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These few days, Stock market playing a good performance though, however, exchange rate to me is going the other way. I need Singapore Dollar to be stronger, compare to Malaysia Ringgit as well as US dollar. The exchange rate from Singapore Dollar to US dollar went down a little bit these days, From 1.43 something, till today's 1.447. About two months ago, analysts predicted that US dollar to SGD will be reaching low as 1.38, at least at the end of 2007. I, really hope this will be coming true, hence, I will be paying lower enrollment fee and exam fee EFFECTIVELY :P, abit selfish har!
And for the SGD to Malaysia ringgit, two days ago it was nearly hit at 2.35, unfortunately, perhaps the stronger US dollar in these two days have brought Malaysia ringgit to climb up to the range of 2.33 and 2.32. Again, I need this figure to be go higher and higher, especially when chinese new year is coming. Then I will be paying lesser money to parents EFFECTIVELY, :P selfish again har!
Well, fortunately, these two days stock market is pretty stable and doing good. My "OCBC" stock slowly and gradually going up. Although it is still in losing manner, I believe OCBC can perform much better, and I am looking forward to it's dividend as well as the share price at 2008. :) keep going!! OCBC: $8.50, +$0.05
Another good chip, -- ComfortDelgro, finally it back to a normal and stable price range. Thanks god. However, SMRT, make me feel disappointed, SMRT is earning, better growth, but share price is performing in another way round, slowly decreasing. Anyway SMRT is a good stock where to HOLD in long run for dividends. Think long term lor. ComfortDelgro: $1.91, +$0.01 ; SMRT: $1.61, -$0.02
Today Asian market perform nicely, keep it up then everyone will be happy, and then earn extra money to spend in SITEX, and boost the singapore economy, hahaha.
We see another fact that US market indeed affect Asian market alot. Just as there is a hope that US Fed will have another rate cut. the 3rd times in this year, US market rose 300+ points, and hence Asian markets mostly get excited and follow to rise! Well, it's good, of course, but I hope this is not a short effect, because..... I need $$$, well, Everyone need it!!!
1. NEW YORK (AP) -- Wall Street barreled higher Wednesday for the second day in a row, giving the Dow Jones industrial average its biggest two-day point gain in five years after a Federal Reserve official hinted that the central bank may lower interest rates again.
Investors' renewed hopes for a rate cut added to their relief that companies that made losing bets on subprime mortgages, such as Citigroup Inc. and Freddie Mac, are coming up with ways to raise cash. The market was clearly optimistic that at least some of the damage from the months-long credit crisis was finally being mitigated. However, Wall Street has been fickle in recent months, with the Dow often rising and falling by triple digits, and no one is betting that the mortgage crisis that tripped up the nation's financial industry this year is over or that the market's huge gains so far this week will stick. Despite its spectacular advance, the Dow remains more than 6 percent below its Oct. 9 record close over 14,000, having plunged due to worries that the housing market's slump will lead to further losses for banks, and that the Fed can't keep slashing rates.
2. The economy grew at a slower pace in the late fall as shoppers watched their pennies heading into the busy holiday season. The Federal Reserve's new snapshot, released Wednesday, suggested the strains from a severe housing slump and a painful credit crunch are affecting the behavior of individuals and businesses alike -- making them somewhat more cautious.
Yet, the hope that the Federal Reserve will cut a key interest rate for a third time this year to energize the economy sent stocks soaring on Wall Street. The Dow Jones industrials jumped for the second day in a row, gaining 331.01 points to close at 13,289.45. It marked the index's biggest two-day point gain in five years.
"Reports on retail spending were downbeat in general," the Fed survey said. "Most retailers said that they were expecting a slow holiday season, with only small gains in sales volumes compared with last year," the Fed added.
-- This is a very good news, especially to Asian market, STI will definitely follow the spike on the indexes as well as for the stock prices for the blue chips. STI rose 80 points when the market just open on 29 of Nov.
Even though the US market rose quite significantly due to citigroup's issue, however, that did not effect the Singapore market. The market trend still so much unstable, traders are still advised to becareful while investing.
STI: -2.92 HSI: +161.03
On another side, there is a good news, that Singapore to Malaysia Currency exchange rate keep going up, so, Singapore Dollar, SGD, or whatever you specify, Keep it up and up!! :D
Yesterday US Dow Jones Industrial Average slides 237.44, today most of the asian market also dipped. STI: -45.94 HSI: -416.41 I am getting concern when will be the worst point for STI......
By Joseph Altman, AP Business Writer Abu Dhabi's Sovereign Fund Agrees to Invest $7.5 Billion for a 4.9 Percent Stake in Citigroup NEW YORK (AP) -- The Abu Dhabi Investment Authority will invest $7.5 billion in Citigroup, offering the nation's largest bank needed capital to offset big losses from mortgages and other investments. The cash from the sovereign investment fund of the Gulf Arab state, which has benefited from this year's surge in oil prices, will be convertible into no more than 4.9 percent of Citigroup Inc.'s equity. Citigroup characterized the investment as passive and said the fund will not be able to name any board members to the bank. -- From Yahoo Finance. -- I think more or less this will be affecting the US Stock Prices later.... let's see... --- yoo!! it's really affect the market, DJIA rose 215; updated at 28-Nov-07 8:37AM Singapore time
STI rose 2.8% on 27-Nov, Good news to the Stock Market?
There were so many analyst reports showing that the Stock market is in the bear run situation, but so strange that yesterday Asia stock market get triggered and rose alot? I personally still believe this is not a good news to us as a small stock trader. There is a word can describe this, perhaps, -- "回光返照".
Singapore market always affected by US market seriously when US index dropping; especially DJIA. Since US is suffering from sub-prime and others financial issue, do we think the market will be recovered that easily? hmmm.....
There are even some pessimistic analyst, analyzed that, there is a possibility for STI fall back to 2600 range, I....hope this will NOT be TRUE!!
Well, it could be a little bit oudated, but working life is always BUSY, and since I was realized that I did not step into cinema for a long time; therefore I picked this funny animation to spend over my weekend :D It is funny, and cute, but is not up to my expectations anyway, maybe it was because the near ending was a little bit too exaggerate, to me of course. BY THE WAY, it is just a MOVIE, an ANIMATION larrrr....
By Chris Ciovacco September 19, 2007 This month we have a special article by Chris Ciovacco the Chief Investment Officer for Ciovacco Capital Management, LLC. with the recent rate cuts by the FED I felt this extremely timely and would like to thank Chris for providing us with this information. -- Tim McMahon,editor "Developments in financial markets since the Committee’s last regular meeting have increased the uncertainty surrounding the economic outlook. The Committee will continue to assess the effects of these and other developments on economic prospects and will act as needed to foster price stability and sustainable economic growth.." Federal Open Market Committee, 09/18/2007 With the Federal Reserve (Fed) lowering its target discount rate (interest rate) by 0.50% on September 18, 2007, it is prudent to examine how stocks behaved in the year following similar historical rate cuts. I chose to focus on the Fed rate cuts in 1986, 1995, 1998, and 2001 since the current Target Federal Funds Rate (Fed Funds Rate) of 5.25% (prior to the cut) and the current published inflation rate of 1.97% are similar to the rates found in those years. Another factor in choosing to examine the years above is the market’s expectation of how low the Fed could possibly go during a lowering cycle is heavily dependent on where rates start from. For example, prior to the first rate cut in June of 1981, the Federal Funds Rate was 20.00% and published inflation rate was 8.94% (full-year 1981). June of 1981 is vastly different from September of 2007. As a result, I see limited value in examining how stocks behaved after the 1981 cut or other periods which were significantly different from today.
-- For more details and information, please refer to: http://www.fintrend.com/ftf/Stock_Market/FED_rate_cuts.asp
HONG KONG, Nov 23 (Reuters) - Asian stocks may find asteadier footing on Friday after six straight sessions oflosses, with holidays in the United States and Japan likely tokeep markets more subdued. Wall Street was closed on Thursday for the Thanksgivingholiday and will have a half-day session on Friday. All eyesare on Black Friday, the start of the major U.S. holidayshopping season, to gauge the health of consumers in Asia's topexport destination. Japanese financial markets are shut on Friday for LabourThanksgiving Day.
-- My opinion, Stock market in a Bear Run situation already. I should not enter into the market until 2008, hopefully what I am holding will back to the stable prices.
Differentiations between Stock Market Crash and Bear Market: From Wikipedia, the free encyclopedia
A stock market crash is a sudden dramatic decline of stock prices across a significant cross-section of a stock market. Crashes are driven by panic as much as by underlying economic factors. They often follow speculative stock market bubbles.
Stock market crashes are social phenomena where external economic events combine with crowd behaviour and psychology in a positive feedback loop where selling by some market participants drives more market participants to sell. Generally speaking, crashes usually occur under the following conditions: a prolonged period of rising stock prices and excessive economic optimism, a market where P/E ratios exceed long-term averages, and extensive use of margin debt and leverage by market participants.
There is no numerically-specific definition of a crash but the term commonly applies to steep double-digit percentage losses in a stock market index over a period of several days. Crashes are often distinguished from bear markets by panic selling and abrupt, dramatic price declines. Bear markets are periods of declining stock market prices that are measured in months or years. While crashes are often associated with bear markets, they do not necessarily go hand in hand. The crash of 1987 for example did not lead to a bear market. Likewise, the Japanese Nikkei bear market of the 1990s occurred over several years without any notable crashes.
Title : Medal of Honour Heroes 2 Producer : Electronic Arts Game Type : First Person Shooting Language : English Date of Released : 2007, Nov 13 Price (est) : USD39.99 Website : http://www.ea.com/psp/medalofhonor_heroes
It's has been 3.5 years working as an Engineer. Work experienced gain, so far so good. However, I do not know whether I would work as an engineer throughout my life, meanwhile I decided to give it a try, to take up the CFA program.
There are PROs and CONs for everything, yet so far, as a candidate, I can only see the CONs;-
1. Everything is expensive for CFA; i.e. Course (therefore I decided to self-study), Materials (no choice which I have to spend, :< ), Enrollment and Exam fees (aiihh...) 2. Have to STUDYYYYYYY...... AGAIN, POOR THING!!! 3. ETC. so hopefully, everything can go smooth and nicely. Btw, I will give some descriptions for thr program as below: quoted from http://www.cfainstitute.org/cfaprog/index.html
What is the CFA Program? It's a self-study, graduate-level program for investment professionals. The three-year program requires you to study for and pass three levels of exams. If you pass the exams and meet other requirements, you earn a CFA charter.
Requirements
Become a candidate
1. Fulfill the entrance requirements. You must:
Have a U.S. bachelor’s (or equivalent) degree, be in the final year of your bachelor's degree program, or have four years of qualified, professional work experience or a combination of work and college experience that totals at least four years Meet the professional conduct admission criteria (during the application process, you will be asked to sign statements of Professional Conduct and Candidate Responsibility) Be prepared to take the exams in English 2. Sign up for your first exam. Registering for the first exam also enrolls you as a candidate in the CFA Program. Requires one-time program enrollment fee in addition to exam registration fee.
Maintain your candidate status
You must maintain a commitment to the CFA Institute Code of Ethics and Standards of Professional Conduct — a commitment that cannot be taken lightly and demands that, above all else, you put the interests of your clients first. There is nothing that CFA Institute does that is more important than promoting and enforcing the use of the Code and Standards among members and candidates.
Become a charterholder
1. Pass each of the Level I, II, and III exams. Requires a minimum of 250 hours of study with substantially more depending on individual circumstances.
2. Meet the work experience requirements.
3. Become a regular member of CFA Institute.
4. Receive your official status. We will notify you when you have completed all requirements and can begin using the CFA designation; you will have the option to receive the charter by mail or during an award ceremony provided by your society.
5. Maintain your status. Follow the charterholder guidelines.
Standard Chartered Business Platinum Card I received a call from Standard Chartered bank at the knock off time. The person in call trying to sell me this credit card which I think it is a good deal and hence I would like to share with you all. As Long as you apply before Jan of 2008, you will receive the promotion with $50 bonus cash after 45 days after the approval. If interested, you may browse thru http://www.standardchartered.com.sg/cb/credit_card/card_main.html
