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Inauspicious Year???? See Red???

surprise surprise~! now at 9.25am...i looking at STI...its in a positive! wow...never did we expect this to happen after Friday's DOW went down so much right? almost everyone in the forum were quite pessimistic including myself tt Monday will be an extremely red day...

 

RECESSION ROUND THE CORNER???

MORE RED EXPECTED...

 

Monday will see RED again...

 

Wow, stocks have skidded lower further by 240 points....

With the Dow falling by triple digits in a single session lead to anxiety about a possible recession from unfolding fallout of sub prime loan.

Weird, the above is taken lightly by investment community till now as the financial impact slowly reveals.....

Why so long??? Since Aug 07 till now, its almost 5 months and yet some still remains very bullish...

Wonder when will the full impact be reveal???

 

US Market Open  NASDAQ 2469.36  -19.16  -0.77% | DJIA 12733.19  -119.9  -0.93% | S&P 1411.25  -9.08  -0.64%

 

Dow starts off with a bang, down 1% or 130 points....more bad news on the way????

 

Oops forgot to add, STI breakthru the 3300 support level to close at 3287.

Lost approx. 4% over this week, start of bull's cousin (BEAR) run...

Anybody guess....

 

Like I said, when market is down, this thread will thrive as it dwell on all negative news....

 

this year is not a good year, jan,feb,march is a volatile market,april is the stock recovery month. may, dun know yet. 

 

Hi ten4one, red is definitely auspicious color for most esp. NOW for those who short the market or buy PUTS....RED definitely turn them on..

 

According to Xiao Loong, even US goes into reccesion, Asia (China & India) will make up the gap for it.  Hehehehehee....can believe?

 

If you read the Feng Shui book, you should wear RED color to bring good luck

 

Haha...Chinese New Year I'm going to wear red which to me is an auspicious color! Cheers!

 

Jason, from the header of this thread, its is already splash with negative connotation......................... don't get your hope too high as probably recession is round the corner...

will see this thread more often when market is down and bleeding in the red...

 now you see it, now you don't......

 

i tried very hard not to be negative about this year and hope for the best that STATES wun go into RECESSION.

Let's hope this year we see more months of green than red.

Also hope sti index can be seen on trading platform...

 

cheers

 

With the newly formed index, STI is down by 1 %, near the 3300 support level ....worse, Europe and Dow are trading in the RED now...

 

Oops...another grand slam of 238 points in the RED!!!

Seems like the sub prime issue is still unrevealling its impact in the financial world......not over YET!!!

More to come......

Brace yourself for a volatile day....

 

Hey hey, breaking the RED pattern tonight??? Has been in the red couple of days already.

Take a breather???

Probably.....

 

simck001, wise move.

Just saw headline that "Wall Street headed for a rebound Monday amid speculation that the Federal Reserve will cut interest rates to ward off a recession", find that such move by Fed is getting more and more mundane with little room to move.....

 

Well, well, I promise myself not to place any buy order till Chinese New Year.

 But I will still frequent this interesting and excited website.