Post Reply
67101-67120 of 69565
The dow B wave was feeble and the dow is testing the first bottom 13150.
Bernanke has to cut interest rate this weekend or on monday to prevent a recession.( before the fed meeting on tuesday).Greenspan cut interest rate by 1% at lunchtime before the fed meeting when the nasdaq collapsed in year 2000 and the nasdaq rallied a 1000 points catching many short sellers by surprise.That however did not prevent the nasdaq from collapsing but created a property bubble
I think Bernanke will bow to political pressure to save the housing market and banks and in the
meantime create a bigger bubble and postpone a recession.If the business cycle is allowed to run it's course a recession is inevitable
In Singapore if this correction leads to a full blown bear market the property market will start to deteriorate after 6 to 12 months.
Hi all, Just a gentle reminder.
Don't tread today market as cheongg..., is so much diffirent from yesterday market co's one big, very big problem will not go away anytime, not even into near future. 
* Alert Admin |
 What has been preaching in US Amerian for a long, long times...eszi credit, housing woes, Sub prime woes , buying expensive items..and don know how pay back, or don know how to solve their own problems, now they are bring here to preach to the young, starting with Eszi Credit w/o earn income S$500/- only. Just sharing my tot. 
| |
About this Sub-Prime US 100 billion. 1st US, then Australia, a few hedge funds, (DBS, UOB and OCBC) and now German bank...S$7 billion and still counting...
|
Whether is US 100 or US 340 bil. Next on the list is.....Japanese bank exposure is S$12 billion in sub-prime securties. good news is that Sigapore bank exposure to sun-prime is small, is manageable..hmm
Yet a new head line said on today Straits Times (Sat) Aug 4, 2007. Three (3) local big banks urged by Monetary Authority of Singapore (MAS): Monitor US credit woes, take appropriate action.
All this 3 banks will come under selling pressure and is enough to cause STI to ink red, however other like SPC, SPH, Singtel will turn green.
|
Come this Monday is going to be another bloodshed day for many. For those who have jump back to the market in the past days, this is going to be a long haul correction. Believe in your judement that biz fundemental which you have placed your hard earned $ still remain strong. The storm will surely end someday. Hopefully petty soon!!!!
Good Luck!
Buy Put Warrant on Monday~!
dow -281 points. s&p and nasdaq are even worst, -2.6% . my opinion, dont rush to purchase anything yet, we all know cheap stock can get even really cheaper until u wont believe. i post below warning from a brokerage firm. i believe today down will cause a lot of margin call and force selling next week.
Dear Clients,
Markets continue to be volatile. Pls hold back purchases till the market direction is clearer.
I believe margin calls would come in over the next few days and if these margin calls are NOT filled, force-selling will ensue which will cause further downside pressure.
Informatively, the margin calls at Phillip is so high that the margin staff have initiated new procedures to ease their workload. Do take note of the implication of this statement. (ie overworked margin staff = a lot of margin calls)
Personally, I have continued to trim my portfolio on market rebound and have further hedged the remainder with an STI PUT Warrant.
Phillip Securities Pte Ltd
the dollar weaken...will cause the px of crude oil to rise...remember oil is in US$..u still think of buying...yes..who dont know stock will go up again...but this will take 10 years if the world is set in recession..cause by US.
Good DOW down again. Can buy again on Mon. Slowly loading up for year end rally. Hoping to earn another few 100ks like the last time.
I think the bubble having a slow deflation provides a soft landing. Its better than having an overnite crash. I wonder if history can be broken by indices losing huge points over a period of time, a nasty bear, rather than an outright crash. Will be interesting to see how things develop.
Dow opens weak again. Now down 100 points.
It will take some time for confidence to get back into the market. Hopefully the coming NDP will help.
STI staying stagnant for the past few days even with Dow Jones heading up by 100pts. Guess lots of investors are staying sideline. With the Hugh dip a couple of days ago, many are still licking their wound. Its time to stay cautious. Wait for the tide to be over before it can paddle up again?..
About this Sub-Prime US 100 billion. 1st US, then Australia, a few hedge funds, (DBS, UOB and OCBC) and now German bank...S$7 billion and still counting...
Don't tread today market as cheongg..., is so much diffirent from yesterday market co's one big, very big problem will not go away anytime, not even into near future.
US subprime mortgage housing woes is going to arrive at our shore. Ripple effect on STI market and also on world economic.
However is all depend on how well Regional bourses will want to see it as US problem or East Asia problem !!!.
Meanwhile, wish every can be a winners. Ya !!. Trade with care..
Subprime woes will not go away, not now and into near future as it has long know fact that they are unable to pay their US housing mortgage loan as property price fall and oil price contiune to rise to new high, yen interest rate increasing from zero to a low (
control) interest rate. This has ripple effect on Australia Macrique..bank and a few hedge fund, lastest news is may cost a German bank up to S$7 billion or 3.5 billion euro dollars exposure to the troubled US Sub-Prime mortgage market.
STI Market will have to factor in those above news and look to East Asia Regional bourses for direction and pick on certain fundametal good earning stock that give reasonable return over certain term, as more or less profitable stocks is been introduce into sgx for listing
Stocks await jobs report
7:18am: Futures point to mixed opening ahead of key employment report; mortgage lender American Home to close. (more)
There doesn't appeat to be any justification for an upbeat mood to dominate in the markets right now.
Perhaps things will get even worse than now...
Internal sentiment needs more than small rebounds to build up...
I am still grim about the market/s...
Subprime woes are largely discounted by now.
STI is waiting for a super cheap sale -A wave without a B wave and straight to C wave? unlikely but anything is possible in a panic.The market has only lost 250 points. Imagine what the trauma would be if it dropped another 400 points to 3000 points.
For your info: Subprime fund housing mortgage loans is a small portion of the entire mortgage community and usually don't get involved eith bank, is with other like mutual funded companies and finance companies.
DBS has about S$1 billion, UOB - S$600 million and OCBC - S$500 million with loan to them. Thus this has concern for today selling down and also from d\ammpening property stocks.
However some stock is still on some BBs radar screen mainly on bargain hunting...Thus one can see selectively some stocks is very stable even when mkt sentiment turn snoopyand very uncertain.
Just sharing my tot.
It seems strange to me that everyone wanted to buy after a major correction and was looking forward to it bemoaning the fact that whatever they sold they could not buy back.
Now when it has happened nobody has the courage to buy the cheap sale.
The mania of crowd behaviour is most interesting.
forceselling over but margin have not
Tonight 20:30H. Enjoy the NFP. See DOW and currencies pump up and down for 1/2 hour. Its a once a month thingy.
There is no certainty except death.
Forced selling of small caps almost over.
Buy only index stocks for a rebound.
When the charts say buy you sell and buy when it says sell in a volatile market-how else couldyou have caught 200 points upside of the dow in the last hour of trading on 1/08/07
market still uncertain to us...have to observe a couple more days for a call...however, ignore the flunctuation for good stocks if you have holding power...good luck
