Posted by Jeflin on August 8, 2008
On the eve of our National Day and the opening ceremony of the Olympic Games, there is actually little to celebrate as an investor. The ST Index dropped 27.17 points to close at 2807.54, volume was weak at 1.041 billion while gainers/losers stand at 197/327.
COSCO Corp’s shares plunged 12.2% following the shock “retirement” of president Ji Hai Sheng. Read the full article here.
Posted in Banking, Business, Economy, Hedge Funds, Oil, Stock Indices, Stocks | Tagged: Dow Jones, financial sector, investors, mortgage, Nasdaq, National Day, Oil, Singapore, ST Index, stock market, Stocks, unemployment, Wall Street | Leave a Comment »
Posted by Jeflin on July 23, 2008
Wall Street continue to finish higher on Wednesday. Dow Jones ended up 0.3%, Nasdaq composite gained 
almost 1%, and the S&P 500 was 0.4% higher.
Falling oil prices and the likely approval of a House bill which will stabilize the collapsing residential properties sector cheered the market.
Read the full article at http://jeflin.net
Posted in Stock Indices, Stocks | Tagged: Amazon, bear, bear rally, blue-chips, Dow Jones, Fannie Mae, Freddie Mac, Nasdaq, Northwest Airlines, Oil, ST Index, Stock Volume, Stocks, Washington Mutual, Yahoo | 1 Comment »
Posted by Jeflin on July 12, 2008
It was a punitive end to a roller-coaster week. Dow Jones breached 11000 (a first time low in nearly two years) but pulled back to end at 11,100.54, losing 128 points. Standard & Poor’s 500 index lost 1.1% while Nasdaq composite shed 0.8% to remain above March lows.
Read the full article at http://jeflin.net
Posted in Banking, Stock Indices, Stocks | Tagged: Citigroup, Dow Jones, Fannie Mae, Federal Reserve, Freddie Mac, General Electric, insolvency, Lehman Brothers, Nasdaq, Standard & Poor | 1 Comment »
Posted by Jeflin on July 7, 2008
The ST Index closed Monday at 2934.12 after a slight rebound of 41.58 points. Regional markets performed strongly as well. But don’t get all excited just yet. A recovery depends very much on what surprises Wall Street have in store for us.
Read the full article at http://jeflin.net
Posted in Banking, Currency, Economy, Inflation, Oil, Stock Indices, Stocks | Tagged: Banking, Dow Jones, Economy, Inflation, Lehman, Nasdaq, Oil, S&P 500, ST Index, stock market, Stocks, Wall Street | 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 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 1, 2008
The SGX experienced mild turbulence last Monday as oil hit an all-time high of $135 a barrel but gained momentum to end on a high, following a Wall Street rally on Thursday. Nonetheless, Friday Dow Jones was a mixed bag of results – buying and selling forces tugged the index lower by 7.90 points.
Nasdaq rose for the fourth session in a row with Dell’s better than expected earnings and Apple’s ipod summer extravaganza.
Read the full article at http://jeflin.net
Posted in Economy, Oil, Stocks | Tagged: Dell, Dow Jones, hurricanes, Nasdaq, oil prices, SGX, stock market, Stocks, tech stocks, Wall Street | 1 Comment »
