BTW you people know that the market crashed today?
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Wed Close: 3,413.17
Fri Open: 3,307.67
9.40am 3,299.83
113.34
9.43am 3,298.40 114.77 -
STI is currently down 120 pts - likely reacting to Dow's tumble. -
3290 liao.... lao sai haven't finish....
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wait see if can drop below 3250...Originally posted by ^tamago^:3290 liao.... lao sai haven't finish.... -
yeah. and how much it'll rebound after tat....Originally posted by Inzaghi:wait see if can drop below 3250... -
ha ha be happy even in adversity - take some tincture opium or charcoal to stop the lao sai (diarrhoea).Originally posted by ^tamago^:3290 liao.... lao sai haven't finish.... -
depend...last hr of trading..if fall really v low, investors might be in for bargain hunting.Originally posted by ^tamago^:yeah. and how much it'll rebound after tat.... -
cos i dun take part in the market...?Originally posted by richong 3216:ha ha be happy even in adversity - take some tincture opium or charcoal to stop the lao sai (diarrhoea).
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Lucky u - I must follow your example - just like watching the fireworks last night - u surely wont be burnt.Originally posted by ^tamago^:cos i dun take part in the market...? -
No pain no gain. If u r into trading, that is your bread & butter. On good days you win. On bad days - just too bad. There is no guarantee. Even businessmen take risk. If you want to depend on pure luck, stick to 4D or Toto. Everything else is calculated risk and yes, greed control!Originally posted by richong 3216:Lucky u - I must follow your example - just like watching the fireworks last night - u surely wont be burnt. -
a different between calculated risk and blind risk.
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You better know exactly, precisely what you are doing or you can kiss your hard earned money goodbye... winning sometimes is part of the process of losing everything eventually whether you are gambling at the casino or the stock markets.Originally posted by TheGoodEarth:No pain no gain. If u r into trading, that is your bread & butter. On good days you win. On bad days - just too bad. There is no guarantee. Even businessmen take risk. If you want to depend on pure luck, stick to 4D or Toto. Everything else is calculated risk and yes, greed control!
Investors do not do " bread & butter" trading... gamblers do that.
Investors trade maybe 3 times in ten years. -
STRAITS TIMES INDEX
INDEX....... VALUE.....CHANGE.....%CHANGE TIME
..................3,152.16...-121.09....-3.70%............05:05
DOW JONES INDUS. AVG INDEX
............... VALUE..............CHANGE.....%CHANGE TIME
................12,709.46........-152.01........-1.18%......10:36
................12,674.75........-186.72........-1.45%......11:36
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Gone liao la. Read a report that 3200 is the support level, and it has been breached. now steady up for 3000. my profits suddenly turn losses sia. Sigh should not have jumped in during market peak. haha
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Dow 12,542.81 Down 318.66 (2.48%)
Friday STI gonna be very very red. -
DOW JONES INDUS. AVG
Index: 12,845.78........-15.69........-0.12%........16:48 pm
Rebound.
Just when you think it is going to crash hard, it doesn't.
Just when you think it is going to go up strongly, it doesn't.
That is one of the reasons why people lose all their money at the casino and when they gamble at the stock markets.
What is gamble (sure lose) and what is investing, (very good chance of winning) in the stock market? YOU better know it / understand it or you face financial ruin and maybe worse. -
ok we get it already. stocks = no good. can stop bringing out the same old thing and close it already?
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You don't have to click on the topic you know?
This is one of those topics that never go away...
Anyway it is not "stocks = no good"
It is investing with money you can spare is good (if you follow the correct principles of investing) and if you gamble, you will lose everything in the end...
It is poor thinking like yours that "stocks = no good" that is the biggest problem with people. -
ok pls continue ur preaching...
p.s. it never goes away because u keep digging it up although it's few days old. -
Stocks & shares = liak bo kew
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nearing 3,000 but rebounding.
for 17th aug...
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The market is going bearish now.. never see stocks dip so low so fast
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can anyone check for me LC Dev now how much?
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http://www.bloomberg.com/apps/news?pid=20601087&sid=avHZRiysrTho&refer=home
Fed Cuts Discount Rate, Acknowledging Need to Act (Update10)
By Scott LanmanBen S. Bernanke, chairman of the Federal Reserve
Aug. 17 (Bloomberg) -- The Federal Reserve lowered the interest rate it charges banks and acknowledged for the first time today that an extraordinary policy shift is needed to contain the subprime-mortgage collapse that began roiling the world's financial markets two months ago.
The Fed, in a surprise announcement in Washington, cut the so-called discount rate by 0.5 percentage point, to 5.75 percent. Policy makers dropped language indicating their bias toward fighting inflation, and instead highlighted a rising threat to economic growth. That suggests officials will reduce their benchmark rate when they meet Sept. 18, economists said.
``This telegraphs their intention to cut rates at the next meeting,'' said Chris Rupkey, senior financial economist at Bank of Tokyo-Mitsubishi UFJ Ltd. in New York. ``This discount rate cut calms the market and helps financing.''
This is the first unanticipated reduction in borrowing costs between scheduled meetings since 2001, and Ben S. Bernanke's first as Fed chairman. Officials kept the benchmark federal funds rate target for overnight loans between banks at 5.25 percent. Policy makers next meet to set the rate on Sept. 18. Futures indicate traders anticipate at least a quarter-point cut.
Stocks Climb
The Fed's decision ignited a rally in stocks from Europe to the U.S. The Standard & Poor's 500 index climbed the most in four years, rising 2.5 percent, to 1,445.94. The Dow Stoxx 600 Index of European shares added 2.1 percent to close at 359.65. -
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See the lowest point? "Who sold there?", you might ask.
Those that are forced to sell because they borrowed money to buy their stocks (on margin or credit or loans)... the brokers/banks sold for them by force...