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STI to cross 3000 boosted by long-term investors
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teeth53
Supreme |
09-Oct-2008 23:19
Yells: "don't learn through life, learn to grow with life " |
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Some real stuff here on how over in US talkback...Talkback: Can anything stop the global stock selloff? http://cnnmoneytalkback.blogs.cnnmoney.cnn.com/2008/10/08/emergency-rate-cut-this-better-work/
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teeth53
Supreme |
09-Oct-2008 23:10
Yells: "don't learn through life, learn to grow with life " |
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It better work...Ya. Emergency rate cut: 'This better work'. Will the rate cuts by global central banks eventually calm the markets down? http://money.cnn.com/2008/10/08/markets/thebuzz/index.htm?postversion=2008100812 The cut heard round the world
  teeth tot: The beginning of rich nation clubs in getting their act together to in an attempt to stablized old America ailing financial, rackless western system.One market strategist said the selloff is a bad sign because the Fed and other central banks are running out of ways to effectively deal with the credit crisis. "This better work. This is the last chance," said Jeffrey Saut, chief market strategist with Raymond James Financial. What gives? Well, the rate cuts may be what many investors were waiting for, but that doesn't mean they will work immediately. There will probably be more bad economic reports and corporate news in the coming days and weeks. |
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teeth53
Supreme |
09-Oct-2008 22:27
Yells: "don't learn through life, learn to grow with life " |
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It closed off..Straits Times Index Last:2102.71 Vol:0k  +69.1 on close co-operation from EU, Canada and even China in cutting / lowering it interest rate, so it is a lucky break for today, still there are many players wounded with heavy losses, very scare to buy at the wrong times, fearing that buying into such news as for today...actually nobody know what can happen tomorro. Do not take position is the best option and sell into strength.
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idesa168
Elite |
09-Oct-2008 21:00
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What if it drops further from here. Any rebound later is just recovering losses incurred previously. I kena a few times already... | ||||||||||||
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ozone2002
Supreme |
09-Oct-2008 17:39
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if its a genuine rebound and ya wondering if its the real deal.. then you have missed a golden opportunity.. nobody can tell u when or where the bottom will be.. Go for long term..cos you know that when the bulls r back..it's gonna b much higher than what u bought today,tmr or day after tmr |
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Blastoff
Elite |
09-Oct-2008 17:15
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Signs of confidence coming back or is it a trap???? | ||||||||||||
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iPunter
Supreme |
09-Oct-2008 17:07
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The markets may not be declining badly just due to fear... |
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Kassanne
Member |
09-Oct-2008 16:45
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could be delayed display. Not sure if it's live feed. | ||||||||||||
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Sporeguy
Elite |
09-Oct-2008 16:37
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Why is POEMS not updating its STI for the whole day, still at 2033.61 ? | ||||||||||||
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ozone2002
Supreme |
09-Oct-2008 11:30
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Forget logic; fear appears to have edge The technical term for it is "negative feedback loop." The rest of us just call it a panic. How else to explain yet another plunge in the stock market Tuesday that sent the Standard & Poor's 500-stock index to its lowest level in five years — particularly in the absence of another nasty surprise? If anything, the markets should have been buoyed by the Federal Reserve saying it would shore up another troubled corner of finance by lending money directly to companies. Stocks did open higher, but then quickly tumbled as rumors swirled about the viability of big financial firms like Morgan Stanley and the Royal Bank of Scotland. Anybody searching for cause-and-effect logic in the daily gyrations of the market will be disappointed — even if the overarching problem of a crisis of confidence in the global economy is now becoming clear. Instead, the market has become a case study in the psychology of crowds, many experts say. In normal times, it runs on a healthy mix of fear and greed. But fear now seems to rule, with investors often exhibiting a Wall Street version of the fight-or-flight mechanism — they are selling first, and asking questions later. And that bunker is getting very crowded, so much so that some analysts are starting to suggest the markets are showing signs of "capitulation" — another term of art to describe what happens when even the bullish holdouts, the unflagging optimists, throw up their hands and join the stampede out of the market. Fear can be seen at every turn — in headlines raising questions about another Great Depression, and in the crowds gathered around office televisions to track stocks or to parse the latest pronouncements from the Federal Reserve chairman, Ben Bernanke, or the Treasury secretary, Henry Paulson Jr. Even James Cramer, the voluble and long-bullish host of an investing show on CNBC, advised investors to sell some stock during appearances on the "Today" show Monday and Tuesday mornings. To some, signs of capitulation can be read as an indicator that the bottom may be near. Indeed, Sam Stovall, chief investment strategist at Standard & Poor's Equity Research, is among those who say the market may be close to a bottom. In addition to his analysis of the market, he was swayed by the numerous telephone calls he has received in recent days from professional acquaintances and his sister-in-law, all saying they are getting out of stocks. "More and more people are doing that and selling out," Stovall said. The opposite of capitulation, of course, is investing at the height of a bubble. One oft-cited sign of the housing market's top: when dinner parties are dominated by stories about fast profits on flipped condominiums. During the dot-com boom in the late 1990s, it seemed everybody and their grandmothers were piling into stocks. Now they are bailing out. Tuesday was the fourth consecutive day that the S.& P. 500-stock index registered a decline of 1 percent or more. The last time that happened was October 2002, when the index reached its lowest point during the bear market that started in 2000. The S.& P. is now down 36 percent from its peak a year ago, almost to the day, on Oct. 9, 2007. Another barometer of panic: volatility, reflected in the so-called Fear Index (or the VIX), which tracks options trades that investors use to protect against future losses. On Tuesday, it climbed to its highest level since the 1987 stock market crash. Fear is an immensely powerful force, perhaps more so than greed, said Andrew Lo, a professor at the Massachusetts Institute of Technology who has studied investor behavior. Scientists who have studied the brain function have found that the amygdala, the part of the brain that controls fear, responds faster than the parts of the brain that handle cognitive functions, he said. "Fear is a much stronger motivational force," Lo added. "The loss of $1,000 has a much bigger impact than the gain of a $1,000." He cites a series of groundbreaking experiments in the 1970s by psychologists Daniel Kahneman and Amos Tversky. In one test, they asked students to choose between a sure bet of $3,000, or an 80 percent chance of winning $4,000 (meaning there was a 20 percent chance of winning nothing). Most students said they would take the $3,000. The same question, framed differently, asked them if they would rather lose $3,000 or accept an 80 percent chance of losing $4,000 (with a 20 percent chance of losing nothing). In this case, they said they would take the riskier bet. In other words, they were willing to take a bigger risk to avoid losing money than they were when they stood to make more money. Those instincts seem to be taking over. At this point, any spreadsheet analysis of underlying and intrinsic values of stocks becomes meaningless, and concern for preserving wealth overrides the desire to grow it — what some may call greed. "With negative emotions we tend to have a desire to change the situation," said Ellen Peters, a senior scientist at Decision Research in Eugene, Oregon But "when things are good there is not much desire to change." That perhaps explains why investors are willing to earn virtually no return in Treasury bills just to be assured that they will get their money back, rather than investing in short-term corporate debt that offers a better return but carries some risk. Investors were reminded of that risk after Lehman Brothers sought bankruptcy protection last month. Even banks, which make money by lending to businesses, consumers and each other, are hoarding cash. That is why the Federal Reserve said on Tuesday that it would buy commercial paper, the short-term loans issued by companies and banks. If the market is indeed close to the bottom, history suggests any rally in the next few weeks will probably be big. Since World War II, Stovall estimates stocks have recouped about a third of their bear market losses in the first 40 days after the market hits bottom. But enough investors have to first be persuaded that the economy and housing market will begin recovering soon. Another major test will be third-quarter corporate earnings announcements that will trickle out in the next three weeks. Perhaps the most important indicator will be the credit markets: Investors will regain confidence when they believe financial firms are adequately capitalized and money is flowing more freely through the financial system. Ackman, the hedge fund manager who has been vocal about his bearish views of some financial companies in recent years, said it is hard to precisely time the market. But, he added, "I do think that stocks are getting extremely cheap." David Bertocchi, a portfolio manager for Baring Asset Management in London, echoed that sentiment, saying he was beginning to increase his stake in certain companies. He is taking advantage, he said, of panicked selling by hedge funds that have to pay back loans to their brokers. "That's what drives markets to attractive levels," he said. |
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ozone2002
Supreme |
09-Oct-2008 11:14
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dare to short dare to buy for long term dare to be greedy when others are fearful..
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nickyng
Supreme |
09-Oct-2008 11:09
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HE WHO DARES WIN ! | ||||||||||||
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ozone2002
Supreme |
09-Oct-2008 11:02
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Invest In Great Companies With Solid Fundamentals Remember that crashes are where FORTUNES ARE MADE. It is YOU, the well educated investor from Wealth Academy that must now put all your learnings to the practical test. Now is the time to research on those great companies (wide economic moat, way undervalued, history of consistent earnings, Low or zero debt, high ROE) and buy them at huge discounts when NOBODY WANTS TO TOUCH STOCKS. When the market turns around (anywhere from 1 month-12 months), you will be those very few who can say that the crisis was where you made your fortune and laugh all the way to the bank. This is exactly what our dear Warren Buffett is doing right now, spending billions buying up companies for just pennies to the dollar. He just bought up GE, Added to UNH and also GS. The safest thing you can do is to look at non-financial stocks (the financial stocks have assets that are just too complicated to value) or even just simply buying the Index ETFs! That is a no brainer! As I have always used a consistent dollar cost averaging model, I will not be looking to time the market so much. Rather, I will just happily and consistently add more and more very good stocks to my portfolio REGULARLY at these really great bargain prices. |
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HLJHLJ
Veteran |
09-Oct-2008 10:53
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My advice is not to be too agressive now. Europe side hasn't cleared yet. What about Asia? Still too many unknowns but market looks bottoming out. | ||||||||||||
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teeth53
Supreme |
09-Oct-2008 09:54
Yells: "don't learn through life, learn to grow with life " |
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Stronger support seem coming..YA for STI, now at..2070 points
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arowana1
Member |
09-Oct-2008 09:53
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sti cautiously optimistic? slow recovery... which i prefer instead of panic buying ups. hopefully this is a base, albeit temporary. | ||||||||||||
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teeth53
Supreme |
09-Oct-2008 09:35
Yells: "don't learn through life, learn to grow with life " |
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Support is seen coming for STI 2050 points, but when Euro open for trading, it will turn shakey Straits Times Index Last:2054.27 Vol:0k +20.66
STI has sink to 3-years low after Japan's trumble and plunge as FEAR GRIPS MARKET, predicting Corporate Singapore will be hit in it bottom lines by analysts prediction, financial and commodities sector are most vulnerable to earnings downgraded. flavourable one will be telecoms sectors. (Err..property, Reits sectors is not mentioned in this case). source from: @sph.com.sg |
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ozone2002
Supreme |
09-Oct-2008 09:26
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be greedy when there's fear..cos humans r irrational when they panic.. | ||||||||||||
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idesa168
Elite |
08-Oct-2008 23:30
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I had advised a friend last week to let go his SGX holding for he bought @$13.00+. But he turned down my advise and reason he gave was "I would have lost $6.50 a share if I sell now (SGX was trading at $6.50 then). I would rather hold the paper lost and wait for a rebound." He is anticipating a rebound comes 2010 and SGX will go above $13.00. Now SGX is value at a mere $5.40 in today's closing. The chance for SGX to go above $10.00 in 2 years time is pretty slim, with so many negative news around like banks closing and recession is looming around the corners. STI MUST trade abover 3,500 in order to see SGX abover $10.00. Today's STI is about 2,000 and that's about 1,500 pts or 60% climb. Well advise given, choice is his. Just like a doctor saying you have high blood pressure and needed longterm medication. The doctor can't force his patient to take medicine, but it's his choice to take his doctor's advise....I am not saying I am a doctor...lol. Cheers! |
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trader88.sg
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08-Oct-2008 23:19
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From $1 to 50c, it is 50% loss. From 50c to $1, it is 100% gain, not 50% gain!
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