No worries DnApeh, to each his own (view).
Good Day
Sorry, I beg to differ.
Think this is the 1st warning crack of an unsound building.
Sold off everything liao.
Sort of 'stabilised' a little (except for Sesdaq) now even still within a sea of red.
Yup this should be a healthy trend
I prefer to look at it from another angle, it's good that STI hit another new record and allow those who have been trapped for a long time to cash out so they can then re-invest into other stocks/shares again and hence push them (those lagged counters) to unleash others who are trapped
Trade carefully.
I think 1st support for STI will be at previous high of 3688.
I will only buy when this is tested and holds.
wow man, how come a sudden hurricane? anyone got an idea wats goin on? HSI fell sudd too rite
Sliding to 3750 ?
Right man, profit taking starts around 3 pm.
STI likely to continue to following DOW, on continues profit take.
if not wrong, china QD III shud b activated next wk, then mayb QD IV follows...hehehe.
Good reason to standby in case there's a correction....if not, don't regret not joining the crowd in this rally.....at least your blood pressure is normal.
This is what I would classify as "Building Castles in the Air"
a.k.a. "Musical Chair". Last one holding the stocks will cry. Totally
no fundamentals, PE > 50. Hahaaa..... So just buy then "Build Castles
in the Air" hoping that someone will buy it from you at a higher
price.
..... Extracted from uobkayhian
Greenspan says China stock market has bubble qualities
China's booming stock market has all the
characteristics of a bubble, former Federal Reserve
chairman Alan Greenspan said on Monday.
'If you ever wanted to get a definition of a bubble in
the works, that's it,' he said in a question and
answer session in London, referring to the Shanghai
stock market.
Mr Greenspan was responding to a question about
whether emerging market equities were the next asset
bubble waiting to burst.
Shanghai's stock market has rocketed in recent years
as capital has flooded into China where the economy is
growing at double digit rates, prompting concern about
overheating.
China's policymakers have raised interest rates in an
effort to cool the breakneck pace of expansion, but
with limited obvious success so far. -- REUTERS
Copyright © 2007 Singapore Press Holdings Ltd. All
rights reserved.
China's booming stock market has all the
characteristics of a bubble, former Federal Reserve
chairman Alan Greenspan said on Monday.
'If you ever wanted to get a definition of a bubble in
the works, that's it,' he said in a question and
answer session in London, referring to the Shanghai
stock market.
Mr Greenspan was responding to a question about
whether emerging market equities were the next asset
bubble waiting to burst.
Shanghai's stock market has rocketed in recent years
as capital has flooded into China where the economy is
growing at double digit rates, prompting concern about
overheating.
China's policymakers have raised interest rates in an
effort to cool the breakneck pace of expansion, but
with limited obvious success so far. -- REUTERS
Copyright © 2007 Singapore Press Holdings Ltd. All
rights reserved.
Mkts (local and regional) have ran up too soon and too high recently. Even Dow keeps going up in spite of UBS and Citigroup's massive loss and job cuts, I would think that markets are too much ahead of world economies - might not be sustainable.
DJ MARKET TALK: STI May Rise On US Lead; Resistance At 3790
0018 GMT [Dow Jones] STI could set new highs today following Wall Street's gains; psychological resistance at 3780. DJIA +1.38% at record close overnight; Nikkei also giving positive lead +1.1% at open. Strategist at local brokerage says "STI is on a positive trend; it looks good for the next few weeks." Tips banks to shine on bargain hunting, positive reaction to U.S. bank results overnight. China plays to remain in focus on hopes new Chinese QDII fund will invest in S-chips. STI closed +1.6% at a record high of 3767.41 yesterday. (KIG)
Some will be taking profit, just a gentle reminder from here...
| 23-Sep-2007 | Straits Times Index / STI to cross 3000 boosted by long-term investors |
China Oilfield Shanghai IPO raises US$899 mln. China Construction Bank to list in Shanghai Tuesday. Both above two news will give a big boost to HK bourses while STI may get a lift on it China related listed stocks list in SES. ![]() |
what next? 4700?
