Thursday, January 30, 2014
Dead-Cat-Bounce Dies As Nikkei Drops Over 400 Points From US Highs
Hoosier's note: It is my opinion that the Fed is manufacturing another 1997 Asian Financial (or Emerging Markets) Crisis.
Labels:
DJIA,
Fed,
Japan,
Market Talk,
Nikkei,
Random Thoughts,
ZeroHedge
"Fed Has Fingers & Thumbs On The Scales Of Finance," Grant Tells Santelli And It "Will End Badly"
...People want Treasuries when they want nothing else.
...Who knows the what value is when the Fed fixes the Determining Interest Rate ZERO.
Hoosier's note: When Interest Rates IS Zero, the value of an asset is INFINITY!!!
I have tried to explain this in the past, let me try to do it one more time.
100 / 1 = 100
100 / 0.1 = 1,000
100 / 0.01 = 10,000
100 / 0.001 = 100,000
100 / 0.0001 = 1,000,000
100 / 0.00001 = 10,000,000
100 / 0.000001 = 100,000,000
100 / 0.0000001 = 1,000,000,000
.
.
.
100 / 0 = ∞
Wednesday, January 29, 2014
Tuesday, January 28, 2014
Wilmar #25
Wilmar Daily chart updated till January 28, 2014.
Today, January 28, 2014, Wilmar fell further to close at S$3.11 with a volume of about 9 million shares.
Clearly, the Consolidation Zone that I had identified earlier (at around S$3.20) could not prevent Wilmar from falling further.
The last line of defense is S$3.02, the "most recent low" done on August 22, 2013.
I strongly believe that 4Q2013 results will be great and that should create an excitement for Wilmar and push its share price higher.
I must admit that I cannot understand why Wilmar had fallen so much except to say that the 50-day moving average (in blue) has cut below the 100-day moving average (in grey) and that 200-day moving average (in red) is now at the top...a bearish technical picture.
I can't emphasize enough the importance of Good Money Management. I am now underwater but, as I did not borrow money to buy shares, I will just hold on to it and collect dividends.
Today, January 28, 2014, Wilmar fell further to close at S$3.11 with a volume of about 9 million shares.
Clearly, the Consolidation Zone that I had identified earlier (at around S$3.20) could not prevent Wilmar from falling further.
The last line of defense is S$3.02, the "most recent low" done on August 22, 2013.
I strongly believe that 4Q2013 results will be great and that should create an excitement for Wilmar and push its share price higher.
I must admit that I cannot understand why Wilmar had fallen so much except to say that the 50-day moving average (in blue) has cut below the 100-day moving average (in grey) and that 200-day moving average (in red) is now at the top...a bearish technical picture.
I can't emphasize enough the importance of Good Money Management. I am now underwater but, as I did not borrow money to buy shares, I will just hold on to it and collect dividends.
Monday, January 27, 2014
China Trust "Bailout" To "Unidentified Buyer" Distorts Market As "Risks Are Snowballing"
...As one analyst noted, the PBOC is running scared...
“It indicates the government still won’t tolerate any ultimate default and retail investors will continue to be compensated in similar cases.”
Sunday, January 26, 2014
Anton Casey Saga: When Punishment is Worse than Crime
Saturday, January 25, 2014
Citi's recent analyses are quite good
I posted the following at the TPG Forum today,
Here are the links to the reports,
Citi: "Time for yields to correct lower"
Citi Fears The Sustainability of The US Equity Market Rally
Here are the links to the reports,
Citi: "Time for yields to correct lower"
Citi Fears The Sustainability of The US Equity Market Rally
Shame on SKM to ask: Where has all our empathy gone?
Thursday, January 23, 2014
Wednesday, January 22, 2014
Monday, January 20, 2014
Next cut in Fed bond buys looms - Reduction to $65 billion could be announced on Jan. 29
...A reduction in the program to $65 billion a month from the current $75 billion could be announced at the end of the Jan. 28-29 meeting, which would be the last meeting for outgoing Chairman Ben Bernanke.
Sunday, January 19, 2014
Bank of America Is Actively Preparing For The Chinese January 31 Trust Default
Hoosier's note: You don't have to go through all the details described in the article. Just note that the risk of a default by CEQ1 (China Credit Trust's Credit Equals Gold #1) is very real.
And, I believe January 31, 2014, is the Chinese New Year...a lot of people are going to have a very sad holiday.
I think this could be another 'Lehman Momoent'!
Saturday, January 18, 2014
Jos double confirms that govt doesn’t plan for S’poreans
Josephine Teo attacks WP’s response to PTC fare review
Related story: Jos, I can tell you why my family and I are angry.
Hoosier's note: I really really really don't like her.
What a Stupid F@rk!
Friday, January 17, 2014
What Recovery? Sears And J.C. Penney Are DYING
Hoosier's note: I like to shop at Sears...it has a good Return Policy.
The Willis Tower used to be called the Sears Tower which was once the 3rd tallest building in the world. I visited the Sears Tower, and went up the the Observation Deck, when a few friends and I drove from Bloomington, Indiana, to Chicago, Illinois...to eat Youtiao, Wonton Noodles, and Pork Congee...not at the Sears Tower but at the China Town nearby, of course. :D
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