Post Reply
3841-3860 of 8312
What is coming...
think ppl will not short the market anymore.... hehe....
improve housing maybe the first sign of fishing.... hehe.....
Hope you find it useful..
http://www.addictedtoprofits.net/platmembers/EmailAlert32009.pdf
Happy reading.
lots of ppl say close 7.8.... me choose 8.2 close.... hehe.....
Ah dow quite strong.... All soldiers are on guard..... still long got better bet....
hehe.... die die must buy more....
Assuming that US consumption is down by 1.5t...and if both India and China will to pick up the tag...this means both the chinese and indian must increase their consumption by 100% as their consumption is 1.5t.. plus another 1.5t to take US place...that means insist of buying 1 car or house , now they got to buy 2...
This is not possible, because both indian and chinese are saver, not spender....and how to increase your consumption by 100% overnite??. and now with US consumer down, so is the world...and problem now with US is not just subprime, but credit card, auto loan ,...problem is just too big for them to turn corner within a year..
No job, no money to spend...even those got job also kanna pay cut..or worry that they might get retrench , so scare to spend ..same as what is happening now in Singapore.
But i hope you are right...
cheongwee ( Date: 24-Jan-2009 00:55) Posted:
|
Yes,USA is too big..total 9.5t, both India and China is some 1.5t...no way China can takeover US...
If US is down the world is down..
The truth of global economic financial crisis is that USA's economy is deep trouble and it is not spending any more, dragging down the economies of the world. Consider the following 4 biggest economies of the world today and their GDP:
GDP of USA : US$ 13.8 trillion
GDP of Japan : US$ 4.4 trillion
GDP of China: US$ 3.5 trillion
GDP of Germany : US$ 3.3 trillion
Adding up the total combined GDP of Japan, China and Germany is only US$11.2 trillion, approx 81% of USA's GDP. Considering that 2/3 of USA GDP is based on consumption, i.e. approx US$ 9.2 trillion is for consumption, i.e. spending on cars, LCD TV, computers, food, bags, clothings, arts, travel, leisure etc, we need USA to spend or borrow to spend to keep economies of Japan, China etc growing. Even say all of China's total GDP of US$ 3.5 trillion go to USA will still not enough to satisfy USA's spending needs.
Another factors are USA has total debts of US$ 53 trillion consisting of US$ 11 trillion (foreign debts) and US $ 42 trillion (domestic debts). The USA currency is backed by Federal Reserve backing. So, USA will continue to print currency and incur large debts to fund its consumers' needs. That is why when the money runs out, US$ trillions are needed to boost the jobs and spending.
So, the way I look at it is the world economy will eventually recover very quickly is when USA starts to spend in large quantity again. Most experts predict that it will happen after middle 2009, i.e. from 1 July 2009. We must be optimistic. The moment USA's ecnomy starts to grow again from mid 2009, the whole world will benefit from selling goods and services to biggest consumer in the world. Millions of jobs will be saved from Japan to China to other parts of Asia. Even Australia will benefit as it supplies minerals, iron, coal and alumimium to China and Japan. Certainly, Singapore will also benefit. The USA will fun further into dificit more than US$ 55 trillion of debts and counting and how long more it will last? For several more decades, nobody knows. Just look forward to the day USA's economy recovers and DOW jones go up to above 10,000 pts. The world will benefit quickly and with the internet world, just as quickly it slips down, it will rebound equally if not quicker. Wishing all the investors out there: A Very Healthy, Happy and Prosperous Lunar New Year ahead ! Stay positive....
ya sold all except will keep citi bank for awhile 1st and see.
I just starting CFDs to play and so far in 1 month I have made near 80% profit based on my initial capital of $2500.
Comparing buying and hold which i still lose big time overall. Therefore, as of nw, I will trade very short term using just CFDs.
cheongwee ( Date: 23-Jan-2009 20:04) Posted:
|
Life is short, i believe the day we dies, we didnt even know that we have really lived,,..this crises already taken a few famous billionaire life reported in news..and how many life that go unreported..those not famous.
Those of us in the market deserve lose, but those like the bus driver, factory worker, those innocent gppl who dont buy even own a single stock also got retrench and lose their liveliehood.
Never, never, ever dies for anything, nothing in life is worth dieding for...really...because nothing is forever....
cheongwee ( Date: 23-Jan-2009 19:35) Posted:
|
Personnally think we should stick to our gun..dont panic by expert...market got to go up someday somehow in the future, unless this world end in WW3...I still believe and think crises is long but not that of 1929..but the gold story may play during this period,i am mostly on silver stock ..for STI stock ..only buy solid blues..for me...
My goodness..no CNY rally..and also no DOW Obama mania rally..
Was abt to post this...luckily...CNY save the day for STI...by next week opening trade after CNY..dow may already up..i think tonite another 2 to 3 hundred pts down..
Now wonder gold chiong..safe haven buying..vested,,but little stock mostly blue..
Currently, most trades lose..i think as this crises drag on we better becareful of small and mid cap with high gearing and poor balance sheet...i think better sell and relocate to blues for safety..JMO
freeme ( Date: 23-Jan-2009 18:26) Posted:
|