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STI to cross 3000 boosted by long-term investors
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Manikamaniko.
Master |
13-Aug-2007 11:24
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HarryP... :)
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des_khor
Supreme |
13-Aug-2007 11:20
Yells: "Tell me who is the God or MFT from this forum??" |
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Nowonder most of our investor lost money as well as so call high class investor ( fund mgr ) ! this is because we (human ) kiasi & more si !! I believe if we ask terrorist come to invest , this market will up all the way as they bokiasi !!! |
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harryp
Veteran |
13-Aug-2007 10:57
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The time has come for me to seal the script of my holdings in a watertight bottle and burry it in my back yard. Will dig it out 3 years from this day. If it is still red, will cut loss immediately thereafter without regret.... 
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tanglinboy
Elite |
13-Aug-2007 10:34
Yells: "hello!" |
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Aiyoh... what happen now? In a span of 60 mins, STI went from positive 20 to negative 20.... |
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Livermore
Master |
12-Aug-2007 14:29
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Joseph Stiglitz is a noble prize winning economists. He was chief economists at the World Bank during the late 1990s and had chaired Bill Clinton's council of economic advisers. Here are a summary of his views on the latest hot potato topic - the US sub-prime mortgage woes. 1. Is the problem more serious than officially acknowledged and will it spread beyond the sub-prime segment? Yes and yes, says Dr Stiglitz. 2. What we have now is a "mortgage originator". He originates the mortgage and gets a fee for that but he does not bear the consequences of a bad loan. 3. The nature of the sub-prime market was to take advantage of people who did not understand finance. 4. There were loans called teasers where for the first three years the rates are very low so people take the mortgage thinking they will refinance it in 3 years, believing the market will go up. Then people are asked to take another new loan at another teaser rate. But they were wrong and prices could not continue to go up. Interest rates could not continue to remain low. Former Fed chief Allan Greenspan actually encouraged people to take out these variable rate mortgages. 5. Now credit conditions have changed and people cannot refinance. The sub-prime mess affects people who took out 100% mortgages. But the more important knock-on effect of the US mortgage bust will be on the broader economy as macroeconomic consequences goes back to the role of the housing sector and these mortgages have played in sustaining US economic grwith via consumption. 6. The US has had negative savings. People took money out of their mortgages. If they cannot do that anymore, the US cannot continue to have negative savings. So if we go from a minus savings rate of 1.5% to plus 1.5%, that is a big change in consumption. It has to slow down economic grwoth. If we go from minus 1.5 to plus 3 on savings , which would be a return to normal by American standards and we do this over a 4 year period, what you will see is a protracted period of slow growth but not a recession. But if credit markets seize and it all happens quickly, then we could have a stalled economy |
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lausk22
Veteran |
12-Aug-2007 14:15
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Mani.. my pal... :) |
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victorian2
Senior |
12-Aug-2007 13:22
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Can't remember where I read an article in the walls street journal or biz times a few days ago on the flip side of sub-prime. One of Morgan's associates (backed financially by Morgan) is currently happily lapping up almost US $300m worth of sub-prime refinance loans from clients whose loans they got from several smaller firms without the financial muscle. Pretty clear that the sub-prime industry is in the throes of aggressive consolidattion & those with the financial strength will also make tons of money even in times of adversity. It'll be quite funny when the US housing market turns up in a few years time..... we may just go into our own slump when all these huge housing supply comes on stream in the next 4years. There was also an observation reported in the Sunday times today that in a mega bull, the harder the correction, the harder the next rally leg hence the volatility is necessary. Any wagers cos I'm of that opinion??? |
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newmoon
Veteran |
12-Aug-2007 13:16
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Sorry for the error about India Aroon indicator for all major stock markets are in a downtrend including Bombay sensex . Only Shanghai has defied the downturn . The bear has made up his mind and so has the bull after reading through the postings.May they both be right(equivalent to a draw in EPL. ) |
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newmoon
Veteran |
12-Aug-2007 12:18
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Right now the analogy of the waterfall suits the world stock markets(ex China , India} Whether it is the bird park waterfall or the Niagra falls is still unknown. Those who chase the scorching China market based on manic buying will also be burnt . The irony is that China sells cheap real goods(some contaminated) through harsh labour conditions to the USA in return for paper dollars of doubtful value. I wonder if the Chinese will continue this charade or dump the US dollars if trade barriers are passed by congress,The Chinese can endure hardship better than their counterparts in the west- they are used to a bowl of rice and bitter tea.The Chinese can wait for a long long time as evidenced by their past histories and still survive.National pride is more important than the economy if they think they have been conned. |
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teeth53
Supreme |
12-Aug-2007 12:12
Yells: "don't learn through life, learn to grow with life " |
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Here. We have easy credit w/o earn income, starting with 500/-, pay only 28% interest per year. |
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teeth53
Supreme |
12-Aug-2007 12:08
Yells: "don't learn through life, learn to grow with life " |
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It all started in US 6 -7 years ago, when fromer FED chief kept rising interest rate by 50 basic point and housing prices kept falling. Thus mortgagers will have to pay more knowingly they are high risk in their payment when due. thus more will be at default or late in payment leading to this meltdown. |
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Manikamaniko.
Master |
12-Aug-2007 11:34
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Especially judging from the 'fierce' manner in which many, many stocks fell in the course of the past month... |
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Manikamaniko.
Master |
12-Aug-2007 11:27
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Those words may well turn out to be prophetic...
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Livermore
Master |
12-Aug-2007 09:54
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Well guess what George Soros said when he came to Singapore 2 years ago? He commented that there will be a global recession due to US housing market slump. |
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scotty
Senior |
12-Aug-2007 09:31
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What's going to happen tommorow??! Mortgage meltdown contagionA grim forecast has economists more pessimistic over how far the collapse will spread to the rest of the economy.NEW YORK (CNNMoney.com) -- The outlook for the housing market looks even bleaker than it did a week ago. Last Friday we reported that foreclosures were skyrocketing, home prices falling and recovery forecasts were being scaled back. And now this week, the mortgage meltdown spread to the financial markets with ebola-like speed, sparking fears that tighter credit will have a broader impact on consumers, markets and the economy. |
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victorian2
Senior |
12-Aug-2007 00:35
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teeth53, cash is defintely prefered during these times of uncertainty & there is indeed truth in what RT is saying.... in these times, even good sound stocks get hit.... but to qualify, as long as the price to book is more than 2X, it will freefall regardless of its profitability simply cos there's a price premium over its book value so selling is indiscriminate hence I prefer to stick to a current strategy of staying close to stocks in my portfolio with discount or slight premium to NTA, good cashflow & pays me a dividend. Price effects are not so significant from an absolute standpoint.....though, be prepare to hold to ride out the storm. Newmoon, It's funny that historically, Warren Buffet's portfolio of stocks start to do well in these times esp in bear reversal times...... let's hope he's not laughing cos that would mean bear reversal in place & he'll start laughing himself to the bank. |
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Manikamaniko.
Master |
12-Aug-2007 00:21
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Lausk22.. wo de hao peng you... :) |
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rogue_trader
Master |
11-Aug-2007 22:55
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When more funds are being "injected", i thought this will oreadi had the effect of "lowering" interest rates? Market sentiment now quite bad that why "range / channel trading" was almost "everywhere".. for some counters, one would had saw lots of marriage deals at opening, during trading or closing.. Now garment will step in when needed, i think this will make the market to "test" the new lows in the coming weeks.. i will anticipate more volatility and downside.. nw "shortists" in US are "targetting" those companies that have low cash flow and / or limited access to financial supporting means.. in my own opinions, DOW did a "recovering" u-turn on fri was the result of the injection of the funds.. bt how long can this sustain? How good a company perform is like a assurance to investors now, but whether market sentiments "allowed" this performance to reflects its "rightful" px is another issue altogether.. Take SCI for example, results quite good oso kena "channel / range traded"... No matter how good a counter is, if there no "support or buying pressure" from BBs or from many people, there no way a counter can goes up by leads & bounds.. in the current market now, just by playing "range/channel" methods is oreadi enough for contra/margin players to stay out of the market le.. The above is only my current sentiments/opinions.. Please do not do any buy/sell actions basing on the above assumptions/thinkings, thanks. |
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56mimosa
Member |
11-Aug-2007 22:52
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Hi Victorian2, Thanks for your post, very informative !! |
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lausk22
Veteran |
11-Aug-2007 22:50
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newmoon, But that depends what is the truth in the first place. don't u think so? mani....my pal...;) I lost u - boiled frogs are not dead frogs? when we boil something alived, it gets cooked. when it is cooked, it is dead. unless u mean we boil water w/o the frogs inside. when water is boiled, we can drink it more safely. water cannot get cooked or die. water can also cools down or freezes into ice....;) |
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