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I hate to be a spoil sport but I'm always very afraid of days like these. Large price change, low trading volumes and largely unchanged economic fundamentals.
The bailout of Fannie Mae and Freddie Mac was largely expected for some time. The market is over exuberant, I think.
Some people will probably give me a bad post tick....
Dead cat bounce in action
Can any wise man advise on preference shares? Their stock price will never go kaput???
Singapore time 9.45hrs.
NEW YORK - US stocks slumped at the opening on Thursday as oil prices reversed a days-long slide and the government reported a worrying rise in weekly jobless claims, stoking economic jitters.
The Dow Jones Industrial Average skidded 117.57 points (1.01 per cent) to 11,538.50 in opening trades and the tech-heavy Nasdaq composite dropped 16.40 points (0.69 per cent) to 2,361.97.
Hope to see some rebound in pm session, if not 2morow kena whip again loh. Olympics also no taste liao.
NEW YORK - US stocks slumped at the opening on Thursday as oil prices reversed a days-long slide and the government reported a worrying rise in weekly jobless claims, stoking economic jitters.
The Dow Jones Industrial Average skidded 117.57 points (1.01 per cent) to 11,538.50 in opening trades and the tech-heavy Nasdaq composite dropped 16.40 points (0.69 per cent) to 2,361.97.
Hope to see some rebound in pm session, if not 2morow kena whip again loh. Olympics also no taste liao.
Seems to come true..... many counters breaking new low.
Will 08.08.08 be the last bounce???
I think it is still bouncing.
Today's Singapore market not very convinced about the 300 point rise in Dow last night.
But some say cats have 9 lives...
Anyway, things don't smell that rosy at all...
With the ongoing banks crisis... how much can things improve in the shorter term?... 
Dead cat cannot forever bounce. Dead things will rot away. Remember this. Ha....
Of course they do...and the strategy now is to cut loss, perhaps.
Perhaps you think the fund giants have no independent market strategy than just fear? 
It's still the fear factor which is on play right now considering...."a few hundreds of US banks will fail eventually!!!" Is alr in the news.
I hope Jie-jie won't think I am bashing her again...or simply like to think differently from her...
My thought is that at this stage, something more fundamantal is in play rather than simply fear/greed.
I think knowledgeable people may be forseeing the bleakness of the financial markets...
Thus, a continuing market downtrend is more than likely (with brief rallies)...
But this is only my thoughts.
Believe it at your own risk!
Investors and traders are driven primarily by greed and fear.
Apparently, fear still rules the market.
Not so soon for bull to take over,need to wait another 1 to 2 years from now..oil prices still high and subprime still long way to go..let mkt rot further than go in ..be patient wait for another 1 to 2 years
When there is bear market..... the next one will be the bull .... don't buy now ?? it might too late when the market pick up ! don't time the market ; let's the market time you !
Large fluctuations are very common in an illiquid market. I believe the market rally in the past couple of days were used by BBs to sell into strength. The losers are usually the retail investors.
I don't see any bottom fishing or "bargain hunting" by BBs in action. If there were, it would have been supported by large trading volumes.
Remember the dead cat bounce.
There have been quite a few already.
no point catchin the bounce (going long)...more lucrative to catch the dead cat (short short short!) gettin killed another 8 more times (they got 9 lives anyway)
ayoh, AK head kena dropping liulian since 21 Nove last yr. didn't hide, bring umbrella to pick liulian loh, at times kena liulian pocks also.
don't give up, looking forward. sing the song "tomorrow may be a good day". cheers.