Great Action Selling on Wall Street, the Dow Jones trimmed down 419 pts

NEW YORK - Wall Street again hit by massive selling, triggered other concerns about a recession. This time the investor is worried about the health of European banks.

Concerns about the health of European banks have been eroded before the shares in the stock of Europe. It was triggered by Germany and France plan to be taxing financial transactions.

Investors worried about the ability of banks in Europe to face the crisis this time. Moreover, the Wall Street Journal reported the U.S. central bank is worried about the liquidity problems of banks in Europe, thereby directly trigger the selloff in European markets. Societe Generale shares immediately fell by 12%.

Negative economic data from U.S. regional manufacturing also contribute to a negative sentiment. The survey showed manufacturing activity in the Mid-Atlantic United States as the Central Bank of Philadelphia released showed a decrease during August to its lowest point since March 2009.

"Are we heading into recession? Most market participants are looking at a slow and steady growth, but the statistical and financial situation of the economy here and abroad had disrupted the view that," says Richard Weiss, an analyst at American Century Investments was quoted as saying by Reuters on Friday ( 19/08/2011).

In trading Thursday (18/08/2011), the Dow Jones industrial average closed up 419.63 points slump (3.68%) to a level of 10990.58. The broader Standard & Poor's 500 index also fell 53.24 points (4.46%) to a level of 1140.65 and Nasdaq slid 131.05 points (5.22%) to a level of 2380.43.

Thus, Wall Street again experienced a very volatile week, with the CBOE volatility index, or VIX Volatility Index rose to 38% to 43.56. Trade also runs very crowded with transactions on the New York Stock Exchange reached 11.4 billion shares.

Some stocks that triggered a large decline in the Dow Jones is a decrease in IBM stock which hinga slumped 4.5% to U.S. $ 163.83, United Technologies dropped 5.5% to U.S. $ 68.12. On Nasdaq, shares of Oracle fell by 8.3% to U.S. $ 2519. Hewlett-Packard Co. shares also fell by 6.1% after releasing its financial statements.

Banking sector stocks also fell, Bank of America shares fell by 6%, Citigroup dropped 6.3%.

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Observer: Moody's likely to follow the S & P "Moody's new warning only, not downgraded U.S. debt."

An international rating agency, Standard & Poor's (S & P) downgraded the debt the United States from AAA to AA +. Decrease the degree of debt one level it is a result of the turmoil related to the determination of a limit on debate of new debt between the U.S. government and congress.

According to Kahlil Rowter, market analyst from the University of Indonesia, other international agencies, Moody's has so far not downgrade U.S. debt. "Moody's new warning only, not downgraded the U.S.," said Kahlil told VIVAnews.com in Jakarta, Tuesday, August 9, 2011.

Because, he said, the two leading rating agencies are not always consistent. However, Kahlil said, likely in the near term, Moody's also downgraded the U.S. debt. "Not too much longer, whether the U.S. central government bonds and local government," he said.

Former managing director of PT Indonesia added that Rating Agency, the ranking of countries, S & P is more concerned on the market. Meanwhile, in order to rank the local government and private U.S. companies, most often noted Moody's.

Previously, Moody's warned of possible downgrades to U.S. government debt securities, if the measures planned to reduce the budget deficit was not 'credible'.

However, Moody's analyst Steven Hess, said that it was still set at the position of the U.S. debt rating of AAA, because cautious about the U.S. debt rating. Especially, after the government plans to reduce the deficit by injecting funds of U.S. $ 2.1 trillion to prop up the U.S. debt.

"However, it is not always enough to keep the rating on stable outlook," he said as reported chicagotribune page.

Moody's previously put the U.S. on a 'review to be downgraded' on July 13, before giving AAA ratings and affirmed ratings on Aug. 2. Especially, after the U.S. Congress passed the fiscal deficit-cutting plan and raise the borrowing limit. (Art)

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Wall Street surge, JCI Ready to tow

Composite Stock Price Index (CSPI) closed yesterday fell by 155 points despite a rebound print amid thin trading session II. Investors still follow the spittle-regional exchanges which worsened after the U.S. downgrading.

In trading on Tuesday (08/09/2011), Jakarta Composite Index closed fell 155.147 points (3.00%) to a level of 3735.119. LQ 45 index closed down 21.432 points, collapsed (3.14%) to a level of 660,514.

Soaring Wall Street is expected to be positive sentiment that drives JCI into positive territory. Investors will resume buying stocks that have great discounted, thus making the JCI in trading Wednesday (08/10/2011) moves in the positive territory.

Last night Wall Street rose sharply responded to the Federal Reserve's decision to keep interest rates low extra in the next 2 years. Investors hoped the decision would make the economic recovery process runs on the right track.

In trading Tuesday (09/08/2011), the Dow Jones industrial average shot up 429.92 points closed (3.89%) to a level of 11239.77. The broader Standard & Poor's 500 shot 53.07 points (4.74%) to a level of 1172.53 and the Nasdaq jumped 124.83 points (5.29%) to a level of 2482.52.

Asian bourses gained directly participate. The movement of these regional exchanges on Wednesday morning are:

KOSPI index rose 76.05 points (4.22%) to a level of 1877.40.
Nikkei-225 index rose 166.33 points (1.86%) to a level of 9110.81.
The S & P / ASX rose 66 points (1.4%) to a level of 4100.8.


The following recommendations for the stock today:

eTrading Securities:

Jakarta Composite Index closed down yesterday returned 115 points (-3.00%) to a level of 3,735.12 amid the panic of investors responding to the negative sentiment from the U.S. beat the news release of data on the BI Rate at 6.75% level remained. The whole sector today has decreased and the total transactions amounted to 20.3 million lots, equivalent to Rp9.5 trillion.

Recorded a total of 29 shares rose, 200 stocks declined, 37 stocks unchanged and 142 shares are not traded at all. Stocks into decline in the index today anchoring al EMTK, excl, INTP, FPNI MTFN and while the stock exchange yesterday al biggest ballast BBCA, BBRI, TLKM, UNVR and ADRO. Recorded net foreign conduct amounting to Rp914 billion to sell the most shares sold is ASII, BBCA, BBRI, UNTR and ADRO.

Technically JCI is still in the selling pressure, estimated in the trade today (10 / 8) bergereak JCI would still fluctuate with the tendency still to see is still not corrected the reversal of motion signals such as stochastic and MACD indicators are still moving downtrend. It is estimated that JCI will move in the range 3568 - 3870 with stocks that can be considered al AKRA, INTA, and BBR

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Wall Street these days thanks to the Fed's Strong Darting

The results of the meeting the U.S. central bank (Federal Reserve) to make Wall Street back bright cheerful. The Dow Jones even sped up to nearly 4% after 2 days earlier slumped to its lowest point since the last 2 years.

The Fed at its meeting decided to keep interest rates low in the range of 0 to 0.25 extra% for the next 2 years in connection with the weakening economy. Extra-low interest rates that have been pegged since December 2008 will be maintained at least until mid-2013.

The Federal Open Market Committee (FOMC) during the first days after the meeting, said that currently they estimate the growth at a slower rate in the next few quarters, than forecast in June. The risk of economic weakness also improved.

However, the FOMC did not mention the replacement of the program Quantitative Easing (QE2) snilai U.S. $ 600 billion, which had ended in June, although they claimed was reviewing the device to boost economic growth currently slowing.

Stocks surge occurs in the final hours of trading, the Dow Jones index had been 150 points in negative territory 45 minutes before the announcement. The market reversed course to 6-fold after the Fed statement.

"Three or four weeks, the stock market has been discounted to a mild recession," said Mohannad AAMA, managing director of Capital Management LLC, as quoted by Reuters on Wednesday (10/08/2011).

"Now after the Fed announcement, the market has started factoring in what the response from the Fed and the government in the future. There is little prospect of fiscal stimulus that aims to create jobs. FOMC's statement today is a positive for stocks," he added.

In trading Tuesday (09/08/2011), the Dow Jones industrial average shot up 429.92 points closed (3.89%) to a level of 11239.77. The broader Standard & Poor's 500 shot 53.07 points (4.74%) to a level of 1172.53 and the Nasdaq jumped 124.83 points (5.29%) to a level of 2482.52.

Banking sector stocks surged and rose from the ground up, with the KBW index rose to 6.7%. Bank of America shares jumped to 16.74% after Monday slumped to 20.3%.

On Nasdaq, shares of eBay jumped to 11.6%, Yahoo jumped 8.75% and Apple rose 5.6%.

Trade went very crowded, with transactions on the New York Stock Exchange reached 16.4 billion shares, nearly double the daily average of 7.75 billion shares.

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Dollar Dollar

"Dolar" redirects here. For the Slovenian philosopher, see Mladen Dolar.
For other uses, see Dollar (disambiguation).
United States dollar bill

The dollar (often represented by the dollar sign $) is the name of the official currency of many countries, including Australia, Belize, Brunei, Canada, East Timor, the Eastern Caribbean territories, Ecuador, El Salvador, Hong Kong, New Zealand, Panama, Singapore, Suriname, Taiwan, and the United States.

Etymology

On the 15th of January, 1520, Count Hieronymus Schlick (Czech: Jeroným Šlik z Passounu) of Bohemia began minting coins known as Joachimsthaler, named for Joachimstal (modern Jáchymov in the Czech Republic), where the silver was mined.[1] (In German, thal or tal refers to a valley or dale.) "Joachimsthaler" was later shortened in common usage to taler or thaler (same pronunciation), Czech tolar and this shortened word eventually found its way into Danish and Norwegian as (rigs)daler, Swedish as (riks)daler, Dutch as (rijks)daalder, Ethiopian as ታላሪ talari, Italian as tallero, Flemish as daelder, Persian as Dare, and into English as dollar.[1]
[edit] Development of use

The coins minted at Joachimsthal soon lent their name to other coins of similar size and weight from other places. One such example, the Dutch lion dollar, circulated throughout the Middle East and was imitated in several German and Italian cities. Carried by Dutch traders, this coin was also popular in the Dutch East Indies as well as in the Dutch New Netherland Colony (New York), and circulated throughout the Thirteen Colonies during the 17th and early 18th centuries. Some well-worn examples circulating in the Colonies were known as "dog dollars".[2] By the mid-18th century, the lion dollar had been replaced by the Spanish "pieces of eight" which were distributed widely in the Spanish colonies in the New World and in the Philippines.[3]

Pieces of eight (so-called because they were worth eight "reals") became known as Spanish dollars in the English-speaking world because of their similarity in size and weight to the earlier Thaler coins.
[edit] Origins of the dollar sign
Main article: Dollar sign#Origin

The dollar sign ($), an S crossed by two vertical bars, comes from the coat of arms set up by the King Ferdinand II of Aragon. The 'S' represents the motto "Non Plus Ultra" and the vertical bars symbolize the two Pillars of Hercules. This symbol (two pillars with S-shaped motto) first appeared in Spaniard 'Pieces of eight', the currency used in the American colonies of the Spanish Empire, which spread to the British colonies and would continue to be used in the United States and Canada.[citation needed]

There are also various other theories for the origin of the dollar sign. One theory, posited by the author Ayn Rand, states that the dollar sign ($) is composed of the two letters "U" and "S" superimposed and it is modern custom that the vertical bars are no longer joined at the bottom.[citation needed]
[edit] Adoption by the United States

By the American Revolution, Spanish dollars gained significance because they backed paper money authorized by the individual colonies and the Continental Congress.[3] Common in the Thirteen Colonies, Spanish dollars were even legal tender in one colony, Virginia.

On April 2, 1792, U. S. Secretary of the Treasury Alexander Hamilton reported to Congress the precise amount of silver found in Spanish milled dollar coins in common use in the States. As a result, the United States Dollar was defined[4] as a unit of weight equaling 371 4/16th grains (24.057 grams) of pure silver, or 416 grains of standard silver (standard silver being defined as 1,485 parts fine silver to 179 parts alloy[5]). It was specified that the "money of account" of the United States should be expressed in those same "dollars" or parts thereof. Additionally, all lesser-denomination coins were defined as percentages of the dollar coin, such that a half-dollar was to contain half as much silver as a dollar, quarter-dollars would contain one-fourth as much, and so on.

In an act passed in January 1837, the dollar's alloy (amount of non-silver metal present) was set at 11%. Subsequent coins would contain the same amount of pure silver as previously, but were reduced in overall weight (to 412.25 grains). On February 21, 1853, the quantity of silver in the lesser coins was reduced, with the effect that their denominations no longer represented their silver content relative to dollar coins.

Various acts have subsequently been passed affecting the amount and type of metal in U. S. coins, so that today there is no legal definition of the term "dollar" to be found in U. S. statute.[6][7][8] Currently the closest thing to a definition is found in United States Code Title 31, Section 5116, paragraph b, subsection 2: "The Secretary [of the Treasury] shall sell silver under conditions the Secretary considers appropriate for at least $1.292929292 a fine troy ounce."

Silver was mostly removed from U. S. coinage by 1965 and the dollar became a free-floating fiat currency without a commodity backing defined in terms of real gold or silver. The US Mint continues to make silver $1-denomination coins, but these are not intended for general circulation.
[edit] Usage in Great Britain

The word dollar had been in use in the English language as a variant for thaler for about 200 years before the founding of the United States, with many quotes in the plays of Shakespeare referring to dollars as money. Coins known as "Thistle dollars" were in use in Scotland during the 16th and 17th century,[9] and use of the English word, and perhaps even the use of the coin, may have begun at the University of St Andrews.[citation needed] This might be supported by a reference to the sum of "ten thousand dollars" in Macbeth (Act I, Scene II) (an anachronism because the real Macbeth, upon whom the play was based, lived in the 11th century).

In 1804, a British five-shilling piece, or crown, was sometimes called "dollar". It was an overstruck Spanish 8 Real coin (the famous 'piece of eight'), the original of which was known as a Spanish dollar. Large numbers of these 8-real coins were captured during the Napoleonic Wars, hence their re-use by the Bank of England. They remained in use until 1811.[10] During World War II, when the US dollar was (approximately) valued at 5 shillings, the halfcrown (2s 6d) became nicknamed a "half dollar" by US personnel in the UK.
[edit] Usage elsewhere

Chinese demand for silver in the 19th and early 20th centuries led several countries, notably the United Kingdom, United States and Japan, to mint trade dollars, which were often of slightly different weights to comparable domestic coinage. Silver dollars reaching China (whether Spanish, Trade, or other) were often stamped with Chinese characters known as "chop marks", which indicated that that particular coin had been assayed by a well-known merchant and determined genuine.
[edit] Other national currencies called "Dollar"
Australian one-dollar coin
A New Zealand one-dollar coin
One New Taiwan dollar coin

Prior to 1873, the silver dollar circulated in many parts of the world, with a value in relation to the British gold sovereign of roughly $1 = 4s 2d (21p approx). As a result of the decision of the German Empire to stop minting silver thaler coins in 1871, in the wake of the Franco-Prussian war, the worldwide price of silver began to fall.[11] This resulted in the US Coinage Act (1873) which put the United States on to a 'de facto' gold standard. Canada and Newfoundland were already on the gold standard, and the result was that the value of the dollar in North America increased in relation to silver dollars being used elsewhere, particularly Latin America and the Far East. By 1900, value of silver dollars had fallen to 50 percent of gold dollars. Following abandonment of the gold standard by Canada in 1931, the Canadian dollar began to drift away from parity with the US dollar. It returned to parity a few times, but since the end of the Bretton Woods system of fixed exchange rates that was agreed in 1944, the Canadian dollar has been floating against the US dollar. The silver dollars of Latin America and South East Asia began to diverge from each other as well during the course of the 20th century. The Straits dollar adopted a gold exchange standard in 1906 after it had been forced to rise in value against other silver dollars in the region. Hence, by 1935, when China and Hong Kong came off the silver standard, the Straits dollar was worth 2s 4d (11.5p approx) sterling, whereas the Hong Kong dollar was worth only 1s 3d sterling (6p approx).

Existing dollar units today are the Bahamian dollar, the Barbados dollar, the Cayman Islands dollar, the Belize dollar, the Bermuda dollar, the Brunei dollar, the Canadian dollar, the East Caribbean dollar, the Guyanese dollar, the Hong Kong dollar, the New Taiwan dollar, the Singapore dollar, the Trinidad and Tobago dollar, and the United States dollar. The only ones on this list that have still retained their original parity from the days of the universal Spanish dollar are the Singapore dollar and the Brunei dollar.

The term "dollar" has also been adopted by other countries for currencies which do not share a common history with other dollars. Many of these currencies adopted the name after moving from a £sd-based to a decimalized monetary system. Examples include the Australian dollar, the New Zealand dollar, the Jamaican dollar, the Cayman Islands dollar, the Fiji dollar, the Namibian dollar, the Rhodesian dollar, the Zimbabwe dollar, and the Solomon Islands dollar.

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Stock dive, JCI Threatened

Composite Stock Price Index (JCI) yesterday moved anomaly even scored a record high at the level of 4174 after winning 41 points. JCI strengthened regional bourses despite being under pressure.

In trading on Wednesday (27/07/2011), JCI dashed 41.335 points (1.00%) to a level of 4174.112. While LQ 45 Index rose 9.954 points (1.36%) to a level of 740.992.

Despite continued moving anomalies, but the decline of the world's major bourses will again be a stumbling block in Indonesia's stock market. JCI in trading Thursday (28/07/2011)

Wall Street re-record the worst day in 8 months. Weak financial reports, economic data are not good and upheaval of the U.S. debt that would not go any settlement made stocks weakened.

In trading Wednesday (27/07/2011), the Dow Jones industrial average closed down 198.75 points (1.59%) to a level of 12302.55. The broader Standard & Poor's 500 index also fell 27.05 points (2.03%) to a level of 1304.89 and the Nasdaq fell 75.17 points (2.65%) to a level of 2764.79.

Japanese stocks also directly involved experienced a sharp correction. Started trading on Thursday, the Nikkei-225 index slumped immediately below 10,000 level, namely at the level of 9927.91 after declining up 119.28 points (1.19%).

The following recommendations for the stock today:

eTrading Securities:

In trading yesterday Jakarta Composite Index rose 41 points (+1.00%) to a level of 4,174.11 by the number of transactions as many as 16 million lots and value of transactions amounting to Rp6.2 trillion. Almost all sectors of the stock in trade except strengthened consumer and infrastructure sectors.

Recorded as many as 126 stocks gain, 108 stocks declined, 95 stocks unchanged and 124 shares are not traded at all. Stocks that become the motor of the largest stock exchange yesterday al BBRI, BBNI, BMRI, ENRG and UNTR. While the largest stock exchange ballast al EARTH, ELTY, BORN, PGAS and ITMG. Recorded net foreign conduct amounting to Rp394 billion to buy shares of the most widely purchased is BBRI, BBNI, UNTR, BMRI and ADRO.

Technically, the JCI is moving again rose for two consecutive days brought the candlestick out of the upper Bollinger band on the line when the indicator has entered the overbought area for it to look out for a reversal or reversal signal for adjusting the position of JCI has been in the overbought area. In trading today (28 / 7), JCI consolidation we expect to move in 4133-4212 range, while stocks can be considered al MAPI, BBRI, and PTBA.

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Pressing the debt crisis of Wall Street Continues

Wall Street re-record the worst day in 8 months. Weak financial reports, economic data are not good and upheaval of the U.S. debt that would not go any settlement made stocks weakened.

The debate on the question of rising U.S. debt limit before the August 2 deadline for the attention of investors. But the negative sentiment is still coupled by disappointment with the financial statements of industrial and technology sectors.

The last statement from the White House is that the government could 'lose smoke' if the debt limit was not raised until the deadline. In addition to potential U.S. debt default, the U.S. government is also facing a credit downgrade.

"The market is beginning to show real concern to the default. I do not think this will happen, but whether we are facing a decrease (ranking)? This is increasingly becoming a possibility every day," said Peter Cardillo, chief market economist at Avalon Partners was quoted as saying by Reuters on Thursday (28/07/2011).

In trading Wednesday (27/07/2011), the Dow Jones industrial average closed down 198.75 points slump (1.59%) to a level of 12302.55. The broader Standard & Poor's 500 index also fell 27.05 points (2.03%) to a level of 1304.89 and the Nasdaq fell 75.17 points (2.65%) to a level of 2764.79.

"The disappointment of the last financial statements causing people to rethink their portfolios and move some things around, especially around the technology side," said Adam Tracy, an analyst with Stifel Nicholas.

Financial stocks came under pressure from the weight of uncertainty, with Bank of America shares fell 3.2% was recorded. While stocks are sensitive to the economy such as Caterpillar also down 3.7%.

Delta Air Lines stock fell by 5.1%, after announcing its profit fell by 58% compared to the previous year.

Trade went very crowded, with transactions on the New York Stock Exchange reached 8.69 billion shares, above the daily average reached 7.47 billion shares.

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IHSG Can Translucent to 4200 Levels

Along with the movement melajunya Composite Stock Price Index (CSPI) is increasingly confident, then until the end of 2011, the JCI is predicted to penetrate at the level of 4200.

"Capital market until the end of 2011 could reach 4200 levels," said the Economic Observer Faisal Basri, when met in the Market Outlook Q3rd 2011, The Best Thought of Commodities, at Plaza Senayan Arcadia, Jakarta, Monday (07/18/2011) night.

The cause of JCI will penetrate at the level of 4200 until the end of 2011 due to 95 levels of confidence the economy through 2015 will be expanded continuously.

The existence of the level of economic confidence was due to Indonesia's economic fundamentals are likely to be stable when compared with other emerging market countries that are unstable from either side of the economy and political conditions.

"The political situation in Indonesia, tend to be stable when compared with other Asian countries, for example, in Malaysia alone was not allowed to do demonstrations," he explained.

As reported previously, the current economy in the United States (U.S.) tend to have stable, not to mention the debate over the debt limit of As between Democrats and Republicans who until now has not it also results in nothing. In addition, the debt crisis in the European zone which is not yet stable are also a marker that the economic situation in both begara has not stabilized properly.

On the other hand, income per capita in Indonesia that reached USD3ribu, with the economic situation such as this Faisal also predicts that next year's income per capita of Indonesia's population could reach USD4000

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Still worried about debt, U.S. stocks fell

NEW YORK, The stock market is like a roller coaster. Just one day after the Dow Jones index posted its best performance so far this year, stock prices on Wall Street back sag in trading Wednesday (07/20/2011) local time.

Analysts said worries about the U.S. debt ceiling still haunts despite a good financial reports from Apple and several other large companies. "In situations like this, in the next few days the market seems to be experiencing tough times," says Brad Sorensen, an analyst at Charles Schwab.

Positive developments on the rise in U.S. debt ceiling to make passionate on the trade market on Tuesday (07/19/2011). The Dow Jones rose 220 ​​points which is the best day so far this year.

But investors seemed to wake up on Wednesday and found the politicians in Washington are still noisy. At least about two weeks before the government was eliminating the risk of default, trading in the stock market will continue to be depressed. The Dow Jones fell 15.51 points, or 0.1 percent, to close at 12571.91. The S & P 500 lost 0.89 points to 1325.84 and the Nasdaq slipped 12.29 points, or 0.4 percent, to 2814.23.

While shares of Apple Inc. jumped 2.7 percent after the earnings announcement than doubled last quarter. Apple's sales increased fourfold in Asia. "Typically, a good corporate performance reports and news on the business deal will make investors excited," said Sorenson.

In the spring of this report, for example, the performance of 75 percent of the companies listed in the ranks of the Standard & Poor's 500 surpassed analysts' estimates. However, concerns about debt in both the U.S. and Europe made investors more cautious.

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1800 Touch Gold Price Predicted Dollar

NEW YORK, KOMPAS.com - A number of analysts predict, the price of gold will continue to rise this year. One is Newedge USA LLC which predict gold prices will go up to touch the level of 1800 U.S. dollars per troy ounce by the end of next year.

In addition, Newedge also meproyeksikan rise in silver prices that would reach 70 U.S. dollars per troy ounce in March 2012. Newedge reasoned, the high level of demand from Asia as well as action on the entire stock of gold investors as a hedge into a number of causes.

"Gold is proving to be one means to protect wealth in hard times. Demand for gold and silver from Asia will remain high for a considerable period of time. In addition, economic trends in the West getting better," said Mike Frawley, global head of metals Newedge.

The prediction shows, the gold price will surge by 13 percent from current levels. Just a reminder, the price of gold touched a record high in history on July 19 last at the level of 1610.70 U.S. dollars per troy ounce. Meanwhile, silver prices forecast indicates, these metal prices will jump 77 percent from its closing price yesterday

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