Straits Times Index   

STI to cross 3000 boosted by long-term investors

NIKKEI 17,942.63 -123.48 -0.68%
HANG SENG opens at 9:00pm ET 06/26 Check Other World Markets 8:15 PM ET 06/26/07
STI will trade slightly downward & stay flat.

DOW -14.39 13,337.66 -0.11%

NASDAQ -2.92 2,574.16 -0.11%

S & P 500 -4.85

 

Galileo... :)

Good reply...

In the stock market, risk applies to everyone...

Short-term investors (aka traders and punters) take on less risk,

Long-term investors take on greater risk.

But to agree on the above statements, one must first agree

that the stock market is a precarious place for everyone, without exception...  

 

Manikamaniko:

per last night's comment, I agree maybe everybody looses, I'm only a newbee learning but if everything slides, it status quo, sell cheaper buy cheap, to me it really depends if your vested is showing red or green ink, I'm personally @ this time still showing all green, so I'll hang in. If you happen to be in transit i.e. have cash in hand yes very good timing.  

any more senior comments ?.

 

Really hope to see some positive signs today. Has been quite bloody for the passed couple of days.

 

Will STI recover today? Dow was slightly down last night

 

IMF: Global Growth Stronger Than Thought In April
The world economy is doing better than the International Monetary Fund previously thought, IMF Chief Economist Simon Johnson said Tuesday.

26 June 2007

FRANKFURT (Dow Jones)--The world economy is doing better than the International Monetary Fund previously thought, IMF Chief Economist Simon Johnson said Tuesday. Speaking to a small group of journalists in Frankfurt, Johnson said that "global growth is stronger now than the IMF thought in April." In April, the IMF's "World Economic Outlook" forecasted global gross domestic product growth of 4.9% for 2007, following 5.4% growth in 2006. "Especially Europe and the emerging markets economies are doing better than we thought in April," Johnson said. Stronger growth there is partly offset by U.S. economic growth that is somewhat slower than the IMF expected in the spring. However, Johnson remained optimistic about the outlook for the U.S. economy for the rest of this year, saying he sees a more dynamic development in the second half of the year. In the first quarter, the U.S. economy grew at an annualized rate of 0.6%. "I expect a rebound of growth in the third and forth quarter," the IMF chief economist said. Against this background and because of ongoing upward risks to prices in the U.S., "only very few people currently think that the Federal Reserve will lower interest rates for the time being," Johnson said.

Inflationary Risks Remain

While Johnson remained upbeat about the world economy in general, he warned that there are some risks. "Especially global inflationary pressures are risks for the economy", Johnson said. Currently, upward pressures on consumer prices stem from food prices, the IMF chief economist said. Nevertheless, inflation is "still low" on a global scale, he said. In its last World Economic Outlook, the IMF forecast consumer prices to rise on average 1.8% in 2007 in the advanced industrial countries, and 5.4% in the emerging markets and developing countries. Turning to developments in the euro zone, Johnson said that the good economic performance is no big surprise. "Recently we had some good figures in the euro zone and growth seems to be stronger than we thought," Johnson said. Johnson indicated the IMF may revise up its current 2.3% growth forecast for 2007 for the euro zone. With growth in the euro zone around or above potential rate and inflation risks looming, Johnson said he agreed with the current stance of the European Central Bank. "The ECB's policy is consistent with the robust euro-zone growth," he said. However, he refrained from qualifying the ECB's stance as neutral. The ECB has increased its key refinancing rate eight times since embarking on its current rate hiking cycle in December 2005. The ECB's key interest rate currently stands at 4.00%, with most analysts expecting one or even two more 25 basis point rate hikes within the current cycle. Speaking about the euro's exchange rate, Johnson said the common currency is "fairly valued" on a trade weighted basis. At 0927 GMT, the euro was trading at $1.3443, down slightly from $1.3467 late Monday in New York trading, according to EBS.

 

I like to ask one question.. if the data are not so good for the US econs, doesnt it means FED wont raise the Interest and isnt it a good news ppl want? 

 

paiseh.. see wrong chart.. always forgot to adjust back to slide bar .. paiseh... the correction on feb goes below the RSI of 50. else if it bounce up again, than it will be a bullish sign. 

 

yes it may but got a real bad news.. sTI broke the RSI support of 50 for 1st time since more than a year? dun really look good. better play safe..

 

STI almost reaches the lower B Band as usual, so the drop may at most last another day.

 

Galileo...

Why the discrimination? ... ie.Why only sad punters??? ...

What about the investors?...

I thought a market fall affects everyone?

(more accuracy, please)...
 

 

Not wishing to dis-agree with Senior comments below, but my other hobby is fishing: so full moon is on 30th June from 7.pm to 6.30 am so that will catch the DOW nicely. New moon is 15th July. I hope the red ink has run out by then, otherwise many sad punters in the world. Happy fishing for stocks or what ever you are trying to catch. 

 

 

I really enjoy posts from you guys.

Looks like we won't see many girls in ultra short skirts this few days?
 

 

newmoon comes out only during market crashes to expouse his wisdom...  

 

so the stocks will revive on 28 June ....huh? geeZ*

 

Hi Newmoon... :)

Good to hear you again...

This is a superb post....

didn't know you can even speak Buddha's language...  

 

Full moon on 28/06/07-no need to panic only big correction that looks like a bear market.

Quotes of the Day by Aristotle Onassis :

1.At a certain point money is meaningless.It ceases to be the goal.

The game is what counts.

2.I have no friends or enemies only competitors.

3.If women did not exist all the money would be meaningless

4We must free ourselves of the hope that the market like waves will ever rest.

We must learn to sail in high winds.

Quote from Zen teaching-in order to be enlightened we must be free from greed,hatred and delusion- the stock market is all about greed and leads to heedlessnes.

The Buddha said"Appamado macunno padam-Heedlessnes is the way to death"





 

 

 

 

 

hahaha...

Incidentally, my favourite movie/novel happens to be "The 8 Immortals" (ba hsien guo hai)

By the way, the stock market really looks sickly again now...  

 

I suspect Newmoon is an immortal that came to SJ to assist all the punters.....