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STI to cross 3000 boosted by long-term investors
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chipchip66
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13-Aug-2007 20:05
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I am looking at a cut of 25basis pts at least. My GA tells me DOW could be up big time. 500 pts? Let's see.. | |||||||||||||||
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spurs88
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13-Aug-2007 18:13
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See told you all not to be so pessimistic right. Bought Kep & OCBC cheap this morning. Will unload once it reaches my target price again. If drop tomorrow, will pick up somemore. Don't worry, be HAPPY! | |||||||||||||||
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newmoon
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13-Aug-2007 17:49
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ECB pumps liquidity into market for a 3rd day Bernanke and Trichet asked to do a U turn on interesr rate to prevent the markets falling off a cliff. Must be very serious .Obviously a bounce will occur if this comes to pass . |
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hikitty
Master |
13-Aug-2007 16:39
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Effect of US sub-prime crisis could be diluted: analysts
FRANKFURT : The US home loan crisis looks set to continue gripping world markets but the effect could be diluted because the risk is spread among investors around the globe, analysts say. The European Central Bank pumped 155.85 billion euros (US$212.98 billion) into the eurozone banking market on Thursday and Friday as central banks across the globe rushed to ward off a global credit crunch linked to the US sub-prime loan market. A crunch would make it harder and more expensive for businesses and consumers to get loans and cash. The potential for instability to spread fast when markets re-open on Monday is high, analysts agreed, but most thought the main bourses would weather the storm. Gilles Moec, senior economist at Bank of America, said: "One of the big issues is that no-one has any real clue of the amount of sub-prime loans which have been purchased by foreigners. "The big question is what is the overall amount and this is bad for the markets because if there is one thing that the markets hate, it is uncertainty." He said however that there was a paradox - although there was negative market sentiment, the risk appeared to be spread around the world. "This shows that the risk is not concentrated in any one place and this is a good thing for the market," Moec said. Sub-prime loans are offered at high interest rates to Americans who have a poor credit rating and might otherwise be denied credit. Andreas Huerkamp, a Commerzbank analyst, predicted the crisis would blow over. "There are strong parallels with the crisis in the mid-90s so you have to be a brave investor to buy shares at the moment," he said. "But history shows that everything will be forgotten in six months and the market will recover." The US Federal Reserve and Japanese central bank had made similar interventions to ensure that the markets continued to function normally, with the Fed injecting US$62 billion into the market. The Frankfurt-based European Central Bank, the guardian of the euro, said its decision to pump money into the market was a "fine tuning" operation. The "fine tuning" on Thursday had involved injecting 94.8 billion euros, more than the bank had released after the September 11, 2001, attacks on the United States. The cash injections enable commercial banks to borrow from the central bank to satisfy their liquidity needs. Howard Archer, chief UK and European economist at Global Insight in London, said that if the central banks did their job, the markets should stabilise. "As long as the central banks succeed in calming markets down, the chances are that the impact of financial market volatility on the real economies should be small," he said. "Importantly, the underlying fundamentals for the UK and Eurozone economies are still pretty good, so hopefully this will help to Hope that SJ participants will take heart that this correction will not last for many years like the previous downturn which started in 1997. Let have some faith in the experts and countries to resolve the present crunch. |
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chipchip66
Master |
13-Aug-2007 16:34
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Hikitty, glad to know you are one of those few optimists around.![]() |
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KiLrOy
Master |
13-Aug-2007 16:31
Yells: "I buy only what I can see." |
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Majority are already handicapped in this stock market having the ability to buy LONG only (unless you have guts like nickyng) so when you do spot a trend reversal, dont be trigger shy. Remind yourself why you are in the stock market. You are here for the $$$ ! |
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hikitty
Master |
13-Aug-2007 16:24
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Cheer up- the bulls shd return soon when the bears are charged by the raging bulls. Let us not write as if Doomsday is upon us. Let us leave the task to the countries which know best what to do in the present market. Don't wait by the sidelines too long or else you may miss the upturn . |
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chipchip66
Master |
13-Aug-2007 16:09
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Yes, the bulls are in no man land and bears are here to roost. Should the property fever contract in the next few Quarters, we can be damn sure Godilocks will have a lot of bears to contend with. ![]() |
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newmoon
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13-Aug-2007 15:59
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After buying on dips for years and having been conditioned like Pavlov's dogs( to the ringing of a bell and salivating)it is difficult to do the opposite and sell the rallies. The technical bounce is in progress but the magnitude and duration is unknown but it will not last as I believe that the bear market has already started when dow hit 14000. and reversed.The business cycle will have to run it's course and the downturn has been prolonged artificially for too long.Any further attempts to prop this bubble up will end in tears. Shanghai index is like Alice In Wonderland-out of this world |
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sohguanh
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13-Aug-2007 15:16
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i tink some stocks are well supported by BBs. if not then how come all the stocks I queue 6 bids below the last traded price neber get transacted leh? i believe some BBs are also bottom fishing like me and they supported the price at certain level. i small fry cannot do anything either since they insist that price is what should be maintained. but sometimes i tink back i so small fry sell down to me 1-5 lots won't hurt them mah. but they can be darn stingy to refuse let me buy at my price :( | |||||||||||||||
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newmoon
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13-Aug-2007 15:04
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Buyers are broke and dispirited and on strike . After a technical bounce the c wave will start as there are no bubbles left for Uncle Sam to blow . Penny stocks will take months to recover and will not participate in the technical bounce |
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harryp
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13-Aug-2007 14:03
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Manikamaniko...... wo de jianghu pen-you ![]() Sadhu - the term is used from the ancient Pali root language to denote agreement with something which was said, or after a discourse of the Buddha was recited. It is repeated two or three times - "Sadhu! Sadhu! Sadhu! - with the intended effect of "Well said, well put..... Refer link ... http://en.wikipedia.org/wiki/Sadhu
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Manikamaniko.
Master |
13-Aug-2007 13:14
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Harryp... :) |
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Livermore
Master |
13-Aug-2007 12:29
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A perfect storm will be created if oil price goes to very, very high price. The Fed is in a "fix" as interest rate cannot go up and neither can it go down.... |
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red1721
Senior |
13-Aug-2007 12:29
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newmoon, I like your Humpty Dumpty thing going down here...and I have to second your opinion...very well said. | |||||||||||||||
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harryp
Veteran |
13-Aug-2007 12:27
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Good time to recall and reflect on the Truths: 1. There is suffering in life (dukha) 2. Suffering has a cause - greed, craving 3. Suffering has an end 3. There is a way leading out of suffering sadhu... sadhu.... |
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lausk22
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13-Aug-2007 12:12
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Perhaps Charles Dickens could provide some sense to the present market predicament.....
?It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair??? |
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hikitty
Master |
13-Aug-2007 12:08
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newmoon
Veteran |
13-Aug-2007 11:59
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Remember the nursery rhyme Humpty Dumpty-how do you put him together again? Hedgefund managers ,private equity bankers ,wealth manament gurus, overpaid predatory bankers -Never Believed- that Mother was Always Right.If you believed your mummy you will grow up straight and honest.If you have to bend down an listen to market whispers you will be crooked If central bankers make the wrong diagnosis and apply the wrong medication Humpty Dumpty is as good as dead |
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spurs88
Senior |
13-Aug-2007 11:32
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Bought back somemore of those fundamentally sound chips like OCBC, Kep and SPH sold last week. Expect to re-CHEONG soon! These are fantastic times to trade. |
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