Re: Markets in Meltdown
^ no money for me :(
Bachchon ko toffee khilao or tax return pe claim karlo!
Re: Markets in Meltdown
Markets stabilised today and made up for some lost ground.
Re: Markets in Meltdown
The insulation is as bad as thin sheet of paper......India's and China's booming economy is 80% based on US economy. India leading the service sector and China the manufacturing sector....if US consumers stop spending on services and goods, India and China will lose respectively.
India is more dependent on corporate spending than consumer spending though.
Re: Markets in Meltdown
I think he probably meant the software outsourcing.....
Re: Markets in Meltdown
yeah..and who is outsourcing software, consumers or corporations.
China has more varied services and products, if ppl are nto buyign products made in china, or products which use chinese components that is an immediate inventory and supply chain issue. sourcing decreases due to lean supply chains and the impact is fairly quick.
Indian call centers and software houses are a little different because by the time decrease in consumer spending starts hittign corporations and they start looking to cut capacity for service or spend on development projects it takes time.
Re: Markets in Meltdown
atleast zinosnist who rule US ...wanted to give some "lesson" to Bush on no attacking Iran...:)
Re: Markets in Meltdown
What? that doesn’t make any sense…
If zionist screws over the US like that then how will it get the aid it needs every year?
Hain jeeeee? ?? 
Re: Markets in Meltdown
Re: Markets in Meltdown
Rumours that the panic cut of 75 basis point was partly due to the rogue trade by Societe generale trader.
Re: Markets in Meltdown
Dow jones closed down 143 points. Watch out next week, the bear market is starting and it could be a very rough ride in the coming months.
Re: Markets in Meltdown
ehsan bhai…Alfered Hithcock ..from your country…has written…Synagogue of Satan..just read that…then you will get it..wht i am saying…
Re: Markets in Meltdown
Alright...My next call is Google.....I am buying them at 550-552 levels......Its current evaluation shd be atleast 582-590....I am going to wait for the markets uptrend though maybe the next interest cut later this week...Happy trading..and I again recesson is round the corner if not already in.
Re: Markets in Meltdown
U think its going to go down that much? Its at 565 or so right now.
Re: Markets in Meltdown
I have set my buy limit for 552, and I was expecting the market to fall this morning and it was priced at 555....but evidently the market is doing its bearish ups and downs. Currently priced at 558 still a good buy but I would rather wait it to fall for 552. Any which ways I am not to keen to spend my money on that pricey shares, My usual price range is $20-$100 shares.......Another call for quick money is MCD shares...they are currently priced at 51.......according to me its current value shd be atleast 56-58, and will shoot up if we have the next interest rate cut........I normally gamble on big stocks rather than penny or noname stocks because the if the market does a nose dive, I have more chances of recovering my money. All the best !
Re: Markets in Meltdown
Fed cut rates by another 50 points. The markets rose by over 100 points after the announcement but closed the day 37 points down. As I said earlier these panic measures are not going to work. It only ends up increasing anxiety in the market. 125 points cur in less than a fortnight is unprecedented. Watch out.
Re: Markets in Meltdown
when the market manipulators are done having all fools sell their stocks for ridiculous prices u will see the market go up.
There is no reason some of the stocks have gone down so much..nothing showing ppl will be buying less prescription medicine or less milk in the short term.
Re: Markets in Meltdown
Stock Can’t Hold Gains
Blue chips and tech stocks in New York went on a wild ride Wednesday after the Federal Reserve cut rates for the second time in two weeks, rising sharply before pulling back late and closing lower. The Dow Jones Industrial Average went from down 74 points before the Fed decision to up more than 201 until sellers came in and ended the rally. At the close, the Dow was down 37.47 points, or 0.3%, to 12,442.83.
The S&P 500 and the Nasdaq Composite were similarly erratic, and their initial post-Fed gains were wiped out by the time trading wrapped up. The S&P fell 6.49 points, or 0.48%, to 1355.81, and the Nasdaq lost 9.06 points, or 0.38%, to 2349.
Contributing to the downturn was news that Fitch Ratings downgraded bond insurer FGIC, taking its key triple-A insurer financial strength rating down to double-A. FGIC isn’t publicly traded, but competitors Ambac – downgraded by Fitch earlier this month – and MBIA plunged 16% and 12.6%, respectively, derailing the financial names.
After initially spiking on the Fed 50-basis-point rate cut, the NYSE Financial Sector Index pulled back and was lower by 1.1%. The Nasdaq Financial 100 Index also turned negative, falling 0.6%.
Several financial stocks that popped on the Fed rate cut announcement, including Citigroup , JPMorgan Chase and Lehman Brothers , ended the session in the red.
“There was some profit-taking on concerns of bond insurer downgrades, which put pressure on financials,” said Robert Pavlik, chief investment officer with Oaktree Asset Management. “It’s not surprising news. I don’t think these monoline insurers will go out of business, but they’re going to get pinched if they do get downgraded from their triple-A ratings.”
The decline in financials nearly turned market breadth to the negative side. On the New York Stock Exchange 4.34 billion shares changed hands, as advancers matched decliners. Volume on the Nasdaq reached 2.52 billion shares, with winners narrowly beating losers by an 8-to-7 margin.
Word of the ratings action erased what briefly had been a sizable move upward for the market. As had been widely expected, the Federal Open Market Committee, the Fed’s policymaking arm, decided to lower the fed funds target rate by 50 basis points to 3%, the lowest level since 2005. The discount rate was also cut by 50 basis points to 3.50%.
In the accompanying statement, the Fed said that “financial markets remain under considerable stress, and credit has tightened further for some businesses and households.” While inflation should moderate in the coming quarters, “it will be necessary to continue to monitor inflation developments carefully,” the statement warned. Downside risks to the economy remain, the Fed said.
The central bank has now lowered rates by 125 basis points over the past week, including an unscheduled rate decision to cut the fed funds rate by 75 basis points on Jan. 22. The Fed has now reduced interest rates by 225 basis points, or 2.25%, since its Sept. 18 meeting, in a bid to avoid a recession.
“We had a good rally between the last rate cut and this one, so investors are taking money off the table,” said Paul Nolte, director of investments with Hinsdale Associates. “With the Fed cutting rates by as much as they have in a small time frame, investors are wondering if they’re somehow missing something that the Fed hasn’t.”
U.S. Treasury prices tumbled following the Fed’s move, pushing yields higher. The 10-year note was losing 4/32 in price, yielding 3.70%. The 30-year bond was shedding 23/32 in price to yield 4.40%.
Economic data were also in focus following the Commerce Department’s advance read on fourth-quarter gross domestic product. The first of three readings on quarterly GDP showed a sharp decline to 0.6% from the third quarter’s 4.9% and was half of what economists anticipated. Using the data, GDP grew 2.2% last year, the slowest annual growth since 2002.
Providing something of an offset and adding to the mixed data on the economy was the ADP payrolls report, which showed that employment in the private sector jumped by 130,000 in January, much greater than expected. The data come ahead of the government’s own nonfarm payrolls report, which is expected to show a gain of 65,000 jobs when it is released later this week.
“ADP has proved itself horribly misleading several times over the past year but the fact remains that it is the best single advance indicator of payrolls,” said Shepherdson. “Accordingly, we are inclined to move up our estimate for the official headline number on Friday to 100,000 from 50,000.”
Investors were also shuffling through the latest earnings releases. Yahoo! was a notable decliner, sliding 8.5%. After the last close, the Internet search giant posted a fourth-quarter profit that dropped 23% from a year ago.
Yahoo! also offered full-year revenue guidance that disappointed shareholders, and the company also announced it will lay off as many as 1,000 workers as a cost-cutting measure. The stock was down $1.76 to close at $19.05.
Ahead of the open, Swiss bank UBS said it expects a record quarterly loss of $11.5 billion in the fourth quarter due to exposure from U.S. subprime mortgages totaling $14 billion. UBS lost 70 cents, or 1.6%, to $42.35.
Several components of the Dow were out with reports before the opening bell. Merck swung to a fourth-quarter loss due to charges stemming from litigation settlements over its Vioxx painkiller. Merck shed $1.54, or 3.2%, to $46.47.
Meanwhile, Boeing beat analysts’ earnings target for the fourth quarter. Although the company offered 2008 revenue guidance that was below current estimates, Boeing ended higher by $1.91, or 2.4%, at $82.87.
Altria , also a Dow component, traded higher after beating fourth-quarter earnings targets. The company also announced that it will spin off Philip Morris International unit on March 28. Altria rose 45 cents, or 0.6%, to $76.57.
Elsewhere on the earnings docket, Kellogg , UPS and Kraft Foods all reported declines in fourth-quarter earnings but matched their respective average estimate. Kellogg slid 1.2%, and Kraft lost 2.5%. UPS advanced 1.4%.
Eastman Kodak dropped 3.4% despite posting a jump in fourth-quarter earnings. Shares shed 70 cents to close at $19.75.
Crude futures pared gains following a bearish weekly inventory report from the Energy Department that showed oil stocks rose by 3.6 million barrels. Oil finished up 69 cents to $92.33 a barrel. Gold futures, meanwhile, shed $4.50 to $926.30 an ounce.
Overseas markets were uniformly lower. Japan’s Nikkei 225 eased 1%, and Hong Kong’s Hang Seng dropped 2.6%. Among European bourses, the Paris CAC 40 declined 1.2%, and London’s FTSE 100 slipped 0.5%.
http://www.thestreet.com/_htmlatb/markets/marketstory/10401103.html
Re: Markets in Meltdown
The see saw continues and Dow was down another 300 points, I don't see an end to the overall downward trend in the short term, so be careful.
Re: Markets in Meltdown
ppl made gains last week, and sell off ensued, wait for another strange uptrend as teh sheeple keep selling and fund managers buy wholesale, and then we will have the meltdown again.
Re: Markets in Meltdown
^ well that is typical of bear markets, ordinary people get burned while some professionals make money. With the massive growth of hedge funds in recent years the markets have become more volatile than before. The bottom line is what the fund valuations are going to show and my feeling is that it is not going to make pretty reading.