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STI
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ruanlai
Master |
16-Aug-2007 11:31
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As at 11:30am Hong Kong Hang Seng Down 648points, Japan Nikkei down 428points!! Shang Hai A Share down 108points |
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ruanlai
Master |
16-Aug-2007 11:27
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DOW Future now as at 11:25am is down 157points |
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gho485
Senior |
16-Aug-2007 11:26
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There will surely be an end to a roller coaster ride yeah? What goes up must come down, what goes down must come up...the uncertainty is driving the market further into the red sea. For those who are looking for cheeries picking, hold on. You may witness cheaper cherries in the coming weeks. |
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Pinnacle
Master |
16-Aug-2007 11:16
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Fully support sohguanh!!! Don't forget SPC, Keppel, Starhub, Singtel, SPH too. I'm waiting too. 
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sohguanh
Veteran |
16-Aug-2007 11:02
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yes shortist please go all out in force to short the Reit stocks down to below $1. i wanna pick Allco Reit, MMP Reit, AscendasIndia Trust. if possible try to short Ascendas, Ascott, CDL Hospitality, Suntec, FrasersCenterPoint all to below $1. those abit hard since still a long way from $1 but wanna short muz have guts correct? please flesh out your guts and queue to sell at $1. thanks in advance :) |
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ruanlai
Master |
16-Aug-2007 10:56
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With DOW Future now as at 11am down at 149points, today STI will deep below 3100points...... SHORTING PARTY DAY !!! |
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Jimxli
Member |
16-Aug-2007 09:33
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KiLrOy, that, i agreed |
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KiLrOy
Master |
16-Aug-2007 09:30
Yells: "I buy only what I can see." |
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It depends on the economic numbers. He is very much into these numbers to curb inflation. |
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Jimxli
Member |
16-Aug-2007 09:26
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next fomc is 18 sep, i personal feel is too far away........to me it more of the upcoming US July house sales period. question is can Ben do the same magic timing as the old man....... |
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Pinnacle
Master |
16-Aug-2007 09:25
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Singapore's Straits Times Index fell more than 2 percent in early trade on Thursday after Wall Street tumbled on renewed investor concerns over global credit markets.
By 0102 GMT, the index was down 2.1 percent at 3,206.50 points. The benchmark index, at its lowest in about four and a half months, is still up 7 percent for the year. Banks led losses, with DBS Group Holdings Elsewhere in Asia, Japan's Nikkei Average fell 2 percent, and stocks in Seoul slipped 5.7 percent. |
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mirage
Veteran |
16-Aug-2007 09:14
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Hi Jimxli, In my opinion, the Fed will cut interest rate by a quarter pts at the next FOMC meeting. |
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Jimxli
Member |
16-Aug-2007 08:58
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hi Senior Mirage, If these FED fund does another quarter-point reduction next week, what is your take on FED rate? |
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cyjjerry85
Elite |
16-Aug-2007 08:53
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an opening sea of red for the region this morning...currently the Nikkei is down around 300points and the worst drop is South Korea...down almost 5%...gosh* |
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mirage
Veteran |
16-Aug-2007 08:49
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QUOTES: News from Bloomberg Poole Says `Real Economy' Unhurt by Subprime Collapse (Update3) By Anthony Massucci and Kathleen Hays 
William Poole of the Federal Reserve Bank of St. Louis
Aug. 15 (Bloomberg) -- William Poole, president of the Federal Reserve Bank of St. Louis, said there's no sign that the subprime-mortgage rout is harming the broader U.S. economy, and an interest-rate cut isn't yet needed. ``I don't see any impact as yet on the real economy or on the inflation rate,'' he said in an interview in the bank's boardroom. ``Obviously, there could be an impact, but we have to rely on some real evidence.'' Barring a ``calamity,'' there is no need to consider an emergency rate cut, Poole said. His comments were the first by a Fed official since the U.S. central bank joined counterparts in Europe and Asia to inject emergency funds after a surge in money- market rates. The Fed has added $71 billion of reserves in the past five trading days. Poole, 70, said businesses have maintained their hiring and investment plans and banks have sufficient capital to weather the credit-market turmoil. The St. Louis Fed chief stressed that the best course is for policy makers to assess the latest economic data when they next meet Sept. 18. The comments contrast with the certainty that traders put on a rate cut next month. ``If the data confirm the market's view that the economy is sagging, we'll have to decide whether to share that view,'' said Poole, who votes on the rate-setting Federal Open Market Committee this year. He cited the monthly jobs, retail sales and industrial production reports as key gauges he'll be watching. Widest Since 2001 The yield on the September federal funds futures contract closed at 4.95 percent today, indicating at least a quarter-point reduction in the Fed's target. The benchmark two-year Treasury note yielded 4.29 percent, the furthest below the Fed's benchmark since 2001, when policy makers were lowering rates. ``There's no way the Fed is going to reduce interest rates before the meeting,'' said former Fed Governor Lyle Gramley, now senior economic adviser at Stanford Group Co. in Washington. ``Bill is just being realistic that we haven't seen anything going on in markets yet that would warrant that kind of action.'' Poole acknowledged that the credit-market turmoil will ``stretch out'' the ``adjustment'' in the housing industry. He said he couldn't predict how long the downturn will last. The upheaval in credit markets was caused by deepening losses on securities backed by U.S. subprime mortgages. BNP Paribas SA, France's biggest bank, shocked investors Aug. 9 when it halted withdrawals from three funds just a week after its chief executive officer said the lender wasn't at risk. Stocks Decline While money market rates have retreated, stocks have continued falling this week on concern a drop in lending will hurt economic growth. The Standard & Poor's 500 Index has fallen 6.1 percent in the past week, closing at 1,406.70 today. Poole rebutted comments from some Fed watchers that the central bank may be out of touch with market developments. The criticism followed comments the St. Louis Fed chief made to reporters on July 31 that the slump in stocks was ``a typical market upset.'' ``No one has called up and said the sky is falling,'' Poole said today. ``As I talk to companies, their capital spending plans are intact.'' Poole joined in the unanimous decision by Fed policy makers to keep the benchmark rate at 5.25 percent for a ninth straight meeting on Aug. 7. Officials said in a statement while risks to growth had increased, citing ``volatile'' financial markets, inflation remained the predominant concern. Fed Response Three days later, officials rushed to contain a crisis of confidence in markets, issuing a statement and pledging to inject funds ``as necessary'' to steer the benchmark federal funds rate toward the 5.25 percent target. The Fed also highlighted that direct loans were available through the Fed's discount window. The St. Louis Fed chief said today that ``we will supply more cash as necessary'' to meet short-term demand for funds. He noted that ``we're very much in touch with the markets.'' ``From experience, these things don't go on forever,'' Poole said. Poole said he didn't regret that the Aug. 7 statement retained a bias against inflation. He also said that while consumer price gains are ``moving in the right direction,'' the ``job is not done.'' Inflation has slowed for four straight months under the Fed's preferred gauge, which excludes food and energy costs. The core personal consumption expenditures price index rose 1.9 percent in June after a revised 2 percent gain in May, the Commerce Department said July 31. Poole, who plans to retire next year, is a former economics professor at Brown University in Providence, Rhode Island. He joined the St. Louis Fed as its president in 1998. The St. Louis Fed includes Arkansas and portions of Missouri, Mississippi, Tennessee, Kentucky, Indiana and Illinois. To contact the reporters on this story: Anthony Massucci in St. Louis at amassucc@bloomberg.net ; Scott Lanman in Washington at slanman@bloomberg.net Last Updated: August 15, 2007 20:31 EDT |
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cyjjerry85
Elite |
16-Aug-2007 08:48
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(MarketWatch) -- Asian stocks were expected to edge lower on Thursday after renewed anxiety on U.S. subprime fall-out slammed American stocks and erased all of the year's gains for the Standard & Poor's 500 Index. |
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cyjjerry85
Elite |
16-Aug-2007 08:45
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i smell another bloodshed day |
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Jimxli
Member |
16-Aug-2007 08:29
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if FED rate is cut by end of this month, will the market revive? |
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Sporeguy
Elite |
16-Aug-2007 08:15
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If STI falls way below 3309, say reaching 3081, I would consider this wave as wavelet E. Another word, from a ht of 3665 to 3081 (wave A of beginning bear) breaking the support at 3310 (the ht before Feb fall) lends itself more to a bearish indication. Then wave B (of bear) will reach at most around 3490. Yesterday close of 3273 does not seem good. If today can go above 3310, then there is some hope. If it goes way below 3310, Then the bull has ended. |
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cashiertan
Elite |
16-Aug-2007 07:53
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C wave in the making. not done yet.. |
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cyjjerry85
Elite |
15-Aug-2007 22:10
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yep i agree no one can predict the future...in this case its just a "GUESS" from this particular guru that it may hit 2800...any relevance? not from the TA nor FA view...world and regional economy wise we do not know how it will be like for this mid-term future |
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