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If you look at the Dow Jones yesterday, it seems like the sky has fallen.Oil rises $10.75 to $138.54, jobless rates spike to 5.5% as compared to April’s 5% (biggest one-month surge in over 20 years), consumer debt jumps to $8.9 billion, AIG gets investigated by SEC while other blue-chips fell like nine-pins. If these ...
Since Wall Street shed 220 points to end at 11842.69 last Friday (a three-month low sparked by fears about credit market and inflation), I expected a spillover effect of sell-offs to spread to Asia.Indeed, regional bourses (Nikkei, Hang Seng, Shanghai, etc) were not spared from the destruction. The ST Index fell 22.66 points to close ...
While surfing around and dropping Entrecards, I noticed quite a number of blogs using the Project Wonderful ad box and thought I will try it out too.I have set it up today (yup, the 125×125 box on the top of my right sidebar); registration is effortless, just paste the code on your sidebar, and you ...
CHINA TAISAN 0.235 Down 0.005 (2.08%) 70,932,000GoldenAgr 1.02 Up 0.01 (0.99%) 36,590,000SingTel 3.68 Down 0.01 (0.27%) 24,150,000Jade 0.125 …
SINO 0.415 Up 0.055 (15.28%) 59,992,000TR Networks 0.36 Up 0.01 (2.86%) 48,221,000GoldenAgr 0.95 Down 0.03 (3.06%) 43,106,000CHINA TAISAN 0.26 …
I have not written market analysis for a while because the situation is too volatile to track on a daily basis. Just when you think oil has taken a beating, it surged back to the fore but before the ink has dried, it beat a hasty retreat again the very next day.With the barrage of ...
China Hongx 0.45 Down 0.025 (5.26%) 48,919,000TR Networks 0.35 Down 0.01 (2.78%) 48,134,000CHINA TAISAN 0.235 Down 0.025 (9.62%) 39,690,000GoldenAgr 0.91 …
Hurricane Gustav is set to bring cheers to the battered oil and commodities market as it heads towards the Gulf of Mexico. Oil prices briefly touched $119.63 per barrel on the New York Mercantile Exchange before falling back to $118.15 a barrel Wednesday.What is the possible extent of damage from Hurricane Gustav? In 2005, Hurricane ...
One year into the Aug 2007 subprime crisis, and the financial sector is still reeling from the after-effects. Billions of dollars were injected into the money markets and interest rates slashed but the deleveraging journey remains arduous.In fact, investors must prepare for more pain from the looming avalanche of housing mortgage defaults. It seems that ...
GoldenAgr 0.96 Up 0.04 (4.35%) 52,302,000TR Networks 0.41 Up 0.005 (1.23%) 32,474,000SingTel 3.71 Down 0.06 (1.59%) 31,427,000Mercator 0.49 Up …
Bull vs Bear battle rages on in the Singapore stock exchange. The Straits Times Index increased by a mere 9.09 points to 3143.89. Trading volume was weak at 1002.7 million. Gainers/Losers stood at 234/268.To me, such a market performance is poor especially when we consider a multitude of positive news for the US economy. ...
Although I write an investment blog, I feel a need to discuss the incessant rape of Mother Earth today. As investors, we are affected by global events, especially natural disasters which can cause tumultuous upheavals to the stock market. Since 2007, we have seen a slew of record breaking climate events. There was no let-off ...
GoldenAgr 1.01 Down 0.01 (0.98%) 44,380,000Gen Int 0.63 Up 0.01 (1.61%) 34,064,000SingTel 3.69 Up 0.07 ...
Ben Bernanke is indeed a man of his words. He not only stepped into a helicopter to drop money, he virtually flew a B-52 bomber and carpet bombed the skittish financial system with a trillion dollar payload.
In the recent survey of 2,300 Singaporeans conducted by the Ministry of Community Development, Youth and Sports, it was found that 60 per cent among those earning under $1,000 gambled, up from 50 per cent in 2005.Three-quarters of respondents started gambling as early as 24 or younger and most view gambling as a leisure activity. ...
This is the time of the week again for an update on top Entrecard droppers. I will be making slight adjustments by changing such reviews to a monthly format. Many bloggers end up tied every week so I think it will be more meaningful to see who are true-blue Entrecard droppers on my blog in ...
With inflation spiraling out of control, purchasing gold for your portfolio sounds like a no-brainer but sometimes when investments become too simple, a lot of people hesitate to act.Major indexes experienced double-digit declines and investor confidence were drained, this is the story of US stock market in the first half of 2008.The bear market is ...
The global economy is headed for a recession and the stock market decline is well underway - investors will not touch stocks with a barge pole. I do not foresee a stock market crash for SGX nor embattled Wall Street, but it is certainly a period of financial destruction if we are not careful.At this ...
Houston, the fossil fuel capital of America, is setting the right examples by converting to wind power. On July 1, Houston will receive 25 percent of its electricity from wind energy.Wind farms in West Texas will provide the needed wind energy, and at a savings to consumers. A kilowatt hour of wind-generated electricity costs 7.5 ...
A few days ago, I read with interest a bet between Warren Buffett, CEO of Berkshire Hathaway, and Protégé Partners LLC, a New York City firm that runs funds of hedge funds. It is supposed …
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