recession where are we now
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Originally posted by noahnoah:
2011?Where u got the news from?
From some banks that going to collapse soon?
I think it's a mathematical projection. -
Originally posted by eagle:
Pls provide fundamental reasons for doing so. If I expect the true bottom to be at 2011, I will only enter banks at that time
It's always better to earn less than to lose money.
by 2011, gosh! the IR is booming and credit will be free like hell, interest rate would had raise, my gosh, you need to shift it now. What SPH! for god sake, printing is not going to be the bull on the run anymore. ST engg,..wow, i better go for Keppel lor.Banks had been hurt badly, they are licking their wounds and staying more prudent in their credit and loans, and govt is supporting them, I bet they will rebound early next year.
Hyflux is also a good investment, no doubt they are now high, the arabs are taking them, and you should know those arabs billionaires better than me.
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Originally posted by noahnoah:
2011?Where u got the news from?
No news. Is just my expectations from observing charts coupled with what I think of the economy...
To me, this is Pri Wave B only... Pri Wave A was from heights of 2007 to Mar 09 (~15 mths)... From wiki
Wave B: Prices reverse higher, which many see as a resumption of the now long-gone bull market. Those familiar with classical technical analysis may see the peak as the right shoulder of a head and shoulders reversal pattern. The volume during wave B should be lower than in wave A. By this point, fundamentals are probably no longer improving, but they most likely have not yet turned negative.
I forsee a Wave C coming... Which likely mean a repeat of the pattern from 98-03... Although we can explain it away because of SARS, I still believe it as part of this EW principle, which was developed from observing human psychology.
Whatever the world governments are doing, they are still humans, and they will still fit into this big picture of the big waves.
My view is very pessimistic, and I have to agree that 2011 is still too far to say... But at least with my counting, I can roughly determine the trend and how strong it could most likely be.
This is a play of probability, of turning probability towards your side.
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Originally posted by angel7030:
by 2011, gosh! the IR is booming and credit will be free like hell, interest rate would had raise, my gosh, you need to shift it now. What SPH! for god sake, printing is not going to be the bull on the run anymore. ST engg,..wow, i better go for Keppel lor.Banks had been hurt badly, they are licking their wounds and staying more prudent in their credit and loans, and govt is supporting them, I bet they will rebound early next year.
Hyflux is also a good investment, no doubt they are now high, the arabs are taking them, and you should know those arabs billionaires better than me.
I do own a few lots of Capitaland at 2.26 as well.... Have looked into Hyflux before, but I only have limited cash since I haven't been working for long... only 1 year...
Right now, it's indeed a liquidity driven rally... But once the excess liquidity has been drained off, reality will set in that the economy hasn't really recovered...
All those stocks u mentioned are good in bull runs... But I'm still expecting STI to come down in late 2010 to 2011, so I will still adopt a no-action move for now while saving up... As I said, it's better to earn less than to lose money.
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Originally posted by eagle:
I do own a few lots of Capitaland at 2.26 as well.... Have looked into Hyflux before, but I only have limited cash since I haven't been working for long... only 1 year...
Right now, it's indeed a liquidity driven rally... But once the excess liquidity has been drained off, reality will set in that the economy hasn't really recovered...
All those stocks u mentioned are good in bull runs... But I'm still expecting STI to come down in late 2010 to 2011, so I will still adopt a no-action move for now while saving up... As I said, it's better to earn less than to lose money.
STI stocks come down in late 2010 to 2011?my friend holding a senior position in ST
he own few lots of shares too
he never tell me will come down in so call later 2010
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Originally posted by eagle:
No news. Is just my expectations from observing charts coupled with what I think of the economy...
To me, this is Pri Wave B only... Pri Wave A was from heights of 2007 to Mar 09 (~15 mths)... From wiki
I forsee a Wave C coming... Which likely mean a repeat of the pattern from 98-03... Although we can explain it away because of SARS, I still believe it as part of this EW principle, which was developed from observing human psychology.
Whatever the world governments are doing, they are still humans, and they will still fit into this big picture of the big waves.
My view is very pessimistic, and I have to agree that 2011 is still too far to say... But at least with my counting, I can roughly determine the trend and how strong it could most likely be.
This is a play of probability, of turning probability towards your side.
I have my doubts regarding the accuracy of such projections, it assumes that the world would be in the same shape and conditions as before.
Though of course, if enough powerful interests believe in it it does become a self fulfilling prophecy.
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Originally posted by Stevenson101:
I have my doubts regarding the accuracy of such projections, it assumes that the world would be in the same shape and conditions as before.
Though of course, if enough powerful interests believe in it it does become a self fulfilling prophecy.
so far markets has been following it, and I have profitted in certain short term trades which I didn't mention... i.e. I caught the strong minor wave 3 of intermediate wave A in my Primary B count... Bought around STI 1800~1900 region when many are telling that it has risen too high (when they look at 1455)
This is about the study of human psychology, and humans don't really change in that for centuries...
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Originally posted by noahnoah:
STI stocks come down in late 2010 to 2011?my friend holding a senior position in ST
he own few lots of shares too
he never tell me will come down in so call later 2010
it's just a study of market sentiments, not company fundamentals mah
Of course, to lower my risks, I put most of my money in companies with fundamentals... so in case it fails, I can still keep till STI reaches >3000 again.... still got long way to 3000 leh ;)
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Originally posted by eagle:
nvm... (2050 means STI reach 2050, and yes, it's my mistake for not stating properly and clearly to spoonfeed people who are clearly not interested in what's happening in STI and/or profiting from it)
Looks like it's useless to share what I learned to people here. Everything from me also can become related to the ministers...
If you consider what the super talented Minister Tharman had said in Parliament to explain the loss of US$100 Billion by GIC and Temasek, which he said was to be seen within the context of a bigger picture and over the longer term - it clearly was done to obfuscate the common folks, the Heartlanders.The effect of your unclear details arranged in the manner that I had highlighted was similarly a perfect example in the "Art of Obfuscation".
Do you think that anyone who is an avid follower of the Stock Indices would have grasp the nuances in the statement made - let alone those who are unfamiliar ?
Facts do not need to be bent to see the cause and its effects.
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Originally posted by angel7030:
by 2011, gosh! the IR is booming and credit will be free like hell, interest rate would had raise, my gosh, you need to shift it now. What SPH! for god sake, printing is not going to be the bull on the run anymore. ST engg,..wow, i better go for Keppel lor.Is this a display of sarcasm from one who is frustrated from another full night work at managing an empty bar - or another exercise at mischievious self-indulgence ?
IR booming when "stock inices bottom out at 2011" - or are you referring to Year 2011 ?
Why should credit be free at that time ?
Perhaps both the IR will be offerring free "chips" to attract Singaporeans to visit the IRs as the regional visitor arrivals continue to drop ?
Banks had been hurt badly, they are licking their wounds and staying more prudent in their credit and loans, and govt is supporting them, I bet they will rebound early next year.
Are you referring to local or foreign banks operating in Singapore, or are you generalising ?
Singapore banks - and most banks in Asia - have not been as badly hit in the current financial crisis that started in the USA and spread across to UK and Europe.
The manner in which the Singapore financial system is structured for the domestic needs, any banks licensed to operate in Singapore can survive.
Hyflux is also a good investment, no doubt they are now high, the arabs are taking them, and you should know those arabs billionaires better than me.
After Hyflux is sold to the Arabs - and all other assets in physical and intellectual patent rights -what is there left for Singapore ?
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What is left for sin city ?
All the assets will be sold to foreigners with island infested with foreigners.
The island will be a hotel for the dwellers.
The local will be left to care for themselves while the money they paid will be used to subsidize study for foreigners that will eventually dump the bond to leave in another hotel.
Not forgeting the money are used to celebrate some anniversary at some power station, which holds no meaning as there was no contributions to talk about since the quality of life have not improved.
To celebrate the anniversary is to defeat the purpose of equality that they have been fighting for since day one as there should be no celebration if there is equality.
Equality is in the mind, not in the numbers.
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Originally posted by Atobe:
Is this a display of sarcasm from one who is frustrated from a full night work at managing a bar - or another exercise at mischievious self-indulgence ?
IR booming when "stock inices bottom out at 2011" - or are you referring to Year 2011 ?
Why should credit be free at that time ?
Perhaps both the IR will be offerring free "chips" to attract Singaporeans to visit the IRs as the regional visitor arrivals continue to drop ?
Are you referring to local or foreign banks operating in Singapore, or are you generalising ?
Singapore banks - and most banks in Asia - have not been as badly hit in the current financial crisis that started in the USA and spread across to UK and Europe.
The manner in which the Singapore financial system is structured for the domestic needs, any banks licensed to operate in Singapore can survive.
After Hyflux is sold to the Arabs, and all other assets - in physical and intellectual patent rights -what is there left for Singapore ?
Sure, when you run casinos, you need to free up your credits, you bet OCBC, DBS, and all top banks will be holding automate machine or even office at the basement of IR casinos.Aiyo, me underage also get into casinos, but by next year, i can go in liao, but in Australia and las vegas, I was able to sneak in as they are not so strict, guess what, they give you $100 free chips to play, free first drink and trainer to teach you how to play. If you wins let say $300 out of the $100 chip, you can only exchange the $200 wins. If you loose the $100 or left behind $10 or whatsoever, nevermind just return. You are right about giving free chip, part of the attraction for you to get a feel of it.
Of course our Local banks lah, wha lau!! u still think of lemon and citi ar?? Our banks are pillars of our capitalist society, die die govt also must support, just like USA where they supported AIA and Citi all the way.
My Dad gain alot from hyflux, imagine he bought at only 50cents at initial offering, now he give some of his shares to me, if Arabs buy over...wow! I can close my pub and be Arab Queen liao.
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Originally posted by angel7030:
Sure, when you run casinos, you need to free up your credits, you bet OCBC, DBS, and all top banks will be holding automate machine or even office at the basement of IR casinos.Aiyo, me underage also get into casinos, but by next year, i can go in liao, but in Australia and las vegas, I was able to sneak in as they are not so strict, guess what, they give you $100 free chips to play, free first drink and trainer to teach you how to play. If you wins let say $300 out of the $100 chip, you can only exchange the $200 wins. If you loose the $100 or left behind $10 or whatsoever, nevermind just return. You are right about giving free chip, part of the attraction for you to get a feel of it.
Of course our Local banks lah, wha lau!! u still think of lemon and citi ar?? Our banks are pillars of our capitalist society, die die govt also must support, just like USA where they supported AIA and Citi all the way.
My Dad gain alot from hyflux, imagine he bought at only 50cents at initial offering, now he give some of his shares to me, if Arabs buy over...wow! I can close my pub and be Arab Queen liao.
Don't you just love those oil rich buggers......
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Originally posted by Medicated Oil:
What is left for sin city ?
All the assets will be sold to foreigners with island infested with foreigners.
The island will be a hotel for the dwellers.
The local will be left to care for themselves while the money they paid will be used to subsidize study for foreigners that will eventually dump the bond to leave in another hotel.
Not forgeting the money are used to celebrate some anniversary at some power station, which holds no meaning as there was no contributions to talk about since the quality of life have not improved.
To celebrate the anniversary is to defeat the purpose of equality that they have been fighting for since day one as there should be no celebration if there is equality.
Equality is in the mind, not in the numbers.
To measure the quality of life and standard of living here, you need to take the last few decades to benchmark it, well, i bet the graph satistic will alway be rising...
1. education
2. people
3. earning power
4. standard of living
5. opportunities
6. peace
7. harmony
8. happiness
All these above have rise within a few decades, if those who feel that they are left behind, too bad, they missed the bus.
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hyflux ipo 50cents meh?
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Originally posted by GHoST_18:
hyflux ipo 50cents meh?
ya, just imagine how much you can make, if you sell now. At that time, dad told me no one believe that it can make new water or make drinkable water, i remember i visited their small plant at Suzhou when i was a student, the CEO was then a small Colonel turn entrepreneur working for our govt to bring fresh water into china village. -
Originally posted by Atobe:
If you consider what the super talented Minister Tharman had said in Parliament to explain the loss of US$100 Billion by GIC and Temasek, which he said was to be seen within the context of a bigger picture and over the longer term - it clearly was done to obfuscate the common folks, the Heartlanders.The effect of your unclear details arranged in the manner that I had highlighted was similarly a perfect example in the "Art of Obfuscation".
Do you think that anyone who is an avid follower of the Stock Indices would have grasp the nuances in the statement made - let alone those who are unfamiliar ?
Facts do not need to be bent to see the cause and its effects.
Unclear details, probably, especially to people looking to be spoonfed.
But all I can tell you is when I posted the same thing in CNA Market Talk forum, i.e. "downwave to 2050", the forumers there understand perfectly. You can go look through the whole 260+ pages of a particular thread there to confirm for yourself.
For those unfamiliar like you, too bad. I'm not touching their money. They have the cognitive ability to discern whether they should believe; they have the control over their money.
Furthermore, if unclear, you can just take out your keyboard and ask. Duh. You will fail in life if everytime you are unclear, you just complain that it is unclear and do nothing about it. Am I as untouchable as the minister?
Lastly, basic common sense will clear up the unclear details with a little more thoughts, especially to those who are followers of STI. Obviously you haven't given it much thought or you aren't even interested in following, in which case, there's nothing more for me to say to you.
Nvm, it's ok if you aren't interested. I have no obligations to explain further to you if you are only seeking to complain. There's totally no necessity for me to share anything learned; I don't need to explain whatever actions I took to earn and profit (or loss) on my own money.
By comparing a sharing post from me on what I would do to my own money, to an explanation given by a minister on what was done on Singaporeans money, and hence committing a logical fallacy, you have clearly lost whatever little respect I had for you.
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Originally posted by Medicated Oil:
What is left for sin city ?
All the assets will be sold to foreigners with island infested with foreigners.
The island will be a hotel for the dwellers.
The local will be left to care for themselves while the money they paid will be used to subsidize study for foreigners that will eventually dump the bond to leave in another hotel.
Not forgeting the money are used to celebrate some anniversary at some power station, which holds no meaning as there was no contributions to talk about since the quality of life have not improved.
To celebrate the anniversary is to defeat the purpose of equality that they have been fighting for since day one as there should be no celebration if there is equality.
Equality is in the mind, not in the numbers.
well Sin people will be foreign workers lor....
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My idea of defensive
ST Engineering (S63.SG) outperforming market tad after aerospace, electronics, land systems and marine engineering company announces latest in string of contract wins. ST Eng was awarded 5-year contract worth about S$26.5 million by Singapore's Land Transport Authority (LTA) to provide maintenance for electrical and mechanical systems on Kallang Paya Lebar Expressway (KPE). Broker notes company's orders now stand at record of over S$11 billion, forecasts FY10 earnings to grow 10.9% on-year; reiterates Buy rating with unchanged target price of S$2.83.
Recession but still profitting... Complaining that GLCs are well protected? Take a stake in it then!
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Originally posted by Atobe:
If you consider what the super talented Minister Tharman had said in Parliament to explain the loss of US$100 Billion by GIC and Temasek, which he said was to be seen within the context of a bigger picture and over the longer term - it clearly was done to obfuscate the common folks, the Heartlanders.The effect of your unclear details arranged in the manner that I had highlighted was similarly a perfect example in the "Art of Obfuscation".
Do you think that anyone who is an avid follower of the Stock Indices would have grasp the nuances in the statement made - let alone those who are unfamiliar ?
Facts do not need to be bent to see the cause and its effects.
Lost is part of a gain, it is inevitable in the first place, nobody want a lost, who would?? But if you look at the purpose of investment, it serve no harm but a win win for the govt and it citizen.
What is there to explain when you dun even need to foot a cent, get your rebates, get trained/educated and get a job, still peace and harmony, travel as you like and eat as usual.
With no doubt, Share and Stock are secondary in comparing to your primary job security, the connection and the know how is critical, unless given excess money or money gained in previous selling or accumulated, you can go into share market with some fun. But never use the money that is for your basic neccessities.
And as a person, Singapore govt understand the basic neccessities fund that need to be preserve our needs, the lost are part of the earlier gain, that is why, even if we are the hardest hit economy downturn around this region, we still stand tall and able to give rebates, discount and spur programme to help the lower income.
Neighbouring countries are alway an envy of us, and that come with jealousy too, despite our losses, we still stand out from the rest shown that we can afford such losses.
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Originally posted by eagle:
My idea of defensive
Recession but still profitting... Complaining that GLCs are well protected? Take a stake in it then!
GLCs under temasek are just merely looking for more fun, project are therefore interconnected just to jack up the shares and later cash cow into temasek book. Be careful. -
Originally posted by angel7030:
GLCs under temasek are just merely looking for more fun, project are therefore interconnected just to jack up the shares and later cash cow into temasek book. Be careful.Before this, you mention banks. They are also GLCs what. -.-"
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Originally posted by eagle:
Before this, you mention banks. They are also GLCs what. -.-"
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UOB has no plans for rights issue at the moment
By Jonathan Peeris, Channel NewsAsia | Posted: 29 April 2009 1719 hrs
SINGAPORE: United Overseas Bank (UOB) chairman Wee Cho Yaw said the banking sector is not out of the woods yet and he remains pessimistic about the medium term.
But at the bank's annual general meeting on Wednesday, he assured shareholders that UOB has already fully provided for all its toxic assets and has no plans for a rights issue.
Admittedly, there were concerns among some shareholders. One of them, who only wanted to be known as Mr Tee, said rising non-performing loan (NPL) ratio poses a big risk and is an issue, while others are more optimistic about it.
"That is only to be expected, I think the question is how much higher it goes up. I believe Mr Wee Ee Cheong said that during the last Asian financial crisis, it was at a much higher level than today," another shareholder, Vincent Chen, said.
Among Singapore's major banks, UOB has the highest NPL ratio at 2 per cent. Its competitors, DBS and OCBC, have raised theirs to 1.5 per cent in the fourth quarter of last year.
UOB justified its decision to cut its 2008 final dividend from 45 cents to 40 cents. The bank said it is looking at the long term and wants to preserve some cash to prepare for any future shocks.
Mr Wee also spoke about the departure of Mr Michael Lien from the bank's board. Mr Lien is the grandson of the late Dr Lien Ying Chow who founded Overseas Union Bank, which was bought over by UOB in 2001.
Mr Wee said he personally called both Mr Lien and his grandmother, Margaret Lien, to ask them to keep a representative of their family on the board. However, both of them declined the offer, citing the desire to concentrate on their new commitments.
- CNA/ir/so -
Originally posted by eagle:
Before this, you mention banks. They are also GLCs what. -.-"
OCBC n UOB not GLC ok.