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STI to cross 3000 boosted by long-term investors
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derekchong
Veteran |
26-Aug-2007 11:55
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x 0 Alert Admin |
Agree with cashiertan and ipunter on market direction.Sell on strength and wait for October crash. Buy at year end of 2007. |
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timewatch
Senior |
26-Aug-2007 10:22
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x 0
x 0 Alert Admin |
When buying from a counter, which is better to buy. 1.The ones over bought OR The ones oversold. | ||||||||||||||||||||||||
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jkbk007
Senior |
26-Aug-2007 08:13
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x 0
x 0 Alert Admin |
In the year 2000, the S&P made a decision that the type of mortgages known as a piggyback were no more likely to default than a standard mortgage. As a result piggyback loans transformed the mortgage market lending into a boom in what would become a subprime mortgages. The piggyback loan is a loan that backs on top of a regular mortgage like a second. Thus 100% housing financing is acheived when someone takes the piggyback loan to pay for the first 20% downpayment. The next phase came in when the bank starts to allow loan with no-docs or no income verfication. So not only did the banks allow people to buy homes with no money down, they loosened up the lending standards. These allowed the subprime market to mushroom. As if these were not enough, the lenders also started to play with the interest loan to entice further lending. Lenders created teaser loans where the loans for the first 2 years are fixed a low rate and becomes variable after that. All these were going on during 2004, 2005 and 2006 and it was also the period that Fed began to raise interest rate. .........(to be continued) "When Bernanke says the situation is not that bad, it is that BAD." Bernanke's job does not allow him to broadcast the real picture. |
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cashiertan
Elite |
26-Aug-2007 03:37
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x 0 Alert Admin |
just sell on strength. the recent rally is part of the raise before another dip. this time may even break the prev low, thou the govt may step in.. |
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cyjjerry85
Elite |
25-Aug-2007 21:14
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x 0
x 0 Alert Admin |
we are a little more settled down with the credit worries in the US markets at the present moment...i am actually monitoring the market situation in the China market now...seeing it climb to such a current height..it has the potential for a correction...and also noticing the Bank of China actually had over US$50 million to be accounted towards potential losses in the recent downfall... | ||||||||||||||||||||||||
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Manikamaniko.
Master |
25-Aug-2007 21:00
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I tend to be on Cashier's side about the market's direction... viz a double bottom formation before a more reliable rally can be expected. |
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soloman
Master |
25-Aug-2007 18:48
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x 0
x 0 Alert Admin |
Thanks for your views by cashiertan & popdod Enjoyed very much your contrary views |
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popdod
Member |
25-Aug-2007 16:18
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x 0
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I'm very much concur with cashiertan. This guy gives a nice TA explanation on 24 Aug. http://www.youtube.com/user/inthemoneystocks Trade with caution. |
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cashiertan
Elite |
25-Aug-2007 16:13
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x 0
x 0 Alert Admin |
i disagree, in fact i am more prepared for a dip again to the level of prev low or abv it. the DOW need to form a W formation else the climb wont be sustainable. at the current look of DOw, it is either forming a V or the 1st half of W formation. Watch it tightly as the market should dip again real soon. next is the volume, it wasnt high volume thus BBs is easily able to manipulate the chart. |
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soloman
Master |
25-Aug-2007 15:27
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x 0
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Agree that STI is on the way up. American DOW is champion because they are world leaders and rightly so - seeing they way their market leads the European and Asian markets Shortist/hedge funds shortists - can find another job as volatility subsides People are less panicky now Some shortist or investors yet to invest still try to play up the bad news !! Too bad, market has come up quite a bit - and will come up more by the weeks ahead |
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newmoon
Veteran |
25-Aug-2007 15:08
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x 0
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Pure chartists are bullish. Major indices have broken out on friday. Week ends on positive note. Read internetnetnews.com ( comments by Paul Shread. ) |
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teeth53
Supreme |
25-Aug-2007 14:11
Yells: "don't learn through life, learn to grow with life " |
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x 0
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NEW YORK (Fortune) -- In a clear sign that the credit crunch is still affecting the nation's largest financial institutions, the Federal Reserve agreed this week to bend key banking regulations to help out Citigroup (Charts, Fortune 500) and Bank of America (Charts, Fortune 500), according to documents posted Friday on the Fed's web site. The Aug. 20 letters from the Fed to Citigroup and Bank of America state that the Fed, which regulates large parts of the U.S. financial system, has agreed to exempt both banks from rules that effectively limit the amount of lending that their federally-insured banks can do with their brokerage affiliates. The exemption, which is temporary, means, for example, that Citigroup's Citibank entity can substantially increase funding to Citigroup Global Markets, its brokerage subsidiary. Citigroup and Bank of America requested the exemptions, according to the letters, to provide liquidity to those holding mortgage loans, mortgage-backed securities, and other securities. This unusual move by the Fed shows largest Wall Street firms are continuing to have problems funding operations during the current market difficulties, according to banking industry skeptics, even the biggest brokerages have been caught off guard by the credit crunch and don't have financing to deal with the resulting dislocation in the markets. Fed has taken this step merely to increase the speed with which the funds recently borrowed at the Fed's discount window can flow through to the bond markets, where the mortgage mess has caused a drying up of liquidity. |
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teeth53
Supreme |
25-Aug-2007 13:59
Yells: "don't learn through life, learn to grow with life " |
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x 0
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newmoon
Veteran |
25-Aug-2007 12:24
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x 0
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The money markets are opaque and the DECEPTION is worse than at the race course and Wembly stadium The amounts of money invoved is in the trillions so insider knowledge is all important not charts and fibonacci numbers or recommedations by your friendly broking houses. The R word is back-economic expansion based on leveraged debt is good for Wall Street but bad for the world. This is not real business but monkey business. |
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mediacraze
Member |
25-Aug-2007 07:29
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x 0
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DOW closed - 142.99 We should see a bullish coming Monday... cheers 
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teeth53
Supreme |
25-Aug-2007 03:06
Yells: "don't learn through life, learn to grow with life " |
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x 0
x 0 Alert Admin |
Just my tot, Many is thinking to sweep sub-prime woes into & under the carpet as doe nothing has happened. 
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7habits
Member |
25-Aug-2007 02:24
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Victorf, Any comment on below report from CNNMoney.com. Again October ???. ========================================================== LONDON (CNNMoney.com) -- Investors are expected to hit hedge funds with a flood of redemption requests this fall, but those who try to withdraw their money may be in for an unpleasant surprise. Most hedge funds have "lock-ups," a minimum period of time during which investors agree to tie up their money and not make any withdrawals. Once that period ends, investors generally can redeem their stakes as long as they give advance notice, usually 45 to 90 days before the quarter end. Although that cut-off has passed for many funds for the current quarter, investors can still put in requests to get their money out by year-end. But hedge funds also can slow withdrawals, or suspend them altogether. While they're usually loath to do this, since it can signal that a fund is on the verge of collapse, current conditions may result in more funds not letting investors take their money out - at least not immediately. Risk returns with a vengeance Hedge funds have been hard hit by the recent turmoil in the market. Two Bear Stearns hedge funds heavily invested in securities backed by subprime mortgages blew up in June. Ensuing volatility claimed funds at Sowood Capital Management and led to big losses at so-called quantitative funds, including some run by Goldman Sachs (Charts, Fortune 500) and others. The losses sparked panic in the market, as well as worries that more problems will surface at other funds. That's raised expectations that hedge-fund investors, which include institutions like university endowments and pension funds, will try to rush to get their money out before losing more. That, in turn, can unleash a vicious cycle: As hedge funds lose cash, they're left with less money to invest, which can make it difficult for the funds to recover and hasten a downward spiral. To avoid that scenario, hedge funds can make it tougher for nervous investors to bail out. For example, they can slow redemptions by imposing a "gate," which allows them to cap the amount investors withdraw during a given period - usually at 20 percent of the fund's net asset value, according to David Nissenbaum of law firm Schulte Roth & Zabel, whose hedge-fund practice dominates the industry. They can also block withdrawals completely, for instance when they can't accurately value the fund's assets or don't have the money to meet requests, legal experts say. Bear Stearns (Charts, Fortune 500) froze withdrawals on a third fund this month, although the reason for the suspension was unclear. Bear Stearns did not return calls seeking comment. Markets have stabilized recently, which is helping some funds. Leonard Chazen of law firm Covington & Burling said recent signs that merger activity hasn't completely stalled has helped ease redemption pressure among the funds he works with, which invest in buyout deals. But there's still uncertainty over how long the calm will last. "The trend in the area I work in is positive, but we could have a whole new set of events tomorrow," Chazen said. Lining up to cash out And that unease is fueling expectations for investors to keep cashing out. Credit funds and those exposed to subprime mortgages are the most at risk, analysts say, but amid the liquidity squeeze, some investors who need cash are even unwinding positions in funds that are performing well. Of the more than 9,000 hedge funds that currently exist, at least 2,000 are vulnerable to "runs on the bank" by investors, according to a memo law firm Morrison & Foerster recently issued to its clients. Pension funds are especially likely to be pressured to pull their money in volatile times, said Evan Flaschen, a bankruptcy specialist at law firm Bracewell & Giuliani who represents many hedge funds. "There will continue to be redemptions because so much money invested in hedge funds is from pension funds and state trust funds who assumed returns were always going to go up," Flaschen said. It's unclear how many investors will end up fleeing hedge funds, but pressure is expected to mount as the end of the year nears. The problems at quantitative funds didn't surface until this month, which means nervous investors in funds requiring a 60- or 90-day advance notice weren't able to make withdrawal requests for the third quarter ending in September. They may rush to the exits at the first opportunity in October. "There is a growing concern that we could be looking at substantial redemptions in the fourth quarter," Nissenbaum said, which could pose a big challenge for the hedge-fund industry. If funds take the extraordinary actions of using the "gate" or suspending redemptions, "this will be a real test to see whether investors can forgive and forget or if this will remain a black mark on the record of fund managers," he said. |
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Manikamaniko.
Master |
25-Aug-2007 00:48
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x 0
x 0 Alert Admin |
The Dow is showing signs of a bearish wedge forming... |
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singaporegal
Supreme |
24-Aug-2007 19:05
Yells: "Female TA nut" |
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x 0
x 0 Alert Admin |
The market is so quiet today! Less than 1 billion shares traded. Almost unheard of..... One good thing out of this is that it brings the free falling to a screeching halt. |
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cyjjerry85
Elite |
24-Aug-2007 18:34
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x 0
x 0 Alert Admin |
hmmm....currently the Euro markets all are in slight dips of red.... | ||||||||||||||||||||||||
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