Latest Posts By ozone2002
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About ozone2002
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| 07-Sep-2009 14:30 |
RafflesEdu
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Rebound Soon
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that's a huge ass vol!.. vested 54-545.. DYODD | ||||
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| 07-Sep-2009 14:20 |
Yanlord Land
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Lord of China Prop
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slow and steady accumulation.. 500+ lots snapped up @ 2.47 |
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| 07-Sep-2009 14:15 |
SoundGlobal
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Epure International
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DMG issued report today TP 75c | ||||
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| 07-Sep-2009 12:54 |
Citic Envirotech
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United Envirotech
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not deep pocket.. buy n sell make the difference.. :) | ||||
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| 07-Sep-2009 11:56 |
Citic Envirotech
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United Envirotech
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accumulation @ 20.5 | ||||
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| 07-Sep-2009 11:09 |
Yanlord Land
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Lord of China Prop
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2.48!! nice one.. | ||||
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| 07-Sep-2009 09:54 |
SoundGlobal
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Epure International
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epure on the move.. on very promising volume.. vested 61c |
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| 07-Sep-2009 09:43 |
Yanlord Land
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Lord of China Prop
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China’s Property Investment May Rise by 30% in 2010 (Update1) Share | Email | Print | A A A By Bloomberg News Sept. 5 (Bloomberg) -- China’s property investment growth may rebound to around 30 percent next year and support the nation’s economic recovery, central bank adviser Fan Gang said. “As property developers rush to buy land and plan construction this year, investment activities will soon pick up pace,” Fan told the China CEO Forum in Beijing today. Fan is the academic member of the monetary policy committee at the People’s Bank of China. China’s property sales surged 60 percent by value in the first seven months and home prices in 70 major cities rose the most in 9 months in July from a year earlier as Premier Wen Jiabao’s $585 billion stimulus and an explosion of lending spur home construction and purchases. Still, the 11.6 percent expansion of property investment in the first seven months was one-third the pace in 2007, before a housing slump started. “A rebound in real estate investment will be the next engine supporting economic recovery after the government-led infrastructure construction plays a dominant role stimulating growth this year,” Lu Zhengwei, an economist at Industrial Bank Co., said by phone in Shanghai. “Growth of 20 percent to 25 percent in real estate investment is healthy, whereas a 30 percent pace may trigger concern about overheating in the property sector.” Property investment accounts for a third of overall fixed- asset spending by the world’s third-largest economy. Separately, Fan said the government’s recent “fine- tuning” of monetary policy is “no surprise” because the central bank has to prevent excessive liquidity, and that the decline of the stock market on concerns that loan growth will slow is “a very good sign”. Bank lending in China fell in July to less than a quarter of June’s level, and concerns among investors that the government may start to rein in loan growth drove benchmark stock index into a bear market this week. China’s investors “have finally learned to respond to risks rather than believing that the market will rise forever, which is a very good sign,” Fan said. The global economy has escaped a repeat of the Great Depression, and yet may remain weak for another one or two years, Fan said. “A world economic recovery will be a prolonged process,” he said. China’s exports, which have dropped for the past nine months, may return to growth in the last quarter of this year as global demand recovers, Fan said, without giving a specific forecast. | ||||
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| 07-Sep-2009 09:27 |
Citic Envirotech
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United Envirotech
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below 21c is a steal.. book value of this is 22.5c DYODD |
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| 07-Sep-2009 08:53 |
Midas
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Midas
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with china raising their QFII to 1billion, today China stocks should be rallying.. Midas could do the same too.. |
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| 06-Sep-2009 17:47 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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America's Economic Crisis, Forecasting Worse Ahead Austrian economist Ludwig von Mises (1881 - 1973) said:"There is no means of avoiding a final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." Under Alan Greenspan, Ben Bernanke and successive US Treasury Secretaries, America chose the latter path and now faces the consequences of their reckless, criminal behavior. In early 2009, economist Michael Hudson said: The (US) economy has reached its debt limit and is entering its insolvency phase. We are not in a cycle but (at) the end of an era. The old world of debt pyramiding to a fraudulent degree cannot be restored," only delayed to postpone a painful day of reckoning. Economist Hyman Minsky (1919 - 1996) described a "Ponzi finance" system during prolonged expansions and economic booms. Speculative excesses create bubbles, triggering structural instability, then asset valuation collapse that turns euphoria to revulsion and market crashes. On December 29, 2008, the Wall Street Journal online headlined: "As if Things Weren't Bad Enough, Russian Professor Predicts End of US," then continued: "For a decade, Russian academic (and former KGB analyst) Igor Panarin has been predicting the US will fall apart in 2010" to include an "economic and moral collapse, a civil war, and the eventual breakup of the country." For years, no one took him seriously, but no longer. He's invited to Kremlin receptions, gets interviewed twice a day, publishes books, is a frequent lecturer, and appears regularly in the media as an expert on US - Russia relations as well as the great interest in his predictions and new book titled, "The Crash of America." On March 25, 2009, RussiaToday.com headlined: "Is there anything Obama can do about the US Collapse?" No, according to Panarin, for these reasons: -- "the moral and psychological factor and the stress of the American population;" -- America's deepening financial and economic crisis; and -- "the increase of anti-Americanism in the world," the result of continued US belligerency. Panarin sees America collapsing into six areas of foreign influence and perhaps disintegrating as a nation: -- depressed northern states close to Canada "in their mentality and economic development;" -- the Southwest "fuel and energy complex, the oil sector" close to Mexico; -- California and the Pacific Northwest falling under Chinese influence; -- the Northeast and Middle Atlantic regions under the EU; -- Alaska may be returned to Russia; and -- Hawaii may become a Japanese or Chinese protectorate. Panarin sees 2010 as America's tipping point and says no miracle rescues can save it. In addition, he cites French political scientist Emmanuel Todd's 1976 prediction of the Soviet Union's dissolution that got him laughed at and scorned at the time but proved right. Todd now predicts a similar fate for the US in his 2002 book, "After the Empire: The Breakdown of the American Order." He cites: -- unilateral militarism shows weakness, not strength; -- America is parasitic, relying on voluntary or extracted "tributes" from vassal states; -- global terrorism is a myth; -- many nations, including EU states, China and Russia, are beginning to resist US adventurism; -- terminal corruption and decay; -- economic weakness and decline; -- producing little, America's "specialty is consumption (so) relies on foreign imports" to satisfy it; -- a declining middle class and growing poverty will curtail spending sharply; -- if capital inflows cease, the dollar will crash: -- a coming collapse of the stock market, financial institutions and the dollar; -- a ballooning trade deficit and shrinking manufacturing base; -- a predatory ruling class plundering the world with impunity, yet out of touch with its own people growing poorer, more desperate and angrier; -- America's abandonment of universalism and egalitarianism; -- excess consumption trapping people in an ocean of debt and lowering their living standards; -- "the rest of the world....is on the verge of discovering that it can get along without America; America is realizing that it cannot get along without the rest of the world;" -- an emerging Eurasia will end US supremacy, then isolate and curtail its dominance; and -- "If America continues to endeavor to show its power, it will simply reveal (to) the world its impotence." For his part, Panarin compares America to the Titanic after hitting an iceberg when it was unclear whether the crew would try to save the ship or more importantly its passengers. Unfortunately, under Bush and Obama, they're trying to save themselves at the expense of the ship and passengers. After disintegration, Panarin sees three dominant influence areas emerging - the EU, Russia and China. After 11 years of monitoring US policies, he believes his prediction is largely confirmed and states the following: America's FY 2009 "budget deficit is 4.5 times the 2008 deficit, while firearms sales are up 40%. On October 1, the coupons that were given state workers are to be cashed out. When (they) realize that they are getting nothing for (them), they will take out their firearms and chaos will unfold." Further, on September 30, 2009, results will be published that are "destined to shock investors worldwide. After that, and (Japan and China's) snubbing of the dollar....which will transfer 50% of (their) international operations to Yuan starting in 2010, the currency will then flow like a landslide out of style." Already nations like China, Russia, Brazil, Argentina and others are trading in their own currencies or will do so shortly. In Panarin's view, "the probability of the US ceasing to exist (in its present form) by June 2010 exceeds 50%. At this point, the mission of all major international powers is to prevent chaos" because what hurts America also harms them. A Multiple-Dip Depression Economist John Williams publishes the shadowstats.com electronic newsletter with updated sample data on his site. He calls government figures corrupted and unreliable because manipulative changes rigged them for political and market purposes. To correct them, he reverse-engineers GDP, employment, inflation, and other key data for greater reliability to subscribers. On August 1, Williams called the "Current Economic Downturn (the) Worst Since (the) Great Depression." It began a year earlier than reported, triggered a systemic solvency crisis, and the effects of "a multiple-dip depression (are) far from over." The July 31, 2009 national income accounts "confirmed that the US economy is in its worst economic contraction since the first downleg of the Great Depression, which was a double-dip" one like today's. Intermittent upturns are common, like from spiked auto sales from the cash-for-clunkers program that borrowed future purchases for today's. "Yet, this downturn will continue to deteriorate, proving to be extremely protracted, extremely deep and particularly nonresponsive to traditional stimuli." The economy suffers from deep structural problems related to household income. Consumers are over-indebted, can't borrow, and Washington's policies aren't helping them. Continued economic decline will follow. "The current depression is the second dip in a multiple-dip downturn that started in 1999 (and triggered) the systemic solvency crisis" that was visible by August 2007 but started in late 2006. The worst lies ahead, the result of the "government's long-range insolvency and (dollar debasing that risks) hyperinflation during the next five years," and perhaps sooner in 2010. It will cause "a great depression of a magnitude never before seen in" America, disrupting all business and commerce and reverberating globally. Williams defines deflation as a decrease in goods and services prices, generally from a money supply contraction. Inflation is the reverse. Hyperinflation debases the currency to near worthlessness. Officially, two or more consecutive declining quarters means recession, but better measures are protracted weakened production, employment, retail sales, construction, capital investment, and demand for durable goods among other factors. A depression occurs when inflation-adjusted peak-to-trough contraction exceeds 10%, and a great depression when it's 25% or worse. Today's economic downturn preceded the systemic solvency crisis after key data "hit cycle highs and began to weaken in late-2005 for housing and durable goods orders....early-2006 for nonfarm payrolls, (and) late-2006 for retail sales and industrial production, patterns more consistent with a late-2006" real recession onset. Gross Domestic Income (GDI) data confirms this analysis. Its real growth peaked in Q 1 2006, and revised GDI data contracted in seven of the last nine quarters. "Revised GDP shows the sharpest annual decline in the history of the quarterly GDP series," suggesting a much deeper and protracted downturn than previously reported. July 2009 marked the 19th consecutive month of contraction, "the longest downturn since the first downleg of the Great Depression." More recent GDP declines of 3.3% and 3.9% in Q 1 and Q 2 2009, "are the worst showings in the history of the quarterly GDP series" dating back to 1947-48. In 1946, a greater contraction occurred because of post-war production cutbacks, but it was short-term. Today's most reliable economic indicators show the downturn is deepening, not abating as deceptive media accounts report. "The SGS (Shadow Government Statistics) alternative measure of GDP suggests (a) 5.9% contraction....versus the official year-to-year" 3.9% figure. The official estimated annualized Q 2 2009 decline was 1% compared to SGS's figure "in excess of five-percent." Its alternative data show "deeper and more protracted recessions" than officially reported, suggesting a deepening crisis ahead. The CBO's Grim Forecast Even the conservative Congressional Budget Office sees a weaker economy ahead, contrary to most consensus views of a sustainable upturn. Its latest projections are as follows: -- 2010 U-3 unemployment at 10.2%, edging down to 8% by 2011 and 4.8% by 2014; -- in 2010, 12 million will be underemployed; -- for the next five years, economic weakness and lower demand will pressure workers with unemployment or underemployment; -- part-time work only will be available for millions wanting full-time jobs; -- low consumption will persist through 2014; -- unemployment benefits will be exhausted; -- households will be pressured to make mortgage payments, pay for health care, meet other obligations, and provide for their families at a time state and city budget crises force deep cuts in vital social services, not made up for by the federal government; -- tax revenues are down 17%, the sharpest decline since 1932; -- $600 billion in investment losses will result plus another $5.9 trillion in lost output through 2014; and -- the federal deficit will nearly double over the next 10 years to about $20 trillion. In sum, CBO projects a more severe protracted downturn than it earlier forecast in January. Troubled Times Ahead On July 14, Egon von Greyerz, Founder and Managing Partner of Zurich-based Matterhorn Asset Management AG, specializing in precious metals and other investments, said "The Dark Years Are Here" and explained why. Because of "the devastating effects of credit bubbles, government money printing (and) disastrous actions that governments are taking, (upcoming) tumultuous events will be life changing for most people in the world." They'll begin by year end, last for two to three years, then be followed by extended economic, political, and social upheaval, perhaps continuing for two decades. Greyerz cites three main concerns: -- exploding unemployment and government deficits; -- trillions of unreported bank losses and worthless derivatives; and -- rising inflation, high interest rates, collapsed Treasury bond (and UK gilt) valuations resulting in more money creation, worthless paper, and a "perfect vicious circle (leading to) a hyperinflationary depression followed by the collapse of the dollar and British pound. America is hemorrhaging financially and economically. Other countries now realize they hold "worthless" US dollars. Reckless money creation achieved short-term hope, benefitted Wall Street alone short-term, elevated world stock markets, and led some to believe the crisis was over when, in fact, it's worsening. Aside from expected short-lived upturns, "every single sector of the real economy is deteriorating whether it is production, unemployment, corporate profits, real estate, credit defaults, construction, federal deficits, local government and state deficits etc." In response, the Fed keeps printing money and destroying its value. "This is total lunacy! How can any intelligent person believe that printed pieces of paper can solve an economic catastrophe?" We're in "the first phase of this tragic saga." Likely by year end, a second more serious one will start. Real unemployment now tops 20%. It hit 25% in the Great Depression with 35% of the nonfarm population out of work and desperate. "It is our firm opinion that (US) non-farm unemployment levels will reach 35% at least....in the next few years" with all uncounted categories included. Growing millions with no jobs, incomes, savings, or safety net protections will create "a disaster of unimaginable consequences that will affect the whole fabric of American society" to a degree far greater than in the Great Depression. Growing unemployment now plagues Western and Eastern Europe as well, and by 2010 will more greatly affect most parts of the world, "including China, Asia and Africa. Never before has there been a global unemployment crisis affecting the world simultaneously." Ahead expect sharp drops in consumption and global trade leading to depression, poverty, "famine and social unrest." Already, conditions are worse than in the 1930s, but the worst is yet to come. Expect: -- an extremely severe global depression in most countries with grave economic, political, and social consequences; -- social safety net protections will end; -- private and state pensions will likely collapse; and -- unemployment, poverty, homelessness, hunger, and famine will cause a protracted period of economic, political, social, and institutional upheaval. If von Greyerz, Panarin, Todd, and others with similar views are right, a deepening, protracted, unprecedented global catastrophe approaches that "will be life changing for most people in the world." |
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| 06-Sep-2009 17:05 |
Others
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When did u reach ur 1st $100K
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anyone read the straits times today? investment section.. there's an article about cutting losses.. i like the quote he wrote "it's not a sin to be wrong, but in staying wrong" learnt about the importance of cutting losses |
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| 06-Sep-2009 12:38 |
Others
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When did u reach ur 1st $100K
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nice to see many contributions.. would like to share my own experience.. Starting working @ 24 after graduating from NUS, got a $3+K job as an engineer and at the same time trading shares. Didn't know much about technical analysis then, so in the stock market for purely speculative reasons. Bombed out when i took huge positions in a blue chip i thought was goin to post spectacular results but turned out otherwise. Lost my entire life savings 2 years later. Got interested in T.A when i was told by a colleague who knew a close friend who made his first million trading solely on T.A in the U.S. After learning through various online websites, and put into practice, made decent profit on some trades, particularly made on Xpress holdings when i bought below 10c it went to 20-30c. Decided to get my 1st T.A book by John Murphy. With T.A knowledge i started trading more frequently and during the pre financial crisis period, had made decent money with IPOs (e.g Sunvic,Uniasia, etc) got preference allotment cos got gd relationship with my broker. Made a pile with more notable trades such as Ausgrp (bought @ 60c before it shot to $2), swissco @ 70c before letting go @ $1.5, lianbeng @ 25c and letting go @ 70+c. Market crashed, been shorting and playing put warrants till Mar this yr where i started to pick up many blue chips (more notable trades are Kepland $1; i remember gettin into a quarrel with a forumer here becos i advocated a buy, look at the share price now!!)Yanlord @50c, still holding, Kep corp $4, SPC $1.8 .. thank God for Petrochina takeover..keke. All in all i achieved my $100K cash due to shorting the market during the financial crisis, now targeting >$200K by end 2009. Waiting to buy my swanky condo when the property euphoria subsides. |
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| 05-Sep-2009 17:12 |
Others
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When did u reach ur 1st $100K
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it's more about sharing's one experiences in getting to their 1st $100K.. how he/she got there and how the person did it to reach there and how long did it take to achieve that amounth.. care to share? |
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| 05-Sep-2009 15:18 |
Others
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When did u reach ur 1st $100K
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Just like to know at what age did u reach $100K.. in terms of savings,investment,property as a combination? | ||||
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| 05-Sep-2009 14:59 |
GLD USD
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Gold going up this year?
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EVEN the chinese government is promoting GOLD!.. The recent development of the Chinese government no longer restricting Gold and silver ownership and now actively promoting it is a very, very big deal (see article reporting this here and see this clip from Chinese television promoting silver - please remember that this item would not appear on Chinese television without explicit central government approval). To quote from the linked article:
This will generate huge physical demand for Gold and silver. I am currently intermediate-term bearish on silver and neutral on Gold because I still believe we need another deflationary price wave of asset liquidation. However, this story is a longer term development that is wildly bullish for precious metals investors and owners. The physical markets for Gold and silver are severely constrained. Those who say otherwise are dishonest or ignorant. Paper Gold and silver, which is not the same as Gold and silver at all, is plentiful. It is easy to buy the GLD ETF, a futures contract or some other paper proxy for actual physical Gold. I think these instruments defeat the purpose of Gold and silver investing and actually help to keep the price much lower than it should be. I do not advise paper Gold. Those who want paper investments should invest in Gold mining companies, but I think it is prudent to first secure some physical Gold as a portfolio anchor and insurance against paper defaults. The development of the Chinese government actively encouraging physical precious metal investment is not just important because of the sheer physical demand this move will generate. It is also philosophically and politically important and is yet another sign post pointing to the end of U.S. Dollar hegemony for those who care to pay attention. A government with a fiat currency that is backed by nothing but paper promises should be trying to get its citizens to despise Gold! Gold is the enemy of fiat currency regimes and always has been. America has been taught that Gold investing is kooky or weird and for "end of the world" types. This mantra has been repeated by the mainstream financial community over and over and Americans, in aggregate, have been brainwashed to believe it. Why wouldn't the Chinese, who have an unbacked paper currency pegged to America's unbacked paper currency, promote saving money in Yuan to their people? Why wouldn't they tell their people how strong their banks are and how they can earn 5% or 10% on a long-term certificate of deposit? In short, why aren't they lying to their people about money as our government lies to us? There aren't many reasonable options for this conundrum. They all center around one theme: the Chinese government wants more Gold and silver within its borders. Why would it want that? What is the point of the central government promoting an investment class that creates very few jobs and has little prospect for immediately growing the Chinese economy? I believe China is preparing for a post-U.S. Dollar world and I believe they are planning to promote a precious metals backed currency in some form (whether their own or an international currency for trading purposes). I believe this is being done methodically and gradually by China and I believe it has grave long-term implications for the U.S. Dollar. Though not good for the U.S. Dollar, a return to sound currency on any scale is a welcome development in my mind. Gold is money. Gold is a check on spendthrift governments that insist on Keynesian insanity. Gold stands in the way of those who believe increasing the indebtedness of a country is a way to grow or stimulate anything besides debt and increased central bank power. While China has begun promoting real savings to their people, the United States continues to deny reality and promote toxic waste to its citizens, pretending that our Dollar is strong and our banking system is solvent. When demand for Gold and silver increases in the United States, our government conveniently stops making the retail coins they are legally bound to produce. The more popular these U.S. Mint coins become, the less our government wants to make them. Here's a previous rant on this topic. When stepping back from the day to day price swings, this is a big picture of an emerging economy and a declining one. It is not pretty. And please don't think I'm excited by the prospect of China gaining global power - I'm not. I wish it weren't so. American citizens need to buy physical metal in much bigger quantities than they have so far. Our government should be promoting physical precious metal investment and should be falling all over themselves to provide an unlimited supply of U.S. minted Gold and other precious metal coins. But alas, up is down and right is left in a fiat world, so all I can do is scream and yell in cyberspace to let off a little steam and hopefully let a few people know what's coming so they can prepare. As an aside, many people have asked me about how to buy and store precious metals. I am going to summarize how easy it is in one long-winded paragraph! You can buy $10,000 worth of Gold by buying ten 1 ounce coins and it is roughly the same physical size as a $10 roll of quarters. Why are people concerned about storage? If you can't find a safe place to put an object the size of a $10 roll of quarters, then you may have to consider paying for a safety deposit box or other storage facility. If you have hundreds of thousands of dollars to invest, well that's a different story (email me - let's do lunch!). I recommend government 1 ounce coins for novice investors (e.g., American Eagles, Canadian Maple Leafs, South African Krugerrands, Austrian Philharmonics) and they can be mail ordered with minimal shipping costs (may be cheaper than using a local coin shop but there's nothing wrong with comparison shopping for such a big purchase). I would buy whichever of these 1 ounce coins has the lowest price on the day you are ready to make a purchase and avoid "rare" or "special" coins and just go for the plain Jane cheapest 1 oz. government Gold coins you can find. I have used several dealers in the past and never had a problem with any of them but I like apmex.com and gainesvillecoins.com (no financial relationship with these firms other than as a customer). Let's get physical along with China and restore some of the wealth destroyed over the past few years by replacing it with actual debt-free savings. |
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| 05-Sep-2009 14:35 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Here's a good article i like to share.. The September Syndrome by Bill Jenkins Pylesville, Maryland As just about everyone knows, the stock market crashed in a big way in 1929. Analyst Nick Guarino reminds me that it rallied 15 times before it hit bottom fours years later, having lost 90% of its value. And the truth is, when adjusted for inflation, the market didn't break even again until 1960. (If you're a "buy-and-hold" investor, you MUST account for inflation. It is the single biggest "invisible" tax in our wonderful Fed managed economy.) But before people could get too happy with making money again, along came President Johnson and the "Great Society." I don't know who it was so great for - the market began crashing again in '66. Once again, adjusted for inflation, it didn't get back to breakeven for another 30 years. So, 30 years from the Great Depression to the Great Society. Then 30 years from the Great Society to the Great Depression II. Each of the peaks resulted in 10-15 years of declines. Of course, they didn't fall straight down. That's the "trick" of the whole deal.
Each rally draws in a few more people, a little more money, until there are no suckers left. Then when the bottom hits, it has takes 15-20 years to "recover." It will take a very long time to recover from what we've been hit with: Exxon/Mobil lost two-thirds of its profits... that's 66%! The "World's Company," GE, saw a 47% collapse in profits. Toyota, the recession- impervious carmaker, posted its largest yearly loss EVER and is looking at losses this year, too. Insurers have been hit. Computer giants have taken a whacking. Even Disney is down over 25% in the third quarter. These are not "bumps in the road." They are "driving off a cliff." By some estimates, inflation-adjusted earnings are down 90% in the last 20 months. We are now in just the second year of this disaster. We are witnessing an almost perfect copy of the first Great Depression. And there are more nasty little secrets in the economy, waiting like ticking time bombs to explode. We will see more businesses in trouble, more banks failing, more foreclosures and more commercial real estate losses. At the end of June alone, there were over 5,300 commercial properties in the United States in default. That's more than double the number from the end of 2008 - and there are still six months to count. Still think American companies are recovering? What will a 300% rise in commercial defaults do for jobs? Profits? Banks? So don't let the recovery pundits fool you, even though they're out in force. No doubt you've heard the optimists: "The Recession is over." "The Recovery has begun." "Better get in on the ground floor now if you hope to recover all that retirement money you lost last year." Just look at the evidence, they say: Markets up 50%. In the greatest bull run since the Great Depression, stock indices are forging higher. The numbers are swelling. Ride the wave! But you probably know what I'm going to say right now: Don't believe a word of it! No market goes up forever. Isn't that one of the first lessons we learn when chasing a bull market? This one is no different. Could it go higher? Sure. But just how far can you stretch a rubber band? Eventually, it is going to snap back. And, as it happens, we're heading right into "snapback" season. Historically, the month of September is the worst month for stocks. Hands down. Indices fall more in this month on average than in any other month of the year. In fact, the S&P has declined in 11 of the past 20 Septembers. You may be inclined to say, "That's not so impressive." But an average decline of 10 points is something worth noting. Additionally, 40% of those falls consisted of declines that were 75-125 points. That's huge. No other month has such an anomaly. And it seems to me that this September may be ripe for the picking. In fact, the first day of September was a real whopper. And Monday (although technically an August day) was not so august for US equities. Thus, as the calendar turns over, we have two days in the down column. But as bad as September is, October has the reputation for being a real bloodbath. It certainly possesses a number of the largest down and crash days. But in order for a crash of monumental proportions to take place, there has to be some lofty level from which to fall. I get physically sick when people tell me how they are moving (what's left of their money) back into equities. I try to reason with them; I try to warn them. It breaks my heart to see pensioners barely getting by. You remember all the drama from recent years, how we were told that the elderly were forced to choose between food and medicine? Do you remember the seniors who were reportedly sharing their cat's food so they could buy their prescriptions? And that was during the go-go boom years. I cringe when I think of what lies ahead for them. Will it start this fall? Has the band stretched far enough? Has Wall Street suckered in all the money that will venture out into the street? That's all they're after. Draw everyone out of the woods. Get all those who believe that it's time to buy and hold into the game again. A 50% rally? Child's play! This time the Dow is headed for 18,000! Better tread carefully. This is without question the area of thinnest ice. One misstep by the government, a foolish line slip or a negative surprise, and the entire "recovery" falls like a house of cards. Keep your money, and your exits, close... and don't be afraid to take profit. |
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| 05-Sep-2009 12:36 |
Midas
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Midas
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technicals for Midas are in the oversold region.. it's about time for this baby to show its true colors.. | ||||
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| 05-Sep-2009 12:31 |
Straits Times Index
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STI to cross 3000 boosted by long-term investors
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Dow was up .. but take note on VERY VERY VERY light vol.. i won't bet on a sustained rally from here.. |
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| 05-Sep-2009 12:27 |
GLD USD
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Gold going up this year?
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Move ur money out from stocks.. the stock market will fall Park them into GOLD.. follow the trend.. u heard it first here. DYODD
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"The Chinese are being converted from being the lowest per capita [G]old consumers in the world to a nation of small precious metals investors. Now, by next year, Chinese consumption of [G]old is likely to exceed that of India, which has been for years the world's biggest [G]old market."| First < Newer 5341-5360 of 7452 Older> Last |