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STI to cross 3000 boosted by long-term investors
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Sgshares
Elite |
21-Nov-2011 15:09
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There is also a possibilities it will drop for a week or so...it happened before during august
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JUNWEI9756
Supreme |
21-Nov-2011 14:57
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To be very technical, STI has been in the red for quite a few trading days... Its technically impossible for it to be red again tomorrow. Unless its recession :P | ||||
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Sgshares
Elite |
21-Nov-2011 14:44
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Japan Exports Fall as China Sees World Slump
By
Shamim Adam
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Containers are stacked at a shipping terminal in Tokyo, Japan. Japanese shipments abroad fell 3.7 percent in October from a year before. Photographer: Tomohiro Ohsumi/Bloomberg Nov. 14 (Bloomberg) -- Martin Schulz, a senior research fellow at the Fujitsu Research Institute, talks about the outlook for the Japanese economy and the yen. He speaks from Tokyo with Owen Thomas on Bloomberg Television's " Countdown." (Source: Bloomberg) Nov. 14 (Bloomberg) -- Junko Nishioka, chief economist at RBS Securities in Tokyo and a former Bank of Japan official, talks about the growth prospects for the nation's economy. Gross domestic product grew at an annualized 6.0 percent in the three months ending Sept. 30, the fastest pace in a year and a half, the Cabinet Office said today in Tokyo. Nishioka speaks with Susan Li on Bloomberg Television's " First Up." (Source: Bloomberg) Japanese exports dropped more than forecast in October, Singapore said its growth may slow to 1 percent next year and China signaled the global economy faces an extended slide. The reports may raise pressure on policy makers in export- reliant Asia to implement further stimulus measures. A record of the Bank of Japan’s Oct. 27 meeting today showed one board member favored adding 10 trillion yen ($130 billion) in asset purchases, and Chinese Vice Premier Wang Qishan said his nation must adopt more “forward looking” and flexible monetary policy. “Things are going to get worse before they get better,” said Vishnu Varathan, a Mizuho Corporate Bank Ltd. economist in Singapore. “Export growth will slow across Asia and we may see financial shocks coming through. Asian policy makers are going to become stimulatory all over again.” Japan’s finance ministry reported today that shipments abroad fell 3.7 percent in October from a year before, the first drop in three months and an indication the nation’s rebound from the record March earthquake will slow. Singapore’s trade ministry said the nation’s gross domestic product may rise 1 percent to 3 percent in 2012, after a 5 percent gain this year, in a projection that didn’t incorporate a European recession. The world economic situation is “extremely severe,” China’s Wang said at a financial work meeting in Hubei province, state news agency Xinhua reported late on Nov. 19. “The global economic recession triggered by the international financial crisis will be long-term,” Xinhua cited Wang as saying. Stocks FallStocks in Asia dropped, with the MSCI Asia Pacific Index down 1 percent as of 12:03 p.m. in Tokyo. Futures contracts on the U.S. Standard & Poor’s 500 Index retreated 0.8 percent after the congressional panel charged with forging a bipartisan fiscal-tightening plan signaled it likely will announce today a failure to reach an agreement by the Nov. 23 target date. Later today, the Federal Reserve Bank of Chicago is scheduled to release a gauge of U.S. economic activity in October. The Chicago Fed national index, which draws on 85 economic indicators, was below zero in August and September, signaling below-trend-growth in the national economy. The euro region reports on its current-account balance for September. The area’s deficit narrowed to a seasonally adjusted 5 billion euros ($6.8 billion) in August from 6.8 billion euros in July. The Netherlands is due to release September consumer spending figures, and Poland has October industrial production, forecast to show a 2 percent drop, according to the median of 11 estimates in a Bloomberg News survey of economists. Thai FloodsThe Thai government cut its forecast for economic growth this year to 1.5 percent because of the impact of flooding, the National Economic and Social Development Board said in Bangkok today. Record flooding in Thailand has also disrupted supply chains of Japanese auto and electronics companies including Honda Motor Co., Toyota Motor Corp. and Pioneer Corp. (6773) Toyota, Asia’s largest carmaker, reported on Nov. 8 that its profit fell 19 percent in the quarter ended Sept. 30, as the Thai disruption and yen gains hurt a rebound from the March temblor. Singapore lowered its forecast for non-oil domestic exports, estimating overseas shipments to rise 2 percent to 3 percent in 2011, lower than a previous forecast of 6 percent to 7 percent, it said today. Shipments may increase 3 percent to 5 percent in 2012, the trade promotion board said. ‘Broader Downturn’“Singapore’s growth outlook remains negative as a broader downturn takes hold,” said Chua Hak Bin, a Singapore-based economist at Bank of America Merrill Lynch. Singapore’s 2012 GDP forecast “does not factor in downside risks to growth, such as a worsening debt situation or a full- blown financial crisis in the advanced economies,” the government said. “Should these risks materialize, growth in the Singapore economy in 2012 could come in lower than expected.” Growth in Southeast Asian economies may have peaked in the third quarter. Malaysia’s GDP rose 5.8 percent in the three months through September from a year earlier, after expanding 4.3 percent in the previous quarter. Thailand’s GDP rose 3.5 percent in the three months through September from a year earlier, after climbing 2.7 percent in the second quarter. The Malaysian government cut its forecast for 2011 economic expansion last month and said there is increased pressure to use fiscal resources to bolster growth. The expansion rate will probably be 5 percent to 5.5 percent this year, Prime Minister Najib Razak’s administration said Oct. 7, less than an earlier target of as much as 6 percent. Shirakawa WarningBank of Japan (8301) Governor Masaaki Shirakawa told reporters in Tokyo last week that “developments in Europe’s sovereign-debt problems are the largest risk now.” European policy makers have yet to contain the sovereign- debt crisis that caused bailouts of Greece, Ireland and Portugal and has sent the yield premiums on the debt issued by governments from Spain to Italy to the highest compared with benchmark German securities since the euro’s introduction. “It’s a continuum of 2008,” International Monetary Fund Managing Director Christine Lagarde said Nov. 18, referring to the global economic and financial turmoil. “I want to believe that countries will understand that they can actually change the course of things,” she said in the interview with CBS television’s 60 Minutes program that aired yesterday. To contact the reporter on this story: Shamim Adam in Singapore at sadam2@bloomberg.net |
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wangwa
Senior |
21-Nov-2011 14:37
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you never know what may happen. All these are shows created by Europe to instil fear in the market. Later they will release good news to spur the market. Its like see show and the good guy will eventually win. Maybe these guys are already buying big big last week | ||||
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JUNWEI9756
Supreme |
21-Nov-2011 14:00
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DOw will be green tonight :)
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aleoleo
Master |
21-Nov-2011 13:58
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STI still holding tight, dun wan to go down .... SSE hit day low .... HK also struggling .... It will drop more serious later on ...... |
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Sgshares
Elite |
21-Nov-2011 12:24
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100%
Chance of Crisis, Worse Than 2008
By Teeka Tiwari
- Creator: ETF Master
TraderAccording to the globally respected macro investor Jim Rogers, we
are on the cusp of a breakdown worse than the 2008 financial crisis.
 If the Euro gets cracked as hard as I think it will, then the US Dollar will rally. But the dollar has serious problems of its own, and I just can't get long the dollar here, even though I think it will move higher. I would much rather own the Japanese Yen, because I think it will benefit greatly from the flight to quality that will emerge when the Euro currency gets devalued. The Yen is big enough and liquid enough to absorb much of the world's wealth, and given a choice between holding US Dollars and Japanese Yen, I'd hold the Yen any day. The Japanese have a high savings rate, they are still a creditor nation, and even a cursory look at the chart of the ETF FXY will show that this currency is experiencing a major bull market.  The dark horse in all of this continues to be gold. But I'll make it really simple: If gold sells off on a spike up in the dollar and we see a pull-back into the $1,600's, I think it’s a buying opportunity. Both the Dollar and the Euro are doomed to experience massive devaluations which, over the long term, can only be beneficial to gold. |
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medivh
Elite |
21-Nov-2011 12:24
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Hero 
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Sgshares
Elite |
21-Nov-2011 12:12
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Treasuries Rise as Possible Budget Committee Failure Spurs Refuge Demand
By
Wes Goodman
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Treasuries rose to become the highest-returning major government bonds over three months, including currency changes, as stocks fell on speculation American lawmakers will fail to agree on spending cuts. U.S. securities extended a gain from last week that was driven by concern Europe’s leaders will be unable to contain the region’s debt crisis, boosting demand for haven assets. The Treasury Department is scheduled to sell $35 billion of two-year notes today, the first of three auctions of coupon-bearing debt this week totaling $99 billion. “The policy in the U.S. is as bad as the policy in Europe,” said Roger Bridges, who oversees the equivalent of $15 billion of debt as the Sydney-based head of fixed income at Tyndall Investment Management Ltd., a unit of Japan’s Nikko Asset Management Co. “Investors will be attracted in a flight to quality” to U.S. government debt. Ten-year yields fell three basis points to 1.98 percent as of 12:35 p.m. in Tokyo, according to Bloomberg Bond Trader prices. The 2 percent security maturing November 2021 advanced 7/32, or $2.19 per $1,000 face amount, to 100 4/32. The rate dropped five basis points, or 0.05 percentage points, last week. The MSCI Asia Pacific Index of shares slid 1 percent, heading for a fifth day of losses. Treasuries due in more than a year have returned 1.2 percent in the past three months, the most of bonds in 26 markets in U.S. dollar terms, indexes compiled by Bloomberg and the European Federation of Financial Analysts Societies show. Credit RiskThe TED spread, the difference between what lenders and the U.S. government pay to borrow for three months, was 49 basis points, the most since June 2009. The two-year Treasury notes being sold today yielded 0.29 percent in pre-auction trading, rising from the 0.281 percent at the prior sale on Oct. 25. Investors bid for 3.64 times the amount for sale in October, versus the average of 3.32 for the past 10 of the monthly auctions. The Fed is scheduled to sell as much as $8.75 billion of Treasuries due in 2012 today as part of a plan announced in September to replace $400 billion in shorter maturities with longer-term debt to cap borrowing costs. Japan’s 10-year yield increased one basis point to 0.955 percent. It set a one-year low of 0.94 percent on Nov. 17. The U.S. congressional supercommittee will probably announce that it has failed to reach agreement on federal budget savings, a Democratic aide said. Downgrade ThreatSenator John Kerry, a Massachusetts Democrat and supercommittee member, warned the U.S. may have its debt rating reduced if the group can’t reach an agreement. “There is a real threat that not only will there be a downgrade but that the market on Monday will look again at Washington and say ‘You guys can’t get the job done,’” Kerry said on NBC’s “Meet the Press” program. Standard & Poor’s cut its ranking for U.S. debt to AA+ from AAA on Aug. 5. Demand for Treasuries still grew as European officials struggled to make their own budget cuts, sending 10- year yields to a record low of 1.67 percent on Sept. 23. “People are more concerned with risk aversion than they are with trying to hit a home run on return,” Jeffrey Caughron, an associate partner at Baker Group LP in Oklahoma City, who advises community banks on investments of more than $38 billion, said Nov. 17 in a telephone interview. “It makes sense to stay in Treasuries and high-grade investments until we see a demonstration of responsibility on the part of our Congress and some evidence that things are going to improve with the European situation.” To contact the reporter on this story: Wes Goodman in Singapore at wgoodman@bloomberg.net. |
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JUNWEI9756
Supreme |
21-Nov-2011 12:09
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Too many bad news hovering the stock market. I choose to long :P
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Sgshares
Elite |
21-Nov-2011 11:57
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U.S. Supercommittee Ready to Announce Failure
By
Kathleen Hunter and Laura Litvan
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The sun rises over the Capitol in Washington. Photographer: Andrew Harrer/Bloomberg The Capitol stands in Washington. Photographer: Andrew Harrer/Bloomberg The deficit-cutting congressional supercommittee is expected to announce tomorrow that it has failed to reach agreement on at least $1.2 trillion in federal budget savings, a Democratic aide said. The aide, who wasn’t authorized to discuss internal matters publicly and requested anonymity, said in an e-mail this afternoon that it was highly unlikely that the talks could be salvaged. Tomorrow is the deadline for the Congressional Budget Office to receive a plan that it can analyze before the committee’s Nov. 23 target date for reaching an agreement. Earlier today the supercommittee’s Republican co-chairman, U.S. Representative Jeb Hensarling of Texas, said the 12 panel members faced a “daunting challenge” as they sought to bridge gulfs over taxes and spending. The panel has been deadlocked over taxes, with Democrats seeking tax increases on high earners while Republicans were pushing for an extension of tax cuts enacted under President George W. Bush. Another sticking point has been the Republicans’ call for cuts, over Democrats’ opposition, in entitlement programs such as Medicare. “Nobody wants to give up hope,” Hensarling said on the “Fox News Sunday” program. “Reality is, to some extent, starting to overtake hope.” Asian stocks fell, Standard & Poor’s 500 Index futures declined and Treasuries advanced in anticipation of a Congressional impasse. ‘Silver Lining’Senator Pat Toomey, a Pennsylvania Republican and supercommittee member, said on CBS’s “Face the Nation” that the “silver lining” in a failure to agree would be $1.2 trillion in automatic across-the-board budget cuts starting in 2013. That process, known as sequestration, is designed to spare the U.S. from another credit downgrade. Senator John Kerry, a Massachusetts Democrat and supercommittee member, warned of potential risk of a downgrade of the U.S. credit rating if the group can’t come together and if lawmakers skirt the mandatory cuts. “There is a real threat that not only will there be a downgrade but that the market on Monday will look again at Washington and say ‘You guys can’t get the job done,’” Kerry said on NBC’s “Meet the Press” program. “And just the political confusion and gridlock is enough to say to the world ‘America can’t get its act together.’” Asian Stocks FallAbout three shares declined for every two that gained on MSCI’s Asia Pacific Index in early Nov. 21 trading, while Treasury 10-year yields decreased three basis points to 1.98 percent. The dollar traded at 76.79 yen at 11:50 a.m. in Tokyo from 76.91 in New York on Nov. 18. Investors have largely shrugged off Standard & Poor’s Aug. 5 downgrade of U.S. debt from AAA to AA+. After the downgrade, the government’s borrowing costs fell to record lows as Treasuries rallied. 10-year yields fell from 2.56 percent on Aug. 5 to below 1.72 percent on Sept. 22. “I don’t think there’d be much of a reaction” by markets to a supercommittee failure to agree on a plan, Mark Zandi, the chief economist at Moody’s Analytics Inc. in West Chester, Pennsylvania, said on “Fox News Sunday.” “It’s all relative to expectations,” he said, and investor expectations with regard to the committee “have been and are still very, very low.” Senator Jon Kyl of Arizona, the No. 2 Senate Republican leader and a supercommittee member, said on “Meet the Press” that Republicans would look for a way “to work around” some of those automatic spending cuts, including easing the mandated $500 billion in cuts to Pentagon spending over the next decade. “There is a way to avoid that if there’s good will on both sides,” he said of defense cuts he described as “Draconian.” ‘More Prudent’ ReductionsHensarling said he hoped the across-the-board cuts required if no deal is reached would be altered to spare defense. Congress, he said, will have 13 months to make sure the reductions happen “in a smarter, more prudent fashion.” If the supercommittee fails, he said, “the American people are still going to get the deficit reduction that was contemplated under the law, but it is a huge blown opportunity.” Both Kerry and Senator Patty Murray of Washington, the supercommittee’s Democratic co-chairman, insisted today that Democrats have been willing to make some cuts to entitlement programs, which include Social Security, Medicare and Medicaid. What was needed, Kerry said on NBC, was for Republicans to drop a push for another extension of the Bush-era tax cuts that now expire at the end of 2012. ‘Shared Sacrifice’“There is one sticking divide, and that is the issue of what I call shared sacrifice, where everybody contributes in a very challenging time for our country, and that’s the Bush tax cuts and making sure that any kind of package includes everybody coming to the table, and the wealthiest of Americans, those who earn over $1 million every year, have to share, too,” Murray said on CNN’s “State of the Union” program. “That line in the sand, we’ve haven’t seen any Republicans willing to cross yet.” Kyl said Republicans had offered to increase revenue by $300 billion as part of a broad tax overhaul. He said the compromise was “a big step for Republicans,” who oppose tax increases. He also restated the case against raising taxes in a struggling economy. “You can’t grow if you raise taxes in the middle of a recession,” Kyl said. Hensarling said that even if no agreement is reached, “the nation is still going to end up with what Republicans said, and that is there will still be a dollar of spending reduction for every dollar increase in the debt ceiling.” To contact the reporters on this story: Laura Litvan in Washington at llitvan@bloomberg.net Kathleen Hunter in Washington at khunter9@bloomberg.net To contact the editor responsible for this story: Mark Silva at msilva34@bloomberg.net |
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medivh
Elite |
21-Nov-2011 11:56
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If end this year will hit STI 2400.. I will  youYou also said next year will be lower than 2400?  Anybody can say " STI RED RED, DOW 9K, Euro deep red... " But no one can be absolutely more " accurate" than you... 
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Sgshares
Elite |
21-Nov-2011 11:28
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WASHINGTON (MarketWatch) – One of three leaders in a new Greek coalition
refused to sign an oath that he will approve austerity measures,
creating a new obstacle for Greece’s bailout deal, according to reports
Saturday.
Europe's week ahead: Debt crisis focus shifts to SpainEurope's sovereign debt crisis will remain in focus for investors, with attention on Italy’s new government and Spanish elections. His comments come after lenders have called for written commitments to offset their fears that Greek politicians may backpedal on commitments during the period before the country’s February elections, the reports said. New Democracy is one of three parties in a Greek national unity coalition that are seeking to work together to avoid a sovereign-debt default. Officials from the European Commission, the International Monetary Fund and the European Central Bank on Saturday talked with Samaras on Saturday in Athens about the pledge, reports said. .According to the Athens News Agency, Samaras said he has already taken five actions that show New Democracy’s commitment to deal. According to reports, Samaras said those actions, include his support for Greece’s 2012 budget, are adequate. In addition to New Democracy, the Greek coalition is made up of the Socialists and the small LAOS party. Ronald D. Orol is a MarketWatch reporter, based in Washington. |
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Sgshares
Elite |
21-Nov-2011 11:27
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China vice premier warns on global economyHONG KONG (MarketWatch) -- Chinese Vice Premier Wang Qishan, who is widely expected to be named as premier next year, said Monday he was concerned about the outlook for the global economy and urged priority be given to ensuring recovery, according to the state-run Xinhua News Agency. " An unbalanced recovery is better than a balanced decline," he was quoted as saying. Wang also repeated calls for the U.S. to ease restrictions on exports of advanced technologies to China, and that China be grated market-economy status. |
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iPunter
Supreme |
21-Nov-2011 09:47
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Like victorf?... maybe, maybe not...
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baberic
Senior |
21-Nov-2011 09:45
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I know there are a few SJ forumers who are stock brokers/trading reps. They are doing a good service to us though we are not their clients. But of course, everything, every recommendation should be taken with a pinch of salt. Cheers. | ||||
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iPunter
Supreme |
21-Nov-2011 09:19
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Lol... brokers and remisiers have bags of time, now that they can't go out for lunch... and more are more clients are doing online trading on their own... |
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baberic
Senior |
21-Nov-2011 09:14
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The younger ones don't have time for the market, actually. This is what I know. Either too involved in job (not stock related) or else eking out a living overseas. I believe most people here are already past working except the brokers and remisiers who are posting here during off peak trading.
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iPunter
Supreme |
21-Nov-2011 09:09
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Yes... sifu is right... All must not underestimate the very young anymore ... Young people are getting more and more brainy and smart as as they embrace the Internet for their self-development... With the Internet, they can develope tremendously...
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louis001
Master |
21-Nov-2011 08:59
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today's market players are a different animal too...more younger and educated .... and even the uncle and auntie are using internet online trading, wireless laptop to monitor and enter their trades, looking at the charts and drawing all kind of lines, take part in different online share investor forums, attending different talks....LOL |
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