Posted by Jeflin on September 3, 2008
The US dollar, inspired largely by plunging oil prices and growing pessimism over the economic health of the EU and the U.K, is going gangbusters of late.
It traded at $1.4455 Wednesday, a seven-month high against the euro.
Coupled with the US government’s release of 250,000 barrels of oil… Read the full article here.
Posted in Banking, Business, Economy, Oil, Properties, Stocks | Tagged: banks, Business, commodities, Dollar, Economy, housing market, mortgages, Oil, Properties, speculators, Stocks | Leave a Comment »
Posted by Jeflin on August 31, 2008
Wall Street suffered a bloody nose on Friday but investors can seek solace that US assets are looking attractive.
Certain events confirmed that hot funds are plumping for US assets and some momentum trading is underway. In a volatile investment climate, the most dangerous place may actually turn out to be the safest.
Read the full article here.
Posted in Business, Currency, Economy, Properties, Stocks | Tagged: BRIC, Business, Dollar, Economy, emerging nations, euro, greenback, investment, momentum trading, Properties, Stocks, US assets | Leave a Comment »
Posted by Jeflin on July 18, 2008
How long has it been since Wall Street posted consecutive gains? For nearly two weeks, we have seen a rebound only to be followed by more losses the following day.
Well, Wall Street broke out of their trance (posting more than 200 points gains in two sessions) but regional stock markets were still mixed in reaction.
Read the full article at http://jeflin.net
Posted in Banking, Currency, Economy, Oil, Stock Indices, Stocks | Tagged: AMD, Citigroup, Dollar, Dow Jones, Fannie Mae, Freddie Mac, Google, JP Morgan, Merrill Lynch, Microsoft, naked shorts, Oil, stock market, Stocks, Straits Times Index, Wall Street | 1 Comment »
Posted by Jeflin on June 27, 2008
The ST Index closed today at 2955.91, down by 25.04 points. Gainers/losers stand at 173/409 while 1.077 billion shares were traded.
No surprise for the red ink given that Dow Jones tumbled 358 points to close at 11,453.42 (its lowest finish since Sept. 11, 2006) due to record high oil prices and fresh troubles brewing in the financial, high-tech and automotive industries. S&P 500 slided 38.82 (about 3%) to 1,283.15 and Nasdaq composite fell 3.3% to 2,321.37.
Read the full article here.
Posted in Banking, Currency, Economy, Inflation, Oil, Stock Indices, Stocks | Tagged: Banking, Citigroup, Currency, Dollar, Dow Jones, Economy, Goldman Sachs, Oil, ST Index, stock market, Stocks | 1 Comment »
Posted by Jeflin on June 19, 2008
Since opening this Monday, the bulls have taken flight at Dow Jones and the index is descending steadily towards March lows of 11850.
As I mentioned before, if investors can or are willing to hold the fort here, we can look forward to a sustained upswing for the next week or so, barring unforeseen disasters.
Read the full article at http://jeflin.net
Posted in Currency, Economy, Inflation, Oil, Stock Indices, Stocks | Tagged: bulls, China, commodity, Dollar, Dow Jones, General Motors, Hong Kong, Oil, rate cuts, Shanghai, ST Index, Stocks, support level, Wall Street | 2 Comments »
