A rally is a rally.

Eagle
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12 years 3 months ago #8159 by Eagle

Replied by Eagle on topic Re:Re:A rally is a rally -- UOB Kay Hian's new happy song

for any sustainable recovery, US housing market crisis and Europe debt crisis needs to be resolved.

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greenrookie
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12 years 2 months ago #8455 by greenrookie

Replied by greenrookie on topic Re:A rally is a rally.

Things that can propel market higher: improving job data, more positive news from US, no more bad news from Europe. I am a contrianian, when the market hits 2500, it felt that the worst for 2011 is over, now that the market has crosses 3000 twice but retreated, I felt the worst is yet to come. Party spoilers: Iran wild card not asborbed by market at all, no one cares about the raising oil prices, it's still far from 147 dollars anyway. But Israel and US sabre rattling has not begun. Bad news from Europe? Possibly from Spain and portugal. Waiting game of ratification of treaty by parliament has started and the painful waiting game is upon us again, looks like a replay of 2011. Stay invested, but dun use up too much of ammno. Personally, I would stay out the next few months, earning reporting season is over, the good things that can happens has mostly happens, failing euro yields, better than expected US results. There has been no meaningful correction since dec till now. As far as i remember, even during the bull run in 2010, market seldoms move in a straight line. From my readings, the window for israel to act is closing, that is within this year.. Foods for your thoughts.. I would invest when a meaningful correction happens, if that doesn't happens, I am still about 60% vested.

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peter lee
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12 years 2 months ago - 12 years 2 months ago #8456 by peter lee

Replied by peter lee on topic Re:A rally is a rally.

Cheong Wee and other contributors,
thank you for the valuable comments.

Last edit: 12 years 2 months ago by peter lee. Reason: make it better

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csltay8033
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12 years 2 months ago #8458 by csltay8033

Replied by csltay8033 on topic Re:A rally is a rally.

“The key February unemployment report from the U.S. Labor Department won’t arrive until Friday(9 March 2012). But “whisper numbers” that suggest a poor report is in the pipeline, soft figures from weekly jobless claims or discouraging data from ADP’s report on private-sector hiring could trigger a pullback in equities...”Extract from an interesting article from Asian Edition-The Wall Street Journal.
+++
www.marketwatch.com/story/us-stocks-face...-tensions-2012-03-03

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csltay8033
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12 years 2 months ago #8459 by csltay8033

Replied by csltay8033 on topic Re:A rally is a rally.

Extract from DBS Group Research' report on 5 Mar 2012...
+++
“We maintain our view for STI 3220 by end 2Q but not before a
consolidation that can pull the index down to as low as 2880 in
the weeks ahead before the upward climb resumes. We think
the consolidation has started at 3030 on 21st Feb and the
immediate resistance is around 3000. Along the way lower
towards 2880, we note an interim support at about 2930.”
+++
“The latest revision further drives home our point that an upward
earnings revision has to occur, especially during the next
reporting period, before STI is able to climb to the next technical
objective of 3220. It also gives credence to our view that STI’s
rate of climb in the past 2 months is unsustainable and a shortterm
consolidation is due.”

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cheongwee.
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Visitor

12 years 2 months ago #8460 by cheongwee.

Replied by cheongwee. on topic Re:A rally is a rally.

Personnally, i think rally will last till summer. But whatever the outcome, do have a cut loss for all vestment as a portaection or do take profit as you go as you are satisfy or your tg px hiy, do not wait, be happy with them, the mkt is always there, but not your price, it may be gone in a day of crash.
I would like to share this.
seekingalpha.com/article/409401-coming-w...ail_macro_view&ifp=0

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