When 9 out of ten are pessimistic.

Sometimes, the near term is pretty positive if you believe that investor behaviour can be repeated. AmFraser has the following report:


Traders can also look forward to the traditional year-end rally which took
place even at end-2007/2008 at the height of the sub-prime/Lehman fiasco.
At end-2007, the STI reversed up 200 points from its4q low while at end-
2008, there was a 288-point jump.
Even if STI touches 2500 this quarter, we can expect it to climb back to
2750-2800 at the least (2814 being 62% mark between 3831/1171) by end-
2011. Thus buying on weakness towards 2600 sounds like a reasonable
proposition. Ignoring 2008 close at 1762, STI may well test the 2900 level
at year-end as this figure was the closing for 2009 . Further resistances
are at 2919-23 and 2948 where major yearly/quarterly support and key
Fibonacci points lie prior to Lehman collapse.

Is the sun gonna come out today from behind the dark clouds? Hope so.....

European stocks are green now....  the fourth time in five days.

Let's hope those politicians vote properly  in Germany on expanding the euro region’s rescue fund. 

I know i am going to get hammer for saying this.
But i do wish the mkt crash big time. so we can have another March 09 all over again for us to profit big., such as it make up for those who are holding current losses.
Let those weak institution go under, and start freash. So we can have a longer bull .
Dont u guy think so? Instead of want to dies cannot dies, want to lives also got problem.
Let Euro dies so that we may lives, either they dies or we dies or both dies together?
Better they dies because they are the one who started this.

For tomorrow, Oct 10, I think stocks will be up -- the panic has subsided. The European policymakers appear to be stepping up the momentum to tackle the crisis. Good luck !

dear cheongwee, you are going to get yr wish.

 The market is gonna rally big-time today after the Dow surged 330.06 points to 11,433.18.
To me, it looks like Europe has taken a very good step. People worry about a Greek default, but nah! The euro leades have shown they can build a firewall aroound their banks that hold its debt. As long as the bank system can survive..... markets can sing and dance... Hopefully, hor

cheongwee, the market ain't gonna crash big time. It is singing and dancing. Just hope the music doesn't stop soon. I think at such depressed levels, the Singapore stocks will do well to receover lost lost ground. Look at the way Yanlord is recovering!