Yup... I agree to you on the confusion of today's performance against yesterday's but when HSI opened yesterday, had it opened fast and furious, it would have stirred a rally, however, it did not. But rather seem to be stalling.. so that made me change my game plan before lunch...
Maybe be a good thing to put some small sum on PW....
FTSE down 7.4%...
DJIA down 3.5%...
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Actually... what's really scary about the stock market are how fast and furious it rise and fall. If we really think about it... the economy doesn't suddenly change overnight just because of some bad or good news...
I did expect markets to pick up after the EU meeting on Sunday. And factor in profit-taking from the losses last week.. but still... the swing is dramatic. And then everything stopped in its tracks today. Was today so different from yesterday?
It just shows how fickle we humans are...
And I hope Krugman is right that last Sunday's decision is the turning point of this crisis. And I'm happy that he landed the Nobel Prize. Didn't waste my money buying his books. But if we really want to learn something ... read Charles Handy and Kenneth Boulding. They taught me to understand what all this means far more than all the economic books combined.
P.S. I, somehow, think I might get some heat from posting this... but hey... that's the way it is, isn't it?Leave a comment:
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As long as there is market movement, me will be in! Either go in Long or Short..
Went Short on Cosco from the opening bell, covered my position when it hit 0.78... Lots of people Lost Big Time when it Plunged ytd..
Now waiting for CityDev to drop then will buy in again..hahaLeave a comment:
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Agree, bear trap... G7 willing to help all banks or say only??? Heard that this recession will last for at least 2years... Car industry had retrenched many staff already.....so now to eye what shares to invest.. definitely a golden opportunity.....High risk high return.Originally posted by panerai7776 View PostIMHO, I think the so called rally for the past few days is just a bear trap. Fund houses are pushing the prices up to exit. An indication will be the high volume per transaction.
After the mortgage crisis, next will be credit card, followed by hedge funds.
Don't want to go into technical details.
I would strongly urge brothers here to stay away. It's far from over.
Just my 2cts
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i agree. u see yesteday morning up 150 pts then by the time it close it is weaker liao. think profit taking.
more to come...this hole how big how deep no one knows.
Originally posted by panerai7776 View PostI would strongly urge brothers here to stay away. It's far from over.
Just my 2ctsLeave a comment:
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IMHO, I think the so called rally for the past few days is just a bear trap. Fund houses are pushing the prices up to exit. An indication will be the high volume per transaction.
After the mortgage crisis, next will be credit card, followed by hedge funds.
Don't want to go into technical details.
I would strongly urge brothers here to stay away. It's far from over.
Just my 2ctsLeave a comment:
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i was thinking of buying gold too..but my safe not power enough to store gold leh..should have brought the $1200 safe a few months back..Originally posted by armchaireconomist View Poststill above 1 buck... Even if really really no upside. Just go to Oz for a holiday lah...
The other thing that is interesting now... is phyiscal gold. I'm tempted to buy some and keep in the safe. Again... even if no upside in short/medium term, can always sell it off even in far far future...
Or... buy a PP Nautilus Complication and keep in the safe. That one sure to appreciate.
In all honesty, I'm almost ignoring short term. I just don't have the time to keep chasing the screens to make snap decisions. So anyone looking at very short term gains... I'm not the guy to ask.
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still above 1 buck... Even if really really no upside. Just go to Oz for a holiday lah...Originally posted by leslie View Post
The other thing that is interesting now... is phyiscal gold. I'm tempted to buy some and keep in the safe. Again... even if no upside in short/medium term, can always sell it off even in far far future...
Or... buy a PP Nautilus Complication and keep in the safe. That one sure to appreciate.
In all honesty, I'm almost ignoring short term. I just don't have the time to keep chasing the screens to make snap decisions. So anyone looking at very short term gains... I'm not the guy to ask.Leave a comment:
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Ya... sure... other forumers also complain my nic too bloody long... They also use ACE too...Originally posted by jazz_samz View Post
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