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STI to cross 3000 boosted by long-term investors
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cowabunga
Veteran |
26-Aug-2015 09:28
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x 0
x 0 Alert Admin |
hahaha cowabunga - short these useless china shares especially those in the property arena |
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cowabunga
Veteran |
26-Aug-2015 09:24
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x 0
x 0 Alert Admin |
more downside for tiong kok counters as long as china is in the doldrums |
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valuebuyer
Senior |
26-Aug-2015 08:57
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x 0
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Well, brother, its gentle remind to all the small retailers.
Just Look at global market,you should know I'm not joking. im not spread the fear,I have try my best to alert others before the disaster come.
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ronleech
Elite |
26-Aug-2015 08:45
Yells: "Believe in yourself. Ride with the waves......" |
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x 0
x 0 Alert Admin |
The market look much more stable but again in very very caution mode. Dun seems like good day to trade. Somemore Mid week reaching friday.... sideline |
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samudra
Veteran |
26-Aug-2015 08:41
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x 0
x 0 Alert Admin |
in any market there are alway 2 camp. One is bearish and the other is bullish, Those who are bullish buy at your own risk. |
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Siwomp
Supreme |
26-Aug-2015 08:40
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x 0
x 0 Alert Admin |
another interesting day...。 。 ... Huat Ah! | ||||
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tomhanks
Master |
26-Aug-2015 07:43
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x 0
x 0 Alert Admin |
like your nick suggests " cheap is never cheap for you" why spreading fu*& cking fear....? Do you have any reasoning for saying so?
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Peter_Pan
Supreme |
26-Aug-2015 07:43
Yells: "kopi-o siu dai mai hum!" |
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x 0
x 0 Alert Admin |
remember to apply mopiko ~~~^^ | ||||
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valuebuyer
Senior |
26-Aug-2015 07:40
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x 0
x 0 Alert Admin |
Today morning still got chance to off load all your stocks, must act fast.
US market is going to crash |
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risktaker
Supreme |
26-Aug-2015 07:33
Yells: "Posts are opinions. Do not take it as investment advise " |
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x 0
x 0 Alert Admin |
what the F... hope u guys didnt overnight... i didnt long or short equities.. | ||||
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WanSiTong
Supreme |
26-Aug-2015 07:05
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x 0
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Dow -1.29% 15,666.44 / -204.91
Nasdaq -0.44% 4,506.49 / -19.76 S& P -1.35% 1,867.61 / -25.60 Investing Guide
More stock market craziness: 442-point Dow rally vanishesFear continues to rock the U.S. stock marketFear continues to rock the U.S. stock market. A 442-point surge for the Dow vanished at the end of the trading session Tuesday, the latest sign of how anxious markets have become about the health of the global economy. At the end of yet another wild day of trading, the Dow actually ended with a loss of 205 points as fears continued to mount over China' s slowing economy and its contagion effect on the rest of the world. Just in the last six trading days, the Dow has lost a total of nearly 1,900 points, or 11%. Volatility remains elevated, signaling that more turbulence may lie ahead. Just look at CNNMoney' s Fear & Greed Index, which is currently flashing " extreme fear." " There' s still fear around the edges. You need some signs that the market is stabilizing to reassure people it' s not going to roll off the edge of a cliff and go tumbling down further," said Bruce McCain, chief investment strategist for Key Private Bank. China tries to stem the bleeding Some sort of bounce was anticipated on Tuesday due to the enormous losses that have been inflicted on the markets even though the American economy doesn' t appear to be falling off a cliff. All three major U.S. equity indexes had plunged into correction territory -- their first 10% decline from recent highs since 2011. China seemed to provide the recipe for that rebound overnight . China' s central bank slashed interest rates, an emergency action aimed at calming financial markets and boosting economic growth by flooding the markets with cheap money. Global markets cheer China' s emergency move Investors around the world cheered China' s emergency actions in hopes they will at least stabilize conditions in Asia. European stocks surged 4% higher, with Germany' s DAX rallying nearly 5% just a day after falling into a bear market. The significant market moves underscore how much China matters to the global markets. China is the world' s second-biggest economy and its explosive growth over the past two decades helped lift many other countries. That' s especially true for emerging markets like Brazil that rely on China' s huge demand for its natural resources. That' s why the turbulence in China' s stock market has unnerved so many investors. The Shanghai Composite plunged another 7.6% on Tuesday in a selloff that occurred prior to the interest rate cut. The bubble in Chinese stocks has burst, leaving the Shanghai index down a whopping 42% since June 12. Related: Trading was halted 1,200 times on Monday But U.S. economy isn' t tanking Many market veterans believe the damage done by the selloff in the U.S. was overdone considering the American economy doesn' t appear to be tanking at this point. Unlike the market turmoil in 2008, the economy isn' t on track for a recession. Not only does the jobs market look healthy, but the housing industry continues to recover and cheap oil is creating a huge windfall for consumers at the pump. " I still think this pullback is a buying opportunity. I still have confidence in the U.S. economy," said Scott Wren, senior global equity strategist at Wells Fargo Investment Institute. Related: Why the economy is OK, even if stocks aren' t Turbulence isn' t over Even before the late-day slide, market experts were warning that Tuesday' s early rebound didn' t mean everything is back to normal in the global financial markets just because China cut interest rates. Watch for more dramatic market moves as new clues emerge about whether the financial turmoil causes the Federal Reserve to delay its plans to raise interest rates in September until later in the year or even 2016. |
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fernvale
Master |
26-Aug-2015 06:47
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x 0
x 0 Alert Admin |
Coming crisis earth shaking. The biggest calamity 9/11, AFC, EFC combining and more. Fiscal, monetary, whatever policies of world epic failure. Now we living in a deceptive, elusive "nice" world.
Let it reveal itself in its own time |
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WanSiTong
Supreme |
25-Aug-2015 19:53
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x 0
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Global markets rebound sharply as China cuts rates August 25, 2015 : 7:47 PM US equity markets futures are surging and European markets are rebounding strongly as China cut its one-year lending rate by 25 basis points to 4.6% and lowered the reserve requirement ratio or RRR for its banks by 0.5% in a renewed effort to shore up rapidly slowing growth in the world' s second largest economy. It was the fifth consecutive rate cut in just over 9 months since the Chinese central bank announced easing of its monetary policy in the wake of sluggish growth late last year. Economists now believe China is unlikely to achieve 7% GDP growth target this year. The People' s Bank of China' s rate cuts on Tuesday came after Shanghai Composite Index plunged another 7.6% on Tuesday to 2, 9765 points while its counterpart tech and small cap heavy Shenzhen Composite Index declined 7.2%. Shanghai stocks are now down 42% from their June 12th peak. The index is now below where it was in December. Shanghai' s fall came in the wake of Beijing' s moves to stop intervening in the stock market as policymakers debate the merits of propping up share prices. Detractors say the cost of trying to put a floor under the market are too high and collapsing stock market will have relative minor impact on the Chinese economy while proponents of intervention have argued that a stock market meltdown will weigh heavily on the economy. US stocks are expected to open strongly when Wall Street opens at 9.30pm Singapore time with Dow Jones Industrial Average futures rallying 600 points after 588.47 points " Black Monday" plunge yesterday. The more widely followed barometer S & P 500 closed 1,893.21 points or 3.9% down. At the open yesterday, the Dow was down 1,100 points and S & P 500 1,860 but both indices recovered as buyers rushed to snap in bargains. Investors are increasingly convinced that the US Federal Reserve will wait until December to raise interest rates instead of moving in mid-September as expected. " A slump of around 10% in the S & P 500 since 10th August is unlikely to mark the start of a bear market, which typically only occur in, and around, recessions," notes John Higgins, Chief Markets Economist for Capital Economics in London. Higgins argues the bursting of China' s stock market bubble is unlikely to have much of an adverse effect on its own economy, let alone that of the US. " We also think margins and valuations in the US are unlikely to revert to their averages any time soon," he says. " The further monetary easing undertaken by the Chinese authorities today has given a lift to equity prices in the developed world that were already rebounding. " |
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WanSiTong
Supreme |
25-Aug-2015 19:49
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x 0
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China Focus China central bank cuts interest rates by 0.25 percentage pointsAugust 25, 2015 : 6:46 PM China' s central bank on Tuesday cut its benchmark interest rates and the amount of cash banks must keep on hand, the latest stimulus aimed at boosting the world' s second-largest economy as it battles a collapse in share prices. The People' s Bank of China announced on its website that it was reducing lending and deposit interest rates by 0.25 percentage points each and its reserve requirement ratio by 0.50 percentage points. The moves take effect Wednesday, it said. |
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WanSiTong
Supreme |
25-Aug-2015 19:46
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x 0
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UBS turns bearish on Southast Asia Malaysia least preferred market as fundamentals deteriorate August 25, 2015 : 5:59 PM Swiss banking giant UBS has turned decidedly bearish on Southeast Asian markets despite a sharp correction in recent days. In a report published today, Kelvin Tay, Chief Investment Officer of UBS Wealth Management, said the bank had decided reduce the risk levels of its Asian portfolio due to increasingly volatile market conditions ahead of the Fed rate hike next month by being underweight in the region ʱ ?? In Southeast Asia, UBS now prefers only the defensive Singapore market on a relative basis while Thailand and Malaysia remain its least preferred markets. The Swiss bank believes there is little likelihood of another Asian Financial Crisis despite the region' s deteriorating economic fundamentals. " Sure, there are strong similarities between current developments and 1997," UBS notes in the report. " Household debt levels are uncomfortably high in some Asian countries, currencies are plummeting, and a political crisis in Malaysia removed the deputy prime minister," Tay says in his report this morning. But the similarities end there. " Asian external debt (compared to) total foreign reserves is relatively small now and (as such) Asian balance sheets are less susceptible to currency devaluation," he notes. Moreover, he argues, this time around, " falling currencies in the region have acted as shock absorbers, cushioning the real economy as the US dollar strengthens while complementing pro-cyclical domestic policies." The UBS report also focused on the rapid deterioration in Malaysia' s fundamentals. " Sentiment in Malaysia has been negatively impacted by weak commodity prices, especially in oil and gas, as well as the political issues including the sacking of the deputy prime minister and the attorney-general in the midst of a corruption probe involving sovereign wealth fund 1MDB ʱ ?? In recent weeks, the Ringgit has plummeted sharply against major currencies. Over the past year, the report notes that Malaysia' s foreign exchange reserves have fallen by over US $ 30 billion and its reserve cover of six months' worth of imports is among the lowest among emerging markets, with only Turkey and Mexico below it. " Malaysia' s coverage ratio for short-term external debt is 1 times total debt, the worst in global emerging markets," adds Tay. The UBS report said that it was worth noting that even India and Indonesia have improved their coverage ratios dramatically in recent years. The Swiss bank expects GDP growth this year will fall well short of the 5.4% annual average since the global financial crisis in 2007. " Domestic demand has fallen sharply due to the introduction of the 6% GST in April," Tay notes. With a tighter fiscal stance, tightening credit conditions, an uncertain political environment, and a potential crisis of confidence due to the debasement of the Ringgit, Malaysia faces stronger headwinds over the next year, Tay adds. " Malaysia is probably in the early stages of a macro slowdown," Tay says in his report. The Malaysian government derives 30% of its revenues from oil, and domestic capital spending by non-financial public enterprises, mostly from oil giant Petronas, has historically accounted for 3% of GDP. Lower commodity prices, Tay argues, will therefore continue to squeeze capital expenditure and investment as consumption remains soft given the additional burden of a new goods and services tax or GST. Consumption is already under pressure from Malaysia' s high household debt at nearly 90% of GDP , as domestic credit ballooned over the past five years. The UBS report noted that other than commodities, Malaysia' s exports of electrical products, which account for 35% of shipments, have been disappointing, with low single-digit growth in Ringgit terms. Export volumes of these products have been stagnant for about a decade, exposing Malaysia' s reliance on commodity price appreciation. The Swiss financial services giant believes Bank Negara is likely to tolerate a weaker Ringgit to boost export competitiveness. UBS argues that Bank Negara needs to keep monetary policies easy like most of its Asian peers though a cut in interest rates would put further pressure on the Ringgit but support exports. The Ringgit is down 16% year-to-date. Should investors jump in and buy the beaten down market or is buying Malaysian stocks now akin to catching a falling knife? Though foreign and local investors have been selling stocks over the past year, UBS says value has yet to emerge in the Malaysian market. MSCI Malaysia Index, the stocks barometer that most foreign investors look at in Malaysia, is currently trading at 15.2 times 12-months-forward earnings on 3.7% earnings growth, compared to MSCI Asia ex-Japan' s Index which is trading 12.5 times 12-months -forward earnings with 8% earnings growth. MSCI Malaysia also underperformed MSCI Asia ex-Japan Index by 15.8% in US dollar terms this year. |
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Goldfinger
Supreme |
25-Aug-2015 19:16
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x 0
x 0 Alert Admin |
Shorts must be sweating tonight?? | ||||
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bishan22
Supreme |
25-Aug-2015 18:59
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x 0
x 0 Alert Admin |
China' s central bank cuts interest rates.
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CummingBag
Senior |
25-Aug-2015 17:20
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x 0
x 0 Alert Admin |
alamak, of all date pick 911
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WanSiTong
Supreme |
25-Aug-2015 17:18
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x 0
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China Focus China strong enough to weather stock support end: state mediaAugust 25, 2015 : 3:15 PM China should wind down its stock market support programme even if prices continue to fall, according to a commentary in a state-run official economic daily. The front-page remarks in the Economic Information Daily sought on Tuesday to reassure investors the Chinese economy was not " that bad" and argued that disasters like the Asian financial crisis or the sub-prime mortgage debacle would not repeat. They came as stocks extended their steepest rout since 2007 on concern the government is paring back support for the market. The writer, identified as Xu Gao, said the government has been addressing its problems with local government debt and the global economic situation was not as fragile as it was two decades ago. " The global stock plunge was more likely caused by emotions rather than fundamentals," the commentary said in the paper owned by the official Xinhua News Agency. " It' s not good for the recovery of the economy to bring back the focus of quantitative easing to the stock market. " The Shanghai Composite Index tumbled 3.9% to 3,085.49 at 10.21 am local time, heading for the lowest close in eight months. The gauge plunged 8.5% on Monday, following last week' s 12% decline. In another sign the government could start to pull back from underpinning the market, Caixin reported the China Securities Regulatory Commission has displayed indifference to the latest stock plunge. That may be a sign of maturity in the way it supervises the market, Caixin said, citing an unidentified person close to the regulator. The CSRC did not order relevant departments to work overtime after Monday' s declines as they did after other recent market drops, Caixin added. Concern over the health of the Chinese economy has contributed to the most unsettled period in global markets since the financial crisis, with trillions of dollars wiped off the value of equities and commodities. " We should not lose confidence in the economic growth prospects of China and the globe," the Economic Information Daily commentary said. Other state media also urged investors not to panic, with the China Securities Journal saying weakness in markets around the globe - including in the US -. Has affected Chinese shares Investors should balance their positions and wait for the market to calm down, it said. |
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Siwomp
Supreme |
25-Aug-2015 16:28
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x 0
x 0 Alert Admin |
Officially bo cheng hu....
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