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Happy CNY 2009 Coming
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hotstock
Veteran |
22-Jan-2009 14:13
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Just to share how the big 3 in asia are feeling the sharp downturn.... BEIJING: Asia's major economies reported a slew of gloomy news on Thursday showing the global crisis was hitting harder, as export-dependent nations feel the pinch from the worldwide slowdown. China's economy slowed sharply in the final quarter of 2008 to just 6.8 per cent as thousands of factories that sold to overseas markets shut, pulling the full-year growth figure down to 9.0 per cent, official data showed. South Korea said its economy was in the worst shape since the East Asian financial crisis a decade ago, following a 5.6-per-cent contraction quarter-on-quarter in the final three months of last year. Japan meanwhile announced a 35 per cent plunge in exports in December as consumers worldwide tightened their belts even more, driving Asia's biggest economy further into recession. | ||||
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trader88.sg
Veteran |
22-Jan-2009 09:09
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True, true. One should be alert at all times. | ||||
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hotstock
Veteran |
22-Jan-2009 09:02
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Pls do not get carried away today. Sell into strength or short nimbly. Tonight US has housing start and initial claim so I expect them to be ugly. Also as I mentioned in other thread today's budget should be a non event for short term and I suppose the GDP downward revision to worse case of -5%GDP could have already factor in the multipler effect of the budget measure. |
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hotstock
Veteran |
21-Jan-2009 09:33
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As i mentioned in Cosco thread last week, the wave 2 of bear torrent is on its way due to the further fallout from bank. Coupled with todays's govt GDP revised down to -5% to -2%, it is indeed a big revision and favour to err on the wrong side. I see no CNY rally in sight and the STI may start to trend towards 1600 and then 1400 mark in coming weeks. Budget day would not cause any stir here. The expectation for Obama to turn around is now in focus on his result and not what he claims anymore. Can we wait for the rescue effort to come 6 months down the road? Is investor so patient and rise averse. The answer is clear. Cash is king. |
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AK_Francis
Supreme |
15-Jan-2009 10:19
Yells: "Happy go lucky, cheers." |
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Agreed, under such volatile market. Now HSI dips 4.7% n STI clinches down of 2.9%. Hope STI dun follow too close liao.
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hotstock
Veteran |
15-Jan-2009 09:55
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The US Financial Industry is really disappointing. Individual rewards and compensation rank higher than all things. If such cult continues like this what is the future of the stock market? No wonder the voice of disgruntled ppl got louder on compensation matter. Read this from reuters "NEWSMAKER-Bank of America CEO takes lumps on Merrill merger" |
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hotstock
Veteran |
15-Jan-2009 08:43
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For those with weaker hand after the bear-out period, do not go into the market as there will be more blood. Support for S&P has already broken and the reporting season is definitely be ugly. I see STI moving towards 1700 today and eventually down to 1400. | ||||
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AK_Francis
Supreme |
14-Jan-2009 01:12
Yells: "Happy go lucky, cheers." |
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Ha ha, for those who still in the web, no knee jerking news in DJ, still maintain +ve, though 0.xx. If DJ maintains thats till closes, sky clear liao, esp in STI.
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tanglinboy
Elite |
13-Jan-2009 21:48
Yells: "hello!" |
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Sometimes no news = good news
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AK_Francis
Supreme |
13-Jan-2009 16:23
Yells: "Happy go lucky, cheers." |
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Ha ha, HSI rock ASIAN markets in d pm, today. Hope DJ dun rock d world 2morow. Abama must contain the situation b4 d inagu.
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Hulumas
Supreme |
13-Jan-2009 16:20
Yells: "INVEST but not TRADE please!" |
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Is there any good news? We want good news, not bad news!
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des_khor
Supreme |
13-Jan-2009 16:11
Yells: "Tell me who is the God or MFT from this forum??" |
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x 1 Alert Admin |
GONG XI FA CHAI !!! | ||||
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hotstock
Veteran |
13-Jan-2009 15:41
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2 pieces of news that might rock Dows tonight: 1. JPM earning results changed. Negative 2. Bank of America downgraded. Negative |
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