| Latest Forum Topics / Straits Times Index |
 Post Reply
|
|
STI to cross 3000 boosted by long-term investors
|
|
|
speed000
Member |
16-Aug-2007 20:28
|
|
x 0
x 0 Alert Admin |
Talk very nice but NO action  not this time round even 1997.
|
| Useful To Me Not Useful To Me | |
|
melvinaw
Member |
16-Aug-2007 19:18
|
|
x 0
x 0 Alert Admin |
Did any political personal stand out to save STI from further DECLINING? The Answer is NO! |
| Useful To Me Not Useful To Me | |
|
|
|
|
newmoon
Veteran |
16-Aug-2007 19:12
|
|
x 0
x 0 Alert Admin |
D day for redemption of funds was yesterday. Today is panic day after redemption day. Which computer model and what indicator can measure human sentiment.? Why are all the pundits and central bankers and top politicians and nobel prize winners in economics so silent ?.Are they overpaid charlatans pretending to be gurus? Every schoolboy knows that this is a greater fool game and often the greater fool is yourself. We mistook luck for skill and luck is timing-one second late in the computerised world of "high finance" could be fatal. The double top of the STI will be self fulfilling.We choose to see what we believe. Tomorrow can be extrapolated from today? Gambler's folly states that after a series of heads the next throw must be tails-really? |
| Useful To Me Not Useful To Me | |
|
skeleton
Member |
16-Aug-2007 17:25
|
|
x 0
x 0 Alert Admin |
Asian stock markets buckled on Thursday under a wave of selling as the escalating fallout from turmoil in US credit markets prompted investors to flee to safe havens. From Tokyo to Sydney, Hong Kong to Mumbai, weary dealers' screens were awash with red again as fears over problems in US sub-prime mortgages to high-risk borrowers continued to buffet stock markets around the world. Australian home loan group RAMS said it had failed to roll over five billion US dollars in debt due to the US credit crunch, sending Sydney stocks down 5.0 percent. Seoul reeled from its biggest ever one-day points plunge, down more than six percent in morning trade. Tokyo fell below the key 16,000-point level briefly for the first time since November before recovering to 16,027.90 by mid-afternoon, down 2.72 percent. It was a similar story across the region. Hong Kong tumbled 3.7 percent by lunch, Singapore dived 4.6 percent, Indian share prices plunged 4.34 percent in opening deals and Manila closed 6.0 percent lower. "Investors don't know where the bottom of the crisis will be," said Kenny Tang, associate director at Tung Tai Securities in Hong Kong. "Even though the economic fundamentals are still good... it is being overshadowed by the sub-prime problem." Market watchers said that confidence had drained out of the markets, so even though many stocks look cheap there is no obvious trigger on the horizon for a rebound in global stock markets. "Investors have moved from being super-optimistic to super-pessimistic in a very short space of time. Really, there is no sign of this ending," said CommSec equities economist Craig James in Sydney. All eyes remained on Wall Street where credit market anxiety gripped investors again Wednesday as the fear of the unknown prompted a flight to safe haven assets such as government bonds. A fresh 400-billion-yen (3.4 billion dollars) injection of funds into the banking system by the Bank of Japan failed to calm frayed nerves. Japanese banking shares in particularly took another pounding despite their recent insistence that they have only limited exposure to the problems in US sub-prime mortgages to high-risk borrowers. "The market is in full flight," said Jeremy Hall, a Japanese equity fund manager at Henderson Global Investors in Singapore. He said Japanese banks on a fundamental basis were "looking extremely cheap" but the Tokyo market was being driven lower by bad news from overseas. Seoul, which was closed on Wednesday, plunged by 6.35 percent in the steepest point slide on record as frantic investors scrambled to catch up with the heavy overseas sell-off a day earlier. Analysts believe that Asian companies have relatively little direct exposure to the problems in risky US securities backed by sub-prime mortgages. But foreign funds, reeling from heavy losses in this high-stakes form of investment, have been unloading shares to raise badly needed funds. "Hedge funds are getting out of this region," said Pong Tang Siew, head of research at Malaysian lender MIMB Investment Bank. "The market has hit a point where all traders have decided that they want to get out." KKR Financial, a specialty finance company linked to leading private equity fund Kohlberg Kravis Roberts & Co, said Wednesday it was facing potential losses of up to 290 million dollars on mortgage-backed securities. Elsewhere around the region, Jakarta lost 5.6 percent, Kuala Lumpur was down 3.7 percent, Bangkok dropped 3.92 percent and Shanghai gave up 2.04 percent. Oil prices fell as traders fretted that the current market turmoil could put the brakes on the global economy, hitting energy demand. The yen gained sharply on the euro and dollar, lifted by growing risk aversion.
|
| Useful To Me Not Useful To Me | |
|
wait2buy
Member |
16-Aug-2007 17:08
|
|
x 0
x 0 Alert Admin |
Hi Victorf, still breathing tks, but weak pulse nevertheless you will be on my Check-List with immediate effect ! Cheers n Regards ! |
| Useful To Me Not Useful To Me | |
|
|
|
|
Sporeguy
Elite |
16-Aug-2007 17:01
|
|
x 0
x 0 Alert Admin |
Hi victorf, how do you arrive at 21 July, not 31 july ? |
| Useful To Me Not Useful To Me | |
|
victorf
Master |
16-Aug-2007 16:50
|
|
x 0
x 0 Alert Admin |
hi wait2buy hope you have survived the crash...when we made the call in June that market will carry on to move up till 21st July, people laugh at us (validated when it reached the peak)...when we made the call in June that market will be in uncertain mode and will correct after the week 21st July, people laugh at us (validated when the market crashed)...think now when we made the call that we will see certainty soon, think people will laugh at us again...i will let the market WALK THE TALK and made the call once we see the confirmed signs while now we made the judgement that the market is still uncertain now...surprisingly, we have almost made NO LOSS in this round of market correction...good luck |
| Useful To Me Not Useful To Me | |
|
wait2buy
Member |
16-Aug-2007 16:36
|
|
x 0
x 0 Alert Admin |
Good on you Victorf ! Its time like these we need moral support 
|
| Useful To Me Not Useful To Me | |
|
|
|
|
victorf
Master |
16-Aug-2007 16:30
|
|
x 0
x 0 Alert Admin |
market is still uncertain now...believe we will see signs of certainty soon...will make the call once certainty is regained...good luck |
| Useful To Me Not Useful To Me | |
|
newmoon
Veteran |
16-Aug-2007 16:26
|
|
x 0
x 0 Alert Admin |
Bears are now too complacent-a technical bounce after 5 straight days of fall on S&P could hurt them in this volatile market Central banks are strangely quiet -cooking something to prevent a recession? |
| Useful To Me Not Useful To Me | |
|
nickyng
Supreme |
16-Aug-2007 16:21
|
|
x 0
x 0 Alert Admin |
hmm....it is better to let the mkt CRASHED big time...and we can start from scratch again....dun lao sai half way and up..later lao sai abit here and there again...wanna LAO...better let go and LAO in FULL...hee...clear that and move on ! :) i hope US Fed dont interrupt...and let mkt correct itself....free economy mah :) |
| Useful To Me Not Useful To Me | |
|
des_khor
Supreme |
16-Aug-2007 16:13
Yells: "Tell me who is the God or MFT from this forum??" |
|
x 0
x 0 Alert Admin |
we have to pray to god that China market not going to crash also ! otherwise it will be double hit !! |
| Useful To Me Not Useful To Me | |
|
|
|
|
newmoon
Veteran |
16-Aug-2007 14:43
|
|
x 0
x 0 Alert Admin |
Rumours of fed cutting interesr rate tonight to ease the pain? |
| Useful To Me Not Useful To Me | |
|
Success
Member |
16-Aug-2007 14:40
|
|
x 0
x 0 Alert Admin |
I agreed with red1721. BE PATIENT!! Expecting the market to drift further down. Cash is king now. |
| Useful To Me Not Useful To Me | |
|
skeleton
Member |
16-Aug-2007 14:20
|
|
x 0
x 0 Alert Admin |
Frankly, i am more concern about China now.... They can do lotsa wonders now with their reserves... They can now be the good or bad guy...which ever way they choose. We need something very positive or someone very convincing to give us a confident boost, ECB, FED and BoJ already whack in so much $ but don't seems to work...so who's the fella that can inject such boost into this tailspinning market ? China...IMHO. Buy into US bonds against a weak dollars and be the saviour or...well...dump the US funds and let the free fall begin....they decide. Kachang Puteh opinion.
|
| Useful To Me Not Useful To Me | |
|
red1721
Senior |
16-Aug-2007 14:09
|
|
x 0
x 0 Alert Admin |
I differ from your views Ivorycoast, trust me this WILL NOT be the last week, more to come, my adivce...be patient, stay out and do not average to cover losses now...kinda suicidal to do that really... |
| Useful To Me Not Useful To Me | |
|
ivorycoast
Elite |
16-Aug-2007 14:06
|
|
x 0
x 0 Alert Admin |
The losses in the index is probably worst than the 911 situation ..... Market impulsivesness will subside ..... senses will return ..... This is probably the last week ..... and it's highly possible to see a strong rebound ..... |
| Useful To Me Not Useful To Me | |
|
red1721
Senior |
16-Aug-2007 14:04
|
|
x 0
x 0 Alert Admin |
Dunno why so many still don't get it...it is a BEAR market now...face it or be dealt with consequences. As for me, I have already build a tree house with all my provisions stored safetly aside. When the bear goes away, I'll climb down and ride the bull again...Hee-Haw!! |
| Useful To Me Not Useful To Me | |
|
newmoon
Veteran |
16-Aug-2007 13:47
|
|
x 0
x 0 Alert Admin |
Blog pulse.com 4 hours ago Marc Faber-S&P to drop by 20- 30 %. Emerging markets by 40%. Shanghai and Bombay starting to correct. Solution-cash but which one? |
| Useful To Me Not Useful To Me | |
|
synnexo
Veteran |
16-Aug-2007 13:26
|
|
x 0
x 0 Alert Admin |
Haha Pinnacle, I eat only for the sake of eating. Thinking of ways to minimise my loses. Cutting lost entirely is one option. But there sure be another way out. |
| Useful To Me Not Useful To Me | |