Major bottoms occur at the end of a recession not at the beginning of a recession.
All major stock markets are in a bear phase.
Read- daily reckoning australia- bill bonner 15/07/08
What newmoon thinks is not important.
When technicals and fundamentals and the nature of the business cycle coincide it is not advisable to be contrarian.
So u think the mkt is now doom and gloom?
The sky is falling down,as per your prediction?
newmoon ( Date: 16-Jul-2008 09:48) Posted:
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If you are still bullish look up
syharding.com
and find out how many years it takes fo the market to revert to it's peak.
Agreed for sideline move. However, AK view is that if u confident and see that CO will decline further, tikam to buy one lot, esp energy related coy, ie SIA etc, to get some kopi money. terms and conditions apply, ha ha. Your chioice leow.
BTW, if the above proven so, and u don't hv loose cash to hold SIA, then use contra option, to buy SIA on 25(to cover T+3) prior to its AGM on 29 Jul this mth. again, your choice loh.
Anyway, do your own homework for all actions, anytime n anywhere.
Hmm...maybe can see some green today. Market now quite immune to US financial woes.
Asia is more affected by high crude oil prices.
Market is a strange place, sometimes the only winning move is not to play, at least for now.
How? Dow is down below 11,000 but oil price also crash US$6.
Will STI go up or down?
Nw is 136.50 per barrel LOL...
http://news.moneycentral.msn.com/briefing/StockTicker.aspx
May Dow turn green to turn STI n HSI green tml LOL : )
watashi_kelvin ( Date: 15-Jul-2008 23:40) Posted:
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I dunno if I saw wrongly - oil crashed more than $10! Dow rebounded back more than 100 pts. It seems to have something to do with Ben's admission that USD drop had something to do with oil's price.
lookcc ( Date: 15-Jul-2008 22:46) Posted:
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Enjoy reading ur posts.
btw,out of curiousity,are u a contrarian?
cathylmg ( Date: 15-Jul-2008 22:12) Posted:
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hm...newmoon's post does make sense, it's a precautionary tale, if rather dire.
do agree with onesharer though. for those who are sighing and having doomsday bells in their heads: it's simply the nature of markets. what goes up, must go down. similarly, what goes down, must go up.
it's just a matter of when the upturn will come. patience, discipline (no trigger-happy fingers pre-empting tech signals and jumping before the gun) and perseverance will enable success. short term trader or long term investor, it's always about the longterm. ie, what will you be making, overall, 10, 20 years from now?
seen in that light, what's one bear market? we had a bull before this, didn't we? sooner or later, all markets will turn up. it's just when: techs will show the way. we just gotta be patient and not "anyhow jump."
cheers. :)
Joy and pain...hm..the essense of life? Forgive me for getting philosophical. But stock market is a miniature of life. Life is full of joy and pain that comes from ups and downs. Don't you agree?
iPunter ( Date: 15-Jul-2008 19:41) Posted:
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The stock market is a place where joy (of winning) and pain (of losing) exists at different times.
Especially at this moment, when much pain is caused by the falling market, it is good to learn neither to love nor hate the stock market. It is simply a place of joy and pain...
