ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S.

Markets hesitate




2nd April: The Eurostoxx 50 failed a key support last week. But France, Germany and UK are holding onto good supports. Let's give Europe another week or two.

In the US, the S&P500 is still struggling under resistance. A close at 1,380 would suggest a period of weakness. A close at 1,430 would be encouraging.

Asian markets are looking fatigued. Hongkong is spluttering around support at 20,000. Korea has failed a key support. Thailand has hit strong resistance.


http://www.asiachart.com/hkchina.html
(Hong Kong close to 20,500...)


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

Banks claim they’ve repaid the Tarp bailout funds … but nearly half of the banks “repaid” such bailout funds by borrowing from other government bailout funds
http://maxkeiser.com/2012/03/25/banks-cl...out-funds/


The German Central Bank will no longer accept the sovereign debt of Ireland, Greece or Portugal as collateral.
The True French Debt To GDP: 146%
http://www.zerohedge.com/news/true-french-debt-gdp-146


The calm before the EU storm
http://www.marketwatch.com/story/the-cal...e_carousel


Mixed Picture for China's Manufacturers
http://video.cnbc.com/gallery/?video=3000081410

europe giving problems again.. think it's safer to keep cash at the moment..... :O

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

Initially I was hoping that STI would break 3200 and hit as high as 3800 but looking at how things go now....we would be lucky if it reaches 3250.....3800 not possible for time not on our side......

so now we are at 3000 and if it hits 3250.....not much meat.....Look at the volume of STI you can sense a lethargy....US Nasdaq is breaking record with lower volume. I came across an cynical comment that said Nasdaq would hit 5000 soon with 0 volume....I am telling my friends to reduce.....never mind if it goes higher....you can never know exactly where is top/bottom....just take profit...

David Rosenberg: The Record Quarter
http://advisoranalyst.com/glablog/2012/0...d-quarter/

In the alleged suicide note, found by police and reported by the Athens News, he said: "The government has annihilated all traces for my survival, which was based on a very dignified pension that I alone paid for 35 years with no help from the state.

"And since my advanced age does not allow me a way of dynamically reacting... I see no other solution than this dignified end to my life, so I don't find myself fishing through garbage cans for my sustenance."

http://www.bbc.co.uk/news/world-europe-17620421

Gary Shilling: 2012 Recession Still Coming
http://www.moneynews.com/StreetTalk/Shil...ode=E95B-1

Today's Ebay Special - The Country Of Greece
http://www.zerohedge.com/news/todays-eba...try-greece


This Is the End, Bull Friend
http://www.minyanville.com/business-news...2/id/40234


As Hope Fades in Greece, an Elderly Pensioner Is Driven to Suicide
http://www.time.com/time/world/article/0...67,00.html

Spain’s Death Spiral and the Hypocrisy of the Euro
http://business.time.com/2012/04/05/spai...e-mostpop1


The ECB has completely lost control over the monetary policy for Greece
http://soberlook.com/2012/04/when-it-com...b-has.html


China’s Gravity-defying Economy: How Hard Will It Fall?
http://business.time.com/2012/04/06/chin...e-mostpop1

On Spain death spiral, just curious isn't that what Thailand, S. Korea and Indonesia took the medicine from IMF during the Asian crisis. Didn't they return to health ?