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AWAKENING OF BEAR

See how tomorrow STI react......

 

Hope nobody has to sell house, sell car, sell daughters to pay for debt after this bear attack.

May all beings be well

 

yea. agree with moneymaking.

4Q of the year is for oil, marine and tech stocks. (nd to be careful choosing the last tho.)

keep calm, people. if you are not on contra/overmargin, you can afford to hold the fundamentally sound stocks. elf is actually on margin, but my lines are liquid enough to afford a 20% drop, and i can still buy in and hold. so no prob. pick your counters well, don't give in to panic. pls do try to avoid the speculatives tho.

cheers and good luck to all. :)

 

Suggest to keep an eye on oil & marine related counter like Tech Oil& Gas and Hiap Seng.

Vested in both counters.

 

Seems like most investors in SJ is prepared for this U-turn, that is wonderful!!!!

Hence, believed most will have the ammo when the price is nicely price.

Any great counters to recommend for stocking up.....

 

Hi henrytan,

my sentiments exactly. i thought this correction is expected. It is such a coincidence that the subprime issue comes at the same time as government's decision to increase DC... haiz...

Hopefully the sun will shine brighter in the coming weeks...

Best luck to everyone!

 

Personally, I feel that there should be a correction for the stock market.

As we can see the STI have been going up without much correction.

In addition due to the impact by Dow Jones, STI willl went down further but fundamentally I feel that the market is still quite sound.

Should not be too panic in selling.

For stock with good fundamantal, should hold on and buy when it is cheap.  But speculative stock without sound fundamental, should try to cut.  These are the kind of stocks that will go up very fast and come down very fast.

 

 

This is seen as a correction due to overheated stock markets in past months. Furthermore, the bad news are coming from US dosmetic affairs and we tend to over react on the bad news.

The trigger point for the bearish market must be very bad new. i.e. terrorist attack similar to 911 event.

Stay cool and invest less for the time being.

 

Bear yawning seems to take another bite of 200 plus points over the Dow. More to come.....

 

How many can take the contrarian view as what you mentioned. Lots of discipline required....

 

It takes nerves of steel to shake off a big stock drop. But the world's best investors not only shake them off - they thrive on them. (Bill Miller: 'I'm always happier at market lows')

They know sell-offs are common, perfectly normal, and even healthy. When stocks go way up in a hurry, their prices become unsustainably high. Only by falling occasionally (and even sharply) in the short run can stocks continue to rise in the long run. Without the agony of today's drop, the ecstasy of tomorrow's good returns becomes impossible.

 

With the bear IN, shortist will be out in full force....

 

Not sure if there will be any cheap buy. It will takes few big bear sessions to drive the prices down OR one one drastic event. E.G. 911 for SIA to go down to 9 SGD.

Let see how it goes tomorrow.  I think it will pull asia down for sure as DOW is down close to 300 points and not the usual 100 pts.

 

KiLrOy...what do u mean when u say can't wait for tomorrow? sounds like u r going in for some cheap buys

 

Can't wait for tomorrow thats all I can say.

 

Still falling ..... tomorrow STI will see RED....

 

DOW is down more than 200 points ....... is it the beginning, seems like it globally.