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STI to cross 3000 boosted by long-term investors
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aleoleo
Master |
10-Jul-2008 07:16
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Good luck for those who kena bear trap yesterday. Hold tight again, our roller coaster is heading downstream today...... | ||
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Blastoff
Elite |
10-Jul-2008 07:08
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x 1
x 0 Alert Admin |
Looks like STI will be going down today after DOW dropped by 236.77 points.... | ||
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178investors
Veteran |
09-Jul-2008 22:28
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if one use ppp for gdp comparisons, china's economy would be about equal to usa by 2012. in another 2 or 3 decades, the dow will no longer be the global financial barometer that investors hold in awe... may be replaced by something more asian. |
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Livermore
Master |
09-Jul-2008 21:15
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News flash on Channel NewsAsia - China's economy to overtake that of the US by 2035 by US research organisation. CHINA!!!! |
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Livermore
Master |
09-Jul-2008 20:49
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x 0
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There is a bit of contradiction here. Jim Rogers said he intends to buy China shares again. Aren't there quite a few China shares in our Singapore market?
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trader88.sg
Veteran |
09-Jul-2008 18:03
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Business Times - 09 Jul 2008 Cash over equities, says Jim Rogers Commodities guru bullish on S$, waiting to buy more China stocks By JAMIE LEE (SINGAPORE) Hold cash over stocks in the Singapore market, said prominent investor Jim Rogers, who has been buying into foreign currencies such as the Chinese renminbi, the Japanese yen and the Swiss franc, as well as the Singapore dollar. 'The Singapore dollar, I would hold on to it. The US dollar may rally for a while because it's been so depressed for so many years. Renminbi, Japanese yen and Swiss franc, that's about all I'm doing,' Mr Rogers told BT at the sidelines of the National University of Singapore business school commencement ceremony, where he was the guest speaker. 'The best way to invest in China is to invest in the renminbi because it's got to go up over the decade,' he added. Mr Rogers has also considered buying commodities such as silver and base metals but said palm-oil plays have become too expensive. He had sold his palm oil stocks from Malaysia two to three years ago. 'I'm thinking about buying some silver . . . some base metals,' said Mr Rogers, who is known for predicting the start of a commodities rally in late 1998. 'I used to own palm oil stocks. I sold them too soon, foolishly. I know that they've gone up so much that I'm just sitting here saying what an idiot I am,' added the commodities guru. He said that although politicians have been quick to blame commodity speculators for the price spike, most governments have not offered incentives for agricultural players to boost supply, making farming 'a terrible way to make a living', he said. Dubbing the credit crunch as 'the worst credit bubble in American history', Mr Rogers said the US market has yet to hit bottom. He remains bearish on US financial institutions and continues to short stocks such as Fannie Mae and Citigroup. 'I'm bearish on them because the excesses in the world economy in the past 10 years have been in the American banking system,' said the Singapore-based investor. 'You don't see any 23-year-old cotton farmer driving Maseratis. You see 23-year-olds on Wall Street driving around in Maseratis and they think that's the way the world is.' 'I don't know when the bottom is but I know it's a long way from now. I'm still short on all the investment banks in America and when they rally, I short more,' he added. Mr Rogers, who has been bullish on Chinese stocks, said he is waiting for a 'selling climax' to hit before going into equities. 'I'm waiting for a selling climax - when everybody just dumps and says 'I don't ever want to own stocks again as long as I live',' he said. 'It doesn't always happen but often after markets go down for a long time, finally people just give up and panic. If I see that kind of panic developing in China, I hope I'm smart enough to buy more Chinese shares. 'It feels like there's a selling climax coming because people are really getting scared,' he added. |
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AK_Francis
Supreme |
09-Jul-2008 17:47
Yells: "Happy go lucky, cheers." |
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x 0
x 0 Alert Admin |
just about to congrate u for kena 4D 2917. ayah can't make it to Q for the number leow. may be can, Wed normally closes a bit later one but a lot people. | ||
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CWQuah
Master |
09-Jul-2008 17:03
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x 0
x 0 Alert Admin |
So coincident current preclose STI 2917.51.
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AK_Francis
Supreme |
09-Jul-2008 15:59
Yells: "Happy go lucky, cheers." |
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x 0
x 0 Alert Admin |
war ah, AK think slim loh. country X conducted air defence ex lately. now Alan conduct missile testing, just a reciprocal move leow. no tension, carry on dancing and drinking folks. | ||
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ozone2002
Supreme |
09-Jul-2008 15:24
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x 0
x 0 Alert Admin |
WAR is good for GOLD! those who invested in gold will reap the rewards :) | ||
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AK_Francis
Supreme |
09-Jul-2008 14:41
Yells: "Happy go lucky, cheers." |
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x 0
x 0 Alert Admin |
Ayoh, Niekei trims gain after hearing of Iran missle testing, without warhead. Nipponjin, so far away from Iran, missle wouldn't reach you lah, jagan tension. See the Hongkies, nearer to Iran, they still relax loh. Spore worried on spill over, jittering a bit loh, later may feel better. ha ha.
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CWQuah
Master |
09-Jul-2008 14:23
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x 0
x 0 Alert Admin |
If STI cannot close above 2908 today, or better still above 2917, likely to be downtrend. | ||
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ozone2002
Supreme |
09-Jul-2008 14:13
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x 0
x 1 Alert Admin |
RAW is WAR! put warrant battle! keke |
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CWQuah
Master |
09-Jul-2008 14:01
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x 0
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Iran missile test. Asian markets broke below opening price. Watch out. 2900 to be tested. |
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ozone2002
Supreme |
09-Jul-2008 13:46
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x 0
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i'm waiting for europe side to drop the bomb on the markets..New credit crisis fears haunt European, Asian stock marketsEuropean and Asian stocks dropped sharply Tuesday as concern about the credit crunch again spooked investors, but US markets showed some resilience to the prevailing mood of fear. In London, the FTSE 100 index lost 1.31 percent to end at 5,440.50 points, in Paris the CAC 40 was down 1.54 percent to 4,275.61 points while in Frankfurt the Dax lost 1.43 percent to finish at 6,304.41.
"Today's fall (in the FTSE) marks a full entry into bear market territory, even though most investors will have been feeling that this has been here already for some months," said Richard Hunter, head of equities at Hargreaves Lansdown stockbrokers. He added: "At this precise moment, it is difficult to identify from where a positive catalyst might emerge." Also commenting on the decline of the London market on Tuesday, Jonathan Loynes, chief European economist at the Capital Economics consultancy, said the FTSE had further to fall. "The steep falls in equity prices seen over recent weeks have brought the UK stockmarket back into line with consensus expectations for the economy," he said. "But with those expectations very likely to weaken further over the coming months, equities' adjustment may have further to go." In Asia, Japanese shares closed 2.45 percent lower on Tuesday after briefly falling below 13,000 for the first time in nearly three months. Hong Kong lost 3.16 percent and Sydney fell 1.4 percent. In the US, stocks drifted in a narrow range as investors remained cautious, but the falls were smaller than elsewhere. The Dow Jones Industrial Average drifted down 0.10 percent to 11,220.80 at 1500 GMT as the main indexes wobbled in and out of positive territory. The Nasdaq tech-dominated composite index shed 0.08 percent to 2,241.51 and the Standard & Poor's 500 index was off 0.33 percent at 1,248.12. Falls in Europe and Asia were sparked by negative comment on the banking and home loan sector from US investment bank Lehman Brothers. Lehman warned that the big US mortgage re-financing groups, Freddie Mac and Fannie Mae, could have to raise a combined 75 billion dollars (48 billion euros) in fresh cash to meet their commitments. French banking shares were under heavy pressure, with declines of 2.01 percent at Societe Generale, 1.84 percent at BNP Paribas and 2.65 percent at Credit Agricole. "Everyone is reassessing the widely-held view that the worst of the credit crisis would be over by now and coming to the same conclusion -- the worst may not be over and it might last well into 2009," said Ed Yardeni of Yardeni Research. On other financial markets Tuesday, oil prices fell sharply to trade at about 136 dollars a barrel after hitting highs near 147 last week. This benefited travel companies and airlines such as London-listed British Airways, which rose 5.45 percent to 217.25 pence, and easyJet which gained 7.28 percent to 272.75 pence. Meanwhile, eight of the world's most powerful leaders called Tuesday for efforts to cool sizzling commodity prices, warning that soaring fuel and food costs were a threat to world economic growth. The Group of Eight rich nations said it was ready to take action to cushion global growth from runaway commodity costs. But they stopped short of announcing concrete steps in a joint statement on the economy released on the second day of a summit in northern Japan. G8 powers -- Britain, Canada, France, Germany, Italy, Japan, Russia and the United States -- said they remained positive about the long-term resilience of their economies, noting that emerging economies were still growing strongly. At the same time, the world economy was "facing uncertainty" and risks to growth remained. They expressed "strong concern" about oil and food prices, which they said "pose a serious challenge to stable growth worldwide, have serious implications for the most vulnerable and increase global inflationary pressure." The statement made no mention of the weakness of the US currency, although US President George W. Bush told fellow G8 leaders that he was committed to "a strong dollar." In foreign exchange market activity, the dollar fell slightly against the euro on Tuesday. |
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AK_Francis
Supreme |
09-Jul-2008 12:35
Yells: "Happy go lucky, cheers." |
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x 0
x 0 Alert Admin |
STI declining gradually. HSI weaken as well. agreed, seems like hit and run phenomenon. 5 cts also take loh. lunch break, cheers. |
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trader88.sg
Veteran |
09-Jul-2008 12:23
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x 0
x 0 Alert Admin |
Good observation. Expect profit-taking toward end of the trading session. | ||
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elfinchilde
Elite |
09-Jul-2008 12:12
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x 0
x 0 Alert Admin |
careful, seeing some distribution/profit taking in the blues. wouldn't expect this mini rally to last more than a week....yea. collect your 10c and run. :) | ||
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OneSharer
Veteran |
09-Jul-2008 11:07
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x 0
x 0 Alert Admin |
The world (mkts) is going green this Wed, hee hee. Collect your 10 cents today. | ||
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AK_Francis
Supreme |
09-Jul-2008 10:36
Yells: "Happy go lucky, cheers." |
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x 0
x 0 Alert Admin |
optimistic. last 1 n a half hr hit .35b. 2 hrs to mid day. likely will reach .8b by then. if that so, more activities will be seen in the pm session. cheers. | ||
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