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any measure got its value. the so-called black 21 Nov 87, strike very hard on the GIs, as well as the global markets. hence, last 21 Nov 07, panic selling was the scence. AK, also was not excused. dumped most of my portfolios with great loss.
Moderation is key - it's sometimes a greater evil to have absolute market freedom than to partially constrain the extent to which markets can move.
Try looking up information on the Black Monday of 1987 - it shows the sheer extent to which human greed and fear can move. Equivalent impact of the Black Monday on the STI (assuming it's 3000 pts now) is a rough drop of 600pts in one single day.
Dow had collapsed 22% on that day of sheer panic. No one knows how many fund managers and retail players committed suicide in the aftermath. Absolutely free markets anyone?
Hmm diff ppl got diff values I guess and I don't want to get into a debate over that. I know there are pros/cons to each approach.
Personal belief is that free market should be free.
HLJHLJ ( Date: 24-Jul-2008 15:27) Posted:
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SupremeA ( Date: 24-Jul-2008 09:54) Posted:
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more good yrs to come.
US Congress mulls oil trading limits, disclosure rules. once that got through the bar, CO speculators will change wind direction loh. Wonderful decision. lets cheers.
if King Sauji claimed that the current CO supplies are sufficient and the high spike on CO was mainly attributed to weak greenback, then now US$ sees some light and CO prices dropped drastically over the weeks, a sign of speculation loh.
gut feeling that CO will soften further if the suspected speculators exit the CO future, though there is still tension in ME.
ha ha, if CO gradually declines till 31 this mth, hoe shei liao, esp SIA, 80cts div + whatever gain achieves on eat lt loh. of course other counters also leng leng liao. cheers.
singaporegal ( Date: 22-Jul-2008 21:03) Posted:
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I think it is too early to conclude that oil is downtrending.
In fact, it has jumped US$2 tonight due to Iran fears.
Hulumas ( Date: 22-Jul-2008 13:10) Posted:
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Dear AK Francis,
The crude oil price should be on the long term downward trend already.
AK_Francis ( Date: 16-Jul-2008 17:59) Posted:
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I doubt crude oil prices would move down very much with China's insatiable need for oil.
China Plans to Increase Fuel Stockpile, Securities News Says
By Winnie Zhu
July 22 (Bloomberg) -- China plans to increase its fuel stockpile, Shanghai Securities News said, citing the head of the State Reserve Bureau.
The increase in fuel prices last month has encouraged oil refiners to boost output, allowing China to expand its stockpile of petroleum products, the newspaper, an affiliate of Xinhua News Agency, cited the bureau's chief Su Bo as saying.
There is a ``great shortage,'' Su said, referring to the country's fuel reserves. The bureau oversees 10 stockpile sites, most of which are in eastern and central China, the newspaper said. There are two sites in Xi'an and Chengdu cities in the west, Shanghai Securities said.
China has started building some storage tanks, it said, without elaborating.
To contact the reporter for this story: Winnie Zhu in Beijing at wzhu4@bloomberg.net. Last Updated: July 21, 2008 22:16 EDT
it could be a follow-up with the analyst comment on CO will eventually go up to even USD 300 while the global underground CO exhausted and dried. that day comes, could be a doom day for the world. not AK time to witness liao.
scotty ( Date: 21-Jul-2008 09:18) Posted:
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Don't speak too soon.
Goldman Sachs thinks that oil will go back up to US$149 soon
limkt009 ( Date: 19-Jul-2008 11:55) Posted:
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Oil px drop again...http://money.cnn.com/data/commodities/index.html
| Light Crude (NYM) August 08 ($US per bbl.) |
129.29 | -5.31 | 136.40 | 129.30 | 129.29 | 7/17 2:28pm |
teeth53 ( Date: 16-Jul-2008 17:58) Posted:
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teeth53 ( Date: 16-Jul-2008 17:56) Posted:
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