
Welcome newbies & beginners, after all this while of encouragements & supports I really appreciate the jokes u all shared with me, the unconditional jokes that brings so much colors into my humble life. To show my deep down sincere gratitude to newbies who gave me a chance to stand on this platform, I shall delicate a music deep down from the bottom of my heart specially for u......
When the market is high
Newbie welcome of market highs
Buying and buying at all time highs
Looking up and ignore the physics of gravitation high
Sophomore contrarian delude the definition btw lows & highs
Dream of a millionaire in an exuberance high
Holding on to a penny as it is a dollar
Who think that it will come and go in a flash?
Thinking that the bull reversal was only yesterday
The race has only started
Dark clouds hovering above the sky
What the heck it will pass like ever before
Standing on the edge of the cliff I bear the risk
Thought the bull was only yesterday
Sincerely yours from the bottom of my heart
WT with full of love
Quote of the Day;
President Bush "I think we should crack down on predatory bank lending"
For those wish for the coming of the fullmoon
When the market is down
Many doomsayers will be around
They will talk about the lowdown -
The bear will beat the bull in the showdown
Predict the markets will meltdown
All stock prices will comedown
Rumour that broking firms will clampdown
Profits of companies will slowdown
The world economy will breakdown
Protectionism will be the talk-of-the-town
People spending will be cutdown
Bullish talks will get the thumbs-down
Now, how do all these sound?
Sound rather familiar, right Now?
When the market has a turnaround
No doomsayers will be around
As they know they will sound unsound
These same people will talk about boomtown
The bull will beat the bear hands down
Predict the market will break new ground
All stock prices will not comedown
Even penny stocks will go up by leaps and bounds
Where buying opportunities are easily found
Rumour of mergers and acquisitions are around
Companies will give bonuses and dividends abound
Making monies is like picking them from the ground
Surely this second stanza will be a more welcome sound
Want to hear more - please stay around at this SJ ground
Skeletons falling out of european bank's cupboards.
Bank Paribas(largest french bank) has frozen 3 funds related to subprime mortgages.
Last week it said that it's exposure was negligible but now it is 800 million euros.
Sure hope that asian financial centres have no skeletons in their cupboards.
The housing woes and credit crunch have not been addresed by the fed.What did you expect them to do-create another bubble of what?
Bear Stearns sub prime hedge funds filed for bankruptcy in Cayman islands making it difficult for investors to sue them-10th largest bank in USA- behaving like crooks.
The dow rose only in the last hour of trading after losing all it's early gains last night-some kind of manipulation by the price protection team?
Cisco cannot save the housing market which are highly leveraged in most developed countries -it only gave an excuse to bulls to improve sentiment.
The Aroon indicators world wide are negative except for China and India.
10 years ago the bear market started in south east asia in July 1997.It was not too late to sell in early august.
The years ending in 07 give negative returns(victor niederhoffer in practical speculation) -especially 1987 and 1997. History may not repeat itself but it often rhymes
I think this rally is a B wave and the bear market has already started.
If a recssion begins protectionist measures will start-China threatening to sell USA bonds if
trade barriers against chinese goods are passed in congress.
UP 111 points as expected...well done :)
I feel today good market are coupled by the following:
- major drop for the past 2 weeks giving excellence low pricing for most of blue chip stocks, good news from Fed on maintain interest rate and the usual NDP rally.
Was having good feeling today will be a good day, but did not expect to have such strong buy. Anyway, did make some kopi $$ and offload. Effects from subprime still linger
What do the rest think?
Sub prime loan crises may affect some Chinese banks
Updated: 2007-08-08 14:39
The latest US sub prime loan crises didn't render Chinese banks safe. A US report said Chinese financial institutions had bought US$107.5 billion worth of US mortgage securities by the end of June last year, accounting for 47.6 percent of similar investments amongst Asian countries.
And a part of those may be the highly risky sub prime loan securities, the Shanghai-based Oriental Morning Post quoted an industry insider as saying today..........
STI resistances and supports
Resistance: 3465, 3500, 3550, 3580, 3600, 3615
Support: 3400, 3350, 3300, 3280
Not bad...market is positive-biased today and up above 90 points now as expected by us in the morning :) cheers for those with holding power but still not advise for contra



