But there is one thing I am sure. The US dollars will be in weak side as the equity market stay in positive.
If the investor support the Geithner's plan, the market will climb further.
But I believe, they will react positively because this is their tactic. Last time use this excuse to oversell the equity. This time, they will use it to over buy it because
1. Near March, Need to close 1 Quarter book
2. The market is a small group game orientation. This people are greedy.
As the people believe the worst time is over, more people will enter the market. Then the fisherman will come out again
anyway this is only my guess.
23 March 2009
US Market
The Dow open at 7402 and close at 7278 –122.42(-1.65%) and high is 7460 at 9.51pm
Sector performance (% change on day): Financials (-5.30%), Tech (-1.64%), Health Care (+0.19%), Consumer Staples (+0.11%), Consumer Discretionary (-2.14%), Industrials (-3.28%), Energy (-3.65%), Telecom (-1.67%), Materials (-1.91%), and Utilities (-0.63%).
AAPL 101.62, AIG 1.26, GE 9.54, SBUX 11.16, INTC 14.65,BAC 6.19,CSCO 15.91,C 2.62
The EUR trade at 1.3692 at 4:41pm.
The GBP trade at 1.4556 at 4.41pm
The CAD trade at 1.2331 at 4:41pm
The JPY 96.07 at 4:41pm
The Gold price is 955 at 4:41 pm
The Crude Oil March is 52.55 at 4:41pm
US Mr. Geithner’s will announce the detail of buy back toxic asset tonight. The whole Asia markets are all in big jump ahead of the news.
Quote from WSJ
Mr. Geithner's three-pronged program, which will be unveiled Monday, envisions the creation of a series of public-private investments to soak up $500 billion, and maybe as much as $1 trillion, in troubled loans and securities at the heart of the financial crisis. To encourage investors to buy those assets, the U.S. government will offer lucrative subsidies and shoulder much of the risk. Stocks rallied 2% in Tokyo in early trading Monday, on expectations of the Geithner bank plan's announcement.
Japan Market
The Nikkei index open at 7943.14 and close at 8215 +269.57 (+3.39%)
Fast Retailing 10820 +160 (1.5%)
UFJ 512 +23 (4.7%)
Toyota 3050 +85 (+2.86%)
Sumitomo Mitsui Financial 3800 +260 (7.34%)
HK Market
The HS Index open at 13001 and closed at 13447 +613(+4.78%) the turnover volume is 553 and previous is 438M
The 005 open at 39.9 and closed at 41.70 with volume 80M previous 44.81M
The 2997 HSBC right open 11 and closed at 13.2 with volume 210M
The 3988 open at 2.29 and closed at 2.330 with turnover 522M previous 381M
The 1398 open at 3.36 and closed at 3.52 with turnover 436M and previous 297M
Hang Seng Index 13447.42 +613.91 +4.78%
HSI - Finance 18807.34 +692.48 +3.82%
HSI - Utilities 35538.42 +921.10 +2.66%
HSI - Properties 17355.31 +1124.65 +6.93%
HSI - Commerce & Industry 7683.21 +425.72 +5.87%
Hang Seng China Enterprises Index 7959.91 +463.95 +6.19%
Hang Seng China H-Financials Index 10466.21 +565.19 +5.71%
Hang Seng Composite Index 1889.68 +91.53 +5.09%
Last update: 23-03-2009 16:01
Hang Seng China 50 Index 4547.92 +186.99 +4.29%
Hang Seng China AH Premium Index 144.88 -6.26 -4.14%
Last update: 20-03-2009 16:10
Hang Seng China 50 Index 4360.93 -89.32 -2.01%
Hang Seng China AH Premium Index 151.14 +5.51 +3.78%
China market
The Shanghai Market opened at 2286 and closed at 2325 with volume 1504 and previous is 1336M
The BOC stop trading in china%
The ICBC RMB3.82 +1.06%
Release Reports
International –US Time
Monday, March 23, 2009
6:00 a.m. EU: Jan Foreign trade
6:00 a.m. EU: Jan Construction output
8:30 a.m. CAN: Feb Composite Leading Indicators Index(LII) Previous: -0.8%
US Market
Monday, March 23, 2009
10:00 a.m. Feb Existing Home Sales: Expected: -0.2%. Previous: -5.3%.
If the investor support the Geithner's plan, the market will climb further.
But I believe, they will react positively because this is their tactic. Last time use this excuse to oversell the equity. This time, they will use it to over buy it because
1. Near March, Need to close 1 Quarter book
2. The market is a small group game orientation. This people are greedy.
As the people believe the worst time is over, more people will enter the market. Then the fisherman will come out again
anyway this is only my guess.
23 March 2009
US Market
The Dow open at 7402 and close at 7278 –122.42(-1.65%) and high is 7460 at 9.51pm
Sector performance (% change on day): Financials (-5.30%), Tech (-1.64%), Health Care (+0.19%), Consumer Staples (+0.11%), Consumer Discretionary (-2.14%), Industrials (-3.28%), Energy (-3.65%), Telecom (-1.67%), Materials (-1.91%), and Utilities (-0.63%).
AAPL 101.62, AIG 1.26, GE 9.54, SBUX 11.16, INTC 14.65,BAC 6.19,CSCO 15.91,C 2.62
The EUR trade at 1.3692 at 4:41pm.
The GBP trade at 1.4556 at 4.41pm
The CAD trade at 1.2331 at 4:41pm
The JPY 96.07 at 4:41pm
The Gold price is 955 at 4:41 pm
The Crude Oil March is 52.55 at 4:41pm
US Mr. Geithner’s will announce the detail of buy back toxic asset tonight. The whole Asia markets are all in big jump ahead of the news.
Quote from WSJ
Mr. Geithner's three-pronged program, which will be unveiled Monday, envisions the creation of a series of public-private investments to soak up $500 billion, and maybe as much as $1 trillion, in troubled loans and securities at the heart of the financial crisis. To encourage investors to buy those assets, the U.S. government will offer lucrative subsidies and shoulder much of the risk. Stocks rallied 2% in Tokyo in early trading Monday, on expectations of the Geithner bank plan's announcement.
Japan Market
The Nikkei index open at 7943.14 and close at 8215 +269.57 (+3.39%)
Fast Retailing 10820 +160 (1.5%)
UFJ 512 +23 (4.7%)
Toyota 3050 +85 (+2.86%)
Sumitomo Mitsui Financial 3800 +260 (7.34%)
HK Market
The HS Index open at 13001 and closed at 13447 +613(+4.78%) the turnover volume is 553 and previous is 438M
The 005 open at 39.9 and closed at 41.70 with volume 80M previous 44.81M
The 2997 HSBC right open 11 and closed at 13.2 with volume 210M
The 3988 open at 2.29 and closed at 2.330 with turnover 522M previous 381M
The 1398 open at 3.36 and closed at 3.52 with turnover 436M and previous 297M
Hang Seng Index 13447.42 +613.91 +4.78%
HSI - Finance 18807.34 +692.48 +3.82%
HSI - Utilities 35538.42 +921.10 +2.66%
HSI - Properties 17355.31 +1124.65 +6.93%
HSI - Commerce & Industry 7683.21 +425.72 +5.87%
Hang Seng China Enterprises Index 7959.91 +463.95 +6.19%
Hang Seng China H-Financials Index 10466.21 +565.19 +5.71%
Hang Seng Composite Index 1889.68 +91.53 +5.09%
Last update: 23-03-2009 16:01
Hang Seng China 50 Index 4547.92 +186.99 +4.29%
Hang Seng China AH Premium Index 144.88 -6.26 -4.14%
Last update: 20-03-2009 16:10
Hang Seng China 50 Index 4360.93 -89.32 -2.01%
Hang Seng China AH Premium Index 151.14 +5.51 +3.78%
China market
The Shanghai Market opened at 2286 and closed at 2325 with volume 1504 and previous is 1336M
The BOC stop trading in china%
The ICBC RMB3.82 +1.06%
Release Reports
International –US Time
Monday, March 23, 2009
6:00 a.m. EU: Jan Foreign trade
6:00 a.m. EU: Jan Construction output
8:30 a.m. CAN: Feb Composite Leading Indicators Index(LII) Previous: -0.8%
US Market
Monday, March 23, 2009
10:00 a.m. Feb Existing Home Sales: Expected: -0.2%. Previous: -5.3%.
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