Posted by Jeflin on August 5, 2008
The Straits Time Index was down 15.57 points to close at 2860.51 Tuesday, a relatively muted response (fortunately) amid regional markets turbulence.
The stock market desperately needs a stimulus and what better than to see Dow Jones rallying by 331 points, reversing 3 consecutive loss sessions.
I expect stocks on the SGX to rally today and UOB gave me a pleasant surprise. Read the full article here.
Posted in Alternative Energy, Banking, Business, Economy, Inflation, Oil, Stock Indices, Stocks | Tagged: Banking, Business, Economy, Federal Reserve, financial firms, Inflation, investments, investors, Oil, profits, Stocks, UOB | 1 Comment »
Posted by Jeflin on July 12, 2008
It was a punitive end to a roller-coaster week. Dow Jones breached 11000 (a first time low in nearly two years) but pulled back to end at 11,100.54, losing 128 points. Standard & Poor’s 500 index lost 1.1% while Nasdaq composite shed 0.8% to remain above March lows.
Read the full article at http://jeflin.net
Posted in Banking, Stock Indices, Stocks | Tagged: Citigroup, Dow Jones, Fannie Mae, Federal Reserve, Freddie Mac, General Electric, insolvency, Lehman Brothers, Nasdaq, Standard & Poor | 1 Comment »
Posted by Jeflin on July 9, 2008
Yesterday, we enjoyed a joke about Alan Greenspan but I am going to adopt a more serious tone in this post.
My esteemed impression of Alan Greenspan, who once had the world cavorting and clinging on to his every word, took a dip after reading this book, “Greenspan’s Fraud: How Two Decades of His Policies Have Undermined the Global Economy.” The truth is disturbingly harsh.
Read the full article at http://jeflin.net
Posted in Banking, Economy, Inflation, Stock Volume | Tagged: Alan Greenspan, America, economic mess, Economy, Federal Reserve, minimum wages, Social Security, unemployment | 1 Comment »
Posted by Jeflin on July 8, 2008
Tongue in cheek…
Don’t you just miss the “good old days” of former Federal Chief, Alan Greenspan?
Look at how Bernanke is struggling to prop the economy and handle inflation. Things were much simpler during Greenspan’s days.
Read the full article at http://jeflin.net
Posted in Banking, Economy, Inflation | Tagged: Alan Greenspan, Banking, Bernanke, Economy, Federal Reserve, fraud, Inflation, money printing machines | 2 Comments »
Posted by Jeflin on July 1, 2008
We all know the catch-22 situation facing the Federal Reserve… stagflation . A stagnant economy coupled with rocketing inflation.
At the rate oil is increasing, we can expect our daily products to double in prices within the next 2-3 years.
Read the full article at http://jeflin.net
Posted in Banking, Economy, Inflation, Oil, Stocks | Tagged: credit crunch, Economy, Federal Reserve, housing crisis, Inflation, oil speculators, stagflation, stock market, Stocks, US Dollar | Leave a Comment »
Posted by Jeflin on June 23, 2008
Since Wall Street shed 220 points to end at 11842.69 last Friday (a three-month low sparked by fears about credit market and inflation), I expected the sell-offs to spillover to Asian stock markets.
Indeed, regional bourses (Nikkei, Hang Seng, Shanghai, etc) were not spared from the destruction. The ST Index fell 22.66 points to close at 2979.15 on a sagging volume of 1.056 billion. Gainers/Losers stand at 177/337.
Read the full article here.
Posted in Economy, Oil, Stocks | Tagged: Dow Jones, Federal Reserve, gainers, Hang Seng, investors, losers, Nasdaq, Nikkei, S&P 500, Shanghai, ST Index, stock market, Stocks, Wall Street | 2 Comments »
Posted by Jeflin on June 5, 2008
Bull vs Bear battle rages on in the Singapore stock exchange. The Straits Times Index increased by a mere 9.09 points to 3143.89. Trading volume was weak at 1002.7 million. Gainers/Losers stood at 234/268.
To me, such a market performance is poor especially when we consider a multitude of positive news for the US economy.
Read the full article at http://jeflin.net
Posted in Banking, Economy, Entrecard, Inflation, Oil, Stocks | Tagged: banks, bear, bull, depression, Federal Reserve, Inflation, Oil, SGX, stock exchange, stock market, Stocks | 1 Comment »
Posted by Jeflin on June 3, 2008
The red ink continues for the second straight day on the Dow Jones, even the sprightly oil sector was not spared.
Oil prices was hit by a strengthening dollar after the Fed chairman, Bernanke said the economy remains under pressure, but he is unlikely to cut interest rates again soon.
Read the full article at http://jeflin.net
Posted in Banking, Economy, Oil, Stocks | Tagged: automobile, Banking, Dow Jones, Economy, Federal Reserve, General Motors, Inflation, Lehman Brothers, Oil, Stocks | 3 Comments »
