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2921-2940 of 69565
HSI down over 400pts .... side lined.
US stocks and Treasures sank after Fed chif Ben Bernanke hinted that the central bank may scale down its unprecedented bond purchases this year and end it in mid-2014 if the US economy continues to improve. The FOMC also said in a statement that downside risks to the economic outlook and labour market have diminished.
Policy makers raised the growth forecasts for next year to a range of 3-3.5% and reduced the projection for unemployment to as low as 6.5%. While investors had expected the Fed to cut back its monetary stimulus, markets were surprised by the explicit timeline given. The prospects of a premature exit from the quantitative easing that has fuelled a rally in financial markets since 2010 clearly spooked the market as benchmark 10-year bond yields jumped 17 bps to 2.36%, its highest level in 15-months and the USD strengthened against 14 of 16 major peers. Interest rates in S’pore have also been steadily climbing in tandem with the higher US rates with SGD 10-year bond yields rising 30 bps in the first two weeks of June to 2.11% and 81 bps since the start of the year.
Avoid reits and company with high gearings.
With QE tapering..... and interest rate going up in US (USD appreciating) .... it will make little sense to keep money in Singapore (Emerging Markets) as the return is eroding and the return no longer justify the risk.
In short out flow of funds from EMs including Singapore back to US.
ozone2002 ( Date: 20-Jun-2013 09:19) Posted:
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Beware the China PMI data. Another trigger event.
i recommend buying on dip
if QE tapering is done because the economy is getting better then all the more it should be gd news to stocks..
gd luck dyodd
Remember to jiak bah buay some bao.
Peter_Pan ( Date: 20-Jun-2013 08:48) Posted:
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Ben did what needs to be done... as an academic. No surprises there.
Mkt rout again..... no position yet .... planning.
MARKET NEWS influnce STI....Nikkei n on Fed's stimulus signals. Wall St drops after Bernanke hints at slowing stimulus
U.S. yields jump as Bernanke signals less bond buying. Dollar rallies after Fed offers brighter economic view
Gold hits 1-month low on Bernanke stimulus signal and Oil pressured by Bernanke comments, crude stocks up.
http://finance.yahoo.com/news/pf_article_112859.html
Singapore Department of Statistics. Yet in this small island nation of only 5 million, known for extravagant shopping, high-end restaurants, and draconian chewing-gum laws, nearly one in every six households has more than $1 million in assets, making it the densest population of wealthy households in the world.
Here are the countries with the highest proportion of millionaires:
No. 1: Singapore
Millionaire households as a share of country's total households: 15.5%
Number of millionaire households: 170,000
2009 ranking: 1
No. 2: Switzerland
Millionaire households as a share of country's total households: 9.9%
Number of millionaire households: 330,000
2009 ranking: 3
No. 3: Qatar
Millionaire households as a share of country's total households: 8.9%
Number of millionaire households: 30,000
2009 ranking: 2
No. 4: Hong Kong
Millionaire households as a share of country's total households: 8.6%
Number of millionaire households: 200,000
2009 ranking: 4
No. 5: Kuwait
Millionaire households as a share of country's total households: 8.5%
Number of millionaire households: 40,000
2009 ranking: 5
No. 6: United Arab Emirates
Millionaire households as a share of country's total households: 5%
Number of millionaire households: 50,000
2009 ranking: 6
No. 7: United States
Millionaire households as a share of country's total households: 4.5%
Number of millionaire households: 5,220,000
2009 ranking: 7
No. 8: Taiwan
Millionaire households as a share of country's total households: 3.6%
Number of millionaire households: 280,000
2009 ranking: 8
No. 9: Israel
Millionaire households as a share of country's total households: 3.4%
Number of millionaire households: 80,000
2009 ranking: 10
No. 10: Belgium
Millionaire households as a share of country's total households: 3.1%
Number of millionaire households: 140,000
2009 ranking: 9
Wong Courtesy Bloomberg Businessweek.
Click here to see the full list of Countries With the Highest Proportion of Millionaires.
teeth53 ( Date: 20-Jun-2013 08:24) Posted:
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WASHINGTON] Federal Reserve Chairman Ben Bernanke said on Wednesday the US economy is expanding strongly enough for the central bank to begin slowing the pace of its bond-buying stimulus later this year.
Mr Bernanke's confirmation that the Fed is getting closer to pulling back on its US$85 billion in monthly asset purchases confirmed investor fears, sending stocks and bonds sharply lower, and pushing benchmark Treasury yields to a 15-month high.
The Fed expects moderate growth to lead to a further healing in the job market as headwinds facing the economy ease, Mr Bernanke said.
He also said policymakers expect inflation to move back up toward their long-term 2 per cent goal, and dismissed recent low readings on consumer prices as due in part to temporary factors.
Mr Bernanke's confirmation that the Fed is getting closer to pulling back on its US$85 billion in monthly asset purchases confirmed investor fears, sending stocks and bonds sharply lower, and pushing benchmark Treasury yields to a 15-month high.
The Fed expects moderate growth to lead to a further healing in the job market as headwinds facing the economy ease, Mr Bernanke said.
He also said policymakers expect inflation to move back up toward their long-term 2 per cent goal, and dismissed recent low readings on consumer prices as due in part to temporary factors.
C....B face
teeth53 ( Date: 20-Jun-2013 08:38) Posted:
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Really leh, cos Dow can drop 200 points, if tomorow drop again 200 points , today will have a lot of kan cheong spider running around to dump stocks
GorgeousOng ( Date: 20-Jun-2013 08:18) Posted:
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Whao$$$$urprise$...$$$$ Huat......ARGHHHH
101,000 Singapore millionaires in 2012, share mkt rally sharply increased the ranks of wealthy here last year
d24， 101， 88， xo.....emnm yummy..yummy
bishan22 ( Date: 20-Jun-2013 08:17) Posted:
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hahaha！ supertitious！
LoveToInvest ( Date: 20-Jun-2013 08:11) Posted:
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Durians picking again. Good luck. 
Having my breakfast now and Kopi Auntie drop the glass,sign of STI drop too.
Congrats to those who shorted yesterday!
http://stockmarketmindgames.blogspot.sg/2013/06/dow-jones-death-of-qe-speculation.html