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It is said the stock market itself is a predictor of things to come...
which mean recessionary times are very likely be a reality if the current downtrend continues.
Let's see if it is so...
six sense, perhaps! fox is finally coming to the door step loh.
the 450 crowd strength talk, seem didn't make any good leh. just too bad.
someone pls help me on this... I thought you get a recession only when there's negative growth... ie when GDP for the year is less than the year before.
So far, the projection is still like 2-3% growth... (downward adjusted from earlier 4-6%). So there's no recession, right? Technically, even a 0.5% growth is still an economic growth. NO?
Better start saving money.
Recession is almost upon us.
The Ang Moh funds are also played out themselves when they buy..
Remember the great market bull rally in Aug 2007? when the market 'cheong' and 'cheong' for a couople of months then resumed the downtrend till today?
That was a classic market correction. Everyone, including the Ang Mohs, got snookered...
Normally, recession last 1 to 3 yrs. So i guess we are nowhere near the bottom.
I would not be surprise to see STI below 2000.
Sometime the best action is no action. If we dont know just hold and wait and see .
And buy only what angmo buy when good time comes, these are the one who will run the fastest.
recession at your door step.
hold your cash
pikachu ( Date: 19-Aug-2008 08:19) Posted:
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Haha! Well said! All the best!
HLJHLJ ( Date: 19-Aug-2008 19:08) Posted:
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Recession will be very bad. Better look for iron rice bowl jobs. Anyone know what kind?
Haha....I'm having a recess too; and taking time to chew my foods slowly at my own pace! Cheers!
Good ... drop more....
My advice is don't time the market. Even gurus cannot do it!
just invest according to your means and sit tight if you are an investor. If you are a trader, then must monitor to go in and out.
Good stocks will shoot up again when rally comes. Rally has to come, no doubt about it, just like sun must rise again each day! Right?
All the best.
ekekeg ( Date: 19-Aug-2008 14:53) Posted:
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Recession may be a mild one, or it could be a serious one. At every recession, every stock will have a chance to see its bottom. It is also true that when the recession ends, every stock will have the chance to move up. So sell now and buy later? Or buy now and sell later? Which is better?
Fear of technical recession looms as July exports fall
Global slowdown does not augur well for sputtering electronics exports
By OH BOON PING
(SINGAPORE) Continuing their downward trend, Singapore's non-oil domestic exports (NODX) shrank by 5.7 per cent in July as the shipment of electronic goods continued to fall.
This followed a 10.5 per cent fall in May and an 11 per cent tumble in June, and some economists are predicting a technical recession after the economy grew just 2.1 per cent in Q2 - the slowest growth in five quarters, and following a revised 6.9 per cent pace in Q1.
'The fall (in non-oil domestic exports) will translate into weaker manufacturing activity, at least for the third quarter, raising the likelihood of a technical recession in 2008,' said Alvin Liew at Standard Chartered.
Said David Cohen, an economist at Action Economics in Singapore: 'The global outlook is looking darker with Japan and Europe probably slipping into recession, and the US still sputtering. It doesn't bode well for demand for Singapore's exports.' A technical recession is defined as two consecutive quarters of economic contraction.
Non-oil retained imports of intermediate goods (NORI) also fell 5 per cent in the month - worse than the 2.8 per cent drop in June, mainly due to lower NORI of consumer electronics, parts of PCs, diodes and transistors and integrated circuits.
Total trade jumped 21 per cent to $88 billion last month.
Minus oil, domestic exports put on a dismal show in July. For example, electronics shipments contracted 14 per cent over the same month last year.
'The contraction in electronic domestic exports was largely due to weaker domestic exports of parts of PCs, consumer electronics, disk drives and ICs,' International Enterprise (IE) Singapore said.
Non-electronic exports posted a slight improvement of 0.3 per cent - reversing its drop of 7.9 per cent drop in the previous month.
'The turnaround in non-electronic NODX was largely led by higher domestic exports of ships and boats, petrochemicals and non-monetary gold,' IE Singapore said.
Except for Indonesia, China, Hong Kong and South Korea, domestic exports to the rest of Singapore's top 10 markets declined in July. According to IE, the United States, the European Union and Thailand were the top contributors to the NODX's fall last month.
NODX shipments to the US were down 33 per cent year-on-year following a 24 per cent drop in June.
Domestic exports to the EU sank 27 per cent, against a 16 per cent decline in the previous month. Shipments to Thailand, which dipped 8.4 per cent in June, tumbled 22 per cent.
Exports to China grew 8.6 per cent last month, bouncing back from a 12 per cent contraction in June. Shipments to Hong Kong, which dipped 0.5 per cent in the previous month, crept up a paltry one per cent.
Exports to Indonesia jumped 29 per cent in July, recovering from a 7 per cent decline in June.
Global slowdown does not augur well for sputtering electronics exports
By OH BOON PING
(SINGAPORE) Continuing their downward trend, Singapore's non-oil domestic exports (NODX) shrank by 5.7 per cent in July as the shipment of electronic goods continued to fall.
This followed a 10.5 per cent fall in May and an 11 per cent tumble in June, and some economists are predicting a technical recession after the economy grew just 2.1 per cent in Q2 - the slowest growth in five quarters, and following a revised 6.9 per cent pace in Q1.
'The fall (in non-oil domestic exports) will translate into weaker manufacturing activity, at least for the third quarter, raising the likelihood of a technical recession in 2008,' said Alvin Liew at Standard Chartered.
Said David Cohen, an economist at Action Economics in Singapore: 'The global outlook is looking darker with Japan and Europe probably slipping into recession, and the US still sputtering. It doesn't bode well for demand for Singapore's exports.' A technical recession is defined as two consecutive quarters of economic contraction.
Non-oil retained imports of intermediate goods (NORI) also fell 5 per cent in the month - worse than the 2.8 per cent drop in June, mainly due to lower NORI of consumer electronics, parts of PCs, diodes and transistors and integrated circuits.
Total trade jumped 21 per cent to $88 billion last month.
Minus oil, domestic exports put on a dismal show in July. For example, electronics shipments contracted 14 per cent over the same month last year.
'The contraction in electronic domestic exports was largely due to weaker domestic exports of parts of PCs, consumer electronics, disk drives and ICs,' International Enterprise (IE) Singapore said.
Non-electronic exports posted a slight improvement of 0.3 per cent - reversing its drop of 7.9 per cent drop in the previous month.
'The turnaround in non-electronic NODX was largely led by higher domestic exports of ships and boats, petrochemicals and non-monetary gold,' IE Singapore said.
Except for Indonesia, China, Hong Kong and South Korea, domestic exports to the rest of Singapore's top 10 markets declined in July. According to IE, the United States, the European Union and Thailand were the top contributors to the NODX's fall last month.
NODX shipments to the US were down 33 per cent year-on-year following a 24 per cent drop in June.
Domestic exports to the EU sank 27 per cent, against a 16 per cent decline in the previous month. Shipments to Thailand, which dipped 8.4 per cent in June, tumbled 22 per cent.
Exports to China grew 8.6 per cent last month, bouncing back from a 12 per cent contraction in June. Shipments to Hong Kong, which dipped 0.5 per cent in the previous month, crept up a paltry one per cent.
Exports to Indonesia jumped 29 per cent in July, recovering from a 7 per cent decline in June.