Straits Times Index   

STI to cross 3000 boosted by long-term investors

Anyway cut or no cut, this day is well know for volatile trading till all thinfg is settle, and China is watching with catious on it S.hai index very carefully not to rock boat with DOW. 

Cutting interest rate is not a best solution, it only prolong the situation from bad to worst.

 

See What i mean...Sell into strength. ripple effect is unfolding

Record drop in pending home sales 10:03am:  Index that measures contracts being signed for existing home sales drops to lowest level since 9/11 attack. (more) ? Mortgage applications climb DOW -138.19 13,310.67 -1.03%   NASDAQ -16.92 2,613.32 -0.64%   S & P 500 -16.15 1,473.27 -1.08%

 

cut loss, cut profit.....run

 

Some say Market will crush

Some say Market under-going correction, time for one to search for bargains.

What will be the Outcome??

Investment in stock market very tiring..

I think i will rest for two months first... see nothing hear nothing..

 

DOW's  Wave B looks close to completion. Start of Wave C within this few days? Trade short term and with care

 

Danger: Steep drop ahead

Even if the credit crunch passes without a major catastrophe, the prices of stocks, bonds and real estate have a long way to fall.

 

Mickey Mouse exchange giving wrong data for hours-Best in the World?

 

STI index back to normal liao.... 

 

Maybe they can't accept the fact they miss the recovery boat or eyesore when others are making some $$$.

Market is full of deception points. That's why we have FA & TA experts to reason those speculations.

Aiya...HSI losing gains already...STI might change direction soon...

 

 

hi Victorf, I competely agree with you... it seems so, I am glad there are sound people ppl like you around who are not easily fooled... but that is the market too.... all kinds of ppl are out there....

 

An epoch where even blind monkey can anyhow throwing darts had over.

 

seems to have a lot of "forumers" who are trying to talk down the market using the same old story when STI keeps recovering from 3000 to 3400 points....funny...maybe they are shortists, waiting to buy low when they miss the recent recovery, genuine advisers who are rare,etc...lucky Market is the BEST JUDGE and objective one :)

 

Bloomberg 5 /09/07

Commercial property to drop 15% in USA

 

US Housing data is out. Many unsold homes. Construction under pressure.
Just under 3 million potential defaulters of Home Loans in US. It will shave 0.8% of
GDP growth of the US economy.
Many Hedge funds, pension houses and investors will be hit by the redemptions of CDOs.

A drop in interest rate: - US dollars will come under selling pressure. Significantly, imported goods
and services become more expensive. Consumer Confidence Index will be hit by this.

Well, recession seems imminent for US economy ..... months of down turn.....
Cash is the commodity to hold, not-US denominated currency like YUAN, Euro.....

 

Too many stale bulls with huge losses trying to get out.

Cutting interesr rates will not solve the problem of unsold homes and reposssed homes .It would be worse if rentals drop and even worse if you cannot rent the vacant homes.

Markets will drift downwards for weeks to come.

Cash is king even if the US dollar depreciates as deflationary pressures build up-liquidity trap. 

 

still the same advise since 22th August...the market is the best judge and let it WALK THE TALK...good luck

 

Posted: 22-Aug-2007 16:44

x 0 x 0 * Alert Admin

Surprisingly, the market choose to move up in the next three months (August, September and till 8th/15th October to be confirmed the exact date in october)....while there will be some consolidation on the way, it will be "higher up" rather than "lower low" at least till 8th/15th October ...i would advise to buy in the rebound for the next two months...good luck and it is good to know that certainty is back to the market

 

Technically, we are now in the progress of a wave B rebound, which I believe is ending soon. But remember the oncoming C wave will come eventually. If this wave hit below the mark set a week plus back(on that scary Friday), then it will be a much bigger hit towards worldwide market. If it did not hit below A wave, the damage will not be as great.

 

Wow, scotty. You are really sharp. The index is really wrong today. If only during big sell down and the index do not reflect, then maybe the market will not panic so much.

SINGAPORE, Sept 5 (Reuters) - Singapore's stock market suffered its second technical glitch in less than month on Wednesday when the reading of its blue-chip Straits Times Index <.STI> did not accurately reflect actual moves in share prices.

The latest problems at Singapore Exchange , Asia's third-largest bourse, come after Singapore traders had reported technical problems such as delays in prices and trade executions on Aug. 17, a day of particularly heavy trading and share price volatility.

"The STI Index computation may not reflect fully the movement in its components. Market participants are advised not to rely on the figure until further notice," the exchange operator said in a statement.

"Market makers for structured warrants on STI Index may not be quoting prices on those issues," it added.

Dealers had noted the disparity between gains in index heavyweights such as SingTel , Singapore's biggest listed firm, and the index gain of less than half a percent after market open on Wednesday at 9 a.m. (0100 GMT).

Bank stocks, which carry a weighting of 30 percent in the index, were also higher with DBS Group Holdings up 2.5 percent, United Overseas Bank 1.5 percent stronger, and OCBC 1.2 percent higher.

"The STI should be up much more than that -- the banks are up so much," a trader at a local stock broker said.

SGX in February halted its derivatives trading system for several hours after it encountered technical problems. Since then there have been a few other incidents.

In March, traders had problems accessing its ageing Singapore Exchange Securities Order Processing System, or Sesops.

 

I think the STI index is wrong today. Something wrong with the calculation. The number is too low.

 

Thanks singaporegal,

Maybe the worst (panic selling) period already over, but definitely not the subprime thingie.

Just hope that the next -ve news from the US will not sweep us off our feet, again.

Dow doing quite well tonight, at least can hold her gains from last Friday...