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STI to cross 3000 boosted by long-term investors
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niuyear
Supreme |
18-Jan-2012 15:29
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Some said there is slow growth in 2012 etc,..... I haeard Slow growth in birth rate, slow growth in hair on the scap, slow growth in eye lashes, but economic slow growth? I never heard of it. |
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rotijai
Supreme |
18-Jan-2012 15:28
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enjoy urself master risktaker.
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niuyear
Supreme |
18-Jan-2012 15:22
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这 才 是 能 够 听 的 话 ！ Well said.
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risktaker
Supreme |
18-Jan-2012 15:13
Yells: "Sometimes you think you know, but in fact you dont" |
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Ok. We are done for year of Rabbit ! Happy Chinese New Year ! May the Year Of Dragon bring peace and wealth to the world. I personally think that our minister pay is fair. I have many reasons for this.... Please if your smart u know. HUAT AH Singapore ! See Ya on FEB 6th :) |
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Sgshares
Elite |
18-Jan-2012 14:23
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France signals slow death of sovereign debt marketLate last Friday night, the ratings agency Standard & Poor’s delivered its downgrade of French debt, stripping one of the world’s biggest economies of its AAA rating. Over the weekend, it wasn’t hard to imagine the cataclysm that would follow. After all, the news could hardly be more worrying. The French debt market is one of the largest in the world — with $1.6 trillion of debt outstanding, France is the world’s fourth-largest sovereign borrower. With its AAA rating gone, all the schemes for rescuing the euro lay in tatters: they all depended on leveraging up the credit-worthy members of the euro to help the peripheral nations, but Germany is now the only major country with a AAA rating, and can’t be expected to bail the whole continent out. The single currency may now be unsalvageable. ECB chief calls situation 'very grave'European Central Bank President Mario Draghi delivered his sternest warning yet on Europe's debt crisis, saying it could cripple financial markets and the economy unless effective actions are taken. Brian Blackstone reports on Markets Hub. Photo: AFP. Worse, Nicolas Sarkozy’s campaign for re-election as president now looks hopeless. He pledged himself to maintaining the AAA rating, arguing that it was a matter of national prestige, but failed in that as so much else. He will be replaced either by Francois Hollande, an old-fashioned ”borrow-and-spend” socialist who has been making campaign promises as if austerity had never been invented. Or else by the far-right Marine Le Pen, who has promised to restore the franc, a move that would provoke an immediate financial crisis and a run on the French banking system. There wasn’t any other way to spin it. The downgrade looked like a disaster. But in fact, there was very little reaction. The euro EURUSD +0.18% wobbled a touch. The CAC-40 FR:PX1 +1.40% dropped a few points, then recovered. Yields on French debt nudged up a touch, but no more than they might on a normal day’s trading. Why wasn’t it worse? In reality, ratings downgrades are losing their power to shock us. It is a bit like watching Friday the 13th Part 27. Once you seen a couple of teenagers get gorily dismembered, the next few don’t seem very surprising. What the French downgrade really signaled was the slow death of the sovereign bond market — and each chapter in that saga is a bit less surprising. Japan’s AAA rating is gone. So is the U.S.’s. Italy’s went a long time ago, and now France’s. The U.K. can’t be far behind. Neither can Germany. The markets are gradually getting used to the idea that sovereign debt is not safe at all. None of the top five sovereign borrowers — the U.S., Japan, Italy, France and China — are AAA rated anymore. All of them are still running big budget deficits, and show little sign of bringing them seriously under control. If these debts are ever going to get repaid, not only do the deficits have to stop, governments actually have to run surpluses for many years. There is about as much chance of Angela Merkel buying a holiday home in Kos as that happening any time soon. Only two things can happen from here. Either governments are going to default outright. Or they are going inflate away their debts, using compliant central banks to keep interest rates significantly below rising prices for many years. Either way, everyone is going to lose a lot of money. Whether it is through a default or inflation doesn’t make much difference in the medium term. There are already signs that investors are starting to realize that. Sovereign debt used to be regarded as an absolutely safe asset, holding the same place in the financial system that gold once did. What the French downgrade tells us is that that is no longer true. Over time, investors are going to rebalance their portfolios completely to take account of that. That will lead to two big changes. First, governments will have to pay a lot more to borrow. It’s already happening. Italy has to pay almost 7% to borrow 10-year money. France has to pay more than 3%. Germany, Japan, and the U.S. can still borrow money at near record low rates. But that is not going to last forever. What we are watching is a bubble bursting in slow-motion. It will move from country to country. The euro zone may be the first in the firing line, but it won’t be the last, nor will it be restricted to Europe. By 2020, interest rates of 7% or more will be common for all the developed countries. The era of cheap government borrowing will slowly come to an end. Second, money will flow into new safe assets. What will those be? A mixture of emerging market debt, gold, corporate bonds and blue-chip equities. The switch from the developed world to the emerging markets is already well underway. Whilst developed world ratings are being cut, in other markets they are going in the other direction. Since 2002, Italy has lost five rating notches, and Spain four. Russia is up three and Turkey is up four. It isn’t hard to work out which is the better bet. Likewise, gold is reasserting itself. Central banks are stockpiling the precious metal again. In 2011 they were buying in record quantities, with countries such as Russia and Thailand leading the way. When interest rates are as close to zero as makes no difference, and central banks are printing money, the precious metal will always reassert itself as the ultimate store of value. Finally, corporate bonds and blue-chip equities are naturally going to suffer in a recession, but once growth resumes will reassert themselves. They grow at least as fast as the economy, and they pay a regular income. France reminded us that the sovereign debt market is now in long-term decline. The most important move for investors will be to make sure they get on the right side of that trade — and that means getting out of all developed world government debt, and into the new safe assets. |
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Sgshares
Elite |
18-Jan-2012 14:15
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Be careful....negative news are flowing out one-by-one....take care. | ||||
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Sgshares
Elite |
18-Jan-2012 14:14
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China housing market to hit wider economy: SocGenHONG KONG (MarketWatch) -- Societe Generale analysts cautioned Wednesday of " shockwaves" in the Chinese economy stemming from the unfolding correction in nation's housing market, where weakening home prices are gaining breadth and accelerating to the downside. SocGen economist Yao Wei said nationwide housing-price data released by the National Bureau of Statistics on Wednesday were consistent with other recent statistics on sales, construction starts and investments that point to " unambiguously deteriorating trends." Data released by the NBS Wednesday morning showed average housing prices fell in December in 53 of 70 cities tracked, while only two cities showed a small increase. " The data just turned from bad to worse," Yao said in the note. " The economy as a whole has not felt much chill yet, but the first half of 2012 is going to be difficult for not just property developers." She said that weaker housing sales and falling investment in new real-estate projects will " send shockwaves along the industry chain" that supplies the housing sector. |
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Sgshares
Elite |
18-Jan-2012 14:11
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EW YORK (MarketWatch) -- The World Bank has revised downward its global growth forecast for 2012, acknowledging that the world is in a precarious position under threat of a Lehman-like crisis engulfing capital markets. The bank's worst-case scenario--the freezing of financial market access to up to four euro-zone countries--would cause growth to shrink even more. The bank's latest global growth forecast for 2012 is 5.4% for developing countries, down from 6.2% previously projected, 1.4% for high-income countries from 2.7%. While the bank doesn't expect the worst case to come true, " we are examining the possibility that things could go worse," said Andrew Burns, manager of Global Macroeconomic Trends, development prospects group of the World Bank. The purpose of the dire tone to the biannual Global Economics Prospects 2012 report is to assist developing countries in preparing for such possibilities, he said. The World Bank's concern is that both developed and developing countries have diminished ability to withstand a global crisis this time around, Burns said. High-income nations don't have the fiscal resources to stabilize markets or support financial institutions in distress, he said. Emerging economies already were in the midst of a slowdown induced by raising policy rates aimed at cooling inflation, and the European crisis is adding to this weakness. Burns and other bank analysts say in the report that growth prospects have turned bleak over the past six months as contagion from the European Union spreads to the rest of the world. The warning implied in the report comes at a time when fears of a Greek default are on the rise, and after nine European nations including France and Austria saw their ratings downgraded last week. As a baseline projection, the report assumes that the coordinated central bank effort to prevent a sovereign-debt crisis has put a stop to the panic, but failed " to completely eradicate market concerns." Growth in the U.S. and Japan is improving, but remains weak, notes the report. And indicators suggest Europe is entering a recession, while emerging markets, which pleasantly surprised the world with how well they were able to withstand the 2008 global credit crisis, have witnessed a slowdown that has led to rapid easing of monetary policy. By early January, emerging market bond spreads had widened by an average of 117 basis points from their end-of-July levels, and developing country stock markets had lost 8.5% of their value. This, combined with the 4.2% drop in high-income stock-market valuations, has translated into $6.5 trillion, or 9.5% of global GDP, in wealth losses. China, the largest emerging market economy, is expected to grow at a rate of 8.4%. While the World Bank doesn't expect China to implement any stimulus, like it did in 2008-09 with its rapid infrastructure development, an increase in Chinese consumption would boost other commodity exporters like Brazil, South Africa and Argentina. " Developing countries will have to search increasingly for growth within the developing world, a transition that has already begun but is likely to bring with it challenges of its own," the report said. The report recommends that developing countries with external financing needs that exceed 10% of GDP [for maturing short and long-term debt, and current account deficits] raise money as early as possible to avoid future hurdles. The report estimates developing economies' external financing needs at $1.3 trillion this year. The slowdown in global growth is expected to weaken commodity prices. Oil is expected to drop 5.5% to $98.20 per barrel, while non-oil commodities are expected to ease by 8.9% in the base-case scenario. | ||||
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Zhiwei
Senior |
18-Jan-2012 13:22
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Nice quote uncle AK, yuo ya yun ! 
Gong Xi Fatt Chai....huat arr!
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Sgshares
Elite |
18-Jan-2012 13:16
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World Bank Cuts Global Growth ForecastBy Sandrine Rastello - Jan 18, 2012 12:10 PM GMT+0800 The World Bank cut its global growth forecast by the most in three years, saying that a recession in the euro region threatens to exacerbate a slowdown in emerging markets such as India and Mexico. The world economy will grow 2.5 percent this year, down from a June estimate of 3.6 percent, the Washington-based institution said. The euro area may contract 0.3 percent, compared with a previous estimate of a 1.8 percent gain. The U.S. growth outlook was cut to 2.2 percent from 2.9 percent. “Even achieving these much weaker outturns is very uncertain,” the World Bank said in its Global Economic Prospects report released today in Asia and yesterday in the U.S. “The downturn in Europe and weaker growth in developing countries raises the risk that the two developments reinforce one another, resulting in an even weaker outcome.” China, the world’s second-biggest economy, reported today that foreign direct investment declined in December by the most since July 2009, underscoring the World Bank’s warning that developing economies should “prepare for the worst.” Home prices fell in 52 of 70 cities in December from November, statistics bureau data showed. Turmoil in European still has the potential to trigger a global financial crisis reminiscent of 2008, according to the World Bank. The estimated global expansion would compare with growth of 2.7 percent in 2011 and 4.1 percent in 2010, and a contraction of 2.3 percent in 2009, the World Bank estimates. The revision is the largest since January 2009, when the World Bank cut its global estimate for that year by 2.1 percentage points. U.S, Europe The MSCI Asia Pacific Index swung between gains and losses today, rising 0.1 percent as of 12:05 p.m. in Tokyo. In other reports due today, producer prices in the U.S. probably rose 0.1 percent in December from the previous month and industrial production increased 0.5 percent, according to the median estimates of economists surveyed by Bloomberg News. In Europe, U.K. unemployment probably held at 8.3 percent and Italy will release trade figures for November. “Despite the significant measures that have been taken, the possibility of a further escalation of the crisis in Europe cannot be ruled out,” the World Bank said. The MSCI All-Country World Index declined 9.4 percent last year, the first drop since 2008, as Europe’s debt crisis and slowing economic expansion worldwide weighed on investor demand for riskier assets. ‘Motor of Growth’The World Bank sees a global expansion of 3.1 percent in 2013, 0.5 percentage point lower than previously forecast. “Some of the big developing countries that have been the motor of growth in the post 2008-2009 period now have slowed,” Andrew Burns, who heads the World Bank’s global macroeconomics team, told reporters on a conference call. A report yesterday showed that China’s economy grew 8.9 percent in the final three months of last year, the least in 10 quarters, on tightening measures and weakness in exports. Decelerating growth in these countries is mostly the result of domestic policies such as higher interest rates, which were “engineered, desirable because these countries were overheating” Burns said. High-income economies are now seen growing 1.4 percent this year, down from a June estimate of 2.7 percent. That compares with 5.4 percent in emerging economies, including nations from Indonesia to South Africa, which in June were forecast to grow at a 6.2 percent pace. Financial TurmoilStill, emerging markets are also feeling the pinch of the financial turmoil in the 17-nation euro area, according to the report. Developing economies’ stock markets had lost 8.5 percent of their value by early January compared with their level at the end of July, it said. In the second half of 2011, gross capital flows to these countries fell to 55 percent of the level in the year-earlier period. Emerging markets are more vulnerable than in 2008 to a renewed global crisis because rich nations wouldn’t have the fiscal resources they had back then to support their economies, the World Bank said. Developing countries, whose deficits have also widened, should engage in contingency planning to have the necessary fiscal leeway if need be, it said. “Should conditions in high-income countries deteriorate and a second global crisis materializes, developing countries will find themselves operating in a much weaker global economy, with much less abundant capital, less vibrant trade opportunities and weaker financial support for both private and public activity,” the World Bank said in the report. Trade, Commodity PricesSlower global expansion is already showing through softer trade figures and lower commodity prices, according to the World Bank, which was established after World War II to fight poverty and offers financial and technical assistance to countries. The 2012 forecast for Japan was cut to 1.9 percent growth from 2.6 percent in June. The World Bank said it estimates that the euro region entered recession in the fourth quarter. China’s growth will slow to 8.4 percent this year, the same as an interim revised projection released in November. It cut India’s 2012 forecast by 1.9 percentage point to 6.5 percent. The Bank also explored the impact on the rest of the world of a more severe European crisis. Global growth could be 3.8 percent lower than now forecast this year in such a situation, it said. To contact the reporter on this story: Sandrine Rastello in Washington at srastello@bloomberg.net |
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hongche
Senior |
18-Jan-2012 12:59
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STI clearly seems bullish, due to dollar downside & Asian market pressure it may go for next high..I recommend it to buy at 2824.10 for the good return..It can be in some down side phase till 2814 but no need to worry it will again bounce back.. - http://goo.gl/HcEbM- | ||||
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louis001
Master |
18-Jan-2012 12:07
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quote from one sifu here: " Patience is the key to success" ..lol
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medivh
Elite |
18-Jan-2012 12:00
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Helo.. I'm Back ... after some shopping over the past few days LOL Wishing all HUAT ah.. Yesterday rally must be darn shiok~ Those who had long since last week ... HUAT ah! And of course the usual bickering I see from the old birds continues...LOL, even when I not here to entertain Iso and his lackeys Still got others... (" ,) that's why this SJ so Huat Ah~~ more and more advertisement banners.. LOL |
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monk999
Master |
18-Jan-2012 11:47
Yells: "TA is an art!" |
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due to divergence in price and macd. try try only. my preferable short is around 29++. lol. possible to reach 3000 also. so once confirmed profit, ill adjust stops in case market decides to go up again. end of month coming soon, we shall see signs of its true colors before end of month. I still believe we will see STI 2400 before going higher because downtrend (200 SMA) is still intact.
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jo3yloh
Member |
18-Jan-2012 11:37
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Sorry..But i cant control myself.. Wheres isolator and junwei ah? |
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New123
Elite |
18-Jan-2012 11:35
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Mkt will have to take a breadther(retace) before setting the next direction..I think it might be going down to 2780 soon.
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SGG_SGG
Master |
18-Jan-2012 11:32
Yells: "karma karma karma chameleon" |
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x 0
x 0 Alert Admin |
wah i kiasu am waiting for 283x. good luck monk999 shoot the bee!
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monk999
Master |
18-Jan-2012 11:27
Yells: "TA is an art!" |
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short sti @ 2815. STI 2400 come come! |
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AK_Francis
Supreme |
18-Jan-2012 11:18
Yells: "Happy go lucky, cheers." |
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胜 衰 由 天 ， 福 贫 己 任 ， 两 著 齐 归 ， 夫 复 何 求 。 AK
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Sgshares
Elite |
18-Jan-2012 10:46
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Yes agree. But sometimes, certain weak stocks in the oversold might not reached overbought before any sell down occurs. Noble is one of them. Of course, those at overbought might stay there for a while before any retracement starts. Anyway, long holiday coming soon..BB usually wont keep positions
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