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STI to cross 3000 boosted by long-term investors
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Zed_Long
Member |
10-Nov-2008 02:26
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China has acheive trillions of budget surplus mainly because of her Undervalued Yuan while exporting to USA. Recently crisis has led to thousands of toy factory closures in CHINA which shows that USA and CHINA depends on each other closely. Without CHINA, USA will not have cheap outsourcing country. Without USA, China will not have high budget surplus. CHINA nows enable this stimulus to boost its rural provinces as well as to maintain sustainable growth for short to medium term in other URBAN provinces.. But in the long run, if USA is not able to pick up, China will find herself difficult to maintain her EXPORT as which countries are left with consumption as high as USA? Final main point. Singapore which exports to USA and import from China will face more difficult times if OBAMA is unable to steam up consumption within JULY next year. |
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elfinchilde
Elite |
10-Nov-2008 01:17
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it is china that needs to be watched. europe/US can more or less see the direction. the unknown is china, and that will be the one that tips the equation. | ||||
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cashiertan
Elite |
10-Nov-2008 00:50
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I seriously think we may be in a position where even our fathers never experienced. Also a position where even Traders guru never experienced nor write about in their trading books. in fact i asked one of my forex teacher in US and he also have no clue for he did not experienced great depression nor was even the 80's as bad as this crisis. so we just keep our finger cross and trade while TA still works. Nevertheless, for those who want to trade now, my suggestion is to try with spare cash. dun be eager to catch the 1st worm, i have yet to see a fast recovery from depression within 2 years and i think we just entered recession. FA wise, bush going to hand over to Obama, policy not set, direction not set, Financial reform not decided, i guess many of us will experienced the volatility in market soon. However i am sure that those who are patient can become very rich in future if they can have ample cash to prudently enter only when economy going to recover. |
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cashiertan
Elite |
10-Nov-2008 00:33
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there is a saying, there is a great depression for every generation. i guess this is the one who getting now. many singaporeran are really frog in the well thou they are pretty smart. too well protected in singapore. in the west, where they are feeling the effects of the crisis will know how bad it is getting and wil get in near future. if not handled properly. this depression can last a decade or more! anyway, i guess the mismanagement by FED where interest rates are not raised fast enough during greenspan and where interest rate are not cut fast enough during bernake spells nailed the coffin for this depression. What could just be a small depression now become a great depression due to mismanagement by wrong ppl chosen to lead the FED. nevertheless now is the time where CASH is KING and you guys will feel it very soon.. other than the Arabs i guess the others in asia will feel the crisis very soon |
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dcang84
Veteran |
09-Nov-2008 23:04
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There were signs that hedge funds were selling on rally. I share your view that the worse may not be over. GM over the wekend is already flagging for assistance. Good lord, just how many GMs are out there? Thanks for the sensible advice.
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cashiertan
Elite |
09-Nov-2008 22:59
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buy and hold is for the bb. market timing is for the BB or the real pros in trading, for the middle class, would suggest ride the trend approach. wait for better signs of up trend before enter market.. but even now, the real bb are in trouble hence the current market is not really supportted as like last time. that explained why the dow came crushing... unless the big boys can get loans to come in the market to invest, i doubt there will be massive rally or a v shape recovery. for me, current rebound is more of technical one with real rebound maybe mid next year to 2011 |
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dcang84
Veteran |
09-Nov-2008 22:59
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Oh no.He'll rant in some language alien to most. It can only exacerbate the already heightened sense desperation and uncertainty. Less we forget, he was at the wheels before everything else fell apart.
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cashiertan
Elite |
09-Nov-2008 22:40
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idesa's idea. Those who think STI may have bottomed may be in rude shock. My suggestion is to play small, test water and prepare to take quick profit. |
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teeth53
Supreme |
09-Nov-2008 22:28
Yells: "don't learn through life, learn to grow with life " |
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Good, great spoter like U, better day to come, should be better and more prepare then green & span
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teeth53
Supreme |
09-Nov-2008 22:24
Yells: "don't learn through life, learn to grow with life " |
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There is one very talented banker and he is formerly chief executive (CEO) of Oversea Union Bank (OUB) before United Overseas Bank (UOB) took over....believe he can do a better job then previous/former DBS bank chief, nomally chief executive has some vision. In this case, it is not, so much like us, very ordinary....expand aggresively during sunshine day and when it rain, retrench.... everybody know or knew it as every one does.....SIA does a better job then DBS
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idesa168
Elite |
09-Nov-2008 21:52
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Paul Volcker was the FED chief before Alan Greenspan who is being selected as the new Treasury Secretary for the Obama Admistration. I am sure this news will spur confidence in the mkt. |
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Livermore
Master |
09-Nov-2008 21:21
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There is a photo of Obama in today's newspaper with some of his new team members standing behind him. There is one very important person if you can see is none other than the former US Fed chief Paul Volcker | ||||
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teeth53
Supreme |
09-Nov-2008 13:30
Yells: "don't learn through life, learn to grow with life " |
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Been the chief...this is after all what he can do best and not before this financal crises happened..YA. I called it sleeping on the job and dreaming, since my warning has been posted since July 2007, Obviouly not a sharejunction fan.
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teeth53
Supreme |
09-Nov-2008 13:24
Yells: "don't learn through life, learn to grow with life " |
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What i personnal do not like is this....earning very huge big salary and for what. it is their biggest mistake, misjudgement and yet......enjoyable w/o having to worry about their three decent meal. http://sg.news.yahoo.com/afp/20081107/tap-singapore-banking-company-dbs-earnin-06f3cb7.html
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teeth53
Supreme |
09-Nov-2008 13:12
Yells: "don't learn through life, learn to grow with life " |
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Can not take on such job and or work stress...? Hr dept will be kept even more busier with contract workers, part-timers and hourly temp staffers, anything from S$4/- onward, much lower expectation is required for all effected with this economy down turn, just like 1997 financial down turn, IT dot .com bubble 2003, those willing can still survive whether we old or young :)) for new revamp job.
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teeth53
Supreme |
09-Nov-2008 12:59
Yells: "don't learn through life, learn to grow with life " |
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This one NO wild guess, truth to form, tip of d ice berg, bankers becoming taxi driver, IT professional staffers becoming office admin workers, in all cost must come down.
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teeth53
Supreme |
09-Nov-2008 12:55
Yells: "don't learn through life, learn to grow with life " |
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The beginning of gloooming day to come, with DBS going to slash 900 jobs both in Spore n HK, High salary, longest and shortest servicing staffs 1st to go. those did not have to be retrench, must do 3 to 4 or even 5 staffer job with or w/o o/t been pay and obviously much longer working hours. |
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AK_Francis
Supreme |
09-Nov-2008 01:04
Yells: "Happy go lucky, cheers." |
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Anyone working in DBS/POSB can verify. AK opine that both DBS n POSB counter teller will be slashed. As people now forbial on unit trust, the so-called fund managers or FR would be the first bage to be retrenched. Some unpopular ATM may be closed down as well. Pregnant staff may asked to cut M leave fr 4 mths to 2 mths. Husband extra M leave may be waived as well. Above, AK wild guess only lah.
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bola_no1
Senior |
09-Nov-2008 00:54
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Those retrenched are mostly from IT dept. | ||||
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AK_Francis
Supreme |
09-Nov-2008 00:38
Yells: "Happy go lucky, cheers." |
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Ha ha, what u think, DBS shed 450 jobs in Spore. What next? | ||||
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Angmo somemore (what is so great about......)