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STI to cross 3000 boosted by long-term investors
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teeth53
Supreme |
01-Oct-2013 12:01
Yells: "don't learn through life, learn to grow with life " |
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x 0 Alert Admin |
http://www.whitehouse.gov/sites/default/files/omb/memoranda/2013/m-13-24.pdf Tomorrow trading in Red...light with much lower lower, till dust is settle. Today n especially yesterday saw a sell down or profit taking n cut lost.
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teeth53
Supreme |
01-Oct-2013 11:56
Yells: "don't learn through life, learn to grow with life " |
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http://www.whitehouse.gov/sites/default/files/omb/memoranda/2013/m-13-24.pdf | |||||||||||||||||||||||||||||||||||||||||||||||||
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eurekaw
Master |
01-Oct-2013 11:39
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Just came across this....fyi ADDITIONAL CHARGES: Han could not repay the $718,000 he lost and was declared a bankrupt on Jan 19 last year. Even after that, he got involved in three firms. For this, he was jailed for another month. TRAINING firm Zone Financial was set up to teach people how to trade futures contracts and indexes. But it acted as a fund manager between May 2004 and August 2006, collecting nearly $4 million as personal loans from 32 people. Its managing director, Kelvin Han How Yong, 28, was yesterday jailed for five months after pleading guilty to allowing the firm to engage in fund management without a capital markets services licence from the Monetary Authority of Singapore (MAS). Han would persuade participants at his training sessions to invest in a fund - called Kelvin's Fund - for periods ranging from a few weeks to six months. The money was used to trade futures contracts and indexes and he promised his clients returns of 1 per cent to 5 per cent per month, depending on the amount they put in. By the time he resigned as managing director in August 2006, he had lost about $718,000. Two months later, the Commercial Affairs Department began investigations after several people reported to the police that Han had cheated them into investing various sums of money. Han could not repay the money lost and was declared a bankrupt on Jan 19 last year. He has yet to make any restitution of the $718,000 he lost while the remainder of the sum invested has been returned to the investors. Even as a bankrupt, Han was not done yet. Although bankrupts are not allowed to engage in the management of companies without the permission of the court or the Official Assignee, Han got involved in three firms almost immediately. For this, he was jailed for another month. The court heard that Han had asked his father, Mr Han Koon Siong, to set up event management firm Cronwell in November 2006 with a paid-up capital of $1. Between January and August last year, he took charge of the firm and managed it. Two other charges of acting as a director of AOL Capital and Rimson Investments last year were considered by the judge when deciding on the sentence. Zone Financial was also fined $20,000 for offering fund management services without the appropriate licence. The firm has since become inactive. The MAS said there are 110 firms holding capital markets services licences. |
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WanSiTong
Master |
01-Oct-2013 10:33
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Market Recap
The major indices managed to hold on to monthly and quarterly gains despite Monday?s losses. All but two Dow components fell, and the index gained 2.2% in Sep and 1.5% for the quarter. Consumer staples and energy led declines for the S& P 500, which gained 3% for the month and 4.7% for the quarter. The NASDAQ Composite was the best performer, gaining 5.1% for Sep and almost 11% for the quarter. NYSE composite volume reached 3.3b (3b previously).... WTI Crude for Nov shed 54 cents, or 0.5%, to end at US$102.33/barrel while Nov Brent lost 26 cents, or 0.2%, to settle at US$108.37/barrel. For the month, both WTI and Brent lost 5%, and for the quarter, both gained 6%. Gold for Dec delivery fell US$12.20, or 0.9%, to end at US$1,327/ounce and Dec Silver lost 12 cents, or 0.6%, to end at US$21.71/ounce. Gold (-5% in Sep +8.4% qtr) Silver (-7.7% in Sep +11.5% qtr). Implications for Singapore The further pull-back on Wall Street overnight is likely to keep the local bourse on the back-foot this morning. After plunging nearly 1.3% yesterday, the STI is now poised to correct further towards the 3130 resistance-turned-support next. And with the MACD converging bearishly towards its signal line as well, this suggests that the downside momentum could be building up. Below the 3130 initial base, we see the subsequent support at the 3070 resistance-turned-support. On the upside, 3180 is now the newly established support-turned-resistance, with the next obstacle pegged at the 3270 key peaks. |
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seesaw
Member |
01-Oct-2013 10:31
Yells: "Stock market is like see-saw, up and down." |
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Not good with timezone. When is the deadline at Singapore date/time?
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WanSiTong
Master |
01-Oct-2013 10:30
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Oct. 1 (Bloomberg) -- Singapore?s Straits Times Index rises 0.9% to 3,195.86 as of 10:12 a.m. local time. More than four shares rose for each that fell on the 30-member gauge. Gainers:... * Ezion +3.2%, rebounding after slumping 7.2% yday DBS Vickers reiterated its buy rating, saying its proposed share swap with Ocean Sky is a positive long-term development DMG & Partners also kept its buy rating * United Overseas Bank +2%, Jardine Strategic +1.8% and Jardine Matheson +1.7%: biggest gainers on STI * Wilmar +1.6% UOB Kay-Hian reiterates its buy rating, saying the co.?s sugar division will post stronger earnings * Indofood Agri Resources +0.6% co. establishes S$500m euro medium-term note program net proceeds from issue of notes under program to be used for working capital or general corporate purposes Decliners: * Rowsley -41%, heading for biggest drop on record shares start trading today ex-entitlement to proposed bonus issue * Jardine Cycle -1.6% and Olam -1.6%: biggest decliners on STI * Noble Group -1.1% OCBC Investment Research maintains sell rating, saying its agriculture business remains a drag on co.?s profitabilitySee More |
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Isolator
Supreme |
01-Oct-2013 10:19
Yells: "STI is hard landing to below 2000..." |
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Only for pennies.....
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Isolator
Supreme |
01-Oct-2013 10:17
Yells: "STI is hard landing to below 2000..." |
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Just remember policy makers are rich and beneficial to their policy...... That's why crash will only come after all these selfish greedy BS..... Still got quite reasonable time to enjoy the rally..... |
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GorgeousOng
Elite |
01-Oct-2013 10:10
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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Don't worry be happy!!! What will be will be！ Cheers!!!
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Peter_Pan
Supreme |
01-Oct-2013 10:08
Yells: "did you order dunkin' donuts" |
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x 0 Alert Admin |
Come what may.
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Isolator
Supreme |
01-Oct-2013 10:06
Yells: "STI is hard landing to below 2000..." |
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Long Dow.... | |||||||||||||||||||||||||||||||||||||||||||||||||
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Octavia
Elite |
01-Oct-2013 09:56
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STI is currently sitting just above its 50-day moving avarege at 3,166. A break below this support may take the index to the next level at 3,136 from where the STI gapped up on 13 Sep. Topside resistance lies at 3,200 psychological level. | |||||||||||||||||||||||||||||||||||||||||||||||||
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Octavia
Elite |
01-Oct-2013 09:55
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S?pore shares may be in for another volatile session following declines on Wall Street as the deadlocked US Congress headed for a potential government shutdown in 17 years without signs of a budget solution. Investors were also unsettled by political troubles in Europe as the Italian government teetered on the edge of collapse and China?s manufacturing rose less than estimated in Sep. Both the Senate and House of Representatives offered counter proposals, which the other side has rejected. Republicans and Democrtas remained at odds over including President Obama?s health care law in the funding bill. Even if the budget fight is resolved, lawmakers would still face the next fiscal dispute over raising the $16.7t debt ceiling. However, maket losses were moderated amid some hope that a last minute compromise might avert a shutdown. | |||||||||||||||||||||||||||||||||||||||||||||||||
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teeth53
Supreme |
01-Oct-2013 09:29
Yells: "don't learn through life, learn to grow with life " |
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http://www.cnbc.com/id/101074530 With a midnight deadline to take action or shut down the govt, there appeared to be little chance of a deal. Along with CNBC.com's liveblog of events (all times ET) for all the minute-by-minute developments, and for more on the debate see the links below: 9:04: CNN reports, citing sources, that it is possible there may be one or even two more volleys tonight (House passes a bill, Senate rejects the bill, Senate passes their own bill and sends it back to the house). 9:00: Various members of the White House press corps reporting that the White House Briefing Room is being kept open until 12:30 a.m. ET. (The shutdown begins at midnight).
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Octavia
Elite |
01-Oct-2013 08:43
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sista sista... 
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halleluyah
Elite |
01-Oct-2013 08:16
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But dun worry....still got ears to hear.
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WanSiTong
Master |
01-Oct-2013 08:05
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Index Futures Climb as Shutdowm Looms Crude Holds Drop By Emma O?Brien & Nikolaj Gammeltoft - Oct 1, 2013 7:23 AM GMT+0800 U.S. and Asian index futures rose while crude oil held declines as investors awaited a potential shutdown of America?s government. Global stocks slid yesterday, paring the biggest quarterly jump since the start of 2012. Standard & Poor?s 500 Index futures added 0.2 percent by 8:22 a.m. in Tokyo, after the measure lost 0.6 percent in the U.S. Contracts on Australia?s S& P/ASX 200 Index climbed 0.1 percent, while Nikkei 225 Stock Average futures were bid at 14,530 in the Osaka pre-market, from 14,460 in Japan and 14,535 in Chicago. The MSCI All Country World Index sank 0.8 percent yesterday. The dollar was steady against major currencies and West Texas Intermediate oil held near an almost three-month low. With a midnight deadline to keep the U.S. government open approaching, President Barack Obama urged lawmakers to pass a funding bill not tied to his health-care legislation for the sake of the economy. China may say manufacturing growth rose a third month today, after a smaller-than-expected increase in a private factory gauge cast doubt on the strength of the economic rebound. Japan issues data on manufacturing and jobs, while Australia will probably keep interest rates on hold. ?We are at the mercy of whatever develops in Washington,? Michael James, a Los Angeles-based managing director of equity trading at Wedbush Securities Inc., said in an interview. ?An attempt to prevent a shutdown is not totally unexpected, but some agreement will be better than none.? At OddsRepublicans and Democrats remained at odds over whether to tie any changes to the 2010 Affordable Care Act to a short-term extension of government funding as the deadline loomed. The Senate voted 54-46 yesterday to reject the House of Representatives? latest plan, in a party-line move that puts the pressure back on House Republicans. Senate Republicans floated extending by one week the funding deadline to avert a shutdown, a proposal rejected by Senate Majority Leader Harry Reid. Democrats urged House Speaker John Boehner to allow a vote on a spending bill without conditions, a move he opposed. Even if the budget fight is resolved, lawmakers would immediately move to the next fiscal dispute over raising the $16.7 trillion debt ceiling. Closing the government would cut fourth-quarter economic growth by as much as 1.4 percentage points depending on its length, according to economists from Moody?s Analytics Inc. to Economic Outlook Group LLC. Obama said failing to fund government operations would ?throw a wrench into the gears of the economy,? in comments from the White House. |
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gavinl
Elite |
01-Oct-2013 08:02
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Dow futures now green. Dont know can sustain or not? | |||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
Master |
01-Oct-2013 08:01
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World MarketsNorth and South American markets finished broadly lower today with shares in Brazil leading the region. The Bovespa is down 2.61% while Mexico's IPC is off 1.76% and U.S.'s S& P 500 is lower by 0.60%.
North and South American Indexes
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gavinl
Elite |
01-Oct-2013 08:00
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x 0
x 0 Alert Admin |
Think not easy to short today. Yesterday sti already factored in bad news.
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