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68901-68920 of 69565
STI drop 13.84 pt on Friday (very small-consolidating) when compare to drop of 190 pt at one stage and closed STI 3,104.15 pt, down 127.87 pt on (Wed 28-2-2007).
The start of regional fall starting from China browse, then again Shanghai closed up 109.28 pt on d same day (Wed 28-02-2007)
Share counter has not much effected by the last few days fall, like TT Int and CitySprng, some infact like Gen't and star cruises recover even fasterafter the fall, just tot of sharing my tot.
Jackjames... :) I like it... you are not talking rubbish... hehe... :)
By the way, I read in todays newspaper report that one housewife said she "made $100,000" in the stock market...so losing $20,000 in the past few days is not a big loss.
Do you believe that?... :)
** correction **
May 10, 2006 STI - 2546 points
According to my analysis, last year correction happen in May.
May 10, 2006 STI - 12546 points
June 14, 2006 STI - 2277 points ( that is 13.8% drop)
Feb 26, 2006 STI - 3307 points
March 1, 2006 STI - 3078 points (that is 7% drop).
Well, with the same percentage correction as last year, it can reach as low as 2862 points... once again, looking at the situation now, it seems like the worst is not over yet... I shall not invest in any counters now yet, just stay sideline to monitor.
As for India sensex, last year, they drop 27% . Currently, it has dropped 12.3%.
DOW down 120pts....
Next week should be booming again. Investors have the weekend to see what damage has been done to their portfolio. Switching to quality stocks may occur.
Selldown may not be over but outlook good: analyst
(SINGAPORE) The stock markets probably aren't yet done with the selldown, says JP Morgan economist David Fernandez. But beyond the market correction this week, he is highly bullish about the global growth outlook, and ventures that the United States will begin raising interest rates before the end of the year.
(SINGAPORE) The stock markets probably aren't yet done with the selldown, says JP Morgan economist David Fernandez. But beyond the market correction this week, he is highly bullish about the global growth outlook, and ventures that the United States will begin raising interest rates before the end of the year.
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Concern about a US recession may be warranted but premature. It's more a 2008, '09 story; not '07.
- JP Morgan economist David Fernandez |
Analysts and market watchers are 'still struggling to make sense of what happened' this week, he said at a talk yesterday. 'But at this stage, I'm relatively sanguine about the fallout.'
Mr Fernandez, managing director and head of emerging market research at the investment bank, was one of three speakers at the University of Chicago GSB (Graduate School of Business) business forecast lunch.
While there has been renewed concern of late about a sharp slowdown in the US, and there remain niggling problem spots in the US economy, he believes 'growth is going to be OK' and the American economy will once again prove resilient.
'The US economy will not stumble into recession this year,' he said. Concern about a US recession may be warranted but 'premature', he added. 'It's more a 2008, '09 story; not '07.'
He does not see the US Federal Reserve cutting interest rates this year. Instead, if the US economy fares well and with wages on the rise, the Fed will be hiking rates by the end of the year, he said.
Even with US potential growth sliding to 2.5 per cent, 'it is hard for me to get too bearish on the economy itself', he said.
Beyond the US, global growth this year will also be good, he expects. 'Globally, profits are still high, and monetary policy is still easy,' he said.
Other economists also reckon that this week's stock market correction has little to do with major shifts in economic fundamentals, particularly as the selldown stemmed from China.
Shanghai index closed up 1.2% today .... Let's see how US market reacts to it tonite.
Europe just slightly RED (less than 1% dip). Guess they are waiting for US to open for more directions. US futures indicte a dip opening now.
Since most analysts are now saying this week's correction as healthly, global market should rebound next week. Like I had said, it is still too early for the BB to unload now for summer holiday.
The Chinese congress meeting starts on Monday, surely the Chinese government will calm the market that day!!! Cos it is Olympic year in China next year .... :)
oic...
Unlike me who is purely TA, you are a true-blue FA investor.
Of course in the long run, you'll see your holdings rise... :)
iPunter,
Think you mentioned in the 'Fellowship' thread that FA ppl are usually confident with their shares.
I am 95% an FA person.....so in this recent turmoil, instead of fretting, I look at it as an opportunity to seek out values in stocks.
Shplayer...
If the downtrend is not a 3-day affair, any pull-back (rebound) will see the Big Bears licking their lips before lapping up another round of the sweet honey... :)
But since the bullishness has already conditioned people for so long, I suppose many are still bullishly inclined.
BUY STI 3150 CALL WARRANT ...IT'S AT 0.33
ALL TURNING GREEN!!!
| Name |
Last Trade |
Change |
Related Info |
| ^AORD |
All Ordinaries |
5,791.70 10:53PM ET |
 6.60 (0.11%) |
Components, Chart, More |
| ^SSEC |
Shanghai Composite |
2,831.28 10:14PM ET |
 34.09 (1.22%) |
Chart, More |
| ^HSI |
Hang Seng |
19,537.99 9:53PM ET |
191.39 (0.99%) |
Components, Chart, More |
| ^BSESN |
BSE 30 |
13,159.55 5:28AM ET |
0.00 (0.00%) |
Chart, More |
| ^JKSE |
Jakarta Composite |
1,761.78 10:52PM ET |
2.29 (0.13%) |
Components, Chart, More |
| ^KLSE |
KLSE Composite |
1,173.68 10:53PM ET |
7.23 (0.61%) |
Components, Chart, More |
| ^N225 |
Nikkei 225 |
17,315.78 10:33PM ET |
137.73 (0.79%) |
Chart, More |
| ^NZ50 |
NZSE 50 |
4,099.36 10:53PM ET |
50.53 (1.25%) |
Components, Chart, More |
| ^STI |
Straits Times |
3,096.85 10:53PM ET |
4.27 (0.14%) |
Components, Chart, More |
| ^KS11 |
Seoul Composite |
1,420.11 10:53PM ET |
2.77 (0.20%) |
Components, Chart, More |
| ^TWII |
Taiwan Weighted |
7,691.73 10:53PM ET |
13.06 (0.17%) |
Components, Chart, More |
Too many bears so expect a strong rebound to 3150
If u read BT, it did mentioned that Hedge Fund is growing, the fund will only use 30% in stock, 70% will go to commodities n bond.
so will come down, Only when they start Up the 30% in stock then the share will be presume to UP of the BulLL..... run again.
STEADY ! STEADY!....don't panic....looks like pulling back.
Shanghai swing down 0.4% now ..... Ahhh!!!
MKT down..buy index linked warrants loh...
INDEX go down ur PUT warrants go up in magnitude
most regional markets are still in Red Sea.
Asia/Pacific |
Last Trade |
Change |
Related Info |
| ^AORD |
All Ordinaries |
Australia |
5,793.400 9:54AM SGT |
4.900 (0.08%) |
Components, More |
| ^SSEC |
Shanghai Composite |
China |
2,797.19 Mar 1 |
0.00 (0.00%) |
Components, More |
| ^HSI |
Hang Seng |
Hong Kong |
19,346.60 Mar 1 |
0.00 (0.00%) |
Components, More |
| ^BSESN |
BSE 30 |
India |
13,159.55 Mar 1 |
0.00 (0.00%) |
More |
| ^JKSE |
Jakarta Composite |
Indonesia |
1,759.49 Mar 1 |
0 (0.00%) |
Components, More |
| ^KLSE |
KLSE Composite |
Malaysia |
1,170.89 9:54AM SGT |
10.02 (0.85%) |
Components, More |
| ^N225 |
Nikkei 225 |
Japan |
17,265.90 9:34AM SGT |
187.61 (1.07%) |
More |
| ^NZ50 |
NZX 50 |
New Zealand |
4,083.105 9:51AM SGT |
34.271 (0.85%) |
Components, More |
| ^STI |
Straits Times |
Singapore |
3,069.02 9:54AM SGT |
23.56 (0.76%) |
Components, More |
| ^KS11 |
Seoul Composite |
South Korea |
1,416 9:54AM SGT |
1.34 (0.09%) |
Components, More |
