Posted by Jeflin on June 30, 2008
I expected bearish sentiments in the stock market for this week because there is simply no good news on the horizon to spark a revival.
When I say revival, I mean sustained gains in grounds of over 100 points, not 20-30 points as this usually implies a zigzag pattern for further slides.
Read the full article here.
Posted in Banking, Economy, Inflation, Oil, Stocks | Tagged: Chicago PMI, Citigroup, Dow Jones, JP Morgan, Lehman Brothers, Oil, oil speculators, S&P 500, stock market, Stocks | 4 Comments »
Posted by Jeflin on June 29, 2008
It is the dream of most Singaporeans to own a car but multiple ERP gantries, increasing ERP rates in CBD and exorbitant gas prices have made us shun our beloved cars or at least drive lesser. And you know what, petrol may cost as much as car instalments. Hardest hit are the budget car owners, the impact of fuel and ERP on the deep pockets of those buying luxury cars is less severe.
Taking taxis are also becoming an expensive habit with fuel surcharges in the pipeline after recent hikes in taxi fares.
Read the full article here.
Posted in Oil, Stocks, environment | Tagged: China, energy crisis, Oil, OPEC, public transport, Saudi Arabia, SBS, SMRT, stock market, Stocks | 3 Comments »
Posted by Jeflin on June 27, 2008
The ST Index closed today at 2955.91, down by 25.04 points. Gainers/losers stand at 173/409 while 1.077 billion shares were traded.
No surprise for the red ink given that Dow Jones tumbled 358 points to close at 11,453.42 (its lowest finish since Sept. 11, 2006) due to record high oil prices and fresh troubles brewing in the financial, high-tech and automotive industries. S&P 500 slided 38.82 (about 3%) to 1,283.15 and Nasdaq composite fell 3.3% to 2,321.37.
Read the full article here.
Posted in Banking, Currency, Economy, Inflation, Oil, Stock Indices, Stocks | Tagged: Banking, Citigroup, Currency, Dollar, Dow Jones, Economy, Goldman Sachs, Oil, ST Index, stock market, Stocks | 1 Comment »
Posted by Jeflin on June 24, 2008
Previously, I wrote about adverse climate changes leaving trails of destruction around the world. Like depressing news on financial markets, subprime and credit crisis, there seems to be no end in sight for storms and floods either.
The latest casualty is Philippines. Fengshen (or “God of Wind” in Chinese) is the sixth typhoon to reach Philippines this year.
Read the full article here.
Posted in Economy, Oil, environment | Tagged: China, coal, Economy, energy use, environment, Fengshen, floods, natural disasters, Olympics Games, Philippines, typhoon | Leave a Comment »
Posted by Jeflin on June 23, 2008
Since Wall Street shed 220 points to end at 11842.69 last Friday (a three-month low sparked by fears about credit market and inflation), I expected the sell-offs to spillover to Asian stock markets.
Indeed, regional bourses (Nikkei, Hang Seng, Shanghai, etc) were not spared from the destruction. The ST Index fell 22.66 points to close at 2979.15 on a sagging volume of 1.056 billion. Gainers/Losers stand at 177/337.
Read the full article here.
Posted in Economy, Oil, Stocks | Tagged: Dow Jones, Federal Reserve, gainers, Hang Seng, investors, losers, Nasdaq, Nikkei, S&P 500, Shanghai, ST Index, stock market, Stocks, Wall Street | 2 Comments »
Posted by Jeflin on June 20, 2008
Although I write an investment blog, I feel a need to discuss the incessant rape of Mother Earth today. As
investors, we are affected by global events, especially natural disasters which can cause tumultuous upheavals to the stock market.
Since 2007, we have seen a slew of record breaking climate events. There was no let-off in the year 2008 as shocking images of one natural disaster after another captured our imagination.
Read the full article at Jeflin’s Investment Blog
Posted in Economy, Inflation, Oil, Stocks, environment | Tagged: America, China, climate change, Economy, energy crisis, environment, fuel consumption, fuel subsidies, global warming, Mother Earth, Oil, stock market | 2 Comments »
Posted by Jeflin on June 19, 2008
Since opening this Monday, the bulls have taken flight at Dow Jones and the index is descending steadily towards March lows of 11850.
As I mentioned before, if investors can or are willing to hold the fort here, we can look forward to a sustained upswing for the next week or so, barring unforeseen disasters.
Read the full article at http://jeflin.net
Posted in Currency, Economy, Inflation, Oil, Stock Indices, Stocks | Tagged: bulls, China, commodity, Dollar, Dow Jones, General Motors, Hong Kong, Oil, rate cuts, Shanghai, ST Index, Stocks, support level, Wall Street | 2 Comments »
Posted by Jeflin on June 18, 2008
As an investor, I always believe we are a rare breed. We are often guilty of being over-confident in our own abilities. Especially when we have some financial education, knowledge or training, we become even more complacent.
The old adage “the pride goeth before the fall” has withstood the test of time.
Read the full article at http://jeflin.net
Posted in Stocks | Tagged: amateur, illusion of validity, investors, judgmental errors, short-term traders, stock market, Stocks | Leave a Comment »
Posted by Jeflin on June 16, 2008
Last Friday, the ST Index dropped marginally below the 2980 support level. That is despite a mini-rally at Dow Jones Thursday. It is of great concern to me as the next support is at 2920 and the STI trading at that range implies poor confidence in the economy and weak overall sentiment in stocks.
One major reason for the gloom is because of a drastic drop of 496 points in the Baltic Dry Index – a shipping and trade index that monitors changes in transportation costs of raw materials such as metals, grains and fossil fuels by sea.
Read the full article here at http://jeflin.net
Posted in Economy, Oil, Stock Indices, Stocks | Tagged: Baltic Dry Index, Dow Jones, economists, MAS, Nasdaq, Oil, S&P 500, Saudi Arabia, ST Index, stock market, Stocks, unemployment | 3 Comments »
Posted by Jeflin on June 13, 2008
In the recent survey of 2,300 Singaporeans conducted by the Ministry of Community Development, Youth and Sports, it was found that 60 per cent among those earning under $1,000 gambled, up from 50 per cent in 2005.
Three-quarters of respondents started gambling as early as 24 or younger and most view gambling as a leisure activity.
Read the full article at http://jeflin.net
Posted in Economy, Entertainment, Stocks, gambling | Tagged: 4D, Adam Smith, addiction, casinos, Entertainment, gambling, investments, Singapore Pools, Toto | 6 Comments »
