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ok..
so what is the link between DOW and STI?
paperless,
What is it the earthquake gotta do with STI?
Dow futures give indication that Dow will likely open down.
What's the link betwen the earthquake & STI + Dow futures?
US futures answered u.
Someone just told me that Helicopter Ben has decided not use his helicopter squadron for the job. He got a B52 squadron to do his second bomb drop.
Erm...then what is it gotta do with STI?
6.8 earthquake hits colombia
The USA needs about 150,000 jobs each month to cater to new entrants in the job market.
In august it lost 4000 jobs.This is serious as the home prices are plunging and if you have no job how can you service your credit card loan car loan and housing loan?
At the moment the hedge funds are positioning themselves for a rate cut.
If there is no rate cut or a .25% cut the market will plunge .
If there is a 0.5% rate cut the rebound could last a bit longer.
Overall trend is down as a rate cut will weaken the dollar preventing further rate cuts
Seem to be holding steady now. Hopefully all shortist die today !!!!
STI seem moving up, now is -77.7. I don't think STI will drop below 3000 point, not even below 3200 point except Fed refuse to cut rate on 18 Sep.
Eur Futures
FTSE 100 6,187.00 -123.00 -1.95%
DAX 30 7,433.50 -190.50 -2.50%
CAC 40 5,436.00 -150.50 -2.69%
More market panic ahead as banks 'fess up' on sub-prime. Be prepared for more market panic as major banks continue to 'fess up' to their holdings of US sub-prime mortgage securities over the next several months, said Ivan Leung, JP Morgan Asia chief investment strategist. The world's financial markets are in turmoil as worries over exposure to the US sub-prime mortgage debt has led to a freeze in the credit market with global central banks having to step in to provide liquidity. Around the world, banks are under intense pressure as investors and analysts cast a spotlight on their exposure to sub-prime, or high-risk, property loans in the US through their investments in collateralised debt obligations, known as CDOs. There is little information on the amount of CDOs held by banks, which has led to 'exceptional low' confidence in the banks, said Mr Leung in an interview last week. In the past month, European and Asian banks including DBS Group Holdings and United Overseas Bank have revealed their CDO holdings. '(US banks) originate it, they package it, they sell it - but it doesn't necessarily mean they hold on to it,' Mr Leung said. (BT)
STI now at -92 points
Yen/USD : 112.94
Anyone check the future ?
somehow the STI has to test the below 3000 mark, tommorrow it maybe drop to below this mark.
All being said... the way of the market is beyond anyone's prior knowing...
Say, at this very moment now, just as it is with any other moment in the existence of the (composite) market, no one can really say for sure in which direction it will move next...
So-called "trend" comes into existence, or is evident, only after the event, ie when the moves in a particular direction has occurred, and not before...
Thus, who can predict with reasonable certainty, which direction the market will move next? The answer is, of course, none!... 
Newmoon,
You always manage to find good metaphors for the ways of the market.
There is no need to needlessly/relentlessly go against the obstacles, or the natural flow of the river. The stockmarket, for all its artificialities and deliberateness of human design, still yields to the forces of economic nature - greed, fear, hopes, despair. The market is simply the sum total of the accepted price of the whole economy. The perceived true value is what drives the price changes daily.
Debt is debt in one form or another. Just look at the monthly deficit US clocks per month. Who's paying???
Be like a River.
How do we overcome this mountain of debt?
This cannot be done by relentlessly beating against the obstacle( increasing money supply, desperately cutting interest rate and devaluing the dollar) nor by cowering before it(try working hard and saving and not going to war}
When a river encounters a mountain it does not suffer-it adjusts and turns and reaches it's destination by solving the problem of the mountain.
In time the river will conquer the mountain and erode it peacefully.Both river and mountain will have changed very much over those years .
hi Newmoon,
What an irony! The previous Fed Chairman who ran the Fed for the 90s and created policies to curb inflation and trying to make the US economy tick would come out to say the US may go into a recession.
Capitalists want us to believe that the system will ride through the crisis and correct the fundamental flaws on its own by the market forces. Systems realign itself by the financial institutions.
Be it whatever bubbles, US has not been saving enough and has accumulated debts that will the world markets into a turmoil if the US currency depreciates and the economy goes into a recession.
I don't the rest of the world has decoupled from the US. I guess this is wishful thinking. With a global economy, many financial instruments are so closely inter-linked that we are connected in 1 way or another. In my opinion, a major corrections in any part of the world will impact everyone.
US Subprime- Financial institutions, Pension funds, Hedge funds
YEN Carry trade- Emerging markets borrowings will be heftier, become more expensive
US Recessionary fears- US economy contributes 33% of the world growth, and the multiplying effects from the US vested interests in China, India, SEA..........
A point to note for the rest: You can look at the indices of all the share markets prior to 2007 and compare to the prices then. A drop of 20% of the markets will offer you opportunities beyond your imagination. Everything will be cheap by today's standards.
Have a good trading week.
I share the same sentiment as newmoon on who created the bubble in the first place. First the Sept 11 crash, then all that money spent on wars, then recession, then cut interest rate to "boost" the economy. Guess who is carrying the "baby" now?
