Straits Times Index   

STI to cross 3000 boosted by long-term investors

Well, ego and emotions determine far more of investors´ stock market decisions than most would be willing to admit. Falling prices that at first appear to be bargains generate fear of loss at much lower prices when opportunities are the greatest. Reason is replaced by emotion and respective rationalization. People are motivated by greed (optimism) when buying and by fear (pessimism) when selling.

 

small retailers like us can't control the market...its the BBs and the FMs that lead the market...be it up or down...

 

Why must the prices of  fundamentally strong firms with earnings visibilities up to 2008 and beyond be dragged down when they are not, and never will be, affected by any subprime woes?  May be the BBs or FMs  wish to cause panic selling for their own benefit.  Look at Singtel - its players are "intelligent" and don't believe in playing down Singtel.  They have been defending Singtel so well that in spite of the current down turn, its prices are holding firm very well.   Let's us laymen leave the game of restoring confidence in the market to the Fed. Surely, they will not wish to  see a recession befall US and the whole world which got out of the last recession not long ago.  Hope that the very NEGATIVE postings, as there are already far too many, will become fewer as each day passes.

 

Guys, be more positive!! if everybody lost confidence in the market, this  will lead to panic than to selling than to meltdown than to crisis than to.....believe you don't like this to happen right? this is how the the market function right? correct me if i'm wrong.

 

 

 

Next week will be profit taking week ! Good luck for those enter today !!!

 

DnApeh...please don't use neon green.....now I have long-sightedness

 

Euro open in mixed. That's why our STI also neither here nor there...

^ATX	ATX	Austria	4,468.21 4:07PM SGT	16.05 (0.36%)	Components, More
^BFX	BEL-20	Belgium	4,191.39 4:22PM SGT	6.45 (0.15%)	More
OMXC20.CO	OMXC20.CO	Denmark	490.32 4:22PM SGT	0.75 (0.15%)	Components, More
^FCHI	CAC 40	France	5,529.54 4:22PM SGT	6.21 (0.11%)	More
^GDAXI	DAX	Germany	7,489.68 4:07PM SGT	22.28 (0.30%)	More
^AEX	AEX General	Netherlands	515.70 4:22PM SGT	0.95 (0.18%)	More
^OSEAX	OSE All Share	Norway	536.84 4:07PM SGT	1.00 (0.19%)	Components, More
^MIBTEL	MIBTel	Italy	30,823.0000 4:22PM SGT	2.0000 (0.01%)	Components, More
^IXX	ISE National-100	Turkey	100.28 5:00AM SGT	0.00 (0.00%)	More
^SMSI	Madrid General	Spain	1,573.22 Aug 23	5.94 (0.38%)	Components, More
^OMXSPI	Stockholm General	Sweden	387.90 4:22PM SGT	0.40 (0.10%)	More
^SSMI	Swiss Market	Switzerland	8,733.82 4:22PM SGT	4.68 (0.05%)	More
^FTSE	FTSE 100	United Kingdom	6,210.30 4:22PM SGT	13.40 (0.22%)	Components, More

 

Thanks!

But don't use red leh. I very sensitive to it recently.

So, the bull will charge 3600++ or die trying....

 

DnApeh, no one knows and it depends on the strength of recovery by october...if the previous high of 3600 plus points not breached by then, the market may be in trouble for the next 3 years, else it will carry on to move up till 2010 (maybe till 5000 points which is unbelievable at this stage i know but market always gives your surprises in long term)...good luck and let's see but at least we know the short term trend :)

 

Red Storm coming!!! Everybody go look for shelter now!!!

Aug. 24 (Bloomberg) -- European stocks fell before a government report that may show the U.S. housing recession is deepening. Credit Suisse Group, Allianz SE and UBS AG led a decline by financial shares.

The Dow Jones Stoxx 600 Index lost 0.4 percent to 367.98 at 8:03 a.m. in London, dropping for the first time in six days. The Stoxx 50 slipped 0.5 percent, as did the Euro Stoxx 50, a measure for the euro region.

``I wouldn't be surprised if the situation in the U.S. housing market continued to worsen in the near term,'' said Edward Collins, a London-based fund manager at New Star Asset Management Group Plc, which manages about $41 billion. ``What worries me is the intraday volatility that we are seeing. I want to see that dry up before I get back into the market in a big way.''

New home sales probably dropped to the lowest level in seven years in July, according to the median forecast of 73 economists surveyed by Bloomberg News. Purchases fell to an annual rate of 820,000 last month from 834,000 in June. That would be the slowest pace of sales since June 2000. The Commerce Department report is expected at 10 a.m. in Washington.

U.S. stocks yesterday fell for the first time in six days and Treasuries advanced after the nation's largest mortgage lender said the economy is heading for a recession. Asian stocks retreated for the first time in five days today.

``There are likely to be more nasty surprises from credit markets and hedge funds which will mean that there will be setbacks along the way to reaching new highs,'' said Richard Scott, who helps oversee about $1 billion at Iimia Investment Group in Exeter, England.

Credit Suisse, UBS

Credit Suisse, the second-largest Swiss bank, declined 1.3 percent to 78.75 francs. UBS, Europe's largest bank by assets, retreated 1.1 percent to 62.65 francs. Allianz, Europe's largest insurer, fell 1 percent to 157.4 5 euros.

Petrotec AG lost 4 percent to 5.74 euros. The German producer of Biodiesel reduced its full-year sales target to between 65 and 68 million euros from 70 million euros.

Aker Yards ASA fell 5.2 percent to 63.25 kroner. Europe's largest shipbuilder said second-quarter net income dropped 5.2 percent to 200 million kroner ($34.1 million), trailing the 231 million krone-average analyst estimate in an SME Direkt poll.

Palfinger AG, the world's biggest maker of truck-mounted cranes, gained 5 percent to 36.05 euros after Merrill Lynch & Co. cut its recommendation on the stock to ``neutral'' from ``buy,'' saying ``upgrades to 2007 estimates appear less likely.''

Belgacom SA added 2 percent to 30.47 euros. Belgium's biggest phone company said first-half profit rose as the purchase of a 25 percent stake in its mobile unit Proximus from Vodafone Group Plc last year reduced minority interest payments.

 

Errr, what 'Bull'?? thought STI still down??

 

Hi! Victorf.

Why do you always mention 8th or 15th Oct?

Is it going to be black, black Monday?

 

maybe it is "FRIDAY BULLS" that scare the BEARS away today....strangle no see ACTION from them :) compared to the last 4-5 weeks...haha

 

Oh ya... Its Friday today...

Rem last Friday?

Is Fed going to give early chrismas present tonight then STI will cheong on Monday?

 

not only market is quiet but seems all the BEARS that exist everywhere for the past 4-5 weeks have gone back to sleep :) ...while we are BULLS at least till 8th/15th October ....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

 

what to do?? its friday and it seems no one wants to hold over the weekend.

 

Not only trading volume is low... even posting volume is low too...

 

boring market.... where's Mr. bull? 

 

All become very quiet.....still licking the wounds suffered from the past few weeks crashes?

 

Hmm...looks like today might end up below 3300 level.

Dow futures is in -ve territory now. Looking at yesterday Dow's performance, ending flat meaning giving back all gains to the market. Maybe that's why regional market are all in red.

Good luck to those who is thinking of making some cash today.