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Reply #56: 3:13 update. Any last hour surprises today? [View All]

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54anickel Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-25-04 02:17 PM
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56. 3:13 update. Any last hour surprises today?
Dow 10,182.62 +83.99 (+0.83%)
Nasdaq 1,858.50 +21.61 (+1.18%)
S&P 500 1,104.51 +8.32 (+0.76%)
10-yr Bond 4.256% -0.027
30-yr Bond 5.044% -0.026

NYSE Volume 943,582,000
Nasdaq Volume 1,044,928,000

3:05PM: Sellers remain a scarce entity as equities continue to march higher, aided by the consistent drop in the price of crude oil... The commodity has plummeted almost $2 to $43.35/bbl - its lowest levels in two weeks... CNBC has noted that increased margin requirements for crude contracts goes into effect today... The strength of equities has diminished the extent of the bond market's climb higher today, with the 10-year note up just 3 ticks (for a yield of 4.26%)... The treasury market was up higher earlier today on the much weaker than expected July New Home Sales report...NYSE Adv/Dec 2317/997, Nasdaq Adv/Dec 1942/1098

2:30PM: After pausing at the top of the hour, equities take off again and stretch for new highs... Crude oil has remained on its downward path and plunged 4% to $43.40/bbl now... The broad-based nature of industry leadership has also propelled the indices even higher and kept selling interest fairly lower... Most of the buying has gone into areas that have been hardest hit during the mid-summer sell-off (semiconductor, biotech, brokerage)... Groups that have shown relative weakness, not surprisingly, have been consumer staple sectors such as household product and beverage....

Right now, the only industry to still be showing losses is homebuilding - off the disappointing July New Home Sales report...NYSE Adv/Dec 2205/1060, Nasdaq Adv/Dec 1810/1183

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  -STOCK MARKET WATCH, Wednesday 25 August ozymandius  Aug-25-04 06:16 AM   #0 
  - WrapUp: "LIES, DAMN LIES, AND THE LYING FOOLS WHO TELL THEM!"  ozymandius   Aug-25-04 06:26 AM   #1 
  - Two Great Depressions - One Lifetime - by Robert B. Gordon, Sc. D.  ozymandius   Aug-25-04 06:34 AM   #2 
  - Hmmmm, perhaps I should rethink that degree and start plowing the  54anickel   Aug-25-04 02:34 PM   #58 
  - Good morning Marketeers.  ozymandius   Aug-25-04 07:00 AM   #3 
  - Thanks Ozy! I didn't mean to hi-jack the thread with my ranting and  54anickel   Aug-25-04 07:53 AM   #4 
  - On the topic of "untruths", here's one from HHS  54anickel   Aug-25-04 08:07 AM   #5 
  - daily dollar watch  UpInArms   Aug-25-04 08:13 AM   #6 
  - Hmmm, Forex gang questioning the Fed BS?  54anickel   Aug-25-04 09:10 AM   #21 
  - Hey, where's the dollar goin' today anyway? The chart for today is  54anickel   Aug-25-04 09:38 AM   #29 
  - Greenspan says housing data clouded  UpInArms   Aug-25-04 08:16 AM   #7 
  - Pretty much in line with his testimony regarding bubbles isn't it? Nope,  54anickel   Aug-25-04 10:06 AM   #31 
  - "Luxury Home Builder" Toll Brothers Profits Soars 56 Percent.  KoKo01   Aug-25-04 11:03 AM   #37 
  - Aetna Confirms Layoff Plans  UpInArms   Aug-25-04 08:21 AM   #8 
  - Hedge funds don't need more regulation-Greenspan  UpInArms   Aug-25-04 08:24 AM   #9 
  - Ha-ha, poor Greenspin has bastardized the role of the central bank  54anickel   Aug-25-04 08:38 AM   #13 
     - did you notice where this decision was made?  UpInArms   Aug-25-04 08:45 AM   #15 
        - Why yes it IS! And do you happen to know the year in which that  54anickel   Aug-25-04 08:56 AM   #18 
           - here's the text from the original Executive Order #12631  UpInArms   Aug-25-04 09:14 AM   #23 
              - So in layman's terms what they basically decided was  54anickel   Aug-25-04 09:56 AM   #30 
  - UK news: End of 'cheap energy era' as gas prices increase 12%  UpInArms   Aug-25-04 08:26 AM   #10 
  - Citigroup nabs big Texas bank  UpInArms   Aug-25-04 08:29 AM   #11 
  - more info on "The Adam Corporation" aka TAC  UpInArms   Aug-25-04 08:43 AM   #14 
  - here's where Adam got the banks  UpInArms   Aug-25-04 08:51 AM   #17 
  - "A relatively small deal for Citigroup"  54anickel   Aug-25-04 09:04 AM   #19 
  - pre-opening blather  UpInArms   Aug-25-04 08:31 AM   #12 
  - "Bullish, but becoming overbought". Seems to be the mantra each  54anickel   Aug-25-04 08:48 AM   #16 
  - Toll Brothers profit jumps 56 percent  UpInArms   Aug-25-04 09:06 AM   #20 
  - Bank of America Exec to Get ($20.7 million) Severance Pay  UpInArms   Aug-25-04 09:10 AM   #22 
  - $20.700 Million Severance Pay? Oh Yeah....How many employees who  KoKo01   Aug-25-04 11:25 AM   #42 
  - Is that the splash of a rat abandoning ship? WTF, they'll pay his Fed tax  54anickel   Aug-25-04 12:56 PM   #49 
  - 10:15 EST numbers and blather  UpInArms   Aug-25-04 09:17 AM   #24 
  - Inflation beast is loose again  54anickel   Aug-25-04 09:18 AM   #25 
  - new home sales report  UpInArms   Aug-25-04 09:22 AM   #26 
  - Crude Oil Rebounds as U.S. Inventories Expected to Decline  54anickel   Aug-25-04 09:23 AM   #27 
  - Oil Isn't Only Constraint on the Economy  54anickel   Aug-25-04 09:29 AM   #28 
  - "A Primer on Government Economic Reports -- Things You've Probably  54anickel   Aug-25-04 10:20 AM   #32 
  - Kuwait Minister: Oil Price Being Driven Up (by speculators)  54anickel   Aug-25-04 10:27 AM   #33 
  - Skilled Labor in High Demand  54anickel   Aug-25-04 10:47 AM   #34 
  - Pensions may need a taxpayer bailout  54anickel   Aug-25-04 10:50 AM   #35 
  - Pension crisis grows as businesses weigh defaulting on plans  54anickel   Aug-25-04 11:00 AM   #36 
  - Sorry, Cato....No can do....we Americans have too much debt and we  KoKo01   Aug-25-04 11:18 AM   #40 
  - If we had a REAL free press...  loudsue   Aug-25-04 01:41 PM   #52 
     - Bwahahaha, Excellent point Loudsue!!! I'll admit I certainly overlooked  54anickel   Aug-25-04 01:51 PM   #53 
  - US consumer shows signs of flagging  54anickel   Aug-25-04 11:07 AM   #38 
  - 12:07 check out that vertical line right at the lunch hour  54anickel   Aug-25-04 11:10 AM   #39 
  - Dearth of new wells drilled could keep oil prices high  54anickel   Aug-25-04 11:22 AM   #41 
  - 1:09 EST numbers and blather (WHEE!)  UpInArms   Aug-25-04 12:11 PM   #43 
  - Yen intervention hasn't hampered Fed--Greenspan  UpInArms   Aug-25-04 12:38 PM   #44 
  - You dare to question! The great, magnificient wizard of Oz has SPOKEN!  54anickel   Aug-25-04 12:49 PM   #47 
  - Fed will be flexible, oil hits growth, Guynn says  UpInArms   Aug-25-04 12:40 PM   #45 
  - 1:31 EST numbers and (must read to believe) blather  UpInArms   Aug-25-04 12:43 PM   #46 
  - Maybe the blather authors read DU and have decided that  54anickel   Aug-25-04 12:51 PM   #48 
     - or maybe they've been struck dumb and what they see..  KoKo01   Aug-25-04 02:42 PM   #61 
  - Sleeping with The Debt - Mogambo  54anickel   Aug-25-04 01:25 PM   #50 
  - 2:25 Pump it up baby!!!! (outdated blather)  54anickel   Aug-25-04 01:27 PM   #51 
  - Gold Rises in New York on Terrorism Concerns After 2 Russian Planes Crash  54anickel   Aug-25-04 01:56 PM   #54 
  - Screaming from my soap box! (Generation gap?)  54anickel   Aug-25-04 02:13 PM   #55 
  - I don't know about this rant. I don't think it's a generational problem,  KoKo01   Aug-25-04 02:35 PM   #59 
     - Yes, I suppose it is more of a policy than generational issue, perhaps  54anickel   Aug-25-04 03:08 PM   #63 
        - It's "ugly and sad" ...agree. But not all the boomers were "flower  KoKo01   Aug-25-04 09:10 PM   #73 
  - 3:13 update. Any last hour surprises today?  54anickel   Aug-25-04 02:17 PM   #56 
  - U.S. Treasuries firmer, but auction disappoints  54anickel   Aug-25-04 02:20 PM   #57 
  - hmmm...."indirect bidders and customers of primary dealers...and....  KoKo01   Aug-25-04 02:38 PM   #60 
  - In search of a golden fleece  54anickel   Aug-25-04 02:57 PM   #62 
  - Closing numbers - a "Fantabulous rally"  54anickel   Aug-25-04 03:19 PM   #64 
  - A final splash of closing blather  54anickel   Aug-25-04 06:05 PM   #65 
  - Cartoon  KoKo01   Aug-25-04 06:13 PM   #66 
  - Here's a cartoon...  KoKo01   Aug-25-04 06:16 PM   #67 
     - Whaddaya up to there KoKo?  54anickel   Aug-25-04 06:53 PM   #68 
        - Sorry...after five test....for "tests" of Microsoft against "Netscape."  KoKo01   Aug-25-04 07:03 PM   #69 
           - Hi KoKo!  UpInArms   Aug-25-04 07:07 PM   #70 
           - Ahh, you always make me smile KoKo. No problem, sorry to have  54anickel   Aug-25-04 07:18 PM   #71 
              - ROFL...fugedaboutit? (did I get that right?) whatever..thanks to you  KoKo01   Aug-25-04 08:22 PM   #72 

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