Dear OB-ers, barukali ini Pak tua Greenspan bicara nggak miring. Mining &
komoditi masih jadi raja. Salam cuan dari newbie yang mau ngurangi porto...
Greenspan says worst of credit crisis over: sources
Thu May 8, 2008 3:48pm EDT
NEW YORK (Reuters) - Former Federal Reserve Chairman Alan Greenspan said on
Thursday that the worst of
the credit crisis is over, according to sources who attended a speech he
delivered in New York.
Greenspan also said house prices still had a
long way to fall and that it was unlikely they would stabilize by year-end,
according to meeting attendees who provided Reuters details of the speech at
the Alternative Public Strategies Conference.
Conference organizers said Greenspan had requested that members of the media
intending to cover his speech could only do so in their personal capacity and
would not be allowed to report on whatever he said.
As chairman of the Fed, Greenspan oversaw the reduction of interest rates to
as low as 1 percent, which some critics charge provided fuel for the real
estate bubble. Greenspan has vehemently rejected assertions that he is the
cause of the problem.
US STOCKS-Mining, oil and tech sectors lift Wall St
Thu May 8, 2008 4:43pm ED
By Ellis Mnyandu
NEW YORK, May 8 (Reuters) - U.S. stocks rose on Thursday as a surge in
global commodity prices propelled mining and energy shares higher, while
technology shares gained after a top strategist said they were a good value.
Oil prices rose to a third straight closing record high and metal prices
advanced as the U.S. dollar fell, driving up the shares of Chevron Corp (CVX.N:
Quote, Profile, Research)
and Alcoa Inc (AA.N: Quote, Profile, Research).
These two stocks ranked as the biggest positive influences on the Dow.
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