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STI to cross 3000 boosted by long-term investors

Still going up for STI to 3.192 pt +43pt .should easily hitting above 50 pt for today. Sori for typing err.. on STI 3,131 pt, should read 3,191 pt

DOWup and not DOWn, DOW turn green, up by 102.3 pt to 12,654.85 pt and Japan Nikkei is oso greenish , +133 pt

S"Pore ST Index started up early by 42 pt to STI 3,131 pt Green Ahh...

for those ppl lazy one, just sell in june. tahan the minor dip.

there is always mini shakeout before the rally to rid the weak leecher..

singaporegal,

u are referring to after the 15days or after the long weekend. CNY period is traditionally low volume leh

I think new Newmoon has got it spot on. Investors seem more afraid of interest rate hikes rather than cheer new nuclear arms deal. The market was almost entirely unaffected when North Korea carried out the missle test. But when Bernanke made his first statements last year ... it was utter chaos.

I'm betting that the STI will turn bullish after CNY.

As a contrarian of contrarians .... Still have to be careful. Trade with care ya!

An article to cheer up a Bloodly RED STI today .... :)

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Still closer to the wall of worry

Commentary: Contrarians see stock market's weakness as temporary

By Mark Hulbert, MarketWatch

Last Update: 12:11 AM ET Feb 13, 2007

ANNANDALE, Va. (MarketWatch) -- Contrarian analysis suggests that the stock market's weakness that began last week is merely temporary and not the beginning of a more serious downturn.

Consider the latest readings from the Hulbert Stock Newsletter Sentiment Index (HSNSI), which reflects the average stock market exposure among a subset of short-term stock market timing newsletters that are tracked by the Hulbert Financial Digest. As of Monday night, the HSNSI stood at 47.6%.

That's down some six percentage points from where it stood a week ago, when I last devoted a column to newsletter sentiment.

But the most telling comparison is not with where the HSNSI stood a week ago. The HSNSI has now fallen back to a level not seen since September, when the Dow Jones Industrial Average was nearly 1,000 points lower.

To put that in perspective, consider where we would have guessed sentiment would be today if, in September, we had imagined the Dow to be 1,000 points higher in five months' time. As you go through that imaginary exercise, recall the Dow had still not broken above its early 2000 high.

My guess is that we would have imagined that sentiment would have been higher a lot higher.

The fact that it is not is bullish, according to contrarians, since it suggests that current sentiment conditions are closer to the wall of worry that bull markets like to climb than they are to the slope of hope on which bear markets thrive.

I have some additional, highly anecdotal, evidence of a wall of worry: The e-mails I received in response to a short piece I wrote early Monday about the inverted yield curve in the U.S. In that short piece, I reported an argument from Standard & Poor's about why the inverted yield curve might not be the cause for concern that it otherwise would appear to be.

I don't want to focus here on arguments that were made in the e-mails that I received, both for and against, many of which were cogent and well-reasoned. Instead, what is of interest from the point of view of contrarian analysis is that more than 90% of the e-mails I received took issue with S&P's argument.

My guess is that if we were closer to a market top, and irrational exuberance had replaced the wall of worry, the ratio would have been just the reverse.

Mark Hulbert is the founder of Hulbert Financial Digest in Annandale, Va. He has been tracking the advice of more than 160 financial newsletters since 1980.

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