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i reckon it going to close 50 pts down today....and tmr will be a better day for STI
What the selling pressure is due to TSUNAMI?!?!?
wow this is the first time i have come across selling pressure due to TSUNAMI lol
Goldman
Joined: 26 Apr 2006
Posts: 191
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 Posted: Thu Jul 26, 2007 2:59 pm Post subject: REASONS FOR SUDDEN SELLDOWN |
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| Sudden selling pressure cause by Indonesia issuing a tsunami alert because of earthquake in Sulawesi around 1pm, but now alert called off.Those selling will pui pui later on.. hee hee. |
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Markets do not need a reason to go either way-if you need a reason in an illogical game the full moon around the corner is as good as any-heard of random walk? or manic depressive psychosis?
57 pts down...
STI down 52 points...MAYDAY MAYDAY!!!!
ITs a day to pick up some undervalue stock...
no specific news it seem at this moment to trigger off the sell-down...so it must be some really big players out there to unsettle the demand and supply towards their gain...the weaker players squeezed out..creating cheaper buys
Sometimes we need to admire the guy who first started the balling falling that can make so many ppl follow. Newbies must learn from these two lessons to be steady next time. Probably an expensive lesson for them but it'll temper you for future endeavours. Good luck
i can see the BIG selldown actually lasted for only a short span of minutes...guess people really learn from their lessons last week...for the counters I am monitoring now...can see it recover after the short time span of dip
Hahaha.. toink toink bouncing back again....
gosh...another minor correction in the afternoon...its simply like last week...can't ppl learn their lessons...so what's the news this time? what i heard from an expert at noon time is that the STI will be having a mini correction today...and should recover up tomorrow...darnz...wonder how he could had predicted such
Oh no... The sky is falling... run run run...
Those who still have money on hand poise for picking up. Like on 18th last week. Not for the weak hearted. For newbies dont't Short or u get burnt.
not a good sign....
why a sudden big fall???
Market is aimless..... ZZZZZZZzzzzzzzzzzzzzzzzzz
The following latest news to affect STI:
China's economy set to grow 11.2 percent this year: IMF
China's
economy is set to expand 11.2 percent this year and become the largest
driver of world growth, the International Monetary Fund said Wednesday
as part of a revised global outlook.
The IMF raised its 2007 forecast a hefty 1.2 percentage points from its World Economic Outlook published in April.
The pace of growth in China was expected to moderate to 10.5 percent in
2008, but higher by 1.0 point than the April forecast, the IMF said.China provides one quarter of the annual growth rate of the world
economy, Collyns said. The Asian powerhouse, combined with the other
leading emerging market economies of India and Russia, would account
for half the growthIMF hikes outlook for world economic growth to 5.2 percent
The
International Monetary Fund on Wednesday raised its world economic
growth forecast for 2007 and 2008 to 5.2 percent, from 4.9 percent, led
by robust expansion in China, India and Russia.
"The global economy continued to expand at a brisk pace in the first
half of 2007," the IMF said, in a revision of its World Economic
Outlook (WEO) published in April.
"The major upward revisions have been for emerging market and
developing countries, with growth projections substantially marked up
for China, India and Russia," the IMF said in a statement."Although growth in the United States slowed in the first quarter,
recent indicators suggest that the economy regained momentum in the
second quarter," the Washington-based financial institution said,
predicting a "return to potential by mid-2008." Downside risks to the favorable outlook remain modest, with inflation
"generally well contained," despite rising oil and food prices, the IMF
said.
simple, u can see how many china counter is there in SGX? they can help as buffer when china market goes up while dow goes down..
Yesterday dow -200+ and 2day since start, nikkei -140+ & hang seng -100+ but singapore seem not affected that badly. Any one can explain ?
Be prepare for the coaster roller ride...Up, Up, Down down and up again..Volatile week.
9:50am: Stocks rebound, after sharp drop in previous session, on Amazon, Boeing earnings. (more)
