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Laggers like SPH and ST engg try to catch up .
Farmer ( Date: 03-Jun-2009 12:13) Posted:
| I see that the so call laggers(ST Engg, SPH, ComfortDelgro, SMRT) are finally starting to move again, does it mean the end of the current rally is near?
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yeah, your advice is brilliant - one must always listen to our LKY and PM's speach - economy is not out of wood yet, though, sometimes, they reassure that our IR gives job opportunities, but, not to forget, how long will this take to break-even the earnings? Look at shouzhou(china), we only see profits after so many donkey years. (it was in straits times 2 weeks ago)
In US, there is weekly(every Thursday) report on jobless claim -
| Jobless Claims |
Definition
New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. An increasing (decreasing) trend suggests a deteriorating (improving) labor market. The four-week moving average of new claims smoothes out weekly volatility. |
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Why Investors Care - (from bloomberg.com)
Jobless claims are an easy way to gauge the strength of the job market. The fewer people filing for unemployment benefits, the more have jobs, and that tells investors a great deal about the economy. Nearly every job comes with an income that gives a household spending power. Spending greases the wheels of the economy and keeps it growing, so a stronger job market generates a healthier economy.
There's a downside to it, though. Unemployment claims, and therefore the number of job seekers, can fall to such a low level that businesses have a tough time finding new workers. They might have to pay overtime wages to current staff, use higher wages to lure people from other jobs, and in general spend more on labor costs because of a shortage of workers. This leads to wage inflation, which is bad news for the stock and bond markets. Federal Reserve officials are always on the look out for inflationary pressures.
By tracking the number of jobless claims, investors can gain a sense of how tight, or how loose, the job market is. If wage inflation threatens, it's a good bet that interest rates will rise, bond and stock prices will fall, and the only investors in a good mood will be the ones who tracked jobless claims and adjusted their portfolios to anticipate these events.
Just remember, the lower the number of unemployment claims, the stronger the job market, and vice versa.
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Frequency
Weekly
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Revisions
Weekly, data for previous week are revised to reflect more complete information.
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TuaPekGong9413 ( Date: 03-Jun-2009 12:33) Posted:
| look at it this way....GM going bankruptcy...from a coporate point of view, its healthy as it is trimming off unwanted fats...but in reality, how many ppl will lose their jobs...ad this is not the only bankruptcy....look at chrysler....imagine how many ppl gona lose job=no $ pay house, no $ buy things...means thier CPI over the next few qtrs surely will be bad...u can imagine how the economy gona be in reality....u think this uptrend will continue? |
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The clearest signal is from our own PM, who said the recession is not over yet. Look at the major ppty counters, shown flatten already. The Dow is lead by Oil coy recently....and if CO should surge pass US$70 again.
look at it this way....GM going bankruptcy...from a coporate point of view, its healthy as it is trimming off unwanted fats...but in reality, how many ppl will lose their jobs...ad this is not the only bankruptcy....look at chrysler....imagine how many ppl gona lose job=no $ pay house, no $ buy things...means thier CPI over the next few qtrs surely will be bad...u can imagine how the economy gona be in reality....u think this uptrend will continue?
yes....especially when penny start to move...
I see that the so call laggers(ST Engg, SPH, ComfortDelgro, SMRT) are finally starting to move again, does it mean the end of the current rally is near?
