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08-Oct-2009 09:55

SoundGlobal / Epure International

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60.5! oh so pure :)

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08-Oct-2009 09:54

Citic Envirotech / United Envirotech

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as long as utd doesn't break 38 that's ok..

cos that's the support level of a forming descending triangle..

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08-Oct-2009 09:52

SATS / Sats

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MEGA chiong again..

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07-Oct-2009 17:14

Straits Times Index / STI to cross 3000 boosted by long-term investors

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So, what does this mean for the American and global economy?

The private sector (particularly households) is overly indebted. The level of debt households now carry cannot be supported by income at the present levels of consumption. The natural tendency, therefore, is toward more saving and less spending in the private sector (although asset price appreciation can attenuate this through the Wealth Effect). That necessarily means the public sector must run a deficit or the import-export sector must run a surplus.
Most countries are in a state of economic weakness. That means consumption demand is constrained globally. There is no chance that the U.S. can export its way out of recession without a collapse in the value of the U.S. dollar. That leaves the government as the sole way to pick up the slack.
Since state and local governments are constrained by falling tax revenue (see WSJ article) and the inability to print money, only the Federal Government can run large deficits.
Deficit spending on this scale is politically unacceptable and will come to an end as soon as the economy shows any signs of life (say 2 to 3% growth for one year). Therefore, at the first sign of economic strength, the Federal Government will raise taxes and/or cut spending. The result will be a deep recession with higher unemployment and lower stock prices.
Meanwhile, all countries which issue the vast majority of debt in their own currency (U.S, Eurozone, U.K., Switzerland, Japan) will inflate. They will print as much money as they can reasonably get away with. While the economy is in an upswing, this will create a false boom, predicated on asset price increases. This will be a huge bonus for hard assets like gold, platinum or silver. However, when the prop of government spending is taken away, the global economy will relapse into recession.
As a result there will be a Scylla and Charybdis of inflationary and deflationary forces, which will force the hands of central bankers in adding and withdrawing liquidity. Add in the likely volatility in government spending and taxation and you have the makings of a depression shaped like a series of W’s consisting of short and uneven business cycles. The secular force is the D-process and the deleveraging, so I expect deflation to be the resulting secular trend more than inflation.
Needless to say, this kind of volatility will induce a wave of populist sentiment, leading to an unpredictable and violent geopolitical climate and the likelihood of more muscular forms of government.
From an investing standpoint, consider this a secular bear market for stocks then. Play the rallies, but be cognizant that the secular trend for the time being is down. The Japanese example which we are now tracking is a best case scenario.

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07-Oct-2009 16:35

Straits Times Index / STI to cross 3000 boosted by long-term investors

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i wait for STI to convincingly break 2,700..then maybe i'll be convinced..

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07-Oct-2009 16:22

Straits Times Index / STI to cross 3000 boosted by long-term investors

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pple forget that Oct is a bad month..after all the "economic good news" churned out by the media

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07-Oct-2009 16:06

Straits Times Index / STI to cross 3000 boosted by long-term investors

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i'm gettin tired of saying this ... SELL INTO STRENGTH!!

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07-Oct-2009 15:58

China Gaoxian / ChinaGaoxian

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the funds are playing up this counter..

they also have to make $$

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07-Oct-2009 15:30

China Gaoxian / ChinaGaoxian

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Gaoxian is doing well today..

looks like they are pushin up this counter..

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07-Oct-2009 14:19

GLD USD / Gold going up this year?

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$1,040.. accumulate gold!

dewali coming,xmas coming, CNY coming..festive season coming

inflation coming..

ozone2002 ( Date: 02-Oct-2009 13:58) Posted:

Gld dipped to $990 now it's back up to above $1k..

looks like Gold will be the in thing..

FOLLOW CHINA buy gold.. they are the only ones doing things smartly...

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07-Oct-2009 11:17

Citic Envirotech / United Envirotech

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rebound is on low vol..

time to get out and let it correct..

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07-Oct-2009 10:52

Citic Envirotech / United Envirotech

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ditto

ozone2002 ( Date: 07-Oct-2009 08:59) Posted:

the dream is over..

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07-Oct-2009 10:39

Citic Envirotech / United Envirotech

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now fake buy Qs..

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07-Oct-2009 09:47

Citic Envirotech / United Envirotech

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technicals are lookin bad for this counter..

MACD RSI stochas all turning down..

any bounce would be good to take profit or short..

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07-Oct-2009 09:14

Rotary Engg / Rotary

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rotary rising from the ashes..

pay attention to the vol..

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07-Oct-2009 09:12

Citic Envirotech / United Envirotech

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so many fake sell Qs..

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07-Oct-2009 08:59

Citic Envirotech / United Envirotech

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the dream is over..

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07-Oct-2009 08:58

Sakari / Straits Asia

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u must have bought from me..i sold $2..keke

cheongwee ( Date: 07-Oct-2009 00:08) Posted:

today just bought 2.0...and what the SAR!!!...i have join back here..

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06-Oct-2009 21:50

Straits Times Index / STI to cross 3000 boosted by long-term investors

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sell into strength!!...

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06-Oct-2009 19:55

Golden Agri-Res / GoldenAgr

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aussie economy is recovering.. auzzie is full of commodities..

commodity counters have been moving up today..

noble olam wilmar indo straits.. all up.. GAR also commodity play has to join the bandwagon..

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