Subprime issue in the financial markets and your shares

[raincool2005]

STI today: 3,287.34

where are you heading?????:dunno:

Canonised, do not use the normal method of "buying on dips and sell on recovery". Fundamentals has changed, the bigger consumer is going into recession based on the claims of slower growth whereas the truth is they are into very serious credit crisis.

Stay out of market till October, focus on photography and your day job. and of cos... save money.

 

[raincool2005]

Jan. 14 (Bloomberg) -- An expected recession in the U.S. this year will curb economic growth in Asia excluding Japan, according to Goldman Sachs Group Inc., which reduced its forecasts for the region's expansion.

The economies will grow 8.3 percent in 2008, down from an earlier estimate of 8.6 percent, Hong Kong-based economist Michael Buchanan said in a report today. Next year's growth will be 8.5 percent, compared with a prior prediction of 8.6 percent.

Goldman Sachs last week joined Morgan Stanley and Merrill Lynch & Co. in forecasting that the world's largest economy will slip into recession this year for the first time since 2001 amid fallout from the subprime mortgage crisis. The U.S. is the biggest market for most of Asia's export-dependent economies.

``There could be a `tipping point' at which the U.S. slowdown has a more significant impact on Asia than before,'' Buchanan wrote. ``The further deterioration in the U.S. economy comes as Japan is also teetering on the edge of recession.''

Goldman is predicting a 50 percent chance of a recession in Japan, the world's second-largest economy. It lowered its growth forecasts for all 10 Asian economies that it covered in the report, including reductions to China and India.

East Asia's exports are forecast to climb 15.2 percent this year, after jumping 17.8 percent in 2007, the World Bank said in its Global Economic Prospects 2008 report released last week.

The region is almost twice as reliant on exports as the rest of the world, with 60 percent of shipments abroad ultimately destined for the U.S., Europe and Japan.

China will expand 10 percent this year, from an earlier forecast of 10.3 percent, Goldman predicted. It cut Indian's growth estimate to 7.8 percent from 8 percent.

"Overall, these forecast reductions are meaningful but not disastrous,'' Buchanan said. ``The impact on currencies is in general likely to be contained, although equity markets could be in for more volatility.''

 

[Canonised]

Canonised, do not use the normal method of "buying on dips and sell on recovery". Fundamentals has changed, the bigger consumer is going into recession based on the claims of slower growth whereas the truth is they are into very serious credit crisis.

Stay out of market till October, focus on photography and your day job. and of cos... save money.

Good advice! .... went in a couple of Cosco @5-80 last week and today already 5-19 ....
was about to get the SGX @ below 12 .... now already 10-88 :sweat:
this time really bad, like Aug... guess have to wait till 3150..

 

[raincool2005]

Good advice! .... went in a couple of Cosco @5-80 last week and today already 5-19 ....
was about to get the SGX @ below 12 .... now already 10-88 :sweat:
this time really bad, like Aug... guess have to wait till 3150..

Canonised, the biggest selldown is not now, this is just the first cold dish, the real big solid one is after Olympics games.

:sweat:

 

[Canonised]

Canonised, the biggest selldown is not now, this is just the first cold dish, the real big solid one is after Olympics games.

:sweat:

haha ... guess it's healthier to concentrate on shooting models for now..... :bsmilie::sweatsm:
thought ALL the "experts" are expecting the STI to reach 4000 this year :cry:

 

[raincool2005]

haha ... guess it's healthier to concentrate on shooting models for now..... :bsmilie::sweatsm:
thought ALL the "experts" are expecting the STI to reach 4000 this year :cry:

when most problems are solved, the recovery will be quick. Monitor the banks closely, u will be shocked that they will be so cheap... forget those small-medium caps.

 

[scanner]

when most problems are solved, the recovery will be quick. Monitor the banks closely, u will be shocked that they will be so cheap... forget those small-medium caps.

Waiting for the right moment to pick blue chip at a bargain price...:bsmilie:;p

 

[raincool2005]

Waiting for the right moment to pick blue chip at a bargain price...:bsmilie:;p

remember do not rush in, just keep a constant lookout and watch the recession news.

USA people has cut down on spending ; consumption down > inventories up > exports reduced

 

[Canonised]

remember do not rush in, just keep a constant lookout and watch the recession news.

USA people has cut down on spending ; consumption down > inventories up > exports reduced

currently 3195 .... :cry::cry:
3000 possible?

 

[raincool2005]

currently 3195 .... :cry::cry:
3000 possible?

Canonised, below 3000 is likely in mid-term as fundamentals and outlook favoured more towards downside.

what can u expect from a slowdown ? huge profits and earnings ? nah.. :dunno:

 

[Canonised]

Stay out of market till October, focus on photography and your day job. and of cos... save money.

Listen to your advice and stayed away from the market BUT forgot about selling my 3 x Cosco @$5-80 :sweat: Now hovering around $2-00 (lost a 1ds III) :cry:
Should I cut losses (60%) or should i average out by throwing good money in? :dunno:

 

[scanner]

Listen to your advice and stayed away from the market BUT forgot about selling my 3 x Cosco @$5-80 :sweat: Now hovering around $2-00 (lost a 1ds III) :cry:
Should I cut losses (60%) or should i average out by throwing good money in? :dunno:

Cosco difficult to predict now, but I believe market has not bottom up yet. More banks in US will collapse. Worse might come along when the US election is over/ or rather when Bush step down....

However, by saying so, its is always better to look at mid to long term for your investment. Most importantly, you must have the holding power if you believe the one you invested have great potential.

 

[Parchiao]

See this thread, it started about a year ago. Read what was mentioned a year ago and see how it is unraveling now.

Markets were never going up a year ago, won't possibly happen for the next few months, at least until November when the we know who the next US president will be.

 

[azul123]

Markts everywhere bad news. Merill Lynch sold to BoA, Lehman Bros chapter11, AIG seeks Capital influx to avoid downgrade. What's next.

../azul123