Do not play shares .... I wish I had a time machine. I cld make myself go back until the day I was born .... (to quote from the song ' It' s Sad to Belong' ). If I' m granted this wish, I' ll never play shares. Great advice it is on hindsight for me ... n I' d think for a lot of others too.
Lol, that sifu has long retired from trading... he's gone to the Himalayan mountains for full-time meditation.But I will always remember his exhortation - "Do not play shares". 🙂
Can you tell your sifu ...kalau dia nak cekap sedik melayu ... Can go to my Sista pppgg's house~~CTA yah!!!
Opp.. If he wants to practice his Chinese, he can go to TOM... My Bro WST's tea house.Looking forward to see him!!!
<br/
Lol, that sifu has long retired from trading... he's gone to the Himalayan mountains for full-time meditation.
But I will always remember his exhortation - "Do not play shares". 🙂
Can you tell your sifu ...kalau dia nak cekap sedik melayu ... Can go to my Sista pppgg's house~~CTA yah!!!
Opp.. If he wants to practice his Chinese, he can go to TOM... My Bro WST's tea house.Looking forward to see him!!!
Ya, I remember that sifu used to tell people "Do not play shares".He's a straight talker, ie.calling a spade a spade... sort of a Simon Cowell type. But he's a nice and caring man with the welfare of novices at heart
Wall St Week Ahead-Fundamentals could resurface after wrenching sell-off
Jan 15 The dramatic sell-off on Wall Street through most of the past two weeks could signal a capitulation-type blowout, giving fundamentals the upper hand for the next week.
The current slide in stock prices, which on Friday briefly dragged the S & P 500 to levels not seen in more than a year, is reminiscent in breadth and tone of drop-downs seen during the Great Recession.
Some argue the decline is warranted. In addition, the market has not seen the kind of sell-off in high volume that signals a capitulation, and the S & P 500 could enter a bear market, more than 9 percent below current levels.
From most indications the US economy is far from being in a recession, according to many market participants. The repricing in stocks could help the market shift back to fundamentals after years of focusing on the Federal Reserve and its ultra-low interest rate policy.
That is welcome news for some in the market who have seen stocks trade on variables other than economic data and company earnings.
" I actually am encouraged to see the market drop so we can just get to fair value and take it from there, then it is really determined by the path of the economy, and profits and revenues," said Jack Ablin, chief investment officer at BMO Private Bank in Chicago.
" To me, this is really a result of Fed influence, just a reversing of all this Fed intervention."
Many point to a slowdown in China' s economy and its expected weight on global growth as a reason for the slide in stocks and the 12-year lows in crude oil futures.
The Shanghai index closed Friday at its lowest level since December 2014, down more than 20 percent from its November high and nearly 44 percent from its 2015 high.
" The spillover from China has been concentrated in crude oil and there are reports that commodity hedge funds have experienced a sharp increase in margin calls as the price of oil falls," said Gail Dudack, chief investment strategist at Dudack Research Group in New York in a Friday note to clients.
" Typical of most margin unwindings, selling will flow into equity markets since stocks are often the most liquid assets in portfolios. This explains why movements in the (S & P 500) have been closely aligned with crude oil in recent weeks."
Friday had some of a capitulation type feel, with 944 New York Stock Exchange issues hitting a 52-week low. It is only the fourth day since the end of 2008 that the number is above 900. It also was the seventh day in a row of more than 500 NYSE stocks at their lowest in at least a year, a streak not seen since October 2008 -the month following the bankruptcy of Lehman Brothers.
Major indexes fell Friday for a third consecutive week. The S & P closed at its lowest since late August while the Nasdaq Composite ended at its lowest since October 2014.
FUNDAMENTALS ON TAP
US markets are closed Monday for the Martin Luther King holiday and on Tuesday will reopen to fresh industrial output and retail sales data out of China. Chinese GDP data is also due Tuesday, late Monday on Wall Street.
" Some of the (market) fears may be comforted if we get good numbers out of China Monday evening," said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management in Menomonee Falls, Wisconsin.
He said if next week' s US core inflation data does not surprise on the upside and manufacturing returns to expansion investors could feel more comfortable returning to the stock market.
" That in addition to strong earnings, of course."
Among the largest companies to report results next week are Morgan Stanley, Bank of America and Goldman Sachs in the financial world, while Starbucks and a handful of airlines will speak to the health of the consumer.
North and South American Indexes
| Index | Country | Change | % Change | Level | Last Update | |
|---|---|---|---|---|---|---|
 |
Dow Jones Industrial Average | United States | -390.97 | -2.39% | 15,988.08 | 4:43pm ET |
| |
S& P 500 INDEX | United States | -41.51 | -2.16% | 1,880.33 | 4:43pm ET |
| |
Brazil Bovespa Stock Index | Brazil | -930.98 | -2.36% | 38,569.13 | 5:52pm ET |
| |
Canada S& P/TSX 60 | Canada | -16.98 | -2.34% | 709.12 | 4:35pm ET |
| |
Santiago Index IPSA | Chile | -48.81 | -1.72% | 2,784.43 | 3:05pm ET |
| |
IPC | Mexico | -505.05 | -1.22% | 40,847.70 | 6:06pm ET |
Wall St. hemorrhages as oil tumbles and China fears deepen
Wall Street bled on Friday, with the S & P 500 sinking to its lowest since October 2014 as oil prices sank below $ 30 per barrel and fears grew about economic trouble in China.
Pain was dealt widely, with the day' s trading volume unusually high and more than a fifth of S & P 500 stocks touching 52-week lows. The major S & P sectors all ended sharply lower. The Russell 2000 small-cap index dropped as much as 3.5 percent to its lowest since July 2013.
The energy sector dropped 2.87 percent as oil prices fell 6.5 percent, in part due to fears of slow economic growth in China, where major stock indexes also slumped overnight. The energy sector has lost nearly half its value after hitting record highs in late 2014.
" Initially when oil was down, the convenient line was ' Well, it' s good for the other nine sectors' ," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma. " That tune has changed. Now, it' s a contagion to the other nine sectors. It' s a contagion to Main Street and Wall Street. "
The technology sector was the day' s biggest loser, sliding 3.15 percent as weak quarterly results from chipmaker Intel weighed heavily on chip stocks.
The S & P 500 has fallen about 12 percent from its high in May, pushing it into what is generally considered " correction territory."
China' s major stock indexes shed over 3 percent, raising questions about Beijing' s ability to halt a sell-off that has now reached 18 percent since the start of the year.
The Dow Jones industrial average dropped 2.39 percent to end at 15,988.08 and the S & P 500 fell 2.16 percent to 1,880.33. The Nasdaq Composite lost 2.74 percent to 4,488.42.
For the week, the Dow fell 2.2 percent, the S & P 500 lost 2.2 percent and the Nasdaq dropped 3.3 percent.
US stock exchanges will be closed on Monday in observance of Martin Luther King Jr. Day, while China' s equity markets will be open.
During Friday' s session, the CBOE volatility index, Wall Street' s fear gauge, jumped as much as 29.2 percent to 30.95, its highest level since September.
" Investors are scared to death, and the fact that it' s happening at the beginning of the year has some historical significance," said Phil Orlando, chief equity market strategist at Federated Investors in New York.
US economic data on Friday was not encouraging either, with an unexpected drop in retail sales and industrial output declining again in December, underscoring a worsening outlook for fourth-quarter economic growth.
Dow components Exxon and Chevron fell around 2 percent, while Caterpillar dropped 2.65 percent.
Intel tumbled 9.1 percent, its steepest drop in seven years, after the chipmaker' s results and forecast raised concerns about its growth.
Citigroup fell 6.41 percent, while Wells Fargo dropped 3.59 percent after both reported largely in-line quarterly earnings.
Wynn Resorts was the among the few bright spots, surging 13.34 percent after reporting in-line quarterly revenue.
Declining issues outnumbered advancing ones on the NYSE by 2,591 to 529. On the Nasdaq, 2,377 issues fell and 502 rose.
The S & P 500 index showed no new 52-week highs and 135 new lows, while the Nasdaq recorded five new highs and 511 lows.
About 10.8 billion shares changed hands on US exchanges, well above the 7.6 billion daily average for the past 20 trading days, according to Thomson Reuters data.
Can you tell your sifu ...kalau dia nak cekap sedik melayu ... Can go to my Sista pppgg's house~~CTA yah!!!
Opp.. If he wants to practice his Chinese, he can go to TOM... My Bro WST's tea house.
Looking forward to see him!!!
Ya, I remember that sifu used to tell people "Do not play shares".He's a straight talker, ie.calling a spade a spade... sort of a Simon Cowell type. But he's a nice and caring man with the welfare of novices at heart.
student....student,
Do you still remember me?
We were once in the same class!!!!
How are you?
I love your sifu's teaching!
Now is the best time to start new courses!!!!
I am awaiting the clases to start!!!Pls tell your sifu I miss him a lot yah!!!
Ya, I remember that sifu used to tell people "Do not play shares".
He's a straight talker, ie.calling a spade a spade... sort of a Simon Cowell type. But he's a nice and caring man with the welfare of novices at heart.
student....student,
Do you still remember me?
We were once in the same class!!!!
How are you?
I love your sifu's teaching!
Now is the best time to start new courses!!!!
I am awaiting the clases to start!!!Pls tell your sifu I miss him a lot yah!!!
Dow minus 500 now.
which tea house?
which sifu?
Cme cme have some tea in his tea house
student....student,
Do you still remember me?
We were once in the same class!!!!
How are you?
I love your sifu's teaching!
Now is the best time to start new courses!!!!
I am awaiting the clases to start!!!Pls tell your sifu I miss him a lot yah!!!
Monday STI confirm break 2,600 liao.
Cme cme have some tea in his tea house
student....student,
Do you still remember me?
We were once in the same class!!!!
How are you?
I love your sifu's teaching!
Now is the best time to start new courses!!!!
I am awaiting the clases to start!!!Pls tell your sifu I miss him a lot yah!!!
student....student,
Do you still remember me?
We were once in the same class!!!!
How are you?
I love your sifu's teaching!
Now is the best time to start new courses!!!!
I am awaiting the clases to start!!!
Pls tell your sifu I miss him a lot yah!!!
? what stocks
empathy towards vivian who is already suffering losses.
Emotion, empathy? Joker
One must never entertain emotion when playing shares.Stocks are NOT your loving uncle, or friend. It is an impersonal 'game' of numbers.
There is no mercy when money is lost. Thus, the earlier one learns one's lesson, the more one gains, particularly in the area of wisdom
Haha execution project X
Execution stock market style, prepared for sti to hit 2500 and diving deeper till oil rout stabilise. Worst not yet to come, if lot of energy companies default on their debt, 2008 all over then u know what is a bear market
Execution stock market style, prepared for sti to hit 2500 and diving deeper till oil rout stabilise. Worst not yet to come, if lot of energy companies default on their debt, 2008 all over then u know what is a bear market
