10th August 2011-MAX HAPPY BIRTHDAY!!!!

US STOCKS-Futures fall after snap-back rally

NEW YORK: U.S. stock index futures fell on Wednesday after a sharp snap-back rally in the last session and as investor fears about the economy and high levels of public debt looked set to generate more volatile trading.

Stocks zigzagged on Tuesday after the U.S. Federal Reserve promised to hold interest rates low for at least two years, before the S&P 500 index rallied 5 percent into the close. But the Fed's statement also underlined the struggling economy and was a reminder that markets would likely remain choppy in the near term.

"At this point of time, investors' heads are spinning," said Oliver Pursche, president at Gary Goldberg Financial Services in Suffern, New York.

"We anticipate further volatility," he said. "I even think we are going to retest the lows that were set on Monday."

Even with Tuesday's rally, the broad S&P 500 is down 14 percent from a peak at the end of April after falling precipitously over the last two weeks -- a period that saw an escalating financial crisis in Europe, political gridlock in Washington, and a downgrade of the U.S. credit rating.

S&P 500 futures lost 8.2 points and were below fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract. Dow Jones industrial average futures fell 103 points, and Nasdaq 100 futures dropped 18 points.

An increase in bullish sentiment last week, a contrarian indicator, suggests stocks may have further to fall, according to a weekly survey by research group Investors Intelligence. Bullish investors rose to 47.3 percent from 46.3 percent last week as many saw the market's plunge as an entry point.

Tokyo's Nikkei average closed up 1.1 percent on Wednesday. European stocks rose 0.8 percent after the previous session's rebound from a 20 percent dive over the last 2-1/2 weeks.

Gold rose, hovering just below a lifetime high around $1,778 an ounce struck in the previous session, but further gains could be capped by any rebound in equities.

In corporate news, HSBC Plc is selling its $30 billion U.S. credit card arm to Capital One Financial Corp for a premium of $2.6 billion, as Europe's top bank streamlines its mammoth operations.

A Reuters poll showed Wall Street economists see the odds of around one-in-three that the United States will slip back into recession.

On the earnings front, investors awaited results from Cisco Systems Inc, News Corp, Computer Sciences Corp and Macy's Inc. – Reuters

Wall St slumps nearly 2 pct at open

NEW YORK: U.S. stocks opened down nearly 2 percent on Wednesday following a sharp snap-back rally in the last session as investors' well-worn fears about the economy and high levels of public debt looked set to generate more volatile trading.

The Dow Jones industrial average was down 205.06 points, or 1.82 percent, at 11,034.71. The Standard & Poor's 500 Index was down 20.19 points, or 1.72 percent, at 1,152.34. The Nasdaq Composite Index was down 64.20 points, or 2.59 percent, at 2,418.32. - Reuters

This is scary !
Seems like really uncertain times ahead.

dj 10,845.42
-394.35 (-3.51%)
Real-time: 10:20AM EDT

hlk wrote:dj 10,845.42
-394.35 (-3.51%)
Real-time: 10:20AM EDT

[You must be registered and logged in to see this image.] no wander syndicate and big player all lari today

dj 10,828.28
-411.49 (-3.66%)
Real-time: 10:51AM EDT




-500 coming ?

dj 10,804.93
-434.84 (-3.87%)
Real-time: 10:53AM EDT

phoenix wrote:

hlk wrote:dj 10,845.42
-394.35 (-3.51%)
Real-time: 10:20AM EDT

[You must be registered and logged in to see this image.] no wander syndicate and big player all lari today

hope those comrades who overnite will escape w minor bruises ...

europe super RED !

haiz ... no eyes c liao ... goodnite all ...

hlk wrote:haiz ... no eyes c liao ... goodnite all ... [You must be registered and logged in to see this image.]

hlk sleeping well [You must be registered and logged in to see this image.]

good job report nt helping haih i go sleep too....tomorrow need to make some big money liao

dj 10,719.94
-519.83 (-4.62%)
Aug 10 - Close

K.Y. wrote:Haha... Hope he dont lose... Ya lor im planning to work there but Uk economy not very good and tax high. Actually my first choice is Singapore but its requirement too high, i cant qualified [You must be registered and logged in to see this image.] Ur advice is so good. OMG dj drop so much!!!!!

already holding 1k plus paper lost haih