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European Markets Are Going Wild Again

Joe Weisenthal|Jul. 30, 2012, 3:39 AM|88|1

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The optimism in Europe that something is about to happen continues.

Starting late last week with comments from Mario Draghi, there's been a hope that the ECB, or some other entity in Europe would make concerted action to reduce borrowing costs along the periphery.

Nobody knows if there's anything real, but borrowing costs in Spain and Italy continue to fall.

The Spanish 10-year yield is down to a still super-high 6.56%. It was around 7.6% in the middle of last week.

The Spanish stock market is up about 1.5%.

Italy is having a huge day, as the benchmark FTSE MIB stock index is up 2.4%.

Banks are doing particularly well.

Germany is up just under 1%.

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30-Jul-2012 16:04

Golden Agri-Res / GoldenAgr

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Corn price escalting. hope this one also.....

恭喜恭喜恭喜你

alexchia01 ( Date: 30-Jul-2012 11:05) Posted:

I think can Buy GoldenAgr today.

Entry: $0.730 to $0.740

Stop-Loss: $0.700

More on my Blog at Alex Trades.

Good luck.

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30-Jul-2012 15:28

Genting Sing / GenSp starts to move up again

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30-Jul-2012 14:48

SingTel / Singtel Bullish???

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Can test $3.6 today? Everybody huat arhhh

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30-Jul-2012 14:40

Genting Sing / GenSp starts to move up again

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888 auspicious number :)

Flyordie ( Date: 30-Jul-2012 14:38) Posted:

Did you see that?? Did you see that???

Again when i saw bid size of 888,000 when price at 1285/1290.

A while (~2 seconds), it up to 1290/1295 !!!!

I saw that ! I saw that !!!

Later after work, will go vision shop check my eye sight.

Flyordie ( Date: 30-Jul-2012 13:25) Posted:

Just my 2 cent view.

Been observed if i see the Bid size of 888,000. The price is trending up.

In the contrary, if i see Ask size of 888,000. The price will trend down.

Don't luagh at me, don't scold me. I am just sharing what i abserved.

Don't believe me? Watch it yourself. The 888,000 (will stay atleast 3 seconds)

Is it like a signal between BB to BB : Dude, i am ready , how about u? Ok, go !!!!

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30-Jul-2012 14:27

Straits Times Index / STI to cross 3000 boosted by long-term investors

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This Week Is Going To Be Massive For The Global Economy

Huge week of economic data and central bank action.

Read more: http://www.businessinsider.com/preview-of-the-week-beginning-july-30-2012-7#ixzz225JM0Gpv

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27-Jul-2012 17:23

Genting Sing / GenSp starts to move up again

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Wait for price to go up. :)

AnthonyTan ( Date: 27-Jul-2012 15:08) Posted:

Wait for what????????

1. Better earning - not likely

2. Dividend payout - not possible, no money. Just raise perpetual bond.

3.Unfavourable policies ahead.

Plus plus plus plenty more.

My personal views only.

alooloo ( Date: 27-Jul-2012 14:35) Posted:

Patiently wait probably will pay off more ....

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27-Jul-2012 15:56

SGX / SGX

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Well said. If got $$ and able to hold - just concentrate 1 or 2 blue chip. Buy when price dip say 10% / 15%. if no confident, perhaps, wait for a little while, good enough. Constant trading for living or needing the chart etc to trade, is not an easy job. But some people able to HUAT from trading and thats good for them and they claim they are multi millions in the making by trading - marvellios! :)

Its not possible always able to buy at that low price or below 20%. Somentime not even dip for 10%, price already shot up again.

---------------------------------------------

p/s - Good or bad news, are manipulated. A company can always set low estimate resulting in them able to 'beat' their estimate quarter after quarter.

but their share price keep on plunging. Its important they dont falter in their report..

superoldfart ( Date: 27-Jul-2012 15:25) Posted:

Some more analysts say SGX shareprice must forever languish here at $6+, like in Mordor, sial.

Price always move first, then good news or bad news come later. This is basic of investment. If u don't buy SGX when low, u want to buy when? When high high at $18 like last time(late 2007)? When all the news good?

Correct time to buy is when news is bad, but price discounted(ie news bad but price still go up, always come back after drop), and news just about start to become better.

This basic of investment, sial.

Now, doesn't mean uncle is right here. Maybe uncle totally wrong. But if u don't even know the basic of investment, u will never make money in market. NEVER.

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27-Jul-2012 14:05

DISA / Equation

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No idea.

Most penny stocks price dips and unable to move up even given 10 years. time. Blue chips when dip (like 2008) , now most of them have picked up more thatn 30 % and some 50%!

BellaVida ( Date: 25-Jun-2012 10:25) Posted:

Just wondering, with the rights issue, will it likely be because Chng Weng Wah (CEO) has got plans for the company and thus, wishes to use the rights issue to up its shareholding? as of FY2011, it's total deemed interest is 23.03%. with the rights issue, will it likely result in Mr Chng to up its holdings to over 30% but without having to trigger a G.O? This is especially so if not much people wants to subscribe for the rights issue and Mr Chng gets the excess rights? Not too sure..so just thinking of what this rights issue might be purposed for...

Any views?

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27-Jul-2012 14:00

SGX / SGX

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Why must sell leh?

rutheone1905 ( Date: 27-Jul-2012 11:41) Posted:

those holding SGX if got profit time to let go prior to today finance report is out.........

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27-Jul-2012 12:29

Others / Risktaker forecast

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Can singaporean come out some new technology which is more intelligent than APPLE. If you have, call it Orange. hahahah!

Facebook - wasting people's time , teen spend 2-5 hourse A DAY. They lack of community interaction or out with friends / peers / other

family memnters. When slightest of unhappiness, they would easily have SUICIDAL thoughts. Wake up and go out plse.

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27-Jul-2012 10:23

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Now present moment, not many people can fork out " extra big money" to buy property. So, perhaps, they'll buy stock.

SGX - price quite low, anyone taker? :)

rotijai ( Date: 27-Jul-2012 09:35) Posted:

Yesterday panic shorters got flushed out this morning..

will the buyers step up later?

:)

Sgshares ( Date: 27-Jul-2012 09:32) Posted:

Market looks so tired....reluctant to push up further.

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26-Jul-2012 16:37

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Asian Markets Are Modestly Higher

Asian markets are trading modestly higher on expectations that the Fed will announce QE3, and on reports that Europe might take steps to stem the region's sovereign debt crisis

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25-Jul-2012 12:15

Others / QE 3 coming

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“ 。。。。。。。。。。。。。。分析指出，美國去年有 4700萬窮人，等于每 6人就有一個窮人。只要貧窮率增加 0.1%增至 15.2%，就與 1983年一樣，是 1965年以來最高點。

ballball ( Date: 25-Jul-2012 12:03) Posted:

Keep the marbles n play with them. remind me of my childhood n kampong days.

june_snowy ( Date: 25-Jul-2012 11:48) Posted:

Hi there,

Could someone pls elaborate what will happen if US will abandon the dollar and start trading with marbles. Keep your marbles

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25-Jul-2012 11:01

Straits Times Index / STI to cross 3000 boosted by long-term investors

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Last week talked abt Greece problem surfacing - Is this affecting Asia? Dont think so has serious impact becos, not many Major asian banks have exposure to Greece.

Market always find and dig some news to short sell..... hmm....

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23-Jul-2012 17:03

Straits Times Index / STI to cross 3000 boosted by long-term investors

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STI and Obama cheong arhhhhhhhhh...................

niuyear ( Date: 23-Jul-2012 16:57) Posted:

Obama must stop this lol! In his presidency term, he has let the recession hits us once 2009. . Now into 2nd recession, he would better stop this jinx fast enough to have him sustain his next presidency. hohoho santa claus is coming to town

eurekaw ( Date: 23-Jul-2012 16:37) Posted:

will STI drop to 2900 this round?

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23-Jul-2012 16:57

Straits Times Index / STI to cross 3000 boosted by long-term investors

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eurekaw ( Date: 23-Jul-2012 16:37) Posted:

will STI drop to 2900 this round?

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23-Jul-2012 16:47

Genting Sing / GenSp starts to move up again

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I think RWS should be opening - two treetop lofts and 11 two-storey ocean suites situated within the Oceanarium.

The have transported some trees from Thailand , see below video , intereting to those who frequent Casino and RWS.

http://www.youtube.com/watch?v=wJGzvY5FSgY

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23-Jul-2012 16:31

Straits Times Index / News Update!

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Greece - high income and also high expenditure and when 2008, financial crisis , the high inome suddenly drop BUT, the high expenditure never dropped, they are caught at a wrong foot and now at this sorry state.

krisluke ( Date: 23-Jul-2012 16:09) Posted:

Greece now in " Great Depression" , PM says

* IMF, EU inspectors expected on Tuesday

* Greece appealing for more time on cuts, EU wants to stick to targets

* Spiegel reports IMF threat to abstain from any new funding

ATHENS, July 22 (Reuters) - Greece is in a " Great Depression" similar to the American one in the 1930s, the country's Prime Minister Antonis Samaras told former U.S. President Bill Clinton on Sunday.

Samaras was speaking two days before a team of Greece's international lenders arrive in Athens to push for further cuts needed for the debt-laden country to qualify for further rescue payments and avoid a chaotic default.

Athens wants to soften the terms of a 130-billion euro bailout agreed last March with the European Union and the International Monetary Fund, to soften their impact on an economy going through its worst post-war recession.

By the end of this year Greek GDP is expected to have shrunk by about a fifth in five consecutive years of recession since 2008, hammered by tax hikes, spending cuts and wage reductions required by two EU/IMF bailouts. Unemployment climbed to a record 22.6 percent in the first quarter.

" You had the Great Depression in the United States," Samaras told Clinton, who was visiting Greece as part of a delegation of Greek-American businessmen. " This is exactly what we're going through in Greece - it's our version of the Great Depression."

Athens must reduce its budget deficit below 3 percent of GDP by the end of 2014, from 9.3 percent of GDP in 2011 - requiring almost another 12 billion euros in cuts and higher taxes on top of the 17 billion successive governments have cut from the budget shortfall.

Greece wants its lenders to give it two more years to achieve the budget goal to avoid an even deeper economic slump but its lenders have opposed the idea because it would imply even more financial aid.

Highlighting growing frustration with Athens, German magazine " Der Spiegel" reported on Sunday, citing high-ranking representatives in Brussels, that the IMF may not take part in any additional financing for Greece.

The German and Greek finance ministries declined to comment on the report, which suggested additional support required for Athens could range from 10-50 billion euros.

NO MORE

Officials have already indicated there would be a shortfall on the current bailout. How much is likely to depend on the extent by much Greece continues to miss its fiscal targets and the extent of support needed to keep its major banks afloat.

German economy minister Philipp Roesler told ARD public television he did not expect Greece could fulfill its requirements and that that would mean no more money to Athens.

" I am more than sceptical," Roesler, who is the head of the junior party in Germany's ruling coalition and often outspoken on euro zone issues, said in an interview.

" If Greece does not fulfill its requirements, there cannot be any more payments to Greece," added Roesler, whose views often do not reflect those of Chancellor Angela Merkel or Finance Minister Wolfgang Schaeuble.

The inspection team of the international " troika" of the EU Commission, the IMF and the ECB will focus on the 11.7 billion euros of spending cuts Athens needs to take in 2013 and 2014.

Clinton criticized Greece's lenders for focusing excessively on austerity, saying Athens will be more likely to repay its debt if its manages economic recovery first.

" (It) is self-defeating... if every day people are saying this may or may not work to give us back 100 cents on the dollar, so give us more austerity today," he told Samaras.

" People need something to look forward to when they get up in the morning - young Greeks need something to believe in so they can stake their future out here," Clinton said.

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