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03-09-2013, 01:21 PM
Dr YC Chan - 2 September 2013 newsletter:
In May this year, US Federal Reserve started talking about withdrawing from the markets. Singapore stock market subsequently tumbled in June, rebounded in July, and fell again in August. The market trend inSingapore was similar to that in US, but its stock performance was worse than in US and Hong Kong stocks.
Lately, Singapore is in the midst of the so called new Asian financial crisis.
Indon rupiahs; Thai bahts; Malaysian ringgits and Philippino pesos and stock markets have fallen sharply. Singapore market is affected by what is happening to all these neigbouring countries as capital is being withdrawnfrom this region.
However, I do not think the recent so called Asian financial crisis would be as disastrous as in 1997.
理由是新加坡正处於近日的所谓新亚洲金融风暴的内眼，近一段日子，印尼盾、泰 国铢、马来西亚零吉、菲律宾比索的币值都大幅下跌，股市也下跌，这些国家全是新加坡的邻国，新加坡股市很自然地会受到影响，资金从这整个地区撤出。
不过，我不认为目前的所谓新的亚洲金融风暴会像 1997 年那样的惨烈，
The situation of the Asean countries and India is much better than it was in 1997. The values of the currencies of the Asean countries then were linked to US$. The economies of the Asean countries had been declining at the time whilst the US economy was booming. The US President Clinton was the first president who led the country to have budget surpluses since Wrold War II.
The exchange rate of the US$ to other major currencies appreciated; there was no reason for the values of the currencies of the comparatively weaker Asean countries to link to US$, thus opened up for the international crocodile George Soros to attack these currencies. Now the currencies of the Asean countries are free floating, with no internatinal crocodiles to snipe at. The recent fall of the currencies is a natural reaction, an orderly process without panic, a far cry from the tense situation when Indon President Suharto was being ousted then.
Besides, George soros learnt a lesson in 1998 from the then Malaysian Prime Mininster Mahathir Mohamad who immediately stopped free exchanges of Malaysian ringgits and banned Singapore from trading Malaysian stocks. All the international crocodiles’ deposits in Malaysia were freezed, and they suffered hefty losses as a result. Once beaten, twice shy, I believe these big crocodiles dare not over do it again; otherwise they might be trapped in thenet of their own making.
US stocks dipped further in August for fear of US market withdrawal bceome official in September.
There is nothing to worry about; it is going to happen sooner or later, in fact the sooner the better.
Market withdrawal offers a good OPPORTUNITY to Collect Stocks at Low levels.
退市是迟早要发生的事，早退好过迟退，退市正是趁低吸纳的好时机。
[Image: jbbcqyfbh3tvr3.png]
US will not withdraw from the markets before economic recovery, and will not do it to jeopardise its recovery. Thus, withdrawing from the markets is an indication of USeconomy is recovering and is therefore nothing to fear.
American soldiers might attack Syria was one of the reasons causing stock markets to fall in August.
But since 1991, Whenever US soldiers Went to War, the Stock markets went UP,
[Image: jAOEnjbNiaDQQ.png]
Dipped BEFORE the war started.
叙利亚可能遭到美军的攻击也是八月份股市下跌的理由之一，
但是，从 1991 年中东战争至今 ，每一次美军一出动，股市皆升，
跌市只是在战争未开始时才出现。
In May this year, US Federal Reserve started talking about withdrawing from the markets. Singapore stock market subsequently tumbled in June, rebounded in July, and fell again in August. The market trend inSingapore was similar to that in US, but its stock performance was worse than in US and Hong Kong stocks.
Lately, Singapore is in the midst of the so called new Asian financial crisis.
Indon rupiahs; Thai bahts; Malaysian ringgits and Philippino pesos and stock markets have fallen sharply. Singapore market is affected by what is happening to all these neigbouring countries as capital is being withdrawnfrom this region.
However, I do not think the recent so called Asian financial crisis would be as disastrous as in 1997.
理由是新加坡正处於近日的所谓新亚洲金融风暴的内眼，近一段日子，印尼盾、泰 国铢、马来西亚零吉、菲律宾比索的币值都大幅下跌，股市也下跌，这些国家全是新加坡的邻国，新加坡股市很自然地会受到影响，资金从这整个地区撤出。
不过，我不认为目前的所谓新的亚洲金融风暴会像 1997 年那样的惨烈，
The situation of the Asean countries and India is much better than it was in 1997. The values of the currencies of the Asean countries then were linked to US$. The economies of the Asean countries had been declining at the time whilst the US economy was booming. The US President Clinton was the first president who led the country to have budget surpluses since Wrold War II.
The exchange rate of the US$ to other major currencies appreciated; there was no reason for the values of the currencies of the comparatively weaker Asean countries to link to US$, thus opened up for the international crocodile George Soros to attack these currencies. Now the currencies of the Asean countries are free floating, with no internatinal crocodiles to snipe at. The recent fall of the currencies is a natural reaction, an orderly process without panic, a far cry from the tense situation when Indon President Suharto was being ousted then.
Besides, George soros learnt a lesson in 1998 from the then Malaysian Prime Mininster Mahathir Mohamad who immediately stopped free exchanges of Malaysian ringgits and banned Singapore from trading Malaysian stocks. All the international crocodiles’ deposits in Malaysia were freezed, and they suffered hefty losses as a result. Once beaten, twice shy, I believe these big crocodiles dare not over do it again; otherwise they might be trapped in thenet of their own making.
US stocks dipped further in August for fear of US market withdrawal bceome official in September.
There is nothing to worry about; it is going to happen sooner or later, in fact the sooner the better.
Market withdrawal offers a good OPPORTUNITY to Collect Stocks at Low levels.
退市是迟早要发生的事，早退好过迟退，退市正是趁低吸纳的好时机。
[Image: jbbcqyfbh3tvr3.png]
US will not withdraw from the markets before economic recovery, and will not do it to jeopardise its recovery. Thus, withdrawing from the markets is an indication of USeconomy is recovering and is therefore nothing to fear.
American soldiers might attack Syria was one of the reasons causing stock markets to fall in August.
But since 1991, Whenever US soldiers Went to War, the Stock markets went UP,
[Image: jAOEnjbNiaDQQ.png]
Dipped BEFORE the war started.
叙利亚可能遭到美军的攻击也是八月份股市下跌的理由之一，
但是，从 1991 年中东战争至今 ，每一次美军一出动，股市皆升，
跌市只是在战争未开始时才出现。
