Be the first to like this.
5 comment(s). Last comment by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ 2024-03-07 13:17
Posted by Desa20201956 > 2016-02-11 11:17 | Report Abuse
When there is a tsunami is the best time to buy.
Posted by calvintaneng > 2016-02-11 11:40 | Report Abuse
Desa
In 1997/98 when KLSE crashed from 1332 points. What is the time to buy?
1332 to 1,065 is 20% down.
1332 to 799 points is 40% down. Can buy?
Then
1332 to 532 points can buy? Already down 60%
After buying at 532 points. Then?
Then 532 to 262 points. Down another 51%
So be careful unless you got money to buy like Bank Negara.
This is the time to be VERY VERY DEFENSIVE.
And Only Companies with SOLID CASH POSITION & PAYING GOOD DIVIDEND CAN WITHSTAND IN THESE TERRIFYING TIMES!
Posted by calvintaneng > 2016-02-11 11:48 | Report Abuse
SEE HOW PEOPLE ARE SO FEARFUL IN JAPAN. THEY ARE WILLING TO BUY JAPANESE GOVT BOND WITH ZERO INTEREST. ALSO IN USA BOND YIELD HAS FALLEN TO 2%
AND IN MOST OF EUROPE- BOND YIELDS IS LESS THAN 1%
HOW FORTUNATE THAT WE HAVE PM CORP GIVING US 30% YIELD OR 8.88% YIELD FOR YEARS 2016, 2017 & 2018. RUN FOR SAFETY IN ROCK SOLID PM CORP!!
Asian stocks stumble as investors scramble for safety
Fresh cracks appeared in global markets on Thursday as investors sought the safety of Japanese yen, gold and top-rated bonds on bets the Federal Reserve could be done raising interest rates.
Posted 11 Feb 2016 08:50 Updated 11 Feb 2016 10:30
SYDNEY: Fresh cracks appeared in global markets on Thursday (Feb 11) as investors sought the safety of Japanese yen, gold and top-rated bonds while dumping US dollars on bets the Federal Reserve could be done raising interest rates.
Even the absence of Tokyo for a holiday could not stop the dollar from hitting a 15-month low on the yen, and gold finally broke major chart resistance to reach its highest since May.
Insatiable demand for U.S. Treasuries drove longer-term yields to one-year lows and flattened the yield curve in a way that has presaged economic recession in the past.
"In some ways it is reminiscent of 2008 with tightening credit markets, bank shares under pressure and worries central banks are powerless," said Shane Oliver, head of investment strategy at AMP Capital, though he suspects markets are being overly pessimistic this time.
The flight from risk told on Asian shares, with Hong Kong diving 3.8 per cent to its lowest level since June 2012 as investors there returned from the long Lunar New year holidays.
MSCI's broadest index of Asia-Pacific shares outside Japan shed 1.1 per cent, and South Korea re-opened with a 2.4 per cent drop.
EMini futures for the S&P 500 fell 0.6 per cent.
Wall Street had ended Wednesday mixed after Fed Chair Janet Yellen sounded optimistic on the U.S. economy, but acknowledged risks from market turmoil and a slowdown in China.
Analysts took that to mean a hike in March was unlikely, but further tightening remained possible later in the year.
"Yellen made it clear that while the Fed still expects to continue on its gradual tightening path, policy was not on a pre-set course and would respond appropriately to developments," said Justin Fabo, a senior economist at ANZ.
"The real test may come later, if markets continue to deteriorate and look to central banks to save them. Are policymakers' guns loaded with blanks?"
YIELDS FLATTENED
It seemed some were already preparing for the worst.
Longer-term U.S. debt rallied hard as investors wagered that either the Fed would be unable to tighten at even a gradual pace, or that if it did hike it would only hasten the arrival of recession and deflation.
In a marked turnaround, yields on 10-year Treasuries fell to 2.673 percent , from a top of 2.773, almost exactly matching the lowest close from February last year.
That in turn narrowed the spread over two-year paper to just 98 basis points, the smallest gap since late 2007 just before the global financial crisis hit.
Likewise, Fed fund futures priced in the shallowest of shallow tightening paths. The market implies a rate of 45 basis points for the end of this year, 60 basis points at the end of 2017 and 90 by the close of 2018.
The steady decline in U.S. yields continued to drag on the dollar, which reached lows last seen in October against a basket of currencies .
The yen was again lifted by safe-haven flows, as befits Japan's position as the world's largest creditor nation. The dollar dove through 113.00 yen to reach depths not visited since November 2014 at 112.55.
The euro also weakened against its Japanese peer, sliding to a near three-week low of 127.50 yen . Against the greenback, the euro held firm at US$1.1300 and within reach of a three-month high of US$1.13385 set earlier in the week.
The aversion to risk helped lift gold as far as US$1,213.00 an ounce, clearing stiff resistance around US$1,200.
Oil prices resumed their decline as U.S. crude slid 55 cents to US$26.89 a barrel, while Brent futures lost 35 cents to US$30.49.
(Reporting by Wayne Cole; Editing by Shri Navaratnam and Kim Coghill)
Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥ > 2024-03-07 13:17 | Report Abuse
PMCORP
5TH FEB 2016 27 SEN
7TH MARCH 2024 18 SEN
No result.
1
Mercury Securities Research
2
The Alpha Trader
4
5
save malaysia!
6
7
BFM Podcast
#
Stock
Score
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
56,026 posts
Posted by calvintaneng > 2016-02-11 11:15 | Report Abuse
A Financial Tsunami is Now Sweeping Over All High Flying Overvalued Export Stocks.
Did any one take heed to sell them and bought into the Safety of ROCK SOLID PM CORP?
On the day of posting Pm Corp was 25 cents.
Not too late to sell your Export Stocks even now & switch to PM CORP. Export stocks will keeping falling while PM CORP Will Keep On Surging Upward!
DO IT AND DO IT NOW!!