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Today mark the turning point for stock?
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ten4one
Master |
20-Nov-2008 10:00
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No U Turn.....Dead End.....Danger Ahead.........Accident Area.... Awas! ....Actung! Cheers! |
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SupremeA
Veteran |
20-Nov-2008 09:56
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lol. the oracle has spoken
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jonahach
Senior |
20-Nov-2008 08:58
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Today marks the turning point for stock..... | ||||
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learningtheropes
Member |
19-Nov-2008 18:04
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This logic is for the long-term, when US economy recover. For the short-term, US pple will have less money to buy cars, let alone Asian cars. The large retrenchment will make more US pple poor thus causing consumption for other products to reduce, which will affect Asian exports as a whole on a spiralling way. Globally, economy will go down further in the short-term if the automakers collapse..
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AK_Francis
Supreme |
19-Nov-2008 17:56
Yells: "Happy go lucky, cheers." |
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Means, the biding refund is substatial loh. Great save $. I remember got 1$ ones, dun know which cat?
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jonahach
Senior |
19-Nov-2008 17:28
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Reflected on the poor car sales at the most recent COE bidding. Wooo.....1600cc below at historic low of S$2. |
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jonahach
Senior |
19-Nov-2008 16:55
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Longterm wise sound logical. Shorterm wise will be an add on impact to current financial crisis. Let's look towards the "Detroit of the East". Thailand & China... |
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AK_Francis
Supreme |
19-Nov-2008 16:51
Yells: "Happy go lucky, cheers." |
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ha ha, that makes sense. however, Asian has to make Angmo size Toyota, Mazda, Nissan etc loh. Then too big for us but with due models for selection loh.
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knightbridge
Veteran |
19-Nov-2008 15:59
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Look on the other side. If they collapse, meaning less car makers. Good news for asian car makers, US if want to buy car got to look at the east for model. Toyota, Mazda and maybe china. Increase production for asian car makers maybe. US 300 million middle class sure got cars , trucks that need to be replace next year. The High US dollars is making the asian-make low fuel consumption and maintainance car more attractive. |
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AK_Francis
Supreme |
19-Nov-2008 15:52
Yells: "Happy go lucky, cheers." |
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Major impact, iron ore n rubber. Discrete components import will be shrinked to record low. As spore exports big bulk of components to US, really chialat ah. In spore those contract(outsource)manufacturer for the global electronics industry would be facing difficulties to maintain previos profit level. ie Venture etc. | ||||
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jonahach
Senior |
19-Nov-2008 15:43
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It will be a chain effect. Supporting industries will be hit as well. Can you imagine? | ||||
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Hulumas
Supreme |
19-Nov-2008 11:50
Yells: "INVEST but not TRADE please!" |
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Think deeply then we know, It will be more towards positive effect result to Singapore economic/industry particularly, I think!
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jonahach
Senior |
19-Nov-2008 11:11
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Big 3 US carmakers impact;- http://sg.news.yahoo.com/ap/20081118/tbs-congress-autos-f8250da.html Can't imagine, if they cannot get the rescue pkg. Alot layoffs.... |
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AK_Francis
Supreme |
19-Nov-2008 10:38
Yells: "Happy go lucky, cheers." |
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ha ha, nowadays, STI seems immune to DJ liao. It more bias towards HSI/SHI liao. | ||||
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jonahach
Senior |
19-Nov-2008 08:54
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Yah...STI cannot hold on to 1700...
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teeth53
Supreme |
18-Nov-2008 18:54
Yells: "don't learn through life, learn to grow with life " |
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HSBC is even bigger then CITIGroup in term of employablities A spokesman for the Hong Kong Banking Employees Association said he was concerned that the layoffs would encourage other banks to follow suit, broadcaster TVB reported. HSBC recently announced plans to cut 1,100 jobs because of the global economic downturn. It employs around 330,000 people worldwide, including about 20,000 staff in Hong Kong. The bank refused to confirm earlier reports which said that more than 100 jobs in its Hong Kong office had already been cut. At that peak, in the 2007 fourth quarter, Citigroup had a global workforce of 375,000 employees, according to the online document. By the end of September the workforce had been trimmed to 352,000; the additional job cuts announced would pare it to approximately 300,000. Singapore's DBS Group, Southeast Asia's biggest bank by assets, said earlier it would reduce its workforce by six percent, or 900 staff, by the end of this month, to trim costs after reporting a slump in third quarter net profit. The group said its staff in Singapore and Hong Kong would be the primary targets for the cuts. |
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teeth53
Supreme |
18-Nov-2008 18:20
Yells: "don't learn through life, learn to grow with life " |
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CITI can claim as world biggest staffs cutters...Ya, beside 35k, another 52k coming....:(( | ||||
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POOMALAH
Member |
18-Nov-2008 18:01
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Have you seen today's close?
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jonahach
Senior |
18-Nov-2008 17:37
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Sayonara...
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jonahach
Senior |
18-Nov-2008 15:49
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In current Cyberworld, with technologies being so advance....(Information conveyed within seconds) and everyone being so tech savvy. Market will be very dynamic. Crisis can come early and go early....All of us unable to predict what's going happen next. Things move too fast for human brains to counter the next course of action. Agree? |
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