Miercoles 03/08/11 ocho dia de bajas y contando

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Dow Extends Longest Drop Since 1978
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By Michael P. Regan and Rita Nazareth - Aug 3, 2011 11:49 AM ET

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Traders work on the floor of the New York Stock Exchange (NYSE) in New York on Aug. 3, 2011. Photographer: Scott Eells/Bloomberg
 
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Aug. 3 (Bloomberg) -- Barton Biggs, managing partner and co-founder of Traxis Partners LP, talks about the U.S. stock market and his investment strategy. He speaks with Erik Schatzker on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
 
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Aug. 3 (Bloomberg) -- Hugh Johnson, chairman of Hugh Johnson Advisors LLC, talks about ADP Employer Services' jobs data for July and the outlook for the U.S. economy. Companies in the U.S. added 114,000 workers to payrolls in July, following a revised 145,000 gain the prior month, according to figures from ADP. Johnson speaks with Betty Liu, Scarlet Fu and Michael McKee on Bloomberg Television's "In the Loop." (Source: Bloomberg)
 
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Aug. 2 (Bloomberg) -- Martin Feldstein, an economics professor at Harvard University, talks about the risk of the U.S. economy slipping into a recession. Feldstein, speaking with Tom Keene on Bloomberg Television's "Surveillance Midday," also discusses the interference of politics in crafting deficit reducing legislation. (Source: Bloomberg)
 
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Aug. 3 (Bloomberg) -- Nader Naeimi, a Sydney-based strategist at AMP Capital Investors Ltd., discusses the outlook for the U.S. economy and further Federal Reserve quantitative easing. He speaks from Sydney with Linzie Janis on Bloomberg Television's "First Look." (Source: Bloomberg)
 
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Aug. 3 (Bloomberg) -- Shane Oliver, head of investment strategy at AMP Capital Investors Ltd. in Sydney, talks about the outlook for Reserve Bank of Australia monetary policy. Oliver also discusses U.S. and European debt problems and Asia currencies. He speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)
 
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Aug. 1 (Bloomberg) -- Khiem Do, Hong Kong-based head of multi-asset strategy at Baring Asset Management Ltd., talks about the outlook for the U.S. debt rating and his investment strategy. President Barack Obama said leaders of both parties in the U.S. House and Senate had approved an agreement to raise the limit and cut the federal deficit. Do speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)
U.S. stocks fell, extending the longest slump since 1978 for the Dow Jones Industrial Average, and Treasuries rose as concern the economy is slowing overshadowed the cheapest equity valuations in a year. Oil tumbled, while the franc slid as Switzerland cut interest rates.
The Dow slid for a ninth straight day, losing 76.18 points to an almost four-month low of 11,789.76 at 11:44 a.m. in New York. The S&P 500 declined 0.6 percent after yesterday’s plunge erased the gauge’s 2011 gain and left it trading at 13.8 times reported earnings. The Stoxx Europe 600 Index sank 2 percent. Oil retreated 1.8 percent following a government report showing an increase in stockpiles. The franc weakened against 13 of its 16 major peers. Gains in Treasuries sent the 10-year yield down four basis points to an eight-month low of 2.58 percent.
More than $2 trillion was erased from the value of global equities in the past week amid concern the economic recovery is faltering. Service industries expanded in July at the slowest pace since February 2010 as orders and employment cooled, data from the Institute for Supply Management showed, a sign the biggest part of the U.S. economy had little momentum entering the second half.
“Valuation is compelling, corporate earnings are compelling, but the economic environment is challenging” said David Sowerby, a Bloomfield Hills, Michigan-based money manager at Loomis Sayles & Co., which oversees $155 billion.
Chevron Corp., Pfizer Inc. and Caterpillar Inc. lost more than 1.6 percent to lead losses in the Dow today. Nine of 10 industry groups in the S&P 500 declined today, led by a 1.9 percent slump in energy producers.
Fed Predictions
Thirty-year Treasury bond yields decreased for a fifth straight day, losing six basis points to 3.85 percent, the lowest level since October. The 30-year rate reached a record low 2.5 percent on Dec. 18, 2008, amid the worst economy since World War II, credit-market losses exceeding $1 trillion and the biggest drop in the S&P 500 since 1931.
Pacific Investment Management Co. and BlackRock Inc., which together oversee almost $5 trillion, say the U.S. economy is stalling. Bill Gross, who runs the world’s biggest bond fund at Pimco, and Peter Fisher, head of fixed income at BlackRock, say the Federal Reserve is preparing measures to counter the slowdown.
The Fed may arrange a third round of quantitative easing, known as QE3, Gross said. The central bank purchased bonds to cap borrowing costs in the first two easing efforts. The Fed has also promised to keep the target for overnight bank lending low for an “extended period.” Policy makers cut the target rate to a range of zero to 0.25 percent in 2008 to support the economy.
‘Dusting Off’
The Fed may need to consider signaling a longer commitment to low interest rates, according to BlackRock’s Fisher, who is based in New York.
“I believe the Fed is dusting off contingency plans if the economy does not improve,” he said in a report that BlackRock distributed by e-mail today. Fisher worked for 15 years at the Fed Bank of New York, according to BlackRock, which has $3.66 trillion in assets.
U.S. gross domestic product expanded at a 1.3 percent annual rate in the second quarter, after a 0.4 percent pace in the prior period, the worst six months since the recovery began in June 2009, according to the Commerce Department.
Investors were awaiting a government employment report in two days, which economists forecast will show the U.S. added a net 85,000 jobs last month including a 115,000 boost to private- sector employment. A private payroll survey by ADP Employer Services showed U.S. companies added 114,000 workers in July, topping the median forecast of economists surveyed by Bloomberg News for an increase of 100,000.
European Shares
Almost eight stocks fell for every one that gained in the Stoxx Europe 600 Index. Societe Generale SA slid 9.5 percent as France’s second-largest bank said it may miss its 2012 earnings target after second-quarter profit fell.
The franc depreciated 1.1 percent to 91.35 euro cents after strengthening to a record yesterday as investors pursued assets considered to be the safest. The franc weakened 0.4 percent from an all-time high versus the dollar. The Swiss National Bank lowered its target for the three-month Libor to “as close to zero as possible” from 0.25 percent. The Zurich-based central bank said it will also expand banks’ sight deposits, or cash which can be withdrawn on demand, to 80 billion Swiss francs ($103 billion) from 30 billion francs and repurchase outstanding SNB Bills, according to a statement today.
Oil fell 1.8 percent to $92.09 a barrel on the New York Mercantile Exchange. The S&P GSCI index of 24 commodities dropped 1.3 percent, the sixth straight decline and the longest losing streak since May 2010. Gold for immediate delivery climbed as much as 0.7 percent to a record $1,672.80 an ounce, before paring its gain to 0.4 percent and selling for $1,667.05.

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-92

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Master Card +9%

[Victor VE]

Candente Copper DNT MINERAS 1.49 02/08/2011 1.40 1.33 1.33 1.38 95,590 21 -10.14 US$ 129,654

Que tal caida, motivo??

[jonibol]

Me parece importante recordar que el rebote de Lima fue con bajo volumen que sólo se incrementó en el techo.
Las señales del nuevo gobierno ya fueron asumidas antes del mensaje, por lo que se está aprovechando en corregir.

[Victor VE]

Cómo ven? esto sigue cayendo o por el momento es suficiente? Lima esta interesante, pero con Jimenez encima me ha dado ganas de mandar todo al tacho.

[RCHF]

Energy & Oil Prices
OIL ($/bbl)

PRICE* CHANGE % CHANGE TIME
Nymex Crude Future 91.65 -2.14 -2.28% 13:28
Dated Brent Spot 113.44 -1.88 -1.63% 13:39
WTI Cushing Spot 92.16 -1.63 -1.74% 11:55

[admin]

El Dow Jones dio la vuelta paso a positivo y ahora unos puntos a la baja.

-11.32

[admin]

OIl down 91.85

El petroleo ya ha bajado bastante

[Victor VE]

Me parece que SCCO puede seguir bajando un par de dolares mas.

[admin]

EPU -0.95%

-8.67

[admin]

Apostando a un ligero repunte

-6.10

[admin]

-15.22

[admin]

AAPL +0.84%

GS +0.77%

PAAS +4.74%