gkrykewy said:Futures in the red now on disappointing retail sales.
yet another of Roubini's recommendations. A coordinated rate cut by all the central banks.Frankfurter said:WTF... ECB, FED and Bank of England just reduced the interest rates by 0.5% each :O
eznark said:Allright, NHL with the opening bell!
gkrykewy said:Gary Bettman? Black Wednesday confirmed. Bail the fuck out.
lil smoke said:I don't think NTDOY is going to make it all back any time soon. Very long term now. :/ Fuck.
This round @ 52.97.eznark said:out of curiosity, when did you hop on that bandwagon?
lil smoke said:This round @ 52.97.
I'm always in and out of NTDOY, I like to trail it when it's fluctuating from 54 to 60. Looks like those times are over, this time I got caught with my hand in the ol' cookie jar.
lil smoke said:This round @ 52.97.
I'm always in and out of NTDOY, I like to trail it when it's fluctuating from 54 to 60. Looks like those times are over, this time I got caught with my hand in the ol' cookie jar.
Just reported, August pending home sales rose 7.4% month-over-month on a seasonally adjusted annual rate, compared to the expected decline of 1.3%. Pending home sales were down 2.7% in July. Pending sales are up 8.8% compared to last year. Pending home sales is released by the National Association of Realtors and is based on signed real estate contracts for existing single family homes, condos and co-ops.
August pending home sales jump 7.4 percent: NAR
Wednesday October 8, 10:05 am ET
NEW YORK (Reuters) - Pending sales of existing U.S. homes unexpectedly jumped in August to the highest level in over a year, data from a real estate trade group showed on Wednesday.
The National Association of Realtors Pending Home Sales Index, based on contracts signed in June, rose 7.4 percent in August to 93.4 from an upwardly revised index of 87.0 in July.
The August reading was 8.8 percent higher than a year earlier, and the highest level since 101.4 in June 2007.
Economists polled by Reuters ahead of the report were expecting pending home sales to drop by 1.8 percent.
The association's senior economist Lawrence Yun said home buyers responded to improved affordability, with home prices low and mortgage rates down after the government takeover of Fannie Mae and Freddie Mac.
MassiveAttack said:Didn't see this coming. US pending home sales up 7.4% in August.
eznark said:Houses are cheap.
Yeah it's a tough call right now. I'm actually tempted to buy another set right now too to offset what I lost, but there is no guarantee they wont slip further. I thought 45 was extremely low, and look at today.kathode said:They have earnings on 10/30. I still think it's going to depend heavily on what kind of outlook they give though. I'm sorely tempted to get in, but I will probably abstain.
gkrykewy said:Not yet (in most places).
Besides news on Wii HD or anything like that, I think most analysts are underestimating how huge they're going to sell this holiday season. Demand is going to skyrocket for Wii and DS (and DSi is launching in Japan in November, right?) and they have ramped up production to (mostly) meet it.lil smoke said:Yeah it's a tough call right now. I'm actually tempted to buy another set right now too to offset what I lost, but there is no guarantee they wont slip further. I thought 45 was extremely low, and look at today.
...However I don't forsee any huge jumps, until they start getting more into detail on their new ventures like the HD wii and that iPod killer. I would hate to be out of the game a few years from now when these things become reality, especially if they maintain the low price point philosophy, if that is even possible this time around.
Battersea Power Station said:Besides news on Wii HD or anything like that, I think most analysts are underestimating how huge they're going to sell this holiday season. Demand is going to skyrocket for Wii and DS (and DSi is launching in Japan in November, right?) and they have ramped up production to (mostly) meet it.
The only unknown factor has to do with confidence in the market being so low that maybe even fantastic news might not push up the stock that much.
Battersea Power Station said:Besides news on Wii HD or anything like that, I think most analysts are underestimating how huge they're going to sell this holiday season. Demand is going to skyrocket for Wii and DS (and DSi is launching in Japan in November, right?) and they have ramped up production to (mostly) meet it.
The only unknown factor has to do with confidence in the market being so low that maybe even fantastic news might not push up the stock that much.
After January earnings: Trading was halted on Nintendo stock today due to a 5,000 (9.62%) yen decline. This after a blowout quarter where they raised their sales forecast. It's worries over the yen and some profit-taking. You'll notice in their report they upped their sales guidance but left their profit guidance alone. This signifies they expect the yen to strengthen and eat into their profits. Reuters also claims that lots of institutional investors are cashing in what's left of their profits since everything else is tanking. Seems like these days if there's -any- way to cast -any- news around your company as negative, then your stock will tank.
After April earnings: Well once again Nintendo makes money hand over fist, but who cares right? Because all that really matters is that their forecast is off by about 3% from analyst expectations, so the stock falls. Sometimes I hate investors.
After July earnings: Yup, NTDOY is the same story as always - major profits, cautious outlook, everyone bails. Glad I sold out of there a while back.
Ford is down 22% as of nowCharlieDigital said:What's the general EconiGAF consensus on Ford?
Soka said:Something isn't right with AHR. Dropping ~20% two days in a row? That's even under the shitty performance of the Financial market.
You mean sell? I'm looking at +12%. I would have taken that and broke camp :lolEther_Snake said:EDIT: I think I'll see ABX if it reaches 40. Not sure for how long gold might rise moreso. Anyone has a comment on that?
lil smoke said:You mean sell? I'm looking at +12%. I would have taken that and broke camp :lol
lil smoke said:Actually if you had huge balls, you could make a lot of money with these swings.
sonarrat said:I'm going to Wendy's. I want to see 200 up by the time I get back, at least.
gkrykewy said:Day-traders took their profits. This means (to me) that large money movers are still not comfortable holding equities.