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Market will never gone, only the punters will. Have some heart, I believe the turn around will come sooner than many have predicted...or at least the drop won't be as sharp now. Cheers!
Market gone case.
Tonight DOW will drop further
he, he, he....STI now in the RED. Mkt still v volatile.
sell out is good... a lot of cheap ones available but still must wait a while... pp sell to use $ for CNY?
Today Bussiness Time digest.
1.Soros warns of worst financial crisis since WWII.
2. Former Morgan Stanley Chief China economist said, China needs to be more selective as it puts its money to work and should not be seduced by the notion that a famous brand is always a guarantee of profits. And the best opportunities will come when American such as Warren Buffette or the Yale Endowment Fun start to buy.
3. Prof Kunz, director and head of investment strategy at Cladicators Leu, said that " A general rule of investment is to buy when no one wants the asset and sell when everyone wants it. But most people work the other way around"
Nowadays, STI doesn't seem very reflective of actual market.. +12 pts only but gainers still beat losers 2 to 1.
Here we go again....same old shit again...
Slide liao... very fast... think alot of pple run...
%$#&%$#@ ......STI +29
oh no....STI +72...and still sliding
STI now +83...sliding
STI is now +90...+88...sliding very fast now
Although the market today looks promising, but could it be due to covering back of those who naked short few days ago?
I'm not sure why when I look at the history of the STI, I have a feeling it can go as low as 2300.
ehh...hello....GLobal Recession DONT JUST COME in a day or two....it arrives gradually ok?!??!...last few days are probably over reacting...anyway...it will chopchop down..and gradually move up..though...abit slower now....hey! it will grow out of current predicament ok?!??! like wat MM Lee said in August 2007...the subprime nuisance will "just go away in a month or two"....i just he meant to say in a quarter or two...hee...well...at least it will go away yeah ?!?!??! CHEERS !!!!
CNY is coming...US Presidential Election is coming...how bad can it get ?!??!?!? :P
yes, maybe in another few more years...now China still export quite a big % to US, not sure about India (think not as big as China). The middle class of China must grow to reduce the dependence.
mike8057d, In the past this is not possible, but now with big economic power heavyweights like China and India, this may be achievable. At least Asia must try to achieve a certain measure of success. Anything can happen in this new millenium and I would not be surprise one day China or even India may rise to challenge the US dominance of the money markets. In the coming days, I believe the creditability and integrity of the US financial institutions will be put in thru the mill.
If the US do not clear the air, STI will have many more choppy sessions ahead even there are rebound now and than.
3000 is a resistance now...yesterday when it touched/neared 2750 support ...it rebounded up...from here we can see technicals play a part...the sentiments are not very bullish yet...3000 will highly not be closed today at...if it is at tt level or near ...it will come down...like a magnet..repel
well...tt's only my personal analysis and viewpoint...markets are so volatile these days
Let see if STI will close above 3,000 today
yesterday i post this comment and it is still my take for the market...we will call for exact day when the uncertainty is gone....good luck :)
| 22-Jan-2008 09:31 | Straits Times Index / STI to cross 3000 boosted by long-term investors |
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there is no good reason for the shares to drop at these level and it is STUPID to sell at the current price (IRRATIONAL PESSIMISM)...as said before, this provides apportunity for long term holders to buy the shares (do not buy all at one time but bit by bit as the uncertainty may end within 6 or 14 days time..exact date to be confirmed and i will make a call)...good luck and not for contra trading |