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STI to cross 3000 boosted by long-term investors
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PinkPunter
Senior |
24-Aug-2011 15:37
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Dow up 300 STI down 30...why? | ||||
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RachelG
Member |
24-Aug-2011 14:24
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We sell when they buy and buy when they sell. | ||||
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wisann
Senior |
24-Aug-2011 14:20
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Europe is going to open higher, yet your call is to get ready to sell? Not buy meh?
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Joe2020
Veteran |
24-Aug-2011 14:15
Yells: "I am the Oracle sent forth unto you that ye shall be warned" |
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this saturday is judgement day la
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RachelG
Member |
24-Aug-2011 14:08
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Get ready to sell. Europe is going to open higher. Thurday may go higher abit. Friday will be judegement day and next Monday will be black Monday. | ||||
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eurekaw
Master |
24-Aug-2011 12:48
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u mean selling starts maybe after 2pm?
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andreytan
Veteran |
24-Aug-2011 12:43
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This one to clam down your heart,, http://www.cnbc.com/id/44247728 but i am long term bear, he is long bull...i agree with him till end of yr. |
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andreytan
Veteran |
24-Aug-2011 12:35
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Time to load, now..disclaimer
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andreytan
Veteran |
24-Aug-2011 12:33
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After 2pm u see more action, i am 70% sure. as i watch today price action. u see first. |
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andreytan
Veteran |
24-Aug-2011 12:14
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I think selling abt there, some BB are still collecting, but fund are coming in. afternoon, we may have a repeat of yesterday., then tomolo rally will be stronger...let see europe, over there, it seem to have filter down the bad news, holding strong..as long as 2730 hold. |
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andreytan
Veteran |
24-Aug-2011 11:49
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So long it did close below 2730, the mkt will rally for another 2 days. don't panic. what happen is that some BB used this morning to lock in profit, like i did. those who did not get in, rush in this morning and buy fr BB. from what i see, BB still holding alot, i dont think they really want to sell so low. pateint., still can buy on dip..disclaimer |
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stockmarketmind
Master |
24-Aug-2011 09:30
Yells: "stockmarketmindgames" |
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anyone still holding on to their long? http://stockmarketmindgames.blogspot.com/2011/08/sti-is-bb-still-buying.html |
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MasterNg9999
Senior |
24-Aug-2011 08:54
Yells: "Isnt Human center of the universe???" |
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LOL..... Pai Seh ..... not saying you anyhow short ..... Sorry if you angry ..... (-_-)v ......... saw wrongly and too tired from alot of late night action ....... hahaha......... you always say the siao people like to do the 18 dragon palm and sailormoon short till i also short my mind..... anyway .... saw more rubbish data from us again ..... The following are 21 signs that the new reality for many Baby Boomers will be to work as wage slaves until they drop dead.... #1 According to a shocking AARP survey of Baby Boomers that are still in the workforce, 40 percent of them plan to work " until they drop" . #2 A recent survey of American workers that included all age groups found that 54 percent of them planned to keep working when they retire and 39 percent of them plan to either work past age 70 or never retire at all. #3 A poll conducted by CESI Debt Solutions found that 56 percent of American retirees still had outstanding debts when they retired. #4 A recent study by a law professor from the University of Michigan found that Americans that are 55 years of age or older now account for 20 percent of all bankruptcies in the United States. Back in 2001, they only accounted for 12 percent of all bankruptcies. #5 Between 1991 and 2007 the number of Americans between the ages of 65 and 74 that filed for bankruptcy rose by a staggering 178 percent. #6 Most of the bankruptcies among the elderly are caused by our deeply corrupt health care system. According to a report published in The American Journal of Medicine, medical bills are a major factor in more than 60 percent of the personal bankruptcies in the United States. Of those bankruptcies that were caused by medical bills, approximately 75 percent of them involved individuals that actually did have health insurance. #7 The U.S. government now says that the Medicare trust fund will run dry five years faster than they were projecting just last year. #8 Starting on January 1st, 2011 the Baby Boomers began to hit retirement age. From now on, every single day more than 10,000 Baby Boomers will reach the age of 65. That is going to keep happening every single day for the next 19 years. #9 Over 30 percent of all U.S. investors currently in their sixties have more than 80 percent of their 401k retirement plans invested in equities. So what happens if the stock market crashes again? #10 All over the United States predatory lenders are coldly and cruelly foreclosing on elderly homeowners. You can read what one lender is doing to a 70-year-old woman and her terminally ill husband right here. #11 Medical bills are absolutely devastating large number of elderly Americans right now. Many are going to great lengths to try to pay their bills. An elderly woman that lives in the Salem, Oregon area that is fighting terminal bone cancer tried to raise some money for her medical bills by holding a few garage sales on the weekends. However, a neighbor ratted her out, and so now the police are shutting her garage sales down. #12 Social Security's disability program has already been pushed to the brink of insolvency and wave after wave of new applications continue to pour in. #13 Approximately 3 out of every 4 Americans start claiming Social Security benefits the moment they are eligible at age 62. Most are doing this out of necessity. However, by claiming Social Security early they get locked in at a much lower amount than if they would have waited. #14 According to the Congressional Budget Office, the Social Security system paid out more in benefits than it received in payroll taxes in 2010. That was not supposed to happen until at least 2016. Sadly, in the years ahead these " Social Security deficits" are scheduled to become absolutely nightmarish as hordes of Baby Boomers retire. #15 In 1950, each retiree's Social Security benefit was paid for by 16 U.S. workers. In 2010, each retiree's Social Security benefit was paid for by approximately 3.3 U.S. workers. By 2025, it is projected that there will be approximately two U.S. workers for each retiree. How in the world can the system possibly continue to function properly with numbers like that? #16 According to a shocking U.S. government report, soaring interest costs on the U.S. national debt plus rapidly escalating spending on entitlement programs such as Social Security and Medicare will absorb approximately 92 cents of every single dollar of federal revenue by the year 2019. That is before a single dollar is spent on anything else. #17 Most states have huge pension liabilities that are woefully underfunded. For example, pension consultant Girard Miller recently told California's Little Hoover Commission that state and local government bodies in the state of California have $325 billion in combined unfunded pension liabilities. When you break that down, it comes to $22,000 for every single working adult in the state of California. #18 Robert Novy-Marx of the University of Chicago and Joshua D. Rauh of Northwestern's Kellogg School of Management recently calculated the combined pension liability for all 50 U.S. states. What they found was that the 50 states are collectively facing $5.17 trillion in pension obligations, but they only have $1.94 trillion set aside in state pension funds. That is a difference of 3.2 trillion dollars. So where in the world is all of that extra money going to come from? Most of the states are already completely broke and on the verge of bankruptcy. #19 According to one recent survey, 36 percent of Americans say that they don't contribute anything at all to retirement savings. #20 According to another recent survey, 24 percent of all U.S. workers say that they have postponed their planned retirement age at least once during the past year. #21 Even though prices for necessities such as food and gas have been exploding, those receiving Social Security benefits have not received a cost of living increase for two years in a row. Many elderly Americans that are living on fixed incomes are being squeezed like they have never been squeezed before. There are millions of Americans out there that have done everything " right" all of their lives, but that now find the system letting them down in their golden years. http://theeconomiccollapseblog.com/archives/21-signs-that-the-new-reality-for-many-baby-boomers-will-be-to-work-as-wage-slaves-until-they-drop-dead Master Beggar.. dont get angry and have alot of horse run!!!! Cheer
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EdwardLiu
Senior |
24-Aug-2011 08:01
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The quake that lasted up to 45 seconds occurred at 1:51 p.m. local time. Earthquakes of magnitude 5.5 to 6 usually cause slight damage to buildings and other structures. U.S. stocks surged Tuesday as another dose of bleak economic data raised hopes that the Federal Reserve will take additional measures to stimulate the economy. The Dow Jones Industrial Average rose 322.11 points, or 2.97%, to 11176.76. The steep gains were disturbed momentarily by a magnitude 5.8 earthquake centered in Virginia. Tremors were felt on the East Coast, through Washington, D.C., and up to New York City. But the earthquake failed to rattle investors, as stocks climbed in the final trading hour. Hope everyone HUAT today. | ||||
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andreytan
Veteran |
24-Aug-2011 03:32
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What the heck? never short of problem, hurricane and earthquake hit east coast. hope nothing serious, if not... |
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andreytan
Veteran |
24-Aug-2011 03:26
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I think a good point to short the S& P at 1190...a very powerful bull indeed...........1190 next stop!!!cheers | ||||
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xing78
Elite |
24-Aug-2011 01:02
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I would prefer the blue chips (or index components) at this point because I am using CFD and can reverse my trade if STI happens to lose upward momentum after hitting the gap fill at 2815 area. Also must see the gap ups at open tomorrow before deciding which counters that are still laggards to go long. Entry price is very important during market volatility. In general, this is what I am looking at for tomorrow's long. 1. SembCorp, SembMar, KepCorp 2. Noble, Sakari, Olam (maybe risky to play this counter due to earnings releasing on 26-Aug) No shipping and airline counter for me at the moment coz the increase in Oil price can be seen as negative for these counters. |
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andreytan
Veteran |
24-Aug-2011 00:42
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BOA and citi will be history next year joining Lehman bros., i am guessing. 70% sure. | ||||
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andreytan
Veteran |
24-Aug-2011 00:38
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No good news, all bad, but who care, everyone is looking the the god of wealth...helicopter Ben to drop money from the sky. u read all the bad news tonite, it was suppose to send dow 150 pts down. This is a dead-cat bounce…we were in an oversold position and investors are trying to find any single positive data to create an opportunity,” said Kenny Polcari, managing director of ICAP Equities, pointing to economic news from Germany and China. Global markets rallied after news that while readings on China's factory sector and German business activity pointed to slowing growth, the slowdown wasn't as harsh as some had feared. Investors shrugged off news that new home sales dipped 0.7 percent to a seasonally adjusted 298,000-unit annual rate in July, according to the Commerce Department. The decline was much more than expected, hitting a five month low. Economists polled by Reuters had forecast sales at a 310,000-unit rate. “People are ignoring the housing data—it hasn’t been good for months,” said Polcari. And adding to the negative economic news, the Richmond Federal Reserve said its index of factory activity fell to minus 10 from minus 1 in July amid slower growth in new orders and shipments. At the end of the week, all eyes will be on Federal Reserve chairman Ben Bernanke as he makes his widely-anticipated speech at the Fed's annual Jackson Hole, Wyoming symposium. Investors will watch for any signs of a possible round of asset purchases (also known as quantitative easing) which will likely help bolster the stock market. Reports overnight suggested Bernanke will discuss ways in which the central bank could tweak its balance sheet as a means to put further pressure on medium- and long-term interest rates in order to keep them at their current historically low level. |
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andreytan
Veteran |
24-Aug-2011 00:29
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Profit taking tomolo, likely 2815..you may hold on and bet , if u want. those bought today look smart, ..tomolo big harvest day for me. good luck...
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