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STI to cross 3000 boosted by long-term investors
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cyjjerry85
Elite |
08-Feb-2009 22:56
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did u generate this report urself? or gotten from another source? sounds impressively written with your backup pointers
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remisier
Member |
08-Feb-2009 22:39
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Shanghai leads the road of recovery The road to recovery apparantly starts from China as the world engine of growth. The chinese government injected massive four trillion yuan ($586 billion) on upgrading infrastructure, particularly roads, railways, airports and the power grid; on raising rural incomes via land reform; and on social welfare projects such as affordable housing and environmental protection. This massive spending since end of last year and other stimulus packages to maintain the third world economy (after overtaken Germany recently) is not only important to its own economy but it will help other world economies from deeper collapse. The stimulus package which is infrastructure heavy should cause them to import at least as much as they did last year (perhaps more). And this is a very good news for dry bulk carrier which has seen its BDI (Baltic Dry Index) tariff fallen to 1986 low end of last year. The BDI which provides the assessment of the price of moving the major raw materials by sea and indirect measurement of economic activities has bottomed out. Its daily chart has formed inverted head and shoulder formation and it would be quite unlikely to see it fallen back to last year low. Shanghai Index which shed 75% of its value has not only bottomed since the massive announcement last year but it has moved up on the uptrend defying the sober sentiment in Wallstreet.   SSE Weekly SSE Daily SSE (Shanghai Stock Exchange Index) has finally bottomed out from technical perspective but it’ll be too early to point out at continual rally. An interesting chart pattern happens early last year where the bearish triangular breakdown formation reaffirms the bear market and only last week the bullish triangular breakout from the base could be a potential of new further rally.  DJIA The US market however does not behave as bullish as the Shanghai Index. But lastweek’s attempt of breakdown from the 7800 support level and failed provide the clue that the base formation is doing well. As of this time the US market is trading in the range and current rally for the Dow will face the resistance at 9000 level. It’s still too early to know whether the rally will last but at least it’s proven the current support becomes stronger. For anyone look for investment idea you may look at local market which with exposure in commodities, infrastructure or dry bulk carrier such as NOL, STX Pan Ocean, Midas and Noble Group. |
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Blastoff
Elite |
08-Feb-2009 18:31
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At least a short rally in anticipation of stimulus package... 
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cheongwee
Elite |
07-Feb-2009 22:22
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I believe after this crises we are going to see a dow of 30000!!!no mistake...this is achievable within 10 years...why not???with those trillion dollar in the system ...it will come to chase stock to the moon.. |
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Hulumas
Supreme |
07-Feb-2009 18:50
Yells: "INVEST but not TRADE please!" |
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You like down, then down loh....
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Hulumas
Supreme |
07-Feb-2009 18:49
Yells: "INVEST but not TRADE please!" |
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x 0
x 0 Alert Admin |
You like up, then up loh........
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winsontkl
Elite |
07-Feb-2009 18:04
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Blastoff ...do you really think so ..... what positive news ever come out this few weeks.... Never imagine the impact to be so severe.....sight. |
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Blastoff
Elite |
07-Feb-2009 11:35
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Should see some rally on Monday.... | ||||
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ozone2002
Supreme |
06-Feb-2009 15:08
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Same trend as yesterday..chiong high in the AM...cascading lower towards the afternoon... @ 305 pm..formation of a head n shoulder pattern..with right shoulder lower than left shoulder.. looks to be headin lower.. |
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ozone2002
Supreme |
06-Feb-2009 14:19
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when pple have no jobs..i wonder where will they have the $$ to spend to stimulate the economy? By gettin money from the govt? Wall Street ignores bad news to climb higher NEW YORK: Record-high jobless numbers? Sputtering retail sales? Uncertainty about the fate of a huge economic stimulus package? Wall Street shrugged off these worries on Thursday and shares rose in midday trading, erasing losses from earlier in the day. At the close, the Dow Jones industrial average was up 106.41 points, or 1.3 percent to 8,063.07, while the broader Standard & Poor's 500-stock index rose 1.6 percent or 13.60 points, to 845.83. The Nasdaq was 2 percent or 31.19 points higher to 1,546.24, helped by gains in computer stocks. Crude oil settled at $41.17 a barrel, up 85 cents in New York trading. Financial shares bounced back as investors speculated about the government's next steps to prop up the banking system, and the chance that mark-to-market accounting rules could be modified. On Wednesday night, Senator Christopher Dodd, Democrat of Connecticut, said that the rules could be tweaked for banks with potentially huge write-downs. "The market is liking the rumors it's hearing," said Ryan Larson, head equity trader at Voyageur Asset Management. "Nothing's materialized — it's just what's moving markets." Treasury Secretary Timothy Geithner is expected to unveil a strategy next week to address the billions of bad assets sitting on the asset sheets of major financial institutions. Despite receiving billions of capital injections under the government's Troubled Asset Relief Program, or TARP, some big banks are still teetering. Already battered financial stocks slid more than 26 percent in the first month of the year as concerns grew about their stability in the deepening downturn. "We have great hope that TARP 2 is going to be better than TARP 1," said Joe Battipaglia, market strategist for the private client group at Stifel Nicolaus. "There's no reason to that, that other than that hope always springs eternal." Shares of Goldman Sachs, Morgan Stanley and JPMorgan Chase all climbed, but Bank of America, which slipped below $5 a share on Wednesday, continued to slide. Bank of America's stock price has dropped more than 50 percent since the beginning of the year as investors worry about its financial stability and its exposure from its acquisition of Merrill Lynch. Shares of Wal-Mart Stores rose more than 3 percent after a new report showed the world's largest retailer had defied a broad slump in retail sales in January. While sales for the entire retail industry fell 1.8 percent in January, Wal-Mart's sales increased 2.1 percent, not including fuel, according to the research firm Retail Metrics. Wide gains in the consumer sector buoyed companies whose sales had dropped — sometimes by double digits — in January. Shares of Target, Macy's, Kohl's and Saks Incorporated were all higher Thursday afternoon. Consumers have scaled back on their spending, cutting it 3.5 percent in the fourth quarter, as stores close, employers institute wage freezes and furloughs and the broader employment picture darkens. On Thursday, the government reported that first-time unemployment claims last week rose to 626,000, the highest point in 25 years. A range of businesses from Microsoft to Caterpillar to Home Depot have announced thousands of job cuts, and economists expect the unemployment rate to rise to 7.5 percent in January. |
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des_khor
Supreme |
06-Feb-2009 12:13
Yells: "Tell me who is the God or MFT from this forum??" |
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Better take two tablets to make it harder !! | ||||
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L.....
Veteran |
06-Feb-2009 12:09
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x 0
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sti is like an old man.. no energy.. need viagra.. start strong, now weak again | ||||
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freeme
Elite |
06-Feb-2009 11:43
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That means u will not see the economy suddenly collapse but it will slowly rot until global economy recovers den sg gt hope to move up together
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tanglinboy
Elite |
06-Feb-2009 11:27
Yells: "hello!" |
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Wah... sound very chim. What he means by momentum?
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ozone2002
Supreme |
06-Feb-2009 10:37
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With more unemployment..i think the economy is going further downhill from here.. Be realistic.. Economy: The number of Americans filing new claims for unemployment last week rose by 35,000 to 626,000, a more than 26-year high. The figure was worse than what economists were expecting, according to a survey by Briefing.com. Another report showed that factory orders fell 3.9% in December, after dropping a revised 6.5% in the previous month. Economists thought orders would drop 3.5%. Retail sales: The nation's chain stores reported another rough month of year-over-year sales as the recession continued to gouge consumer spending. Overall sales are expected to have fallen 2.3%, according to Thomson Reuters estimates, versus a gain of 0.4% a year ago. However, retail sales have been weak for months and the latest batch provided few surprises. With a few exceptions, most retail stocks rose Monday, even when the companies reported weak sales. |
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ozone2002
Supreme |
06-Feb-2009 09:46
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see his comments in red.. Singapore finmin says economic woes deepening SINGAPORE, Feb 5 (Reuters) - Singapore's finance minister said on Thursday the economic downturn was worsening and the government may have to tap its multi-billion dollar pool of reserves for another fiscal stimulus package next year. Singapore was the first country in Asia to fall into recession last year and Finance Minister Tharman Shanmugaratnam reiterated a forecast made before the country's January stimulus package that the economy could shrink up to 5 percent this year. "We are seeing continued momentum in the decline week by week," Tharman told parliament at a budget debate. Singapore, a tiny city-state of 4.6 million, last month took the unprecedented step of drawing on its reserves to help finance a S$20.5 billion ($13.6 billion) stimulus package as its economy shrunk for the third straight quarter. [ID:nSP404398]. Tharman said the stimulus package was sufficient. It will result in a budget deficit of about 6 percent of gross domestic product for 2009/2010 before investment income and the top-up from reserves. "There is a possibility the government may have to go back to the president and the CPA in a year's time to seek a further draw," Shanmugaratnam said, referring to the Council of Presidential Advisers. Singapore's president, whose role is otherwise largely ceremonial, is the formal guardian of the reserves. A senior politician said on Sunday the government would dip into the reserves only in times of crisis and to pay for welfare. "As a general principle, the government must continue to fund such programmes out of revenues raised in the current term of government, not past reserves," former Prime Minister Goh Chok Tong said Singapore's two sovereign funds, Temasek [TEM.UL] and the Government of Singapore Investment Corp, or GIC, together manage an estimated $400 billion in assets. |
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trader88.sg
Veteran |
05-Feb-2009 15:16
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x 0
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Did you mean Dow Jones?
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ozone2002
Supreme |
05-Feb-2009 14:37
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S&P broke pyscho level of 8K... other markets to follow suit.. nothing surprising... | ||||
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trader88.sg
Veteran |
05-Feb-2009 14:12
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05 Feb 2009 Japan: Nikkei slips, caught between US worry and China hope TOKYO - Japan's Nikkei stock average fell 0.8 per cent on Thursday as Canon Inc and other tech shares slipped on worries about the US economy, but hopes for Chinese economic steps boosted shippers, providing support. Panasonic Corp shares rose 1.4 per cent to 1,107 yen after the world's No1 plasma TV maker warned it would post an annual loss of US$4.2 billion, just slightly bigger than expectations, with market players saying that some of the steps it announced - such as cutting 15,000 jobs - were likely being viewed favourably. The benchmark Nikkei fell 66.88 points to 7,972.06, while the broader Topix shed 0.1 per cent to 791.82. -- REUTERS |
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Blastoff
Elite |
05-Feb-2009 14:10
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STI seems to be following Nikkei direction.... downwards. Anyone knows why a sudden drop in Nikkei? | ||||
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