LOL SUCH AMATEURS ON THIS FORUM.Originally Posted by Unregistered
CANT EVEN TELL THE DIFFERENCE BETWEEN SINGULAR AND PLURAL. HAS TO BE 'IS DEAD' NOT 'ARE DEAD'.
HAVE MORON CAT ALSO? I AM SURE YOU DISCOVERED IT TODAY WHEN YOU LOOKED IN THE MIRROR LOL.
Wah, what a stupid moron!
We all say, "You are dead" mah.
Got people say "you is dead" meh?
So he is right to say "you, the moron cat, are dead"
Ha ha ha!
Index up only 4.2%, you panic so much for what?
Index is to make Moron Jump., end of the day money invested up more important. take care
LOL SO POOR IN ENGLISH? GO OPEN WREN & MARTIN. TILL WHAT GRADE DID YOU STUDY ENGLISH?
"YOU ARE DEAD" BUT WHEN YOU QUALIFY IT WITH A QUESTION IN PRESENT TENSE "YOU THE MORON, IS DEAD?"
STUCKKKKKKKKKKK OHHHHHHHHHHHHHHH STUCKKKKKKKKKKK. SOMEBODY SAVE ME. HOW TO SELL WHEN PRICE DROPPING.
please dont complicate it. in singlish it is 'you the moron are dead' kikikikikiki.
"You is dead?"
Never heard of.
I only know "You are dead."
Only stupid fool like you use it.
And only stupid fool like you discuss English usage in a property forum.
In conclusion:
You (the moron cat) are dead.
You, the moron cat, are dead.
No question about it.
'you the moron are dead?' kikikikikiki
ai ya, u 2 don't talk cocc. la. Let move on, price up or down??
OH SO YOU DROPPED THE QUESTION MARK? SMART CAT.
yes he is the smart cat who can do an about turn in a few minutes.
Moron cat, here is an article for you to check for English mistake. You have an hour to do it.
Asian stocks surge as bank moves bring relief
Tom Miles
Reuters
Hong Kong SAR
Wednesday, 2 April 2008
Asian stocks jumped and bonds fell on Wednesday after a Lehman Brothers securities offering met strong demand, raising hopes that the worst of the credit crisis might be over.
A US$19 billion write-down by Swiss bank UBS AG reinforced the view that the banks were aggressively scrubbing their books clean of soured investments tied to the U.S. housing market.
The change of mood boosted the dollar, which in turned pushed oil back down towards US$100 a barrel The currency held on to its gains in early Asian trade.
"The market has become somewhat confident that banks can overcome this crisis," said Kosuke Hanao, head of currency sales at HSBC. "The dollar's rebound may continue for a month."
The euro was little changed from its level in late New York trade at $1.5600, in sight of Tuesday's one-week low around $1.5560 and well below a record high of $1.5905 hit last month.
The dollar was quoted at 101.80 yen, little changed here, too, after jumping around 2 yen on Tuesday.
Bank shares led stock markets higher, lifting Japan's benchmark Nikkei 3.3% by 0041 GMT and shares in the rest of Asia .MIAPJ0000PUS 1.5%.
Australia's S&P/ASX 200 was up 2.8% and South Korea's benchmark KOSPI 2.2%. Seoul financials such as Kookmin Bank and Woori Finance Holdings surged more than 5% and Australia's Macquarie Group rose more than 8%.
The share price jumps followed big gains in JPMorgan Chase & Co, Bank of America and Citigroup on Tuesday, which helped to drive both the Dow average and the S&P 500 up more than 3%.
U.S. technology stocks also had a strong start to the quarter. Nasdaq leapt more than 3%, helped by Microsoft, which rose 4% after saying it would not raise its takeover offer for Yahoo Inc..
But the buoyant sentiment in stocks drained enthusiasm for bonds. Japanese government bond futures followed U.S. Treasuries lower. June 10-year JGB futures 2JGBv1 dropped 0.30 point to 139.50 at the opening, before recovering to 139.72.
U.S. crude oil CLc1, which had settled down 60 cents on Tuesday at $100.98 a barrel after losing more than $4 on Monday, held steady in early Asian trade.
Gold regained some strength on a technical rebound after falling to a two-month low on Tuesday, when the rise in the dollar and the U.S. stock rally sparked selling in precious metals. Gold rose to $889.30/890.10 an ounce from $884.20/885.40 late in New York.
The rest of us are too busy digesting the latest URA figures and the global stocks rally.
U.S. Factory Orders Probably Fell for Second Month in February
By Bob Willis
April 2 (Bloomberg) -- Orders to U.S. factories probably fell for a second month in February as companies scaled back investment plans on concern the economy is in a recession, according to a survey of economists before a report today.
Bookings dropped 0.8 percent after a 2.5 percent decline in January, the median forecast in the Bloomberg News survey indicated. A separate report may show private payrolls fell in March by the most in more than five years.
Businesses are cutting back as the biggest housing slump in a generation and record energy prices constrain consumer spending. The figures indicate the Federal Reserve's efforts to loosen the credit squeeze by lowering the benchmark interest rate and pumping money into financial markets have yet to boost confidence the economy will strengthen.
``We're seeing an economy that is sluggish, that's being held back significantly by the housing contraction, the credit crunch and high energy costs,'' said David Resler, chief economist at Nomura Securities International Inc. in New York. ``It looks like there are some cuts going on in business investment.''
The Commerce Department's report is due at 10:00 a.m. in Washington. The median forecast was based on a survey of 66 economists. Estimates ranged from a decline of 2.5 percent to a 1 percent gain.
Separately, a private survey from ADP Employer Services due at 8:15 a.m. may show companies cut 45,000 workers from payrolls in March following a 23,000 drop the prior month, according to the survey median.
Job Losses
Businesses are stepping up firings as demand weakens and economists increase bets the economy is in its first recession since 2001. The economy probably lost jobs for a third consecutive month in March, economists forecast an April 4 report from the Labor Department to show.
Martin Feldstein, the Harvard University economics professor who heads the research group that determines when recessions begin, said last month that a downturn has already begun.
A survey by the Institute for Supply Management yesterday indicated factory bookings may keep dropping. The group's orders index last month fell to the lowest level since October 2001. Manufacturing contracted less than forecast as exports improved and employment shrank at a slower pace, the report showed.
Orders for durable goods, which comprise about half of factory orders, fell 1.7 percent in February, led by a record slump in demand for machinery, Commerce said last week.
Investment in new equipment and software will probably decline for the rest of this year after rising at a 1 percent annual pace from January though March, according to a forecast by economists at Lehman Brothers Holdings Inc.
Aircraft Demand
Factory bookings for transportation equipment probably rose in February as demand for commercial aircraft offset declines in auto orders. The dollar value of aircraft orders varies widely month to month because of the high cost of aircraft.
Chicago-based Boeing Co., the world's second-biggest airplane maker, said it received 125 aircraft orders in February, up from 65 in January.
General Motors Corp. and Ford Motor Co., the two biggest U.S.-based automakers, have announced production cutbacks as sales weaken. GM sold 19 percent fewer cars and light trucks last month compared with March 2007 and sales at Ford dropped 14 percent.
A strike at auto-parts supplier American Axle & Manufacturing Holdings Inc. is also contributing to the decline at vehicle makers. The walkout has closed or idled 30 plants at GM, affecting almost half of the automaker's workforce.
Production Drops
Government reports have already showed deterioration in manufacturing. Industrial production fell 0.5 percent in February, the biggest decline in more than two years, the Fed said March 17. Manufacturing, which makes up about four fifths of total output, fell 0.2 percent after no change the prior month.
In addition to gains in exports, lean inventories may prevent a deeper factory slump.
Companies in the fourth quarter reduced stockpiles at an $18.3 billion annual pace, the fastest drawdown since 2001, the Commerce Department reported last week. Overall growth slowed to a 0.6 percent annual rate from 4.9 percent in the previous three months.
Economic growth probably slowed to a 0.1 percent pace in the first three months of 2008, the smallest advance since the 2001 recession, according to the median forecast of economists surveyed last month
Think many folks in this forum do not have a grasp of Singapore property dynamics. You are the only one with some indepth knowledge and fel for the market. Even if property prices go down by 10-15%, the vast majority is still in very very good shape. Small fry/time developers and greedy speculators who over extended in the 2H 2007 maybe burnt but the rest are going to ride through quite comfortably. Use me as an example, I am sitting on 700K profit from my purchases made in Oct 2006, I am renting my apartment at 7-8% yield and just refinanced it.
Now I see. The credit worries are going away.
Dollar Holds Gains as Credit Worries Ease
Satomi Noguchi
Reuters
Tokyo, Japan
Wednesday, 2 April 2008
The dollar steadied against the euro and the Swiss franc on Wednesday, keeping sharp gains made the previous session on hopes that the latest rash of bank writedowns has marked the worst of the credit crisis.
Traders said worries about the fate of financial firms had eased somewhat after Lehman Brothers raised $4 billion to shore up its balance sheet, providing a boost to the dollar.
"The market has become somewhat confident that banks can overcome this crisis," said Kosuke Hanao, head of forex sales at HSBC.
"The dollar's rebound may continue for a month."
The euro was little changed from its level in late New York trade at $1.5600, in sight of Tuesday's one-week low around $1.5560 and well below a record high of $1.5905 hit last month.
The dollar steadied against the Swiss franc at 1.0120 francs after climbing to around 1.0140 francs the previous session, off an all-time low near 0.9600 francs struck in March.
The dollar edged down 0.2% to 101.60 yen. Traders said heavy selling from Japanese exporters capped the dollar's gains after jumping above 102 yen on Tuesday for the first time since early March. The U.S. currency had plunged to a 13-year low of 95.77 yen in March 17.
Investors had been nervous that other financial firms could go the way of Bear Stearns, which nearly collapsed last month amid a liquidity crisis.
But a $19 billion writedown by Swiss bank UBS reinforced the view that the banks were aggressively scrubbing their books clean of soured investments tied to the slumping U.S. housing market. UBS also said it would raise $15 billion in fresh capital through a rights issue of shares.
Still, some warned the U.S. currency may be in for renewed selling unless upcoming data begins to paint a sunnier picture of the U.S. economy.
On Tuesday, data from the U.S. Institute for Supply Management showed a continued contraction in the manufacturing sector while prices jumped to their highest since 2005. ID:nN01224839
If employment data due on Friday shows the U.S. economy shed jobs for a third straight month in March, analysts said the dollar could fall back towards record lows against the euro and the Swiss franc.
"There won't be any question about the dollar starting to fall again after the U.S. jobs data, especially when the market is swinging between extreme pessimism and optimism," said Kengo Suzuki, a currency strategist at Shinko Securities.
For clues about the jobs data, investors will look to a report on private sector employment from Automatic Data Processing (ADP) due later in the day.
The ADP report is expected to show that private sector employment shrank by 48,000 jobs in March.
Also on Wednesday, Federal Reserve Chairman Ben Bernanke is scheduled to testify on the economic outlook, though analysts expect it to offer few surprises.
No wonder the global stocks markets are rallying.
OMG, I will be seeing another bunch of desperate buyers walking in and out of condos this weekend.
What beautiful factory figures! Good!
Market adds to gains after factory data
Caroline Valetkevitch
Reuters
New York, New York, U.S.
Tuesday, 1 April 2008, 10:10AM U.S. EDT
A logo of U.S. investment bank Lehman Brothers is seen outside its Asia headquarters in 1 April 2008 - Photo: Yuriko Nakao, Reuters
Stocks added to gains on Tuesday after stronger-than-expected data on U.S. factory activity eased some concerns about the economy.
The Dow Jones industrial average was up 223.26 points, or 1.82%, at 12,486.15. The Standard & Poor's 500 Index was up 23.52 points, or 1.78%, at 1,346.22. The Nasdaq Composite Index was up 43.10 points, or 1.89%, at 2,322.20.
No wonder there is a global stocks rally.
Maybe they are flying to Manhatten too?
Otherwise, how come Manhatten average psf went up by 20.5% to US$1,289 psf?
Manhattan Apartment Prices Rise
Ilaina Jonas
Reuters
New York, New York, U.S.
Wednesday, 2 April 2008, 12:41am U.S. EDT
Manhattan apartment prices soared in the first quarter, but sales fell and inventory rose under the weight of tighter mortgage terms and Wall Street job fears, according to several reports.
The median sales price rose 13.2% to a record $945,276 over the prior-year quarter, while the average sales price increased 33.5% to a record $1,722,991, according to the Prudential Douglas Elliman Manhattan Market Overview quarterly report released on Wednesday.
"The market is leaning much more to the higher end and part of that comes from what's gone on in the mortgage markets," said Greg Heym, senior vice president of research for Terra Holdings, parent company of real estate firms Brown Harris Stevens and Halstead Property.
"In the mid- to lower-price stuff you see fewer sales in these categories because those are the people affected by tighter standards," Heym said.
The Manhattan housing market has been insulated from the U.S. housing crisis that has sent the national median sales price of an existing home down 8.2% to $195,900. New home prices have fallen even further.
However, soaring mortgage defaults nationwide set off a broader credit crisis that could put more than 25,000 New York jobs in the financial sector - which drives the local real estate market -- at risk.
"When a market is on such solid footing as ours was, it cannot fall apart in a span of a couple of months. It's going to take longer than that. You're going to have to see more layoffs actually happening," Heym said. "Until people are forced to sell their apartment for whatever they can get for them, that's the missing ingredient in a downturn."
So far it hasn't.
The average price per square foot leaped 20.5% to a record US$1,289 psf, according to the Prudential report.
Halstead Property said the average price rose 47% over the first quarter 2007 to $1,690,995, driven by sales of apartment priced over $10 million.
"There were 84 sales in between 15 Central Park West and The Plaza and the effect that that has on all these number is tremendous," Heym said.
Some of the apartment sold during the quarter -- including those at 15 Central Park West and The Plaza -- reflect deals that had been agreed to in previous years.
The median sales price rose 13%, Halstead said. Although sales at ultra luxury projects 15 Central Park West and The Plaza skewed the results, prices still set records or near records even after removing those deals. Without the two projects the average price would have been $1,417,496, Halstead said.
Yet the pace of sales slowed and the number of homes on the market rose for the first time since the housing boom started about four years ago, Herman said.
"That's the story -- sales and inventory this quarter," said Jonathan Miller, author of the Prudential report.
The number of sales fell 1%, according to Halstead. It had about 600 more sales in its statistical pool than Prudential, which said the number fell 34.3% this quarter to 2,282 units. It was the largest drop since Miller began compiling the report in 1989.
"These numbers reflect what happen with the mortgage fiasco," and do not reflect the layoffs that have yet to happen, said Dottie Herman, Prudential CEO.
"People have no sense of urgency, and you're in a much more price sensitive time now," she said. "There's a lot of uncertainty."
The number of homes on the market rose 4.6% to 6,194 from last year, Prudential said. Homes for sale remained on the market for 146 days, two weeks longer than a year earlier, according to the Prudential report.
Wiggle room on prices remained about the same as last year, about a 3.2% discount from the asking price, according to the Prudential report.
"It's not a buyers' market yet, but the pendulum has switched to the buyers now," Corcoran Group Chief Executive Officer Pam Liebman said.
The Corcoran Group said the average price jumped 19% to $1.626 million, while the median rose 9% to $917,000. The price per square foot was up 16% to $1,224. Inventory of homes for sale was up 15% at the end of March.
stock rally even bad news around - additional write-downs in UBS and Deutsche Bank. price down? unlikely!
the bear market is likely reaching a bottom. wondering what happen if good news flooded in next? Get ready to move on!
Really pity agents....
OMG u dam funny, wat is these desperate buyers walking in and out of condos this weekend got to do wit u????
some skinny wicket property boom lashes singapore
Re: End of property boom in sight?
Credit woes going away ma, so all those deperado buyers now panicky that property prices will shoot up like no tomorrow ma. Price up or down is all about sentiment ma, especially silliporeans all don't use their dick head to think, all rely on hearsay.
I think u r the only 1 tat is silly, u think like drama? go away means go away?
wat about inflation? job market? etc?. things dun go away overnight my fren,
let things stable 1st., den property market will move, but before it move, it has to come down 1st, by how much? nobody knows, nobodys get the bottom.so next time use ur head, not ur dick head to think before u talk.
Why use your dick to write? Why must property market come down below its current level?
shallow Moron.
Shanghai Composite China 3,330.227 ....... 1.065 (0.03%)
Hang Seng Hong Kong 24,018.01 ....... 880.55 (3.81%)
BSE 30 India 15,955.00 ....... 328.38 (2.10%)
Any idea why China crashing? Will soon pull down the rest.
You are the silly one who act on hearsay without guaging the situation for yourself.
This Rally Is Temporary
Posted By:Tom Brennan
Cramer loves an arcane reference about as much as Dennis Miller. Even when he mentions a recognizable movie, book or Greek parable, the Mad Money host dives headlong into it. Such was the case during Tuesday’s show, when Cramer turned the most recent battle between the bulls and the bears into a modern-day Gettysburg.
Gen. Grant, the Confederacy, the Wilderness – you name some aspect of the Civil War and it made the segment. (Bull Run made the cut, too, for obvious reasons.) But for you, the loyal reader at home, we’re going to keep this as simple as possible.
A change in the “uptick” rule has freed bears – massive short-selling hedge funds, in this case – to drive stocks into the dirt for a hefty profit. Rumors of Lehman Brothers’ Lehman Brothers Holdings Inc illiquidity had these shorts hovering, smelling blood, but yesterday’s $4 billion offering sent them running. Cramer urged others in the cohort – Wachovia Wachovia Corp to follow Lehman’s lead. It's only a matter of time, he said, before the shorts focus on a new victim.
And herein lies Cramer’s point: Until the Securities and Exchange Commission reinstates the uptick rule, these bear raids will continue to happen, making 391-point days in the Dow short-lived.
So enjoy the rally while you can, people. If the SEC doesn’t step up soon, Cramer said, Appomattox won't be happening any time soon.
Since when did Shanghai pulled down the rest?
The rest continue to surge irregardless of Shanghai movement.
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