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 Stock Market V13, Stock Market Chat, Traders and Investors Chit Chat

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howszat
post Jun 14 2008, 10:43 PM

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QUOTE(AdamG1981 @ Jun 14 2008, 10:32 PM)
PLEASE get your facts right. IT's not about mindsets that matters the most for a Fed banker. ITs the credibility. IF you notice, one week its about saving the financial sector, and the next week is fighting inflation? So which is it? The credibility of the US Federal Reserve is severely questionable.
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It's both. They are both important. But saving one will affect the other negatively, so it's a juggling and balancing act. Not just a simple matter of one or the other.
howszat
post Jun 14 2008, 11:00 PM

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QUOTE(AdamG1981 @ Jun 14 2008, 10:46 PM)
That's why the ECB is only targeting inflation. There isn't one time ECB Trichet said he's going to cut interest rate to spur growth. It has always been targeting inflation. This is what the FED has to do; if the FED flip flops on its policy, it will cause more pain than the housing market.
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ECB is only targeting inflation because they don't have a sub-prime to deal with. But the Fed doesn't have that luxury. A single minded inflation-fighting stance will be even worse on the housing market, the stock market and everything else.


Added on June 14, 2008, 11:19 pm
QUOTE(aretla @ Jun 14 2008, 10:33 PM)
OMG... another round of Gamuda sell down on monday....stay tune~
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Here's hoping KNM will go up. rclxms.gif

This post has been edited by howszat: Jun 14 2008, 11:19 PM
howszat
post Jun 17 2008, 02:58 PM

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Those with FD in NZD may want to read this:

http://www.nzherald.co.nz/topic/story.cfm?...jectid=10514692
howszat
post Jun 18 2008, 03:04 PM

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Volume also low, 1/2 billion RM so far, compared to 3 billion last time.
howszat
post Jun 18 2008, 03:37 PM

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QUOTE(dreams_achiever @ Jun 18 2008, 03:05 PM)
i think most probably it will happen. sooner or later.
Be prepared on next Monday when parliment will resumed, KLCI will plunged and trigger circuit breaker for second time in this year.. blink.gif

Be ready to shoot bullets.
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Looking at the charts, and assuming the same bottom support level as last time, maybe there would not be another circuit breaker because there's not much to drop before it hits that support level?

Any TA comments?
howszat
post Jun 18 2008, 04:30 PM

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AIRASIA is steady, not dropping. Maybe it has hit the real bottom. smile.gif

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