Back

Latest Forum Topics / Straits Times Index

Post Reply

STI to cross 3000 boosted by long-term investors Post Reply Rate topic
cyjjerry85 Elite	23-Jan-2008 17:11        cyjjerry85 About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	hope to see it break the 3000 barrier again...with better news from the Fed next week
Useful To Me  Not Useful To Me
mike8057d Veteran	23-Jan-2008 16:51        mike8057d About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	8 more mins,....let see what is the closing
Useful To Me  Not Useful To Me
mike8057d Veteran	23-Jan-2008 16:49        mike8057d About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Wednesday Tuesday   ST Index 2,968.31    +101.76 2,866.55    -50.60   Volume 2,229.6M 2,753.6M   Value $2,700.1M $2,904.4M   Gainers / Losers 581 / 278 147 / 751
Useful To Me  Not Useful To Me
Farmer Master	23-Jan-2008 16:48        Farmer About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	DAILY REVIEW Tuesday, January 22, 2008 MARKET VIEW SINGAPORE MARKET - AMFraser Key support 2610-2620 Next support 2500 (half way mark of 2003 bottom and Oct 2006 peak) Minor resistance 2814 (38.2% mark) Major resistance 2915 (2007 low) STI 2747 at around 2.45pm today is down 1084 points or 28% from 3831 peak. Next major support after decisive break of 2915-3000 yesterday and today is the 2600 area (2618 May 2006 high (old STI 2666) and 2618 (Jan 2000 high 2583). The 38.2% retracement of the 5 year bull run from 1170 in March 2003 to 3831 last October at 2814 has also been broken. But there seems to be a rebound back to around 2814. The half way mark is 2500, which would mean almost 35% crash from3831 peak. Around 2600, the loss will be 32%. Previous crashes in 1987, 1997-98 and 2000-2001 saw the old STI down between 53% to 62% from peak to trough, spread as short as within the fourth quarter of 1987 to as long as 20 months from Jan 2000 to Sept 2001. The Asian crisis period saw the STI losing 62.4% from 2130 in 1q07 to 800 in Sept 1998. The October 1987 crash saw the old STI bottoming out at 597 in December after its August peak of 1288, down 53.7%. The long-drawn fall from 2583 peak in Jan 2000 finally bottomed out at 800 after 9-11. If the present crisis leads to a global financial crisis of the scale of the Asian crisis of 1997-98, then we could look at another protracted fall with the bottom seen not earlier than mid-year or even later. Hopefully this crisis does not drag on too long well into this year and continue into 2009. We do not expect the final bottom to be as terribly low as the 3 previous periods in 1987, 1997-98 and 2000-01, which could translate into an STI of 1800 or even lower if the 53% to 62% crashes recur.
Useful To Me  Not Useful To Me
mike8057d Veteran	23-Jan-2008 16:42        mike8057d About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Last few minutes...STI might go crazy..let see
Useful To Me  Not Useful To Me
mike8057d Veteran	23-Jan-2008 16:35        mike8057d About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	mike8057d Veteran Posted: 23-Jan-2008 15:13 x 0 x 0 STI is going thru a roller-coaster ride man......wow...yiiiii....vomit
Useful To Me  Not Useful To Me
zhenxian Senior	23-Jan-2008 16:27        zhenxian About Contact  Quote this Post!
x 0   x 0  Alert Admin	hope it will last for the week May be DOW tonight can give us some clues
Useful To Me  Not Useful To Me
Blastoff Elite	23-Jan-2008 16:17        Blastoff About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is it a technical rebound only???
Useful To Me  Not Useful To Me
mike8057d Veteran	23-Jan-2008 16:13        mike8057d About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	STI broke thru 3000..hurray
Useful To Me  Not Useful To Me
mike8057d Veteran	23-Jan-2008 16:12        mike8057d About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Wednesday Tuesday   ST Index 3,002.89    +136.34 2,866.55    -50.60   Volume 1,964.7M 2,753.6M   Value $2,378.3M $2,904.4M   Gainers / Losers 546 / 266 147 / 751
Useful To Me  Not Useful To Me
mike8057d Veteran	23-Jan-2008 15:13        mike8057d About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	STI is going thru a roller-coaster ride man......wow...yiiiii....vomit
Useful To Me  Not Useful To Me
mike8057d Veteran	23-Jan-2008 15:11        mike8057d About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Wednesday Tuesday   ST Index 2,939.45    +72.90 2,866.55    -50.60   Volume 1,624.3M 2,753.6M   Value $1,907.0M $2,904.4M   Gainers / Losers 487 / 286 147 / 751
Useful To Me  Not Useful To Me
ET88888 Member	23-Jan-2008 14:50        ET88888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ha Ha as an individual he is not that powderful.  He needs support from ....
Useful To Me  Not Useful To Me
mike8057d Veteran	23-Jan-2008 14:21        mike8057d About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	The hedge funds are very powerful....remember Mr Soros (Mahatir blamed him for the Asia financial crisis).....
Useful To Me  Not Useful To Me
ET88888 Member	23-Jan-2008 14:14        ET88888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The problem in the US is that there are too many Indian Chiefs, particularly the CNBC economists.  They are like public speakers (propaganists) than can bring the birds down from the trees.  "Cutting" these people off would have a Better Impact on the market than the Rate Cut.  They are creating "havoc" on the market.  Frankly rate cuts, tax rebates, ..etc are not going to solve the subprime problems.  The American people must be realistic and honest enough to look into their problems, finds the solutions be it painful or not (if force closure is necessary do it, or perhaps write off the losses once and for all).  Taking all these "panadols" is not going to cure the headaches but just relieving the pain only.  For the info, they are going to take another panadol (50 basis point cut) on 29/20 Jan FOMC mtg For Asia, we need to keep our heads high and continue to support the markets.  The hedge funds are waiting like a hawk for the markets to come down (of course after their sell down the last few weeks).  Let us not give them the chance.
Useful To Me  Not Useful To Me
mike8057d Veteran	23-Jan-2008 13:54        mike8057d About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	especially it is a negative sentiment
Useful To Me  Not Useful To Me
lucky168 Veteran	23-Jan-2008 13:53        lucky168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	all region indexes all green green, only STI very bo steady leh....
Useful To Me  Not Useful To Me
Pinnacle Master	23-Jan-2008 13:46        Pinnacle About Contact  Quote this Post!
x 1   x 0  Alert Admin	"It seems like the Fed may be getting a bit anxious, and that may be making people nervous," said a senior trader for a U.S. investment bank in Tokyo. Didn't cut, or cut too little, people complaint. Got cut, cut too big or cut too fast, people also complaint. Everybody are just trying to find excuses for every decision and movement in the market. Welcome to the wild wild world.
Useful To Me  Not Useful To Me
Pinnacle Master	23-Jan-2008 13:42        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	GLOBAL MARKETS-Stocks cheer steep Fed cut, but lose altitude SINGAPORE, Jan 23 (Reuters) - Asian shares rallied on Wednesday after the Federal Reserve's biggest interest rate cut in over two decades, but nagging fears of a U.S. recession prompted many indexes to give up much of their early gains. Demand for safe-haven government bonds remained strong, pushing the two-year Japanese bond yield below to the Bank of Japan's overnight rate target on mounting expectations for a rate cut later in the year. Bonds also got underpinned by a fall in S&P 500 futures , pointing to another weak session on Wall Street. The dollar reversed an earlier rally to fall one yen from the day's high. Some said the Fed's decision -- a week before a scheduled rate meeting -- whiffed of panic even though it halted the global market meltdown that has knocked more than 12 percent off MSCI's All Country World index <.MIWD00000PUS> since the start of the year. "It seems like the Fed may be getting a bit anxious, and that may be making people nervous," said a senior trader for a U.S. investment bank in Tokyo. Concerns global economic growth was hitting a wall and financial institutions had more subprime-related writedowns to reveal have haunted markets since the start of the year. In an effort to shore up confidence, the U.S. central bank slashed its benchmark rate by three-quarters of a percentage point to 3.5 percent on Tuesday. [ID:nN22181874] "A lot of people see that the Fed's move yesterday was too little," said Hideaki Inoue, forex manager at Mitsubishi UFJ Trust and Banking in Tokyo. "But given that they cut just a week before this month's meeting, it does show that the Fed realises things are bad." Most stock markets were still in positive territory with Hong Kong's Hang Seng <.HSI> up 5.3 percent. But Seoul's KOSPI <.KS11> was up just 1 percent and the Shanghai Composite <.SSEC> was flat by 0500 GMT, cutting earlier gains. Taiwan's TAIEX <.TWII> fell 2.5 percent, dragged down by technology shares. U.S. technology shares fell in after hours trade after iPod and iPhone maker, Apple tumbled 12 percent on fears the weak economy would hurt the Macintosh maker. Apple Inc forecast a quarterly profit far below analysts' expectations on Tuesday and posted disappointing holiday-season iPod shipments. [ID:nN22551914] BEAR BREATHES DOWN NECK Wall Street's benchmark indexes still hover close to bear market territory as the prospect of a U.S. recession looms. The blue-chip Dow average <.DJI> ended down about 1 percent -- way above earlier lows but still 15.5 percent from its October closing high above 14,000. The Nasdaq <.IXIC> closed down 19.8 percent from its October 2007 closing high. On Tuesday, the International Monetary Fund warned a significant slowdown in 2008 world economic growth appeared inevitable, and the restoration of financial market stability was set to be a complex and long-drawn-out task. An IMF spokesman, Masood Ahmed, said the Fed cut was "appropriate and helpful. "The volatile weakening experienced in many equity markets during the past few days has underscored the burden that the current financial market turmoil represents for the global growth outlook," he said in a statement. [ID:nN22560863] Australia's benchmark shed its initial 7 percent jump and by 0446 GMT the S&P/ASX 200 index <.AXJO>, which had fallen 12 sessions in a row, was up 5.3 percent. Miner BHP Billiton Ltd lent support with a 9 percent rally after a strong second-quarter production report. In Tokyo, the Nikkei <.N225> was up 1.4 percent, recovering some of its biggest one-day loss since the Sept. 11 attacks on the United States on Tuesday. The index is still down more than 16 percent just this month alone. In currency markets, the euro climbed as much as 0.4 percent to the day's high of $1.4685 after rising 1.3 percent on Tuesday, its biggest one-day percentage gain since early 2006. Oil fell below $89, with U.S. crude down 54 cents to $88.67 a barrel. Gold also struggled to hold onto gains, with spot gold prices at around $886 an ounce.
Useful To Me  Not Useful To Me
mike8057d Veteran	23-Jan-2008 13:02        mike8057d About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	HSI is up 1150...why STI can not be in the positive territory.....sigh
Useful To Me  Not Useful To Me

                                                         First   < Newer   64261-64280 of 69565   Older>   Last