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STI to cross 3000 boosted by long-term investors
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DnApeh
Master |
22-May-2009 14:42
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Watch 2180, if hold, i will join you at 4.59pm. | ||||||||
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cheongwee
Elite |
22-May-2009 14:35
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sorry, post too fast, next time will read first before post.. should be..."market always ahead of economic data.."
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cheongwee
Elite |
22-May-2009 14:33
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economic data are always ahead of market.. so must be your buying in..u must buy ahead of market ,not when sti is 2800...BUY NW!!! today cheap, next week will too late.... dont be foolish like those just sold to me.. |
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cheongwee
Elite |
22-May-2009 14:24
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I think tonite no major data report and with this indicator out market tonite may end higher.. http://money.cnn.com/2009/05/21/news/economy/leading_index.reut/index.htm?postversion=2009052110 also correction should be over... so next week market will CHEONGGGGGG.... now u know...today u dare to buy...me buying of course..best time to buy is always friday.. and i got my doses already... |
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ticklish8
Senior |
22-May-2009 14:09
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Japan market report TOKYO, May 22, 2009 (AFP) - Japanese share prices ended down 0.41 percent on Friday as losses on Wall Street and a stronger yen scared off buyers. The benchmark Nikkei-225 index lost 38.34 points to 9,225.81. The broader Topix index of all first section shares slipped 5.56 points, or 0.63 percent, to 875.88. |
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ticklish8
Senior |
22-May-2009 12:36
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Something happening in the currency market TOKYO, May 22 (Reuters) - The dollar slid to a five-month lows against a basket of major currencies on Friday after a warning that Britain’s triple-A credit rating could be cut stoked worries the debt of the world’s reserve currency could face the same fate. Standard & Poor’s said on Thursday it could downgrade Britain’s triple-A credit rating, a move that initially hit the pound but then sparked broad selling of U.S. stocks and bonds on fears that record U.S. deficits could lead to the same warning. The dollar index was on track for its biggest weekly fall since the Federal Reserve launched its large-scale purchases of U.S. Treasuries in late March, which slammed the reserve currency on worries the move could cause an effective devaluation. Minutes of the Fed’s last policy meeting this week showed officials said they may need to boost such buying of Treasuries. “S&P gave a clear criteria that a country whose government debt burden is approaching 100 percent of GDP could have its rating downgraded. That prompted investors to think they should not be so optimistic about credit rating on the United States,” said Hideki Amikura, deputy general manager of forex trading at Nomura Trust and Banking. The dollar’s broad slide took it to a two-month low against the yen after Japanese Finance Minister Kaoru Yosano said on Friday the country is not thinking about intervention in the currency market. The remarks came as market players have started to suspect that Japanese officials may consider intervening to prevent further yen strength. The yen’s surge to 13-1/2-year peaks against the dollar earlier this year dealt a heavy blow to the country’s big exporters, but Japan has refrained from intervention. The dollar index, a gauge of the greenback’s performance against six major currencies, fell as low as 80.210 to the lowest since December and near the 50 percent retracement of its one-year rally through March this year. The dollar slipped 0.2 percent from late U.S. trade to 94.15 yen after hitting a low of 93.86 yen on trading platform EBS, the lowest since December. Dollar buying from Japanese importers helped limit losses, traders said. Market players said the dollar is likely to test the low of 93.55 reached in March, the spike low hit when the dollar plunged on the Fed’s adoption of quantitative easing. If that level is broken, the dollar may test the 13-1/2-year low near 87.10. The euro was up 0.2 percent at $1.3923 but pulled back from a five-month high high of $1.3957 on EBS as speculators covered short dollar positions ahead of a U.S. three-day weekend. Sterling was up 0.1 percent to $1.5860 after rising as high as $1.5898, its strongest since early November. Despite the S&P statement, the pound is up 4.5 percent on the week. U.S. financial markets will be closed on Monday for Memorial Day holiday, while British markets will also be shut for a bank holiday. DOLLAR’S WOES MOUNT As investors rushed into the safe-haven greenback during the slide in global stock markets, the dollar index hit a three-year peak in March. But as stocks have rallied since then, the dollar has taken a hit as investors have shifted funds into higher-yielding currencies and emerging market assets on hopes the worst of the severe global recession is over. That slide has accelerated as a number of key currencies have crossed the 200-day moving average against the dollar, including the euro and pound. A cross of the 200-day moving average tends to coincide with turning points in the dollar. The perceived threat to the United States’ top triple-A rating has given the dollar another blow this week. “Now it is worries about the United States that are weighing on the dollar,” said a forex trader at a big Japanese trust bank. Bill Gross, the co-chief investment officer at bond fund giant PIMCO, warned that the United States will eventually lose its top credit rating. Moody’s Investors Service on Thursday said it is comfortable with the triple-A sovereign rating on the United States, but it is not guaranteed forever. |
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divearse
Member |
22-May-2009 12:20
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Well what do you think? mini morning bull or bullshxt? I think the later. Have you made or have you loose this monring? haha....Red red red...now. After lunch is not going go up either...no reason to be.
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niuyear
Supreme |
22-May-2009 12:10
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End March'09, Temasek sold off the BOA shares and then buying into china shares before puclic came to know about it. Could they have already bought singapore shares while prices were still attractive between march and April which could be part of the contributing factors to the recent mkt rally? |
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Kassanne
Member |
22-May-2009 11:18
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I remember in the beginning of the year, the Chinese government basically bought a lot of China shares. Is this the reason why the market rally so much? What will happen if they stop buying? |
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Hulumas
Supreme |
22-May-2009 10:24
Yells: "INVEST but not TRADE please!" |
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Would that be nicer the market price movement keep uptrend all the way till break a new high of STI above 3888? Just do not short and sell but hold and riding the profit!!! Ha. ha.. ha...
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niuyear
Supreme |
22-May-2009 10:16
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Wel1 said! Notice some counters price inching down, rather slowly,unknowingly.....
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divearse
Member |
22-May-2009 09:24
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BB were unable to unload their shares last few days now into unloading mode, tactic is buy it up by the 1 lot, 1 lot and sell it off at 10lot 10lots, so many not-so-savvy contra players who think they can outsmart the BB may fall victim to this "unloading" ploy. Software that helps to analyse the market depth and automatically formulate buying and selling strategy and automate this, faster than human minds can think....so be careful if you are not well equipped and gambling your kids education fee. I would get out and wait for the 2000 level before entering and then wait. I am sure you know already... | ||||||||
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aleoleo
Master |
22-May-2009 09:13
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suprise .... expected to have bad weather today .... storm should come ... but now just a small raining only | ||||||||
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waterfalls
Senior |
22-May-2009 08:37
Yells: "Investing is calculated risk, patience n luck" |
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No surprises, market correction underway. |
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DnApeh
Master |
22-May-2009 08:13
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still but on dips? | ||||||||
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aircraft
Veteran |
21-May-2009 08:56
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Blastoff
Elite |
20-May-2009 22:16
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It will be a different story if DOW end up positive.... |
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ozone2002
Supreme |
20-May-2009 21:28
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gettin ready to short the market.. indicators looking extremely over bought |
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pointer
Senior |
20-May-2009 20:47
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Today's close up 8.88pts. Nice number...:) | ||||||||
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lookcc
Master |
20-May-2009 20:08
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sentiments bullish. | ||||||||
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