Market News
Market is really bad, super bad. The psychology behind it is simply amazing. The recent announcement by Obama to cut banks risk taking caused investors to lose confidence. However, the re-election of ben bernake and the fomc meeting served to allay fears. At Dow Jones, Bellwethers like tech stocks reported earnings but yet stocks prices fell. This was apparently due to failure to meet the whisper no. ( a benchmark of expectations by analysts rather than the fundamentals).
Meanwhile, the STI index continues to fall and is thought to emulate the elliot wave theory. If it does, the estimated time it will get bullish again should be around May. Since it has reachhed the peak of the waves and looks ready to decline. OMG MAY!!! That's so long! Anyway it is kind of ambiguous anyway!!! Never enter the market now, wait for confirmation again such as a pullback to support line if you wanna play safe.
Tiger share fell like crazy on the third day of listing, which is kind of expected as people dumped their shares. The recent Tiger airline near miss accident also caused this. Alas the ryobi kiso IPO subscription period is over; not that i can get it anyway since it is on placement. But it's gonna be listed soon since it is now "PL" status on SGX. For those who wants a share of profits can catch it on the 1st day.
Hahahaha! something funny happened in eye on tuesday. People were discussing the use of Feng Shui to pick stocks for 2010.
Back to mugging. =) Bloody biz law.
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