Dow

chucky

Graham_Devon wrote: »

Come on then Stevie, your time to shine

Can you tell me why when British Airways announce their first loss in 20 years, their shares rally and they become the top increase in the FTSE100.

When BT report that they are doing astonishingly !!!!!!, their shares rally?

they're both cutting costs big time - trying to make the business more efficient.
very simplistic but cutting these future costs is less of a future loss if that makes sense.

1.30pm will be an interesting time on the markets today...

StevieJ

Good to see the S&P break the 1000 mark and hold it.

sabretoothtigger

roughly looks like the dollar index lost 0.9% today while the other half of the equation, sp500 rose 1.53%. Still a net gain except maybe not to importers or companies with foreign debts


http://uk.finance.yahoo.com/q?s=uup&m=L&d=


SP500 gain in £ was about 0.25%


I really thought the market would choke a bit more on a four figure number but I guess devaluation is the medicine that makes the numbers go up!

sabretoothtigger

StevieJ

More positve news for the markets.

Aug. 25 (Bloomberg) -- U.S. stocks rose as gauges of consumer confidence and home prices beat economists’ forecasts, bolstering optimism the worst contraction since the Great Depression is ending. Treasuries fell before a record-tying auction of two-year notes.


http://www.bloomberg.com/apps/news?pid=20601087&sid=aPtAWOIuMuRM

StevieJ

I note the Ftse in only around 50 points (1%) below the pre Lehman collapse level, the Dow is about 1200 (12%).

mewbie_2

StevieJ wrote: »

I note the Ftse in only around 50 points (1%) below the pre Lehman collapse level, the Dow is about 1200 (12%).

Well noted.

StevieJ

mewbie wrote: »

Well noted.

Thanks sir

tricki1

Haven't been really reading this forum for the past few days, so apologies if this has been discussed here, or elsewhere, but what do you make of the news that for at least the past month, 40% of all stock on the NYSE has been comprised of 4 companies - all of which which had to have massive bailouts (Fannie Mae, Freddy Mac, Citigroup and AIG)

There was a post on a blog called zerohedge that explained it more fully, but I lost my history and can't find again atm, so here is a link to the story on CNN

http://money.cnn.com/2009/08/26/markets/thebuzz/index.htm?postversion=2009082612

I'm not well versed in the markets, but even to me this seems a little more than a bubble, in a stock market that seems over egged on a rather flimsy recovery. Is it their QE money popping up, or just over enthusiastic traders?

What do you think?

Edit: here is the link I couldn't find before.
http://www.zerohedge.com/article/five-financial-stocks-dominating-market-volume

mewbie_2

tricki1 wrote: »

I'm not well versed in the markets, but even to me this seems a little more than a bubble, in a stock market that seems over egged on a rather flimsy recovery. Is it their QE money popping up, or just over enthusiastic traders?

What do you think?

Me neither, but it feels right. A relief rally that the world didn't end is fair enough. But is recovery really around the corner? Still need profits, or is it a new paradiddle?