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Today will be another slow day I think. All waiting for the Fed.
Anyone knows when the decision will be made?
STI closed at...
A $915B bomb in consumers' wallets. Another fearful woes seem coming.......
7:00am: Americans have record credit-card debt and banks are starting to sweat an uptick in default rates, reports Fortune's Peter Gumbel. Why some fear this could be the next subprime. (more)
12:18pm: Stocks slip as investors gear up for expected rate cut; consumer confidence falls to lowest level in 2 years; Merrill CEO resigns; oil prices dip after hitting records. (more)
It may not be so good to own too many stocks. When you have too many stocks, it is sometimes harder to focus. For instance you sell off your shares thinking a crash is going to happen, but the stocks can suddenly surge without alerting you. When you have just a few stocks, it is still possible to keep a close eye on them before they surge up too much. When you have too many stocks, it can be hard to monitor
What bear???
The Dow's big fall last Friday 19 Oct was due to Yankeekiasu's supertition about the '10 year repeat performance'. But that's already pass, hasn't it? We're into Nov.
Global liquidity is going to drive the market higher. That crash the bears have been waiting for might not happen so soon. However just need to be alert.
If you are one of those who only buy when there is a crash, then it would mean that when the next crash happen, you are likely to buy stock prices at a higher price
victorf,
Are you a stock broker?
Monday STI cheong!
But more importantly one is buying a company stock and not a stock called "Market sentiment" although bearing in mind bad market sentiment brings all stocks down.
Those who had held their shares since one year ago until now don't need to worry even if there is a crash
Victorf has been very zhun so far. Let's hear from the man.
Who will be naked when the tide goes down... :)
If one had vested one year ago and just held your shares until now, you would be way in profit despite the market crash in March and July this year. But you had been able to sell your shares during crash and bought back your shares, you would have made even more.
Indeed market heading higher as expected:)
Agree. I'm vested in STI3800 call warrants. Shld break this mark.
Bull run should continue next week!
9:55am: Mortgage lender reveals a quarterly hit much larger than expected but predicts a quick return to profitability as CEO Mozilo touts 'right-sizing.' (
more)
9:32am: Microsoft results help push tech-laden index; Dow higher after Countrywide's rosy outlook. (more)
Then and now....Merrill's (Charts, Fortune 500) CEO is already feeling the pressure after the bank took a massive $7.9 billion writedown in the third quarter related to bad mortgage bets. The losses were far greater than the $5 billion the company had initially estimated., and Oil touches record above $92
Here..... S'pore banks reeled in as S&P cuts rating for 2 debt instruments managed by UOB, OCBC
The world is bracing itself for more aftershocks from the global cerdit crunch after US Investment Bank Merrill Lynch write-down S$11.6 billion.
As of today dow point and figure chart points to 14150-expecting another rate cut.
America is doing the exact opposite of what IMF did to asia in 1997 asian crisis -read SHOCK DOCTRINE by NAOMI KLEIN-ruthlessness of capitalism as expounded by Milton Friedman,
The use of modern torture leaves no physical marks but a human wreck using sensory deprivation, your phobias , sensory excess and modern psychiatic drugs eg insulin coma therapy, psychotropic drugs like LSD and ECT(electro convulsive therapy) to regress you into an infantile state-you can convert the most devout muslim or christian into another religion and you will sign any confession as you have complete amnesia and you are also compltely dis- orientated.
The gyrations of the stock market these days can you mistake up for down and down for up as it completely irrational .A schizophrenic should do well in such a situation/
Mr Mani,
At the Dow thread, u made an optimistic prediction. U read it from your chart?
Mr Mani,
As usual u sound cheerie. Must be still making money! ganbei!
