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(30-09-2011, 10:33 PM)swakoo Wrote: [ -> ]
(27-09-2011, 10:36 AM)yeokiwi Wrote: [ -> ]Actually, instead of austerity measures, the PIIGS nations should provide the richer nation free use of land and tax in return for loan.

The Americans are planning to do something like this - White House Weighs Sale of Island to Reduce Deficit

[Image: 30selloff-inline-articleInline-v2.jpg]
Among the properties the government is proposing to sell is Plum Island, N.Y., former home to the federal Animal Disease Center.

Surely, the Greeks have a few islands to spare? Am sure the Chinese should be interested in buying, given property prices in China...

slowly pride overcome by hunger...?

Greece hopes to raise money by renting out Acropolis, Delphi
Cultural officials hope move will help sinking economy

By Larry Mcshane / NEW YORK DAILY NEWS
Published: Wednesday, January 18 2012, 12:42 PM
Updated: Wednesday, January 18 2012, 12:42 PM

[Image: image.jpg]

Lights, camera, Acropolis!

Officials in cash-strapped Greece approved a cheaper pricing plan meant to lure film crews and photographers to its historic attractions — including the home of the Parthenon.

The Greek culture ministry slashed the cost of a one-day film shoot at the Acropolis by more than half, from more than $5,000 a day to about $2,050.

The rate for photographers was cut by roughly one-third, from $385 a day to $256. The reduced rates come with a plan to speed up approval of the permits.

The site would also be made available for demonstrators to rent, along with other commercial ventures, officials said.

The first spot open under the new plan is the 2,500-year-old Acropolis overlooking Athens. Other spots covered by the plan include Delphi, home of the oracle, and the Temple of Poseidon at Sounion.

Using state-produced photos of the world-renowned attractions will also come at a deep discount, with the price dropping from about $130 to around $40.

The ministry intends to use the anticipated flow of new cash for upkeep of the sites, adding that it would impose strict conditions on anyone taking advantage of the cheaper rates.

The foundering Greek economy was bailed out by the European Union in May 2010, and the culture ministry’s budget was slashed by 20% since then.

In the past, most requests for film shoots at the Acropolis were routinely rejected — although director Francis Ford Coppola and “My Big Fat Greek Wedding” star Nia Vardalos received permission.

Greek archeologists have long griped that using the historic ruins was blasphemous.

lmcshane@nydailynews.com
Start of a new year(Chinese). What would it bring? My guess is that by the end of the year, we might be back to square one compared to start of the year or somewhere close to that.

During the first part we could see a strong rally follow by a sharp fall in the latter part. Yes, we might now be in a rally or start of a rally. Need to see volume to confirm....but the global markets' technical chart looks nice and PE ratio of many markets are attractive.....If I remember HK's PE was around 10.....

Hence a rally seems probable....attractive PE and technical charts.

What could derail the rally? 4 possible events. One is the Euro crisis. Next is possible conflict in Middle East. If US strikes or forced to strike Iran, I doubt it would stop after hitting their nuclear facilities. Iran's influence in Middle East is getting stronger esp after US pullout from Iraq. US used to use Iraq to balance Iran but after the invasion of Iraq, Iraq is severely weakened. So if they gonna hit Iran this time, my bet is US would try to go a bit further(hit Iran harder) so as to rebalance the powers in Middle East. Third event I could think of is a major calamity.......maybe a big earthquake in US or China. That would stall China's economic expansion. The last one is a ..... to be filled in......

So my guess is that we might be in a start of a rally from now till one(or more) of these events strike and things will go nasty from then on. A year of VOLATILILTY.

For me, I plan to be zero vested in stock market by the end of the year....maybe sooner....but

Man proposes God disposes

http://www.youtube.com/watch?v=DKQIooHMGHQ
Global trend inches toward bullishness

23rd January: Last week saw a few interesting things"

US: S&P breaks resistance and now has a chance at 1,360.
Emerging markets etf, EEM, broke out of a tiny bottom. Many Asian markets are turning bullish: Hongkong, Philippines, Korea and maybe Thailand and Singapore.
Europe: EFA, the Europe, Japan and Australia etf is starting to make a bottom.

All of these factors suggest that the global trend is turning more bullish.

http://www.asiachart.com/

http://www.asiachart.com/malaysiasing.html

http://www.asiachart.com/hkchina.html
IMF's Christine Lagarde warns of '1930s moment'
http://www.bbc.co.uk/news/business-16689211


IMF Head Christine Lagarde: Exclusive Interview
http://www.thedailybeast.com/newsweek/20...rview.html


China's housing market is set for a hard landing
http://finance.fortune.cnn.com/2012/01/2...d=SF_F_MPM


Returns of the dragon (Hee Hee this year good, next 3 years bad....)
http://www.economist.com/blogs/graphicde..._economist

Happy CNY to all fellow forumers!

I would like your views has the market found its bottom? I look at alot of company prices, no doubt they have fallen, they have not really crashed significantly in my point of view. The top (Jan 2011) to bottom (Oct 2011) STI for this round of crash is only about 22% in 13 months and the lowest level of stock market crash was during the SARS period of 34.8% in 12 mths. Most of the crashes that we seen would be in the range of 50-60% from the top.
with current money-printing and central banks, I doubt the Great Depression will ever happen again.

when deflation, just print, print & print, what deflation are we talking about?

the last resort for euro crisis, still print, print & print and let the whole world take the consequences.
What I'm seeing,

- STI +9.27% so far this year, seems like a lot of pent-up demand, waiting for the moment when they think the worst is over and rushing in to buy as they're afraid that they'll miss the boat! Let's see if Greece will start the market tumbling yet again this year. Tongue

- Some defensive stocks like TELCOs are getting cheaper by the day and with higher volume than usual. Seems like defensive stocks (unless they are laggards) are not in fashion anymore! My saliva starts drooling when I see the yield creeping up again with the falling price. Big Grin

- During the course of my usual "switching" (sell then buy, some says trading) exercise, I see most Buyer CP from local brokerage and Seller CP from foreign brokerage. Me thinks foreign funds are likely shifting their funds out of Singapore and the retailers/local traders/funds are leading the buying frenzy.

What I'm Doing,

- Switching ie. sell those stocks that'd gone up and switch to defensive stocks that'd gone down. Never mind if it drops more as the yield is within my target range such that I don't mind holding long term for the dividend.
there is no such thing called defensive stocks.....only that when stock market crash, they just fall less(maybe) compared to the other stocks......brokers want to make money so even when market falls they still want you to trade....so switch to defensive stocks they would recommend.
I am not a chartist but looking at barton's chart...STI would face resistance between 2900-2950 and when it breaks, the next resistance would be around 3150 and if it breaks again, it might go as high as 3800......but if it goes near there....it guess it is IT..........got to leave the party....

http://www.asiachart.com/malaysiasing.html


(23-01-2012, 09:26 PM)Behappyalways Wrote: [ -> ]Global trend inches toward bullishness

23rd January: Last week saw a few interesting things"

US: S&P breaks resistance and now has a chance at 1,360.
Emerging markets etf, EEM, broke out of a tiny bottom. Many Asian markets are turning bullish: Hongkong, Philippines, Korea and maybe Thailand and Singapore.
Europe: EFA, the Europe, Japan and Australia etf is starting to make a bottom.

All of these factors suggest that the global trend is turning more bullish.

http://www.asiachart.com/

http://www.asiachart.com/malaysiasing.html

http://www.asiachart.com/hkchina.html

I am afraid of the crash. Therefore bought Starhub. Dividends about 7%.Rolleyes
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