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STI to cross 3000 boosted by long-term investors
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cyjjerry85
Elite |
09-May-2008 11:03
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yep agree...in fact Alan Greenspan recently on the weekend reported in Bloomberg that he is still bearish...but the latest note he gave is more of a bullish view...this is less than one week and he changed mind
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sarahlkh
Senior |
09-May-2008 10:46
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the last time Greenspan spoke was detrimental, but this time he has given an optimistic guidance. credit woes and housing issues are long term problems. there will always be debt that turns into bad debts, but when economy is good, there might be less bad debt that's all. thus to say that the worst of subprime is over, given his knowledge and experience in the house, his words contain weight. since all the major investment firms have already budgeted in losses, the future remains dim but manageable. | ||||
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cyjjerry85
Elite |
09-May-2008 09:50
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there are still mixed views on whether the worst is over or not...some say yes while some differ..talking about presidential election...let's see how the next US president will boost the economy ...maybe they will stop fighting war and have the extra finances to boost the economy? 
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ozone2002
Supreme |
09-May-2008 09:08
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so much bullshit in this world..so tempting to believe... but i bet ya that the worst is not over...in fact its just ard the corner.. US government doesn't want to spill the beans..its their presidential election year.. lose face man..go into recession..so gotta wayang.. |
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novena_33
Veteran |
09-May-2008 08:49
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sorry guys...miss out this heading.... NEW YORK (Reuters) - Former Federal Reserve Chairman Alan Greenspan said on Thursday that the worst of the credit crisis is over, according to sources who attended a speech he delivered in New York. |
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novena_33
Veteran |
09-May-2008 08:48
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some thing to read.................
Greenspan also said house prices still had a long way to fall and that it was unlikely they would stabilize by year-end, according to meeting attendees who provided Reuters details of the speech at the Alternative Public Strategies Conference. Conference organizers said Greenspan had requested that members of the media intending to cover his speech could only do so in their personal capacity and would not be allowed to report on whatever he said. As chairman of the Fed, Greenspan oversaw the reduction of interest rates to as low as 1 percent, which some critics charge provided fuel for the real estate bubble. Greenspan has vehemently rejected assertions that he is the cause of the problem. The attendees, who declined to be identified by name, said Greenspan mentioned that U.S. growth was likely to be sluggish for an extended period of time and that a so-called doomsday scenario was unlikely to materialize. The U.S economy is reeling from a housing-led slowdown, with some analysts convinced it is already in a recession despite a 0.6 percent growth rate in the first quarter. (Reporting by Lucia Mutikani; Editing by Jonathan Oatis) |
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AK_Francis
Supreme |
09-May-2008 08:47
Yells: "Happy go lucky, cheers." |
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Though DJ didn't fall further, with gain of 52.43, today still a mild profit taking day or people chow leow. May consider to buy few during low. Your choice loh. AK Q 4 counters after yes preclosed. | ||||
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pikachu
Veteran |
09-May-2008 07:21
Yells: "Holy Cow!" |
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Buy! Buy! Singapore fundamentals remain strong. |
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cyjjerry85
Elite |
08-May-2008 22:49
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just a summary for today's STI performance from Straits Times: SINGAPORE shares closed lower on Thursday with the benchmark Straits Times Index down 57.07 points or 1.80 per cent to 3,171.88. Up to 1.6 billion shares exchanged hands. Losers outweighed gainers 397 to 262. Crude oil hit a record intraday high near 124 dollars a barrel in Asian trade on Thursday. Higher oil prices will hurt consumption and drag on economic growth, said David Cohen, of global research house Action Economics. 'Some of the most vulnerable industries are the airlines and car makers,' he said. Westcomb Securities said Thursday's sell-down could present a buying opportunity for investors as Singapore's fundamentals remained firm. It said surges in oil prices tend to lead only to an initial panic in the market. Banking shares slumped, with DBS Group falling 30 cents to 19.98 Singapore dollars, United Overseas Bank down 76 cents at 20.66 and Oversea-Chinese Banking Corp sliding 15 cents to 8.85. Property heavyweights also ended lower, with CapitaLand off 12 cents at 6.58, City Developments slipping 14 cents to 11.82 and Keppel Land 14 cents lower at 5.86. Singapore Airlines dropped 26 cents to 15.52 and Singapore Telecommunications ended 10 cents lower at 3.72. -- AFP |
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lookcc
Master |
08-May-2008 22:46
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slowly bleed better....good 4 shortists.
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gondola18
Member |
08-May-2008 22:41
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I pray for a crash, 40% ? | ||||
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jasonrxz
Senior |
08-May-2008 21:51
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I can't agreed more on this statment,,,, alot of brothers here saw that almost all those good stocks had been pushed up to a next level and always have a mindset that "What goes up will come down"!!! but they just can't accept the fact that "the High will get Higher and Low will get lower" theory....
So.... Do trade with plans like set up a buy trade and plan to EXIT.... Remember to cut losses if plunged beyond it....
For short term... i dun think those waiting for bottom fishing will get the chance but they will just complain to friends or talking to themselves in mirror that why today i din buy the stock after it run up 10 to 20 ct gain.. However... i know there will be retraction now and then due to profit taking and bad news lingering.. but the whole picture for short term (weeks) is bright....
cheers
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Livermore
Master |
08-May-2008 21:41
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Looking at some of the posts, my guess is some are waiting for that dramatic big fall equivalent to Sept 11 before they consider buying. That's not quite the way to go. | ||||
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winsontkl
Elite |
08-May-2008 21:23
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STI taking a break..... |
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Livermore
Master |
08-May-2008 20:11
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I just know long term potential stocks will eventually come back up. Those good stocks that were "battered" heavily during early part of the year have all gone up quite a bit. But they will continue to go up..... | ||||
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Livermore
Master |
08-May-2008 20:09
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It is really how you set up your buy strategy that is quite important. I don't try to predict the market.
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Livermore
Master |
08-May-2008 18:36
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STI down but look at the power of some of the China stocks man | ||||
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AK_Francis
Supreme |
08-May-2008 16:48
Yells: "Happy go lucky, cheers." |
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Buy low STI ETF and SGX at 1715. Do adjustment b4 0855 2morrow am, after seeing DJ tonite performance. Your choice leow. | ||||
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uming16
Member |
08-May-2008 16:46
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only can go for long term investment now.....
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cyjjerry85
Elite |
08-May-2008 15:27
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in this year's market...its really high risk high rewards...but we can never correctly predict the market movements
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