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  #1  
Old July 15th, 2002, 12:20 PM
Mitchell_Bhai Mitchell_Bhai is offline
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Market today??????

Dow down more than 350 points

Nasdaq down more than 40

Lagta hai ab fettucine alfredo kee jagah khicdee khanee padaygee mujhay for the next few months.
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  #2  
Old July 15th, 2002, 12:30 PM
Rahul Rahul is offline
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Unhappy Re: Market today??????

Quote:
Originally posted by Mitchell_Bhai
Dow down more than 350 points

Nasdaq down more than 40

Lagta hai ab fettucine alfredo kee jagah khicdee khanee padaygee mujhay for the next few months.
Saala yeh Bush hi ghode ka baal hain, jubse aaya hain kuch na kuch problem chal hi rahi hain.

Yaar bhai logo, can anyone predict anything about market future
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  #3  
Old July 15th, 2002, 12:33 PM
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Re: Re: Market today??????

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Originally posted by Rahul


Yaar bhai logo, can anyone predict anything about market future

Yes. It will go up...................................







































........and down.....and up.........and down!
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  #4  
Old July 15th, 2002, 12:35 PM
Rahul Rahul is offline
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http://www.nytimes.com/reuters/busin...ts-stocks.html

Stocks Slump for Sixth Straight Day
By REUTERS

Filed at 1:41 p.m. ET

NEW YORK (Reuters) - Stocks tumbled on Monday, pinning the Standard & Poor's 500 (.SPX) near 1997 lows, as worries about corporate skullduggery and the weakening U.S. dollar outweighed news of a proposed marriage between drug giants Pfizer Inc. (PFE.N) and Pharmacia Corp. (PHA.N).

The Dow Jones industrial average (.DJI) was on track for its sixth down session after wrapping up its worst week since the aftermath of the Sept. 11 attacks. The market's slide, fed by jitters over the second-quarter earnings season and fears of more accounting blow-ups, helped push the euro above parity with the dollar for the first time since February 2000.

``Buyers are on the sidelines until we see some positive earnings announcements and the corporate scandal cloud blows over,'' said Eric Barden, manager of the Texas Capital Value Funds. ``There's no safe harbor here. You're constantly fighting your gut instinct, which is to head for the hills.''

Major stock gauges floundered near session lows. The Dow (.DJI) fell 289.99 points, or 3.34 percent, to 8,394.54.. The blue-chip measure last suffered a six-session losing streak in mid-January.

The broad S&P 500 (.SPX) lost 27.66 points, or 3 percent, to 893.73, after falling as low as 889 to scrape out fresh depths last hit in 1997. The technology-loaded Nasdaq Composite (.IXIC) dropped 22.74 points, or 1.66 percent, to 1,350.76.

Stocks in the S&P 500 index are now selling for an average price-to-earnings ratio unseen since 1996, but investors declined to go bargain hunting as doubts over corporate credibility, fears of another attack on the United States and apprehension over the earnings season roiled Wall Street. The S&P 500 is now trading for 16.5 times earnings, compared with 16.4 times in the fourth quarter of 1996. The ratio hit a high of about 30 in the third quarter of 2000.

U.S. Treasuries rose for the fifth time in the past six sessions as another slide on Wall Street stocks sent investors to safe havens. Precious metals climbed as the euro traded above parity against the wilting U.S. dollar for the first time in two years.

``The biggest story today is the dollar falling, that's the catalyst for selling,'' said Brian Pears, head of equity trading at Victory Capital Management. ``Stock prices are weak, which causes a weaker dollar, which causes repatriation, and so on. You have a vicious cycle.''

Gold stocks were among the few bright spots on Wall Street as investors jumped into precious metals as a hedge against declining share prices, with the Gold Bugs index (.HUI) rising 2.55 percent, reflecting gains by firms such as Newmont Mining (NEM.N), up 46 cents at $29, or 1.6 percent.

Investors have been apprehensive ahead of an onslaught of earnings reports. Last week, the S&P 500 and the Dow suffered their largest weekly drops since the market reopened following the September attacks.

Roughly two-thirds of S&P 500 companies and half of the Dow 30 members are set to release results over the next two weeks. Second-quarter earnings for S&P 500 companies are expected to drop 1.5 percent from year-ago levels, according to research firm Thomson First Call.

The planned merger of Pfizer and Pharmacia left investors cold. Pfizer agreed to buy smaller rival Pharmacia in a deal valued at roughly $51 billion in stock, creating a behemoth with a global market share of 10 percent or more.

Pfizer sank $4.20 to $28 and ranked as the most active share on the New York Stock Exchange. Pharmacia jumped $6.26 to $38.85 and was the second most active on the Big Board.

FleetBoston Financial Corp. (FBF.N) dropped $2.11 to $26.93. The No. 7 U.S. banking company posted a quarterly loss as it took more than $1.1 billion in charges, in part to pay for losses in Argentina and for shutting down its Robertson Stephens investment bank.
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  #5  
Old July 15th, 2002, 12:37 PM
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market remains screwed-up as usual...things r not gonna improve until tha end of next year..atleast thats wha tha guyz here r sayin..
here at RTP,we had this Vittesse division closed for good..just last week..all mah friends there were laid-off..sab ki fatti padi haiN man..

well whateva be tha market condition rite now, playboy continues makin profits...

http://money.cnn.com/2002/07/15/news...yboy/index.htm
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  #6  
Old July 15th, 2002, 12:44 PM
Rahul Rahul is offline
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I just was talking to a friend in humor he quote, Now the only way to give DOW a boost is death of Osama, may be that kind of new can make DOW back again to 10000
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  #7  
Old July 15th, 2002, 01:31 PM
Mitchell_Bhai Mitchell_Bhai is offline
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Quote:
Originally posted by DesiBaba
things r not gonna improve until tha end of next year..atleast thats wha tha guyz here r sayin..
[/url]
In 2000 everyone was saying that by summer 2001 we will be having a strong recovery. In 2001 people were saying 2002 will be the year of recovery and a big bull market. Now people are saying 2003 1st quarter is when things will pick up.

kisi ko kuch nahin pata. Maybe US will be like japan and be in a bear market for 10 years.
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  #8  
Old July 15th, 2002, 02:56 PM
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  #9  
Old July 15th, 2002, 02:57 PM
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markit ki gaand lageli hai. aaaj office mein yahich bol rahey the.
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Old July 15th, 2002, 03:00 PM
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Quote:
Originally posted by Big-G
markit ki gaand lageli hai. aaaj office mein yahich bol rahey the.
Bus guru yehi samjh nahi aaya, jis jis ki gaand lagti hain wo sub aagey bhagtey hain, yeh Bxxxxxxxxd markit nichey kyo bhag raha hain
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  #11  
Old July 15th, 2002, 03:01 PM
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Vo is liye ki us ko ulta sulaa kar maar rahe hain.
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  #12  
Old July 15th, 2002, 03:07 PM
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Quote:
Originally posted by Big-G
markit ki gaand lageli hai. aaaj office mein yahich bol rahey the.
market apne pichwaade ka francisi chumban de ke KLPD de gayi bhalu logon ko bhai....close only -46 points(400 point rally intra day low se)
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Old July 15th, 2002, 03:07 PM
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Quote:
Originally posted by Rahul


Bus guru yehi samjh nahi aaya, jis jis ki gaand lagti hain wo sub aagey bhagtey hain, yeh Bxxxxxxxxd markit nichey kyo bhag raha hain
bhai... agar tayl laga kay maaro toh aadmi aagay bhaagta hai... magar jab sookhi lagti hai, toh maloom hai na kya hota hai?? kabhi do kuttoN ko atka hua dekha hai??
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  #14  
Old July 15th, 2002, 05:39 PM
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koi abhi bhi selling buying karta ho to ye dekh lena bhai logo

baad main mat bolna ki bataya nahin


analysis theek hai inka

link
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  #15  
Old July 15th, 2002, 05:45 PM
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From what some of my friends say

it is a repeat of the 1929-1930 sceanrio.
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