Straits Times Index   

STI to cross 3000 boosted by long-term investors

Do not be surprisedif instead of getting a red rose tomorrow, you get a green leaf and the red sea is closed. I still have not decided what I will do tomorrow. I might just do nothing - no buy no sell...

 

Well let's see....

 

Reading today's papers and it seems that "the analysts" are at it again - fear of inflation and a rate hike.

 

Well ask yourself which data would you rather see :

1. US economy recovering and growing at 3.4% in second

    quarter and the strongest showing in more than a year giving

    rise to "possible rate hike".

OR

2. US economy going into recession and no fear of rate hike.

Which data will translate to growing company profit?

 

 

 

 

Local Business Times Weekend:

Markets had bounced back after sell-off in Feb too: observers

Back in February, the story was even worse, with the Dow ending down 416 points. But the markets saw a quick recovery in the weeks that followed. Whether observers see Thursday's decline as a sign the economy is poised to take a hit from an unravelling housing market or as merely a hiccup, many say the fundamental economic story didn't change overnight.



But the pullback had been brewing, Mr Massa said. 'It was inevitable.'

Even absent the concerns that clouded the mood on Wall Street on Thursday, the market's rise in the past year dictated investors take a break, said Al Goldman, chief market strategist at A.G. Edwards in St Louis.

In the three weeks before Thursday, the Dow had risen 5 per cent, while the S&P 500 gained 4 per cent and the Nasdaq added 5.7 per cent. 'The basic problem in the market is that we've been up, up and away and needed a correction,' he said. 'This has been a bull market for 57 months.'

But he contends the sell-off was overwrought and that some investors have been waiting on the sidelines for a chance to snatch up some bargains. 'What I saw in the market was panic selling. There were no prisoners taken. Everybody was taken out and shot. I don't think this is going to develop into a 10per cent correction.'

Goldman and other long-time Wall Street players say the global economy remains strong, even as the US economy has slowed.

While it is too soon to tell how Wall Street might reconcile some of its concerns, investors would be well-served, observers say, not to panic and to remember that the markets bounced back after the Feb27 sell-off.

In fact, Goldman sees opportunity. 'The best time to buy stocks is when you're least comfortable buying stocks.' - NYT, AP

 

I read about the A wave, B wave & C wave. Are you guys talking about the Eillot Wave?

 

Livermore... :)


Ah, you got to the point at last...
since you are such a staunch advocate of 'holding for the long term'.

In a downtrend or a bear market, which no one can really predict,
one is forced to agonise over whether to sell off first then buy back later at a lower price...

... And this is what trading is all about !!! ... 

 

I am still thinking of whether to sell off some shares and buy it back at lower price for those I intend to hold for long term

 

Hi victorf, how do you arrive at 21 Jul ? by chart ? by events ?by other reasons ? Thanks

 

I don't believe in trying to time the market. If you miss 1 day from the day market crash, it is still ok. It is not that easy to get a perfect timing that you sell your shares and the next day you get a crash......

 

Just like in history, the red sea will be closed and the journey continues to the "promised land of milk and honey". If you keep the faith on growth stocks with long term potential on this long journey, you shall "bear fruit in abundance".

 

 

We have been long enough in the market to know the cycle in place...for those of you who heeds our advice given in June to sell the share in the week before 21st July, you are smart (proven many times when the downturn occurs within our uncertain period)...for those of you who do not, only 3 rules for you

1. Be disclipline

2. Be disclipline

3. Go back to first rule

Good luck trading :)

 

I try & fish for stocks, & also with hooks @ week-ends, tonight moon is .97: tomorrow & Monday is full moon nights (see NEA web site), so I hope the bears are not out in force hunting. otherwise best we all hide for a day or two.

 

Many bulls will have sleepness nights and nightmares around this full moon period.

Today is a fullmoon puja day-time for meditation .

 

"I think all you really need is some green on the screen and people will want to jump in." 

 

if anyone were to red last night's (Fri) Shin Min Daily chinese newspaper...they got the experts' views...they say around National Day period will be up rally again...then stay low till Sep...it will go up a bull rally again in Oct 

 

Today's Straits Times contains an article (Washington Post?) which would be extremely beneficial to anyone...

It is in the "commentary Section" on page S35 (Money) ...

 

fundamentally, the economy is still sound.  But just sentiment is not very good. for the moment.

 

Finally, the bear is out to eat you up...this is going to hurt many pple. It can be painful to cut loss, but pls do yourself a favor.

Stay calm and make a decision that will benefit you and your $$$.....in market like this, being hopeful will not make you a better trader unless you have deep pocket.

CUT LOSS!!!

 

 

Frankly now is still one of the most exciting times to invest looking at emerging economies with their infrastructure potential and the oil theme.

 

 

 

The closing STI on 5th Mar and today both are at MA89 while their lows are at MA100. Good time to accumulate cos basically the economics is fine.

 

 

I feel one can start to accumulate bit by bit on good value shares. Either you buy now in a staggered way or you prefer the "dust to settle". You can use a combination of both:)