UK pound falls to fresh 2.5-year low against Singdollar as 'Brexit' fears persist

Without ASEAN Singapore doesn't even have a voice. You can say Euro is lame but without EU, US would have no counterbalance in USD or politics. Without lame NATO USSR would not be contained though people know US is the might behind NATO.

Membership has its privileges. That's why UK unilaterally join China's ADB. It is another posturing.

Read LKY's books which is quite revealing about international politics. Disclaimer: I am a fan of pre-1980s LKY era.

I'm not even sure how Putin's strategy on Crimea, Ukraine and Syria is considered predictable even as oil plunges and Rubles goes to waste. North Korea is playing roulette... Putin is playing Bridge... there's a difference.

Economically GB growth is likely going to lag behind unless like I posted above, they are going to reposition as US or China centric, which IMHO is even tougher. It won't be overnight but I always remember the richest country 50 years ago in ASEAN was Burma and most stable was Phillippines. Ceylon was center of administration prowess. The mighty pound post WW2 is reduced to even third place after Deutsche Mark. It takes just one generation of decision makers of 50 years which I am unsure that SG50 had got the message.

I came to realise things don't happen by accident; they happen on purpose. Ditto the newsflows on stocks

262 of 382 declared

51.5% leave vs 48.5% stay

STI taking a beating -2%

Counting should ending in the next few hours

If Britain exits EU, the possibility of Scotland leaving UK will be higher.

I am quite surprised at the results. If what I am seeing is the eventual outcome, my warchest and CPF OA will be empty soon

The gap has widened to 600,000 for the leave camp as of writing

Another question is what is the magnitude of reprecussions to other EU members, Especially when countries like Greece is still in financial peril

(24-06-2016, 11:26 AM)CY09 Wrote: I am quite surprised at the results. If what I am seeing is the eventual outcome, my warchest and CPF OA will be empty soon

The gap has widened to 600,000 for the leave camp as of writing

Another question is what is the magnitude of reprecussions to other EU members, Especially when countries like Greece is still in financial peril

From another perspective, time for shopping, with great sales? 

(24-06-2016, 11:29 AM)CityFarmer Wrote:

(24-06-2016, 11:26 AM)CY09 Wrote: I am quite surprised at the results. If what I am seeing is the eventual outcome, my warchest and CPF OA will be empty soon

The gap has widened to 600,000 for the leave camp as of writing

Another question is what is the magnitude of reprecussions to other EU members, Especially when countries like Greece is still in financial peril

From another perspective, time for shopping, with great sales? 

I had actually wanted to say that this is a good example of inefficient market, or the fallacy that current price (ie yesterday) is best predictor.

But 3 years from now nobody will remember cause the voice of the efficient market theorists and academics are much louder. The loudest have the last say, the drunken driver has the right of way

This is exhilarating even though i am all cash..........

Leave 51.8% vs 48.2% remain

800,000 votes lead for leave

already 294 of 382 areas counted

Era of the Bears?

http://www.google.com/finance?q=GbpSgd

Amazon UK lai liao...

(24-06-2016, 11:35 AM)newborn1000 Wrote: This is exhilarating even though i am all cash..........

Leave 51.8% vs 48.2% remain

800,000 votes lead for leave

already 294 of 382 areas counted

Era of the Bears?

GROWL!!!

the world economy is already in the doldrums kept alive only by central bank stimulus and support. This is probably just the beginning. Could very well be the unexpected trigger for markets unravelling. A lot of funds will be exiting from Europe and emerging markets back to safe haven assets like USD cash or gold or YEN. 

This preliminary drop in markets is an excellent example of how important a loaded elephant gun is. When the dust settles can just take your pick of blue chips to buy. Happy days for patient value investors. 

very the exciting. Particularly wanna see how this affect China property and economy. SSE down not much but hongkong and HSBC bye bye liao..


hmm maybe time to be contrarian and start looking at HSBC, just like when citibank down to $1 during GFC times.

% wise is the same lead

But the votes count has widen to almost 1 million towards leave

338 of 382 has been counted

It will take something special to reverse this.....

STI is in free fall -2.5%