The suggestion from the IMF that countries should increase spending, even those with deficits, was seen as 'an indication of the gravity of the situation we face' by former United States treasury secretary Larry Summers.
Tml stocks will be going down again. Then may be just buy some potential blue chips and keep for dividend ba.
Not a good time to contra through
a lot of worries still out there.... global markets likely to see more Red red like angpow in February....
Reasoning, and 'fundamentals' thinking are indeed good and very re-assuring...
But the market's action is something one should pay more attention to than anything else that sounds more comforting... It it is the only way not to be disappointed...
I mentioned about infrastructure being a big investment theme. It still remains despite current bad market sentiment. In today's news, China wants to build 97 airports by 2020 to meet rising demand. Two investment theme are in play here - infrastructure and domestic demand (for air travel).
Ambani, one of the world's richest man and CEO of one of the biggest company in India, Reliance, acknowledged that Indian infrastructure cannot catch up with its development.
The other region I see that is going spend more on infrastructure and where air travel is expected to increase is in the Middle East as they have amassed huge reserves from high oil prices.
In reality, every moment or stage in the stock market's progress is a risk.
So-called "trend" is only perceivable after the event; trend cannot be predicted.
There is no tool to predict trend. All is betting and speculation on tomorrow.
Thus, the stock market, like any other speculative medium, is all about risk.
When we buy stocks, we buy not a company, but a risk! ...

Interesting - Today's ST on Jim Rogers now based in Spore :
Mkt has not hit bottom yet - there is not much fear, rate cuts are false hopes
Even out of Davos, messages of what the future will bring :
ASEAN urge to unite together to face future financial turmoil
IMF - gloomy note - world need serious response to US recession by fiscal/monetary
They know what is going to happen, and the look of the messages, I don;t like the vibes
humans will always repeat the same mistake in the stock market..they neva learn..
don't follow the herds..
when people run, u go in the market
when people chiong the market..u better start running!..
everytime the STI dips jia lat jia lat just go in..no scared..
when it rises up to ridiculous levels u better get out..
i'm an advocate of the following :
Be greedy when there's Fear
Fear when there's greed.
28 Jan 08 is a good day for some and bad day for others. Take care as I said earlier. Cheers.
Just to clarify :
I share Morgan Stanley's view that whether cut rates or don't cut rates or implement stimulus packages - the US will still go into a recession
I think the a) PM and Mr Soros and Mrs Stephen Roach (Morgan Stanley) say US will go into a recession
The b) FED and Mr Paulson dosen;t think so
If I takes sides, I choose the (a) option also
More impt is - which one will you choose ? Its your money
hmm its hard for the fed to do anything cause if they were to cut rates again, it would mean things r really bad and pp like soloman and such will be saying economy is going to crash.
If dont cut rates then market drop, sometimes i think its best for it to drop to 10,360 b4 rushing up again
MONDAY and TUESDAY -
The debt collector will be knocking on the door of STI probably
This is why stock market play is so dicey...
Because no one really knows whether the market is going to go up or go down tomorrow.
Thus, it is more like a 'mild' gambling game... aka speculation...
The US rally did not last for three consecutive days. Hence the reversal is not likely, and it will have a high chance of falling further next week. Let's see what the fed will do about it.
I agree with paperless about the fall means further than "profit taking".
When index treade within the downtrend territory, the fall is means further then 'profit taking'..
Not to worry... :)
The "Cheong Arhhhhh!!!" brigade will be back soon enough like bull-splat greenflies...
It may seem a bear market to some. But when the bear phase is over, some stocks would already have gone up quite a bit. Fourth quarter results for companies are just around the corner
Yeah risk increasing again, was wondering weather to buy on friday, went in for a little fun, guess will have to chop on monday, sianz half.
but could it be due to profit taking, dow rebound from 11,650 to 12,400 - cannot be no profit taking ma, problem is where will it stop ? ard 12,000 or ?
If you analyse some of the stocks out there, their PE in 2006 and their PE now after their stock price have gone up, is almost the same. Incredible. It means these companies earnings have been rising these past one year.