Diver

European market declines decelerated following news that a German court ruling is forthcoming, sending the German DAX into positive territory, up a slight 0.02%. The UK FTSE 100 and France’s CAC are off 0.3%, while Italy’s FTSE MIB is off 0.5% and Spain’s IBEX 35 is down 0.7%.

Diver

In short, markets are tense, trading volume light, and uncertainty rampant. Profit taking seems a to-be-expected market strategy given the fact that the S&P500, as of last Friday, had risen 9.8% from June’s start. So too, much depends upon Fed Chairman Bernanke’s Thursday policy announcement. Most analysts anticipate the Fed will take some form of stimulative action, although few are willing to clamber out on limbs of a full-blown QEIII hopes. Data since the last policy-setting meeting has shown the US economy perhaps exiting its spring soft patch, with housing markets showing signs of recovery but employment gains still frustratingly slow. Manufacturing has softened, although retail sales have shown a resilient consumer base. Of late, questions regarding the Teflon-coated US economy have left investors more wary.

Diver

Last Friday’s dismal nonfarm payroll post lifted concerns of systemic employment problems, and industrial bellwether FedEx’s (NYSE:FDX) lowered fiscal first quarter profit forecast demonstrated the increasing impact of global growth constraints on US firms. Indeed, this morning’s profit warning from luxury brand Burberry disclosed a broad slowdown in sales growth with foot traffic down in recent weeks and comparable sales numbers flat. At August’s end fellow luxury brand Hermes had upped its annual sales and profit targets, raising questions of recent consumer spending slowdown, especially from emerging markets. DJIA shares yesterday were weighed down by another drop in Intel’s (NASDAQ:INTC) share price, off 3.8% on top on Friday’s 3.6% tumble after the semiconductor firm cut fiscal third quarter guidance below consensus forecasts and the WSJ warned that demand from developing nations may be descending at faster rates that either the Street or the company may be anticipating. Indeed, it seems symbolic that Monday’s DJIA loss, which was increased by Intel’s warning of global growth worries, was ameliorated by a 0.8% gain in Hewlett-Packard (NYSE:HPQ), the DJIA’s component leader, after the company updated its layoff plans to about 29K over the next two to three years, planning 2K more layoffs than previous.

Diver

Monday’s worries accelerated at day’s end as US equities moved to session lows by the trading day’s close. Growth numbers had signaled declining demand, with China’s weekend and Monday figures on industrial output, fixed asset investment and export growth slowing, while imports revealed their first monthly decline in seven months in August. Japan revised its second quarter GDP downward and South Korea launched a $5.3 billion fiscal stimulus package only three months after an earlier, $7.5 billion scheme. Europe’s economies continue to weaken, as Italy revised its second quarter GDP to a negative 0.8% from minus 0.7% previous.

As demand concerns continue to fester, market strategists are examining prospects for the week’s upcoming monetary policy decision from the Fed’s two-day meeting beginning Wednesday, and European policy decisions from voters in the Netherlands to a German constitutional court ruling on ESM powers and details on banking regulatory oversight by the ECB tomorrow. Added to the already sizeable event risk load, are further indications from Spanish PM Rajoy, indicating Spanish intransigence against specific conditionality demands regarding austerity measures.

victor101

cellphone

Bernanke Will Likely Take More Action But the Effects Won’t Last: Glenn Hubbard

By Stacy Curtin | Daily Ticker – 1 hour 37 minutes ago

http://finance.yahoo.com/blogs/d ... last-124037865.html

Diver

看来股市这个911爱国热情真是长久不衰。

tfmegatron

俺就说一句，低调啊，熊弟们。。。

victor101

俺就说一句，低调啊，熊弟们。。。
tfmegatron 发表于 2012-9-11 10:49

没看到俺现在连字都不打了，只插花。。。zi...zip again!

tfmegatron

没看到俺现在连字都不打了，只插花。。。zi...zip again!
victor101 发表于 2012-9-11 11:02

cellphone

俺就说一句，低调啊，熊弟们。。。
tfmegatron 发表于 2012-9-11 10:49

    现在市场上真的还有熊吗？

俺希望涨啊。。。上礼拜说了手里的货希望能卖个好价。后天出消息准备明天卖。。

victor101

现在市场上真的还有熊吗？

俺希望涨啊。。。上礼拜说了手里的货希望能卖个好价。后天出消息准 ...
cellphone 发表于 2012-9-11 11:15

tfmegatron

现在市场上真的还有熊吗？

俺希望涨啊。。。上礼拜说了手里的货希望能卖个好价。后天出消息准 ...
cellphone 发表于 2012-9-11 11:15

好吧，你是盼跌的牛。。。

cellphone

好吧，你是盼跌的牛。。。
tfmegatron 发表于 2012-9-11 11:22

    不太准确。。。。 态度上咱承认是熊。。。仓位上就不一定了。所以，到底是什么已经不重要了。。

tfmegatron

不太准确。。。。 态度上咱承认是熊。。。仓位上就不一定了。所以，到底是什么已经不重要了。。
cellphone 发表于 2012-9-11 11:29

好吧，你是买多的熊。。。