Food for thought:
Sep 97 - Aug 98: STI dropped from 1954 to 856: -56.2% (average estimates)
Nov 07 - Oct 08: STI dropped from 3803 to 1600: -57.9% (average estimates)
The above figures are for 1 year period.
Are we near the bottom?
From Aug 98 to Jul 07: STI rises from 856 to 3651: +326.5% (10 yr period)
From Nov 08 to Oct 18: STI may rise from 1600 to 5226: +326.5% (10 yr period - projection only)
Even with the market upswing these few days... I am still not convinced that we have reached the bottom and are already rebounding...
Central banks are offering credit to stem the credit crunch. But what is really happening to real physical economies are still unclear. Central Banks limiting the credit crunch is only addressing the symptoms, it doesn't really address the needs of businesses (lack of business).
We are in recession, and this is only the start. How long it will last... no one knows. But everyone agrees that this will be a long and hard one. MM says 3 to 5 years to recover, I wouldn't argue with him on that. If 80% of the companies announced reduced earnings... losses, etc during year close. Guess where the market will be heading?
And the other big thing that hasn't really hit us is retrenchment (unemployment rate). I think there will be another bloodbath after Chinese New Year... where employers (still Asian anyway) are still sympathetic and not let employees goes before CNY.
Hungary announced that they MAY (when they say may, I am sure it WILL happen) tap into USD25billion IMF loan. Again, this may be the tip of the iceberg. Hungary is the first, who knows how many countries may go the same route?
Sigh... not trying to sound super negative... but am just trying to be realistic.
Even with the market upswing these few days... I am still not convinced that we have reached the bottom and are already rebounding...
Central banks are offering credit to stem the credit crunch. But what is really happening to real physical economies are still unclear. Central Banks limiting the credit crunch is only addressing the symptoms, it doesn't really address the needs of businesses (lack of business).
We are in recession, and this is only the start. How long it will last... no one knows. But everyone agrees that this will be a long and hard one. MM says 3 to 5 years to recover, I wouldn't argue with him on that. If 80% of the companies announced reduced earnings... losses, etc during year close. Guess where the market will be heading?
And the other big thing that hasn't really hit us is retrenchment (unemployment rate). I think there will be another bloodbath after Chinese New Year... where employers (still Asian anyway) are still sympathetic and not let employees goes before CNY.
Hungary announced that they MAY (when they say may, I am sure it WILL happen) tap into USD25billion IMF loan. Again, this may be the tip of the iceberg. Hungary is the first, who knows how many countries may go the same route?
Sigh... not trying to sound super negative... but am just trying to be realistic.
UnclePet, U r hardworking man. As the saying goes, early bird gets the worm. At end of day, Did u get the worm ?
Conclusion, r u also one of the kepland investors who bought in March ? HUAT CAI lah !
no lah... i buy hi thn sell low ... hehehee... thn can get rich like some big sg funds ..
most of may... after ex-date... +/- 10cent of $2 nia. last few days siao lah ( after rights trading period ) ... up up up nia... jst few days back was ... close at 2.13 ...thn follow by 2.32... thn close at 2.46... thn now close 2.71... hahahhaa
Aiya... I sold my shares 2 weeks ago... never think the market will continue to be so crazy... I wonder who is entering market now??? Read about Temasek buy 10%+ shares of OLAM at $1.60... how come they can buy at a discount one???
tht day i kanna on genting... hi til 90.. close i think 865, thn tow kay sell. ... drop drop, now btw 71 - 74...
thn i kanna again on swiber ... knn, 1.0+ .. placement 88, but i see market strong leh from 90 - 100 range... close not tht bad 995. some more large vol.
heng ah, these 2 i abit nia
any news on other kow kay want to sell, placement, rights etc 1 or not... dont 1 to get caught ... hahaha... i think glc start all these call for these rghts etc.. now other co also follow leow
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