USA Stock Discussion v7, Greece Debt Crisis!
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 Aug 22 2015, 11:50 AM
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All Stars
10,123 posts Joined: Aug 2007 
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QUOTE(AVFAN @ Aug 22 2015, 10:11 AM) shanghai has give up about 1/3 from its high but still >50% from a yr ago. Allright allright..let's bring Shanghai down to 2500.. that's my number. Just another -1000 pts away. think it can lose another 10-15% easy. a couple more mama bears, then it'll be alright.    But, I don't want fast jump.. just a slow slide down - will be ok. |
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Aug 22 2015, 12:01 PM
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All Stars
17,100 posts Joined: Mar 2005 
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fast jump can affect everything. no good for overall macro environment. jobs n income will b affected. I dont welcome that
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Aug 22 2015, 12:20 PM
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All Stars
23,851 posts Joined: Dec 2006
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After all US economy is not as strong as many think ......
Not much different from the China one......one sinks 4%..next one sinks 3% ......or can be even worse with huge debts trillions hanging around.... This post has been edited by SKY 1809: Aug 22 2015, 02:08 PM |
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Aug 24 2015, 10:21 AM
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All Stars
10,123 posts Joined: Aug 2007
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US still doing ok... otherwise they will not be thinking of raising rate.
I just went there last month too.. businesses are doing very well. Housing recovers, more internal demands for goods and services, cheap gas (because of oil) - makes transportation cost lower. I think because of this, everyone one pulling money out from emerging market and going back to US. Oh China... something is not cooking well. Shanghai comp just lost the 3500 mark. Where's the govt support?  |
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Aug 24 2015, 10:28 AM
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE(danmooncake @ Aug 24 2015, 10:21 AM) US still doing ok... otherwise they will not be thinking of raising rate. a lot of money is retreating from abroad to us treasuries.I just went there last month too.. businesses are doing very well. Housing recovers, more internal demands for goods and services, cheap gas (because of oil) - makes transportation cost lower. I think because of this, everyone one pulling money out from emerging market and going back to US. Oh China... something is not cooking well. Shanghai comp just lost the 3500 mark. Where's the govt support? yield now 2.0%, amidst potential rate hike. china... almost there, need a couple or papa-mama bears...  |
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Aug 24 2015, 12:10 PM
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All Stars
17,100 posts Joined: Mar 2005
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QUOTE(danmooncake @ Aug 24 2015, 10:21 AM) US still doing ok... otherwise they will not be thinking of raising rate. just read that the chinese are allowed to utilise their pensions n gamble on stocks. will it help as the market is battered? billion dollar (yuen) question there.I just went there last month too.. businesses are doing very well. Housing recovers, more internal demands for goods and services, cheap gas (because of oil) - makes transportation cost lower. I think because of this, everyone one pulling money out from emerging market and going back to US. Oh China... something is not cooking well. Shanghai comp just lost the 3500 mark. Where's the govt support? |
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Aug 24 2015, 12:27 PM
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All Stars
10,123 posts Joined: Aug 2007
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QUOTE(mikehwy @ Aug 24 2015, 12:10 PM) just read that the chinese are allowed to utilise their pensions n gamble on stocks. will it help as the market is battered? billion dollar (yuen) question there. Don't know about that one but imo Chinese retail investors should stay out of the market. Their market structure is not real and does not tied to the fundamentals of the economy at all.The recent move by their govt to direct their Securities Finance Corporation to buy stocks for the sake of supporting the market only drive the institutional investors away. With no real private and corporate investors, all they're doing is the govt becomes buyer of last resort. Their investors (many trapped above 3500) just want their money back and they will continue to sell for every pop. |
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Aug 24 2015, 12:58 PM
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All Stars
24,454 posts Joined: Nov 2010
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QUOTE(mikehwy @ Aug 24 2015, 12:10 PM) just read that the chinese are allowed to utilise their pensions n gamble on stocks. will it help as the market is battered? billion dollar (yuen) question there. our epf also partly usable for "aggressive growth" unit trusts.i did that many years ago, stuck for a few years, finally cashed out never to touch it again. |
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Aug 24 2015, 01:08 PM
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All Stars
17,100 posts Joined: Mar 2005
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I remember, it. must b 4 years ago when the chineese index was very stale at 2000-2200 before the itchy hands of the gomen got in. by april that yearr it started flying. I recall that I was trying to get my chinese contact to buy me few shares immediately. phew, within 6 months things flew at supermaan speed. just buy n it will fly within days!
now this phenomena is mocked by the western analysts calling the chinese bluff they even distrust the internal growth data n commennted that it shd only be 3-4% n not the reported 8-9% ! haha, chinese v can! u go shopping in the street n high chances of being cheated. I prefer the poor vietnam places This post has been edited by mikehwy: Aug 24 2015, 01:10 PM |
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Aug 24 2015, 01:09 PM
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All Stars
17,100 posts Joined: Mar 2005
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QUOTE(AVFAN @ Aug 24 2015, 12:58 PM) our epf also partly usable for "aggressive growth" unit trusts. wa kakaa, my insurance agent still asking me to utilise my epf to invest in these 'safe' heaven ??? !!! @#=:-) !!!i did that many years ago, stuck for a few years, finally cashed out never to touch it again. |
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Aug 24 2015, 04:25 PM
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All Stars
24,454 posts Joined: Nov 2010
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Aug 24 2015, 04:34 PM
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All Stars
12,698 posts Joined: Jun 2010 From: kuala lumpur
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QUOTE(AVFAN @ Aug 24 2015, 04:25 PM) quite unrealistic market sentiment, my point of view. same words, judge your own.  |
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Aug 24 2015, 05:31 PM
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All Stars
24,454 posts Joined: Nov 2010
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at this time, all markets, everywhere.... animal spirits prevail.
wti crude 38.74. |
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Aug 24 2015, 08:08 PM
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Senior Member
11,554 posts Joined: Aug 2009
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Early in the morning already dropped 550pts.
Expecting more mega sale on Asia markets. |
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Aug 24 2015, 08:10 PM
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All Stars
17,100 posts Joined: Mar 2005
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diws -600! cant remember when did I ever see it.
strange opening prices tonight. |
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Aug 24 2015, 08:28 PM
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All Stars
12,698 posts Joined: Jun 2010 From: kuala lumpur
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granda bear has arrived as dan said.
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Aug 24 2015, 08:53 PM
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All Stars
10,123 posts Joined: Aug 2007
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I'll be watching for capitulation and reversal opportunity tonight.
If China tanks.. US market probably lead the recovery once again. It's attractive here for AAPL.. just 5 more pts to 95 for 52 week low once again. Also for longer term, all 3 indexes now got more than 10% correction.  |
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Aug 24 2015, 09:14 PM
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All Stars
17,100 posts Joined: Mar 2005
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looks like huge insult to TA n FA guys who accumulate equits tooday. !!!
hope Dan is right to see aa reversal opportunity, but better no delay... This post has been edited by mikehwy: Aug 24 2015, 09:17 PM |
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Aug 24 2015, 09:16 PM
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Senior Member
855 posts Joined: Jan 2010
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QUOTE(Brother J @ Aug 14 2015, 09:49 PM) It's been a while since my last post. Looking at the previous numerous posts I saw similarities in them with CNBC's talking heads. Comment like:" I think crude is going to be $42-$50 until end of the year is laughable". I have said many times that USD to RM should hit 4:0 by July/August. If anyone wants to become a millionaire from billionaire, you should really follow those "recommendation" from this forum This is getting serious to the fact that by end of the year it wont be surprised to see 4.90/5.0. Anyway, to think crude will bounce from here is a dream. Won't see significant bounce until lower $30. (That's when we will see 4.90/5.0) Oh btw, expect to see AAPL hitting lower $90 by end of year too if they rolling out another piece of iphoneX (whatever series). iWatch is a joke, it makes the one who wear it looks like a nerd. (Unless you are in your teens just to make yourself look like a cool kid) If you think energy stock is going to bounce hard from here, you are out of your mind, but it's your money anyway. Trade safe.  .Anyway AAPL plummets to level faster than I extrapolated 10 days ago. Capitulation? You have no idea what is that and stop talking like you do. |
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Aug 24 2015, 09:24 PM
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Senior Member
855 posts Joined: Jan 2010
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and btw all major indices limit down are 5% premarket which is happening right now and when market open, the number will be 7% which will be hit too.
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