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2007-oct-22 - BLACK MONDAY has arrived !!

frankly speaking, STI performance for today not too bad already.. dropped less than 3% when others are predicting a market crash!! Just a little panic selling today and should be able to pick up given our strong economy.

 

Sad..... my money stuck in bought shares, thus can't take the current advantage. Can't sell unless making a loss.  Unless contra...........

 

Think HSI got double blows because some buggers say that HSI is building bubbles.

 

wow...HK drop 1000+ siah !! i think this week trading will be bloody..hee...got make $$ by now? hee...gd luck !!

 

Asia/Pacific			Last Trade	Change	Related Info
^AORD	All Ordinaries	Australia	6,592.100 2:11PM SGT	131.200 (1.95%)	Components, More
^SSEC	Shanghai Composite	China	5,667.332 3:00PM SGT	150.715 (2.59%)	Components, More
^HSI	Hang Seng	Hong Kong	28,373.63 4:01PM SGT	1,091.42 (3.70%)	Components, More
^BSESN	BSE 30	India	17,521.11 4:23PM SGT	38.87 (0.22%)	More
^JKSE	Jakarta Composite	Indonesia	2,454.5891 4:38PM SGT	109.163 (4.26%)	Components, More
^KLSE	KLSE Composite	Malaysia	1,370.17 Oct 19	6.15 (0.45%)	Components, More
^N225	Nikkei 225	Japan	16,438.47 3:00PM SGT	375.90 (2.24%)	More
^NZ50	NZX 50	New Zealand	4,316.313 Oct 19	3.159 (0.07%)	Components, More
^STI	Straits Times	Singapore	3,651.51 4:38PM SGT	96.47 (2.57%)	Components, More
^KS11	Seoul Composite	South Korea	1,903.81 2:02PM SGT	66.29 (3.36%)	Components, More
^TWII	Taiwan Weighted	Taiwan	9,360.63 1:46PM SGT	251.09 (2.61%)	More

 

Hi Panickers,

   Please do consider sell those with no fundamentals due to uncertainy in market... :)

   It would be good time to buy when people sell.

 

Thanks,

Happy..

 

Ya man, big players will drive prices down and when small investor start to get panic and join in ... then they will start to collect back and make a good deal out of it. Look at the recent Sub-prime ..... if you went in during that time to pick non-financial and property counter, you have already make some decent profit liao ......

i will pay attention to local blue chips with strong fundamental ....... and those local Singapore company that the business is more locally driven ..... Drop then buy and wait .....

So stay focus ....... May SGX bless us all.

 

Fund mgrs are waiting for u guys to throw at any prices,they will accumulate and the prices will rebound shortly and they ll profit in fearful market, so...stay calm....!! DOW ll rebound strongly when their mrkt opens.....

 

Seriously, a drop of >20% is considered a market crash. What's a little drop of 2.64% and 2.65% for the DJI and Nasdaq? YTD both those indices are still in positive territory. I consider the drop on Friday as a no more than a correction caused by fear. Whether this is the start of a downtrend is anybody's guess.

The more panicky you are and the more ready you are to sell your shares at any price (believing that you can pick them up again a lot cheaper later), the better it will be for those waiting for bargains and the shortists. 

 

let us hope is limited so fear factor is smaller and we can get on with it and up again. Will next Monday see US make a U-turn and recover the lost ground, anyone got the latest news from US? 

Hope the fund investment or the US make some adjustment so to limit the worst.

 

Dear lpkoh5, WHy on friday, it is a good day to short? Pls enlighten.

 

SGX Focus - Investors get spooked on Black Monday anniversary

---

Curtis Bergh, 22 Oct 2007 Markets in the United States tanked on Friday, which was also the 20th anniversary of 'Black Monday.' The past certainly came back and haunted investors.

The Dow Jones Industrials Average dropped 366.94 points, or 2.64%, to 13,522.02.

The tech heavy NASDAQ dropped 74.15 points, or 2.65%, to 2,725.16.

The S&P 500 dropped 39.45 points, or 2.56%, to 1,500.63.

Oil dropped US$0.87 to US$88.60 a barrel.

Gold dropped US$0.30 to US$768.40 an ounce.

Wachovia reported a US$1.3 bln write down from subprime related issues for the quarter, which helped sink earnings 10%. The stock was down US$1.74, or 3.61%, to US$46.40.

Capital One Financial Corp also running into problems in its earnings from subprime. Capital one reported a quarterly loss of US$81.6 mln vs. a profit at this time last year of more than $750 mln. The company took a US$898 mln charge from the shut-down of its Greenpoint Mortgage Unit. The stock traded lower, down US$3.32, or 5.03%, to US$62.68 a share.

 

The best time to short was on Friday n not on Monday....just my opinion...

 

It is all fear factor that is driven.

Look at the August episode on hindsight.
Those who sold are lamenting; with some of good quality stocks scaling new heights recently.

Just some opinion.

 

paperless. sorry changing.

not eaten. is just eat ourself. i can't translat in hokkien not very good.

 

lets hope the fund investment stay with STI... and with us at this time of frame and all time.

 

nothing to do just get eaten. becos we do not have bigger funds on our own than them.

 

I know that its the 1 circle ecom on the earth. thks for yr sharing. one day hope we can have the gaint on our time hour of the east. this will come in the next few years soon. China. hoping

oil rise too high  this 2 month now. becos of the war breaking out soon liao in the mideast + US problem resurface 2 weeks ago. hope oil sector push a bit up for all of ppl.

 

What shall we do as 70%+ of funds in STI are from foreign investments..

 

nono1975, no doubt that the prospect for S'pore looks good, but can't never turnaway from others as we are alway closely linked in trade. One good example is OIL, have impact on the market worldwide.

Hence, when the gaint sneeze, everyone get the cold chills

 

why always follow other market can't we follow on our own market? market and ecom is good and strong here.