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STI to cross 3000 boosted by long-term investors
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rpires
Member |
28-Aug-2011 13:06
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QE3 sound like more bad news for me. if you think inflation is already bad, it gona be worse soon. stocks market at inflated valuation, everything at distorted price. |
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EdwardLiu
Senior |
28-Aug-2011 12:24
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By Jonathan Burgos - Aug 28, 2011 11:42 AM GMT+0800 Asian stocks, trading near the lowest valuations since December 2008, may rebound after Federal Reserve Chairman Ben S. Bernanke said the U.S. economy is recovering, albeit at a slower pace, and the central bank has additional means to shore up growth if appropriate. The MSCI Asia Pacific Index last week snapped a four-week, 14 percent slump on speculation Bernanke would foreshadow extra stimulus policies during his Jackson Hole, Wyoming speech. The Standard & Poor’s 500 Index climbed 1.5 percent on Aug. 26, erasing losses of as much as 2 percent, as the Fed Chairman said growth will resume and decided to extend next month’s policy meeting to two days instead of one. Futures on Japan’s Nikkei 225 Stock Average rose 0.6 percent in Chicago. “We should see a decent rebound.” said Nader Naeimi, a Sydney-based strategist for AMP Capital Investors Ltd., which manages almost $100 billion. “Bernanke sounded a lot more confident. The probability of some sort monetary easing coming out of that two-day meeting is high.” Naeimi said on Aug. 23 that there was a “real risk of disappointment” if Bernanke didn’t commit to supporting economic growth. The MSCI Asia Pacific Index declined 13 percent this year through Aug. 26. Valuations on the gauge fell to an average 11.8 times estimated earnings on Aug. 22. That’s the lowest since December 2008 when equity markets tumbled as the global recession deepened amid a credit crunch that followed the collapse of Lehman Brothers Holdings Ltd. in September 2008. “The data has been mixed,” said Ng Soo Nam, the Singapore-based chief investment officer at Nikko Asset Management Co., which oversees about $154 billion. “Bernanke hasn’t announced QE3 because there is no need for it at the moment. The situation isn’t as bad as the stock market has factored in. There is scope for a rebound given such depressed valuations.” |
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niuyear
Supreme |
28-Aug-2011 10:02
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Have you heard of any thing?? Does one forsee a " insurance=bundled subprime crisis" ?? Hope not!
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ktnpl2005
Member |
28-Aug-2011 07:59
Yells: "Be Happy!" |
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With the expectation of a softer landing, banking counters should rise and defensive counters such as telecomunication may fall when market opens next week. | ||||
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JUNWEI9756
Supreme |
28-Aug-2011 04:06
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Allow dow to rally for another 500 points before a downfall.. | ||||
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Gaecia
Elite |
27-Aug-2011 23:05
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belgeran had shorted gensp late last week & it didn't tank but had instead risen. Which was why it lead him to think that gensp is looking bullish.
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RachelG
Member |
27-Aug-2011 22:37
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Is Prudential exposed to USA insurance claim in the event Irene leave a path of desturction?? |
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alexchia01
Elite |
27-Aug-2011 18:05
Yells: "Catch The Stars And Ride With Them" |
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x 0
x 0 Alert Admin |
Huh... Which one?
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wisann
Senior |
27-Aug-2011 18:01
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May I know what is your stop loss for your short positions?
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alexchia01
Elite |
27-Aug-2011 17:41
Yells: "Catch The Stars And Ride With Them" |
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Yap, you are right. Just that I was shorting them based on their charts, I didn't realize they are shipping counters until forget2bme mentioned it. This is good because there is a high chance that my position is correct.
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iPunter
Supreme |
27-Aug-2011 17:41
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Then I suppose you also own a few cars, all different makes?... lol... 
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alexchia01
Elite |
27-Aug-2011 17:33
Yells: "Catch The Stars And Ride With Them" |
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They are all down trending counters that fail to rally when other counters are rallying. Yesterday, they all show signs of weakness.
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alexchia01
Elite |
27-Aug-2011 17:29
Yells: "Catch The Stars And Ride With Them" |
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x 0
x 0 Alert Admin |
Ya, I know. Just can't resist the temptation when I walk into a Buffet and see so many dishes I like to eat. lol...
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lowchia
Veteran |
27-Aug-2011 14:39
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In last week, STI merely rebound 14 points from the opening of 2734 and close lower at 2748. A white candle sticks with long upper/lower shadow similar to “Doji” affirms that the selling has eased and investors began to buy on recent correction. Key Economics Data report: On Friday, Federal Reserve Chairman Ben Bernanke said central bank had marked down its outlook for US economic growth and made clear the policy focus was still on spurring a stronger recovery, but he did not provide any fresh details on steps the Fed could take. However Bernanke made clear that the central bank found recent developments troubling and said the Fed would expand its September policy meeting to two days from one to discuss its options. Technical Analysis on STI STI index has re-test the critical support at 2680 in this week and managed to hold on to this level. 1) In weekly chart, a white candle sticks with long upper/lower shadow affirms on the ease of selling pressure for the past weeks. 2) The weekly trading volume rose as the market remains volatile on any hints from the global economics. 3) MACD and RSI indicators turning flat as RSI going sideways. 4) STI is currently supported by the support at 2680. 5) The resistance at 2770 seems to be stronger than we expected. However the breach of this resistance will boast confidences to the investors. Important resistance of STI: 2770 (Daily charts) Immediate Support of STI: 2680 (Daily charts) MY tactics: It is very clear that READ MORE |
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iPunter
Supreme |
27-Aug-2011 14:15
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" Chiong Aaaaaaaaaaaaaaarrrrrrrrrrrrrh!!!" ...
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rabbitfoot
Veteran |
27-Aug-2011 13:54
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right. we have passed the bottom and rally up for the remaining months , even big ben got the guts to say on te road to recovery |
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EdwardLiu
Senior |
27-Aug-2011 13:52
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I lost in this crazy market, but I m still an optimist. The bull will come next week. Even Ah Ben is trying to talk up the market. NYSE promised to open on Monday. Let's not keep throwing the bear in. Let's enjoy the weekend and look forward to a good week ahead. STI is going to rebound. Cheers. | ||||
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iPunter
Supreme |
27-Aug-2011 13:44
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The market has been 'climbing a wall of worry' since many months ago. And that was what many called the " V-recovery" subsequent to the huge Lehman/Sub-prime caused meltdown. If one would regard that meltdown to be the beginnnng of a long bear market, that " V-recovery" may well be just t he rebound (fibo?) in the course of the bear market... But analysts are abundant, and 'a dime a dozen' ... lol... |
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eurekaw
Master |
27-Aug-2011 13:31
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Early next week, markets will try to gauge the impact of Hurricane Irene, which is expected to cause billions of dollars in damage as it slams into the east coast of the United States this weekend. The New York Stock Exchange is planning to remain open on Monday, although its building is just blocks away from low-lying areas of Manhattan that have been ordered to be evacuated ahead of the storm. Later in the week, investors will focus on some key economic data releases, including the Institute for Supply Management's index on the health of the US manufacturing sector, to be published on Thursday. And next Friday, the release of the official unemployment rate for August will provide insight into whether the deeply depressed US labor market is showing any signs of recovery. " What we need is good news in the employment side of things, but there is a chance we might not get good news," said Hugh Johnson, of Hugh Johnson Advisors. " It's too soon to celebrate." |
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eurekaw
Master |
27-Aug-2011 13:24
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Check out a 5 year weekly chart of the DOW and you will get a good idea where it is going in the next few weeks . It looks very likely in the next 3 weeks it will test the 10 Oct 2008 low of 7882 since it has spent the 3 weeks before the FOMC non event meeting treading water and has not broken the 5 week MA . Quoted this from somewhere. All experts here...any comments or ideas on this? |
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