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US turns bearish - expect the rest of the world to follow
13th October: The New York Stock Exchange Composite broke out from a double top with minimum target of about 6% down. The greater probability is that this breakout is a leading indicator for S&P and the Dow. The Nasdaq has also broken out of a top, less persuasive than that of the NYA, but a bearish picture is beginning to emerge for the US. I'd give it another week to see whether the Dow and S&P follow suit. If, as I suspect, the US is entering a bear trend then all bullish bets for the rest of the world - Europe, emerging markets, Asia - are off. A bear in the US will inevitably bring the rest of the world down with it.
http://www.asiachart.com/update13O.html
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Weird US was down 1.5% last night, instead STI and HK rallied today
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14-10-2014, 11:45 AM
(This post was last modified: 14-10-2014, 11:55 AM by BlueKelah.)
No point following daily fluctuation, today it's just due to China selling bonds at 3.4% giving hope of further easing
Short term. Trend will still down, as usa is stopping their bond purchase aka money printing, which will down their stock market
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(14-10-2014, 11:09 AM)LLS Wrote: Weird US was down 1.5% last night, instead STI and HK rallied today Yes very weird indeed. DOW can broke its previous high by 21% yet STI haven even sniff its previous high. The theory still holds. What goes up a lot will come down a lot. What didn't move up, will not come down. There is no fear in STI at all. I cant sense any.
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I think US may correct 10-20% before the feds come in to prop up the market again
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For singapore market, oil related companies got sold off pretty badly, keppel corp looks pretty attractive at $10 level, pe 10 yield 4.7%, i managed to get some at 10.05
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Yr one liners doesn't help... have to justify yr feel than just shooting from the hip...
like that i better watch CNBC or CNA...
(14-10-2014, 12:01 PM)LLS Wrote: For singapore market, oil related companies got sold off pretty badly, keppel corp looks pretty attractive at $10 level, pe 10 yield 4.7%, i managed to get some at 10.05
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(14-10-2014, 12:01 PM)LLS Wrote: For singapore market, oil related companies got sold off pretty badly, keppel corp looks pretty attractive at $10 level, pe 10 yield 4.7%, i managed to get some at 10.05
(14-10-2014, 02:41 PM)greengiraffe Wrote: Yr one liners doesn't help... have to justify yr feel than just shooting from the hip...
like that i better watch CNBC or CNA...
(14-10-2014, 12:01 PM)LLS Wrote: For singapore market, oil related companies got sold off pretty badly, keppel corp looks pretty attractive at $10 level, pe 10 yield 4.7%, i managed to get some at 10.05
I agree with GG, well why did the oil related companies got sold off badly, did you check what is the reason behind the sell? Was is due to its poor performing energy/power sector due to market regulations by the SG govt or due to the dipping oil price or what happened to its subsidiaries business? At $10 maybe attractive to you but not others, everybody should evaluate the cost of entry and weigh the risk with the share price themselves..but the question should be is the price attractive to you, if it is then good for you as you got it at a bargain, the call you made..
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(14-10-2014, 12:01 PM)LLS Wrote: For singapore market, oil related companies got sold off pretty badly, keppel corp looks pretty attractive at $10 level, pe 10 yield 4.7%, i managed to get some at 10.05 Well I think as long as its PE is below the 5 to 10 year average, you should be pretty safe. Ignore the oil price drop noise. Oil price will go back up above US$100 or even US$200 within the next 10 years. But of course when a deep recession strikes KepCorp can go down to a price u never imagine. I still remember a fund manager Tan Teng Boo is hoping to buy KepCorp at S$3. Well he might have to wait for the next recession probably in another few more years?
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14-10-2014, 03:26 PM
(This post was last modified: 14-10-2014, 03:27 PM by LLS.)
so many stocks got sold down , there's a lot bargains now
not only kep corp
just that oil and gas related, got sold down the most~ so easier to find great companies that will do well in the long term selling cheap from this area
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