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1481-1500 of 69565
By Bill Mann, MarketWatch
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Dow Jones. Cras sapien augue, tincidunt eu gravida eget, convallis a urna. Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Etiam venenatis iaculis sapien sit amet sodales. Etiam molestie ipsum ut odio sodales mollis. Integer viverra ullamcorper ullamcorper. Morbi ut bibendum velit. Curabitur venenatis imperdiet porta.
Bill Gates of Microsoft. Vestibulum tempus erat et nisl rutrum sit amet dapibus ante vehicula. Curabitur felis est, sodales quis malesuada et, scelerisque nec quam. Duis est orci, consequat eget venenatis sit amet, mattis eget justo. Proin vitae dui id metus vehicula vulputate. Etiam id arcu iaculis lacus rhoncus malesuada. Etiam vestibulum dapibus odio, id pulvinar tortor convallis ut. Vestibulum sed dui neque. Nunc egestas blandit elit, a molestie velit lobortis et.
Cum sociis natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Etiam sagittis dui in justo accumsan sodales elementum est auctor.
Sed vestibulum nibh tincidunt urna eleifend eleifend. Aenean egestas scelerisque lacinia. Morbi facilisis mi eu urna condimentum blandit. Nunc accumsan tincidunt metus id dictum. Praesent consectetur est eget urna varius vel pellentesque enim vehicula.
Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Morbi cursus magna sit amet felis blandit adipiscing. Phasellus egestas facilisis condimentum. Maecenas id vestibulum nisi. Nunc mattis auctor consectetur. Duis commodo ante lorem. Vestibulum faucibus, nulla sit amet malesuada accumsan, libero mi elementum leo, non congue odio ligula sit amet libero.
Duis malesuada dictum convallis. Nam egestas lacus a magna tempor mattis. Aenean placerat velit sed ante consequat malesuada. Praesent arcu mauris, condimentum at condimentum et, accumsan sit amet nulla. Sed eu orci metus. Cras molestie aliquam justo.
Integer congue fermentum nulla, et mollis libero pellentesque eu. Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas. Morbi lacinia nulla quis elit volutpat blandit. Etiam eget odio elit. Nam mauris lorem, venenatis nec condimentum vitae, cursus eget massa. Suspendisse tristique justo sed massa mollis mattis.
Duis convallis fermentum ornare. Proin mi magna, suscipit nec ornare eu, vulputate eu nibh. Morbi non auctor dui. Curabitur velit velit, accumsan et porta vel, congue vel turpis. Vivamus non lectus augue. Nullam ante mauris, ultrices ut commodo eu, tristique vitae augue. Nunc molestie vulputate venenatis. Nulla consequat mi vitae neque porttitor interdum.
Nunc et leo convallis massa placerat dapibus. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse malesuada venenatis urna, vehicula gravida mi consequat at. Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae Quisque volutpat nulla vel sem rutrum lacinia. Nulla facilisi. Phasellus elit ipsum, rutrum id aliquet nec, lobortis dictum magna. In faucibus, enim id sollicitudin lacinia, elit turpis sagittis dui, nec vulputate odio lorem eget massa. Integer accumsan leo nec arcu venenatis id rutrum lectus cursus. Sed tristique dignissim dignissim.
Aliquam rutrum sagittis adipiscing. Nunc at nunc at risus tempus laoreet.
Bill Mann is a MarketWatch columnist, based in Port Townsend, Wash.
STI more likely to be resilient when DOW falls or climbs. We in Sg are known as laggard market and very little known about us. Our STI exchange is not even listed in many global sites.
Hang Seng and Japan stock markets are more affected by movements in Wall Streets. So if Dow falls, you can see HSI and Nikkei drop like a stone thrown from above, bang! or splash! making loud noises.
Cheers.. make money, make money!!
bishan22 ( Date: 22-Aug-2013 10:34) Posted:
This 3070 must hold. Let see how Dow will lead STI. Good luck.
iluvboost ( Date: 22-Aug-2013 09:43) Posted:
important support of 3070 broken.
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This 3070 must hold. Let see how Dow will lead STI. Good luck.
iluvboost ( Date: 22-Aug-2013 09:43) Posted:
important support of 3070 broken.
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Dow down 105.44.
Sti will follow. Better to be sidelines now. It is more favourable to short than to long now.
my broker tell me rebound soon,,,,,,,,,,,get ready
STI will soon touch 3000!
iluvboost ( Date: 22-Aug-2013 09:43) Posted:
important support of 3070 broken.
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Is time to look at china counters...
My money I decide
Your money you decide
china manufacturing unexpected expands 50.1 vs 48.2
important support of 3070 broken.
US stocks whipsawed before ending near session lows after minutes from the latest FOMC meeting offered no clarity on when the Fed will scale back its monetrary easing. While policy makers were ?broadly comfortable? with Chairman Bernanke?s plan to start reducing bond buying later this year if the economy improves, they also agreed that ?a change in the purchase program was not yet appropriate?.
This doublespeak left traders both confused and clueless and the uncertainty sparked volatility in the markets. The Dow dropped for the 6th straight day, the longest streak in more than a year, breaking below the psychological 15,000 level. 10-year Treasury yields jumped 6 bps to 2.89, a two-year high.
WASHINGTON (MarketWatch) ? Federal Reserve officials agreed with their leader Ben Bernanke?s view that the economy will pick up later this year and allow the central bank to taper its asset purchase plan before the end of the year, according to minutes released Wednesday. But they shied away from signalling when a move might come.
The central bankers did not signal as to whether such a taper of the $85 billion-per-month bond purchase plan would come in September, October or December, the three remaining meeting dates for 2013.
There were few signs that a majority was poised to pull the trigger at the September meeting but also there were no strong arguments against a quick move.
There were conflicting views expressed, with neither in the majority.
teeth53 thot -Confusing signal. Dow ended more into -ve territories, or -105.44 points or 0.70% to 14,897.55 pointd
teeth53 ( Date: 21-Aug-2013 22:27) Posted:
DOW trading in -ve territories while
U.S. stocks decline as investors wait to see the latest minutes from the Federal Reserve's monetary policy meeting. More
Indian stocks plunge 11% in a month
Fed provokes fear in emerging markets
teeth53 ( Date: 21-Aug-2013 08:22) Posted:
Panic in Asian bourses, n it extended to Euro mkt ad anxious investor's bail out billion. STI yesterday was down 1.4% extending a fall that has now wiped out all gains for the year.
Ah Ben. Fed chief in May said to taper QE3, MSCI Asia Pacific Index has lost 9%, according to bloomberg. From Jan to July, US$7.6 bail flowed out of emerging mk |
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It's a RRRout as rupee, rupiah, ringgit get hit
Though it's not a rerun of 1997-98, regional currencies may weaken further against US$
Plummeting Asian currencies - especially the Indian rupee and the Indonesian rupiah - have raised the spectre of contagion as international investors tend to paint the region with the same brush.
The Malaysian currency was also hit as some spoke of the RRR - rupee, rupiah, ringgit - getting hammered.
But analysts said Asia is not in dire straits although, in the short term, they warn of more volatility as international investors are not discerning when they exit markets.
Yesterday, the Indian rupee fell to an all-time low of 64.52 against the greenback. Meanwhile, the Indonesian rupiah languished at 10,775 and the ringgit at 3.29 against the US dollar.
There is a risk that the volatility in these markets could spill over to the rest of Asia and other emerging markets if capital controls to limit outflows are implemented, said Andre de Silva, HSBC head of Asia Pacific rates.
" Our base-case scenario is that strict capital controls are unlikely, nor is a rerun of the Asian financial crisis of 1997/98, as Asia is in significantly better shape," he said.
" We have seen from previous experience that when investors start to pull money out from emerging countries en masse, the exit can be painful," said Marc Lansonneur, Societe Generale Private Banking (Asia Pacific) regional head of investment teams and market solutions.
Said Richard Titherington, JPMorgan Asset Management chief investment officer for emerging market equities: " A rising US dollar is worrying for emerging markets. US assets become more attractive."
He added: " We always tell our investors that emerging market currencies are very volatile."
The rupee and rupiah - the worst hit Asian currencies in this turmoil - have been hammered as investors focused on the current account deficits of the two countries.
Indonesia reported last Friday a sharp increase in Q2 current account deficit to 4.4 per cent of GDP from 2.4 per cent previously, and the rupiah was sold off more than 4 per cent.
For the year, it has depreciated more than 13.6 per cent against the US dollar to a four-year low.
India, which reported a Q1 current account deficit of 4.8 per cent of GDP is the worst hit Asian currency this year, falling more than 15.3 per cent this year to touch a historical high of 64.52 against the US dollar.
ANZ senior FX strategist Khoon Goh said there have been both global and specific local factors at play that have driven regional currencies lower.
" At the global level, increasing expectations of QE (quantitative easing) tapering by the US Federal Reserve and diverging growth momentum between the US and Asia have seen a reassessment by investors, who are now withdrawing capital from Asia to reallocate to developed markets," he said.
The problem with exits is that investors use the same brush to paint the region, said Philip Wee, senior currency economist at DBS Bank.
So Malaysia, which has a current account surplus, albeit a shrinking one, has seen its currency fall too the ringgit is down 5.37 per cent against the US dollar from a year ago.
Some are talking about the RRR trio - rupee, rupiah and ringgit, said a weary Mr Wee, hoarse from trying to show investors the difference between the three. " It's not fair to put them in the same category," he said.
In Malaysia, there is increasing focus on the country's fiscal position and debt, said Ho Woei Chen, United Overseas Bank economist.
Fitch cut its outlook on Malaysia's sovereign credit rating to negative from stable on July 30, citing its rising debt levels and lack of budgetary reform.
" Although Malaysia's current account is expected to remain in surplus this year, we expect it to be reduced to around 4.2 per cent of GDP in 2013 from 6.1 per cent in 2012," said Ms Ho.
Sim Moh Siong, Bank of Singapore currency strategist, added that the ringgit is also highly vulnerable to global investor sentiment given the high foreign ownership of the bond market.
" Foreign investors hold close to 50 per cent of outstanding Malaysian government debt - the largest share among all countries in the region," he said.
So what should investors with exposure to regional currencies do?
" I'm treating the first tapering as an event risk which the market is discounting ahead of time," said Mr Wee of DBS, who recommends hedging on a short-term basis.
Manpreet Gill, Standard Chartered Bank head of fixed income, currencies and commodities investment strategy, also said businesses are likely best served by hedging FX exposure, where appropriate.
Otherwise, Mr Gill said the bank continues to believe that the US dollar is likely to strengthen gradually against Asian currencies over the long term.
" Both investors and businesses are likely to benefit from using any lulls in the sell-off to raise their exposure to the US dollar," he said.
For the brave, onshore investors in affected countries are presented with good opportunities in short-term debt.
" In India, for example, short-term government and corporate debt now offer double-digit yields, higher than those on long-term debt. This is a fantastic opportunity for investors to lock in attractive yields when held to maturity," said Mr Gill.
Any gains on Malaysian properties will probably be eaten up by losses in potential further Ringgit weakening ..... ?
Go burn more scrips for our " bros" below.
Peter_Pan ( Date: 21-Aug-2013 22:50) Posted:
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http://sg.finance.yahoo.com/news/albedo-moves-property-buys-762-ares-iskandar-031535091.html
Singaporeans snap up Danga Bay units
Singaporean borrowing to finance their debt in S'pore - stop at 60%???.
Happi buying....
teeth53 ( Date: 21-Aug-2013 23:01) Posted:
Warning - higher interest rate is beginning to creep up....
http://www.cnbc.com/id/100967994
U.S. consumers, bracing for higher interest rates and slightly slower economic growth, were a bit less optimistic in August as sentiment retreated from last month's six-year high, a survey released on Friday showed.
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Warning - higher interest rate is beginning to creep up....
http://www.cnbc.com/id/100967994
U.S. consumers, bracing for higher interest rates and slightly slower economic growth, were a bit less optimistic in August as sentiment retreated from last month's six-year high, a survey released on Friday showed.
http://www.cnbc.com/id/100976848
Prognosis for emerging mkts is not looking good after four straight days of heavy selling in stocks and sharp currency falls that have prompted Turkey and India to step in with supportive steps.
While the volatility, driven by concerns about an unwinding of U.S. monetary stimulus, may not be over yet, nor is it time to hit the emerging-markets panic-button, strategists say.
(
Read more:
Fed message to markets: Don't fear the taper)
Related: BRIC markets left in the dust
But here's the thing. This can't go on forever. If the stock markets in China, India, Brazil and other large emerging markets continue to suffer, that would be bad news for the U.S. -- especially if the economies of those emerging markets start to slow dramatically as well.
While the recent signs of life in the U.S. economy and the miraculous turnaround in Europe are encouraging, the developed world could be in for a nasty shock if emerging markets enter their own recession.
Very Fed Up!!!
