Straits Times Index   

STI to cross 3000 boosted by long-term investors

say 2morrow decline 100, tue another 46, dream comes true leow. If STI follows previous DJ trends.

 

Let's see how low it can drop tomorrow. Anyone here believes STI will drop and break through 3000?

I'll give it 3 days maximum to attempt this; but I seriously doubt it will even touch near 3000. At best I'd give it a chance to test 3033 by Wednesday should there be a persisting downtrend.

This is frankly more of a time to look for real bargains in STI counters for those with the money to hold.

Yes, tomorrow markets will gap down globally, but who's to say the close won't be higher? In fact, I do suspect the market has reached, or is reaching a bottom by Tuesday.

 

 

 

hehehe... our friend working for hedgefunds.... angmo all plotting to sell "asia"... recall asia financial crisis.

Fantastic, i waiting for the action. This time, asia shall punish the angmo backside leow... hehehe ...ala michael fay.

 

monday just a starting panic selling,,,,,,,,now is lost confidence panics sell,,,,,i think one week heavy selling period coming,,,,,,,,,,,,oil price look like going crazy surge,,,,,,,,,,hope those cannt hold buyer be careful now is a lost confidence bear market,,,,,,,,crazy bargainsell,,,,,,,,jump ship selll..,,,,,,,,no buyer sell,,,,,,,,,,,,,,,,,,,,,june crash day coming,,,,,,,,,,

 

let's see how the volume play will be like on Monday...those fund managers already sold out their counters already...so now left with retail players in the market...i m wondering if the fund managers will be coming back soon to scoop up the bargains as we had seen in the March period 

 

It seems there is some emergency meeting with G8 Asian nations calling on increase in oil production to reduce oil price. Increasing oil output is not the solution to high oil price. If only there could be some trading curbs or a stop to oil futures trading and maybe some of  those analysts should stop giving their ridiculous oil price target in the short term, maybe that would help.  

 

don't think the drop will be that bad actually. fact is that most savvy investors, foreign funds and retailers are out of the market already; the low volume is only because of the local BBs and the gungho small fries. so loss is likely to be limited by bargain hunters.

would however be a mistake to start bargain hunting too early though. not time yet. patience. wait for the foreign funds to move.

 

come monday..pandemonium...

MARGIN CALLS, CONTRA players shut out, those who want to cut loss for whatever reason..

time to profit in both sides of the markets!!

 

Let hope Hangseng will save us tml... OMG!!!

 

It won't be halted...it can go into ressesion. What oil producing state seeing is now $$$ and when oil dried up eventually as of now, some producing state has to used state of art technology to extract every drop of oil fron their existing well, with less oil well been found, oil producing state will oso have it own dilema, so is developing and developed states and those in the third world. S'pore will still be ever more then ready to take on such challenging task ahead of those dark cloud hovering over those horizon. Strenghtening Sing $ is one way, pluging into world niche market is another, converting into high tech Industries and last but not the least, rich in tourisium for the the rich.

From Russia with lov.........

 

if you all dun sell due to panic and the shortis no chance to take the ADVANTAGE ( DOW -394)  

 therefore i believe the STI wont feel the pain and drop

what STI require is confident and not panic. stay together to against the shortis 

last friday STI suppose to surge after DOW up +213 but just marginal up by 2.84

 

DUN PANIC SELLING then

      THE MARKET WILL NOT FEEL THE SELLING PRESSURE

and SHORTIS NOT CHANCE AT ALL

 

HAHAHA

 

 

tanglinboy      ( Date: 08-Jun-2008 07:52) Posted: My prediction - market tommorow will open at -80 at least.

 

Driving consumers to less then confident as thing, every things becoming more expensive, living on cheap and good things is all, but gone liao...Be prepare to adjust to live more on another 100% increases on expendable items (oni if our govt may cushion to soft landing by way of strenghtening Sing purchasing dollar against other basket of....). All things consider, it can drive into ressesion when consumers lost faith against ever raising oil prices that drive all our world economic engine.

 

Just think about the millions of people out there who are struggling. It is sometimes easy to forget others when we are living so comfortable here

tanglinboy      ( Date: 08-Jun-2008 07:50) Posted: Good post Livermore. Will we see $US150 or even US$200 oil soon? The effects of that would be disastrous. The global economy will sputter and grind to a halt. Livermore      ( Date: 07-Jun-2008 13:51) Posted: Oil price reached US$139 last night. It is ridiculous at this stage. The world is facing global inflation. How did we come to this? Frankly the signs were all there in 2004 when it was reported about China and India's growing economies and their growing need for oil.   It's really because of oil and no thanks to a certain extent, speculation which has led to its high price. If not for high oil price and climate change, there wouldn't be a need to look at bio diesel. This coupled with a growing world population and the spending power from emerging economies has resulted in high food price.   If you see what is happening in India, Indonesia and Malaysia, it should be realised that subsidy is never good in the first place. It is very hard to appease people when you need to take away something that they have been used to for a long time.   One year ago, Vietnam was a up and coming economy and was the second fastest growing economy after China. Now its economy is in a major slump with inflation at 25%. Its stock market is in free fall and a currency crisis loom ahead.   In such times, it is always the poor who suffer the most. Next time when you take a meal, spare a thought for the millions of people out there in the world who are struggling to pay for food to survive.

 

Could be a good time to grab bargain deals tmr.
The banks should close slightly lower. DBS 19.5, UOB 19.2, OCBC 8.2
Property will be hit Capitaland 6.15, KepLand 5.15
Stocks tat could rise in uncertainty situation : Wilmar, Noble, Olam, NOL.
Have fun trading tmr.

www.investinsgx.com
 

 

My prediction - market tommorow will open at -80 at least.

 

Good post Livermore.

Will we see $US150 or even US$200 oil soon?

The effects of that would be disastrous. The global economy will sputter and grind to a halt.

Livermore      ( Date: 07-Jun-2008 13:51) Posted: Oil price reached US$139 last night. It is ridiculous at this stage. The world is facing global inflation. How did we come to this? Frankly the signs were all there in 2004 when it was reported about China and India's growing economies and their growing need for oil.   It's really because of oil and no thanks to a certain extent, speculation which has led to its high price. If not for high oil price and climate change, there wouldn't be a need to look at bio diesel. This coupled with a growing world population and the spending power from emerging economies has resulted in high food price.   If you see what is happening in India, Indonesia and Malaysia, it should be realised that subsidy is never good in the first place. It is very hard to appease people when you need to take away something that they have been used to for a long time.   One year ago, Vietnam was a up and coming economy and was the second fastest growing economy after China. Now its economy is in a major slump with inflation at 25%. Its stock market is in free fall and a currency crisis loom ahead.   In such times, it is always the poor who suffer the most. Next time when you take a meal, spare a thought for the millions of people out there in the world who are struggling to pay for food to survive.

 

as ak posted earlier, nx mon gonna be extremely bad. your choise leow. cash is king then.

 

it is by no way this kinda market is logical anymore ...up and downs are not in the usual predictive mode it used to be 

victorf      ( Date: 02-Jun-2008 09:40) Posted: it is by no means conicidence that last friday index close at 3192 as it is parking for traders to look for sign of US market for it to break through.....as said before, market will move higher high till 18th July and 3192 will be broken (whether through 1,2 or 3 attempts)...good luck :) Posted: 28-May-2008 12:10       Contact victorf          *  Quote this Post! x 0 x 0 * Alert Admin market will move higher high till 18th July (from 27th May in which index start at 3103)....foresee 3192 resistance will be broken soon...good luck :) As said always, Market is always Right!!!

 

Oil price reached US$139 last night. It is ridiculous at this stage. The world is facing global inflation. How did we come to this? Frankly the signs were all there in 2004 when it was reported about China and India's growing economies and their growing need for oil.

 

It's really because of oil and no thanks to a certain extent, speculation which has led to its high price. If not for high oil price and climate change, there wouldn't be a need to look at bio diesel. This coupled with a growing world population and the spending power from emerging economies has resulted in high food price.

 

If you see what is happening in India, Indonesia and Malaysia, it should be realised that subsidy is never good in the first place. It is very hard to appease people when you need to take away something that they have been used to for a long time.

 

One year ago, Vietnam was a up and coming economy and was the second fastest growing economy after China. Now its economy is in a major slump with inflation at 25%. Its stock market is in free fall and a currency crisis loom ahead.

 

In such times, it is always the poor who suffer the most. Next time when you take a meal, spare a thought for the millions of people out there in the world who are struggling to pay for food to survive. 

 

THE 1 DAY GREAT SINGAPORE SHARE SALE TO BE CORRECT ........