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STI to cross 3000 boosted by long-term investors
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cheongwee
Elite |
19-Aug-2009 19:47
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late summer..is near to end of summer...that is 22/9...but it may not come about.. ppl said why alway year end big thing happen...welll ti is just that it is the last quater of ther year and it is always the time coy report all the worst thing... so it appear like always Oct..well they choose to drop the bomb in Oct..their reporting..
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bennykusman
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19-Aug-2009 19:38
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late summer is when ? sept ?
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cheongwee
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19-Aug-2009 19:27
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FYI...i have been receiving all these bear newsletter, since the sucker rally began,,,,one thing strange abt it is... as they shout the market head higher.... i believe , mrkt will collapse only when they shut up...and they still shouting...so??? rally still on...only late summer , i do see something odd happening and it may not cause any havoc at all....but just be prepare..just in case... |
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Hulumas
Supreme |
19-Aug-2009 19:23
Yells: "INVEST but not TRADE please!" |
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It is a buying and shorting opportunity then!
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cheongwee
Elite |
19-Aug-2009 19:21
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i just recive this ...i know it is no good for the soul.,esp today......but just read plainly...dont believe everything in it... Today’s Market Is
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| Key Factor | 1930's | Right Now |
| Initial Collapse | -49% | -52% |
| Length of the Subsequent Rally |
155 days | 150 days+ |
| Gain of the Subsequent Rally |
+50% | +50% |
| Final Collapse | -70% | Coming Soon |
Ok, you're skeptical. So what if the charts for today and 1929 are identical?
How about the earnings? After all, profits are what drive the stock market over time.
Look at the chart to the left. Yes, projected earnings are a driver all right. Right off a cliff!
Earnings today are even lower than they were during the Great Depression.
They’ve fallen 98% from their peak in 2007. Adjusted for inflation, stocks have NEVER been this unprofitable in the last 80 years.
In light of the rampant bullishness ... the parabolic rally in the S&P 500 ... the horrific earnings ... and the similarity between today’s rally and that of 1929, one thing is clear:
Another crash is certain to come.
Elite
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What the heck!!!..sold Monday,,,and it is still Monday( same px)...but i thk tomolo may up a bit..
SSE shd rebounce..and dow may not down much...
luckily, now lighter. .sold most on Monday...any time can run..
but i dont see mid august , the start of correction...late summer..most likely..
tonite it is crude inventory...no issue..likely to remain or slight change..
Master
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Shanghai takes another drubbing, loses 4.3%
HONG KONG (MarketWatch) -- Shanghai stocks dropped 4.3% Wednesday, leading a broad Asian selloff for the second time this week, amid concerns over further tightening in credit conditions and a lack of market-supportive measures from Beijing.
Chinese resource companies posted some of the biggest losses, particularly copper producers, tracking a decline in metals prices and pointing to uncertainty surrounding the Chinese economy.
"Investors are worried about whether the [Chinese] government will adopt further tightening measures," said Ben Kwong, chief operating officer of KGI Securities in Hong Kong.
Also in China, the Shenzhen Composite Index was off 4.9%. Wednesday's losses in the Shanghai Composite Index benchmark bring its two-week retreat to 20%.
Concerns over the pace of China's economic growth weighted on commodity futures fell Wednesday, with the benchmark copper contract edging 1.5% lower on the Shanghai Futures Exchange, according to Dow Jones Newswires. Steel futures were limit-down 5% and the rubber futures slipped 1%.
As of the open Wednesday in London, copper prices are down nearly 9% from last week's 10-month high.
Master
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As expected, the market shows some indication of its direction after mid August 2009 (first day dropped 84 points)...it seems to point to possibility 2....need one more week to confirm ....good luck !
victorf ( Date: 28-Jul-2009 12:26) Posted:
2600 region reached....now the "million dollar" question is which one (possibility 1 or 2 happening ? ) after mid August 2009 - May 2010 ...let's wait for the market to make the decision in three weeks time as Market is always RIGHT !!!
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x 0 Master
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anyone think tomorrow will drop again? Everytime the drop of SHA is close to 5% recently.
i dun think anyone of us here can adopt loh ..... tomorrow another 4-5% of SHA drop????
regional market follow to drop 2-3% ??????
NO WAY man .....
FxxK it china bear ....
Master
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think formal result will be announce tomorrow, no matter how bad it is, already factor in liao ...
if it is good, hope can help to push up abit loh ....
Bank of Communications Co. (3328.HK), China''s fifth-largest lender by assets, said Wednesday its first-half net profit was largely
unchanged from a year earlier, as increases in lending and fee-based revenue were offset by a drop in net interest income.
BoCom, which is 18.6%-owned by HSBC Holdings PLC, said in a statement it expects China''s economy to continue recovering in the
second half, and it will step up efforts to expand its sources of fee income and look for lower-cost funding to hedge against narrowing
interest margins. Net profit for the six months ended June 30 was CNY15.56 billion, up slightly from CNY15.51 billion a year earlier.
The result was in line with the average CNY15.58 billion forecast of five analysts polled earlier by Dow Jones Newswires.
ronleech ( Date: 19-Aug-2009 16:46) Posted:
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Elite
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cheongwee buy lah...what to do ppl want to sell cheap.. but tomolo evne cheaper...so buy slowly...
like eate buffet dinner like this...slowly eat..
Veteran
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Master
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HONG KONG, Aug 19 (Reuters) - Chinese shares slumped 5 percent on Wednesday and the rest of Asia and Europe followed on growing fears that global investors were pulling the plug on a 6-month rally amid doubts about a global economic recovery.
Shanghai stocks <.SSEC> tumbled to a two-month low on disappointment that authorities were not taking steps to support the market amid increasingly heavy losses.
A heady run-up in Chinese stocks this year has become firmly linked with global investors' desire to take on more risks again for higher returns. The sharp reversal in China has badly shaken confidence, even though some form of correction had been widely expected after share prices ran up so fast.
European stocks <.FTEU3> fell 1 percent in early trade while U.S stock futures <SPc1> down 0.9 percent.
Oil and metal prices and cyclical currencies like the Australian dollar also fell as the selloff in China gained pace.
Shanghai shares slumped as much as 5 percent at one point before settling 4.3 percent lower, taking their losses to around 20 percent in just two weeks -- meeting the definition of a bear market.
Even with the latest reversal, the Shanghai index is still up some 53 percent so far this year.
Many international investors had hoped China would lead a global recovery as its economy picked up steam again. While its recovery trend looks intact, signs abound that consumer demand and company profits in the rest of the world remain weak, impeding a broad recovery.
"I'm keen not to get on the wrong side of a correction at this point," said Andrew Orchard, strategist with Royal Bank of Scotland in Hong Kong.
"The conditions for a longer-term bull run are still in place, after all this whole rally has been about liquidity. But I think some valuations look overstretched."
The MSCI index of Asia Pacific stocks outside Japan slipped 0.3 percent after being higher most of the day. The materials sector, which has led the rally in regional markets, was one of the biggest decliners.
Japan's Nikkei share average <.N225> finished 0.8 percent lower, hurt by Shanghai's decline and weakness in retailers and technology stocks, but Sanyo Electric <6764.T> surged as much as 17 percent after a source said it would sell batteries for hybrid cars to Toyota. [.T]
POLICY DISAPPOINTMENT
China's three most influential official securities newspapers published bullish comments on Wednesday seeking to talk up the stock market.
Short-term trading signals on Chinese stocks have moved swiftly from reflecting overbought conditions 12 trading days ago to now being slightly oversold. Still, the correction in valuations may have further to run.
"Investors are disappointed that regulators failed to take any concrete steps to support the market, while sentiment is extremely shaky after the market's tumble over the past two weeks," said analyst Chen Huiqin at Huatai Securities in Nanjing.
Bank of Communications <3328.HK><601328.SS>, the country's fifth-largest lender, will kick off Chinese bank first-half results on Wednesday, followed by two of the world's biggest banks by market value later in the week: Industrial and Commercial Bank of China <1398.HK><601398.SS> and China Construction Bank <0939.HK><601939.SS>.
Pressure on net interest margins is expected to hurt the banks' results despite barely receiving a scratch from the global credit crisis.
The Australian dollar still remained largely shackled to the whims of Chinese stocks, given the strengthening trade ties between the countries.
The Australian dollar dropped 0.4 percent in choppy trade to US$0.8232 <AUD=>, though was still near an 11-month high around $0.8477 reached on Friday.
The U.S. dollar got a boost from the Chinese market's weakness after a small dip overnight as Wall Street recovered. The ICE Futures U.S. dollar index <.DXY> rose 0.3 percent.
Three-month copper traded <MCU3> on the London Metals Exchange fell 2.3 percent to $5,940 a tonne, while Shanghai copper dropped 3.3 percent to 46,400 yuan <SCFc3>.
U.S. crude oil for September delivery fell by 0.4 percent to $68.93 a barrel <CLc1> as equity markets declined. Brent slid 0.8 percent to $71.73 <LCOc1>.
U.S. stock markets rose around 1 percent overnight, rebounding from sharp losses on Monday, as better-than-expected results from big retailers encouraged investors to get back into the market. [.N]
But analysts remain worried about laclustre consumer demand. Many firms which have beat or met market expectations this earnings season have done so by cutting costs, not by increasing sales.
(Additional reporting by Claire Zhang and Edmund Klamann in SHANGHAI)
(Editing by Kim Coghill)
((Reuters Messaging: kevin.plumberg.reuters.com@reuters.net Email: kevin.plumberg@thomsonreuters.com; 852-2843-6370)) ((For the state of play of Asian stock markets please click on: <0#.INDEXA>))
* For Reuters Global Investing Blog, click on
http://blogs.reuters.com/globalinvesting
* For the MacroScope Blog, click on
http://blogs.reuters.com/macroscope
* For Hedge Fund Blog, click on
http://blogs.reuters.com/hedgehub ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))
Keywords: MARKETS GLOBAL
* Shanghai, Shenzhen stocks plunge 5 percent as bears rule
* Sudden drop in China hits Asia shares 2nd time in 3 days
* Commodities, Australian dollar drop on equity weakness
* Chinese banks on tap to report results
(Repeats to more subscribers)
By Kevin Plumberg
HONG KONG, Aug 19 (Reuters) - Chinese shares slumped 5 percent on Wednesday and the rest of Asia and Europe followed on growing fears that global investors were pulling the plug on a 6-month rally amid doubts about a global economic recovery.
Shanghai stocks <.SSEC> tumbled to a two-month low on disappointment that authorities were not taking steps to support the market amid increasingly heavy losses.
A heady run-up in Chinese stocks this year has become firmly linked with global investors' desire to take on more risks again for higher returns. The sharp reversal in China has badly shaken confidence, even though some form of correction had been widely expected after share prices ran up so fast.
European stocks <.FTEU3> fell 1 percent in early trade while U.S stock futures <SPc1> down 0.9 percent.
Oil and metal prices and cyclical currencies like the Australian dollar also fell as the selloff in China gained pace.
Shanghai shares slumped as much as 5 percent at one point before settling 4.3 percent lower, taking their losses to around 20 percent in just two weeks -- meeting the definition of a bear market.
Even with the latest reversal, the Shanghai index is still up some 53 percent so far this year.
Many international investors had hoped China would lead a global recovery as its economy picked up steam again. While its recovery trend looks intact, signs abound that consumer demand and company profits in the rest of the world remain weak, impeding a broad recovery.
"I'm keen not to get on the wrong side of a correction at this point," said Andrew Orchard, strategist with Royal Bank of Scotland in Hong Kong.
"The conditions for a longer-term bull run are still in place, after all this whole rally has been about liquidity. But I think some valuations look overstretched."
The MSCI index of Asia Pacific stocks outside Japan slipped 0.3 percent after being higher most of the day. The materials sector, which has led the rally in regional markets, was one of the biggest decliners.
Japan's Nikkei share average <.N225> finished 0.8 percent lower, hurt by Shanghai's decline and weakness in retailers and technology stocks, but Sanyo Electric <6764.T> surged as much as 17 percent after a source said it would sell batteries for hybrid cars to Toyota. [.T]
POLICY DISAPPOINTMENT
China's three most influential official securities newspapers published bullish comments on Wednesday seeking to talk up the stock market.
Short-term trading signals on Chinese stocks have moved swiftly from reflecting overbought conditions 12 trading days ago to now being slightly oversold. Still, the correction in valuations may have further to run.
"Investors are disappointed that regulators failed to take any concrete steps to support the market, while sentiment is extremely shaky after the market's tumble over the past two weeks," said analyst Chen Huiqin at Huatai Securities in Nanjing.
Bank of Communications <3328.HK><601328.SS>, the country's fifth-largest lender, will kick off Chinese bank first-half results on Wednesday, followed by two of the world's biggest banks by market value later in the week: Industrial and Commercial Bank of China <1398.HK><601398.SS> and China Construction Bank <0939.HK><601939.SS>.
Pressure on net interest margins is expected to hurt the banks' results despite barely receiving a scratch from the global credit crisis.
The Australian dollar still remained largely shackled to the whims of Chinese stocks, given the strengthening trade ties between the countries.
The Australian dollar dropped 0.4 percent in choppy trade to US$0.8232 <AUD=>, though was still near an 11-month high around $0.8477 reached on Friday.
The U.S. dollar got a boost from the Chinese market's weakness after a small dip overnight as Wall Street recovered. The ICE Futures U.S. dollar index <.DXY> rose 0.3 percent.
Three-month copper traded <MCU3> on the London Metals Exchange fell 2.3 percent to $5,940 a tonne, while Shanghai copper dropped 3.3 percent to 46,400 yuan <SCFc3>.
U.S. crude oil for September delivery fell by 0.4 percent to $68.93 a barrel <CLc1> as equity markets declined. Brent slid 0.8 percent to $71.73 <LCOc1>.
U.S. stock markets rose around 1 percent overnight, rebounding from sharp losses on Monday, as better-than-expected results from big retailers encouraged investors to get back into the market. [.N]
But analysts remain worried about laclustre consumer demand. Many firms which have beat or met market expectations this earnings season have done so by cutting costs, not by increasing sales.
Master
Yells: "Believe in yourself. Ride with the waves......"
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Master
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one day up one day down ...... so will tomorrow be a slight rebound happen here again?
actually no bad news ... just that china people are wary about the bank results, government policy ...... so you dump i dump everybody dump...
expected DOW will close -ve tonite .... so no suprise loh ....
Supreme
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Peg_li ( Date: 19-Aug-2009 15:09) Posted:
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Member
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cheongwee ( Date: 19-Aug-2009 15:25) Posted:
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Elite
Yells: "deity"
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Elite
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..i am afraid we have got slightly less then a month of good time left tp play.......today is an opportunity..
a dream we hope come true tomolo...may the good lord have mercy on us, keep us away fr calamity..
Elite
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But at least, he was certain that the future was uncertain...he is right...he is smart to this extend..
Singapore is an open economy...open means vulnerable...unless u go and close it...hehehehe
cheongwee ( Date: 19-Aug-2009 15:09) Posted:
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