credit melt is cute....
Memories is short...playing into our sub-conscious mind. scary
Red, red roses @-}-}---
1st credit issue
, then credit squeeze
, next credit crunches
, what next ?
, credit melt.......
Cash is king....Hmm
Red, red roses @-}-}---1st credit issue
, then credit squeeze
, next credit crunches
, what next ?
, credit melt.......
Cash is king....Hmm
Asian Markets all deep in red
| ^AORD | All Ordinaries | Australia | 5,137.000 | Components, More | |
| ^SSEC | Shanghai Composite | China | 3,866.212 | Components, More | |
| ^HSI | Hang Seng | Hong Kong | 21,153.61 | Components, More | |
| ^BSESN | BSE 30 | India | 15,760.52 | 0.00 (0.00%) | More |
| ^JKSE | Jakarta Composite | Indonesia | 2,304.248 | Components, More | |
| ^KLSE | KLSE Composite | Malaysia | 1,194.84 | Components, More | |
| ^N225 | Nikkei 225 | Japan | 11,726.99 | More | |
| ^NZ50 | NZX 50 | New Zealand | 3,429.789 | Components, More | |
| ^STI | Straits Times | Singapore | 2,753.46 | Components, More | |
| ^KS11 | Seoul Composite | South Korea | 1,538.4 | Components, More | |
| ^TWII | Taiwan Weighted | Taiwan | 7,900.80 | More |
on the 22 Jan...the lowest we went to for this year is 2746....and currently i m seeing STI hitting this level
Jan low broken.
1st stop is 2750, if not sustainable according to analysts, it will head towards 2600-2650.
below 2800 already...
Market just crashed 70 points
Mai Thu leow. Key in any your favourite counters now to Q for tomorrow open market.
let's hope for some rally this week if Fed cuts the rates again...then it will probably be another good time to offload
Those who push STI up 33 pts on Friday have to face the STI down on Monday
Shortists this time will win on Monday at 5 pm - no doubt about that
This week will see if there is a run on Bear Stern
Cash is King, all the optimism is thrown out of the window.....
Bear rules......
we shall observe STI if break the 2800 level...likely to be on Monday if not some time this week...
Not careful. Bear Stearns sound like Bear Street Earns liao
U and me really don't know how much, except a few insider know, We have yet to read the full picture of disclosure of how much our has taken those CDO losses. What we read on paper is what we know and we really don't know the full disclose, so take it at this value 1st, till then will we see another one like Bear Stearns coming....!!!. Same goes to Temasek risk venturing into Shin Corp.
Fear
or Greed
?Which is your emotion now
How much exposure our local banks have for the sub-prime?
Have it been written off yet?
Be prepare for the volatile trading come Monday morning.
http://sg.news.yahoo.com/afp/20080315/tts-us-bank-banking-company-jpmorgan-bea-972e412.html
WASHINGTON (AFP)The near-collapse of US investment giant Bear Stearns & its Fed Reserve bailout on Friday heightened fears that the worst is not over for the spreading global credit crunch.
Bear Stearns, among the hardest hit by the collapse of the US subprime, or high-risk, mortgage market, said it was getting an emergency loan from JPMorgan Chase backed by the Federal Reserve after its liquidity position had "significantly deteriorated."
Bear Sterns - ST today :
- tumult in US looks set to intensify this week
- may postpone the eventual sale of Bear Sterns
- potentially larger calamity
Imagine this. How to solve by pumping in more $$ or lowering interest rate.
US$1.2 trillion lost, more to come, rather then less to come as pool of more defaulters loans will deteriorated continually, so this year end will see some good news, bad news is also around to haunt us,
This world trading system is going to throw us up side down and inside out.