The Nikkei Soars! ...Are the Bull Stocks back?

[Buraku]

[Buraku]

It's difficult to stay safe

many have run to gold and bonds

http://www.investors.com/editorial/IBDArticles.asp?artsec=1&artnum=5&issue=20081014
....Stocks worsened in late trading Tuesday, with all of the major indexes now in negative territory. The Dow turned triple-digit gains into triple-digit losses.

2:42 p.m. EDT, the Nasdaq and the S&P 500 shed S&P 1.7%. The Dow dropped 1.8% and NYSE composite 1.6%.

Volume was again tracking higher on both exchanges.

A number of Nasdaq heavyweights got hit.

Amazon.com (AMZN) tumbled 6.90 to 55.12 in heavy trading. The Web retailer took out Monday's high and low.

Apple (AAPL) reversed and dropped 5.38, or 5%, to 104.88 in active trading. Just ahead of the holiday season, the company unveiled several new laptop computers. Its lowest-priced model MacBook now starts at $999, down from $1099 currently.

Intel (INTC) also reversed ahead of its Q3 report after the bell. It fell 0.93, or 5%, to 16.06 in fast trade. Analysts expect the chip giant to post earnings of 34 cents a share on sales of $10.26 billion. The chipmaker's results and outlook will give insight into the technology spending environment.

Meanwhile, CSX (CSX) reversed early gains and dumped 2.66, or 5%, to 47.21 ahead of its earnings after the close. It turned tail from an intraday high of 53.84. The rail operators is expected to earn 93 cents a share, up 39%

[Buraku]

Let's hope this happy run can last, stocks need to stay positive and the nikkei needs to do good

but I have my doubts
some describe it as a "dead cat bounce"

http://www.deltafunk.com/images/dead%20cat%20bounce.jpg


the vultures might devour this bull run and murder it by the end of the week

McCain proposes $52.5 billion economic plan BLUE BELL, Pa. (AP) John McCain, echoing both Barack Obama and Republican orthodoxy, proposed a $52.5 billion economic plan Tuesday that would eliminate taxes on unemployment benefits and cut the capital gains tax. He warned voters about taking a chance on his Democratic rival. "Perhaps never before in history have the American people been asked to risk so much based on so little," McCain said of his opponent during a speech at a community college in this Philadelphia suburb. Ohio executes man who argued he was too fat to die

[emperor]

Long time no post ladies & gents!

[Greji]

Long time no post ladies & gents!

Long time no see Emp! You ain't been out with a case of blue balls as well, have you?

[Buraku]

(Bloomberg) -- Speculation the Bank of Japan will cut interest rates for the first time in seven years jumped after the Nikkei newspaper reported that the central bank may halve its target rate this week.
http://www.bloomberg.com/apps/news?pid=20601087&sid=azxgs0NQ1Hb4&refer=home
The chance that the central bank will lower the benchmark lending rate to 0.25 percent from 0.5 percent on Oct. 31 rose to 62 percent from 8 percent yesterday, according to calculations by JPMorgan Chase & Co. using overnight interest-rate swaps.

The Nikkei reported that central bank policy makers are leaning toward lowering borrowing costs this week, without citing any sources. The bank came under pressure to cut rates after the yen surged to a 13-year high, driving the stock market to its lowest since 1982. The policy board will make its decision taking market moves into account, the Nikkei said.

``Financial markets are factoring in a rate cut,'' said Yasunari Ueno, chief market economist at Mizuho Securities Co. in Tokyo. ``It's becoming increasingly difficult for the central bank to forego the option.''

Yoshihiro Sugimoto, chief press officer at the Bank of Japan, declined to comment on the Nikkei report.

Japan's stocks surged a second day as speculation for a rate cut spurred the steepest drop in the yen in three decades, boosting earnings prospects for makers of cars and electronics.

The Nikkei 225 Stock Average climbed 4 percent as of 12:58 p.m. in Tokyo. The yen traded at 96.68 per dollar from 98.03 late yesterday in New York, when it fell the most since 1974. The currency rose to 90.93 on Oct. 24, the highest since 1995.