Sneaky bastards.. they intentionally announce this (0.5% increase) after the market is closed and also timing it so that they do it before the Chinese New Year so that their market won't suffer that much next week because it will be closed.

Very smart ah!
Governments and companies always release the bad news on Friday evenings...well know tactic.....

yeah, those monkeys in action again. Pushed down market, after holidays, buy dirt cheap and push it up again. After holidaying, no much cash left, so time to earn tons of money.

Doggie holding the fort at 10K

I'm glad out I've closed out my ERX position yesterday. Holding cash for the weekend is good.

Next week, while the Chinese market sleeping, they're expecting the Europe situation to worsen before it gets better, therefore Dow/S&P may take another beating, perhaps retest another low.

When the Chinese market opens again the following week, it too may dive the first part of the week. By that time, commodities are dirt cheap again, the China Investment Corp will go in and buy 'em all dirt cheap. Dirty bastards, they want to show they're in control!

agreed, as my earlier post, price beaten down and they pickup the ashes and push it higher to make $$.

DOggie is pushing over 10,050 and hope to see GREEN closing, just like yesterday.

They've pushed it down in early trade and now pumping it back but I doubt it close green today.
The bigger question is.. will we see 9500 first or 10500 first?

I have a strong feeling that those in control wants to dive another 500 points first before the push up.

Therefore, perhaps having both SHORT and LONG position at this level could be a safe bet.

This post has been edited by danmooncake: Feb 13 2010, 01:38 AM

anyone can tell me how can i buy US stocks from malaysia?

U should ask those remisier see whether they do offshore trading like Dow Jones market.
But the brokerage will be damn high

Closing update:

Dow 10099.14 -45.05 -0.44%
Nasdaq 2183.53 +6.12 +0.28%
S&P 500 1075.51 -2.96 -0.27%

Wow! We got a mixed bag. The last hour, the bulls got some back and I say that's a pretty good close.
This week is much better than last week but the fears are not gone yet. With China and Hang Seng now hibernating, it will be interesting to see how things will play out next week.

Got cash for the long weekend, to celebrate both CNY and Valentine Day!

http://www.theatlantic.com/doc/print/20100...future?x=52&y=5


<< The economy now sits in a hole more than 10 million jobs deep—that’s the number required to get back to 5 percent unemployment, the rate we had before the recession started, and one that’s been more or less typical for a generation. And because the population is growing and new people are continually coming onto the job market, we need to produce roughly 1.5 million new jobs a year—about 125,000 a month—just to keep from sinking deeper.

Even if the economy were to immediately begin producing 600,000 jobs a month—more than double the pace of the mid-to-late 1990s, when job growth was strong—it would take roughly two years to dig ourselves out of the hole we’re in. The economy could add jobs that fast, or even faster—job growth is theoretically limited only by labor supply, and a lot more labor is sitting idle today than usual. But the U.S. hasn’t seen that pace of sustained employment growth in more than 30 years. And given the particulars of this recession, matching idle workers with new jobs—even once economic growth picks up—seems likely to be a particularly slow and challenging process.>>

Folks,

It is going to take longer to dig out of this hole. Be safe...

Dreamer

Another stellar result of TIC Long-Term Purchases.

Shares rallies to 10,200.
Wow, look at this :
CAGC 19.43 +2.13 +12.30%

Mine not moving much, except for STEC which was downgraded.

I'm glad both my mining stocks (TCK and HL) made their moves.
As does Oil ($77 now..). Euro bouncing back, Dollar going down. Can't fight the Fed.

I'm just going to let the bulls run this up to S&P 1110.
If it can break it, we'll likely to see the all time high again by next two weeks.

Update:
C and other financials moving again. Just opened a position in FAS to ride up.

Closing update:
Dow 10268.81 +169.67 +1.68%
Nasdaq 2214.19 +30.66 +1.4%
S&P 500 1094.87 +19.36 +1.8%

Wow! Chinese New Year 'Ang Pow' from Mr. Dow! He has left 10K behind.
Those who didn't get some below that level probably have to wait for next round later.

This post has been edited by danmooncake: Feb 17 2010, 08:14 AM

mr. dreamer101 - probably you need to wait next round for <10K.

congrats and happy new year to Mr. Dan.

Wish that C move to USD5, so I can unload it and get China stocks. China just lose to Japan as 2nd biggest economy, but they will revenge back.

All hail to China.

Good good. All is green. For now...

Very hard to guess whether market will up or down later..

It all depends what big boss wants them to be...

How good if anyone can tell me a sure-win tactics...

So I can earn extra money every month..

Market feels toppy again at S&P 1099/1100.
Hopefully, it won't roll back down so soon otherwise the lower highs become true.

Do you think the market is still in 'correction mode'?

Right now, the market is recovering from the correction (we got 9% haircut from the top
but so far bulls claimed 1/3 back).

Because the correction has destroyed the technicals, it has to break above each one of those
levels to recover.

The first hurdle is here.. hence that's why it doesn't feel like going above 1100.
Many traders are attempting short at this level, it is bulls vs. bears fight here.

I'm watching the Dollar.. (DXY). Looks like Dollar got back some today
Oil pulled back below $77 now.

The Euro is dying a slow death..this Greece problem isn't over.

Update 12:31am:
USD is spiking...equities fighting hard to keep up. Hopefully, we can close positive, that should keep the bears from gaining ground. But.. now, bears are indeed gaining ground. Oh heck.. I'm not ready to go bearish yet.. just need a few more points up on S&P.

Closing update:
Dow 10309.24 +40.43 +0.39%
Nasdaq 2226.29 +12.10 +0.55%
S&P 500 1099.51 +4.64 +0.42%

A pretty decent closed. The bulls maintained their gains but didn't cross over to S&P 1100 yet. Perhaps if good data continues tomorrow, we'll see a leg up and shorts will have to cover.

---

Added on February 18, 2010, 9:32 pmOh boy..
Jobless claims slightly higher. Bears will attack again.
Dollar rally.. equities going down.

Out of FAS premarket: Phew! Small profit...

This post has been edited by danmooncake: Feb 18 2010, 10:12 PM

yupe..

enjoy riding again..

can't believe i removed SIRI from my monitoring list. The best goreng share for FEB 2010.

on 12 Feb was just 80cts and now 110... wow