| Latest Forum Topics / Straits Times Index |
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STI to cross 3000 boosted by long-term investors
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rotijai
Supreme |
13-Jun-2016 12:44
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x 0
x 0 Alert Admin |
i am extremely panic to see this... WoW :D
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investor7
Senior |
13-Jun-2016 12:09
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x 0
x 0 Alert Admin |
Is it time to panic? seeing a sea of red,  I sold M1 this mornng, n it was these BBs   (CLSA, UBS, Morgan Stanley, DMG) who bought from me.    
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GorgeousOng
Supreme |
13-Jun-2016 10:54
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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WanSiTong
Supreme |
13-Jun-2016 10:20
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x 0 Alert Admin |
Singapore' s STI Falls Ahead of US, Japan Central Bank Meets Singapore' s benchmark FTSE Straits Times Index falls 1.6% at the start of a week in which trading is likely to be dominated by central bank actions in the U.S. and Japan. The STI is down 44.56 points at 2778.41, with 197 stocks in the red, with just 39 showing gains. Noble Group (N21.SG) resumes its slide after a minor repair to its share price in the previous two trading sessions. The embattled commodities supplier announces that it has appointed Morgan Stanley and HSBC to advise it on the proposed sale of its electricity retail business in the US Shares are also likely reacting to a fall in commodity prices. Asian Indexes
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Isolator
Supreme |
13-Jun-2016 09:00
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x 0
x 0 Alert Admin |
Long oil China pennies and enjoy.,, | |||||||||||||||||||||||||||||||||||||||||||||||||
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WanSiTong
Supreme |
13-Jun-2016 08:47
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x 0
x 0 Alert Admin |
Stocks To Watch Noble, OKP, Q& M Dental, Ezra, Tiong Seng   |
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WanSiTong
Supreme |
13-Jun-2016 08:28
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Asia set for lower open, ahead of Fed, BOJ meetings Futures pointed to a lower open for Asian markets on Monday ahead of central bank meetings in the U.S. and Japan this week. Nikkei futures in Osaka traded down 1.69 percent at 16,250, while the Japanese benchmark index finished at 16,601.36 in the previous session. Stateside, U.S. futures were lower, with the Nasdaq futures down some 0.21 percent in early morning Asia time. The Japanese yen maintained its strength against the greenback, ahead of the Bank of Japan' s two-day policy meeting starting June 15. The currency pair traded at 106.70 early morning Asia time on Monday. On Sunday night, the U.S. was reeling after at least 50 people were killed and more than 50 others were wounded after a gunman opened fire and took hostages at a gay club in Orlando, Florida. It was America' s worst-ever mass shooting. The Federal Open Market Committee will begin a two-day policy meeting on June 14, with many market watchers not expecting a rate hike after a sharply lower-than-expected U.S. jobs report cast fresh doubts over the economy' s health. However, the number of Americans filing for unemployment benefits for the week ended June 4 unexpectedly fell, according to the Labor Department. Markets in Australia are closed for the Queen' s Birthday public holiday. Asian Indexes
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CraigFoo
Elite |
13-Jun-2016 07:38
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x 0
x 0 Alert Admin |
There we go again, index drop and the articles start flooding in. Time to get creative
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risktaker
Supreme |
13-Jun-2016 07:32
Yells: "Posts are opinions. Do not take it as investment advise " |
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It Begins: One European Bank Fails, Another One Needs An Urgent Cash Injection! Interesting news this week as Belgium-based Optima Bank has been shut down by both the National Bank of Belgium (which also acts as the Belgian regulating body) as well as the ECB. According to the national supervisor, the bank would have been unable to meet its commitments to its clients and was forced to cease all banking activities after some potentially fraudulent transaction were unveiled. It?s surprising to see the main media have tried to keep this silent as even the website of the National Bank of Belgium didn?t bother to issue the press release in English (whereas all other press releases on the home page can be read in English). There?s no statement from the ECB either, nor has this news been translated on the English version of website of the state-owned national television station. The situation is so bad the regulator has already immediately tasked the special fund organizing the Deposit Guarantee Scheme to start paying out the clients of the bank, even though Optima Bank hasn?t filed a bankruptcy procedure just yet. The urgency of the need to pay the clients does indicate the situation is extremely bad and even though it?s a very small one (it had closed the savings accounts division last year), there are two more important things you need to keep in mind. Bank 2 Source: HLN.be First of all, Optima was one of the banks which tried to attract new customers with sky-high interest rates. Suspiciously high, we might add. This reminded us of the Deutsche Bank promo in Belgium which also promised ultra-high interest rates on some of its products (as referenced on ZeroHedge here), as Optima clearly had a real need to see a cash inflow. But secondly, and this is even more important, according to the official filings, the National Bank of Belgium had already effectively taken control of Optima Bank by appointing a ?special commissioner? to approve all transactions. Even though the NBB has only revoked the banking license just a few days ago, that special commissioner was already appointed in the first half of May. That creates a completely new question. Are there other banks in the Eurozone which are under extremely strict supervision by the national (or supranational) regulators? If a Central Bank doesn?t even announce when a special commissioner is being appointed, how can the public be sure its deposits are safe? What else is going on in the Eurozone behind closed doors? Why did Banco Popular for instance need an emergency capital raise if it argued earlier it was strong enough to weather its real estate storm, sending the stock to a multi-decade low |
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risktaker
Supreme |
13-Jun-2016 07:01
Yells: "Posts are opinions. Do not take it as investment advise " |
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China Drops a Silent Economic Bomb: Hints at Bankruptcy Rules for Financial Sector
by John Galt June 12, 2016 17:55 ET The one thing that foreign investors had always been able to count on with the People?s Bank of China (PBOC) and the Communist Party of China was that no matter how bad the conditions in their financial sector may get, the government and PBOC will always find away to restructure the debts or ensure the continued operation of the entities to avoid an outright default. Sunday, during the Lujiazui Forum in Shanghai, that theory was turned on its head. From the South China Morning Post in Hong Kong: China hints at bankruptcy rules for finance sector Excerpted: Mainland authorities have signaled they are ready to accept the threat of volatility from financial institutions going bankrupt, with official calls for an orderly way to let failed players go bust. Central bank deputy governor Zhang Tao said on Sunday that ensuring the stability of the financial sector did not mean protecting every institution against failure. ?Those institutions that need to be restructured should be restructured, and those doomed to go bankrupt should do so under the discipline of market forces,? Zhang said at the Lujiazui Forum in Shanghai. Woah. That?s the kind of shot across the bow that should send a shiver down the spines of any investor because if losses are incurred, the odds of any recovery before a magistrate in one of the provincial courts within the communist system is basically nil unless one is part of the Communist Party apparatus inside of China. More from the story at Shanghai Daily coverage of the forum: Tighter scrutiny call at finance forum Excerpted: Tighter scrutiny of the financial sector amid the challenges of global economic growth and China?s financial reform was one of the themes that emerged during the Lujiazui Forum in Shanghai yesterday. Four top-level officials, including Xiang Junbo, chairman of the nation?s top insurance regulator, spoke during the morning session of the two-day meeting, discussing China?s approach in developing a more reasonable financial market under supply-side reforms. ?China has established a relatively complicated financial system with diversified products,? Zhang Tao, deputy governor of People?s Bank of China, told the forum. ?But the general level of our financial services still has much room for improvement, as we should face and solve the structural weakness shown by some specific sectors.? Zhang spoke about the financial macro prudential management mechanism in cooperation with the government?s plan of leveraging down and capacity elimination, and highlighted the necessity of bringing in financial innovations such as peer-to-peer lending and equity crowd funding into the mechanism. New financial technologies brought explosive development in China?s Internet financial sector, providing services for broader investors, Zhang said. ?Financial innovation itself is affirmative, but at the same time, we should not overlook the risks hiding behind, which calls for further regulation and management to catch up with the pace of sector?s development,? he said. The final hint as to what is about to hit the markets in the months ahead was dropped by none other than former Deputy Governor of the PBOC, Wu Xiaoling, also via Shanghai Daily: Gaining without any pain seems ?illusionary? NO pain, no gain ? that?s what a former Chinese central bank official emphasized yesterday at the Lujiazui Forum as she cautioned China?s policy-makers that it?s time to halt uncalled-for support for certain sectors and let the market play its role. With China?s real economy remaining sluggish and domestic consumers shifting their demand to overseas, the Chinese government has been accelerating its efforts since last year to combat overcapacity in sectors such as steel and encouraging new industries such as innovation to be the catalyst to revive the economy. Such change hurts but the pain is a necessary process as Wu Xiaoling, former deputy governor of the People?s Bank of China and now dean of the PBC School of Finance at Tsinghua University, said in a panel discussion on supply-side reforms, financial innovation and macro prudential regulations at the forum. ?Monetary stimulus or credit easing is not a long-term plan,? Wu said. ?It?s illusionary for someone to imagine a bright future without growing pains.? Unfortunately for the Chinese and the world, the markets are inter-linked throughout the web of complex con artist instruments and if China decides to inflict pain on the speculators inside their nation, they might give other markets throughout the world a case of Zika or Ebola. The pain will be widespread and deep but worse will be the shock factor if Western investors are not made whole because of a major Chinese financial company going bankrupt. Buckle up sparky, it?s going to be a wild end through 2016 |
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bishan22
Supreme |
13-Jun-2016 06:37
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Today may need half bottle of Po Chai pills since last Friday oredi lau sai..... Sit tight in your toilet bowl.....
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risktaker
Supreme |
11-Jun-2016 17:43
Yells: "Posts are opinions. Do not take it as investment advise " |
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FAT meeting lol... ah ma janet yellen decided to abandon rate hike and move towards easing... gold burst 2000 hahaha | |||||||||||||||||||||||||||||||||||||||||||||||||
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halleluyah
Supreme |
11-Jun-2016 16:52
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x 0
x 1 Alert Admin |
Spare toilet paper on every house...lol
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CraigFoo
Elite |
11-Jun-2016 16:28
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Inverted head and shoulders on the STI chart.. Right shoulder forming at the neckline. A pullback is expected at near 2900. Shortists come in but if as inverted HS is a bullish signal. Watch for the volume of it pushes through 2900. | |||||||||||||||||||||||||||||||||||||||||||||||||
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Macqueen
Master |
11-Jun-2016 15:46
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x 0
x 0 Alert Admin |
Long gold short oil Huat all the way to bank
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Cash-Cow
Member |
11-Jun-2016 07:50
Yells: "Chhi Kueh Only" |
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x 0
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Jia lat monday Deep Red :/
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WanSiTong
Supreme |
11-Jun-2016 06:58
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  US MARKETS 
Stocks close well off lows energy, financials weigh U.S. stocks closed lower Friday, weighed by renewed global growth concerns as benchmark yields fell to record lows and investors looked ahead to U.K. vote on whether to leave the European Union. " I think some of this today is" Brexit, " some of it is global growth concerns, some of it' s the Fed," said John Canally, chief economic strategist at LPL Financial. " Clearly the" Brexit " vote has not been priced in until the last couple of days," he said. The Dow Jones industrial average closed about 120 points lower after earlier falling 172 points. Goldman Sachs had the greatest negative impact on the index as most constituents declined. US stocks fell to session lows after a new poll from The Independentshowed the " leave" camp rose to 55 percent of respondents, versus 45 percent who favored staying in the European Union. That marked the largest portion of respondents who favored exiting since research firm ORB began polling the issue for it last year, the publication said. " It hit the market," said Andres Jaime, global FX and rates strategist at Barclays. The euro and sterling both fell to session lows against the U.S. dollar amid the early afternoon release of the poll results. " This poll in particular, it has nothing specific compared to the others. It is just the most recent one and we' re approaching the event," he said. The Federal Reserve is scheduled to meet next week, while the U.K. is set to vote the following week on June 23 on whether to leave the European Union. " I think everyone is spooked by European stocks, especially the DAX, getting slammed today. Everyone' s getting really nervous, discomfited today. If the German 10-year bund yield gets below 0, they' re just spooked by that," Jeremy Klein, chief market strategist at FBN Securities, said of morning declines in stocks. " I think it' s a combination of, this is not good for financials and, is this emblematic of what' s going with the economy?" He said. The major European averages were down more than 2 percent, with the DAX off 2.5 percent and the STOXX Europe 600 Banks index more than 3.5 percent lower. U.S. crude oil futures settled down $ 1.49, or 2.95 percent, at $ 49.07 a barrel. The weekly oil rig count edged higher for a second-straight week, according to Baker Hughes data. Read more.....     |
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Isolator
Supreme |
10-Jun-2016 22:26
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x 0
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Really? See who is drowning... Long and enjoy... | |||||||||||||||||||||||||||||||||||||||||||||||||
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Cash-Cow
Member |
10-Jun-2016 21:11
Yells: "Chhi Kueh Only" |
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x 0
x 0 Alert Admin |
Enjoy rally downwards 
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halleluyah
Supreme |
10-Jun-2016 21:09
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x 0
x 0 Alert Admin |
Tsunami lai liao...will b drown by oil....mati lemas....lol
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