View Poll Results: SGX plunge today, would you buy/hold/sell/avoid

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  • Buy

    18 26.09%
  • Sell

    5 7.25%
  • Hold

    27 39.13%
  • Avoid

    19 27.54%
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Thread: SGX plunge today, would you buy/hold/sell

  1. #61
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    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by raincool2005 View Post
    Stephen Roach, head of Asia for U.S. investment bank Morgan Stanley (MS.N: Quote, Profile, Research), said the Fed may have let itself be goaded into action by a market panic.

    "We have a market-friendly Fed possibly injecting a lot of liquidity in the system which will set us up for another bubble economy," Roach told Reuters.

    "I'm sort of worried that all they did yesterday was to hit the snooze button," he said. "(This is) excessive monetary accommodation that just takes us from bubble to bubble to bubble."

    http://www.reuters.com/article/busin...BrandChannel=0

    so does it mean there will be a even bigger bubble waiting to be burst in future?
    Sony Alpha 700 hobbyist

  2. #62
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    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by zcf View Post
    so does it mean there will be a even bigger bubble waiting to be burst in future?
    dun worry.. Asia due to growth in India and China, is now better prepared for any external shocks, since 1997-98 crisis, we have increased consumption, larger infrastructures, better financial systems in place, overall our internal dynamics are stronger than ever before...

    there will be impacts but will not be so bad

    Last edited by raincool2005; 23rd January 2008 at 09:24 PM.

  3. #63
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    Default Re: SGX plunge today, would you buy/hold/sell

    those who bought insurance policies in USD currency at 1.60-1.70 will suffer loss, greenback losing value !

    http://www.bloomberg.com/apps/news?p...d=aaqgpmbosZVM

    Soros Sees End of Dollar as World's Reserve Currency (Update2)
    By Edward Evans and Simon Kennedy

    Jan. 23 (Bloomberg) -- Billionaire investor George Soros said the fallout from the U.S. subprime crisis will bring about the end of the dollar's status as the world's reserve currency.

    ``The current crisis is not only the bust that follows the housing boom, it's basically the end of a 60-year period of continuing credit expansion based on the dollar as the reserve currency,'' Soros said in a debate today at the World Economic Forum in Davos, Switzerland. ``Now the rest of the world is increasingly unwilling to accumulate dollars.''

    The dollar's share of global foreign-exchange reserves fell to a record low of 63.8 percent in the third quarter as demand for U.S. assets waned after the collapse of the U.S. housing market, according to International Monetary Fund data. It accounted for 65 percent three months earlier. The euro's share rose to 26.4 percent from 25.5 percent. IMF quarterly figures go back to 1999, the year the euro was introduced.

    The U.S. currency has dropped 11 percent against the euro and 13 percent against the yen in the past year. It has declined in five of the past six years.

    Soros made $1 billion in 1992 betting against the pound, forcing the British government to abandon a peg to a basket of European currencies. He was also the biggest financial backer of the failed effort to deny President George W. Bush a second term in office. The euro has gained 55 percent against the dollar since Bush entered the White House on Jan. 21, 2001.

    `Gone Too Far'

    ``From the 1980s we had the belief in the magic of the marketplace, and the authorities were so successful that they started to believe in this market fundamentalism,'' he said. ``That's gone too far.'' In times of crisis, ``they suspended the rules and they bailed out the banks. That created an asymmetric incentive system, a moral hazard, that allowed the expansion of credit.''

    Rising defaults on U.S. subprime mortgages sparked a rout in the credit markets in August, leading banks to cut money for consumer lending, hurting the U.S. economy's main engine. The Fed yesterday lowered its benchmark rate in an emergency move for the first time since 2001 after stock markets tumbled from Hong Kong to London amid signs the world's largest economy is sliding into recession.

    Soros has used past appearances in Davos to predict the dollar's decline. In January 2004, he said the U.S. currency would drop for a third year. It then fell 7 percent, according to a Federal Reserve trade-weighted index of the currency.

    Stephen Roach, chairman of Morgan Stanley in Asia, said in Davos that while he remains a ``dollar bear,'' the U.S. currency's slide may be reversed in the first half of this year as other economies in Asia and Europe are hurt by the U.S. slowdown.

  4. #64

    Default Re: SGX plunge today, would you buy/hold/sell

    I wonder how many people here still remember the way Japan fell into a recession when their property bubble burst, and what happened since.

  5. #65

    Default Re: SGX plunge today, would you buy/hold/sell

    The market staged a huge rebound.

    Only those who know how to invest / which stocks to buy are rewarded.

    Every crisis, there are opportunities. Some lose everything while some became millionaires.

    I hope that there will be more panic & irrational selling.

  6. #66

    Default Re: SGX plunge today, would you buy/hold/sell

    Deal or No Deal?.......
    always the Light, .... always.

  7. #67
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    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by USM View Post
    The market staged a huge rebound.

    Only those who know how to invest / which stocks to buy are rewarded.

    Every crisis, there are opportunities. Some lose everything while some became millionaires.

    I hope that there will be more panic & irrational selling.
    it is technical rebound, the professionals are covering back positions and it will look like a rally.

    dun not buy today and get trapped.

  8. #68

    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by raincool2005 View Post
    it is technical rebound, the professionals are covering back positions and it will look like a rally.

    dun not buy today and get trapped.
    Of course, sell into strength.

    Then wait for panic selling to buy good quality stocks at dirt cheap prices. I am stilling waiting for SIA to fall below $10.

  9. #69
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    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by Canonised View Post
    Deal or No Deal?.......
    did u took the rebound opportunity to cut loss ?

    tonite USA will release 2 datas ; existing home sales and jobless claims, i guess it will be used as an excuse to sell down again.

    party mood from rate cut will tone down soon and reality will set in once again..
    Last edited by raincool2005; 24th January 2008 at 10:52 AM.

  10. #70
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    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by USM View Post
    Of course, sell into strength.

    Then wait for panic selling to buy good quality stocks at dirt cheap prices. I am stilling waiting for SIA to fall below $10.
    SIA rebound from 14.50 levels to 16.00 levels, by right it should have recovered to 18.00 levels but it didn't... maybe need a few days more. Yes, oil is cheaper now but it is a global economy, big customer spend less, who will buy more services ?
    Last edited by raincool2005; 24th January 2008 at 11:06 AM.

  11. #71

    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by raincool2005 View Post
    did u took the rebound opportunity to cut loss ?
    wanted to buy in big at below 2800 but loss the guts after consulting the Master .....
    well wait and see.....
    raincool vs usm .....
    bear .... bull
    always the Light, .... always.

  12. #72
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    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by Canonised View Post
    wanted to buy in big at below 2800 but loss the guts after consulting the Master .....
    well wait and see.....
    raincool vs usm .....
    bear .... bull
    Canonised, this is the reality of China Stocks... they are like that... up and down like a wild horse !

  13. #73

    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by raincool2005 View Post
    Canonised, this is the reality of China Stocks... they are like that... up and down like a wild horse !
    what will be the effect for the billions of China funds coming to Singapore?
    always the Light, .... always.

  14. #74
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    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by Canonised View Post
    what will be the effect for the billions of China funds coming to Singapore?
    i believe they will buy into our blue chips...

    btw.. Hang Seng is down 152 despite Dow +298 this morning. Does that tells us something ?
    Last edited by raincool2005; 24th January 2008 at 11:21 AM.

  15. #75
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    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by Canonised View Post
    wanted to buy in big at below 2800 but loss the guts after consulting the Master .....
    well wait and see.....
    raincool vs usm .....
    bear .... bull
    i am neither bull nor bear, all i can said the market will be affected by the possible recession in USA because they are a big consumer and China consumption level cannot match them presently. Worse inflation risk is growing..
    Last edited by raincool2005; 24th January 2008 at 11:20 AM.

  16. #76
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    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by raincool2005 View Post
    dun worry.. Asia due to growth in India and China, is now better prepared for any external shocks, since 1997-98 crisis, we have increased consumption, larger infrastructures, better financial systems in place, overall our internal dynamics are stronger than ever before...

    there will be impacts but will not be so bad

    Agreed! nowadays we are not too heavily dependent on the US .... our imports n exports to the states are abt the same as last time but our import n export to China n India is moving up fast!

    It used to be when US sneeze Asia catch a cold, now is US sneeze Asia might not even sneeze!

  17. #77
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    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by melvin View Post
    Agreed! nowadays we are not too heavily dependent on the US .... our imports n exports to the states are abt the same as last time but our import n export to China n India is moving up fast!

    It used to be when US sneeze Asia catch a cold, now is US sneeze Asia might not even sneeze!
    but... it may only last till Aug, after the Games ended, China will not need to import so much liao.. i dun dare to see what will happened. Oct 2008 ! wow......

  18. #78

    Default Re: SGX plunge today, would you buy/hold/sell

    Quote Originally Posted by raincool2005 View Post
    SIA rebound from 14.50 levels to 16.00 levels, by right it should have recovered to 18.00 levels but it didn't... maybe need a few days more. Yes, oil is cheaper now but it is a global economy, big customer spend less, who will buy more services ?
    Bro, I am talking about SIA falls below $10. But you talking about $18. No chance at all.

  19. #79

    Default Re: SGX plunge today, would you buy/hold/sell

    Each of us have different threshold of pain, holding power and risk profile.

    The individual decision here will not be applicable to others except the voter.

    However, these are always true in any market condition.

    ..... dun catch a falling knife

    ..... what you see (recovery) could be a dead cat bounce of a bigger picture

    cheers!.

  20. #80

    Default Re: SGX plunge today, would you buy/hold/sell

    Each of us have different threshold of pain, holding power and risk profile.

    The individual decision here will not be applicable to others except the voter.

    However, these are always true in any market condition.

    ..... dun catch a falling knife

    ..... what you see (recovery) could be a dead cat bounce of a bigger picture

    cheers!.

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