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STI to cross 3000 boosted by long-term investors Post Reply Rate topic
terencefok Master	08-Mar-2007 11:07        terencefok About Contact  Quote this Post!
x 0   x 0  Alert Admin	Beware of further falls. The STI is going up on low volumes, and also it is now near the low for today...
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ivorycoast Elite	08-Mar-2007 11:03        ivorycoast About Contact  Quote this Post!
x 0   x 0  Alert Admin	Selling has slowed. Good indication.
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tanglinboy Elite	08-Mar-2007 10:41        tanglinboy About Contact  Quote this Post! Style: Combined   Mood: Yells: "hello!"
x 0   x 0  Alert Admin	Wah... looks like a lot of people staying away from the market now. Trading volume on SGX now only 200 million shares!
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maxtwl Member	07-Mar-2007 16:37        maxtwl About Contact  Quote this Post!
x 0   x 1  Alert Admin	May dip to 2,800
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maxtwl Member	07-Mar-2007 16:36        maxtwl About Contact  Quote this Post!
x 0   x 0  Alert Admin	Reds are coming....Again....
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alexpenel Member	07-Mar-2007 16:33        alexpenel About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agree, better cut a bit loss 1st as we do not know what will happen 2molo.
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tampinesnewbie Member	07-Mar-2007 16:32        tampinesnewbie About Contact  Quote this Post!
x 0   x 0  Alert Admin	3rd wave coming?
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l_tan888 Senior	07-Mar-2007 16:24        l_tan888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The STI is loosing steam.  It's now up only 20 pts, Hang Seng closed down 140 pts, NIKKEI closed down 80 pts and FTSE is down 26 pts.  Better to sell into the rally.  Don't know how will the DOW perform tonight.
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iPunter Supreme	07-Mar-2007 15:16        iPunter About Contact  Quote this Post!
x 0   x 0  Alert Admin	It's very like to to go up more more first ... :)
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punter2006 Senior	07-Mar-2007 15:13        punter2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looks like some profit taking going on...STI now at 3066 only up about 29pts..
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iPunter Supreme	07-Mar-2007 14:54        iPunter About Contact  Quote this Post!
x 0   x 0  Alert Admin	Newmoon... Very valuable advice. :) Thank you for the insight.
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newmoon Veteran	07-Mar-2007 11:38        newmoon About Contact  Quote this Post!
x 0   x 0  Alert Admin	Sell the rallies. The total loss  world wide in the last 6 days fall was 3.3 trillion dollars accrding to bloomberg-I cannot comprehend a figure of such a magnitude.
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lg_6273 Elite	07-Mar-2007 11:04        lg_6273 About Contact  Quote this Post!
x 0   x 0  Alert Admin	The big bet that could melt Wall Street A look at the 'yen carry trade' and why so many investors are starting to worry it might unravel. By Grace Wong, CNNMoney.com staff writer March 6 2007: 10:39 AM EST NEW YORK (CNNMoney.com) -- As investors wonder if the global market selloff is reaching a bottom, economists are keeping a close eye on one big trading bet that could send more seismic tremors through Wall Street. For more than a decade, investors have profited by borrowing yen at ultra-low interest rates and using the funds to buy higher-yielding investments based in other currencies - known in Wall Street parlance as the yen carry trade. An unwinding of the yen carry trade could further roil global markets. Quick Vote Is the stock selloff just a blip or the start of a longer downturn? BlipLonger slumpToo early to say or View resultsVideo More video CNN's Eunice Yoon reports on how a strengthening yen is worrying global markets. (March 5) Play video But last week's market swoon has brought risk back into focus, and a number of these borrowers have been unwinding those trades lately. "There's been complacency and underpricing of risk across the board," said Nouriel Roubini, chairman of Roubini Global Economics, a research firm. But now many big investors, as well as policy-makers, are bracing for more volatility in the markets, he said. Stocks: Another down day While the yen carry trade grew popular after Japan started holding interest rates steady near zero six years ago, it's only recently that a variety of hedge funds, insurance companies and mutual funds are getting out of those bets - and removing a key source of support for stocks. In the process they've sparked a swift rise in the yen - which has jumped 4 percent against the dollar in the last week alone - as they've bought yen to repay their loans. While it's difficult to quantify the size of the yen carry trade, investors have borrowed yen aggressively to fund a wide range of investments - from riskier assets in emerging markets to safer investments like U.S. Treasury bonds, economists said. They're divided, though, on whether the yen's recent rise is a short-term run or the start of a massive unraveling of yen-based trades that could roil financial markets further. "It's a little shake-out. A few people scared out of the yen carry trade may have pushed the currency up, but it doesn't mean the yen carry trade has changed fundamentally," said Robert Brusca, chief economist of FAO Economics. Interest rates in Japan are still super-low relative to rates in the United States and Europe. Japan's benchmark short-term interest rate stands at 0.5 percent, compared to 5.25 percent in the United States and 3.5 percent across most of Europe. The Bank of Japan brought an end last July to its ultra-easy monetary policy by raising rates for the first time since 2000. But its rate hikes haven't been consistent and the central bank isn't expected to aggressively raise rates anytime soon. Howard Simons, a strategist at Bianco Research in Chicago, thinks given how low Japanese rates are versus the rest of the world, the yen carry trade still has a long way to go in any unwinding. And "the unwind, if it starts to occur - is not going to be a one-week occurrence. It's going to occur over a long period," he noted. Others see the yen's recent spike as the start of a real unraveling of the carry trade. "By all appearances, this is the real thing," said Patrick Fearon, economist with A.G. Edwards & Sons. While the spread between interest rates in Japan and elsewhere around the world remains wide, investors are realizing now that the yen can move much more quickly even if the central bank doesn't raise rates very quickly - thereby destroying the profitability of the carry trade, Fearon said. "Even if the Bank of Japan holds rates steady - as it is widely expected to do - a rise in the yen itself could spark a self-sustaining unwinding of the carry trade," he added. And suddenly - since last week's 416 point drop for the Dow - investors have woken up to the risk inherent in financial markets. When markets are more volatile, expect big gains and big losses to come hard and fast, Roubini said, referencing the yen's abrupt movements during the Asian financial crisis, when the yen jumped as much as 12 percent during one 72-hour period in 1998. "This is not a risky trade I would continue if I was an investor. Any trigger can cause a sudden movement at this point," Roubini said.
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kawaiiboi Member	07-Mar-2007 10:28        kawaiiboi About Contact  Quote this Post!
x 0   x 0  Alert Admin	GOOD NEWS.. Shanghai stock exchange UP WARD TREND.. NIKKEI WILL JUMP ON REOPEN
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Sporeguy Elite	07-Mar-2007 10:14        Sporeguy About Contact  Quote this Post!
x 1   x 0  Alert Admin	If STI can reach 3137, then it has 61.8% retracement.
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pikachu Veteran	07-Mar-2007 10:13        pikachu About Contact  Quote this Post!   Mood: Yells: "Holy Cow!"
x 0   x 0  Alert Admin	Be careful har.... it may not be end of bloodbath so soon
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pikachu Veteran	07-Mar-2007 09:56        pikachu About Contact  Quote this Post!   Mood: Yells: "Holy Cow!"
x 0   x 0  Alert Admin	STI gains seems to be falling to more realistic levels
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kawaiiboi Member	07-Mar-2007 09:42        kawaiiboi About Contact  Quote this Post!
x 0   x 0  Alert Admin	NIKKEI start dropping must be those greedy shorties...
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red1721 Senior	07-Mar-2007 09:22        red1721 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Time to grab some blue chips shares this morning....
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novena_33 Veteran	07-Mar-2007 09:14        novena_33 About Contact  Quote this Post!
x 0   x 0  Alert Admin	now ahead of the horse racing is KLSE with 3% and SSEC with 1.97% & SGX is 1.78% ...Nikkei is doing well too... 0.72%.... who will be winner today... :P
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