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Yeah...Pang Kang liao...with better profits than i expect after clearing all my positions in the market.
Time for Hunting
Good Luck all.
STI on Friday lao sai until cannot ta han, so he goes to see the FED. FED shakes his and say, die liao, must give rate cut. STI takes the rate cut and now he is fine, but will he overeat his grass again?
We'll see later.
Yen on the rise. BOJ will try to keep Yen steady.......
Can anyone has..or say we got what we has....financial muscle strength by pumping many billion into bank, lower interest rate and so on....to ride out over this dark cloud hanging all over this world is trying to bufff......and trying to ensure ppl's all over that this storm will blow over....come on, of course. We will not before riding into stage 3.
We are facing at the word,
confidence right in our own face and in our sub-conscious mind.
scary
1st credit issue, then credit squeeze
, next credit crunches
, what next ?, credit melt down.
Cash is king....Hmm
SINGAPORE, Aug 19 (Reuters) - Singapore's prime minister said on Sunday that the government was keeping an eye on turbulent markets because the trade-dependent city-state's economy could be hit by worsening consumer confidence in the United States.
"Recently, global financial markets have been turbulent. Singapore's stock market has declined quite a bit... We are monitoring the market closely," Prime Minister Lee Hsien Loong said in a speech on state television to mark the city-state's national day.
Uncertainty over the fallout of U.S. subprime mortgages and investor fears of tighter credit supply have roiled financial markets around the world in the past two weeks.
Lee said he was not sure about the effects of the decline in stock markets.
"If this decline has weakened the American consumers then the economies in Asia and Singapore will be affected. But I believe that the economic foundations for Asia and Singapore remain strong. This is not a financial crisis in Asia, this is a crisis in the advanced countries which has affected us," he said.
Asian stock market fell sharply on Friday with Singapore shares diving as much as 6 percent in their sharpest one-day fall since Sept. 12, 2001.
Hi to all and to Elfi & livermore,
Stage 1 and 2 is history, now into stage 3 and everyone, everybody is try to stop at and prevent it from further erosion by rerecting and so on..... EG: like painting a optimistic picture that we has solid sound finances, mind U before we can said these.
We all has to ride through and out of this stage 3 1st. Stage 4 (no way to reach stage 4) and Stage 5...Err....is there a stage 5 ??..Ans is yes.
* Alert Admin |
Sell into strength...Sub-prime woes is spreading into US housing woes payment scheme, cutting deeper into US economy and pushing further US to test it recession as FED ponder on how to save...this credit crunches from melting away. (Setting stage 3 into turmmoil)
For a start FED cuts discount rate on loan to banks. What next...a interest cut...? mop up those bad mortgagers loan...? and "lei long" them..? Was wondering Ex-FED chief kept increasing rate to pop-up the economy w/o knowing bad load kept increasing...and now FED chief headache in trying to contain the damaged done. (Ben is bang on saving US economy by making policy U turn).
1st was credit issue, then credit squeeze, next credit crunches, what next ?, credit melt down.
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I do agree it is anybody's guess. Let's not read too much into the national day speech RALLY. Diversification does not guarantee success. We are still very much dependent on US, China, India, Europe and Japan. So, if the world economy slows down, we are in for it as well.
4-6% growth is dependent on everything staying the way it is of now.
Whether or not, next 10 years growth will be a matter for conjecture.
As you might have heard during the National Day Rally speech, 4-6% growth is expected in the next 10 years. I believe why the government is so confident is because Singapore has diversified its economy. In the past we were dependent on US.
A south east Asia trading guru said in a investment conference that what scary is not a falling market but soaring one. Recently attended an investment talk, another stock veteran also emphasis same statement. Market does not repeat itself, every transition has little difference here and there which we are not able to find the clue. What repeats is human behavior. Yes, there is no magic, every magic follows logic behind. Knowing whether one is speculator, short-term or long-term player (I mean, be honest to yourself, not swing between 3 because of market tide), then trading strategy could be quiet clear.
I hope MM is right that the financial woes will soon be over. Certain percentage of stock in the market is controlled by fund manager, they can overturn the whole stock market anytime and wipe of trillion of dollars from the market. I hope there are some legislation to control the manipulation of stock market by those non ethical fund manager.
Hi, Victorf, Am a new BJ member. Can share where to view your column? Tks.
Well, good luck to those brave hearts out there willing to pump more money into the market.
Things have probably turned a bit risky, upside potential limited and the downside risk a lot more. Just thread cautiously and wait for a clearer picture from the US Sub Prime mortgage. Nobody even knows how big the impact is from the looks of things.
We have got another big bad news coming along: YEN Carry trade. Emerging markets, aust and NZ borrowing cheaply from YEN denominated loan and investing in higher yielding instruments. YEN has appreciated and Interested rate in Japan has gone higher over the weekend.
This will create some panic in the markets. Let's see what happens.
Hope it is not the end of the economic cycle where we go into a slow down in world economy.
Elfin is perfectly right again... :),
Yes, at every point
of the market, whether it is now, at the peak of the bull, or
at any other time, the dangers and threats are the exactly the same...
ie. no one can tell where the market will move next, as those who have lost heavily in the past three weeks can vouch ...
The market is such... all are just bets, you see... 
just to correct my understanding .... isn't our MM a consultant,or a member(?) with Morgan Stanley or Goldman Sach or something , rubbing shoulders with 'The Boys'....?
our MM is too optimistic liao.....after weeks..if not mths this finacnial woes will go away??....wow....
Hi Teeth53,
From your comments below "Was wondering Ex-FED chief kept increasing (should be decreasing) rate to pop-up the economy w/o knowing bad load kept increasing...and now FED chief headache in trying to contain the damaged done. Ben is bang on saving US economy by making policy U turn."
You share the same thoughts as me. Someone is very quiet
If anyone, everyone do that, got profit take some and always leave some for other, that will be nice, he!he!, as always mentioned in this forum...to those brave heart traders. happy trading ya!
haha, yep teeth53, agreed. if one doesn't play the markets now, one does not gain, yes, but one also does not lose.
