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One more:
The only reliable indicator now is news release. Good news go long, bad news go short...
OK, after two weeks of close monitoring, me have come to the following conclusion:
1. When market is rule by sentiments, FA and TA are completely importent and useless.
2. Stocks priced below NTA and with good fundamentals are able to withstand better in such situation.
Any other observations and conclusions welcome.....
Market is so quiet now... you can hear a pin drop!
Like i said yesterday, STI will decouple from DOW as investors realise the extend of sub-prime has little effect on companies here. It is only the sentiment that drive investors away. Cheong AH!!!!!!
Not too bad, STI improving now. We must rally must have pride in our homeland!!
So another blood bath in the making is it? When can Spore stand up against such onslaught? Our banks are ok, our property booming, our companies are returning well... only our minds are not!!!
Let us not be led by our noses shall we? No man is an island, unity is one!!
Lausk22...
I since I had always treated the stock market as a beastly monster...
I very easily dump my 'bad goods' and head for the exit whenever something is not right...
Thus, although I also lose money too like many people, I am not so badly hurt...
This bear market affects everyone... worrying won't nake things better...
DOW still down by over 120 pts. Will tomorrow become a NickyNg's favourite day?
In the face of uncertainty
in the mid-term, perhaps cash is
.
mani...my pal.....;)
U wondered why I can still remain humourous under current circumstances...Well .....
Many people view the sub-prime as the primary or real cause for the current market woes. However, it has actually been over-ridden by the Fear Factor, causing irrational sentiments and unnecessary losses.
Life is now and a journey into the future. Life is short. It makes no sense to wallow in sorrow. What is Lost is Lost! There is always a need to transcend negative sentiments, move on and live with the hope for a better tomorrow. Otherwise, we will always be unhappy. Then, what is the point of Living!
Some may say ? ?Come On ? Get Real! You mean we don?t feel the real pain from the losses? But what is Real today may not be Relevant tomorrow! You may wish to Think about this.
would rather be wrong, manikam (i dowan my money to go! :P)....altho as we speak, the dow is down 78 pts. be careful of break below 13,100. that's not a support level but a psychological pt. the level to be careful of: 13,000. actual short term support is 13,200.
Will the roar of the "
CHEONG ARHHH!" brigade be back?...
The return of the pennis. Ops! sorry, should be pennies. (correct hor- do pardon me.)
Today pennies lead STI. Let the pennies lead the Dow. (talk nonsense.) O.k. see tonight Dow up or not.
My dear
Elfin...
:)Superb articulation by a rational mind !!!...
And that's what I call a "value-added post" ...
Hey, I'll need to prepare a more prestigious 'badge' for presenting you !
There are mix views in the market about the subprime problem.
Some say its not that bad, some say the worst has yet to come.
Check this link:
Julian Jessop of Capital Economics tells why there is no reason for shareholders to be alarmed in today's market.
http://www.cnn.com/video/player/player.html?url=/video/business/2007/08/14/intv.global.markets.jessop.cnn&source=money
Easier to find this article on google search engine.
US hedge funds face D day crisis
The USA economic expansion is based on debt.
Tomorrow is the last day for filing for redemption of debt from the hedge funds .It takes 45 days to get your money back.
For further details read busness.scotsman.co
You must be in a coma if you allow these clowns to trade for you during this period of tightening credit.
still think that the market is on downtrend. or at least, the charts say so.
and well, if banks have been injecting so much money, and the subprime really is that 'small' a problem (which reports said the selling was way overdone?), then why is it that injections of hundreds of billions of dollars doesn't spike up the market, but it's just gently losing ground instead?
besides, see where all the analysts are from. citibank, goldman sachs, merril lynch, etc. they need to sell their stocks. it's the old problem of vested interests. after all, if they don't issue buy calls, who will buy when they want to sell?
excuse the cynic in me speaking....
To be fair to non-technicians...
No one really knows what will happen tomorrow...
Even with the moon phase in it's favour the market is anaemic.(Ghost month)
Smart money selling into strength and not buying on weakness
It is not pessimism as such...
Those who subscribe religiously to the rudiments of TA will understand why a trend once started tends to continue...
