Straits Times Index   

STI to cross 3000 boosted by long-term investors

u guys never heard of the rumours frm china meh ? i thought its the only reason spurring asian markets to go up even though DOW going down

 

You're right, it make no sense, unless Sgp economy/stock market  really decouple from the US which remain to be seem. Personally, I felt its just window dressing in play, thus be careful!

ozone2002      ( Date: 31-Mar-2008 09:30) Posted: US down consecutively... STI up consecutively.. don't seem to jive.. gonna accumulate more put warrants..what goes up must CUM down..

 

US down consecutively... STI up consecutively.. don't seem to jive..

gonna accumulate more put warrants..what goes up must CUM down..

 

Hope this help punters buy/sell or shot....We are still in phase three credit crunching,

Mar 29:  Fixing Wall Street means getting investors better information - and the sooner the better. more

 

Bear Stearns, Sub-Prime, UBS Bank, Wall st, Japanese Yen, high oil price,  poorer retail Sales, consumer confident, high property price, lower interest rate by FED. FED injecting more $$$, so is GIC / Temasek, so is Bank of England and so many.....

STI is not ready to climb yet, will just be following.... 

 

dj down .7...

 

STI is under pressure to perform, however it has to take profit for those who bot last week, it is not ready to clmb to higher height yet. Short term still very volatile, just have to trade with care.

 

ASIAONE  TODAY:

Markets brace for slump in Japanese business confidence

 

Guess Japan is a goner, left China and India to hold us up 

 

Due to so much uncertainties, short term or hit n run are still the best strategy. I guess, 31 gonna to be a good day for Long rather than Short, my view.

 

BT :

The STI went up due to hedge funds going from defensive to beta stocks

When they find no body follow them, their plan will fail

Don't carry the baby after 31st

 

See if the STI will breach 3000 level again....noticed the bullishness or window dressing did not drive the market up too much...probably worry they will carry the baby as many unload this time round as uncertainties still hold...

 

Not just window dressing. Also short covering. I believe many shortists are covering back. These are pushing prices even higher.

 

DOW slowly giving up all its gains

Rate cut weakening

Lets see STI can still go up again and again

Next week we will all know

Whether it is window dressing or bargain hunting

 

It seems that many who posted today is about gloom and doom. whts they talking 

 

when u think that its down, its up... when u think its up, its down... DJ up .33% at the moment

 

There are junk stocks and healthy stocks among China stocks. The heavy selldowns could be in anticipation of the many challenges facing businesses in China and possibly more draconian measures by Premier Wen to rein in inflations.

Like whether a cup is half-ful or half-empty, the heavy selldowns could be opportunities for those brave enough to pick up bargains. Warren Buffett said: He likes it best when market is sold down irrationally. That is when he feels like an oversexed person... can't have enough ...

But you got a point about that window dressing thingy... nex week could be unnerving again for traders/investors.

 

Don;t carry the baby after 31st Mar window dressing

Remember alot of fund mgrs unload China stocks becuase they carry too much junk

 

 

one more thing, contra player like me (today due date) hit & run lor, little profit better than none.

 

agreed with cyjerry. like to add few points -

1. today is friday, most players don't quite like to carry babies over weekend unless cash loaded or high risk taker.

2. DOW down 2 conservative night  but STI still manage to cheong. heng ah not red.

3. probia also one of the factor causing STI flat today. watch out for today DOW, if down with red here come monday maybe bloody day for STI but i doubt so  (DOW 2 days red already). don't trust DOW future too much it just a guideline.

just my 2cents...good luck

 

 

U guys dun think something is cooking meh? for two days of DJ dropping more than 200 pts... and ASIA which is the part of the world considered sentiments are still good for stocks and bonds... keeps on rising? especially sti index to stays afloat of 3K? hmmmmm,  though i love the rally but pls dun get caught in the traps as really volume didn't tally with price.... but i hope that the investors are coming back with cconfident which i think is not the case yet... Any other comments???