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AWAKENING OF BEAR

It is being focussed on what you buy although bad sentiments  makes the "bumpy ride " uphill. Singtel has kept going up despite market turbulence.

 

The BEAR is out, everywhere see RED, bleeding badly expected on Monday....

 

Hey Vic,

You are back??? Great.

Would like to hear your opinion. Recently read on newspaper that UK experience similar property issue as that in US. Property price escalate drastically over the years with loan given out easily as property is used as collateral.Do you think this will further worsen the situation we are experiencing now???? Remind me of the similarity to the bubble build up in the stockmarket.

Seems like all the worm is slowly creeping out of the can.

PS: Nice to have you back. Cheers!!! 

 

 

winsotkl,

Unfortunately, we need Dow to fall quickly to 12600 and that would marked the 10% correction which is extremely meaningful for any major run up in the next 6mths. Dow Jones transports drop is fall less than Dow which shows clearly that the real goods and service market ie the real economy is still doing well.

When the calm is restored after the financial institutions write off & make all the provisions for subprime.... they are back to square one from a balance and P&L sheet. Then the 3rd and 4th quarter of financial institutions will be ok. US and European financial institutions tend to wipe clean the slates very quickly unlike Asian counterparts that tend to want to sugar coat numbers & hope for the best. That's why the Asian financial crisis was so terrible 10yrs ago. So much hiding & non-provisioning. So all these provisioning is simple nerve raking to many who haven't see large drops like this since the dot com burst or the some of the really major corrections on the way up to the peak of the dot.com bubble.

 

Sea of red, with blue chips and speculative counter badly hit. Presently, the unknown factors as to what is the extent of subprime impact and credit issue is hanging heavily on all investors head. Doubt that this will be resolved in the near short term. Worse, worry that this is just the beginning and might snowball into other areas......Financial is one of the likely candidates and this itself will definitely shake the foundation for investment in the near future.

Do trade with care!!!!

 

Dow is down with another 150 points.... another BEAR day?????

 

BEAR is running wildly across the markets. Awake from hybernation.

 

globally RED

 

Is the Bear awakening, all the stock indices fall drastically across Globally.....

 

In stock there is always Up or Down, hence, when the going is good, it paid to be cautious.....

WHY then, there is a term known as "Bear Trap"....

 

The bulls at CNA forum are having  bears sauteed in onions for dinner... hahaha   

 

now read this ..it will calm you a little...

http://money.cnn.com/2007/07/30/markets/sloan_drop.fortune/index.htm?postversion=2007073010

 

 

all on the dow will report good profit except for housing related counter...becos of the cheap dollar...we shall see...no worries...but my heart is with those who bail out and got burn...hope they are not so bad....god bless.

 

Bear has been tamed.........quite on the contrary.

 

Hi Elf,

Good to know you are on margin!

 

 

I meant I would not.....

 

I would listen to such comments as they are generally  too vague.

 

From Yahoo! Finance 

Sunday July 29, 2:06 PM

Analysts see choppy market waters but no systemic crash

The recent turbulence on world markets, sparked by fears of a global credit crunch, heralds some rough sailing ahead for investors rather than a systemic financial meltdown, analysts say.

But analysts remain optimistic. For Mathilde Lemoine, chief economist at the HSBC bank, the housing and credit crises in the United States are "rather localised" and are not likely to spread throughout the global financial system -- even if they do trigger a downturn in US consumer spending.

"A rising market that goes on for several years is not unusual," said Arthur van Slooten, a market strategist at Societe Generale.

"There have been at least eight periods like that in the past 100 years," he said. At current levels share prices do not appear to be "extreme", he added.

The correction that set in last week, he said, was "salutory," given that world economic prospects remain positive.

The International Monetary Fund has just raised its global growth forecast, thanks largely to the performance of emerging market countries such as China. The IMF now sees world economic momentum of 5.2 percent this year and next.

And while the US economy is encountering difficulties now, "forward-looking indicators continue to point to a pickup over the next several months," he predicted.

Mathilde Lemoine at HSBC said investors have reacted calmly to the slowdown in the United Sates given that growth remains healthy in Asia and Europe.

She foresees stability returning to stock market indices by the end of the year, interrupted now and again by "rude but passing" corrections.

 

previously saw the news article by The New Paper on the guy who got badly burnt in shares during the Feb correction...hopefully this time the jialatness didn't get anyone to appear on the newspapers...selling cars, apartments...the market is down now...but not forever...it will rise

 

thopu fri is heavy red, but i see accumulation going on on some counters with good fundemental..