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STI to cross 3000 boosted by long-term investors

Just let my pennies start running

gavinl      ( Date: 15-May-2013 06:26) Posted: Is gonna be a good day. :)

 

This is a good year for stocks.

 

 

ARE THE 菲 律 宾 舰 艇 HIDE IN RAT HOLES ????


http://www.youtube.com/watch?v=6GZjv1yuu3o

 

Is gonna be a good day. :)

 

U.S. Stocks Advance on Increased Optimism Over Economy

May 14 (Bloomberg) -- U.S. stocks rose, with the Standard & Poor’s 500 Index headed for its eighth record high in the past nine sessions, on increased optimism over growth in the world’s largest economy.
Financial shares climbed the most among 10 S&P 500 industry as hedge-fund manager David Tepper called U.S. banks “a good sector.” Bank of America Corp. and Citigroup Inc. rose more than 2.2 percent. Take-Two Interactive Software Inc. rallied 4.3 percent after the publisher of the “Grand Theft Auto” video games reported profit that beat analyst estimates.

Philadelphia Fed President Charles Plosser

The S&P 500 advanced 0.9 percent to 1,648.08 at 12:45 p.m. in New York. The Dow Jones Industrial Average gained 89.38 points, or 0.6 percent, to 15,181.06. Trading of S&P 500 stocks was 2.6 percent below the 30-day average at this time of day.
“There’s an encouraging pattern of continued growth in the economic data,” Alan Gayle, a senior strategist at RidgeWorth Capital Management, which oversees about $48 billion of assets, said in a phone interview. “What is helping the market is the belief that downside risks to stocks are limited right now.”
Confidence among small businesses climbed in April to a six-month high as the outlook for the economy and sales brightened, the National Federation of Independent Business’s optimism index showed today.
Still Bullish
Tepper, co-founder and owner of Appaloosa Management LP, said in an interview on CNBC that he is still bullish and the economy is getting better. Tepper, who led Institutional Investor’s ranking of the top earners in hedge funds last year with $2.2 billion, said in January in a Bloomberg Television interview that the U.S. “is on the verge of an explosion of greatness.”
Equity futures slumped earlier as JPMorgan Chase & Co. reduced its second-quarter growth forecast for the Chinese economy to 7.8 percent from 8 percent and the full-year estimate to 7.6 percent from 7.8 percent. It cited weak domestic demand suggested by April data, after reports yesterday showed China’s fixed-asset investment unexpectedly decelerated last month while industrial output trailed estimates.
Money managers are the most bearish on commodities in more than four years as a majority expected a weaker Chinese economy for the first time in 14 months, a Bank of America survey showed. A net 29 percent of the fund managers surveyed were underweight the asset class in May as their positions “collapsed” to the lowest level since December 2008. One in four now consider a “hard landing” in China as the biggest risk to their investments. The bank surveyed professional investors who together oversee $517 billion.
‘Marked Uptick’
“There has been a marked uptick” in concern about China, said John Bilton, an investment strategist at Bank of America’s Merrill Lynch unit, at a press conference in London today. “A hard landing is not our core scenario, but certainly investors are right to start thinking they should at least hedge some of that tail risk.”
The U.S. bull market has entered its fifth year. The S&P 500 has surged 144 percent from a 12-year low in 2009, driven by better-than-estimated corporate earnings and three rounds of bond purchases from the Federal Reserve.
The Chicago Board Options Exchange Volatility Index, or VIX, rose 2.4 percent to 12.85. The benchmark gauge for options, which moves in the opposite direction to the S&P 500 about 80 percent of the time, has fallen 29 percent this year. The S&P 500 has only fallen 3 times in the past 18 days and is up 3.2 percent in May, heading for the seventh straight month of gains.
Banks Rally
Financial shares climbed 1.4 percent as a group. Bank of America added 2.9 percent to $13.35 for the biggest increase in the Dow. Citigroup increased 2.2 percent to $49.98.
Tepper said his firm still owns stock of Citigroup and other U.S. banks. “We have a certain amount of the U.S. banks, which are a good sector,” he told CNBC.
Take-Two jumped 4.3 percent to $17.10. Profit excluding some items was 38 cents a share in the fourth quarter, topping the 23-cent average estimate compiled by Bloomberg, as digital sales almost tripled.
Edwards Lifesciences Corp. advanced 6.2 percent to $71.50. The biggest maker of aortic heart valves implanted with a catheter announced a $750 million share-buyback program. Chief Financial Officer Thomas M. Abate plans to retire, the company also said.
Fusion-io Inc. climbed 4.6 percent to $15.18 as UBS AG raised its rating on the maker of data storage to buy from neutral. The stock’s drop after the company’s co-founder and chief executive officer resigned last week was overdone, according to UBS analysts led by Steven Milunovich.
SolarCity Corp. slid 4.9 percent to $34.13. The second-largest U.S. solar company by market value posted a first-quarter loss as it bore higher costs from installing rooftop solar systems at little or no charge to customers.

 

New era of bull markets, well done!

 

 

U are wise, why bother to vest in this s-chip also know as stupid chip, i loos money here.

we have so many to choose, our local chip. I buy them , i do not need to see, and go jogging and play golf, no worry.

give them a miss, or they will give you the miss.

Octavia      ( Date: 14-May-2013 13:48) Posted: Heard on TV some days ago that some  big chinese  companies listed in HS were found to have some finanical irregularities.  That is why you see the market has no strength. It would not be surprised to see similar discovery here  some  day.If you see my postings I now very scared of  s-chips unless it is very compelling otherwise  I will do it at very short term basis only. halleluyah      ( Date: 14-May-2013 13:19) Posted: Is HSI starting to go away in May??

 

x 0

In 2013, Echo of 1995 Rally Dares Bulls to Dream..............   Did he know how much money the fed have printed compare to 1995, did he know whether the market are looking to reflation trade. Never argue with the market, follow thw trend, the trend is your friend. what so difficult, just have a stop loss for your investment and carry on vest till market stop you out. by the time u come to your conclusion the rally would have over, n u profit nothing.

 

Just naming certain years in market history can tell a dramatic story: 1929 and 1987 denote generation-defining crashes, 1999 is code for easy-riches mania, 2008 for financial-system collapse.

The year 1995 tends to get lost in the general “late ‘90s bull market” period, yet it was one of the most distinctive years in market memory – a tireless, gentle, seemingly effortless upward glide to a 34% one-year gain for the Standard & Poor’s 500 index.

As profoundly different as today’s economic backdrop might appear, the steady, fear-defying rally of 2013 to date most closely resembles that of 1995 in its rhythm and pace, which is generating a bit of Wall Street chatter about what it might suggest as the possible nirvana scenario for investors.

Jonathan Krinsky, chief technical market analyst at institutional broker Miller Tabak, pointed out to clients this week that 1995 was the only time prior to 2013 when the S& P 500 got this far into a year without at least a 4% pullback, and in each year the index was up about 14% as of May 8.

That old " irrational exuberance"

The market would, in fact, go the entire stretch of 1995 without so much as a 4% drop, slowly building the confidence of investors and inflating stock values to the point that, by late 1996, Federal Reserve Chairman Alan Greenspan famously mused about how “irrational exuberance” might be restrained.

Let’s note the visible contrasts between 1995 and today, which no doubt are leaping to mind and which will reinforce the sense among today’s skeptical investors that the current market rally is unmerited by the fundamentals.

The U.S. unemployment rate spent all of 1995 below 6% today it is at 7.5% and falling grudgingly. Back then the economy was well into a recovery from a mild and brief recession now the world economy is healing slowly from a deep and scarring downturn. Corporate profit margins then were healthy and still rising, while today they are already at historic highs.

Yet the echoes between today’s growth-challenged, worry-beset environment and that of 1995 are also pretty clear, and less well-remembered.

The parallels

Tony Dwyer of Canaccord Genuity has been among the most bullish Wall Street strategists for the past couple of years and has been predicting a jump to 1760 on the S& P 500, which would represent another 10% gain from here. He has been invoking the ’95 analogy for some time, and recently detailed some parallels.

There was an all-out “growth scare” in ’95, with U.S. GDP slipping below 1% for two straight quarters and April and May payrolls declining. “China was slowing from upper-teens growth to upper-single digits,” Dwyer notes, while Mexico nearly defaulted on its government debt, commodity prices were sliding, Western Europe’s economy was stalled, the U.S. federal deficit was at then-all-time highs as a proportion of the economy and the S& P 500 price-to-earnings multiple had entered the year near 15 as it did this year. There are some rhymes there, at least.

The wall of investor worry entering 1995 was also rather high - even if in the popular memory the second half of the ‘90s was all economic giddiness and technological magic. In 1994 the Federal Reserve imposed a brutal bond-market crash in order to head off inflationary pressures. Wall Street firms lost money as a group, bond hedge funds imploded, and it was widely believed the Fed had engineered another recession on a still-fragile economy.

Obviously, today’s Federal Reserve’s love hasn’t been nearly so tough. It has held rates at zero for years and is committed to an unending program of adding tens of billions per month to financial markets through asset purchases.

Yet in the spring of ’95, once Greenspan reversed course and began cutting rates, we had a central bank that was essentially adding fuel to an economy and credit markets that were already gathering pace beneath the surface. Today’s Fed, from one angle, saw the economy and markets stumble each time it has ended aggressive support programs in recent years, and is now determined to stay easier for longer even should the economy accelerate from here.

Damage below the surface

One under-appreciated element of both 1995 and 2013 (to date) is how each represented a great unclenching of bound-up financial and economic anxiety. Wall Street had essentially undergone two crashes (one of stocks, the other bonds) within seven years. Risk-taking had been forcibly curtailed, and even though the S& P 500 showed a slim loss for 1994, the damage below the surface to the typical stock was painful. Washington was a snake pit, warring over budget and social issues, and Congressional Republicans would shut down the government in late ’95.

Entering 2013, financial players had endured a serious meltdown scare either from Europe or Washington for three straight years, and in general investors were defensive, hedged, positioned to expect continued volatility. In both cases, the Street was not in a posture to profit from an “outbreak of calm” in either the economy or policy, and markets re-priced higher than seemed warranted at first.

These historical exercises should never be taken too literally, or too far. The 1995 market was picking up the stirrings of massive economic advances: the commercialization of the Internet, the emergence of Asia, the democratization of finance. (Netscape would go public that year, launching the tech-stock wealth bonanza, and Charles Schwab Corp. (SCHW) started taking online accounts that year.) Any economic downturn in ’95 was likely to be manageable, with lots of policy tools at the ready to address it.

Today the economy is demographically less energetic, monetary policy makers are well into uncharted waters and it’s simply not clear if today’s strong equity market is telling us anything enduring about private-sector progress not yet evident. Stock valuations are getting stretched even as corporate profit margins are likely peaking. And maybe the rarity of the smooth, perfect 1995 rally actually tells us how deeply unlikely a rerun is for this or any year.

Still, the market doesn’t always track headlines or the prevailing mood. The “unclenching” of anxiety could easily carry on for a while in stocks, especially given the way the corporate-bond market is generously pricing risk. While not a prediction, the 1995 market probably represents a pessimistic investor’s “upside risk.”

 

Tks bro Octavia....I tot u  " kun" liao....zzzZZZ....lol.

Octavia      ( Date: 14-May-2013 13:48) Posted: Heard on TV some days ago that some  big chinese  companies listed in HS were found to have some finanical irregularities.  That is why you see the market has no strength. It would not be surprised to see similar discovery here  some  day.If you see my postings I now very scared of  s-chips unless it is very compelling otherwise  I will do it at very short term basis only. halleluyah      ( Date: 14-May-2013 13:19) Posted: Is HSI starting to go away in May??

 

Heard on TV some days ago that some  big chinese  companies listed in HS were found to have some finanical irregularities.  That is why you see the market has no strength.

It would not be surprised to see similar discovery here  some  day.If you see my postings I now very scared of  s-chips unless it is very compelling otherwise  I will do it at very short term basis only.

halleluyah      ( Date: 14-May-2013 13:19) Posted: Is HSI starting to go away in May??

 

Is HSI starting to go away in May??

 

  Straits Trading accepts higher takeover bid for car dealer WBL

IS She also b.......,  i think she will come back  ?????

alooloo      ( Date: 13-May-2013 16:47) Posted: Sell in May and go away!!!!!

 

 

Love all yr picture postings.....vry cute.

Octavia      ( Date: 13-May-2013 17:49) Posted: You are so rite...lol halleluyah      ( Date: 13-May-2013 17:41) Posted: Do not waste.....keep some for the coming days.....incase got a bad diarrhea....lol.

 

You are so rite...lol

halleluyah      ( Date: 13-May-2013 17:41) Posted: Do not waste.....keep some for the coming days.....incase got a bad diarrhea....lol.  Octavia      ( Date: 13-May-2013 16:31) Posted: Most Asia markets down.  Europe also  lau sai.

 

Do not waste.....keep some for the coming days.....incase got a bad diarrhea....lol. 

Octavia      ( Date: 13-May-2013 16:31) Posted: Most Asia markets down.  Europe also  lau sai.

 

@iPunter, hahaaa all market eat too much asam laksa....lao sai al.ready !!! Any prescription for lao sai??? Hahaaa!!!

 

sell down but low vol. so not as bad...