Hiatus
March 2nd 2008 04:58
The writer is currently on a hiatus. Will be back as soon as possible.
Sorry for the inconvenience.
Sorry for the inconvenience.
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It is as good as dice throwing
February 1st 2008 14:59
Enters the second month of 2008, the markets rose. ASX S&P 200 benchmark index closed the first day of February 3.41% higher. Sounds good but.....
"Our market is over-reacting one day and then over-correcting the next ... it's uncertainty, investors really don't know which way it (the market) is going.''
ABN Amro Morgans private client adviser Simon Ferguson, quoted by The Age.
"Our market is over-reacting one day and then over-correcting the next ... it's uncertainty, investors really don't know which way it (the market) is going.''
ABN Amro Morgans private client adviser Simon Ferguson, quoted by The Age.
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Posted By: Benjamin - Category: Of Shares and Markets
Double Down: UBS and a Nervous Market
January 30th 2008 10:19
Folks, following the latest updates below what do you think will happen to the Australian sharemarket tomorrow?
From Bloomberg:
1: UBS Reports Record Loss After $14 Billion Writedown (Update3)
UBS AG, Europe's largest bank by assets, reported a record loss after about $14 billion of writedowns on assets infected by subprime mortgages in the U.S.
2: Stocks Fall in Europe, Asia, Led by BNP, RBS; U.S. Futures Drop
`Markets Nervous'
``Markets are very nervous,'' said David Buik, market analyst at BGC Partners in London. ``People are poised for today's Fed decision. They are not convinced we will get a 50 basis point cut. If we don't, the outcome could otherwise be temporarily disastrous.''
Europe's Dow Jones Stoxx 600 Index lost 0.8 percent. France's CAC 40 dropped 1.7 percent, and the U.K.'s FTSE 100 retreated 0.9 percent. Germany's DAX slumped 0.7 percent.
The MSCI Asia Pacific Index lost 1 percent. South Korea's Kospi Index fell 3 percent, the region's biggest decline. Japan's Nikkei 225 Stock Average dropped 1 percent to 13,345.03. Hong Kong's Hang Seng Index slumped 2.3 percent.
Some will feel their legs weak while there are some who see opportunities. Nevertheless the odds of a south are definitely not slim, unless the US market produce a miracle overnight but what are the odds of it?
From Bloomberg:
1: UBS Reports Record Loss After $14 Billion Writedown (Update3)
UBS AG, Europe's largest bank by assets, reported a record loss after about $14 billion of writedowns on assets infected by subprime mortgages in the U.S.
2: Stocks Fall in Europe, Asia, Led by BNP, RBS; U.S. Futures Drop
`Markets Nervous'
``Markets are very nervous,'' said David Buik, market analyst at BGC Partners in London. ``People are poised for today's Fed decision. They are not convinced we will get a 50 basis point cut. If we don't, the outcome could otherwise be temporarily disastrous.''
Europe's Dow Jones Stoxx 600 Index lost 0.8 percent. France's CAC 40 dropped 1.7 percent, and the U.K.'s FTSE 100 retreated 0.9 percent. Germany's DAX slumped 0.7 percent.
The MSCI Asia Pacific Index lost 1 percent. South Korea's Kospi Index fell 3 percent, the region's biggest decline. Japan's Nikkei 225 Stock Average dropped 1 percent to 13,345.03. Hong Kong's Hang Seng Index slumped 2.3 percent.
Some will feel their legs weak while there are some who see opportunities. Nevertheless the odds of a south are definitely not slim, unless the US market produce a miracle overnight but what are the odds of it?
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Posted By: Benjamin - Category: Of Shares and Markets
Cash is King
January 26th 2008 02:23
As long as the interest rate is higher than the inflation rate or simply, a positive real rate, shifting your investments into income assets such as term deposits would be a wise move, if the markets and the US economy dive further south, which is likely to be the case.
It was not surprising to see the market rebound on Thursday and Friday as many played the mind game of guessing that others will see a 'buying opportunity' after big fall over the weeks, as a chance to buy cheap stocks, shoot it up and unload them fast. The herd got it pretty well together this time.
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It was not surprising to see the market rebound on Thursday and Friday as many played the mind game of guessing that others will see a 'buying opportunity' after big fall over the weeks, as a chance to buy cheap stocks, shoot it up and unload them fast. The herd got it pretty well together this time.
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Posted By: Benjamin - Category: Of Shares and Markets
Recession, inflation and China
January 9th 2008 08:30
Still riding on the back of a 'looming' US recession, the local market fell marginally today. The ASX S&P 200 benchmark index shed 0.7% at closing. Now the question is how many times have we heard of a recession coming up in the US? Since mid last year and this time, experts believe, will be the real thing. Again another question, how many times have we heard a US recession is about to begin? Same answer.
The Treasurer believes that Australia could weather the recession but business confidence of the near future is not too bright. And it got dimmer today when Commonwealth Bank today joined NAB and ANZ in raising their interest rates.
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The Treasurer believes that Australia could weather the recession but business confidence of the near future is not too bright. And it got dimmer today when Commonwealth Bank today joined NAB and ANZ in raising their interest rates.
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Posted By: Benjamin - Category: Of Shares and Markets
Go Steady, said Mr. Rat
January 8th 2008 09:26
If 2007 was a year associated with extremes than 2008 will be a year of moderation and taking it easy as believed by some.
The prediction game using Chinese astrology is going on strong before Chinese New Year on February 7th sets in, and it seems that the coming Year of Rat is giving hints to investors to go slow and steady. As reported by The Standard, Hong Kong-based group director and member of the Investment Committee of Financial Partners International, Peter Kande was told, 'So for those born in rat years, I am told, long-term investments could show favorable returns, since the earth components of the year prefers conservatism and practicability.'
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The prediction game using Chinese astrology is going on strong before Chinese New Year on February 7th sets in, and it seems that the coming Year of Rat is giving hints to investors to go slow and steady. As reported by The Standard, Hong Kong-based group director and member of the Investment Committee of Financial Partners International, Peter Kande was told, 'So for those born in rat years, I am told, long-term investments could show favorable returns, since the earth components of the year prefers conservatism and practicability.'
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Posted By: Benjamin - Category: Of Shares and Markets
Value is in the eyes of the shareholder
January 7th 2008 11:09
Sharemarkets worldwide today plunged on the fear of a possible recession in the US based on negative employment data.
The Australian ASX S&P 200 benchmark index fell by 2% welcoming the year of 2008 as normalcy returns. Is this the long awaited 'real' correction? Time will tell.
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The Australian ASX S&P 200 benchmark index fell by 2% welcoming the year of 2008 as normalcy returns. Is this the long awaited 'real' correction? Time will tell.
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Posted By: Benjamin - Category: Of Shares and Markets
2008: The Feng Shui View
December 27th 2007 11:50
It is a fact when we know we can determine an outcome using scientific method and one that can be rigorously tested. The point is that it is not some random event.
In terms of share markets the scientific method is usually referred as 'quantitative/technical' and/or 'fundamental' analysis. But then again, there is always the factor of 'error' to act as provision that an outcome may not turn out what we expect. Think 'random walk'. This is after all, a market that cannot be experimented in a laboratory. It is 'live'.
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In terms of share markets the scientific method is usually referred as 'quantitative/technical' and/or 'fundamental' analysis. But then again, there is always the factor of 'error' to act as provision that an outcome may not turn out what we expect. Think 'random walk'. This is after all, a market that cannot be experimented in a laboratory. It is 'live'.
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Posted By: Benjamin - Category: Of Shares and Markets
Now comes the real work
November 25th 2007 05:48
We shall remember 24th November of 2007 as a day Australia began a new chapter in history. Finally John Howard is gone and enters Kevin Rudd. The campaign did not start six weeks ago but slightly less than a year ago when Kevin Rudd took over Labor's leadership.
The nation has decided for a change, a fresh leadership and fresh ideas. But the real work starts now. Mr. Rudd, the Prime Minister-elect, will now be under intense scrutiny for his performance as much as the hopes of the people are pinned on him to deliver.
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The nation has decided for a change, a fresh leadership and fresh ideas. But the real work starts now. Mr. Rudd, the Prime Minister-elect, will now be under intense scrutiny for his performance as much as the hopes of the people are pinned on him to deliver.
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Posted By: Benjamin - Category: Of Shares and Markets
Apologies for the hiatus
November 7th 2007 01:45
It has been more than a month since the site was last updated and I hereby offer my sincere apologies to all readers for the lack of scribbles througout the period.
The past 38 days have been very hectic for me, bombarded with heavy workloads, but it did not divert my attention from the markets. In fact, I am waiting on the sidelines eyeing on any cracks that could lead to more cracks, if you get what I mean.
[ Click here to read more ]
The past 38 days have been very hectic for me, bombarded with heavy workloads, but it did not divert my attention from the markets. In fact, I am waiting on the sidelines eyeing on any cracks that could lead to more cracks, if you get what I mean.
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