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| 04-Jul-2008 14:44 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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i agree oil will retrace back sharply..but to what level? $120? $100 even if it were to go down to $100... the overall economy still will be in a bad shape.. earnings will take a tumble, consumer spending etc..
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| 04-Jul-2008 09:24 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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GET ready ur put warrants!..woohoo! British economy falling into American-style slump In an echo of the United States, economists now predict the U.K. is likely to fall into a recession this year. Published: July 3, 2008
   PARIS: A housing market in shambles, inflation at the highest level in years and signs that the economy is headed for, or already in, recession. Sound familiar?
The British economy, like its counterpart across the Atlantic, has fallen on hard times, and in many ways the experience appears to be mirroring that in the United States. Indeed, the run last September on a British mortgage lender, Northern Rock, was one of the events that helped to embed the terms "credit crisis" firmly into the global consciousness. "A recession is more likely than not by the end of the year," Peter Newland, who covers the British economy for Lehman Brothers in London, said Thursday, summarizing a recent string of dismal economic data that have led economists to revise their growth forecasts downward. "Activity seems to be declining across the economy," he said. The FTSE 100, the benchmark London stock index, has fallen about 19 percent from the high of 6,732.4 that it hit in June 2007 - just short of the 20 percent decline that is commonly said to define a bear market. It gained 50.3 points, or 0.93 percent, to close at 5,476.9 on Thursday. Consumer confidence is the lowest since 1990, as oil prices drive toward $150 a barrel and unemployment has risen for the past four months. In a written statement to a parliamentary committee Wednesday, Charlie Bean, deputy governor of the central bank, called the current situation "the most challenging set of circumstances since at least the early 1990s and possibly earlier." The main force dragging down the British economy is the collapse of the once red-hot housing market, which enriched many Britons as long as credit flowed nearly as cheaply as in the United States. According to Nationwide Building Society, a leading British mortgage lender, housing prices have fallen for eight straight months. In June, they fell 6.3 percent from a year earlier, the biggest drop since 1992, taking the price of a "typical" British home down to £172,415, or about $343,000 - a decline of more than £13,500 from the top of the market. The British central bank said Monday that mortgage approvals in May were at the weakest level on record - only 42,000 for all of Britain, down from 58,000 in April. As the housing market sputters, consumers have retrenched. Shares in Marks & Spencer, the iconic British retailer regarded as a bellwether of the domestic economy, plunged more than 25 percent in two days after it reported a sharp decline in sales. Gordon Brown, the beleaguered prime minister, sought to look on the bright side, while acknowledging that the remarkable run of prosperity over the previous decade or so has hit a wall. "The task at the moment is to keep the economy moving forward," he said Thursday, speaking to a parliamentary committee in London. He expressed confidence that the British economy was "far more resilient than it was facing the last two oil shocks and facing some of the problems we had when there was a world downturn in the early 90s." But that seems little consolation to the British today. Unions are agitating for higher wages, even as inflation rose at a 3.3 percent annual rate in May, above the 3 percent upper limit of the Bank of England's comfort zone. And despite the growing distress of British workers and businesses, economists hold out little hope of monetary policy relief. Economists surveyed this week by Reuters were unanimous in predicting that Mervyn King, the Bank of England governor, and his colleagues on the Monetary Policy Committee would hold rates unchanged at their meeting next Thursday. Only 23 of the poll of 72 economists surveyed this week forecast lower rates by year-end, down from 41 of 62 a few weeks ago. "Wherever you look at the moment, the data are pretty worrying," Howard Archer, an economist at Global Insight in London, said. "It's a terribly difficult position for the Bank of England." The central bank's main interest rate target, at 5 percent, is already the highest among G-7 countries. Economists said the economy was lagging slightly behind the U.S. business cycle. The Federal Reserve has moved aggressively, cutting its main rate target to 2 percent currently from 5.25 percent last summer, and Congress moved quickly to enable 130 million households to receive tax rebate checks as part of a $168 billion stimulus program. In contrast, the British government has little leeway to spend its way out of any slump. The public purse is constrained by two rules - the so-called "golden rule," in which the government borrows only to invest and not to fund current spending, and the sustainable investment rule, in which public sector debt is to be held stable at "a stable and prudent level." |
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| 04-Jul-2008 09:10 |
Singapore Land
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Sp Land
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Silchester Int'l raised their stake from 6% to 7%.. see sgx announcements for more details.. |
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| 04-Jul-2008 09:05 |
SPC
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SPC
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past $7 today should be easy for this baby.. |
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| 04-Jul-2008 09:01 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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i don't like to sit out in 2008 not making money from the markets.. now is bear..no more bull..so if u understand how a bear market works..u'll be making just like me :) even if there was a reversal would it go up by a large amount?.. i don't think so.. it take years for markets to move up..but split seconds for it to fall :)..i love this concept.. helps me make more $$ hee i think STI would test the Aug 2700 levels...forming a triple bottom before some recovery takes place..
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| 03-Jul-2008 17:10 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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bear market - lower lows will be reached.. how to make $$... PUT warrants during bear rallies.. :) |
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| 03-Jul-2008 16:59 |
SPC
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SPC
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something must be up with this bugger.. chiong up when sti chiong down jia lat jialat.. vested... |
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| 03-Jul-2008 16:23 |
GLD USD
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Gold going up this year?
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gold gold gold..ale ale ale.. :) | ||||
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| 03-Jul-2008 15:35 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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STI put warrant SONG ah! | ||||
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| 03-Jul-2008 13:19 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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i'm a huge PUT WARRANT advocate... Dow Will Sink Below 10,000: Strategist
"Longer term we’re looking at a market that is a bear market," Carter told "Squawk Box Europe." While we can expect a rally over the next three to five weeks, this is a downward spiral that is not going away any time soon, he said. "A trend is a trend until it ends, and we’re actually looking for the Dow to take out 10,000 by the end of the year," he added. There are too few sectors holding the markets up, and too many dragging it down, to consider getting back into non-recession-proof sectors, according to Carter. "A large percentage [of sectors], like financials, are getting hammered. A lot of the darlings of the past are going to get taken out back and get shot," he said.
Hendry, partner at Eclectica, also sees few signs that the outlook is picking up for the US economy.
"I think we have to recognize the recessionary forces that are bringing to bear," Hendry told CNBC. "Don't fight that, just go with the flow of the relative momentum." Hendry said the outlook is particularly bleak for financial and technology stocks -- the two largest components of the S&P 500 -- which he said have both seen a bubble. "When a sector becomes infected by a bubble…what history reveals is it takes 25 years to regain the highs that we saw in real terms," he said. When it comes to fighting a U.S. downturn, now is the time to relocate assets into gold and oil, preferably through an ETF tied to the direct price of the commodity, Carter said. He also said investors should be looking to buy into over-achievers. "The nice thing is when you get a really down market like this the stars shine out … and when the overall market turns around, that's where you’re going to put your money," Carter said. “I would much rather buy stocks that are near their highs in an environment like this than try to bottom-fish." Hendry took the view that in a sustained market downturn, successful investing requires looking for more unconventional assets such as agriculture that have the potential to outperform the market. "I think the most important thing to know is you don’t have to short this market," Hendry said. "If you want to stay involved the most important thing is make sure the stock you own is trending higher vis-à-vis the marketplace." |
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| 03-Jul-2008 13:01 |
SPC
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SPC
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SPC is a mad dog ... must be reporting stellar Q108 results.. or dividend is super attractive.. | ||||
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| 03-Jul-2008 09:48 |
Indofood Agri
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Indofood Agri Resources
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below 2.39!...can start accumulating in batches for the next run up :) | ||||
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| 03-Jul-2008 08:59 |
SPC
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SPC
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hope the bear market can pull this bull down to the depths of the ground..
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| 03-Jul-2008 08:57 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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i lub lub put warrants...are u in put warrants ? :) | ||||
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| 02-Jul-2008 16:28 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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i love the way the markets plays those who were bullish this morning when market was up..
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| 02-Jul-2008 09:38 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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STI up ah...put warrant play again...muhahaha | ||||
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| 02-Jul-2008 09:26 |
SPC
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SPC
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look at SPC fly.. looks like no below $6 :( | ||||
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| 02-Jul-2008 08:50 |
Neptune Orient L Rg
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NOL
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NOL looking good yesterday in a sea of red.. merger talks will continue to raise the stock price.. vested.. |
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| 01-Jul-2008 17:14 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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hor sey liao down 40 points... put warrants in the money baby! | ||||
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| 01-Jul-2008 16:16 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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go down some more..there'll b margin call..those who can't top up..will cause markets to fall further..domino effect.. | ||||
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