Straits Times Index   

Prepare for trading on Bear market!

i agree...3344 sounds like "shen shen shi si"..."rising living is death"

 

Bond Insurers in deep trouble. losse in billion.

looking for goverment to save them or trigger major sell off

stock market due to possible downgrade of  triple A rating bonds where professional

put their money in! The sky is about to fall!

 

Would the admin please remove the static STI number in this website: 3344.53.

It sounds like: To live or to die? It won't live. 

 

there we go again. just 2 years of good market. and so many years of bad economy before 2005.  1997 2001 2002 2003. anyone can stop this bear before it comes out from its cave?

 

Bear Market - Hardly anything we have seen so far. Let's not fight what's out there that the Fed sees that we have not seen.

The US housing market shrunk again in Nov and Dec. Jobless data again was unfavourable. Things in US not looking good as consumers spending has gone down. Inflation is still high in China, India, US, Europe .......

Commodity prices like oil, gas, palm oil....are high, OPEC will not reduce the price and up production.....
Metals like Gold, platinum, copper remain high.
Food prices have gone up

This overall assessment of things around us do not look rosy. It is frightening to know that one of these many things will bring down the world economy.
It is a scary scenario out there. I hope I do not have to face the recession.

 

Get ready to fight the bear, don't think the Fed rate cut announce this week will have much impact to US stock market. Maybe just another round the same like the last rate cut.

 

We have not seen the bottom yet. Better to hold cash for CNY. That's a lot more prudent than to see how the market moves.

Bear is out in full force and before you know, it will eat you up.
No more mood for CNY... 

Anyone celebrating? Happy trading

 

Hope the bear will not spoil CNY mood

 

jack u mean u saw those type of bear b4?

 

you haven't seen the real bear yet....

the real bear comes when there is not many buyers on the queue, for example, say DBS shares 19.00 closing price, when it opens, the buy price is only 11.00, by then, you really see bear coming in, last week bear is just winnie the pooh...

 

Bear market has already arrived. Don't need to wait until after the China Olympics.

 

I remember alot people say bear market will only happen after china olympic.

Ah I told them will be before, expect the unexpected. yet came  true.

Be warn 60 stock valve will be knocked off for 12-18 months then scoup up the bargains.

 

http://chart-stock-futures.blogspot.com/

 

will advance and voluntarily get into debt like an American spender...

but the day will surely come...  

 

that all depends of Chinese policies.. as many knows when 1% drop in US economy represents 6% drop in China economy b'cos China is export oriente and US is consumer base economy

so China will definately slowdown in 2008 unless China increase standard of living in China (rise salary) and induce domestic spending (it can be like US if there is consumer spending)

but I do not recon Chinese will do that for they always wanted money coming "in" and not letting "out"

 

24 nov straights time: Posisble bear market of at least 30% lasting 1year ++.

brace your self folks as all the warning signs are there.

 

Whereas central bank governor Zhou Xiaochuan has said China will not be affected much by a U.S. economic slowdown, the ministry warned recently that a drop in U.S. demand could drag down Chinese exports and make 2008 a turning point for the economy. (Reporting by Langi Chiang; Writing by Alan Wheatley; Editing by Anne Marie Roantree) - BEIJING, Nov 22 - China may be hit hard when investors borrowing in yen to buy into higher-yielding assets unwind these "carry trades", according to a Ministry of Commerce research report. China maintains capital controls and the yuan is not freely convertible, making it hard for traders to dart in and out of Chinese asset markets.

 

http://sg.news.yahoo.com/rtrs/20071122/tbs-china-japan-carrytrade-21231dd.html

 

i more worried abt yen carry trade as mentioned before

 

watch DOW and s&P for more indications of recession instead

 

i agree that nikkei is going into bear market, but your suggestion that we are going into bear i dun agree. nikkei go to bear for so many years after 1987 also never affect the other asian that much. so dun worry or cause other to worry that much. japan is a major exporter not a major importer of goods.

 

Seems my blog shows the truth after all where other fail to do so! Im trading a head of time. Nikkei is a bear market!

Japan's Topix Falls 20% From 2007 High, Signaling Bear Market


By Elizabeth Stanton

Nov. 22 (Bloomberg) -- Japan became the first of the world's 10 biggest stock markets to enter a bear market when the Topix index declined 20 percent from its 2007 peak.

The 39-year-old Topix, the broadest gauge of equity prices in the world's second-largest economy, fell 2.1 percent yesterday to 1,438.72, the lowest since October 2005 and down 20.8 percent from its 2007 high of 1,816.97 on Feb. 26.

Japanese companies are struggling with slowing economic growth in the U.S., their largest market for exports, the yen's appreciation and record crude oil prices. The Topix decline from a 15-year high in February signals the government's efforts to revive the economy from more than a decade of inconsistent growth, have hit a snag, investors said.

``Performance potential is limited by a deteriorating economic outlook, both foreign and domestic,'' said Florence Barjou, Paris-based strategist at Lyxor Asset Management, which oversees $100 billion.

The Nikkei-225 Stock Average, created in 1949, is just short of bear market territory. It fell 2.5 percent yesterday to 14,837.66, the lowest since July 2006 and down 18.8 percent from a six-year high of 18,261.98, also on Feb. 26.

The Nikkei is a price-weighted average of 225 Japanese companies including Toyota Motor Corp, Mitsubishi UFJ Financial Group and NTT Docomo Inc. with a median market value of 748.9 billion yen ($6.89 billion). The Topix is a capitalization- weighted index of 1,719 companies with a median market value of 469.8 trillion yen.

Less Than Stellar

The Topix decline ``would be an official bear market so to speak, but Japan hasn't been an area of stellar growth for 10 years,'' said Paul Hickey, managing partner at Bespoke Investment Group LLC in Harrison, New York.

Most stock markets have fallen this month, with the U.S. Standard & Poor's 500 Index down 8.6 percent, on pace for its worst month since September 2002. The declines reflect expectations that investment losses created by the biggest slump in housing since 1991 are curbing growth in the world's largest economy.

The MSCI World Index of developed-country shares is down 7.9 percent from a record on Oct. 31, and the MSCI Emerging Markets Index has fallen 11 percent from its high on Oct. 29.

Toyota, the Japanese company with the largest market value, fell 2.8 percent yesterday to a 16-month low amid concern U.S. sales will slow. Toyota is the second-biggest auto seller in the U.S. behind General Motors Corp.

Rising Yen

The yen has strengthened against all 16 major currencies since mid-year, making Japanese products more expensive in other countries. Against the dollar it has gained 9.8 percent, reaching a more than two-year high of 108.51 per dollar yesterday.

Losses in global credit-markets are fueling the yen's rise by spurring investors to sell higher-yielding assets that were purchased with yen borrowed at low interest rates and sold. The Bank of Japan's overnight call rate, the main rate at which banks lend to one another, is 0.5 percent, the lowest among the major economies.

Record crude oil prices, a problem for all manufacturing economies, are a particular disadvantage in Japan, which imports almost all of the oil it uses. Crude oil futures touched a record $99.29 a barrel in New York Mercantile Exchange trading yesterday, and are up 62 percent in the past year.

The Bank of Japan on Oct. 31 cut its growth estimate for the year ending in March to 1.8 percent from 2.1 percent. Reflecting reduced expectations for economic growth, the yield on 10-year Japanese government bonds yesterday fell to a 23-month low of 1.439 percent.

Investors in Japan's stock market have experienced worse over the past two decades than the drop from this year's peaks. In 1990, the Topix lost almost 40 percent of its value and the Nikkei lost almost 39 percent.

To contact the reporter on this story: Elizabeth Stanton in New York at estanton@bloomberg.net Last Updated: November 21, 2007 17:06 EST

 

Mr. Collin Seow, your charts are cool. You are really experience. By the way, from you guys experience, do you think there is a posibility that Dow will rebound tonite. I have bought a lot of HSI Call warrant last few days.