Diver

Despite an afternoon wobble yesterday that looked suspiciously like the result of Apple-inspired trading truancy, equities finished with another day of gains on increased Fed easing hopes. The DJIA rose 10 points, for a 0.1% climb to 13,333. The S&P500, fueled by strength in telecommunication company shares, climbed 0.2% to 1437. The NASDAQ, lifted by technology shares, rose 0.3% to 3114, with activity emboldened by a new Apple (NASDAQ:AAPL) iPhone launch and by positive comments from Facebook’s CEO. Apple rose another 1.4% and Facebook jumped 7.7% during the session.

The DJIA’s rise was paced by gains in Verizon (NYSE:VZ), up 1.4%, and General Electric (NYSE:GE), 1.4% higher. Verizon’s CFO said the firm may begin buying back shares in 2013, that wireline margins are improving and its customers are buying bigger than expected data packages. General Electric said its is considering the sale of its $2.2 billion stake in Thailand’s Bank of Ayudhya . DuPont (NYSE:DD) headed losing components down 1.6%, followed by Bank of America (NYSE:BAC), off 0.7%.

Among the ten S&P500 industry sectors seven marked increases including: telecommunications (+0.7%), industrials (+0.5%), financials (+0.5%), technology (+0.5%), oil and gas (+0.4%), consumer services (+0.3%), and health care (+0.1%). Losing ground were the following groups: consumer goods (-0.7%), utilities (-0.5%), and basic materials (-0.2%).

Diver

One of the running themes of economists’ expectations is for another round of quantitative easing that involves the buying of mortgage-backed securities. The thinking is simple: employment numbers will be lifted quickly by more construction worker hirings. However, the need of a Fed boost to the housing industry is also debatable, given the recent rally in housing shares reflective of good news from the housing sector. Housing shares had another good run yesterday after Goldman Sachs (NYSE:GS) confirmed the thesis that the housing sector is enjoying a rebound after remaining stagnant since 2009. The PHLX housing index rose 3.1%, with KB Home (NYSE:KBH) up 4.3% and Lennar (NYSE:LEN) up 4.4%. PulteGroup (NYSE:PHM) was up 6%, also boosted by an upgrade from Williams Financial Group from “hold” to “buy.”

tfmegatron

bulls or bears, whaever happens, be strong!

aimei

starting watering
egg calm now

黄老泻

到了等候FOMC的时间，波动平稳，想走的可以走了，MM不留，想进的可以进了，MM欢迎。

tfmegatron

whatever, 今天让fed这个uncertainty尘埃落定吧。。。

aimei

哈哈哈哈哈哈哈哈哈哈哈哈啊哈哈哈哈哈哈哈哈哈哈哈哈哈哈啊哈哈哈哈哈哈哈哈哈哈哈哈哈哈啊哈哈

victor101

看看来牛牛美死了。。。

tfmegatron

Diver

ZT:

as of today, three of four near-term ST trend indicators are edging downward and two have declined from being overbought. There is slight evidence the near-term trend indicators will form bases near current levels for the DJIA and S&P500 index from which to rally more. Once bases are consolidated, the DJIA is expected to climb to 13,500 and the S&P500 index to 1,450.

Diver

ZT from pro:

Will Bernanke Rock the Boat?


Wednesday gave us 2 of 3 big events we were focused on this week. First, the German constitutional court ruled favorably on the legality and proposed uses of the European Stability Mechanism [ESM] bailout fund. Then Apple presented its latest and greatest smartphone, the aptly named iPhone 5.

As positive as they were, the market basically yawned over both potential catalysts. Now today brings a very significant FOMC meeting. Why is this one any more important than the last or the next? Because it is one of the special quarterly Fed parties where we get fresh economic forecasts on GDP, inflation, and unemployment. And we get a Big Ben press conference too.

Throw in there wide expectations for some type of new Large-Scale Asset Purchases (LSAP, aka QE3) in a range of $200 to $500 billion and you've got the makings of a pretty big Fed day. I don't care whether the economy needs more stimulus or not. I just care what big market players think and want right now – especially ahead of the election.

Guesses and Facts

My educated guess is that the current market environment is fairly independent of new QE, and that the heavy lifting that needs to be done is already coming from Europe. If Ben and Co. do offer new actions, it will be viewed as just another tweak to ensure that bond and housing markets stay on their smooth course of supporting the economy.

If they don't, maybe they are being prudent, saving their ammo, and staying clear of the political fray. Either way, I think the market continues to rally up to the election.

Diver

victor101

西门吹雪

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