The Next Big Crash - Are You Prepared?

http://www.marketwatch.com/story/japan-s...2013-06-23

Shanghai stocks plunge 5.3%, weigh down Asia
Shanghai index ends below 2,000 after worst drop in nearly 4 years

Short-term interbank interest rates in Shanghai, which hit record highs on Thursday, further extended their drop from those levels but stayed above the 6% level Monday, according to Dow Jones Newswires.

Worries about high interbank rates have surfaced at a time when several brokerages have downgraded their outlook for the Chinese economy. Goldman Sachs on Monday cut China’s economic growth forecast to 7.4% for 2013 and to 7.7% for 2014.

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MADRID (MarketWatch) -- Goldman Sachs became the latest investment bank to downgrade its forecasts on China growth for this year and next, citing tighter financial conditions. In a note dated June 23, Goldman said it now expects real gross domestic product growth at 7.5% year-on-year in the second quarter of 2013, from 7.8% previously. It expects GDP growth of 7.4% and 7.7% for 2013 and 2014, respectively, from 7.8% and 8.4%, previously. "The recent tightening of the interbank market has sent a strong policy signal that the strong credit growth earlier in the year will likely not continue," wrote economist Li Cui in a note. Goldman joins HSBC, Morgan Stanley and UBS who have all recently cut their growth forecasts on China.

(24-06-2013, 05:11 PM)felixleong Wrote: http://www.marketwatch.com/story/japan-s...2013-06-23

Shanghai stocks plunge 5.3%, weigh down Asia
Shanghai index ends below 2,000 after worst drop in nearly 4 years

Short-term interbank interest rates in Shanghai, which hit record highs on Thursday, further extended their drop from those levels but stayed above the 6% level Monday, according to Dow Jones Newswires.

Worries about high interbank rates have surfaced at a time when several brokerages have downgraded their outlook for the Chinese economy. Goldman Sachs on Monday cut China’s economic growth forecast to 7.4% for 2013 and to 7.7% for 2014.

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MADRID (MarketWatch) -- Goldman Sachs became the latest investment bank to downgrade its forecasts on China growth for this year and next, citing tighter financial conditions. In a note dated June 23, Goldman said it now expects real gross domestic product growth at 7.5% year-on-year in the second quarter of 2013, from 7.8% previously. It expects GDP growth of 7.4% and 7.7% for 2013 and 2014, respectively, from 7.8% and 8.4%, previously. "The recent tightening of the interbank market has sent a strong policy signal that the strong credit growth earlier in the year will likely not continue," wrote economist Li Cui in a note. Goldman joins HSBC, Morgan Stanley and UBS who have all recently cut their growth forecasts on China.

One day down 5% sounds like panic starting. Those TA chartist will be scratching their heads again trying to figure out how much resistance to be breached.
Could this be the start of the Black Swan ?
Will china start printing money for stimulus again?
we will find out in a months time

crunch crunch crunch

I fall aslp for 1-2 mths, time to rekindle this thread?

STI falling worse than Jun period..which didnt go below 3000..How low will it go thuis time!!!

STI red again today
down 1.5%

http://www.marketwatch.com/story/us-to-h...beforebell


STI down 9% over the last 3 months from its peak of 3400 level to now going towards 3000 level (refer to chart attached)
one more red session and the sti will enter the -10% bear zone

fears looming over US again, the debt ceiling, the raise of interest rates, the tapering of QE

time to be greedy when others are fearful? feel free to share your views

Are they fearful already? Its just a 7th month phenomena. Relax.. sit back. more to come

A Bear market can happen too by the Bear sneaking in by the "back door". i would prefer a sudden appearance of "Black Swan" follow swiftly by a BIG BOLD BEAR. But the former happens more often. How many Black Swans can the world produce?
But i think BB market cycles are getting shorter because of "GLOBALISATION"

https://www.youtube.com/watch?feature=pl...DXdV727534

taiwan show on QE

sg needs such shows too~

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SINGAPORE-Index heads for longest losing run in 11 years: Reuters

Singapore shares were on course for a ninth day of decline in tepid trading, the longest losing streak in 11 years, echoing
weakness in regional markets, weighed down by nervousness over a... possible U.S. military attack on Syria.

The Straits Times Index dropped 0.8 percent to 3,059.78, with trading volume at just about half of the 30-day average turnover, led by Jardine Cycle & Carriage Ltd and Thai Beverage Plc.

In other stocks, Sino Grandness Food Industry Group Ltd , a China-based canned vegetables and fruits producer, was among the worst performers.

Shares of Sino Grandness Food Industry slumped as much as 22 percent after its peer China Minzhong Food Corp Ltd
share price halved on a report from a short-seller on Monday.

Oilfield service firm Ezra Holdings Ltd shares rose 4.8 percent to S$0.87 after it denied media reports that it had been a target of acquisition from Samsung Heavy Industries. The company's shares fell to S$0.82 last week, the lowest since November, 2011.

Ezra's share price has fallen over 20 percent so far this year, as it faces project delays and cost overruns in its subsea
division. In comparison, sector leader Ezion Holdings shares have climbed 37 percent this year.

" We expect downward pressure on Ezra's margins for the next few quarters as it may still take some time for its subsea
segment to fully integrate the AMC (Aker Marine Contractors)business," Phillip Securities said in a note, setting the target price at S$1.00.

The AAII Investor Sentiment Survey measures the percentage of individual investors who are
- bullish,
- bearish,
- and neutral

on the stock market for the next 6 months; individuals are polled from the ranks of the AAII membership on a weekly basis.

Only one vote per member is accepted in each weekly voting period.

Note: Numbers may not add up to 100% because of rounding.

[Image: j0bocG7A32Ya.png]

http://www.aaii.com/sentimentsurvey

(27-08-2013, 02:58 PM)felixleong Wrote: STI red again today
down 1.5%

http://www.marketwatch.com/story/us-to-h...beforebell


STI down 9% over the last 3 months from its peak of 3400 level to now going towards 3000 level (refer to chart attached)
one more red session and the sti will enter the -10% bear zone

fears looming over US again, the debt ceiling, the raise of interest rates, the tapering of QE

time to be greedy when others are fearful? feel free to share your views

STI support broken, next 2950.

Be greedy too soon also a cause for concern.

(27-08-2013, 02:58 PM)felixleong Wrote: STI red again today
down 1.5%

http://www.marketwatch.com/story/us-to-h...beforebell


STI down 9% over the last 3 months from its peak of 3400 level to now going towards 3000 level (refer to chart attached)
one more red session and the sti will enter the -10% bear zone

fears looming over US again, the debt ceiling, the raise of interest rates, the tapering of QE

time to be greedy when others are fearful? feel free to share your views

The problem is that I don't feel fearful yet. Maybe I had expected it? It seems that the worst is yet to come.