a jump of from 2980+ to 3580+ from August till now should be considered a BULL as it involves 600 points...you know how long it takes for the index to move 600 plus points previously (may be years)...strangely people still think it is a bear market...for us, we only know that there are still a few weeks left for the BULL with certainty (uncertainty then will come in of which we do not know the movement)...and the 600 plus points up should be considered a BIG MOVE...think the WAIT will never come for someone (missing the boat) whiles some have already LAUGHING to the BANK ...good luck trading :)
Hi Singaporegal,
You would have lost out out many cents in a stock, waiting for ideal time to enter. When you wish to buy, some may already be selling to you at a huge profit.
as i type the sti break the 3% again. however take note of divergence in indicators
STI seem to form a inverted head and shoulder formation. may go up after lunch
arowana, if the houses are really good, all the owners will be multi-billionaires liao...but think they adopt the common strategy in which only constitutes 50% of the market movement (historical analysis whether use TA or what)...and hence sometimes they are correct, sometimes they are wrong...many other factors in play for future...good luck
I'm waiting for the time when there are steady increases in STI backed by large daily volumes (> 2 billion shares). Today's spike may not signal a return of the bull yet.
and to think most houses said sti hit high already and is downwards from here on. if today close above 3505, im gonna shoot them, if i had a gun
Big rally in the morning but can it last? Already I see the STI falling liao. I think people are selling into strength.
3580...another higher high as predicted and laughing to the bank...good luck :)
DOW future open mixed to +ve..
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Some analyst are pointing to a US recession next year. It might or might not happen. US has been experiencing slow growth but Singapore's growth has been targetted to be 6-7% by year end.We all know the US economy is slowing down in the future and yet Singapore is expected to have good growth for the next 5 - 10 years. More jobs and wages are on the rise. Maybe 6 years ago, with the US economy slowing down, we won't have it so rosy. I think it is because Singapore has diversified its economy. Things are different now because Asia is different now.
Unfortunately not people like China stocks after what happend to China Aviation. It is a pity. I see some China companies as the more likely ones to become blue chip companies because the market is huge. Four years ago, Cosco was only 90c, Back then I remember the CEO said he would make Cosco a blue chip company one day. Well look at Cosco now.
As I had mentioned previously, infrastructure as a theme for invetsment can easily last 20 years in emerging eocnomies. Infrastrucure and commodies (materials) are inter-related. With boom in infrastructure, commodities (materials) will be in great demand.
Bad market sentiment affects all stocks. However the fundamentally good ones will eventually go up. So depending on what you invest in, the rewards will be great if you have a long term view.
Hi Starline,
I am confident my 3 point strategy works. I am not saying this based on hindsight i.e it is easy for me to say now that prices for stock have gone up. It was precisely I picked quite a few good stocks and never held long enough that I regretted. Finally, I changed my strategy one year ago.
Explaining about the benefits of margin investment is "exhausting". I have done that in the past already. If one's view is adamantly 180 degree out of phase, it it is hard to align yourself in the "correct angle" and see the benefits. Be flexible.
STI will perform like a roller coaster ride......
Here may has another two (2) reason......hmm.
By Andy Serwer, Fortune managing editor
September 17 2007: 11:01 AM EDT
(Fortune Magazine) -- Alan Greenspan's memoir arrives with remarkable timing for two reasons. One is that at a time like this, with financial markets in upheaval, we yearn for guidance from the oracle who presided over 18 years of relative peace and prosperity in the U.S. economy.
The second is that a wave of revisionist thinking holds that the reign of Greenspan may not have been so great after all, that he bears some responsibility for the twin bubbles of (1st, reason)dot-com mania and the recently (2nd, reason) deflated housing boom.
Just wondering why now !!!, after all he got 18 years to prove that in FED, make me tink an Ex-PM all attemp to whom he dislike, keep criticzising and hope ppl's
.
Greenspan:
11:01am: As his new memoir pulls back the curtain on the mysteries of the Fed, Alan Greenspan spoke to Fortune's Andy Serwer about market mayhem, housing prices, and his new critics. (more)
As his new memoir pulls back the curtain on the mysteries of the Fed, Alan Greenspan spoke to Fortune's Andy Serwer about market mayhem, housing prices, and his new critics.
By Andy Serwer, Fortune managing editor
September 17 2007: 11:01 AM EDT
Hi, Livermore.
I am up for point 2 and part of point 3.
Pennies stocks is in for a long haul.....wait long, long and will be reward and some may even have to be wrrrrritten off as bad business decision.
Pennies stocks is in for a long haul.....wait long, long and will be reward, have profit, take some and leave some for other.
Greenspan warns of rising inflation.
Cutting interest rate in such an environment will make matters worse.
It looks like bad times ahead instead of golden years.