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I think if this crisis is over, the next one will be china bubble burst. sooner or later it will happen, just hoping that it will be after Olym08... 
I certainly hope that I can depend on dividends for my daily living when I retired. But not very likely unless I hold maybe 5% stake in high dividend paying company. hee..
Pinnacle, hahaha, Yes la, u r working when invest in stock market.. y? some of your counters will pay dividends, some dividends are taxable, so you pay tax as your income.at source.. btw it is good to work if we could on some simple tasks. stock market is not simple right?
Singapore will raise the retirement age for its citizens to 65 from 62 by 2012 and eventually to 67 to account for the higher life expectancy of its ageing population, its prime minister said on Sunday.
So can I consider working if I stay active in the stock market until 65? Haha..
3310 will be a small resistance (so about 180 pts to be increased), then drop to 3200 and then up to 3490 (upward wave B of bear).
Morgan Stanley
Asia Pacific Strategy Start Buying Asia
Conclusions: The MSCI Asia-Pacific ex-Japan index has declined by 17.5% from its recent peak, all but making this the deepest bull market correction in the region in 20 years. Sentiment has turned sharply negative. Valuation has improved dramatically to moderately positive levels. In our view, earnings momentum is strong, and robust enough to withstand a sluggish US. Liquidity conditions remain very positive. We turn positive on the outlook for Asia, seeing about 11% upside to our year-end target.
The correction in perspective: The Asia-Pac index has declined by 17.5% from its recent peak, making this the third worst bull market correction in 20 years. This decline is just 1% less than the largest such correction.
Valuation has dramatically improved: Asia-Pac valuations have improved to moderately positive levels in absolute terms and relative to rates. The premium to the US and World markets has gone.
The implications of the US credit squeeze: We expect a sustained period of sluggish US growth. The Fed should prevent the squeeze becoming a crunch. The impact on Asia should be limited by its ability to redirect and take share in exports, strong momentum, the liquidity boom and potential political stimulus. We expect earnings to remain solidly positive.
Sentiment has turned sharply pessimistic: Our capitulation index has reached ?buy? territory. QFII foreign investor selling has exceeded that of any prior correction, and global risk appetite remains depressed.
this discount rate came a week early then i anticipated. Hope Ben timing is right.......and hope dow rally don't went up too big........
The dollar is weaken against sing$...come Monday STI will rocket.,..lucky today got some favourite stock at low low px...good luck to all......
if funds managers are cashing out, who have this purchasing power to buy from them?
If funds managers are cashing out now...they are the main pillars of share markets...does the support level still valid?
Who will be supporting the "support level"?
STI now is below support of 3050, reading now as at 11:41am down 112.09points......STI nowis 3040 points.
Next support will be 2850.....3050 will become the resistant......from now......
I'd still say the FED has to cut interest rate by at least half a percent before end Sept in order to calm the markets.
From CIMB this morning...
The current market sell-down runs contrary to the state of corporate earnings. In our review of Singapore?s 2Q07 results season, we saw EPS upgrades for all sectors except tech. Despite the good season, the STI has gone into a free fall as credit worries dominate. Valuations are beginning to turn appealing. We suggest that at some point, valuations must triumph over sentiment again. In a rolling 12-month P/E band analysis, we take valuation markers from the last sell-down in mid-2006 and conclude that the STI has another 4-6% downside risk, before reaching trough valuations. We say, keep your guns ready but the powder dry. Get in 2,950-3,040 levels.
the sudden last hour spike up in DOW is only due to technical rebound...not a very concrete reason to be cheerful about...as the credit woes and subprime problems are still in place...only when these are settled...we can go back in to make some good money...now still unsure if the lowest peak had been hit YET
Whoa, just realised something.. The STI is so low that a mere drop of 31pts would be 1%, if drop 100+pts again could easily meant a fall of 4-5% in a single day. Then, more panic and more dropped.... spiral effect
Despite the heavy rainfall, I think STI may be positive today.. :)
Rumours that Chinese buyout Bear Stears, what will happen if chinese funds went global shopping?
STI today reached 233MA which indicates BEAR. Wait for wave B of bear to throw.
Sohguanh,
I did not comment about penny stock, I also hold quite alot, my capital is also mainly came from penny stock, also a small employee. Those counter are fundamental shares, which should not be taken as a short term investment. As it is a fundamental shares that will yield divident, which I will pick up when I have some earning from the penny.
Current holding have turned half, but still have some encashment during the May reviewing of portfolio, which I sell most of the Earning shares.
Waiting for another entry if required, as currently the price do not allow me to have another entry after today entry(the next point of entry will be around STI 2600).
elfinchilde:
after seeing more falls (& maybe more days to come), i think i have to agree with you that jan 06 prices will be a good gauge for hunting season