robster970
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A new high tomorrow and then a friday style sell-off to find value around 1265 I reckon. Hopefully the selling will push it onto 1260 
Atilla
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A new high tomorrow and then a friday style sell-off to find value around 1265 I reckon. Hopefully the selling will push it onto 1260
Let's hope so.
Hoping I get somefink usually gets me nought :cheesy:
wackypete2
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Atilla
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I did call it in post #810
Howsabout that then? Just need it to deflate somewhat...
Should do as bonus time still some way off.
On a sad note - a number of staff have been released; contract and perms. Not a good day today. Felt very sad and sorry for them. Eerrie silence fell onto the trading floor.
However this is a regular feature of the finance industry and the culling will be followed by new intake of fresh graduate blood probably at half the cost.
Look good in employment statistics too as the numbers fall off the unemployed list.
Not sure if we have seen the end of culling but I'll keep you guys posted.
DonStar
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A new high tomorrow and then a friday style sell-off to find value around 1265 I reckon. Hopefully the selling will push it onto 1260
Actually, I like this prediction...
robster970
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It's shaping up to be a non-trend kind of day and I'd be suprised if cash broke 1270 tbh being the main POC for yesterday.
Pat494
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Looks like it's probably between you and me Pat, unless I've missed anyone. But I'm kinda hoping you win as I'll make more actual money that way this week
Yup looking good.
Glad to see you in the points m8.
Pat494
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For Week Ending Friday 28th October at 1285.1
Name...........Call.........Points.......Direction .......Podium ...……Total
Atilla.............1262..........7................ 1... ..............0..........8
DonStar.........1260...........6................1. ........ ........0..........7
dpinpon.........1270..........5.................1. ... .............1..........7
Pat494……….….1287….….....3.......…....…..1………... ......….3……...….7
LuKOs.ro.......1265...........4................1. .... ............0..........5
dc2000...........0000.........3................0.. ... .............0...........3
wackypete2.....1195.........3................0.... .. ............0............3
Isatrader.........1272........0................1.. . ..............2..............3
Av................1250.........2................1. .................0..............3
Wt av............1256.........2................1..... . ...........0..............3
Gaffs1964.......1168.........1................0... . .............0.............1
robster970.......1260.........0...............1... . .............0..............1
Atilla still leads but closely followed. Glad to see everyone in the points now
:clap:
Name...........Call.........Points.......Direction .......Podium ...……Total
Atilla.............1262..........7................ 1... ..............0..........8
DonStar.........1260...........6................1. ........ ........0..........7
dpinpon.........1270..........5.................1. ... .............1..........7
Pat494……….….1287….….....3.......…....…..1………... ......….3……...….7
LuKOs.ro.......1265...........4................1. .... ............0..........5
dc2000...........0000.........3................0.. ... .............0...........3
wackypete2.....1195.........3................0.... .. ............0............3
Isatrader.........1272........0................1.. . ..............2..............3
Av................1250.........2................1. .................0..............3
Wt av............1256.........2................1..... . ...........0..............3
Gaffs1964.......1168.........1................0... . .............0.............1
robster970.......1260.........0...............1... . .............0..............1
Atilla still leads but closely followed. Glad to see everyone in the points now
:clap:
Pat494
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U.S. Stocks Advance, S&P 500 Index Heads for Best Monthly Gain Since 1974
By Kaitlyn Kiernan and Nikolaj Gammeltoft - Oct 29, 2011 5:01 AM GMT+0100
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U.S. stocks rose this week, driving the Standard & Poor’s 500 Index toward the biggest monthly gain since 1974, after European leaders agreed to expand the region’s bailout fund and American economic growth accelerated.
Bank of America Corp. (BAC), Alcoa Inc. (AA) and Caterpillar Inc. (CAT) jumped at least 10 percent to lead Dow Jones Industrial Average (INDU) gains. Raw-material and financial shares led an advance by all 10 industries in the S&P 500, adding more than 6.9 percent. Advanced Micro Devices Inc. (AMD) rose 26 percent after profit beat estimates. Hewlett-Packard Co. (HPQ) advanced 10 percent after abandoning plans to spin off its personal-computer business.
The S&P 500 rose 3.8 percent to 1,285.09, the highest since Aug. 1. It has rallied four straight weeks, the longest streak since January, and added 14 percent in October. The Dow gained 422.32 points, or 3.6 percent, to 12,231.11 this week.
“The crisis atmosphere has lessened,” Nick Sargen, chief investment officer at Fort Washington Investment Advisors in Cincinnati, which oversees more than $38 billion, said in a telephone interview. “European policy makers have bought more time,” he said. “It’s not a permanent solution, but it limits the immediate risk to the market.”
Stocks gained after the European rescue fund was boosted to 1 trillion euros ($1.4 trillion) and investors agreed to a voluntary writedown of 50 percent on Greek debt. The S&P 500 had fallen five consecutive months, driven lower by concern the debt crisis would curb global growth, before starting to rebound on Oct. 3. The stock index recovered as better-than-estimated U.S. reports pushed the Citigroup Economic Surprise Index above zero for the first time since April.
Expanding Economy
Equities also climbed after the U.S. economy expanded in the third quarter at the fastest pace in a year, as gains in consumer spending and business investment helped support a recovery on the brink of faltering. Separate data showed that consumer confidence unexpectedly rose in October, while fewer Americans filed for unemployment assistance last week.
Companies most-tied to the economy gained as the Morgan Stanley Cyclical Index advanced 7 percent to its highest level since Aug. 3. Goodyear Tire & Rubber Co. (GT), largest U.S. tiremaker, added 14 percent to $14.84. Ingersoll-Rand Plc (IR), the maker of Trane air conditioners, increased 16 percent to $32.34 in the biggest weekly rally since July 2009.
Caterpillar increased 11 percent to $96.85, its highest level since Aug. 2. The world’s largest construction and mining- equipment maker posted higher-than-expected third-quarter profit and sales and said 2012 revenue will gain as the U.S. and global economies improve.
Corporate Earnings
This week, 189 companies in the S&P 500 reported quarterly results. About three quarters of the companies that reported earnings since Oct. 11 beat analysts’ projections, according to Bloomberg data. Earnings have surpassed estimates by an average 5.8 percent.
Advanced Micro Devices advanced 26 percent, the biggest gain in almost two years, to $5.94. The second-largest maker of processors for personal computers reported third-quarter earnings excluding some items that beat analyst estimates by 52 percent. The company also forecast fourth-quarter sales that may top some analysts’ estimates on strong demand for laptops in emerging markets.
Akamai Technologies Inc. (AKAM) jumped 19 percent to $28.29. The operator of a server network that lets businesses speed data delivery forecast fourth-quarter sales of $303 million to $315 million, compared with the average analyst estimate of $310.9 million in a Bloomberg survey.
Dreamliner Delivery
Boeing Co. (BA) gained 5.5 percent to $68.17. Its profit topped estimates for the quarter when it delivered the first 787 Dreamliner and said the new model’s production costs will be spread over 1,100 planes, matching analysts’ projections.
Third-quarter corporate earnings “show things aren’t as bad as the market thought,” Terry Morris, who manages $2.2 billion at National Penn Investors Trust Co. in Wyomissing, Pennsylvania, said in a phone interview. “Maybe things will be kind of quiet in Europe now and we can get back to fundamentals.”
Financial shares in the S&P 500 rose 7 percent, the biggest advance since July 2010, as 76 of 81 companies rose. Morgan Stanley (MS) soared 13 percent to $19.31. JPMorgan Chase & Co. (JPM) jumped 9.8 percent, the most since July 2009, to $36.69. Bank of America, which has dropped 45 percent this year for the worst performance in the Dow, surged 14 percent to $7.35.
Biggest Rally
Raw-material producers gained 7.9 percent, the most among 10 industry groups in the S&P 500, after a report from HSBC Holdings Plc and Markit Economics showed China’s manufacturing may end the longest contraction since 2009. The report, along with Japanese data showing exports exceeded economists’ forecasts, signaled that Asia’s two largest economies are withstanding Europe’s sovereign debt crisis.
Cliffs Natural Resources Inc. (CLF), North America’s largest iron-ore producer, advanced 21 percent to $72.81. Freeport- McMoRan Copper & Gold Inc. gained 17 percent to $42.80 as copper futures posted the biggest weekly gain since at least 1988. Alcoa, the largest U.S. aluminum producer, jumped 13 percent to $11.57.
Hewlett-Packard gained 10 percent to $27.94, the highest price since Aug. 18. Chief Executive Officer Meg Whitman abandoned plans to spin off its market-leading personal-computer unit, taking a step toward unwinding the moves that led to her predecessor’s ouster.
Netflix Drops
Netflix Inc. (NFLX) plunged 28 percent, the biggest decline since 2004, to $84.14. The online-video service said it lost 800,000 U.S. subscribers in the third quarter, more than expected, and predicted more cancellations because of a price increase.
Tobias Levkovich, a New York-based U.S. equity strategist at Citigroup Inc., said the S&P 500 will extend gains through the end of the year. He estimates the index will end 2011 at 1,325, a 3.1 percent gain from yesterday’s close.
“We’re not off to the races into a new bull market, but we are going to trade to the upside,” Levkovich said in an interview on Bloomberg Radio’s “Bloomberg Surveillance” with Ken Prewitt and Tom Keene. “Valuations look pretty attractive, earnings expectations are starting to get more realistic and credit conditions have been fairly reasonable.”
To contact the reporters on this story: Kaitlyn Kiernan in New York at [email protected]; Nikolaj Gammeltoft in New York at [email protected].
To contact the editor responsible for this story: Nick Baker at [email protected].
By Kaitlyn Kiernan and Nikolaj Gammeltoft - Oct 29, 2011 5:01 AM GMT+0100
.
More
...
U.S. stocks rose this week, driving the Standard & Poor’s 500 Index toward the biggest monthly gain since 1974, after European leaders agreed to expand the region’s bailout fund and American economic growth accelerated.
Bank of America Corp. (BAC), Alcoa Inc. (AA) and Caterpillar Inc. (CAT) jumped at least 10 percent to lead Dow Jones Industrial Average (INDU) gains. Raw-material and financial shares led an advance by all 10 industries in the S&P 500, adding more than 6.9 percent. Advanced Micro Devices Inc. (AMD) rose 26 percent after profit beat estimates. Hewlett-Packard Co. (HPQ) advanced 10 percent after abandoning plans to spin off its personal-computer business.
The S&P 500 rose 3.8 percent to 1,285.09, the highest since Aug. 1. It has rallied four straight weeks, the longest streak since January, and added 14 percent in October. The Dow gained 422.32 points, or 3.6 percent, to 12,231.11 this week.
“The crisis atmosphere has lessened,” Nick Sargen, chief investment officer at Fort Washington Investment Advisors in Cincinnati, which oversees more than $38 billion, said in a telephone interview. “European policy makers have bought more time,” he said. “It’s not a permanent solution, but it limits the immediate risk to the market.”
Stocks gained after the European rescue fund was boosted to 1 trillion euros ($1.4 trillion) and investors agreed to a voluntary writedown of 50 percent on Greek debt. The S&P 500 had fallen five consecutive months, driven lower by concern the debt crisis would curb global growth, before starting to rebound on Oct. 3. The stock index recovered as better-than-estimated U.S. reports pushed the Citigroup Economic Surprise Index above zero for the first time since April.
Expanding Economy
Equities also climbed after the U.S. economy expanded in the third quarter at the fastest pace in a year, as gains in consumer spending and business investment helped support a recovery on the brink of faltering. Separate data showed that consumer confidence unexpectedly rose in October, while fewer Americans filed for unemployment assistance last week.
Companies most-tied to the economy gained as the Morgan Stanley Cyclical Index advanced 7 percent to its highest level since Aug. 3. Goodyear Tire & Rubber Co. (GT), largest U.S. tiremaker, added 14 percent to $14.84. Ingersoll-Rand Plc (IR), the maker of Trane air conditioners, increased 16 percent to $32.34 in the biggest weekly rally since July 2009.
Caterpillar increased 11 percent to $96.85, its highest level since Aug. 2. The world’s largest construction and mining- equipment maker posted higher-than-expected third-quarter profit and sales and said 2012 revenue will gain as the U.S. and global economies improve.
Corporate Earnings
This week, 189 companies in the S&P 500 reported quarterly results. About three quarters of the companies that reported earnings since Oct. 11 beat analysts’ projections, according to Bloomberg data. Earnings have surpassed estimates by an average 5.8 percent.
Advanced Micro Devices advanced 26 percent, the biggest gain in almost two years, to $5.94. The second-largest maker of processors for personal computers reported third-quarter earnings excluding some items that beat analyst estimates by 52 percent. The company also forecast fourth-quarter sales that may top some analysts’ estimates on strong demand for laptops in emerging markets.
Akamai Technologies Inc. (AKAM) jumped 19 percent to $28.29. The operator of a server network that lets businesses speed data delivery forecast fourth-quarter sales of $303 million to $315 million, compared with the average analyst estimate of $310.9 million in a Bloomberg survey.
Dreamliner Delivery
Boeing Co. (BA) gained 5.5 percent to $68.17. Its profit topped estimates for the quarter when it delivered the first 787 Dreamliner and said the new model’s production costs will be spread over 1,100 planes, matching analysts’ projections.
Third-quarter corporate earnings “show things aren’t as bad as the market thought,” Terry Morris, who manages $2.2 billion at National Penn Investors Trust Co. in Wyomissing, Pennsylvania, said in a phone interview. “Maybe things will be kind of quiet in Europe now and we can get back to fundamentals.”
Financial shares in the S&P 500 rose 7 percent, the biggest advance since July 2010, as 76 of 81 companies rose. Morgan Stanley (MS) soared 13 percent to $19.31. JPMorgan Chase & Co. (JPM) jumped 9.8 percent, the most since July 2009, to $36.69. Bank of America, which has dropped 45 percent this year for the worst performance in the Dow, surged 14 percent to $7.35.
Biggest Rally
Raw-material producers gained 7.9 percent, the most among 10 industry groups in the S&P 500, after a report from HSBC Holdings Plc and Markit Economics showed China’s manufacturing may end the longest contraction since 2009. The report, along with Japanese data showing exports exceeded economists’ forecasts, signaled that Asia’s two largest economies are withstanding Europe’s sovereign debt crisis.
Cliffs Natural Resources Inc. (CLF), North America’s largest iron-ore producer, advanced 21 percent to $72.81. Freeport- McMoRan Copper & Gold Inc. gained 17 percent to $42.80 as copper futures posted the biggest weekly gain since at least 1988. Alcoa, the largest U.S. aluminum producer, jumped 13 percent to $11.57.
Hewlett-Packard gained 10 percent to $27.94, the highest price since Aug. 18. Chief Executive Officer Meg Whitman abandoned plans to spin off its market-leading personal-computer unit, taking a step toward unwinding the moves that led to her predecessor’s ouster.
Netflix Drops
Netflix Inc. (NFLX) plunged 28 percent, the biggest decline since 2004, to $84.14. The online-video service said it lost 800,000 U.S. subscribers in the third quarter, more than expected, and predicted more cancellations because of a price increase.
Tobias Levkovich, a New York-based U.S. equity strategist at Citigroup Inc., said the S&P 500 will extend gains through the end of the year. He estimates the index will end 2011 at 1,325, a 3.1 percent gain from yesterday’s close.
“We’re not off to the races into a new bull market, but we are going to trade to the upside,” Levkovich said in an interview on Bloomberg Radio’s “Bloomberg Surveillance” with Ken Prewitt and Tom Keene. “Valuations look pretty attractive, earnings expectations are starting to get more realistic and credit conditions have been fairly reasonable.”
To contact the reporters on this story: Kaitlyn Kiernan in New York at [email protected]; Nikolaj Gammeltoft in New York at [email protected].
To contact the editor responsible for this story: Nick Baker at [email protected].
Pat494
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I think one very beneficial move could be to extend the Prince of Wales Trust to all age groups. There are a lot of middle aged people with valuable skills that find themselves on the corporate scrap heap.
With small loans and an expert team in the background to lend assistance when needed would create a lot of new jobs and businesses.
Come on politicians get your fingers out !!!
With small loans and an expert team in the background to lend assistance when needed would create a lot of new jobs and businesses.
Come on politicians get your fingers out !!!
robster970
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Time to be worried Atilla - I have broken my duck and I'm going to be all over you like a rash for the remainder of the quarter.
Pat494
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Time to be worried Atilla - I have broken my duck and I'm going to be all over you like a rash for the remainder of the quarter.
Go for it Rob
:cheesy:
Atilla
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Time to be worried Atilla - I have broken my duck and I'm going to be all over you like a rash for the remainder of the quarter.
Haha - Well I'm thinking I am too thick skinned for any type of rash you may have in mind...
You know when you were at primary school and your teachers gave you a little report to take home to mummy and daddy? Well I can guess what they wrote on your report...
Must try harder :cheesy:
Good luck mon ami...
Atilla
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Absolutely no idea this week. None at all. Wild guess is putting it mildly. 1320 or 1268???? Well confused. Going with a small downward move because this strength may be rocked once the Euro fiasco is digested. Italian bonds signalling more rocky road up ahead...
1268 Please Pat.
Addenda: http://www.bbc.co.uk/news/business-15490890
1268 Please Pat.
Addenda: http://www.bbc.co.uk/news/business-15490890
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Pat494
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What with those idiots in Brussels pumping in a trillion euros I expect it will rise.
So 1311 for me.
Still haven't figured out who is pocketing all that dosh.
Looks like a smoke and mirrors 3 card trick to me,where the usual fatcats quietly make off with all but a few crumbs.
So 1311 for me.
Still haven't figured out who is pocketing all that dosh.
Looks like a smoke and mirrors 3 card trick to me,where the usual fatcats quietly make off with all but a few crumbs.
