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661-680 of 2099
befOre the PIIGS are Over
a piglet is HUNGARY
STI opens higher
SINGAPORE shares opened higher on Tuesday, with the benchmark Straits Times Index at 2,758.58 in early trade, up 0.24 per cent, or 6.70 points.
Around 82.6 million shares exchanged hands.
Gainers beat losers 65 to 59.
Gone are the days of "business cycles"...
Today's market is a new creature...
which should not be tackled with old concepts...
eg. natural business cycles, a la bull runs ...
because this time round, world economics is all about rescue packages...
The market won't drop straight down so soon...
If not, 'where got meat'? ...
Stocks set to continue slide
NEW YORK (CNNMoney.com) -- U.S. stocks were poised for a lower open Monday as the global economic problem continues to plague investors.
Dow Jones industrial average, Nasdaq and S&P 500 futures were lower ahead of the opening bell.
Futures measure current index values against perceived future performance.
On Friday, stocks plummeted, as a disappointing jobs report and fresh concerns about Europe contributed to a broad sell-off of risky assets. The Dow Jones industrial average lost 324 points, ending below the 10,000 mark, while the S&P 500 and Nasdaq composite slid over 3% each.
World markets: Asian markets fell, as Japan's Nikkei index tumbled nearly 4% and Hong Kong's Hang Seng index lost more than 2%.
European markets lost ground in early tradingl. London's FTSE 100, Frankfurt's DAX and Paris' CAC 40 were all down about 1%.
Economy: On Monday evening, Fed chairman Ben Bernanke will answer questions about the economy at an event in Washington.
Company news: Apple (AAPL, Fortune 500)'s World Wide Developers Conference in San Francisco kicks off in the afternoon with CEO Steve Jobs' keynote address.
Dollar and commodities: The euro tested new 4-year lows against the dollar at $1.1937. The dollar was up against the British pound, but lower versus the Japanese yen.
U.S. light crude oil for July delivery fell 89 cents to $70.62 a barrel.
COMEX gold's August contract added 80 cents to $1,217.50 per ounce.
Bonds: Treasury prices were higher, pushing the benchmark 10-year note's yield down to 3.18% from 3.22% late Friday. Bond prices and yields move in opposite directions.
tanstg ( Date: 05-Jun-2010 10:21) Posted:
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- Hungary is another European country to watch out for default. They have causes a nervous market sell off yesterday.
- Obama accessment on BP breach on oil spill in the Gulf of Mexico. If a six month ban on BP is pass through, many jobs will be lost and further to that we will see an increase in cruise oil per barrel.
- North/South Korea war threat
On the other hand, we may hope for BB to temporary move away from Euro and focus on Asia. This will help generate a more volatile (I mean more money flowing) market with more volume.
hrm, i'm thinking baker tech is a good short... it spiked a few days back with no news.. it'll probably drop drastically this time around?
also.. maybe mermaid and genting too
what do u guys think?
jardine & UOB...
recently up so much!
also, cosco also can short!
short short short!
yummygd ( Date: 04-Jun-2010 23:26) Posted:
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It's a lot worse than expected, with Dow tanking by -323 to fall way below the pyscholgically important level of 10,000, currently at 9931. There will be pandemonium when Asian markets reopen next week and things will get worse with World Cup effect, so it is better to wind up some or all positions and sit it out. There will be opportunitities to buy back at low prices in second half of the year. The gloom will prevail for quite some time and markets are definitely on a general downtrend. Although nimble traders will continue to do well, many ordinary investors will get burnt during this period. Hopefully, the dust will settle by next year and we can invest safely without worrying about such wild swings.
‘Something Serious’
Swaps on Spanish government debt were up 22 basis points at 278, after earlier reaching a record 295.5, according to CMA. Contracts on Portugal were 26 basis points wider at 364.8, while Ireland was up 32 basis points at 292, and Italy climbed 30 basis points to an all-time high of 264, before retreating to 253. Contracts on Greece were 57 basis points higher at 783, down from 798 earlier. The Markit iTraxx Crossover Index of swaps linked to 50 companies with mostly high-yield credit ratings jumped 27 basis point to 584, according to Markit Group Ltd.
This Year award for Leading provider of world crisis belongs to none other than the Euro Zone.
2020-23--China[after 40years of accelerated growth]
2010--Euro[after 40 years of stagnant growth-this one I guess one]
2009--US house market
1997--Asia-4 Tigers[after 30years of accelerated growth]
1990--Japan[after 40years of accelerated growth]
Clap clap
iPunter ( Date: 04-Jun-2010 20:25) Posted:
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Haha, i not sure.
I never short before.
But if you ask me which counter, maybe i can suggest HL Asia.
yummygd ( Date: 04-Jun-2010 23:26) Posted:
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purelotus ( Date: 04-Jun-2010 23:19) Posted:
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iPunter ( Date: 04-Jun-2010 21:49) Posted:
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The Dow is -200 pts...
