
asian market sell down in anticipation that econimic data would have negative impact to DOW. It down 49 pts after Friday closing losing hope that FED will cut interest rate due to CPI.
Mostly likely STI may stay flat unless Nikeei react further to DOW friday's fall and Hang Seng to 0.27% interest rate increase.
another interesting week.....
1. STI will be down first and then rebound??!!
2. STI will cheong all the way to above 3150..with Nikkei and Hang Seng green green at opening...Pray....hope my dream come true....:)
also
It appears the "Oracle" is none other than mirage.... :)
Good insights, sir.
Fun with Flows: Record outflows ? For the week ended March 7, redemptions from all Asia-dedicated funds totaled US$4.1bn, 2.5 times the now second-biggest weekly outflow ever, which was recorded in May 2006. The ?yen carry trade? concern not only affected Asia but also the rest of the emerging markets with US$4.8bn redeemed from Latin America, EMEA and GEM funds. These, together with US$1.7bn in outflows from International equity funds, suggest that US$10.6bn was withdrawn in one week.
==> Be caution.
Singapore: Past sell-offs suggest that consolidation has not run its course ? In April ?04 and May ?06, the STI took about five weeks to find its trough. During recessionary years, it took between 6-12 months before the market found its floor.
===> Not yet over. March is traditional bad for stock market. KEEP CLEAR AND BE SELECTIVE!
I think US market will continue to slide tonight. The subprime market news has been quite disturbing last night.
I still the STI will go down further when the Europe markets open later...
Watch out.
mirage Member |
Posted: 12-Mar-2007 21:31 |
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i and many ppl need someone to post something constructive which we dunnoe..
somebody help us! Oracle anyone? Divination?