Tin tốt đây, CK sẽ được cứu

ĐÔ LA MỸ PHỤC HỒI, DẦU THÔ SẼ GIẢN GIÁ

Paulson Should Act to Stop Dollar Slump, Americans Say in Poll

By John Brinsley

May 15 (Bloomberg) -- Americans want Treasury Secretary Henry Paulson to act to stop the dollar''s decline, which has stoked the inflation eroding their household incomes.

A Bloomberg/Los Angeles Times poll found that 76 percent of Americans think the government should do something to halt the falling dollar. Among those with incomes of $100,000 or more, seven in 10 favored aiding the currency, putting pressure on Paulson, who''s charged with setting the policy, to match his ``strong dollar'''' rhetoric with action.

The U.S. currency has slumped 41 percent against the euro since 2002 and 13 percent in the past 12 months alone. That has contributed to a surge in energy and commodity prices to record levels, and prompted central banks to reduce their share of foreign exchange reserves in dollars.

``It''s not just the economic impact,'''' said Paul Burt, who heads Westlake Financial Group, an employee benefits consulting firm, in Lake Forest, Illinois. ``The perception of the decline in the dollar is as important as the decline itself. The dollar needs to be respected in the world, and the government needs to realize that.''''

Burt, 47, had few specific prescriptions for the Bush administration beyond trimming the federal budget and U.S. trade deficits. ``I don''t think it can be addressed very easily,'''' he said, referring to halting the dollar''s drop.

The nationwide poll of 2,208 adults was conducted May 1 to May 8. The sampling error is plus or minus 3 percentage points. There were 650 respondents who earned at least $100,000. The survey noted that economists say a weaker dollar both adds to the cost of imported goods and helps American exports.

No Intervention

Five consecutive Treasury secretaries in the Clinton and Bush administrations have maintained the so-called strong-dollar policy since 1995. Bush''s Treasury chiefs have refrained from intervening in markets to buy the currency. The last time the U.S. bought dollars to influence its value was 13 years ago.

Paulson did help strengthen the language used by Group of Seven officials to address the dollar''s decline last month. Central bankers and finance ministers from the G-7 denounced ``sharp fluctuations in major currencies'''' that could have ``implications for economic and financial stability.''''

The statement was aimed at persuading investors to look past the short-term U.S. economic slowdown and financial-market turmoil, a Treasury official said last week.

``The long-term fundamentals of the U.S. economy will be reflected in our currency,'''' Paulson said in Kansas City, Missouri, last week, responding to a question from the audience. The Treasury chief has been asked by reporters or members of the public about the dollar repeatedly since its slide accelerated in September.

`Steadfastly'' Opposed

Though the poll results indicate Americans want stronger action, analysts said it''s still unlikely Paulson would abandon his opposition to intervention. That means popular discontent with the currency''s decline may deepen. A new administration will take office in January after elections in November.

``The U.S. view is we''ll take care of our economy and the currency will take care of itself,'''' said Robert Sinche, head of global currency strategy at Bank of America Corp. ``The administration is steadfastly against any kind of intervention.''''

Even without stronger government action, market watchers said the U.S. currency may extend its rally.

The dollar will strengthen against most major currencies in the next six months as the Federal Reserve stops reducing interest rates, a separate survey of Bloomberg customers showed.

Rising Rates of Return

The end of Fed rate cuts will boost the allure of American assets for international investors, according to U.S. respondents in the monthly Bloomberg Professional Global Confidence Index, which questioned 3,447 users from Chicago to London to Hong Kong.

After declining 15 percent in the previous 12 months to a record low 70.698 on March 17, the Dollar Index traded on ICE Futures in New York that compares the currency to those of six trading partners has risen 3.9 percent to 73.473.

``In order for the dollar to bottom out, investors have to change their behavior, and they seem to be doing so,'''' said Marc Chandler, global head of currency strategy in New York at Brown Brothers Harriman Inc. ``But Bush is going to leave office without ever intervening,'''' he forecast.

Christina Griffin, who remembers her reaction to the euro''s introduction a decade ago, won''t be pleased with inaction. Married to a State Department officer and living in Italy, she was sure the new currency could never challenge the dollar''s global supremacy.

``I thought, `this will never get off the ground,'''''' Griffin, a 63-year-old resident of Washington, said of the euro''s 1999 debut. ``The dollar used to be everybody''s benchmark. Now it''s not. Something should be done.''''

To contact the reporter on this story: John Brinsley in Washington at jbrinsley@bloomberg.net

Last Updated: May 14, 2008 17:00 EDT

U.S. Investors Say It''s Time to Buy Stocks; Favor Asia, Energy

By Rich Miller

May 15 (Bloomberg) -- Close to half of affluent U.S. investors see the stock market as a buy, with energy as the industry and Asia as the region to be in.

The annual Bloomberg/Los Angeles Times poll of investors found that 44 percent of those with household incomes of $100,000 or more viewed it as a good time to buy stocks, versus 15 percent who said it isn''t. The benchmark Standard & Poor''s 500 index has declined 10 percent from its record high in October.

``Any time prices come down, that''s typically been the time to buy,'''' said Phyllis Hamm, 59, a survey participant who works at a nonprofit group in Raleigh, North Carolina.

The poll results signal some Americans may be ready to shift part of the $3.5 trillion parked in money market funds into equities. The confidence also indicates they anticipate limited spillover among stocks from the financial crisis that has led to $335 billion of losses and writedowns in that industry.

``There''s plenty of ammunition out there for an equity rally later this year,'''' said Joseph Quinlan, chief market strategist in New York for the investment-management unit of Bank of America Corp., which oversees $643 billion in client assets.

Forty percent of respondents singled out energy as the best place to put their money over the next 12 months, followed by health care and drugs, at 30 percent, technology, at 22 percent, and financial services, with 15 percent. Investors could choose more than one industry.

Contrast With 2007

Only 4 percent of investors surveyed last year said financial services was the best place to invest. Health care came in first in 2007, followed by energy and technology.

``If you''re a contrarian, financial services might be the sector with the opportunities,'''' said Paul Engle, a 57-year-old consultant in Clarksville, Maryland. ``I don''t believe large financial institutions are in any risk of going out of business.''''

Financial stocks have been hammered by the credit crunch that was sparked by rising defaults on subprime mortgages. The S&P 500 financial index has lost about 30 percent in the past year, to 351.26.

Asia came out on top when well-off investors were asked which region offers the best returns over the next 12 months -- the same result as in last year''s poll. The U.S. slipped from second to third, slightly lagging behind emerging markets.

``International stocks may be more reliable investments than those here, as reflected by the weakness of the dollar,'''' said Lesia Dropulic, a 45-year-old doctor in Ellicott City, Maryland.

Currency Impact

Asian currencies have soared against the dollar in recent years, fueled by rising trade surpluses and investments from abroad. China''s yuan has advanced 18 percent in the past three years, Singapore''s dollar is up 21 percent and the Thai baht has gained 23 percent. The dollar has slumped 18 percent versus the euro over that period.

The poll of 2,208 adults nationwide included 607 investors with household incomes of at least $100,000 and was conducted May 1 to May 8. The group has a margin of sampling error of plus or minus 4 percentage points.

While investors said it''s a good time to buy stocks, the survey also indicated that they have become more guarded about allocating their own funds. Twenty-nine percent of those surveyed described themselves as aggressive, pro-growth investors, down from 36 percent last year.

Given a hypothetical $1 million to invest, the investors chose mutual funds as the best place to put their money, replacing real estate, which held the top spot in last year''s poll. Stocks came in third both years.

Asset Diversification

``You need to be diversified,'''' said Scotty Reiss, a 44- year-old, stay-at-home mother in Cos Cob, Connecticut. ``You can''t put all your eggs in one basket.''''

While 96 percent of affluent investors described themselves as financially secure, others who took part in the poll were not as confident. Overall, 57 percent said they were secure -- down from 68 percent last year and the lowest level since 1992.

The well-off, though, scaled back their financial expectations. Nearly half anticipated that their investments will earn less this year than last. That compares with 28 percent in the 2007 poll.

One-third expected the value of their homes to stagnate or fall over the next three years. That''s also a turnaround from last year, when only 4 percent were so pessimistic.

``There''s a lot of sobriety out there,'''' says Robert Stovall, managing director and global strategist for Wood Asset Management Inc., which runs more than $1 billion in investments for its clients. ``It''s probably a pretty good time to buy shares.''''

To contact the reporter on this story: Rich Miller in Washington at rmiller28@bloomberg.net.

Em ko biét tiếng anh

Đúng là nhiều tin tốt, CK TG đã được cứu, CK TG cũng đã hồi phục cả tháng nay ... nhưng vẫn phải bất lực nhìn CK VN tèo

Đúng rồi. TTCK Mỹ sụt giảm nhưng mất có 10% thôi.
Còn chúng ta, nước có nền kinh tế phát triển vượt các cung bậc, con rồng Châu Á, con hổ Đông Nam Á, con báo khối Asean, thì TTCK lại mất đi 70%. Mà vẫn còn mất nữa. Vì "TTCK VN đang dần về giá trị thực!- như anh Lê Song Lai, phó tổng SCIC ra điều nhận xét.
Thế nên TTCK TG có hồi phục mạnh mẽ cũng không thể bẩy đít TTCKVN vốn đã ì ạch rồi.
Cứ để Vni về 100, xóa ván cũ, chơi ván mới.

tình hình chứng khoán việt nam chỉ khi tèo mới theo thế giới chứ thế giới ổn việt nam vẫn đâm đầu