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well, becuase Asian mkt start trading first before US, so i expect mkt to be in a still selling mode.( invester don't know how the dow will respond to this downgrade, so they will sell first)
and also partly Tuesday is a holiday for us,
but overall, i think i bet to buy some and keep over the holiday, i bet that dow will be muted to this downgrade.
wish me luck, .
best time to buy, is when Europe started trading, they will be the factor that causes Asian mkt to come down even more.
overall, i am still bullish till end of year.
i believe those who buy during this preiod will be glad when mkt trend up again.
tea444u ( Date: 07-Aug-2011 01:46) Posted:
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Just like credit card theory.
Spend what U earn, dont overspend what U cannot earn.
They spend too much to cause over debt. Now in a deep mess that cannot pay.
Last time old timer save and spend wisely, nowadays peoples like to use advance credit and overspend more than their earning, that cause bankruptcy.
Banks know they cannot pay in the end, but still give them more credit card to let them play clever cycle payment that make them in heavy debt, who cares?
Fools lend fools, but they still think they very clever to push the debt limit, till when times come for a final settlement. Declare bankruptcy...
Who tell them to advance so much/fast that they cannot afford. Why dont slow down a bit to enjoy the flowers and beautiful enviroment. Because everyone wants to be world Nos 1???
When world goes too fast and use up natural resource too fast, dont be surprise end of world is coming soon too. very soon...
warrenbegger ( Date: 07-Aug-2011 00:56) Posted:
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hmm..things clearer after reading this...Mr Andrey, you seem well informed about the situation ...thank u for sharing!!
China very clever.
Indeed Tai-Chi master.
LOL!!!
They r aiming at US backside every moments :)
andreytan ( Date: 07-Aug-2011 01:15) Posted:
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LOL!!!
WELL SAID!!!
These rating agency should be rated junk themselves!!!
My grandmother also can rate better than them after thing happen.
Most of them r just like blackmail robber, if u dont pay me, nevermind, i will downgrade U till U die pain pain :) Rubbish!
And which rubbish rating agency going to rate those rubbish agency??? Rubbish rate rubbish???
andreytan ( Date: 07-Aug-2011 01:07) Posted:
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In fact, everyone blame US for comsumption, but do you know, alot of country progress because of export to US., even including Singapore.
Even China , today prosperity was based on export to US.
US did not mess themselves, the world is to be blame as well. the world want progress , so they keep exporting to US.
since u know i cant pay, but you still want to lend(export) to me, who is wrong???
those credit rating are always behind curve, why pay for this type of service.
any fool can rate any thing after it happen.
As invester, we expect, them to sound alarm long before it happen, so i can do redemption to my investemnt.
now after they cannot pay then you tell me that they are junk, what can i do, somemore i must pay you.
already alot of fund are giving them a miss. they are the one who rated lehmen investemnt product AAA , which causes alot of ppl to lose their life saving.
these rating agency should be rated junk themselves.
look at ECRI, they are worse every penny, their call for recession are always accurate.
I think the downgrade is justify. Who ask US to make a mess/fool of themself?
If Ah Long cannot get payment, they will splash oil and paint at your house. O$P$ !#$%
http://en.wikipedia.org/wiki/Standard_%26_Poor%27s
http://en.wikipedia.org/wiki/Moody%27s
AAA: the best quality borrowers, reliable and stable (many of them governments)
AA+: equivalent to Moody's Aa1 (high quality, with very low credit risk, but susceptibility to long-term risks appears somewhat greater)
A: quality borrowers whose financial stability could be affected by certain economic situations
Funny thing is during last wk of stock down trend, people are still seeking safe haven in US T-bill, why? why they know a down grade was in store yet they buy???
simple because.
first, ...no AAA, AA and A rated country ever default over the last 15 years( this is a data from S& P themselves)...15 yrs long enough for invester to be call safest in this investment sphere.
second...why buy AAA which is more expensive? when i can get AA which is good enough and better return. ( both never defaulted for the last 15 years!!!)
so , i dont think this downgrade will cause invester to panic, unless they rate it as junk like Greece.
so I think this is already px into the mkt, invester more or less know this downgrade is a sure thing to follow, since those rating agency already blow their horn in advance.
Thus i dont think Monday Dow will be come crushing down due to this downgrade, in fact , i think US dollar will strengthen due to safe haven seeking.
in fact, it may be a scam, to get ppl to lend to US more, for AA is better return then AAA, and cheaper.
Thus dollar to strengthen and remain strong.
Gold is Prince (When king and queen r sleeping, prince come out to play)
Cash is King (When queen and prince in trouble, king come to the rescue)
Oil is Queen (It can get very wet and oily) Oil will rebound very fast if economic recover again. A longer term look.
bryansng ( Date: 07-Aug-2011 00:08) Posted:
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i agree with xing. During crisis, gold will soar. during good time, it will trade at a slower growth but still a growth.
Gold is prince, cash is king.
xing78 ( Date: 06-Aug-2011 22:52) Posted:
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I agreed with your comments except for the gold portion.
My view is it will have say maybe a 15-20% correction against the dollar before going up again.
Gold may still have another 5-10 years before it's bull cycle come to an end.
Demand for Gold will come from China and India.
andreytan ( Date: 06-Aug-2011 15:56) Posted:
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Why u so like dat?... lol... 
tanglinboy ( Date: 06-Aug-2011 21:43) Posted:
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Damn it lah! Over the course of 2 days, I lost $5K
HSBC good exapmle, is selling it business concern in U.S. and willingly to retrench 30,000 staffs world wide.
andreytan ( Date: 06-Aug-2011 16:33) Posted:
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They will get hit next week.
they are at it again. buying when their price reach 2 year lows.
Top Morgan Stanley officials purchased thousands of shares this week, as the U.S. investment bank's stock price fell to new two-year lows, according to regulatory filings.Chief Executive James Gorman bought $2.06 million of the Morgan Stanley stock and Chief Financial Officer Ruth Porat bought $512,500 worth on Thursday, the executives said in filings with the Securities and Exchange Commission on Thursday and Friday.
Paul Taubman, a co-head of institutional securities, bought $1.02 million of shares, according to a separate filing on Friday. Hutham Olayan, a director since 2006, also bought $100,000 worth on Friday.
Source: Morgan Stanley Execs Buy as Shares Hit 2-Year Low
Aug. 6 (Bloomberg) -- The U.S. Federal Reserve will extend its program to purchase the nation’s debts and stabilize long- term interest rates after Standard & Poor’s downgraded its credit rating, according to an adviser to China’s central bank.
The Fed will roll out quantitative easing 3, a tactic to purchase treasuries, Li Daokui, an adviser to the People’s Bank of China, wrote in his microblog weibo.com. Institutional investors will be forced to sell long-term U.S. debt, which may cause financial turbulence, he wrote.
This comment sums it up:
Uncertainty will make for adventurous trading conditions.
" If you're going to play that game, it's a traders market," he said. " Granted if you have a three-year time horizon the market is presenting you with opportunities. In the short term you have to have a very short leash on any trade you have."
yea things will come down..
but i didnt expect it to be so soon..
i thought the bull will run at least until end of the year..
but earlier this week, especially when us dropped after they announced resolving the debt prob.. is really very worrying tat i didnt dare to hold any long position for more than 2 days..
andreytan ( Date: 06-Aug-2011 16:33) Posted:
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