keep you from becoming a victim of the market and false media information.
In my twenty-one years of trading experience I have found these rules to be an invaluable way of keeping me focused on the trade. Deel’s 15 Rules of Investology
1. TRADE WITH A PLAN
Set objectives before you ever buy. Define all outcomes—not only what
you will do when it goes right, but what you will do if you are wrong.
Determine the amount of capital you are willing to lose and conversely,
define when you will take profits. Letting the market take away your
profits by holding on to a losing trade is not a good strategy. Write out
a trading plan on paper and follow it. Do not become a causality of
emotionally involved buy or selling. Trade with a plan.
2. SCREEN YOUR TRADES
To select trading vehicles you must have a predefined method. Select a
method based on price momentum and trend. Don’t guess what the
future is going to be, trade the current trend direction. Your method must
consider your individual time frame and risk tolerance. Always address
liquidity, sector rotation, and technical factors when screening stocks.
3. ALWAYS LOOK AT A CHART
Never buy a stock without looking at a chart of the stock first. Look at
the one-year trading range. Ascertain where you currently are in the
trend and what that trend is. Also determine if the chart reflects a stock
split. Never trade against the trend. Buying and selling decisions are
technical in nature. Fundamentals will never tell when to buy or sell a
stock. Always look at a chart for entry and exit timing decisions.
4. STAY WITH A TREND
Your probabilities of success are far greater if you stay with a definable
market trend. Statistically, these trends provide better profit potential
with a lower amount of risk. A good rule of thumb is to watch a 50-day
exponential moving average of the close. This moving average represents
the intermediate trend of a stock. A 12-day exponential moving average
represents short-term trend. The use of these two moving averages
should yield excellent results in keeping you in the trend. If you perceive
the trend beginning to change, act accordingly by taking profits or plac-
ing stops to protect your capital and locking in a profit.
5. USE MONEY MANAGEMENT TECHNIQUES
Determine the probable dollar losses of your trading plan or investment
style based on your trading record for the current year. Then devise a
way to generate income through passive sources.
Cutting a loss quickly is the best money management you can have.
Too many times traders fall in love with stock, holding on as the stock
begins to decline. Never use a hedging strategy, such as options, to
justify holding on to a losing position.
The use of money market, bond, and stock dividend income to off-
set losses in your trading portfolio is an excellent technique.
Covered call options may be an appropriate way to generate income
for your portfolio to offset losses. Be careful here because you can write
covered calls into oblivion. If the stock is going against you, sell it.
If you are going to hold a trade overnight, never risk more than 3%
of your available capital. If you are going to day trade, an excellent rule
of thumb is to only risk 1% of your capital in any one trade.
6. BUY AND SELL ON CONFIDENCE
Many times you won’t feel quite right about a buy or sell decision.
If this feeling persists after you have done all your research and you have
followed the rules to this point, don’t take the trade. Too many times
individuals try to rationalize a decision. Don’t try to find a good reason
for making a bad decision. Your decision must be a confident one.
7. BUY ONLY LIQUID STOCKS AND LIQUID MARKETS
Stay with major markets and stocks with millions of shares in the float.
Make sure the average trading volume is enough for you to sell all of
your position on any given day. By following this rule you should be
assured of a reasonably good execution of your trade. Don’t buy stocks
trading at the lower end of the price range. Generally speaking, do not
buy stocks that don’t have good trend characteristics or predictability.
True professional traders avoid them and so should you.
8. DON’T BUY OR SELL ON HOT TIPS
More money has been lost on hot tips than is in the U.S. Treasury. While
this is an exaggeration, it does make the point clear. If someone tells you
about an investment or trade, research the recommendation before you
put your money into it. Most novice investors and traders fall victim to
tips every day. Please don’t fall for the story no matter how good it
sounds. Always use technical analysis to make your buy and sell deci-
sions, and buy or sell based on facts.
9. DO NOT DOLLAR COST AVERAGE
If your timing decision was wrong on an aggressive stock, don’t make
the problem worse by trying to buy a stock that is going lower. The prob-
ability is that you will only compound the loss. I call this technique
disaster cost averaging. Don’t buy a stock until the trend is evident.
Dollar cost averaging is good for your broker, but if you continue this
technique, the ‘broker’ you will become.
10. NO ONE WINS 100 % OF THE TIME
Many people enter the stock market focused only on the profits and do
not consider the losses. If you think for one minute you are going to
win one hundred percent of the time, you are wrong. Losing is just part
of the cost of doing business. Your goal is to make sure you control the
risk and not blindly put your money at risk, like a buy and hold
investor. You must come to the realization that you will never learn how
to win until you first learn how to lose. How you handle loss psycholog-
ically is truly the difference between an amateur and a professional.
Professional traders don’t react the same way as an amateur to loss.
When a professional trader loses, he or she simply says next.They don’t
take the loss personally.
11. ALWAYS USE STOPS
The proper use of stops will protect profits and limit your losses. Look at
stops as profit and loss insurance. When you enter a trade, you place a
stop to limit the loss in case the trade goes against you. When the trade
becomes profitable, you use them to lock in a profit.
Anyone who would argue against risk control by discouraging the
use of stops is a fool indeed. In effect they are saying you should put
your capital at unlimited risk. Does this make any sense to you? Of
course not, but that is exactly what a buy and hold investor does all the
time. Most investors do not use stops because they are afraid of being
stopped out. This is a psychological problem of not wanting to be
wrong, or having to admit to yourself you lost on a trade. It certainly
isn’t based on logic or strategy. Remember, always use stops if you are
carrying a trade over night.
12. I DON’T HAVE TIME
Make the time or suffer the consequences. If you are too busy to man-
age your money, maybe you’re too busy. Take a look at your portfolio
and if you lost half of your money without knowing it, you can congratu-
late yourself on being too busy. Was it worth it? Probably not. It doesn’t
make much sense to work yourself to death and have nothing to show
for it. You must take time to educate yourself and take control of your
future.
13. BE PATIENT AND LET TIME BE YOUR FRIEND
Making money safely takes time. The only time to hurry is when you’re in
trouble. Remember, “Everyday is not a trading day”. Only trade when
the sector, market, and the correlating stocks are in trend. Just because
you want to trade doesn’t mean you should. Only trade when the proba-
bilities are in your favor, and let the market come to you.
The market is going to do what it is going to do and what you want is
irrelevant. Don’t become addicted to the action. You are not an action
junky. You are a high probability trader. Profits are made the old fash-
ioned way, one trade at a time. Be patient and make time your friend
instead of your enemy.
14. LEARN FROM YOUR MISTAKES
The most successful traders and aggressive investors learn from their
mistakes. Many even go as far as writing down what went wrong and
analyzing the problem. Mistakes can be costly, so use them as learning
experiences and don’t make the same mistake twice.
Unfortunately a large number of people are doomed to make the
same mistakes over and over again. This behavior is usually a sign of
emotional reactions to price momentum and the absence of any well
thought out strategy. My father once told me that the best education
was to learn from the mistakes of others. Most people fail in the market
not because of technology or a lack of information, but because of
emotional reactions, and never learning from their mistakes and the
mistakes of others.
15. FOLLOW THE RULES
Some people are doomed to make the same mistakes over and over
again. Using this set of 16 trading rules, which has been compiled
from over 20 years of experience, should keep you from making many
common mistakes.
If you follow Deel’s Rules of Investology, you have a much better
chance of success than someone who doesn’t. Always remember, there
is never any guarantee of success. But if you are properly educated and
develop the correct mindset, you have a major advantage. Don’t
become one of the sheep led to the slaughter by media nonsense.
You must make your own fortune and control your financial destiny.
Always remember, it’s your money. Take control…and follow the rules
Therefore, you are The Investor, Trader or Gambler ?!
Sunday, October 16, 2011
So ...What is Next !
Losing the Battle ...Winning the War !!!
Times are changing, so are the moods. The global economic situation today represents a giant python and all and sundry are just mere spectators waiting to see where it turns next and who it gobbles up as its next victim ...
So...What is Next !
Ayer ...http://youtu.be/ak4YJjkdFRY
Times are changing, so are the moods. The global economic situation today represents a giant python and all and sundry are just mere spectators waiting to see where it turns next and who it gobbles up as its next victim ...
So...What is Next !
Ayer ...http://youtu.be/ak4YJjkdFRY
Cheeky Quotes ...
Cheeky Quotes ...
I went to school, you know. I was in grammar school. Once we were taking a test. I was copying this other kid's paper, and I guess the teacher heard my Xerox machine. And she said, "Emo, am I stupid or were you cheating?" I said, "Ah, yes and no."
Emo Philips
I went to school, you know. I was in grammar school. Once we were taking a test. I was copying this other kid's paper, and I guess the teacher heard my Xerox machine. And she said, "Emo, am I stupid or were you cheating?" I said, "Ah, yes and no."
Emo Philips
Saturday, October 8, 2011
Ongoing Transformation ?
Focus on people in drive towards high income economy !
Budget 2012 highlights
http://thestar.com.my/news/story.asp?file=/2011/10/7/nation/20111007162147&sec=nation
Budget 2012 highlights
http://thestar.com.my/news/story.asp?file=/2011/10/7/nation/20111007162147&sec=nation
Monday, September 26, 2011
Are You Rock: Was equity trading a fun game ? Can I be a special...
Are You Rock: Was equity trading a fun game ? Can I be a special...: What are the common mistake and what should and shouldn't do during our trading ... 延伸閱讀：存股投資常犯4錯誤 雷浩斯說：「只要一開始挑對好股，用便宜的價格買進，滾個3年，你就會看到這方法...
Was equity trading a fun game ? Can I be a special guest ? Why you !
What are the common mistake and what should and shouldn't do during our trading ...
延伸閱讀：存股投資常犯4錯誤
雷浩斯說：「只要一開始挑對好股，用便宜的價格買進，滾個3年，你就會看到這方法的威力，並且愛上它！」只是，很多人還沒「滾」到第3年，因為累積效果不夠快，就半途而廢。也是過來人的雷浩斯，就用自己的經驗和心得提供以下建議：
1.見初期報酬不明顯就棄守
建議：資金分成長期持有、短線操作
剛開始用這方法投資，尤其是資金很少的人，可能一次只能買個1張，抱了半年至1年，可能只領個1、2,000元的股息，很沒激勵感和成就感，因此很容易被他人影響，例如一些短進短出獲利者的績效誘惑。此時，建議將資金分成兩部分：一部分長期持有、一部分短線操作。相信長久下來可以比較出哪邊績效比較好。
2.見到好價位一出現就全壓
建議：分3～5批買進，降低持股成本
雖然好股要便宜買，但很多人會有個習慣是，在股價跌破自己的成本價時，以為就是好價位，然後把手上的資金全投入。結果，在後來股價跌更低時，反而沒有銀彈可用。所以雷浩斯建議，可將專用來加碼的資金分3～5批買進，就能讓持股成本愈來愈低，以立於不敗之地。
3.領到配息先花掉就沒再投入
建議：可買零股或加錢買1張，先鎖住錢
在股票部位不到10張以前，領到的股息不足以再加買1張股票，很多人見錢小，多半就花掉，長期也就不會建立把股息再投入的習慣。其實要讓股息不被花掉，雷浩斯認為可用的方法很多，例如買零股、再加錢湊成買1張等，總之先「鎖」住錢的用途，不要把錢留在身邊，就不易花掉了。
http://smart.businessweekly.com.tw/webarticle.php?id=41363&p=5
A special guest today ... nice ... http://youtu.be/4DO8GsIYfhQ
延伸閱讀：存股投資常犯4錯誤
雷浩斯說：「只要一開始挑對好股，用便宜的價格買進，滾個3年，你就會看到這方法的威力，並且愛上它！」只是，很多人還沒「滾」到第3年，因為累積效果不夠快，就半途而廢。也是過來人的雷浩斯，就用自己的經驗和心得提供以下建議：
1.見初期報酬不明顯就棄守
建議：資金分成長期持有、短線操作
剛開始用這方法投資，尤其是資金很少的人，可能一次只能買個1張，抱了半年至1年，可能只領個1、2,000元的股息，很沒激勵感和成就感，因此很容易被他人影響，例如一些短進短出獲利者的績效誘惑。此時，建議將資金分成兩部分：一部分長期持有、一部分短線操作。相信長久下來可以比較出哪邊績效比較好。
2.見到好價位一出現就全壓
建議：分3～5批買進，降低持股成本
雖然好股要便宜買，但很多人會有個習慣是，在股價跌破自己的成本價時，以為就是好價位，然後把手上的資金全投入。結果，在後來股價跌更低時，反而沒有銀彈可用。所以雷浩斯建議，可將專用來加碼的資金分3～5批買進，就能讓持股成本愈來愈低，以立於不敗之地。
3.領到配息先花掉就沒再投入
建議：可買零股或加錢買1張，先鎖住錢
在股票部位不到10張以前，領到的股息不足以再加買1張股票，很多人見錢小，多半就花掉，長期也就不會建立把股息再投入的習慣。其實要讓股息不被花掉，雷浩斯認為可用的方法很多，例如買零股、再加錢湊成買1張等，總之先「鎖」住錢的用途，不要把錢留在身邊，就不易花掉了。
http://smart.businessweekly.com.tw/webarticle.php?id=41363&p=5
A special guest today ... nice ... http://youtu.be/4DO8GsIYfhQ
Wednesday, September 7, 2011
The Power Of Right Thought ! Never Say Never And How You Trade Like An Eagle ?
The Power Of Right Thought
Success is a science, the Science of Right Thinking. But the brain cells which have been shaped by the old thoughts of despondency and fear, cannot all at once be reformed.
There is no fate or destiny which puts one man down and another up. 'It is not in our stars, but in ourselves, that we are underlings.
The world belongs to him who can conquer it. Good things belong to those who can take them by force of purpose and tenacity of determination. There is no power which parcels out good things to a favored few, and gives you and me inferior things.
The man who has acquired the power of keeping his mind filled with the thoughts which uplift and encourage, the optimistic thought, the cheerful, hopeful thought, has solved one of the great riddles of life.
How To Trade Like An Eagle by Dr. Janice Dorn Trading Artitle ...
http://www.traderstruthrevealed.com/subscription/drjanicedorn/issue12.html
So ... Never Say Never ...
http://youtu.be/_Z5-P9v3F8w
Success is a science, the Science of Right Thinking. But the brain cells which have been shaped by the old thoughts of despondency and fear, cannot all at once be reformed.
There is no fate or destiny which puts one man down and another up. 'It is not in our stars, but in ourselves, that we are underlings.
The world belongs to him who can conquer it. Good things belong to those who can take them by force of purpose and tenacity of determination. There is no power which parcels out good things to a favored few, and gives you and me inferior things.
The man who has acquired the power of keeping his mind filled with the thoughts which uplift and encourage, the optimistic thought, the cheerful, hopeful thought, has solved one of the great riddles of life.
How To Trade Like An Eagle by Dr. Janice Dorn Trading Artitle ...
http://www.traderstruthrevealed.com/subscription/drjanicedorn/issue12.html
So ... Never Say Never ...
http://youtu.be/_Z5-P9v3F8w
Friday, August 26, 2011
How did I get into this, how do I get out of it again, and how does it work?...
Nice Article to share ...
How did I get into this, how do I get out of it again, and how does it work? By Dr. Janice Dorn Trading Articles...
Strategy without tactics is the slowest route to victory. Tactics without strategy are the noise before defeat… Sun Tzu
http://www.traderstruthrevealed.com/subscription/drjanicedorn/issue10.htmlHow to Free Your Mind ? Meditation , a good workout or perhaps have a nice dance ...cha cha..rumba and enjoy the nice song ...http://youtu.be/MyMrZV1I1EM
How did I get into this, how do I get out of it again, and how does it work? By Dr. Janice Dorn Trading Articles...
Strategy without tactics is the slowest route to victory. Tactics without strategy are the noise before defeat… Sun Tzu
http://www.traderstruthrevealed.com/subscription/drjanicedorn/issue10.htmlHow to Free Your Mind ? Meditation , a good workout or perhaps have a nice dance ...cha cha..rumba and enjoy the nice song ...http://youtu.be/MyMrZV1I1EM
Wednesday, August 24, 2011
Are You Rock ? How To Find The Market Bottom !
Are You Ready to Rock With The Current Market !
This was an interesting one ...
http://finance.yahoo.com/blogs/breakout/market-bottom-124246538.html%20?sec=topStories&pos=2&asset=&ccode=... hmmm they are even rock !
http://youtu.be/jcMXZjYqIog
Disclaimer : The information attached in this weblog was for own pleasure reading only
This was an interesting one ...
http://finance.yahoo.com/blogs/breakout/market-bottom-124246538.html%20?sec=topStories&pos=2&asset=&ccode=... hmmm they are even rock !
http://youtu.be/jcMXZjYqIog
Disclaimer : The information attached in this weblog was for own pleasure reading only
Sunday, July 3, 2011
Hard Rock Cafe - KL
I had a nice dinner at The Hard Rock Cafe KL last night, it was crowded with people having their nice drink, dinner, happy hours with lots of laughter, it seem that the night and happy time was just started with the cozy environment and i notice an Interesting word on the Hard Rock Cafe mineral bottle " The Harder The Better" !!!
Work it
Make it
Do it
Makes us
Harder
Better
Faster
Stronger
Work it harder, make it better
Do it faster, makes us stronger
More than ever, hour after
Hour work is, never over!
There are lots of hidden information in our life ! It depends on what we see, read and how we interpret it ...
and this was another amazing one ...
就算是Believe 中间也藏了一个lie， 就算是Friend最后还是免不了end， 就算是Lover最后还是会over， 就算是Forget也得先get， 就算是Wife心里也夹杂着if，就算impossible， 但还藏着possible, 如果现在unhappy,以后还会变happy。
and what do you see and read this 3+7=10 ... a perfect 10 ! How about this one ? ... 30% + 70% = 100% hmmm... it apply in our daily life, trading ... and so on...do we really have 100% perfect in life ?? How many Zero 00000000 we really want in life ??? hmmm... we got to learn to treasure, appreciate it when we cannot get the 100% of it !
I found this interesting youtube "Higher"by Taio Cruz ...enjoy with your headphone ya...[link]
Monday, June 6, 2011
Slurp
The first time i met him was at the Italian restaurant, he just sit quietly inside a transparent bottle, when the waiter introduce him to me ... his name was Mr Balsamic Vinegar ... a dip with magic taste which mix well with Olive oil ... taste it with the french bread, it was a bread dipping only ! If you’re bored of serving carrot and celery sticks to guests, why not try something different? Be the first of your friends to use a new bread dipping dish and you’re sure to start a new trend. Add an olive oil dipping dish and some herb dips to the mix, and you’ve got yourself a culinary winner.
Bread dipping is the new, healthy alternative to crackers and cheese which have been a staple, but often overused, appetizer. A tasty trend, filled with breads and flavored oils and sauces in the olive oil dipping dish will be an instant winner.
Balsamic Vinegar mix well with meat and fish too, i try it with the mixing of chilli, onion, mint leave and bit of lemon juice, it was a fantastic dip for deep fry fish ...yum yum ! you may read more about it from here ... [link]/
Bread dipping is the new, healthy alternative to crackers and cheese which have been a staple, but often overused, appetizer. A tasty trend, filled with breads and flavored oils and sauces in the olive oil dipping dish will be an instant winner.
Balsamic Vinegar mix well with meat and fish too, i try it with the mixing of chilli, onion, mint leave and bit of lemon juice, it was a fantastic dip for deep fry fish ...yum yum ! you may read more about it from here ... [link]/
Sunday, May 8, 2011
Miss Taxi Taxi Taxi .. ~.~
Biology = Lousy !
Geology = Sleepy !!
Oreology = Yummy !!! ?
Miss Taxi !
123 GO ... Anyway !
Do ko de mo ?
Anyway !!
De de sai mo ?
Anyway ! hmmm ...
[link]
Geology = Sleepy !!
Oreology = Yummy !!! ?
Miss Taxi !
123 GO ... Anyway !
Do ko de mo ?
Anyway !!
De de sai mo ?
Anyway ! hmmm ...
[link]
Tuesday, April 26, 2011
Food Trailer ?!
Food Trailer ?!
The food industry is not always about luxurious or fancy places. It's not always about where you go out to eat, but what you eat. This may be one of the principles of vendor food trailers, which give customers the chance of a delightful meal in an unusual location. The advantage of being outdoors is a reason to consider building a food vendor trailer.
Read more: How to Build a Vendor Food Trailer | eHow.com http://www.ehow.com/how_6497280_build-vendor-food-trailer.html#ixzz1KcfwCZak
The food industry is not always about luxurious or fancy places. It's not always about where you go out to eat, but what you eat. This may be one of the principles of vendor food trailers, which give customers the chance of a delightful meal in an unusual location. The advantage of being outdoors is a reason to consider building a food vendor trailer.
Read more: How to Build a Vendor Food Trailer | eHow.com http://www.ehow.com/how_6497280_build-vendor-food-trailer.html#ixzz1KcfwCZak
Sunday, March 27, 2011
tHinKing oUt oF tHe bOx !
tHinKing oUt oF tHe bOx !
What is Thinking Out of the Box?
Thinking out of the box is the mode of thought that dares to challenge conventional wisdom, ie it dares to question beliefs so deeply held by so many that they are considered almost sacred. Thinking out the box is an all too rare quality, but when applied it can bring revolutionary leaps in human progress. Even where the existing ways really are most appropriate, an "out of the box" critic can actually enhance their validity by forcing their proponents to justify them.
By contrast, thinking inside the box is following convention. doing what everyone else does just because that's the way it's always been done. Thinking in the box allows survival, but without innovation we cannot do much more than stand still and stagnate.
Why Think Out of the Box?
Do we survive or thrive? If it ain't broke don't fix it runs the old adage. But evolution is based on the continued improvement of that which already works. From the very earliest forms of life that gained a foothold in a barren universe progress has come from doing things different than how they'd been done before.
A common human tendency is to seek the acceptance and approval of our peers. Another is the desire to operate within our comfort zone. The first tendency means we tend to conform to popular opinion. Perhaps we feel safer in a crowd, are afraid of possible ridicule. Perhaps we once held contrary views, but have had these stifled by societal pressure. The second tendency means we simply accept what we are told because we are too lazy to think for ourselves. Add to those the conditioning to conform, be a good citizen etc etc etc...
And by following these tendencies we can survive the various trials of life. We can get a job, make enough to live, with perhaps enough left over for a yearly vacation. We'll certainly survive, but we'll be anonymous, and when our time on earth is finally done we'll leave behind nothing but the memories of a few loved ones.
By thinking out of the box we give ourselves the chance to go beyond this bare existence and begin to fulfill the true potential of our earthly incarnation. Not everyone can be a Da Vinci or Einstein, but we can all try to maximize our own particular potential. Given the most precious gift of incarnation that is surely our most basic duty.
How to Think Out of the Box
Firstly, don't get in a rut. Avoid the comfort zone. Push yourself. Accept, and actively seek out new challenges. Take chances. Avoid routines, or if you end up with one, change it for change's sake. If you usually drink coffee at breakfast, try a cup of tea instead. If you normally take route A, try route B, or C, once in a while.
Get into the habit of questioning and challenging established practice. Not all established practice is wrong, but where it is right, rising to a challenge will strengthen its claim to legitimacy.
Is there a different way of doing this/that? Or rather how many different ways can you think of? Allow yourself freedom to brainstorm on a frequent and regular basis. In brainstorming phase accept everything that comes into your head, don't censor yourself. The wilder the idea, the better. Of course, brainstorming needs to be followed by rationalization, but at a later time. Keep a note of all your ideas, even the initially rejected ones. You never know when they might be useful.
Thinking out of the box is hard. It uses more energy and creates more stress than simply going with flow. Very few can comfortably operate out of the box 100% of the time. If we can employ that faculty 10% of the time we are probably doing better than 90% of the population. It follows that we need to judge very carefully which situations are worth making that extra effort for. Most times it's fine to drift along on auto-pilot, saving our out of the box thinking for things that matter to us most.
All we can take from this world is experience, all else is illusion. We live each moment only once, so we might as well make the most of it. And we make the most of it not by accepting, but challenging accepted ways.
sssshHHh .... SssshhhH ... dOn'T tEll ....oH My God... OMG !!!
http://www.youtube.com/watch?v=1RnPB76mjxI
What is Thinking Out of the Box?
Thinking out of the box is the mode of thought that dares to challenge conventional wisdom, ie it dares to question beliefs so deeply held by so many that they are considered almost sacred. Thinking out the box is an all too rare quality, but when applied it can bring revolutionary leaps in human progress. Even where the existing ways really are most appropriate, an "out of the box" critic can actually enhance their validity by forcing their proponents to justify them.
By contrast, thinking inside the box is following convention. doing what everyone else does just because that's the way it's always been done. Thinking in the box allows survival, but without innovation we cannot do much more than stand still and stagnate.
Why Think Out of the Box?
Do we survive or thrive? If it ain't broke don't fix it runs the old adage. But evolution is based on the continued improvement of that which already works. From the very earliest forms of life that gained a foothold in a barren universe progress has come from doing things different than how they'd been done before.
A common human tendency is to seek the acceptance and approval of our peers. Another is the desire to operate within our comfort zone. The first tendency means we tend to conform to popular opinion. Perhaps we feel safer in a crowd, are afraid of possible ridicule. Perhaps we once held contrary views, but have had these stifled by societal pressure. The second tendency means we simply accept what we are told because we are too lazy to think for ourselves. Add to those the conditioning to conform, be a good citizen etc etc etc...
And by following these tendencies we can survive the various trials of life. We can get a job, make enough to live, with perhaps enough left over for a yearly vacation. We'll certainly survive, but we'll be anonymous, and when our time on earth is finally done we'll leave behind nothing but the memories of a few loved ones.
By thinking out of the box we give ourselves the chance to go beyond this bare existence and begin to fulfill the true potential of our earthly incarnation. Not everyone can be a Da Vinci or Einstein, but we can all try to maximize our own particular potential. Given the most precious gift of incarnation that is surely our most basic duty.
How to Think Out of the Box
Firstly, don't get in a rut. Avoid the comfort zone. Push yourself. Accept, and actively seek out new challenges. Take chances. Avoid routines, or if you end up with one, change it for change's sake. If you usually drink coffee at breakfast, try a cup of tea instead. If you normally take route A, try route B, or C, once in a while.
Get into the habit of questioning and challenging established practice. Not all established practice is wrong, but where it is right, rising to a challenge will strengthen its claim to legitimacy.
Is there a different way of doing this/that? Or rather how many different ways can you think of? Allow yourself freedom to brainstorm on a frequent and regular basis. In brainstorming phase accept everything that comes into your head, don't censor yourself. The wilder the idea, the better. Of course, brainstorming needs to be followed by rationalization, but at a later time. Keep a note of all your ideas, even the initially rejected ones. You never know when they might be useful.
Thinking out of the box is hard. It uses more energy and creates more stress than simply going with flow. Very few can comfortably operate out of the box 100% of the time. If we can employ that faculty 10% of the time we are probably doing better than 90% of the population. It follows that we need to judge very carefully which situations are worth making that extra effort for. Most times it's fine to drift along on auto-pilot, saving our out of the box thinking for things that matter to us most.
All we can take from this world is experience, all else is illusion. We live each moment only once, so we might as well make the most of it. And we make the most of it not by accepting, but challenging accepted ways.
sssshHHh .... SssshhhH ... dOn'T tEll ....oH My God... OMG !!!
http://www.youtube.com/watch?v=1RnPB76mjxI
Saturday, March 26, 2011
Earth Hour - Safe The Earth
Earth Hour - Safe The Earth !
26th March 2011 8.30pm to 9.30pm and go beyond ... Off The Light Now !
One Action One Change ... Our responsibilities to save the earth ... do it NOW !
http://www.earthhour.org/Homepage.aspx
26th March 2011 8.30pm to 9.30pm and go beyond ... Off The Light Now !
One Action One Change ... Our responsibilities to save the earth ... do it NOW !
http://www.earthhour.org/Homepage.aspx
Thursday, March 24, 2011
Guys like it ... girls love it !
Guys like it , girl love it ! The only tools he need ... scissors and creativity ...the results was amazing ..wondering what is that ?!
http://www.youtube.com/watch?v=3l5UA4DISvs
http://www.youtube.com/watch?v=3l5UA4DISvs
Monday, February 14, 2011
Now You Can Dance In The Chair !!!
Whao ! Now You Can Dance In The Chair !!!
Hmmm ...thinking of what to dedicate to your love one for valentine day ?
1) Chocolate ? No ! It melts ...
2) Flower ? No ! It will dies ....
3) Diamond ? No ! Its too expensive ....
Arrrrgh ...all boring stuff ! d{>.<}b ... oh dear ...how about this one ?
Now You Can Dance In The Chair !!! Opps! Sexyyyyyyyyyyyyy ! http://www.youtube.com/watch?v=qXKd7uuehlw
Hmmm ...thinking of what to dedicate to your love one for valentine day ?
1) Chocolate ? No ! It melts ...
2) Flower ? No ! It will dies ....
3) Diamond ? No ! Its too expensive ....
Arrrrgh ...all boring stuff ! d{>.<}b ... oh dear ...how about this one ?
Now You Can Dance In The Chair !!! Opps! Sexyyyyyyyyyyyyy ! http://www.youtube.com/watch?v=qXKd7uuehlw
Tuesday, February 8, 2011
Past, Present & Future
Past, Present & Future
Everyone of us have our past, present & future and what are yours ?
During my investment and trading journey, to become a professional trader was one of my goal, how i motivate myself was i love to read and follow the footstep of those good guru, i wish to share one of this nice article ... enjoy reading ...http://www.traderstruthrevealed.com/2011/02/past-present-futures/
Everyone of us have our past, present & future and what are yours ?
During my investment and trading journey, to become a professional trader was one of my goal, how i motivate myself was i love to read and follow the footstep of those good guru, i wish to share one of this nice article ... enjoy reading ...http://www.traderstruthrevealed.com/2011/02/past-present-futures/
Wednesday, February 2, 2011
Wishing all have a colourful Chinese New Year 2011
Wishing all have a colourful Chinese New Year 2011 ...
http://www.youtube.com/watch?v=VzEr-tu5Sik
http://www.youtube.com/watch?v=VzEr-tu5Sik
Saturday, January 1, 2011
1.1.11 A special day - Happy Birthday
1.1.11
A special day - Happy Birthday
A little quote of this special day ...
A Hug is a great gift,
One size fits all !
Anonymous ...
A special day - Happy Birthday
A little quote of this special day ...
A Hug is a great gift,
One size fits all !
Anonymous ...
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