Straits Times Index   

STI to cross 3000 boosted by long-term investors

Fed cuts interest rates by 75 basis points

Acting forcefully against economic risk and financial market meltdown, the Federal Reserve cut its overnight lending rate by 75 basis points to 3.50%, the Fed announced Tuesday. It was the first time the Fed had cut interest rates between meetings since the 9/11 attacks in 2001. "The committee took this action in view of a weakening economic outlook and increasing downside risks to growth," the Federal Open Market Committee said in a statement. Downside risks to growth remain. The committee met on Monday evening.

 

hope this u- turn is the start of something good.....lets see dow tonight.......

Yes, jackjames, we must learn how to reserve & use our bullets carefully,  cos not enough. Took this chance to rebalance my portfolio.....sold some shares to buy blue chip. Intend to hold for long. 

 

Wat an amazing u-turn.....

Up & down so fast... 

 

Correction, sti closed at -50.6 last updated

 

wow any concrete evidence to show that USA is in recession now?

Is it going to be worse if USA is truely in a recession 

 

that's why rich people getting richer, because they got too many bullets, can shoot at different level while STI was 3200, 3000, 2800.... 2000, 1500...etc... haiih... like for us, one shoot, almost everything gone... must learn how to reserve more bullets man...

 

sti make last minute u turn....from -120 plus to close at -72.85  and europe is green now...a ray of hope?

 

The Ninja can't influence much on the world's investment climate. Lets see how DJ performs tonite. I foresee DJ will slide 300 pts or more tonite, I really pesimistic on the current market but life still go on. Cheers up.

 

Think twice: 

-Do not allow losses to go unmanageable
-When market is against you, avoid it

Technical rebound not insight..and no end to the meltdown. CNY is coming.....


Cash is King.

 

HSI dropped massive today....a whopping 8%

 

4 pm and HSI is closed. watch for the real STI tanking now, as per yest.

pls be careful...

 

maybe a piece of good news from the Land of Sun Rise

Japan's economy still solid: PM http://news.asiaone.com/News/Latest%2BNews/Business/Story/A1Story20080122-46101.html

 

I can not find any good news nowadays..........all bad news.

 

Global economic crisis 'serious': IMF Chief

Investors skeptical of U.S. stimulus package, says IMF's Strauss-Kahn; an American recession would spread globally, he warns.

http://money.cnn.com/2008/01/21/news/international/europe_econcrisis.ap/index.htm

 

		Tuesday		Monday
	ST Index	2,789.90	-127.25	2,917.15	-187.10
	Volume	2,091.3M		2,151.5M
	Value	$2,104.9M		$2,384.2M
	Gainers / Losers	112 / 765		153 / 711

 

there is no dead market (good or bad or so so).....STI is going to have trading activitiy come rain or shine......every day except public holiday and weekends.

 

thats just a short-lived intraday short-covering rebound.. intra-day downtrend still intact.. market going to be so volatile like this all the way... well at least its not dead..

 

STI still down by 96

 

Ya...HSI rebound now...hope can sustain.

 

It's gonna happen now...hopefully.