The purpose of creating this Topic about Dow Jones,Oil and KLCI markets discussion.Anyone can share your view .Please do respect and do not attack each other in this group. Treat everyone here as Family.
Our main objective is to make money and not make enemy.
For chart reference you may visit my page at
https://www.facebook.com/pages/Gila-Saham/536182926525672
something wrong, even oil rebound but sumatec remain unchanged. Seem investor are vary about unusual rise of oil price, if next time drop might more hurt then this one.
4 reasons stocks aren’t soaring after that stellar jobs report:
NEW YORK (MarketWatch) — Why isn’t the stock market ripping higher Friday after that stellar jobs report?
The S&P 500 and Dow industrials were up only moderately by around midday, then they turned negative to roughly flat in a hurry.
Here are four factors:
1) A rally into the jobs report: Stocks already were showing big gains for the week before the jobs report came out.
The S&P 500 SPX, -0.34% is still up 3.4% for the week at last check.
The Dow DJIA, -0.34% is coming off a four-day winning streak that had it up 720 points for the week as of Thursday’s close.
So Friday’s lackluster action probably won’t change a positive weekly trend.
2) Fresh Greek worries: A downgrade of Greece by Standard & Poor’s on Friday afternoon may have sparked a move away from riskier assets like stocks.
S&P cut the troubled nation’s long-term rating to B-minus from B, meaning further into junk territory.
The folks at ZeroHedge, known for spotlighting the negative, say what’s “scariest” is that S&P itself is mentioning capital controls and bank runs.
But other market watchers have been playing down the significance of the latest Greek drama, and they note Friday’s downgrade is similar to an earlier one by Moody’s Investors Service.
That said, there are mounting concerns that Greece must get tidy its economic house or risk roiling the market.
3) Rate hikes ahead: The strong jobs report has boosted expectations around the Fed’s rate hikes, and higher rates ought to peel some investors away from stocks.
Investors now think the Federal Reserve will raise rates one more time by December 2016 than they expected before Friday’s January job report, as MarketWatch’s Gregg Robb notes.
Robb also reports on a notable Fed speech on Friday afternoon. Conditions are likely to come together that will allow the Federal Reserve to hike short-term interest rates anytime “from June on,” said Dennis Lockhart, the president of the Atlanta Fed.
4) A lagging indicator: The January jobs report reveals a lot, but it is important to realize the labor market is often a lagging indicator.
Don’t let the stellar report make you forget about real challenges facing the U.S. economy, says MarketWatch’s Steve Goldstein.
In a similar vein, Barry Ritholtz at Bloomberg View argues investors might want to ignore every monthly jobs report, since trading off it requires guessing not just the results, but also how much it is already reflected in stock prices.
U.S. stocks finished lower Friday as investors shrugged off a strong jobs report, which had provided a lift earlier in the day, and turned to fresh concerns about Greece.
The worries were sparked midday Friday after Standard & Poor’s downgraded the country’s long-term sovereign-debt rating to B-minus from B. In addition, a euro zone official said Greece faces a Feb. 16 deadline to apply for an extension of its bailout program.
“We’ve had good rallies this week, and investors simply do not want to hold long positions going into the weekend. And news of Greece became a good trigger point to start selling,” he added.
Brian Fenske, head of sales trading at ITG, a New York-based brokerage firm, said the downgrade of Greece caught traders off-guard.
“People have been ignoring negative news about Greece this week, and today’s downgrade is a delayed reaction that further problems with Green can destabilize the euro,” Fenske said.
“There is also concern that the market is toppy. A lot of fundamental investors are afraid to buy stocks when earnings estimates have come down,” Fenske added.
The main focus earlier was on the key monthly jobs report, which came in far stronger than expected.
The Labor Department report showed that the economy added 257,000 jobs in January, while November and December numbers were revised sharply higher. In another good sign, hourly wages jumped 0.5%. Although the unemployment rate ticked up to 5.7% from 5.6%, it suggests that more people are entering the workforce. The U.S. economy has added more than 200,000 jobs for 12 straight months.
S&P Downgrades Greek Credit Rating Amid Concerns Over Cash
The pressure on Greece's new government to conclude a deal with bailout creditors ratcheted up Friday as Standard & Poor's cut its credit rating on Greece further into junk status and warned over the country's possible exit from the 19-nation eurozone.
Even though the ratings agency lowered Greece's long-term rating by one notch to B- and warned over its cash position, the Greek government, barely two weeks in power, is insisting it will not give up on demands to overhaul the country's bailout agreements and bring an end to years of austerity.
Prime Minister Alexis Tsipras met Friday with the government's top finance officials, who said the new Greek administration would not renege on its election pledge to renegotiate the bailout deal.
"It is clear that the government will remain committed to the clear mandate it has received from voters and will not accept an extension of the dead-end and catastrophic bailout," a senior Greek official said. The official asked not to be named as talks with European officials are ongoing.
Still, since the left-wing Syriza party swept to power in the Jan. 25 election, it has made little progress in getting Greece's bailout creditors to agree to change course.
Finance Minister Yanis Varoufakis undertook a whistle-stop tour of European capitals in an attempt to overhaul the bailout's terms and conditions but nothing concrete has yet emerged.
In return for rescue cash from its partners in the eurozone and the International Monetary Fund, successive Greek governments have had to impose a raft of spending cuts and tax increases that have stifled the country's economy. Latest News Update
Although the Greek economy has emerged from a brutal six-recession, the country remains burdened by its debts, which stand at over 170 percent of Greece's annual GDP.
Varoufakis hopes to make more progress Wednesday at a special meeting of the eurozone's 19 finance ministers, which was called Friday by Jeroen Dijsselbloem, the head of the so-called Eurogroup, to discuss Greece's debts.
Varoufakis, who has insisted that Athens does not intend to default on its debts, wants to carve out a new compromise to the mutual benefit of the eurozone and Greece. He has suggested a bridging program between now and the end of May to give room for talks on "a new contract" with the European Central Bank, IMF and the European Union.
Athens is also seeking permission from the ECB to sell more treasury bills instead of receiving final loan installments.
As well as cutting its rating on Greece, S&P warned of a further downgrade by keeping the country on so-called "CreditWatch negative." S&P said it aims to "resolve" the CreditWatch status by March 13.
The action "reflects our view that the liquidity constraints weighing on Greece's banks and its economy have narrowed the timeframe during which the new government can reach an agreement on a financing program with its official creditors," S&P said.
The agency also warned that a prolonged stalemate with creditors could lead to deposit withdrawals and "in a worst-case scenario, the imposition of capital controls and a loss of access to lender-of-last-resort financing." That, it said, could potentially result in Greece's "exclusion" from the eurozone.
DJ going another selling round by next week. As I mentioned yesterday DJalready reached peak and will ppress down 1 more time . they will play the range in within 17000-18000 . Feb most likely will back to 17000 level .. March maybe will push back due ecb stimulus program
Simon, i feel like this Dj n Klci also being too caution lately the investor. becos it up too high. soon gonna fall back. i dont think klci can break 1850 as well. time for them to retreat like this fund manager now they earn like bucket money. matter of time when they gonna retreat their fund. when they do, another down trend will trigger.
but i will bet down trend on End May'15 due to OPEC meeting, i dont think they Saudi will waste such billion for nothing (to cut production) mostly they will increase production to gain market share since now USA shale oil in critical condition, one more push, Saudi will win all. So before May'15 usually another up trend on April'15 if Greece news not bad news.
Relax larrr....sideline larrr....don't know up or down now larrr...wait for signal larrr...Monday maybe down a little larrr...kaw kaw also don't know larr...signal not clear larrr
We collect HK first ..in case next week it falling at least we huat.if next week up and HK falling we will sapu again.. The falling just matter of time only.. Falling confirm will fall de..
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 723 views | 4 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 14131 views | 12 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Posted by simon84 > 2015-01-03 09:40 | Report Abuse
The purpose of creating this Topic about Dow Jones,Oil and KLCI markets discussion.Anyone can share your view .Please do respect and do not attack each other in this group. Treat everyone here as Family. Our main objective is to make money and not make enemy. For chart reference you may visit my page at https://www.facebook.com/pages/Gila-Saham/536182926525672