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The credit crunch tsunami ready wrecking havoc in Britain...read

http://www.telegraph.co.uk/money/main.jhtml;jsessionid=XBV5D2AH3XHJZQFIQMGCFFOAVCBQUIV0?xml=/money/2007/09/14/bcnnorth414.xml

More cockroach have yet to crawl out under the fridge...around oct ...u will know...and see claerly.

 

Do you know why px of oil is record high???Supply got no problem...demand remian not so much changes....then why high px???

This is becos ppl perceive with fund rate reduction US$ will weaken...seller will demand higher px...so they rush to buy oil in advance to save money...that is the reason the px soar....if rate reduction continue till end of year and reduce by 1%..by expert analysis..oil px will be $100!!!...rate reduction delay the bitter medicine...they cannot avoid it...they are toasted for sure.

Stock market will crash for sure...that why rate reduction is not necessary good...it do more harm...and they would have to reduce by 1% immediately to be effective...

Two thing will cause market crash...high inflation and high oil px cause by a historical weaken US$...

This will be good fore gold...buy some at least for hedging...

 

minesweeper..i recommend United Gold and General by UOB assesst management..

http://www.uobam.com.sg/uobam/assets/pdfs/fundfact/p_goldgeneral.pdf

This one personnally have vested alot...i bought since 1999...at 0.50 per unit....today it is $1.87.increase 274%!!!...physical gold fr $280 to $700...150%....ie for 1 time increase in physical gold px...the trust went up almost 2 times..

If gold will to really go up to say $2100...the trust will be up 6 times...i leave to u to work out.....

$2100 is just 200%...nothing compare to Capitaland which i bought at  $1.76 and sold at $4.5 during the IR play..captiland is nw 8.0..that is some 350% fr the px i bought...and there are ppl buying.,..so why not gold which is just 200% at a px of $2600...dont say the px is expensive...count percentage not see the figure to be clear!!!

Buy GOLD...

 

You can try GLD 10US$ from STREETTRACKS GOLD SHARES. The ETF is traded in USD.

 

cheongwee , I  have never invested in gold as such... Can you tell me how to invest in gold ? which funds are better suited for this....

 

The FED was created to maintain the stability and value of it currency...The fed should meddle with the market force of supply and demand...let the market decide...then thing would not have been so messy...

Likewise also interest rate shouild also be preferably base on market force no on a few ppl at the CB..

Ppl can make mistake,but market depend on supply and demand...can never be wrong..

Nw the credit crunch can only get worse...wait till the rate reduction induce rally on DOW dies down then will come the greatest finale.....BE CAREFUL....dont be trick into believing it is so simple...even Greenspan did not forsee today turmoil...BUY GOLD...as i was typing this post gold px is 714...............and very soon $1000 soon..buy now till not late...the recession will last at least 3 to 5 yeares...expert forcast px of $1700...but $1000 after oct very likely..................good luck

 

Dow down 81 points now.... :(

 

dow does look bad (retail sales way below forecast, consumers' confidence low n worst still, credit liquidity problem now trave to england......japan also concerned abt usa's economy. Hope dow down by not more than 200, when closes 2morrow.

 

Previous FED chairman Alan Greenspan..overlook this subprime..he know that there are mal practice here...yet he did nothing to stop...

http://biz.yahoo.com/ap/070913/greenspan_mortgages.html?.v=18

So sometime we think they are some smart guy in the FED,no worry,they will alway have something in store for the economy....they do make mistake...they do overlook thing like anybody...so recession risk do exist..and it is more obvious than ever..i believe fed rate cut will not save the world from recession...this time going to be longer than usual....be prepare...be in GOLD..

Alan Greenspan was once ask if he like to be paid in gold or money for his speeches..he chose gold...so why dont you???

Alan Greenspan before he was fed chairman said..without the gold standard there is not way to protect saving from confiscation throught inflation..what he means is thro...printing ton and ton of unback dollar leading to inflation..this what they are doing now...injecting fiat paper currency into the market driving down the value of existing money..

Be in GOLD to protect ourselves...there is nothing compare to it as a perservation of wealth..

 

Up till nw,ppl still confuse...what really matter is the credit crunch that will cause havoc...not the subprime..they are looking at wrong place...when they wake up...recession would have arrived...

 

Bernanke to testify to House panel on Sept 20. Federal Reserve Chairman Ben Bernanke is scheduled to testify before the US House of Representatives' Financial Services Committee on Sept 20 along with Treasury Secretary Henry Paulson, the committee announced on Thursday. The hearing will examine steps President George W Bush proposed in late August intended to help homeowners avoid defaulting on mortgages and 'review other options for assisting homeowners at risk of foreclosure', the committee said in a statement.

 

Market Overview

Market Summary USAAMERICASEUROPEASIACURRENCIES Major Market Indexes Industry Indexes International Indexes Sector Performance Rates DJIA 13,424.88    +133.23    +1.00% Nasdaq 2,601.06    +8.99    +0.35% S&P 500 1,483.95    +12.39    +0.84% Dow Util 495.34    +2.10    +0.43% NYSE 9,678.12    +79.39    +0.83% AMEX 2,322.23    +24.45    +1.06% Russell 2000 780.35    +2.45    +0.31% Semcond 488.18    -2.03    -0.41% Gold future 717.90    -2.80    -0.39% 30-Year Bond 4.74%    +0.06    +1.19% 10-Year Bond 4.48%    +0.07    +1.68%  Market Diaries Issues: NYSE Nasdaq Advancing  1,922  1,502 Declining  1,363  1,459 Unchanged  83  129 Total:  3,368  3,090 Issues at: 52-Week High  39  30 52-Week Low  39  48 Volume: Advancing  909,219,000  946,350,000 Declining  356,760,000  737,770,000 Unchanged  4,802,000  10,702,000 Total:  1,270,781,000  1,694,822,000 9/13/2007 8:00:00 PM Market Screener NYSENASDAQAMEXOTC Most Active by Volume on 9/13/2007 Symbol Last Change Volume CFC 18.93    +2.310 72.98M   IWM 77.69    +0.140 72.39M   F 7.92    +0.420 67.74M   GM 33.29    +3.040 55.27M   ALU 9.16    -0.880 46.55M   GE 40.51    +0.610 44.91M   TWX 19.00    +0.440 37.70M   PFE 24.23    +0.040 31.54M   EMC 19.26    -0.160 29.66M   C 46.36    +0.600 28.84M    Add symbols to My Portfolio More...

 

Positive news from U.S. blue chips helped U.S. markets higher overnight. News that Countrywide Financial has arranged for US$12b in additional borrowing capacity also helped market sentiment. The Dow rose +133.23 points +1.00%), the Nasdaq added +8.99 points (+0.35%) and the S&P500 was up +12.39 points (+0.84%).

 

gd closing...... can STI follow and cheong....

........ DOW positioning itself before the coming FED meeing

 

cheongwee, if oil hits $100 end this year, will spc go up or down? thanks.

 

After the rate reduction rally....next will come the high px of oil...i think oil will hit $100 end of year..this is one thing fed got no control over..

http://money.cnn.com/2007/09/13/news/economy/recession_risks/index.htm?postversion=2007091311

High oil px is bad for stock...sell to strength and buy gold.

 

Yeah.

Symbol Value 11:09 13 Sep Level Change DJI $ 13,415.94 +124.29 (+0.94%)

1 Day (1 mins)1 Day (5 mins)1 Week (Daily)Month1 Quarter (Daily)1 Year (Daily)

Today's Open High Low 13,292.38 13,427.24 13,292.38

 

keep it going ...and have a gd closing....

 

DOW UP 83 pts !!!!!!!!!!!!!

 

Wonder how will Dow be trading tonight...and the Jobless Claim report impact on Dow... Anyone?

Cheers,
ttman