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I think it goes without saying that the Indian Stock Market stunned everyone to death today. 17% up in one day is amazing compared to STI’s gains over the last few weeks. I wonder whether a total market halt was triggered cos when it did a more than 10% fall Jan [...]
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I find this utterly disgusting.
In my last Analyst Report, I have mentioned that most of the markets were supported at that time of posting. The next day, it broke the support by a few points. At that time, I felt pretty lousy, thinking that it must be really bad for the market to [...]
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Both STI and HangSeng are nicely supported. I had half a mind in seeing them break their support because of all the bad news. Seeing DOW so green at this time of posting and nearly all markets so oversold in such a short period of time, I presume that both of this indices [...]
Here’s 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 economy.
Walmart to cut jobs
Nike may cut workforce
Nike to slash up to 1400 jobs
California could lay off 10,000 state workers
Citrogen to axe 11,000 jobs after 343m Euro loss
GM [...]
STI gapped up a whooping 5% again since a couple of weeks ago after the CNY holidays. DOW is on a slow increase too. The recovery is due to oversold levels. But I’m watching for it to continue the downtrend.
Markets are horribly volatile. Excellent for traders, terrible for investors. Sometimes, i just wish i would [...]
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