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STI to cross 3000 boosted by long-term investors
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louis001
Master |
30-Nov-2011 12:39
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This is the story of four persons: everybody, anybody, somebody and nobody.  everybody knows EU cannot fail, anybody  can say anything they want, somebody need to get things done, nobody seems to know the right things. |
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jo3yloh
Member |
30-Nov-2011 12:37
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what will most likely happen ltr when the europe opens | ||||
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Sgshares
Elite |
30-Nov-2011 12:10
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ECB's Liikanen: European Crisis Could Trigger Negative Spiral For Banks -Report HELSINKI (Dow Jones)--Unless the European sovereign-debt crisis gets contained it could trigger a negative spiral for banks, European Central Bank Governing Council member Erkki Liikanen said in an interview with Finnish business daily Kauppalehti published Wednesday. " All are familiar with and aware of the problem. Measures have to be made on multiple levels," Liikanen, who is also governor of the Bank of Finland, was quoted as saying. Asked if there is overcapacity in the European banking sector, Liikanen said: " Possibly yes, not only in Europe but also globally." Liikanen said also competitive banks should be able to strengthen their capitalization during the crisis. " It may be there are banks that are not viable. They should be able to shut down in an orderly fashion," Liikanen was quoted as saying in the interview. He rejected the idea of making the ECB a lender of last resort. " The crisis is so severe that some people simply look for an easy way out. The core fact is that one has to act on multiple levels," Liikanen said. " Each country must ensure that the sustainability of its public finances is transparent and credibly guaranteed. There is not escape from this problem, which concerns all developed countries," Liikanen said. He said collective decisions are also needed in the European Union. Asked whether the European Commission's proposed euro-zone bonds could be introduced in time to solve the crisis, Liikanen said: " No. That's a big problem for many [euro-zone countries]." " The economic outlook has clearly deteriorated after the formation of Finland's new government in June," Liikanen was quoted as saying. " Finland is not in a panic situation, but postponing decisions would be a big mistake," Liikanen said. " We [the Bank of Finland] will seek to present our assessment of the need to balance public finances in December," Liikanen said. The Finnish central bank is scheduled to present its outlook for the nation's economy on Dec. 15. -By Arild Moen, Dow Jones Newswires +358-9-2516 6279 arild.moen@dowjones.com |
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teeth53
Supreme |
30-Nov-2011 11:47
![]() Yells: "don't learn through life, learn to grow with life " |
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Hang Seng down by -380 point just now....so tonite Euro likely to open RED. Just sheing my thot...Windows dressing  for is short this morning, very short. |
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risktaker
Supreme |
30-Nov-2011 11:39
![]() Yells: "Sometimes you think you know, but in fact you dont" |
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Hear Another Rumour - IMF and ECB may start bailout talk Next Month. According to EU & IMF official ECB will provide 300 billion dollar & IMF will provide 100 billion dollar to bailout Italy bringing total 400 billion bailout fund for italy.   |
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Sgshares
Elite |
30-Nov-2011 10:30
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Confidential Report Warns Of Dire Italy Crisis - Guardian DOW JONES NEWSWIRES European finance ministers were warned on Tuesday night that Italy's liquidity crisis could leave the euro zone's third biggest economy insolvent, with devastating impact on the fate of the single currency and its big core economies, Germany and France, U.K. newspaper The Guardian reported on its website Wednesday. Euro-zone finance ministers met in Brussels in their latest attempt to plot a path out of the EU's worst crisis, The Guardian said. With Mario Monti, the new Italian prime minister and finance minister, reporting to the session on his austerity package aimed at saving Italy and shoring up the euro, a confidential report from the European Commission and the European Central Bank said Monti would need to do more than already promised, The Guardian wrote. The report, obtained by The Guardian, said Monti had to go further in his promises to combat rampant tax evasion in Italy, which is estimated to amount to 20% of gross domestic product. " The sovereign debt crisis has now moved from the periphery to Italy and other core euro area countries. Pressure on Italian sovereign bond yields is particularly acute, reflecting investors' mounting concerns with the sustainability of Italy's large public debt" -- almost EUR2 trillion ($2.67 trillion) -- the report said, according to The Guardian. " The risks of a full-blown sovereign liquidity crisis can increase rapidly in the absence of a determined policy response ... Persistently high interest rates increase the risk of a self-fulfilling 'run' from Italy's sovereign debt. A liquidity crisis could then turn into a solvency crisis, whose repercussions for other large euro area countries would be very acute given their exposure to the Italian economy," the report said, according to The Guardian. |
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AK_Francis
Supreme |
30-Nov-2011 10:26
![]() Yells: "Happy go lucky, cheers." |
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Balek kampong loh.
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risktaker
Supreme |
30-Nov-2011 09:12
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US did better than We thought.... We  manage to  short 3 times LOL Right now, virtually nobody wants to loan money to financially troubled nations in the EU and virtually nobody wants to lend money to major European banks.  Remember, one of the primary reasons for the financial crisis of 2008 was a major credit crunch that happened here in the United States.  This burgeoning credit crunch in Europe is just one element of a “perfect storm” that is rapidly coming together as we get ready to go into 2012.  The signs of trouble are everywhere.  All over Europe, governments are implementing austerity measures and dramatically cutting back on spending.  European banks are substantially cutting back on lending as they seek to meet new capital requirements that are being imposed upon them.  Meanwhile, bond yields are going through the roof all over Europe as investors lose confidence and demand much higher returns for investing in European debt.  It has become clear that without a miracle happening, quite a few European nations and a significant number of European banks are not going to be able to get the funding that they need from the market in 2012.  The only thing that is going to avert a complete and total financial meltdown in Europe is  dramatic action, but right now European leaders are so busy squabbling with each other that a bold plan seems out of the question. The following are 22 reasons why we could see an economic collapse in Europe in 2012…. #1 Germany could rescue the rest of Europe, but that would take an unprecedented financial commitment, and the German people do not have the stomach for that.  It has been estimated that it would cost Germany  7 percent  of GDP over several years in order to sufficiently bail out the other financially troubled EU nations.  Such an amount would far surpass the incredibly oppressive reparations that Germany was forced to pay out in the aftermath of World War I. A host of recent surveys has shown that the German people are steadfastly against bailing out the rest of Europe.  For example, according to one recent poll  57 percent of the German people are against the creation of eurobonds. At this point, German politicians are firmly opposed to any measure that would place an inordinate burden on German taxpayers, so unless this changes that means that Europe is not going to be saved from within. #2 The United States could rescue Europe, but the Obama administration knows that it would be really tough to sell that to the American people during an election season.  The following is what White House Press Secretary Jay Carney said today about the potential for a bailout of Europe by the United States….
Carney also said that the Obama administration does not plan to commit any “additional resources” to rescuing Europe….
#3 Right now, banks all over Europe are in deleveraging mode as they attempt to meet new capital-adequacy requirements by next June. According to renowned financial journalist  Ambrose Evans-Pritchard, European banks need to reduce the amount of lending on their books by about 7 trillion dollars in order to get down to safe levels….
So what does that mean? It means that European banks are going to be getting really, really stingy with loans. That means that it is going to become really hard to buy a home or expand a business in Europe, and that means that the economy of Europe is going to slow down substantially. #4 European banks are overloaded with “toxic assets” that they are desperate to get rid of.  Just like we saw with U.S. banks back in 2008, major European banks are busy trying to unload mountains of worthless assets that have a book value of trillions of euros, but virtually nobody  wants to buy them. #5 Government austerity programs are now being implemented all over Europe.  But government austerity programs can have very negative economic effects.  For example, we have already seen what government austerity  has done to Greece. 100,000 businesses have closed and a third of the population is now living in poverty. But now governments all over Europe have decided that austerity is the way to go.  The following comes from a recent article in  the Economist….
#6 The amount of debt owed by some of these European nations is so large that it is difficult to comprehend.  For example, Greece, Portugal, Ireland, Italy and Spain owe the rest of the world about  3 trillion euros combined. So what will massive government austerity do to troubled nations such as Spain, Portugal, Ireland and Italy?  Ambrose Evans-Pritchard  is very concernedabout what even more joblessness will mean for many of those countries….
#7 Europe was able to bail out Greece and Ireland, but there is no way that Italy will be able to be rescued if they require a full-blown bailout. Unfortunately, Italy is in the midst of a massive financial meltdown as you read this.  The yield on two year Italian bonds is now  about double what it was for most of the summer.  There is no way that is sustainable. It would be hard to overstate how much of a crisis Italy represents.  The following is how former hedge fund manager  Bruce Krasting recently described the current situation….
Krasting believes that either Italy gets a gigantic mountain of cash from somewhere or they will default within six months and that will mean the start of a global depression….
#8 An Italian default may be closer than most people think.  As  the Telegraphrecently reported, just to refinance existing debt, the Italian government must sell more than 30 billion euros worth of new bonds by the end of January….
#9 European nations other than just the “PIIGS” are getting into an increasing amount of trouble.  For example, S& P recently slashed the credit rating of Belgium  to AA. #10 Credit downgrades are coming fast and furious all over Europe now.  At this point it seems like we see a new downgrade almost every single week.  Some nations have been downgraded several times.  For instance, Fitch has downgraded the credit rating of Portugal  again.  At this point it is being projected that Portuguese GDP will shrink  by about 3 percent in 2012. #11 The financial collapse of Hungary didn’t make many headlines in the United States, but it should have.  Moody’s has cut the credit rating of Hungarian debt  to junk status, and Hungary has now submitted a formal request to the EU and the IMF  for a bailout. #12 Even faith in German debt seems to be wavering. Last week, Germany had “one of its worst bond auctions ever“. #13 German banks are also starting to show signs of weakness.  The other day, Moody’s downgraded the ratings  of 10 major German banks. #14 As  the Telegraph recently reported, the British government is now making plans based on the assumption that a collapse of the euro is only “just a matter of time”….
#15 The EFSF was supposed to help bring some stability to the situation, but the truth is that the EFSF is already a bad joke.  It has been reported that the EFSF has already been forced to buy up huge numbers  of its own bonds. #16 Unfortunately, it looks like a run on the banks has already begun in Europe.  The following comes from a recent article  in The Economist….
#17 Confidence in European banks has been absolutely shattered and virtually nobody wants to lend them money right now. The following is a short excerpt from a  recent CNBC article….
#18 There are dozens of major European banks that are in danger of failing.  The reality is that most major European banks are  leveraged to the hilt and are massively exposed to sovereign debt.  Before it fell in 2008, Lehman Brothers was leveraged 31 to 1.  Today, major German banks are leveraged  32 to 1, and those banks are currently holding a massive amount of European sovereign debt. #19 According to  the New York Times, the economy of the EU is already projected to shrink slightly next year, and this doesn’t even take into account what is going to happen in the event of a total financial collapse. #20 There are already signs that the European economy is seriously slowing down.  Industrial orders in the eurozone declined by  6.4 percent during September.  That was the largest decline that we have seen since the midst of the financial crisis in 2008. #21 Panic and fear are everywhere in Europe right now.  The European Commission’s index of consumer confidence has declined  for five months in a row. #22 European leaders are really busy fighting with each other and a true consensus on how to solve the current problems seems way off at the moment.  The following is how  the Express recently described rising tensions between German and British leaders….
Are you starting to get the picture? The European financial system is in a massive amount of  trouble, and when it melts down the entire globe is going to be shaken. But it isn’t just me that is saying this.  As I mentioned in a previous  article, there are huge numbers of respected economists all over the globe that are now saying that Europe is on the verge of collapse. For example, just check out what Credit Suisse is saying about the situation in Europe….
Many European leaders are promoting much deeper integration and a “European superstate” as the answer to these problems, but it would take years to implement changes that drastic, and Europe does not have that kind of time. If Europe experiences a massive economic collapse and a prolonged depression, it may seem like “the end of the world” to some people, but things will eventually stabilize. A lot of people out there seem to think that the global economy is going to go from its present state to “Mad Max” in a matter of weeks.  Well, that is just not going to happen.  The coming troubles in Europe will just be another “wave” in the ongoing economic collapse of the western world.  There will be other “waves” after that. Of course this current sovereign debt crisis could be entirely averted if the countries of the western world would just shut down their central banks and start issuing debt-free money. The truth is that there is no reason why any sovereign nation on earth ever has to go a penny into debt to anyone.  If a nation is truly sovereign, then the government has the right to issue all of the debt-free money that it wants.  Yes, inflation would always be a potential danger in such a system (just as it is under central banking), but debt-free money would mean that government debt problems would be a thing of the past. Unfortunately, most of the countries of the world operate under a system where more government debt is created when more currency is created.  The inevitable result of such a system is what we are witnessing now.  At this point, nearly the entire western world is drowning  in debt. There are alternatives to our current system.  But nobody in the mainstream media ever talks about them. So instead of focusing on truly creative ways to deal with our current problems, we are all going to experience the bitter pain of the coming economic collapse instead. Things did not have to turn out this way.
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EdwardLiu
Senior |
30-Nov-2011 08:31
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U.S. stock futures fell, indicating the Standard & Poor’s 500 Index will end a two-day rally, after S& P cut credit ratings for lenders including Bank of America Corp. (BAC), Goldman Sachs Group Inc. (GS) and Citigroup Inc. (C) |
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Blastoff
Elite |
30-Nov-2011 08:18
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Good that you are back! Where have you been?
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bishan22
Elite |
30-Nov-2011 07:19
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Dow is green, up 33 points.  ![]()
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AK_Francis
Supreme |
30-Nov-2011 00:57
![]() Yells: "Happy go lucky, cheers." |
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Ha ha, AK is back. It is not a good time to struggle in stock market in end of d yr, esp with Euro n US fin issues around. Unless, hv confident news on coy  coming annual results n good divedences to bet on. Going for holiday with family now is a better choice, esp during  long school holiday.  Cheers. |
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JUNWEI9756
Supreme |
30-Nov-2011 00:50
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Coffee coffee coffee
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JUNWEI9756
Supreme |
30-Nov-2011 00:42
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Seems like i got free Coffee already  ![]()
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JUNWEI9756
Supreme |
30-Nov-2011 00:09
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Ok in that case STI up 80 pts tmr :) Tmr is not time for profit taking for me ,... YET. lol... 
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Isolator
Supreme |
30-Nov-2011 00:05
![]() Yells: "STI is hard landing to below 2000..." |
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I like 3 digit green..... 150pt... lol | ||||
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JUNWEI9756
Supreme |
29-Nov-2011 23:57
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80 sifu :)
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Isolator
Supreme |
29-Nov-2011 23:52
![]() Yells: "STI is hard landing to below 2000..." |
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Let have a game for fun.... Guess Dow will close at what point?  The one closer will be the winner... lol | ||||
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JUNWEI9756
Supreme |
29-Nov-2011 23:42
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Hmmm .. Both sifus should come out with a book called iSoPunter.. LOL..... Then i can publish... make money... lol.. 
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Isolator
Supreme |
29-Nov-2011 23:35
![]() Yells: "STI is hard landing to below 2000..." |
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sifu,  when you will come out with a book or website? To share with the society... it will be very meaningful...
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