The worst is over, The golden age is here

[teddybear]

For all we know, S&P should be above 1720 by end of Sep 2013! (I am a long-term investor, short-term fluctuations doesn't matter).

[Simi]

VIX daily or The Fear Indicator

[phantom_opera]

oil at 103+ .. another $3 to go, Dow probably has another 300-400points to test the 200dMA ... every 100 point = $1 oil

[phantom_opera]

in general, the market expects 3-3.5% for 10y UST after Fed stop its QE in mid 2014

USGG10YR:IND 2.91% 0.01 0.45%

at 3.5% ... lots of EM/Singapore bonds will go underwater, at 3% it should be "fine".

[teddybear]

Published August 22, 2013
Emerging market govts move to retain investors


Turkey raises key interest rate; RBI to buy government bonds





[NEW YORK] Lawmakers and central bankers in India, Indonesia, Turkey and several emerging market economies are scrambling to contain the damage from falling currencies and to keep foreign investors from heading for the exits.
Money has poured out of those economies over the last few weeks, pushing down the prices of a wide array of assets, including stocks, bonds and currencies. On Tuesday, the Indian rupee fell to a record low against the US dollar, while the Indonesian rupiah dropped to its lowest level against the greenback since 2009.
In an effort to slow the exodus of foreign money from Turkey, the country's central bank raised a key interest rate on Tuesday. That came as the Reserve Bank of India announced that it would start buying Indian government bonds later this week to "address the risks to macroeconomic stability".
"At this point in time, I personally see the current government is completely in panic," said Arvind Singhal, the chairman of Technopak Advisors, a consulting firm in Delhi. The strengthening of the US economy appears to be one of the catalysts for the problems in the emerging economies. A booming US stock market has been a magnet for investors who might have otherwise invested in overseas stocks.

[phantom_opera]

http://finance.yahoo.com/q/ta?s=%5EI...p=&a=&c=%5EDJI

After banks, next is technology to outperform, 2nd stage bull market

[phantom_opera]

Make not mistake, US is recovering ... technology, Russel 2000, transport are leading the bull market

^IXIC
3,638.71 +38.92 +1.08% ^IXIC
NASDAQ Composite
^IXIC
^DJT
6,472.54 +125.10 +1.97% ^DJT
^RUT
1,036.20 +14.62 +1.43% Russel 2000

by end of 2013, everybody will be converted to a bull

it is time to buy the laggards aka STI components

[chestnut]

Agree... The US will do whatever it takes to recover. WHY? After pumping so much money, they will be crazy to hope for double dip. Hahahahahaha

As for EM, no comments as of now.

[phantom_opera]

Bernanke will be a hero in history by targeting 3% UST yield and engineer all time high for US stocks with recoverying housing market, next Fed I dun know

However, the good old days of BRIICS prosper together with the mighty US is over ... some will suffer stagnant economies for years

Obviously US consumers will be key to China and Singapore, pls eat, drink and gamble more

[3centsworth]

The US markets are going through a state of flux as fear and greed are interwined in the buying and selling process. Fear appears to be unwarranted though , but the ghosts of Lehman's Brother's collapse and massive outflow of funds are still lurking in the minds of investors. On the other hand, the massive liquidity in the system created by QE is still pushing investors to believe that the market has still some way to go especially when the economy seems to be recovering.

My take will be the markets will undergo a gyration ( up and down ) for the next 1 to 2 months until October when clarity of the economy's health is confirmed.

What should investors do in the meantime ? 2 options : you can choose to stay on the sidelines or you can go into bond or US currency.

[k00L]

Looks like Sep tapering is a done deal. Mr tharman sounds more confident in his speech today on this issue compared to the last crisis event related to europe. Hope he will get us through Sep relatively unscathered

[heehee]

Don't understand, what has Tharman to do with Fed decision?

Looks like Sep tapering is a done deal. Mr tharman sounds more confident in his speech today on this issue compared to the last crisis event related to europe. Hope he will get us through Sep relatively unscathered

[greglhc]

Don't understand, what has Tharman to do with Fed decision?

he is an insider as he is the chairman of a policy steering comm in IMF and also part of the group of 30

despite tapering, hopefully interest rates remain low for a while nonetheless

[teddybear]

Fed works independently from IMF, so don't think he can have insider info. If have, also cannot say right? So he is just stating his own opinion......

he is an insider as he is the chairman of a policy steering comm in IMF and also part of the group of 30

despite tapering, hopefully interest rates remain low for a while nonetheless

[phantom_opera]

Gold up big time after the new home sales number .... gold is really the black horse for past 3m

Let's see the market reaction today

[phantom_opera]

gold up, bond yield down after hitting 2.93%, stock flat, rupee back down to 63 after hitting 65.5

market a little bit unsure about Septaper now given the weak new sales # last night

but I still bet on US recovery ... NASDAQ up 1.7% this week and S&P500 recovered 50dMA so hold your US stocks and buy STI blue chips on dip

interesting to see next week whether 10y UST yield could drop back to test 2.7%

the biggest losers are still EM currencies ... Indons/Indians are buying gold like no tomorrow, contagion is threatening to hit MY/TH for sure ..sigh

[chestnut]

Actually, i pity those who sold all their properties waiting for prices to drop... If they sell 1/2, I still can understand.... With all the SSDs, how to buy again???

HAHAHAHAHAHAHAHA

My renewal rental went up leh....

HAHAHAHAHAHAHAHA

[phantom_opera]

Actually, i pity those who sold all their properties waiting for prices to drop... If they sell 1/2, I still can understand.... With all the SSDs, how to buy again???

HAHAHAHAHAHAHAHA

My renewal rental went up leh....

HAHAHAHAHAHAHAHA

paper said car buyers all very rich 2nd car, avg joe all cant afford

only left the rich to play but PAP keep importing the rich so how to crash

[Arcachon]

That came as the Reserve Bank of India announced that it would start buying Indian government bonds later this week to "address the risks to macroeconomic stability".

Don't understand why RBI think they buy government bond can help Rupee......

If a central bank purchases a government security, such as a bond or treasury bill, it increases the money supply, in effect creating money.

http://en.wikipedia.org/wiki/Government_bond

Policy inaction: Perception of lack of clarity on the policy front is also fanning speculative demand wherein the Reserve Bank of India (RBI) on one day said it will tighten liquidity and on yet another said it will inject $1 billion in the market.

http://profit.ndtv.com/news/cheat-sh...ery-day-326160

[smartboy2]

buy now or you'll find it even harder to buy again.

[phantom_opera]

following trolley pushers overnight 2x salary stunt (550->1000), akan datang:

The union is looking into extending its Progressive Wage Model to include the security and landscaping industries, as well as carpark attendants. It is also exploring the setting up of a 'one-stop centre' for low-wage workers to seek help and redress on workplace-related issues.

no 1k no talk next time

prepared for price to go up on everything

[star]

Condo maintenance fee to go up soon. Min $500 per month.

[kane]

Condo maintenance fee to go up soon. Min $500 per month.

2 bed at rivergate?

[wirehtc]

Condo maintenance fee to go up soon. Min $500 per month.

Security guards, cleaning workers etc salaries are increasing, and so do their training costs.

[proud owner]

Security guards, cleaning workers etc salaries are increasing, and so do their training costs.

hhhmmm

so stay landed cheaper ?

[mummy]

hhhmmm

so stay landed cheaper ?

My husband did not like paying the maintenance when we lived in an EC as we seldom used the facilities, that is why we sold it. Now, we live in a landed and we save on the mthly fee and it rises in value much faster too.

[phantom_opera]

rising inflation is rising tax ... aka datang

who said PAP does not raise tax

[wirehtc]

hhhmmm

so stay landed cheaper ?

Yes, if things don't break down, else it will also be costly.

[phantom_opera]

how would market react to durable order miss?

[phantom_opera]

MCD chart looks like going for a 2012 repeat