Analyst Reports 15 – The Downtrend Begins?
When was the last time I blogged? hmmm…
I must say that employment in a recession tends to suck a person a lot more. It’s an employers’ market now, in contrast to 2 years back when employees can afford to be choosy with their jobs.
Well, i noted a few more things after the CNY period. It’s funny that in a single day on the 30th of Jan, there are no less than 5 news announcement of job losses or cuts. It brings me to mind a posting i have made on a prediction after the CNY period.
- NYC cuts 23,000 jobs
- Singapore Jobless rate up 2.6% in Q4
- Boeing cuts 10,000
- Labour movement to keep loses below 29,000 in 2009
- Starbucks to axe 6,700
Now i am just anticipating for the market to fall to about the 1,400 – 1,500 level to increase my RSP and put in a lump sum for some stocks that make their lowest low. Anytime now i think is a great time to buy but i am just trying to practice a little market timing. ;p
STI does seem as though it is going to fall as below. China market is steadily making higher highs, probably on the road to recovery as the news revealed yesterday. Even Buffett is buying up now, except he is buying up America instead of China. (Obama’s influence?) Well, to each his own.
As usual, analyst reports have been uploaded regularly for your reading pleasure at the top of the blog. 
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Other Posts
- Analyst Reports 16: More and More Job Losses!
- Analyst Reports 13 – Support Broken?
- Analyst Reports 17: Supported?
- Analyst Reports 14 – STI Soared!
- Analyst Reports 11 – Indeed a Flying Start
- Analyst Reports 24 – Near and Probably Broke Support
- Analyst Reports 8 – STI Breakout
[...] a sample of the news of job losses I have been tracking since 11th Feb in continuation of my previous blogpost analysis of the global and Singapore [...]
[...] see today’s support might be taken out soon and go as low as the 1,400 region as mentioned in a post sometime back. Then, i mentioned that SSE would most likely trade higher and indeed, the higher highs are still [...]