• Hungary is another European country to watch out for default. They have causes a nervous market sell off yesterday.
• Obama accessment on BP breach on oil spill in the Gulf of Mexico. If a six month ban on BP is pass through, many jobs will be lost and further to that we will see an increase in cruise oil per barrel.
• North/South Korea war threat

Yes. This means that more volatility is coming.

I expert the market go into a deep dive next Monday.

For people who had brought some stocks in the last few days, like me.

Set a 10% cut loss point. When the point is reach, you cut no matter what, not buts, no excuses.

Your 1st priority is to protect your capital, cut loss at 10% and buy back at lower price later.

Good luck to all.

iPunter      ( Date: 05-Jun-2010 08:56) Posted: All the Dow's laborious climbing gains in 3 months... Wiped out in just 1 month! (The Dow closed -323 pts  last night (Friday))...

Hi RiskTaker

I share your view.  Shows that you are very well informed and steady too.

Cheers!!!

No doubt monday STI will drop, but it wont be so jia lat because

1) Monday US market will rebound
2) Singapore outstanding economy conditions.
3) Any job growth is job growth there bound to have up and downs. To some BB i know they are positive with the US Jobs report.  

Someone will support the STI market @ 2780 and Dow Jones @ 9800 :)  

1) Singapore economy is doing very well - Growth of at least 9% (Civil servant bonus + GST rebate) Stock market merely represent a country economy
2) When the markets around the world is not stable - Funds will switch to more stable markets such as singapore.
3) Still Monday STI will open lower because of market sentiments but if u short - U will be caught and executed.
4) There will be selective shares going up :) 

anybody same view as me?

hehehhheheheh....

when to buy cheap?

well, dun say i never share with u guys..

this time round, we may see 2500 or 2400? hehehehe....

cheong arr!

take ur gun and short now!!!

kellychang      ( Date: 04-Jun-2010 20:39) Posted: u only praise those bearish.. u love bear a lot...r u? anyway...now i bearish liao... next  level? hmm < 2600?? anybody? first target 2400 first :) then 2200? hehehehehe.... iPunter      ( Date: 04-Jun-2010 20:17) Posted: ni yue lai yue jin bu le...  hehehe... (Meaning: You are improving more and more)

Must provide a timetable too :p

30 Jun 2010 - 2600 due to World Cup effect

31 Jul 2010 - 2400 due to start of fiscal and monetary tightening

31 Aug 2010 - 2200 due to financial crisis, Euro at all time low

kellychang      ( Date: 04-Jun-2010 20:39) Posted: u only praise those bearish.. u love bear a lot...r u? anyway...now i bearish liao... next  level? hmm < 2600?? anybody? first target 2400 first :) then 2200? hehehehehe.... iPunter      ( Date: 04-Jun-2010 20:17) Posted: ni yue lai yue jin bu le...  hehehe... (Meaning: You are improving more and more)

u only praise those bearish..

u love bear a lot...r u?

anyway...now i bearish liao...

next  level? hmm < 2600?? anybody?

first target 2400 first :)

then 2200? hehehehehe....

iPunter      ( Date: 04-Jun-2010 20:17) Posted: ni yue lai yue jin bu le...  hehehe... (Meaning: You are improving more and more)