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 11 Jul 08 11:55 pm |
| Anonymous wrote: | | Dow Jones broke 11,000 support !!! |
I love that. I am positive that it will break the 10000 leverl too. Someone is stuck seculating. |
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12 Jul 08 12:05 am |
| If dow breaks 9000, speculators earn the most. So many speculating shorters speculating a big fall in the US market. All the speculators will be making big bucks. |
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12 Jul 08 12:21 am |
| Anonymous wrote: | | If dow breaks 9000, speculators earn the most. So many speculating shorters speculating a big fall in the US market. All the speculators will be making big bucks. |
Good for them. Anyway they are dead meat. |
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12 Jul 08 12:47 am |
| BUUURRRRNNNnnnnn! HOW MANY PEOPLE JUST MADE A MAJOR PURCHASE? Jia lat liao. |
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12 Jul 08 1:10 am |
| Anonymous wrote: | | BUUURRRRNNNnnnnn! HOW MANY PEOPLE JUST MADE A MAJOR PURCHASE? Jia lat liao. |
Not many. |
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14 Jul 08 9:59 am |
| after one year of sub-prime issue, singapore property is still holding up strong...why ? |
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14 Jul 08 10:30 am |
| Anonymous wrote: | | after one year of sub-prime issue, singapore property is still holding up strong...why ? |
The plunge will be dramatic. |
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14 Jul 08 1:10 pm |
| after one year of subprime and multiple plunge statement by DIVA, BIG TIME MISS the BOAT, singapore property still holding strong ?? why ?? |
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14 Jul 08 2:29 pm |
| Don't be angry with Diva. He is always right. |
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14 Jul 08 7:51 pm |
Singapore c.bank sees more downside risks to markets
Mon Jul 14, 2008 6:37am EDT
SINGAPORE, July 14 (Reuters) - Singapore's central bank said it is closely monitoring financial markets in the wake of the crisis surrounding U.S. mortgage giants Fannie Mae and Freddie Mac, and warned of big downside risks in global markets.
"Significant challenges and downside risks in the international financial markets remain and financial institutions and investors should stay vigilant," the Monetary Authority of Singapore (MAS) said on Monday.
"The direct impact of the credit crisis on financial markets and financial institutions in Singapore has been relatively modest so far," the central bank said.
Singapore's Straits Times stock market index .FTSTI has fallen 16 percent this year. The country's three banks have suffered relatively modest writedowns on their debt investments as a result of the credit crunch.
The U.S. Treasury and Federal Reserve called on Sunday for sweeping measures to lend money and buy equity, if necessary, in Fannie Mae and Freddie Mac, which own or guarantee $5 trillion in debt -- close to half the value of all U.S. mortgages.
The U.S. government plan to bolster the government-sponsored mortgage financiers helped calm markets on Monday, but did little to allay fears about the health of the U.S. financial system.
The MAS declined to comment on whether any of Singapore's foreign reserves are invested in debt from Fannie and Freddie.
Singapore had about $177 billion in its foreign reserves as of the end of June.
Foreign central banks, mostly in Asia, hold $979 billion of the $5 trillion bonds and mortgage-backed bonds sold by Freddie and Fannie. |
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14 Jul 08 8:43 pm |
| Anonymous wrote: | | after one year of sub-prime issue, singapore property is still holding up strong...why ? |
Thats because STI still holding up above the major support level around 2800.  |
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15 Jul 08 12:52 am |
the whole world has no idea how bad things are.... it's the ostrich syndrome... let's bury our heads for as long as possible....
and when it comes to burying our heads from the rest of the world... guess who's really good at that? |
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15 Jul 08 9:22 am |
| Anonymous wrote: | the whole world has no idea how bad things are.... it's the ostrich syndrome... let's bury our heads for as long as possible....
and when it comes to burying our heads from the rest of the world... guess who's really good at that? |
Well said. It is true. No one has a clue including the so called gurus who keep seeing that the dark clouds have moved away. I have an eerie feeling that the big one is yet to come. |
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15 Jul 08 9:27 am |
| Anonymous wrote: | the whole world has no idea how bad things are.... it's the ostrich syndrome... let's bury our heads for as long as possible....
and when it comes to burying our heads from the rest of the world... guess who's really good at that? |
Yes the only problem is that when we lift up our heads after some time everything around us would have crumbled. |
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15 Jul 08 10:32 am |
| Anonymous wrote: | | Anonymous wrote: | the whole world has no idea how bad things are.... it's the ostrich syndrome... let's bury our heads for as long as possible....
and when it comes to burying our heads from the rest of the world... guess who's really good at that? |
Yes the only problem is that when we lift up our heads after some time everything around us would have crumbled. |
So don't wait till 10 years later to lift your head. Lift it now. Nothing changed. Prices are holding and waiting for storm to pass. Oil prices will come down and the Diva followers will be very angry again and cow beh cow bull loud loud again. |
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15 Jul 08 10:48 am |
| Anonymous wrote: | | Anonymous wrote: | | Anonymous wrote: | the whole world has no idea how bad things are.... it's the ostrich syndrome... let's bury our heads for as long as possible....
and when it comes to burying our heads from the rest of the world... guess who's really good at that? |
Yes the only problem is that when we lift up our heads after some time everything around us would have crumbled. |
So don't wait till 10 years later to lift your head. Lift it now. Nothing changed. Prices are holding and waiting for storm to pass. Oil prices will come down and the Diva followers will be very angry again and cow beh cow bull loud loud again. |
Chavez wants oil at 300$. Where is it going to come down? There is only one way for oil...up up up. Didnt you order your bullock cart yet? |
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15 Jul 08 11:07 am |
Asian Stocks Drop, Led by Banks, as Credit Concerns Increase
By Chen Shiyin and Ian C. Sayson
July 15 (Bloomberg) -- Asian stocks fell for a second day, led by financial companies, on mounting concern credit-market losses will widen.
Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc. led declines after the Nikkei newspaper said Japan's top three banks hold more than $40 billion in Fannie Mae and Freddie Mac debt. Cathay Financial Holding Co. slumped in Taipei after saying it held debt issued by the two largest U.S. mortgage lenders. Matsushita Electric Industrial Co. led technology shares lower after Nikko Citigroup Ltd. downgraded the stock.
``Investor confidence is taking a hit from the state of the U.S. financial system,'' said John Padilla, who helps manage the equivalent of about $3.4 billion Metropolitan Bank & Trust Co. in Manila. ``Banks will stay out of favor as long as investors don't see an end to credit-market losses in the U.S.''
The MSCI Asia-Pacific Index lost 0.8 percent to 131.35 at 9:36 a.m. Tokyo time, following a 0.9 percent retreat yesterday. About seven stocks declined for each that rose on the index, with financial stocks accounting for 48 percent of the drop.
Japan's Nikkei 225 Stock Average declined 1.4 percent to 12,830.20, on course for its lowest close since April 1. Benchmark indexes fell in most of the region's markets.
U.S. stocks dropped yesterday, sending the Standard & Poor's 500 Index 0.9 percent lower. Financial shares slumped after last week's collapse of IndyMac Bancorp Inc. spurred speculation regional banks are short of capital.
Financial Stocks Slump
MSCI's Asian benchmark has dropped 17 percent this year. Its measure of financial shares has posted the largest slump among 10 industry groups as the world's largest banks and securities firms reported more than $414 billion of writedowns and credit losses.
Mitsubishi UFJ, Japan's largest bank by market value, dropped 4.1 percent to 938 yen. Sumitomo Mitsui Financial Group Inc., the second-biggest, lost 3.4 percent to 807,000 yen, while smaller rival Mizuho Financial dropped 3.4 percent to 520,000 yen.
The three Japanese banks had 4.7 trillion yen ($44 billion) in debt securities issued by Fannie Mae and Freddie Mac as of March 31, Nikkei English News reported, without saying where it obtained the information.
Investor Jim Rogers said in an interview yesterday that the U.S. Treasury Department's plan to shore up the two companies is an ``unmitigated disaster'' while Goldman Sachs Group Inc. predicted their shares would resume falling.
Cathay Financial, Taiwan's biggest listed financial services company, dropped 6.5 percent to NT$59, set for its lowest close since April 2006. Cathay said it held NT$200 billion ($6.6 billion) in debt issued by Fannie Mae and Freddie Mac. The company hasn't incurred any losses from its investments in the two U.S. companies, the company said.
Credit Crisis
Commonwealth Bank of Australia, the country's biggest mortgage provider, dropped 3.5 percent to A$38.75, poised for its largest retreat since June 10. JPMorgan Chase & Co. lowered its rating to ``neutral'' from ``overweight,'' because of a ``cautionary'' outlook for the company's 2008 earnings.
``The overall investor sentiment has declined over the last quarter,'' said Nick Toovey, head of regional equities at ING Investment Management Ltd., which manages $565 billion. ``There are issues to be resolved in the credit crisis.''
Australia & New Zealand Banking Group Ltd. lost 2.8 percent to A$17.31 after the Sydney Morning Herald said the bank recorded a A$275 million ($267 million) loss from selling shares it seized from collapsed margin lender Opes Prime Group Ltd.
Matsushita, the world's biggest consumer-electronics maker, lost 2 percent to 2,230 yen. The stock's rating was cut to ``hold'' from ``buy'' at Nikko Citigroup.
LG Electronics Inc., the world's fourth-largest maker of mobile phones, dropped 3.1 percent to 109,000 won in Seoul. CJ Investment & Securities Co. lowered its share-price estimate by 13 percent, citing lower earnings prospects in the third quarter. |
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15 Jul 08 5:52 pm |
| another bad day for stock..... as for property why is it still holding strong ? |
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15 Jul 08 5:55 pm |
| Anonymous wrote: | | another bad day for stock..... as for property why is it still holding strong ? |
Because property is not as liquid as stock therefore the price will only be down after 2-3 quarters of negative demand. |
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