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STI to cross 3000 boosted by long-term investors
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limhpp
Veteran |
18-Jul-2008 14:01
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Aiyo, thought this morning mostly green what...... Now login and OMG... |
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limkt009
Veteran |
18-Jul-2008 13:42
Yells: "Watch your front, grab $$$$$ at your own time" |
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Asian banks generally face little risk from their holdings of securities issued by the Federal National Mortgage Association and Federal Home Loan Mortgage Corporation, says Moody's Investers Service. | ||||
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Hulumas
Supreme |
18-Jul-2008 13:20
Yells: "INVEST but not TRADE please!" |
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Should SGX soon follow if possible? Any suggestion its pro and con?
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ozone2002
Supreme |
18-Jul-2008 11:11
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check out STI intraday graph today...chiong down all the way.. hahaha | ||||
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ozone2002
Supreme |
18-Jul-2008 11:05
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so 30 days of chionging..so sad.. | ||||
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cathylmg
Elite |
18-Jul-2008 10:57
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The implications of not being able to short in US market, will they move their shorting strategy to other countries? Like Singapore? And for this 30 days, what is the direction of the market thereafter? Continue from where it left off? Here is something to ponder about. But in the mean time, a short rally will be inevitable. Until the end of 30 days ban.
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hondastream
Member |
18-Jul-2008 10:54
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folks, any idea the sudden turn of the market. ??? | ||||
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OneSharer
Veteran |
18-Jul-2008 10:49
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Is that really a bad strategy in times of crisis? Pls enlighten my ignorance.
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jackjames
Elite |
18-Jul-2008 10:40
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yeah la.. it's in the news... dirty stratergy... shit... that's why all the bank and investment company shares all up 30% in 2 days time.. cannot short mah... then, everybody contra la.. i am waiting ML at USD 19, then, they come out with this stratergy, ceh.. |
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cathylmg
Elite |
18-Jul-2008 10:36
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19 US stocks Ban on Naked Shorts for 30 days. Have a look at some contrarian views. http://www.youtube.com/watch?v=TZydFxDqpVY&eurl=http://investorandtrader.blogspot.com/ |
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SupremeA
Veteran |
18-Jul-2008 10:35
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Dow shoot up like tt but STI can't seem to be bothered | ||||
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ozone2002
Supreme |
18-Jul-2008 10:09
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Citigroooop reporting tonight..gloom n doom baby! | ||||
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trader88.sg
Veteran |
18-Jul-2008 09:54
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Business Times - 18 Jul 2008 Cash gets thumbs up, equities get avoided Merrill's survey also shows emerging markets are falling out of favour By GENEVIEVE CUA (SINGAPORE) Turbulent stock markets have spurred a record proportion of asset allocators to overweight cash positions in portfolios, Merrill Lynch's monthly survey of global fund managers has found. Sentiment towards emerging markets also abruptly turned southwards as only 4 per cent of asset allocators indicated an overweight position in that asset, compared to 31 per cent in May. Among fund managers the average cash balance is 4.8 per cent, up slightly from 4.6 per cent in June. Merrill's July survey finds that a record net 53 per cent of asset allocators are now overweight cash, compared to 44 per cent in June. A record net 40 per cent are also underweight equities. Despite the sell-off in markets, only a net 16 per cent of managers think equities are cheap. 'What is striking is the lack of conviction about earnings. This may be one reason why the market is struggling to form a base,' said the report. A net 83 per cent of managers believe corporate earnings estimates are too high. On the emerging markets, investors are increasingly concerned that rising inflation would make the region more vulnerable to monetary tightening and slowing domestic demand. Said Merrill's chief global emerging markets equity strategist Michael Hartnett: 'The best combination for emerging market equities is rising commodity prices and falling EM interest rates; the worst is falling commodities prices and rising EM interest rates. Weaker global growth and higher inflation in emerging markets are raising the risk of the latter, which is why asset allocators have become much more cautious.' Mr Harnett wrote in the report: 'July cash and pessimism continue to argue (that) markets (are) extremely oversold. Missing catalysts are lower oil, abatement to banking crisis.' On managers' regional preferences, emerging markets remain the most favoured in terms of corporate profits outlook, chosen by 40 per cent of managers, and eurozone is the least favoured. But in terms of quality of earnings, emerging markets fared the worst, cited by an increasing number of managers - 56 per cent in July, compared to 48 per cent in June. Emerging markets were also seen as the most overvalued, with a net 28 per cent of managers saying so, compared to 19 per cent in June. The most undervalued is seen to be Japan. Some private banks are beginning to see value in markets, however. JPMorgan private bank's Adam Tejpaul, head of Asia investments, said: 'We entered the year well overweight cash; it was our largest overweight in multiple years . . . With a reasonable amount of confidence, I would expect that we would have less cash three months from now. We're looking for opportunities to get back into the market. 'We're absolutely underweight equities at the moment, underweight US and Japan, and slightly overweight Asia ex-Japan . . . Moments like these provide the best opportunities, but the first step into the market isn't necessarily positive on a marked to market basis.' Kwong Kin Mun, DBS private banking (South Asia) managing director, said balanced portfolios are now about 40 per cent allocated in cash, down by 10 per cent from last year. 'What's important is how you populate the (equity) allocation. We're increasingly getting clients to put more into high-yielding assets.' Reits, he pointed out, are paying attractive yields as asset prices have been battered. 'A lot of clients don't mind using equity-linked notes to invest in Reits.' The notes could pay a coupon higher than than the actual underlying Reit's distribution. |
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ozone2002
Supreme |
18-Jul-2008 09:04
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x 0
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same strategy today :)
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AK_Francis
Supreme |
17-Jul-2008 23:33
Yells: "Happy go lucky, cheers." |
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x 0
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CO future not cleared and DJ now down 20 over point. not optimisstic for 2morow liao. after 23..44 down yesterday, not sure why Thailand no trading today. Any input? tks. |
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CWQuah
Master |
17-Jul-2008 23:00
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STI tomorrow faces a very tough resistance at 2889-2892. If it's successful in breaking above this, 2917 is the next key resistance. Ideally if it can close at this level the uptrend is likely to continue. 2847-2850 should offer technical support to STI. Dun rule out a gap cover to 2843 should regional markets or Dow tonight turn bearish. Other significant intraday levels are 2864, 2880. |
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trader88.sg
Veteran |
17-Jul-2008 18:15
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If the world economy becomes worse, so will the general demand and CO will surely come down. It is a matter of time. |
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AK_Francis
Supreme |
17-Jul-2008 17:44
Yells: "Happy go lucky, cheers." |
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x 0
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Mon DJ down 45.35, Tue STI vomitted 73.37. Last nite DJ up 276.74, today STI merely gained ground of 28.78. If 2nite DJ don't perform, 2morow STI may return back to the square one loh. Hope CO down further, less SPC, other counters will get the boost, esp transportation and manufacturing coy. |
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soloman
Master |
17-Jul-2008 17:02
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Federal Reserve Chairman Ben Bernanke appeared before the House Financial Services Committee Wednesday after testifying before the Senate Banking Committee Tuesday. In his testimony, Bernanke stated that government-backed mortgage financers Fannie Mae and Freddie Mac are "in no danger of failing." |
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AK_Francis
Supreme |
17-Jul-2008 15:10
Yells: "Happy go lucky, cheers." |
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x 0
x 0 Alert Admin |
Agreed, the consecutively down turn for CO in global markets since Mon, may not signify a down trend. Now, SPC clocks -11. Sifu 168, the liulian now is it cheap enough to buy some for consumption? he he. |
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