Others   

DOW & STI

STI opens higher

 

Absolute EU Central Bank Governance Failure.

Credit Rating of EU members and EU banks should have been downgraded lOng lOng lOng lOng agO.

TiME tO start  ABSOLUTE  CASH  RATING

bUrn  CREDIT  RATINGS

 

Stocks recover from plunge

By Alexandra Twin, senior writerMay 25, 2010: 6:47 PM ET

NEW YORK (CNNMoney.com) -- Stocks erased most losses by the close Tuesday, with the Dow ending down just 22 points after having fallen close to 300 points earlier in the session, as worries about the global economy were tempered.

The Dow Jones industrial average (INDU) dropped 22 points, or 0.2%, recovering from larger losses earlier in the day. In the first hour of trading the Dow fell as much as 292 points to 9,774.48, the lowest level since Nov. 4.

The S&P 500 (SPX) was little changed and the Nasdaq (COMP) lost 2 points, or about 0.1%.

Stocks had been hit hard through the early afternoon, but began to recover late in the session, with investors nibbling at bank and select technology and consumer issues.

Bank stocks bounced after comments from Barney Frank that one of the more intensely disliked components of the Wall Street reform proposal could end up being cut from the final bill.

The House Financial Services Committee Chairman said that a provision of the Senate's version of the bill that requires banks to spin off their derivatives businesses goes too far. However, he said another provision that stops banks from wagering with their own money is likely to go through. The House and Senate are in the process of reconciling different versions of the bill.

Stocks have been sliding for most of the month on worries about how the European debt crisis will impact global growth. Meanwhile, the euro has been plunging. On Tuesday, the shared European currency briefly fell to levels just above a four-year low it hit earlier in the month. However, the euro cut its losses as U.S. stocks recovered.

"There's been very little news to cause investors to think the market is going to rally against the backdrop of global uncertainty," said Len Blum, managing director at Westwood Capital.

Greece's debt crisis sparked the initial worries about Europe that now encompass the other so-called PIIGS - Portugal, Italy, Ireland and Spain. Spain has been in the news most recently after the country's central bank had to take over a long-established savings bank last weekend.

"We're one international economy right now, and it would be hard for the U.S. to have meaningful growth if Europe is having a slowdown," Blum said.

But another analyst said that Europe's impact on the broad U.S. economy could be more limited than market participants seem to think.

"There's an element of herding and panic in the markets right now," said George Feiger, CEO at Contango Capital Advisors.

"But I don't think what's happening in Europe is as dramatic a problem for the U.S. economy as the stock market is suggesting," he said.

Feiger said that U.S. exports will be constricted as European growth slows and multinational companies will feel the impact of the weaker euro. However, he said that what happens in China and other emerging markets is more directly tied to U.S. growth than what happens in Europe.

The Chinese government has taken steps to slow growth to tamp down inflationary pressure, but demand for all kinds of products and natural resources from emerging markets is expected to stay strong over the next few years.

Volatility: The CBOE Volatility index, or the VIX (VIX), Wall Street's fear gauge, turned lower in the afternoon as stock selling eased and investors dipped back into select issues. The VIX fell nearly 10% to 34.61 after rising earlier in the afternoon.

But even the earlier advance was modest compared to a week ago when the stock selloff was more intense. Last Thursday the VIX jumped 30% to settle at a 14-month high of 45.48.

Correction: Stocks are also vulnerable in the aftermath of a big rally that propelled the Dow 71% between the March 2009 lows and highs hit in late April. In that same time period, the S&P 500 gained 80% and the Nasdaq gained 99%.

Since those rally highs, the Dow lost 10.2%, the S&P 500 slipped 11.8% and the Nasdaq dropped 12.5% through Monday's close.

A decline of more than 10% off the highs means the market has met the technical definition of a correction. The selling has also raised worries about whether stocks are heading into a bear market, technically a decline of 20% to 30% off the highs.

Europe: Markets in Europe tumbled on growing concerns about the debt crisis and how it might impact the global economy. Britain's FTSE 100 fell 2.5%, Germany's DAX lost 2.3% and France's CAC 40 slid 2.9%.

Euro/dollar: The euro lost 0.7% versus the dollar, falling to $1.2285. Earlier, the euro had dropped to within fractions of the four-year low of $1.2146 it hit earlier this month.

The dollar dropped 0.4% against the yen.

Asia: Asian markets were rattled by increased tension between North and South Korea, after reports said North Korean leader Kim Jong Il reportedly ordered the military to prepare for combat.

Japan's Nikkei fell 3.1% and Hong Kong's Hang Seng fell 3.5%. China's Shanghai Composite fell 1.9%.

Economy: Home prices fell in the first part of 2010, although they are up from a year ago, according to the Case-Shiller 20-city home price index. The index fell 3.2% in the first quarter from the fourth quarter of last year, although it gained 2% versus a year ago.

The index dipped 0.5% in March from February's levels, but rose 2.4% from a year ago.

The housing outlook has been mixed lately, with a report on Monday showing a spike in existing home sales in April on the back of a tax incentive that expired last month.

Consumer confidence rose in May, with a Conference Board index climbing to 63.3 from an downwardly revised 57.7 in April. Economists thought the index would climb to 58.3.

Commodities: U.S. light crude oil for July delivery fell $1.46 to settle at $68.75 a barrel on the New York Mercantile Exchange.

Washington focused on the BP (BP) oil spill in the Gulf with both the Senate and House of Representatives holding hearings. Lawmakers in the Senate argued about whether a cap on BP's liability for damages needs to be changed.

COMEX gold for June delivery rose $4 to $1,198 an ounce.

Bonds: Treasury prices rallied, lowering the yield on the 10-year note to 3.16% from 3.23% where it stood late Monday. Treasury prices and yields move in opposite directions.

Trading volume: Market breadth was negative. On the New York Stock Exchange, losers beat winners three to two on volume of 1.89 billion shares. On the Nasdaq, decliners topped advancers two to one on volume of 2.9 billion shares. 

 

F&N, Golden Agri, SembMar, Noble are in my radar.

 

It’s time to indulge as the Great Singapore Sale (including STI) is back! http://www.greatsingaporesale.com.sg/2010/HTML/home.html Join us for eight weeks of fabulous shopping from 28 May to 25 July 2010, and enjoy up to 70% discount on just about everything, everywhere. From the central shopping belt of Orchard Road and Marina Bay to the Southern Waterfront and suburbs, you’ll find fantastic value on fashion, watches, jewellery, electronics, toys and more!

tradersgx      ( Date: 23-May-2010 00:28) Posted: STI Constituent Stocks: As at 21st May'10 CapitaLand Limited P/E Ratio (TTM) 14.89 CapitaMall Trust P/E Ratio (TTM) --  City Developments Limited P/E Ratio (TTM) 15.07 ComfortDelGro Corporation Limited P/E Ratio (TTM) 13.70 Cosco Corporation (Singapore) Ltd P/E Ratio (TTM) 29.27  DBS Group Holdings Limited P/E Ratio (TTM) 15.25 Fraser and Neave Limited P/E Ratio (TTM) 11.30 Genting Singapore PLC P/E Ratio (TTM) -- Golden Agri-Resources Limited P/E Ratio (TTM) 6.45  Hongkong Land Holdings Limited P/E Ratio (TTM) 7.08 Jardine Cycle & Carriage Limited P/E Ratio (TTM) 11.42  Keppel Corporation Limited P/E Ratio (TTM) 8.25 Neptune Orient Lines Limited P/E Ratio (TTM) --  Noble Group Limited P/E Ratio (TTM) 11.30 Olam International Limited P/E Ratio (TTM) 16.00 Oversea-Chinese Banking Corporation Limited P/E Ratio (TTM) 13.33  Sembcorp Industries Ltd P/E Ratio (TTM) 9.88  Sembcorp Marine Limited P/E Ratio (TTM) 10.75  SIA Engineering Company Ltd P/E Ratio (TTM) 16.78  Singapore Airlines Ltd P/E Ratio (TTM) --  Singapore Exchange Ltd P/E Ratio (TTM) 24.21  Singapore Press Holdings Limited P/E Ratio (TTM) 12.45 Singapore Technologies Engineering Ltd P/E Ratio (TTM) 20.64 Singapore Telecommunications Limited P/E Ratio (TTM) 11.69  SMRT Corporation Ltd P/E Ratio (TTM) 17.68  StarHub Ltd P/E Ratio (TTM) 13.22 United Overseas Bank Limited P/E Ratio (TTM) 13.38 Wilmar International Limited P/E Ratio (TTM) 13.42  reuters

 

This site has great value too...

Somewhat like www.shareinvestor.com... 

hehehe...

 

 

STI Constituent Stocks: As at 21st May'10

CapitaLand Limited
P/E Ratio (TTM) 14.89

CapitaMall Trust
P/E Ratio (TTM) -- 

City Developments Limited
P/E Ratio (TTM) 15.07

ComfortDelGro Corporation Limited
P/E Ratio (TTM) 13.70

Cosco Corporation (Singapore) Ltd
P/E Ratio (TTM) 29.27 

DBS Group Holdings Limited
P/E Ratio (TTM) 15.25

Fraser and Neave Limited
P/E Ratio (TTM) 11.30

Genting Singapore PLC
P/E Ratio (TTM) --

Golden Agri-Resources Limited
P/E Ratio (TTM) 6.45 

Hongkong Land Holdings Limited
P/E Ratio (TTM) 7.08

Jardine Cycle & Carriage Limited
P/E Ratio (TTM) 11.42 

Keppel Corporation Limited
P/E Ratio (TTM) 8.25

Neptune Orient Lines Limited
P/E Ratio (TTM) -- 

Noble Group Limited
P/E Ratio (TTM) 11.30

Olam International Limited
P/E Ratio (TTM) 16.00

Oversea-Chinese Banking Corporation Limited
P/E Ratio (TTM) 13.33 

Sembcorp Industries Ltd
P/E Ratio (TTM) 9.88 

Sembcorp Marine Limited
P/E Ratio (TTM) 10.75 

SIA Engineering Company Ltd
P/E Ratio (TTM) 16.78 

Singapore Airlines Ltd
P/E Ratio (TTM) -- 

Singapore Exchange Ltd
P/E Ratio (TTM) 24.21 

Singapore Press Holdings Limited
P/E Ratio (TTM) 12.45

Singapore Technologies Engineering Ltd
P/E Ratio (TTM) 20.64

Singapore Telecommunications Limited
P/E Ratio (TTM) 11.69 

SMRT Corporation Ltd
P/E Ratio (TTM) 17.68 

StarHub Ltd
P/E Ratio (TTM) 13.22

United Overseas Bank Limited
P/E Ratio (TTM) 13.38

Wilmar International Limited
P/E Ratio (TTM) 13.42 

reuters

 

 

So, to Q to buy now? Hope to make great money?

illiusion, may be ah.

 

Hope DOW won't shoot up too fast, now +125 pionts, so coming Mon STI - oso Cheong up a lttle bit.

Don't let shortist have any execises to shoot it down

 

By CNNMoney.com staff - May 21, 2010: 10:00 AM ET

NEW YORK (CNNMoney.com) -- Stocks turned mixed Friday as worries about the global economy persisted, but the pace of selling eased after the previous session's battering that sent the market into correction territory.

The Dow Jones industrial average (INDU) lost 30 points or 0.3% after having fallen as much as 150 points in the first minutes of trading. The S&P 500 index (SPX) gained 3 points or 0.3% and the Nasdaq (COMP) composite gained 7 points or 0.3%. Both the S&P 500 and Nasdaq had posted losses in the first minutes of trading.

NVM about Euro liao. Dow - i thot can drop 500 pt, now dun even drop 50 pt. Coming Monday STI Green hope is brighten liao.

 

Stocks tumble as euro slumps

By Alexandra Twin, senior writerMay 18, 2010: 6:28 PM ET

NEW YORK  (CNNMoney.com) -- Stocks slumped Tuesday as the euro touched a fresh four-year low versus the dollar, keeping Europe's woes front and center and overshadowing better-than-expected earnings from big U.S. retailers.

The Dow Jones industrial average (INDU) lost 115 points, or 1.1%. The S&P 500 (SPX) index lost 16 points, or 1.4%. The Nasdaq composite (SPX) lost 37 points, or 1.6%.

Stocks had managed some early gains as investors focused on Home Depot and Wal-Mart Stores' earnings and an improved report on home construction. But the broader malaise that has afflicted the stock market soon returned.

The stock sell-off picked up steam in the afternoon as the euro flirted with and then fell below a four-year low hit on Monday.

"I think the euro issue has everyone unnerved now because they are worried it's the start of something bigger," said Tommy Williams, founder and president of Williams Financial Advisors. "But I think it's the tail-end of or aftermath of what we saw in 2008 rather than something new."

Williams said fears that European debt issues could spark a second recession are overblown as U.S. economic fundamentals remain positive.

Technology and financial shares led the declines Tuesday. Intel (INTC, Fortune 500), Cisco Systems (CSCO, Fortune 500), Hewlett-Packard (HPQ, Fortune 500) and Advanced Micro Devices (AMD, Fortune 500) were among the big losers. Bank of America (BAC, Fortune 500), Wells Fargo (WFC, Fortune 500) and a number of regional banks all declined, dragging down the KBW Bank (BKX) index by 3.7%.

The CBOE Volatility index, or the VIX (VIX), the market's fear gauge, spiked 7% to $33.24, its highest point in over a week.

Stocks ended with slight gains Monday after digging out of heavy losses accrued earlier in the day. Markets have been under pressure for several weeks amid worries about the European debt crisis, the deteriorating euro and the impact they may have on the global recovery.

World markets: Markets across the Atlantic rallied Tuesday, although the euro remained volatile.

The British FTSE 100 gained 0.9%, the German DAX gained 1.5% and the French CAC 40 gained 2.1%.

The dollar fell 0.2% versus the yen.

Asian markets ended higher, with the Hong Kong Hang Seng rising 1.2%, the Japanese Nikkei ending just above breakeven and the Shanghai Composite adding 1.4%.

Economy: A report on the housing market offered a mixed take on the health of the industry.

Housing starts rose 5.8% to a seasonally adjusted annualized rate of 672,000 in April from 635,000 in March. Economists surveyed by Briefing.com expected 655,000.

But building permits, a measure of builder confidence, fell 11.5% in April to a seasonally adjusted rate of 606,000 from 685,000 in March. Economists expected a rate of 680,000.

Another report showed that the Producer Price index (PPI), a key measure of wholesale inflation, fell 0.1% in April after rising 0.7% in March. The so-called Core PPI, which strips out volatile food and energy prices, rose 0.2% after rising 0.1% in March. Economists thought Core PPI would rise 0.1%.

Corporate profits: Dow retailers Home Depot (HD, Fortune 500) and Wal-Mart Stores (WMT, Fortune 500) both reported better-than-expected quarterly results.

Home Depot reported a 41% jump in fiscal first-quarter earnings thanks to strength in seasonal items and better profitability. The home improvement retailer also boosted its full-year earnings outlook. Shares lost 2.4%.

Wal-Mart Stores reported improved earnings from a year ago that beat estimates, but issued a second-quarter earnings forecast that was short of expectations. Separately, the company said it was cutting prices on a number of food and household products. Shares gained 1.9%.

Wal-Mart was the Dow's only gainer, with 29 of 30 Dow issues falling, led by tech and financial names.

Commodities: U.S. light crude oil for June delivery fell 67 cents to settle at $69.41 a barrel on the New York Mercantile Exchange.

COMEX gold for June delivery fell $13.50 to settle at $1,216.80 an ounce.

Bonds: Treasury prices rose, lowering the yield on the 10-year note to 3.39% from 3.47% late Monday. Treasury prices and yields move in opposite directions.

Market breadth was negative. On the New York Stock Exchange, losers beat winners by over three to one on volume of 1.53 billion shares. On the Nasdaq, decliners beat advancers nearly three to one on volume of 2.43 billion shares. 

 

click on the blue underline heading to read more......hope this  news is good for the markets...hehehe

lawcheemeng      ( Date: 18-May-2010 22:49) Posted: HOME NEWS EXCLUSIVE WORLDWIDE REGIONS MARKETS INDUSTRIES ECONOMY POLITICS LAW ENVIRONMENT SCIENCE OPINION SPEND SPORTS ARTS AND CULTURE EDITORS' VIDEO PICKS BLOOMBERG MARKETS MAGAZINE SPECIAL REPORT MARKET DATA STOCKS RATES & BONDS CURRENCIES MUTUAL FUNDS ETFs COMMODITIES ECONOMIC CALENDAR PERSONAL FINANCE JOHN DORFMAN PORTFOLIO TRACKER CALCULATORS FINANCIAL GLOSSARY TV and RADIO BLOOMBERG TELEVISION BLOOMBERG TELEVISION SYNDICATED REPORTS BLOOMBERG RADIO BLOOMBERG PODCASTS BLOOMBERG SHOWS CEO SPOTLIGHT CFO INSIGHT PORTFOLIO MATTERS MOBILE BUSINESSWEEK BUSINESS EXCHANGE Bloomberg InnovatorsTechnologyCurrenciesForex Trading VideosETFsLeadersCommodities Exclusive Worldwide Regions Markets Industries Economy Politics Law Environment Science Opinion Spend Sports Arts and Culture Editors' Video Picks Bloomberg Markets Magazine Special Report RESOURCES Bloomberg TV Bloomberg Radio Bloomberg Podcasts Bloomberg Press Find Bloomberg TV Worldwide Financial News Stocks Rally, Oil, Copper Rebound as Concerns Over European Debt Subside Global stocks rallied and copper and oil rebounded as European finance ministers said deficit-cutting measures won’t trigger another recession, while U.S. housing starts and earnings at Wal-Mart Stores Inc. topped estimates. The euro stabilized above a four-year low. Housing Starts in U.S. Rise More Than Estimated to Highest Level Since '08 Builders in April broke ground on more U.S. homes than anticipated as buyers took advantage of a tax credit before its expiration. European Ministers Vow to Avoid Continent-Wide Austerity Amid Debt Crisis European finance ministers vowed to avoid a continent-wide austerity drive in the wake of Greece’s debt crisis that would risk thrusting the economy back into a recession and further undercut the euro. Greek Bonds Climb After EU Transfers $18 Billion in First Bailout Payment Greek 10-year government bonds rose, snapping a three day decline, after the European Union lent the country 14.5 billion euros ($18 billion), assuaging concern it won’t be able to pay back investors.

 

Exclusive Worldwide Regions Markets Industries Economy Politics Law Environment Science Opinion Spend Sports Arts and Culture Editors' Video Picks Bloomberg Markets Magazine Special Report RESOURCES Bloomberg TV Bloomberg Radio Bloomberg Podcasts Bloomberg Press Find Bloomberg TV

Worldwide Financial News Stocks Rally, Oil, Copper Rebound as Concerns Over European Debt Subside Global stocks rallied and copper and oil rebounded as European finance ministers said deficit-cutting measures won’t trigger another recession, while U.S. housing starts and earnings at Wal-Mart Stores Inc. topped estimates. The euro stabilized above a four-year low. Housing Starts in U.S. Rise More Than Estimated to Highest Level Since '08 Builders in April broke ground on more U.S. homes than anticipated as buyers took advantage of a tax credit before its expiration. European Ministers Vow to Avoid Continent-Wide Austerity Amid Debt Crisis European finance ministers vowed to avoid a continent-wide austerity drive in the wake of Greece’s debt crisis that would risk thrusting the economy back into a recession and further undercut the euro. Greek Bonds Climb After EU Transfers $18 Billion in First Bailout Payment Greek 10-year government bonds rose, snapping a three day decline, after the European Union lent the country 14.5 billion euros ($18 billion), assuaging concern it won’t be able to pay back investors.

 

So bullish?

Hulumas      ( Date: 18-May-2010 10:02) Posted: All the illiquid or semi liquid, good fundamental strong recovery potential 2nd, 3rd linners and penny stocks. ( all of them about 38 counters). CAVEAT EMPTOR! 178investors      ( Date: 14-May-2010 22:53) Posted: looks like you waiting for the last burstout before the curtain falls not impossible if the bbs all pump at the same time while you take your chances b4 they dump the last hoorah btw, which 2nd, 3rd liners and pennies you refering to?

 

SO...DESKAH?

pharoah88      ( Date: 18-May-2010 18:50) Posted: In  2000 EUR1.00 = USD0.90

 

In  2000

EUR1.00 = USD0.90

 

All the illiquid or semi liquid, good fundamental strong recovery potential 2nd, 3rd linners and penny stocks. ( all of them about 38 counters). CAVEAT EMPTOR!

178investors      ( Date: 14-May-2010 22:53) Posted: looks like you waiting for the last burstout before the curtain falls not impossible if the bbs all pump at the same time while you take your chances b4 they dump the last hoorah btw, which 2nd, 3rd liners and pennies you refering to? Hulumas      ( Date: 14-May-2010 20:02) Posted: Throughout this month, I start accumulating 2nd, 3rd liners & Penny stocks!

 

today STI will behave 'kwai kwai'