Spore Technical Recession!!!!!!

[Ticklish8]

"God" ??? Huh don't understand...

[Cheekg98]

i still remember a few months back they said china will help to cushion credit crunch effects ... now i am not too hopeful about it.

 

also, Singapore may escape recession in 4Q cos' of low base in 2007 ...

[Hishercar]

not to be picky but in my case

 

not flyinh knives but

 

falling knives & large parangs

[Ticklish8]

Stock market crash 1929.... any similarity?

 

http://www.youtube.com/watch?v=z18H0eFKQCY

Edited October 11, 2008 by Ticklish8

[Freestylers09]

great depression...also cause by credit thingy iirc wah..if repeat of history...jiak lak liao

[Ticklish8]

Another interesting blog......

 

http://www.sgdividends.blogspot.com/

 

Banking Crisis

 

February 2, 2007: Metropolitan Savings Bank Taken over by: FDIC

September 28, 2007 :Netbank Taken over by: FDIC

October 4, 2007 : Miami Valley Bank Taken over by: FDIC

January 25, 2008: Taken over by: FDIC

February 22, 2008 : Northern Rock Acquired by:British Goverment

March 7, 2008: Hume Bank Taken over by:FDIC

April 01, 2008: Bear Stearns Acquired by: JPMorgan Chase

May 9, 2008: ANB Financial Taken over by: FDIC

May 30, 2008: First Integrity Bank Taken over by:FDIC

July 1, 2008: Countrywide Financial Acquired by: Bank of America

July 11, 2008: IndyMac Bank Taken over by: FDIC

July 14, 2008: Alliance & Leicester Acquired by:Banco Santander SA

July 25, 2008: First National Bank of Nevada Taken over by: FDIC

August 1, 2008: First Priority Bank Taken over by : FDIC

August 22, 2008: The Columbian Bank and Trust Company Taken over by: FDIC

August 26, 2008: Roskilde Bank Acquired by: Danish Central Bank

August 29, 2008: Integrity Bank Taken over by: FDIC

September 5, 2008: Silver State Bank Taken over by: FDIC

September 8, 2008 Derbyshire Building Acquired by: Nationwide Building Society

September 8, 2008 Cheshire Building Society Acquired by: Nationwide Building Society

September 14, 2008 Merril Lynch Acquired by: Bank of America

September 16, 2008 American International Group Acquired by: United States Gov

September 17, 2008 Lehman Bros Acquired by: Barclays Plc

September 18, 2008 HBOs Acquired by: Lloyds TSB

September 19, 2008 AmeriBank Taken over by: FDIC

September 26, 2008 Washington Mutual Acquired by: JPMorgan Chase

September 28, 2008 Bradford & Bingley Acquired by: Banco Santander and British Gov

September 28, 2008 Fortis Acquired by: Netherlands Gov and BNP Paribas

September 29, 2008 Wachovia Acquired by: Citigroup or Wells Fargo

September 30, 2008 Dexia Acquired by: Belgian, French and Luxembourg Gov

October 7, 2008 Landsbanki Acquired by: Iceland Gov

October 8, 2008 Glitnir Acquired by: Iceland Gov

October 9, 2008 Kaupthing Bank Acquired by: Iceland Gov

Who's NEXT?

[Ticklish8]

Another interesting youtube video....

 

[Hishercar]

i watch the two video clips and they sent chills down my spine

 

i do know all about these but never believe that the world would allow it to happen as the cost of which

 

would bring about chaos not just the financial world

 

in the end I dont really believe them whole-heartedly because

 

Warren Buffet is not stupid to bet $5 billion on GE

 

but is still worrying that our money can all become zero

 

our physical assets because worthless

[Ticklish8]

I remember last year during the last bull market.... a lot of my collegue was telling me how silly for me not to invest in the stock market......I even doubt my strategy then - ie I was saving for the last 3 years to enter the market, but have serious doubt about entering it then.....

 

Lost a lot of money during the Asian Financial crisis and the dot com era...

 

Lucky didnt make the plunge. As I see it, the condition now is ripe for investment... but before that I am going for my financial education first....don't want to make the same mistake.

 

Like to share this letter by Chua Soon Hock, who founded Asia Genesis Asset Management Pte Ltd., boutique fund manager managing money for accredited investors in 1999.

He send this letter to ST an it was publish on the 6 July 2007.

 

INVESTING IN STOCKS AND PROPERTY

HAVING made a living as a fund manager and trader for the past 25 years, I have

seen the general investing public hurt numerous times when they invest

aggressively near the peak of a bubble, whether in stocks or property.

Retail investors should adopt a very long-term horizon to benefit from the

stock and property markets.

The starting point of major stock investment or purchasing a property for

investment is important. Always try to start major investments during a

recession, a global market crisis, a banking crisis or when nobody is

interested in stocks, like during the Sars period.

 

The art of investing can be broken down into three quantitative variables of

time, price and size. Investors should pick a

Edited October 11, 2008 by Ticklish8

[Windwaver]

Yeap but even then, you'll also need to know which are the right ones to invest right now. Not buy everything that is cheap (everything is cheap now anyway )

[Ticklish8]

totally agree.......

[Ticklish8]

But u read Chua letter he make 1 interesting observation.....

 

Markets (individual share and property) will go up and down over a long period

of time, although the general stock index hides this truth as new, strong

shares always replace old, declining shares over the years, giving you a

misguided view that the index always heads much higher over time.

 

Basically stock market is a zero sum game...... (my understanding)

[Albeniz]

great depression...also cause by credit thingy iirc Shakehead wah..if repeat of history...jiak lak liao

 

I think the effect we are facing today is going to be much worst than 1930.

 

In 1930, the technology is very backward. Stock and shares are transacted very inconveniently using manual methods. Telephone is the only way to communicate for such transactions and not every household has a telephone in 1929. News are carried by hardcopy newspapers. Not everyone has first-hand information.

 

Today, transactions are done through internet almost instantaneously. The volume is so much higher and everybody is closely inter-connected. There is no way to cover up unfavorable news at all. People tend to sell when they are panicky.

 

I have a feeling that it is going to be worst.

 

Technology is a double-edged sword.

[Freestylers09]

You do not need to be a genius to make money in the markets. You need common

sense, discipline and a clear long-term workable plan, without which the

markets are like a hot fire and will burn fingers.

 

kinda agree with this man...even genius do make mistake also

[Freestylers09]

ya man....now even so much package help,like also cant stable the market...

 

wonder how long will it last infact people think otherwise,given the economy structure now compare to 30s,its different and tinking wont happen..imo,i think its gona happen again, seeing bloodshed everynight...really scary..

[Albeniz]

I was watching the news yesterday.

 

Many UK citizens are keeping their money at home, they no longer trust the banks.

Sales of safe have increased.

[Freestylers09]

true la...but imo its just the risk u take to differential between the 2...

 

portfolio also are use to diverse risk and minimise risk ma...(going for more constant profit)

 

those concentrate 1 or 2,either gain alot or lose much more (gamble on higher return)

 

now i think every counter also drop more than 30% at least also

 

for me is maximum 3..i dun do much diverse,end of the day..no point..my view is still on punting thoughts la.. play so much teams,end up win or lose few bucks

[Freestylers09]

which industry heavily affected?

 

bank to manufacturing eventually shipping/freight..what else??last recession i still schooling