“Investors are getting more selective now since equities are no longer cheap,” said Manpreet Gill, Asian strategist at Barclays Wealth, which has $238 billion in assets. “A further correction is possible.”

“Speculation the central bank may take steps to rein in liquidity worried the market,” said Gabriel Gondard, deputy chief investment officer at Fortune SGAM Fund Management Co., which oversees about $7.2 billion in assets. “A lot of people were looking to take profit” after the market gains.

“I can tell you no institutions are getting in at these levels, the valuation is just crazy,” said Chris Tang, chief investment officer at Marco Polo Pure Asset Management in Hong Kong, which oversees about $120 million. “Traditionally IPOs make money, so retail investors are going to try their luck.”

“Bank lending could be tightened in the second half of the year as new lending in the first half is already close to the full-year target,” said Li Jun, Shanghai-based strategist at China Central Securities Holdings Co.

Buy or Goodbye ?!!

Crude Oil is Moving up now

Crude oil climbed to a three-week high on optimism that the U.S. economy is strengthening and that fuel consumption will rebound later this year.

Major Forex Forecasts 2009 - 2010

Wave 5 Rally

The Hacker Next Target.........Wall Street & World Finacial Market !!

A fresh wave of cyber attacks that slowed U.S. and South Korean websites this week hit more targets on Thursday, a Web security firm said, while the South's spy agency has said the hacking may be linked to North Korea.

The impact of the attacks, aimed so far at dozens of sites including the White House and the South's presidential office, was seen as negligible, experts said, but served as a reminder that Pyongyang has been planning for cyber warfare.

IMF Predicts Stronger 2010 Global Rebound After ’09 Contraction

The International Monetary Fund said the global economic rebound next year will be stronger than it forecast in April as the financial system stabilizes and the pace of contractions from the U.S. to Japan moderates. The Washington-based lender said in a revised forecast released today that the world economy will expand 2.5 percent in 2010, compared with its April projection of 1.9 percent growth. A contraction this year will be 1.4 percent, worse than an April forecast for a 1.3 percent drop, the IMF said.

The improved outlook for next year reflects differing stages of recovery across the globe, with emerging economies including China helping drive the world out of the worst recession in six decades, while Europe lags behind the U.S. and Japan. Still, the fund warned that the pickup is expected to be “sluggish” and called repairing the international banking system a priority.

“The global economy is still in a recession but we’re inching towards a recovery,” IMF chief economist Olivier Blanchard said in a statement today. “We have to continue with the fiscal, monetary, financial policies which we have put in place.”

Wall Street outlook hinges on 2Q earnings

With Wall Street stuck in a range since May, the start of second-quarter earnings season beginning on July 6 could prove to be a decisive factor for determining how much faith investors should have in an economic recovery, according to Reuters.

After a rally of as much as 40% for the S&P 500 on expectations the economy will begin to turn around by year end, analysts will hone in on companies' projections to see if their hopes are corroborated.

A large U.S. Treasury auction could buoy the market if it shows there is good demand for government debt. Concern that the appetite for debt is waning as the government tries to fund its stimulus efforts was soothed by solid demand in last week's record $104 billion auction of Treasury securities.

Rising debt may be next crisis