Looks like it is getting serious again....
-
Originally posted by Riptheboat:
Hi all,
I really bothered with the Singapore Government increasing 21% for electricity where Singapore Power made alot of PROFIT and all price are coming done. Is the government trying to use people money to pay their losses in the MARKET. Even Sunday Malay newspaper states that Singapore government is financially strong and stable. Has the government a heart for their people or not?
Are u in for a serious discussion, if so, no problem, but just a reminder, be aware of those red and bold posting, it spell danger, keep out! -
...thanks to my coolie the asspuppy with angelic delusions, this topic is moving very fast...
-
Those that think the worse is over and the markets will reverse course and hit new highs, watch out for the commodity markets to punish the Western governments for printing money.
Only those countries that can let their currencies rise against the currencies of the western powers will win.
Japanese Yen against the Singapore Dollars:
Singapore and silliporeans that let dishonorable people continue to be in power will not be among the winners... the Singapore dollar cannot rise when the despot have lost so much bailing out foreign banks gambling.
-
Dont have to care about those who differs, just let them be. Its their life to chose how they want it to be. I believe readers can easily see for themselves who makes sense and who doesnt.
-
Retail sales plunge 1.2 percent in September
Wednesday October 15, 8:42 am ET
By Martin Crutsinger, AP Economics Writer
Retail sales drop worse-than-expected 1.2 percent in September, biggest decline in 2 yearshohoho... recession in the US already or on the way....
-
Survey shows more managers believe global economy is in recession
LONDON (MarketWatch) - Pessimism about prospects for the global economy rose sharply in October, according to Merrill Lynch's monthly fund-manager survey.The number of managers stating that they believe the global economy is already in recession jumped to 69% in October, the survey showed, up from 44% in September.As well, a net 60% of managers believe that the global economy will weaken over the next 12 months, up from 37% in September.Corporate profits are expected to weaken over the same time frame, 74% of managers said, up from a reading of 68% a month ago. A net 87% of managers say corporate operating margins will shrink, up from 79% taking this view last month.The survey for October is one of the most pessimistic ever, in a month when fund managers lost faith in global growth, commodities, China's economy and emerging markets.Nervousness grew against a backdrop of dramatic political and financial events.In the past few weeks, governments around the world acted to shore up the financial system, while central banks instigated a coordinated interest rate cut last week.A net 59% of managers said that they believe monetary policy is still too restrictive. This compares with 29% holding this view in September.Meanwhile, 72% of managers say that short-term interest rates will be lower in 12 months time, compared with a reading of 51% a month ago.Cash positions upMarkets have been on a wild ride over the past few weeks as hope that the plans to bail out banks vied with fear over how the global economy will hold up.More managers moved into cash in October, the survey showed, with average cash balances rising to 5.3% from 4.8% a month ago.The number of managers that are overweight cash increased to 49%, from 36% in September.Still, with stock prices falling dramatically - European shares dropped 20% last week - more managers believe that share prices are undervalued.A net 43% took the stance that global equity markets are undervalued, up from 15% a month ago. The latest figure is a 10-year high."Fund managers are waiting for the triggers that will give them the confidence to buy," said Gary Baker, head of EMEA equity strategy at Merrill Lynch."What they are looking for is a loosening of monetary conditions and for third-quarter earnings to clarify where problems and opportunities lie across equity markets," he said.Over the month, mangers lifted their overweight on cash to 56%, from 40%, and raised their overweight on bonds to 17%, from 4%. They were more negative on equities, going from a 37% net underweight to a 45% net underweight.Regional detailManagers' overweight on U.S. equities fell to a net 18% in September, from a net 26% a month ago.Underweight positions on eurozone equities increased to a net 41%, from a net 36% in September, while underweight positions on Japanese equities decreased to a net 9%, from a net 23% a month ago.The outlook for corporate profits is most favorable in the U.S., a net 29% of managers believe, compared with 34% taking this view a month ago.Managers became more positive on the prospects for Japanese corporate profits, with a net 7% stating that the country has the most favorable outlook for profit growth, up from 2% a month ago.The euro zone is still the region with the least favorable outlook for corporate profits, a net 30% of managers believe. This is unchanged from last month."Europe has now assumed the U.K.'s mantel as the world's least popular destination for equity investment," said Karen Olney, lead European equities strategist at Merrill Lynch."Against this backdrop of fear over profits and recession, investors are selling expensive, highly cyclical industrials and opting instead for stable dividends and capital preservation," said Olney.A total of 172 asset allocators managing a total of $531 billion in funds participated in the survey.
-
Stocks plunge anew as data points to recession- AP
Investors agonizing over a faltering economy sent the stock market plunging all over again Wednesday after a stream of disheartening data convinced Wall Street that a recession, if not already here, is inevitable.
Dow 8,577.91 -733.08 -7.87% -
Originally posted by AndrewPKYap:
Stocks plunge anew as data points to recession- AP
Investors agonizing over a faltering economy sent the stock market plunging all over again Wednesday after a stream of disheartening data convinced Wall Street that a recession, if not already here, is inevitable.
Dow 8,577.91 -733.08 -7.87%
Yeah!!! more guys will come my place and drink liao...good for my business,..yeah!!! the more it plunge, the more they drink, nowaday even mid afternoon, sg investors come in and drink liao -
HO HO HO....
ST Index 1,922.63 -136.76Santa Claus is coming to town.....
-
Originally posted by AndrewPKYap:
HO HO HO....
ST Index
1,922.63 -136.76Santa Claus is coming to town.....
Uncle, i thot depavali come first, lord krishnan is coming to town ya, why u said christmas, aiya, u overly depressed liao, go take your depression pills ya.
Lucky me sold dad share earlier lor
-
-
Singapore Sets Aside S$150 Billion Of To Guarantee Currency Deposits
Bernama, Malaysia - 12 hours ago
... the Singapore Deposit Insurance Corporation - would enjoy government protection on the full amount of their deposits for the duration of the guarantee. ...
S'pore backs all deposits Straits Times
Govt backing for all deposits a ‘precautionary action’ TODAYonline
Singapore to guarantee all bank deposits till end-2010 AFP
AsiaOne - Channel News Asia
all 92 news articles »They say it is to: "“This is why although Singapore’s banking system continues to be sound and resilient, the Government has decided to take precautionary action to avoid an erosion of banks’ deposit base and ensure a level international playing field for banks in Singapore,”
So what is hidden and cannot be said and discovered because of the Official Secrets Act? Is it that money is flowing out of Singapore at an alarming rate and they refuse to acknowledge the real problem, that foreigners are rushing our their money because they see the massive losses the asspots made bailing out and investing in foreign banks?
In their usual delusional style when it comes to their mistakes, they attribute the problem instead to "other governments are guaranteeing and that is why money is flowing out".
I am so sending even more money abroad to countries with a free press (as I have been doing) just in case. Here without the free press, you just don't know what is happening until it is too late.
-
ST Index 1,878.51-72.69Ho Ho Ho, Jinx Jinx Jinx
I just saw this, I was busy working the whole afternoon....
-
The markets seemed to have stabilized a little. If you have taken my advice over the past more than one year, now you might want to bite a little. Avoid financials like the plague (even though people have sold them down so much and they might bounce a little, if you trade for the bounce, that is gambling and remember I am against gambling; for the long-term outlook for financials is bleak.)
Actually, the stocks you should buy are US tech stocks, Intel, IBM, Google; they are good buys if you ignore the currency exchange risks.
Unfortunately you have only rubbish stocks to buy in the Stock exchange of Singapore.
If you can only buy SES stocks, you should be defensive, buy defensive stocks, those selling F&B and essentials for a living, and paying good dividends (high yield).
Avoid those companies with heavy debt like the plague.
-
...and watch this, watch out for this...
This will be the killer....
-
Agree! Bite a little and review say in 3 months time.
Agree stock exchange here mostly rubbish stock. However, some of the not so bad ones are trading at super penny level. Wondering if it is a good strategy to pick up some of these at small amount and hope they will go up 10 times when market comes back...
-
Yesterday the Singapore market was down 99 pts but the stock I bought on Monday, you know the one paying high dividends, in F&B and is not in finance, properties or exports, it was up...
hahaha... so today, if it plunges with the rest (because US DOW is down 500), I bite a little bit more...
-
The recession looks like it will be severe... lets hope that the casinos collapse...
-
Losing money...
-
U would loss more $ if u buy shares now.
Singaporeans' liquidlity had dried out by looking at the COE price of the more than 1600cc category vehicles.( dropped more than 40%).
DBS banks in HK and TW had been forced to compensate the minibond holders orelse it's licence would been suspended,hence, u will c how DBS shares will go today.
Sillyporean! pls wake up yr mind and read more news from TW!!!
-
ouch..
time to buy cars. lol!
-
Good luck 2 u.
Car is a liability and not an apprecited asset.
Car value is very similiar to the sub-prime scenario in USA, u would come to a situation when u sell yr car , the value attached with it would be very much than the loan you owe to the banks/FIs.
Pls do more research be4 you act in today market.
-
Good luck 2 u.
Car is a liability and not an apprecited asset.
Car value is very similiar to the sub-prime scenario in USA, u would come to a situation when u sell yr car , the value attached with it would be very much than the loan you owe to the banks/FIs.
Pls do more research be4 you act in today market.
-
No loan ma.
Wait car yards go bust, n they auction the BMW Z4 for 10K. WOOHOO!
lol