Dislikedhe was just nowIgnored
Best broker for scalpers? 162 replies
DislikedHello, what is the name of the room? malcolmb14?Ignored
DislikedFirst you got to add malcolmb14 as your Personal Contacts by clicking Manage Personal Contacts just below at 'View' Menu bars, then double click his nickname once his online and hosting public trading room at drop down list 'Personal Contact', and you will be redirected to his Chat Room. If after double click nothing happens, restart the application, hope this should work.
DislikedI have been using trading rooms for over a year.
I know how to do it, and I don't see Malcomb listed under community rooms.
I have checked about 20 times this morning. Even closing and restarting trading rooms. BTW you don't have to add him to your personal contacts to enter room.Ignored
For those who want to follow the DOW live as an extra help in determining the GJ direction WHC offers a free MT4 platform from where you can follow all markets. As indicated by Malcolm today the DOW preceded the GJ move by about 10 sec.
The symbol for the DOW is YM.
Dislikedthis from Yahoo finance ... will explain what happened today.
Do you think the feds are trying to shy away from a large interest rate cut next week ( .75%) ... seems that way. They are doing this by putting liquidity in the market.
Stocks Rise on Fed Lifeline to Wall St.
Tuesday March 11, 12:03 pm ETBy Joe Bel Bruno, AP Business Writer
Wall Street Moves Sharply Higher After Fed, Other Central Banks Move to Ease Credit Crisis
NEW YORK (AP) -- Wall Street rebounded sharply Tuesday after the Federal Reserve and other central banks said they will pump $200 billion into the financial markets to help ease the strain from the credit crisis. The Dow Jones industrials surged about 150 points.
The program is part of a worldwide effort to help struggling banks and mortgage providers. The Fed -- acting in concert with the European Central Bank, the Bank of Canada and the Swiss National Bank -- agreed to loan investment banks money in exchange for debt that includes slumping mortgage-backed securities.
The Fed's latest move was seen as a direct boost to struggling banks by avoiding having to dramatically slash interest rates when the central bank's policymaking Open Market Committee meets next week. Economists continued to be concerned about the unrelenting rise in oil prices and the dollar's weakness, which contribute to inflation -- and cutting rates only add to these pressures.
The market's reaction contrasts with its more skeptical view during the past few weeks about the central bank's ability to keep the economy out of a recession. However, this latest step was seen as a direct lifeline to investment banks -- which previously couldn't borrow in past Fed liquidity plans.
"The big problem has been the financials, and this helps supply money directly to the banks and may take some of the need for aggressive rate cutting off the table," said Peter Dunay, chief investment strategist at Meridian Equity Partners. "The Fed is basically going to take the bad loans off the banks' books, and the market seems to be loving that idea."
In midday trading, the Dow rose 152.08, or 1.30 percent, to 11,892.23. The index -- which lost more than 500 points in the last three sessions -- is still down more than 2,100 points from its October 2007 record high.
Standard & Poor's 500 index rose 14.70, or 1.15 percent, to 1,288.07, while the Nasdaq composite index added 28.59, or 1.32 percent, to 2,197.93.
Government bond prices fell as stocks rallied. The yield on the 10-year Treasury note, which moves opposite its price, spiked to 3.62 percent from 3.46 percent late Monday.
Oil prices rose as high as $109.72 in premarket trading on the New York Mercantile Exchange before falling back to $108.43. Speculation that rising prices for oil and other commodities will offset the falling dollar has driven oil's rally from $87 a barrel in January.
Gold prices were higher, and the dollar was mixed against other major currencies.
The Fed's announcement overshadowed a report from the Commerce Department that showed the United States' trade deficit grew larger in January. The latest snapshot of the economy showed that the trade gap increased to $58.2 billion -- the highest since November.
Financial stocks were the biggest movers after the announcement, as many major investment banks dipped to yearly lows in recent days amid concerns about liquidity. The central bank's plan basically allows Wall Street's biggest institutions to put up troubled assets as collateral for loans, use the new capital to make money in the market, and then pay back the loan up to 28 days later.
Though eventually the investment banks would be forced to take the troubled mortgage-backed debt back on their books, the plan still takes short-term pressure off them. Many of these banks will release first-quarter earnings reports next week.
Goldman Sachs Group Inc. rose $5.47, or 3.5 percent, to $161.05, and Morgan Stanley added $2.36, or 6.2 percent, to $40.66. However, Bear Stearns Cos. -- which on Monday denied speculation it was facing a massive shortage of cash -- plunged $5, or 8 percent, to $57.43.
A spokesman for the company didn't immediately return telephone calls.
In other corporate news, WellPoint Inc. fell after Goldman Sachs trimmed its ratings in the managed care sector to neutral from attractive. The investment bank singled out WellPoint's performance amid pricing pressures. The stock plunged $17.57, or 26.6 percent, to $48.35.
Texas Instruments Inc., which makes chips used in about half the world's cell phones, lowered its profit projections late Monday due to a key customer's decision to cut orders. The company did not identify the customer other than to say it is a maker of wireless phones, and shares fell $1.14, or 3.8 percent, to $28.51.
Google Inc. shares spiked after European Union regulators cleared the Internet company's $3.1 billion bid for online ad tracker DoubleClick. Shares of Google rose $16.75, or 4.1 percent, to $430.37.
The Russell 2000 index of smaller companies rose 9.95, or 1.55 percent, to 653.92.
Advancing issues surpassed decliners by a 4 to 1 basis on the New York Stock Exchange, where volume came to 514.9 million shares.
Stocks overseas rebounded. Japan's Nikkei 225 stock average rose 1.01 percent, while Hong Kong's market closed up 1.28 percent higher. In afternoon trading, Britain's FTSE-100 rose 1.7 percent, Germany was up 2.01 percent, and France added 1.61 percenIgnored
Dislikedthe room is under:
DislikedI'm such a dummy....I have been spelling your name as malcomb14 rather than "malcolmb14"
I found you doing a search with the correct spelling and clicked to add you to my personal contacts...but I still don't see your room showing up in the community rooms tab.Ignored