Straits Times Index   

STI

Yup, Cashiertan .... Should be another new record chiong for STI today with Singtel and Starhub leading. And bank and property stocks, after yesterday's sell-off. Centillion will have renewed interest too after its JV news is openly published in ST today!

Remember its November, guys ....

My take is STI to above 2,750 mark today! Shiok!

 

Tomolo huat big big? STI new record high?

Now vested in 2 counters for short term. need to support BULL, Hell with the bearish comment from me this pass weeks.

: )

 

i believe that is one of the reason why the china counters retreated recently. good note from billywow.

BTW, those that is vested in the market may need to sit and hold on tight in this volatile trading days where there is much noise and the real trend is blur.

may need to used SMA of longer period for reference than the usual 7/14/21 sma

 

Wonder if China stocks will be affected in future if Democrats are bent on reducing US trade deficit:

"I expect there will be a low rumbling on the trade deficit and the yuan, but the likelihood of there being anything serious in terms of protectionism, at least at the moment, appears pretty limited," said Stephen Green, senior economist with Standard Chartered Bank in Shanghai.

 

HONG KONG (MarketWatch) -- Asian markets ended broadly lower Wednesday, with investors ignoring a stronger finish on Wall Street to focus on a weaker dollar and the implications of Democrats winning a majority in at least one chamber of Congress.

Stock indexes in Australia, Hong Kong, Singapore and Indonesia paused from their record-breaking runs, while Japan's Nikkei 225 Index also fell as the focus shifted to gains in the yen and what the possible negative effects on exporters such as Canon Inc. may be.

The Japanese currency strengthened slightly against the U.S. dollar throughout Asian trading as reports trickled in that Democrats were headed for a majority in the House of Representatives, although analysts were reluctant to make any direct linkage between political events in the U.S. and foreign-exchange markets.

Analysts said, however, that a change in House leadership raised questions about the future of U.S. trade relations with Asia -- and with China in particular -- as issues from currency exchange rates to the trade deficit were likely to come under closer scrutiny.

"I expect there will be a low rumbling on the trade deficit and the yuan, but the likelihood of there being anything serious in terms of protectionism, at least at the moment, appears pretty limited," said Stephen Green, senior economist with Standard Chartered Bank in Shanghai.

"The Democrats have certainly moved away from the Clinton agenda, which was promoting free trade," Green added. "There is more data coming out now that the current free-trade system is hurting not just the bottom-income groups in the U.S. but is beginning to cause very low real wage growth in professions such as accounting and information technology."

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LONDON (MarketWatch) -- U.S. stock market futures fell on Wednesday as Wall Street expressed disappointment that Democrats took control of the House of Representatives for the first time in 12 years, and the possibility that they would control the Senate as well.

S&P 500 futures fell 5.10 points at 1,383.90 and Nasdaq 100 futures shed 6.75 points at 1,745.00. Dow industrial futures slumped 25 points to 12,163.

Markets weren't as bullish on Wednesday. Though markets had largely expected the Democrats to take control of the House, the Democrats weren't widely expected to take over the Senate. The Democrats could take control if they win in Montana and Virginia, two races that still haven't been declared.

"The Democrats are known to be less business friendly than the Republicans and there will be less decision making coming out of the U.S. government for the next two years. It's that simple," said Geoff Langham, head of trading for CMC Markets in London.

International stock markets also were down.

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It seems to be on a downtrend

 

Yesterday and today the market is really spooked, man... and this is in spite of the wonderful rises of the  DOW the previous two nights. All of us expected the market to 'cheong' uncontrollably from the first bell. But it's so sad many of us are battered quite badly instead in the past two days. The market has no mercy at all.

For  punters, to be on the safe side, it is normally better if we determine an exit point beforehand when we enter. Then when the market is against us, we will immediately exit instead of hoping for the price to go back up soon. Well, actually it is easier said than done. We normally can't get ourselves to get out just like that. :)

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Trade With Care

 

 

aiyah.... sian man... I thought sure cheong one..

 

Yes, let's see if STI can rebound after lunch ....

 

what a reversal of fortune over a split second.. i suggest bros take note of this day as a lesson..

market like to correct when ppl least expect it.

 

asian market is consolidating....

NK down 160

HSI down 50

SH down 13

SZ down 40

STI down 3

 

Chiong arhh!!!

 

STI should clear above 2,765 mark today with Singtel and Starhub earnings out today .... Veggie Day!

 

When the STI rises in tandem with all the other Asian Markets, the the rise is  likely to be genuine.


___________________
Trade With Care

 

very interesting info from FSM.

Bill Gross pointed out in his NovemberInvestment Outlook, that lower volatility leads to overconfidence
amongst investors which results in lower and lower risk spreads and
more and more financial leverage. Ultimately, and contrary to common
belief, low volatility can therefore lead to financial and economic
instability.

 

Banks and property stocks are chionging STI now .... Come next year, tech and oil stocks will take over.

 

Lock in profits on a gradual basis and buy in when the correction comes again. But be sure to differentiate a recession from a correction.

Cashiertan, what is your opinion on 2007 outlook?
Is the coming end of 2006 will be another correction then follow by recession in later of 2007?

 

Yes, Xoefxoef .... Agree with you.

STI will chiong 2molo to another new record height! We are in uncharted water now. Wonder how high STI will trend!?!!

Looks like a repeat of the mid-90s boom when S'pore property prices rocketed up - like now!

 

I agree with you cashiertan, better be careful then sorry!!!