LETS COMPARE NOW AND THEN(when sti break 2k with shipping stocks break resistances together)

THE PARKING IS HERE AGAIN!!!!!!!!!!!!!!!!!!

NOW





THEN

hi all based on last night actions,very clear that this leg will be the leg to push sp500 back to usual highs 1576
may i recall 1st leg of subprime:
usd drop, us stcks down, oil went up

excuse:oil hedge against falling usd
real mechanism:oil did not spike up during stckmkt bull run

leg 2 of subprime:
usd drop, oil drop, us stcks drop

excuse:recession fears dampen oil demand
real mechanism:it is very profitable to short oil down at usd 147

RECOVERY:
leg 1 of recovery:
usd drop, us stcks rise, oil rise

excuse:us govt print a lot of money for bailout package,economy dropping at slower pace

real mechanism:oil shorts are being covererd as oil plunge very quick and too fast
sp500 value from 666 to 1120-460points

leg 2 of recovery:
usd RISE,us stcks rise,oil rise WILL BE THE MOST PROBABLE SCENARIO and excuse
add 460 to 1120 gives 1570, the all time highs of sp500

real mechanisms behind excuse:usd shorts are being covered together with US economy strengthening..

BY THE TIME INTEREST RATES IN USA RISE, USD WILL HAVE PEAKED or go up more gradual hahaha
this is LAST NIGHT EVIDENCE:

COMMODITIES > KEY COMMODITIES
More: Key Commodities | Energy | Metals | Agriculture | Livestock | Index | Rates | CurrenciesENERGY FUTURES

CRUDE OIL75.47-0.99-1.29%
NATURAL GAS4.5860.127+2.85%
RBOB GASOLINE1.975-0.018-0.9%
BRENT CRUDE77.740.22+0.28%



Current DateTime: 02:41:49 05 Dec 2009
LinksList Documentid: 33282388
More Energy Futures
METAL FUTURES

GOLD1162.5-55.80-4.58%
SILVER1848.5-61.70-3.23%
COPPER318.9-3.05-0.95%
PLATINUM1445.8-47.90-3.21%



Current DateTime: 02:42:13 05 Dec 2009
LinksList Documentid: 33282094
More Metal Futures


DOLLAR INDEX

usd INDEX 75.85 +1.58percent


EURO1.4827 -0.0263 -1.74%

us stocks

DOW10388.898422.75+0.22%

Dow Jones Industrial Average

S&P1105.986.0601+0.55%

S&P 500 Index

NAS2194.3521.21+0.98%

Nasdaq Composite
VIX21.25

I WILL NEVER BE SURPRISED IF MONDAY,7th december 2009, US STCK MARKET SURGE UP

Mercator Lines (Rs 65): Buy



Mercator Lines can touch target of Rs 87: Emkay
9 Oct 2009, 1215 hrs IST, ET Bureau

MUMBAI: Emkay Global Financial Services expects Mercator Lines to touch target of Rs 87 on the upside.


“Mercator Lines is breaking out of an ascending triangle and daily momentum has started to pick up. The volumes have been very encouraging on breakout, also note that how volumes have expanded into rallies since July hinting at accumulation over last few months. The stock should target Rs 87 with reversals at Rs 55.7,” the recommendation said.

ANOTHER ANALYST
We recommend a buy in Mercator Lines from a short-term horizon. It is perceptible from the charts of the stock that since its March low of Rs 21 the stock has been on an intermediate-term uptrend. However, after encountering resistance at Rs 76 in June, the stock went through a medium-term correction till the July low of Rs 42. Later, the stock resumed its uptrend, taking support in the Rs 42-45 band. In mid-September, it crossed the 21-day and 50-day moving averages and is currently trading way above them. On October 8, the stock jumped 9 per cent, accompanied by high volumes and began to shape a flag pattern. The daily relative strength index (RSI) is featuring in the bullish zone and the weekly RSI is on the brink of entering this zone. Both the daily and weekly moving average convergence and divergence indicators are hovering in positive territory. Taking into consideration that the stock’s intermediate-term uptrend-line is intact we are bullish from a short-term perspective. We expect it to move up until it hits our price target of Rs 72. Traders with a short-term perspective can buy the stock while maintaining a stop-loss at Rs 61.5.

Yoganand D.

http://www.blonnet.com/2009/10/14/stories/2009101450550200.htm
source:


Block deal in Mercator Lines
Mumbai, Aug. 26 The shares of Mercator Lines were in the limelight on Wednesday, after a block deal of 51.75 lakh shares was reported on the BSE. The shares were bought by Albulla Investments Funds from Mavi Investment Fund Ltd at Rs 56.5 a share. Mavi Investment Fund Ltd holds 2.19 per cent stake in the company. However, no further information was given. Around 89.43 lakh shares were traded during the day. The Mercator stock touched an intra-day high of Rs 62.25 and closed 9.33 per cent higher at Rs 61.50 on the BSE. - Our Bureau

Mercator Lines targets 30 mt from Mozambique coal mine
Varada Bhat


Mumbai, June 10 2009

Mercator Lines, India’s second largest private shipping company, has targeted production of 30 million tonnes (mt) of coal from its Mozambique mine once its starts production. The mine has estimated recoverable reserves of one billion tonnes.

But the date of actual production is still some time away, and sources say it is expected to kick off in 2010.

“We are still carrying out feasibility studies to develop the infrastructure needed. It will take us some time as it is a large asset and we a need lot of investments to produce 2.5 million tonnes every month,” Mr H.K. Mittal, Chairman, Mercator Lines, told Business Line.

Without offering the financial details, he reiterated that the company had enough funds for the project.

Mining sector foray


Mercator recently entered the coal mining sector by acquiring three mines in Indonesia and one in Mozambique as part of its backward integration initiative.

“We were into transportation and handling of coal. So we decided to get into coal mining,” said Mr Mittal.

The company plans to produce 1.5-2 mt of coal this fiscal from its Indonesian mines which started production a year ago.

“We have started with small mines to get the experience and will, in the future, ramp up production to 10 mt,” he added.

Mercator reported income of Rs 76.90 crore from its coal mining business in 2008-09, its first year of operations.

Freight revenue


According to a shipping analyst, with the global freight market remaining dampened, these businesses will de-risk the company’s earnings from the cyclicality related to shipping freight revenues.

“This will provide revenue generation through sale of coal in domestic/international markets and its transhipment through its own ships,” he said.

Mercator posts 15% rise in net

Mumbai, May 20

Long-term contracts have helped Mercator Lines post a 14.9 per cent increase in net profit for 2008-09 despite the collapse in the dry bulk shipping market last year. Net profit for the year ending March 31, 2009 was up at Rs 376.45 crore from Rs 327.65 crore last year. Total income increased by 45.11 per cent to Rs 2,248.82 crore (Rs 1,549.72 crore), said a statement from Mercator. “Despite a weak economic environment and depressed freight rates, Mercator has delive red good results,” said Mr H.K. Mittal, Executive Chairman, in a press release. During the year, the company started its coal mining activities which generated revenue of Rs 77 crore.

– Our Bureau


Mercator to sharpen focus on dredging, coal mining
Has acquired mines in Indonesia, Mozambique.

Amit Mitra


Mumbai April 16 With the global freight market remaining dampened due to recessionary trends, Mercator Lines, India’s second largest private shipping company, has decided to sharpen focus on its other businesses — dredging and coal mining.

The company recently entered the coal mining sector by acquiring three mines in Indonesia and one in Mozambique, as part of its backward integration initiative. “We are into transportation and handling of coal. So we decided to get into coal mining,” Mr H.K. Mittal, Chairman of Mercator Lines, told Business Line.

The company plans to produce between 1.5 million tonnes (mt) and 2 mt of coal from its Indonesia mines in the current fiscal. “Over the next three to four years, we will be ramping up production to 10 mt tonnes through acquisition of more mines,” Mr Mittal said.

The Mozambique mine, where production is yet to start, is spread over an area of 180-sq.km, with estimated recoverable reserve of one billion tonnes.

To acquire more dredgers


The company also plans to enhance its focus on dredging business, seeing major opportunities in the domestic dredging market as Indian ports plan to expand capacities and new ports are in the pipeline. It plans to add two new dredgers to its fleet of four in the current quarter — at a cost of $110 million.

Within the next three years, Mercator plans to expand its dredging fleet to 10, which will include both cutter suction and trailer suction dredgers. Earlier, the company leased out the dredgers to Dredging Corporation of India (DCI), but now it operates these vessels on its own.

The company has not postponed its acquisition plans despite recessionary trends. “On the contrary, we feel this is the best time to buy assets. Lots of second-hand ships are available at much lower prices as compared to some months ago,” said Mr Mittal. .

Ships can be purchased at prices 20 to 50 per cent lower depending on the category of vessels. New ships at different shipyards were also available, as the owners could not pursue expansion plans due to tight liquidity position.

The company, which spent $310 million to acquire new assets, including a very large crude carrier, will be buying a few bulk carriers this fiscal. Financing, however, was still a problem, he said.

Sharp fall in tanker rates


While the dry bulk market is showing some signs of improvement, tanker rates fell sharply in the last three months. The average charter rate for a VLCC fell from $44,065 per day in January 2009 to $30,672 in February and $25,177 in March. On April 8, the VLCC rate was ruling at about $10,536 per day.

The Baltic Dry Index, which measures the dry bulk freight rates, increased from 1818 in February 2009 to 1958 in March. The rates are just about sufficient to meet the operating costs of shipping companies, say industry analysts.

Mercator Lines plans to acquire more oil rigs

Mr H.K. Mittal, Executive Chairman of the company, made it clear that the company had no immediate plans to acquire offshore supply vessels or multi-purpose supply vessels required by the oil sector.

Santanu Sanyal


Kolkata, May 20 Mercator Lines has before it a proposal for acquiring more oil rigs.

“We are already having one jack-up rig built at Keppel in Singapore and we’re considering more acquisitions, preferably by way of outright purchase,” Mr H.K. Mittal, Executive Chairman of the company, told Business Line.

“To have a new rig built in a yard will take at least three years, an option which perhaps can be dispensed with in favour of outright purchase of newly-built readily available in the market.”

Exploring market


As he felt, there might be no dearth of newly-built equipment for immediate acquisition but only at a price. “In-chartering of old equipment is not so much in our view, but then, we’re exploring the market and keeping our options open,” Mr Mittal observed.

He, however, made it clear that the company had no immediate plans to acquire OSVs (offshore supply vessels) or MSVs (multi-purpose supply vessels) required by the oil sector.

“Our priority is clear: we’ll go for high value large assets,” he added.

Oil sector


The growing Indian oil sector, as Mr Mittal pointed out, was holding out promise. “But that does not mean that our proposed acquisitions will be deployed only in India,” he said, adding, “whosoever, anywhere in the world, gives the best price will get our equipment”.

The jack-up rig being built in Singapore will be delivered in March 2009 and will cost $190 million and its deployment has already been firmed up for three years.

Mercator Lines, as the Chairman pointed out, was essentially a shipping firm, the second largest private sector shipping company in the country, with a diversified fleet comprising 20 vessels, including nine tankers (total tonnage 1.04 million dwt), eight bulk carriers (0.61 million dwt) and three dredgers (combined capacity 20,000 cbm).

The company’s acquisition of dredgers is a recent development and all the three dredgers have been placed with the Dredging Corporation of India for employment.

Goldman Sachs Sees ‘Rather Strong’ Growth in 2010-11 (Update2)
By Paul Dobson
Dec. 2 (Bloomberg) -- The global economy will expand 4.4 percent in 2010 and 4.5 percent the following year as the world recovers from the credit crisis, Goldman Sachs Group Inc. said.
“Our projections suggest that both 2010 and 2011 will be rather strong years,” a team led by Jim O’Neill, Goldman Sachs’s chief economist in London, wrote today in a report in which the bank made eight “top trade” recommendations. “The combination of better-than-expected growth and lower-than- expected inflation should be good news for financial markets.”
Among its recommendations, New York-based Goldman Sachs, the most profitable securities firm in Wall Street history, said investors should buy the pound against the New Zealand dollar and the Polish zloty versus the yen. The bank also backed Russian equities and suggested investors should go “long” credit protection on Spain and “short” protection on Ireland.
Goldman Sachs is more bullish on the prospects for a recovery from the worst recession since World War II than Pacific Investment Management Co., which runs the world’s biggest bond fund. Pimco expects a “new normal” investment climate that includes lower and slower economic growth, higher risk premiums, volatility and a prolonged correction phase, according to a statement yesterday.
‘Risky Assets’
Goldman Sachs’s prediction for two consecutive years of global growth at more than 4 percent, with no increase in short- term U.S. interest rates, “would appear to be rather positive for risky assets, potentially sowing the seeds for fresh asset overvaluations down the road,” the bank said. The analysts remain “nervous” about possible risks, including the possibility that the Federal Reserve will increase interest rates sooner than anticipated.
The MSCI World Index of stocks climbed 28 percent this year as the global economic slump eased. Crude oil jumped 75 percent, gold advanced to a record $1,217.23 an ounce and the dollar slid against higher-yielding currencies such as the Australian dollar and Norwegian krone. Treasuries dropped 1.4 percent in 2009, according to Merrill Lynch & Co. indexes, after a resurgence in risk appetite.
Goldman Sachs said earlier today it was ending the last four of its top trades for 2009 after “potential gains” for nine of the 11 bets, including one that the pound would strengthen against the dollar. The bank said it had “significant losses” on a recommendation to buy the dollar against the yen, losing 9 percent.
To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net Last Updated: December 2, 2009 12:54 EST

hello..GOLDMAN SACHS IS NOT CIMB STANDARD...MUCH MUCH MUCH HIGHER!!!

Buying on pullbacks makes sense. Our view still envisions an earnings-related rise in the S&P 500 for early 2010 into the 1200-1250 range and then a backup thereafter for a variety of reasons, so any market retreat provides an entry point, in our opinion. It is likely that Financials get hit as well as global growth risk trades such as Energy, Materials and Industrials especially if the dollar strengthens further as it takes on its safe haven role. But we would buy into Energy and Capital Goods names on such a retrenchment.

GEO Profile Alert
Analyst(s)Tobias M Levkovich+1-212-816-1623
SectorEquity Strategy
RegionNorth America


Tobias M. Levkovich Managing Director & Chief U.S. Equity Strategist Citigroup

Managing Director Tobias M. Levkovich, who joined Smith Barney in 1988, is the firm's Chief U.S. Equity Strategist, where he is responsible for assessing equity market direction, sector allocation and the firm's Recommended List. He is also a member of the firm's Investment Strategy Committee. Since taking over the role of strategist, he has been accorded a runner-up slot for portfolio strategy in the 2002, 2005 and 2006 Institutional Investor All-America Research Team (II) poll, along with third-team honors in the 2004 II poll. He also has been acknowledged by Smart Money magazine as one of the 30 smartest people in investing (December 2002) and was recognized as its Best Market Seer for 2003. In November 2004's issue, he was named to the "Power 30 Thinkers" list.Prior to taking on the equity strategy role in 2001, Tobias Levkovich covered the engineering, construction and machinery industries for 13 years and was ranked first team on the 1998, 1999 and 2000 II survey for his machinery industry coverage as well as the engineering and construction industry. He was a regular member of the II team between 1991 and 2000 as a machinery, construction and engineering analyst and was recognized as the leading Capital Goods analyst by the Wall Street Journal (2000), Greenwich Associates (1998-2000) and Reuters (1998-99).Prior to joining Smith Barney, Mr. Levkovich served as an Assistant Vice President in L.F. Rothschild & Co.'s research department.Tobias Levkovich holds a B.A. in Commerce from Concordia University, Montreal, and attended Boston University's Graduate School of Management. He has spent 20 years in the investment business and is married with three children.

SAME SP500 TARGET, SAME TIMING--EARLY 2010!!!!
LOOK AT THE CREDENTIALS OF THIS CHIEF ANALYST

dow--US MKT--10K

hsi--HK MKT--21000

sti--SG MKT--2650

AFTER CALCULATIONS, ALL MATCH(a total 3% drop from current levels)--IM GOING TO WAIT PATIENTLY TO WHACK CONTRA...

Dubai's Debt Woes Signal New Era for Creditors
Published: Friday, 27 Nov 2009 9:19 AM ET
Text Size
By: Patrick AllenCNBC Senior News Editor
The fact that Dubai has been struggling under huge debts is not a surprise to anyone who has followed the Emirate’s economy over the last 10 years.

A huge property-led boom saw money pile into infrastructure and construction projects like the Palm Jumeirah or the soon-to-be-completed 810 meter Burj Dubai tower that will dwarf any building on earth.
Building the world’s tallest building has always been viewed by investors as a sign that a local economy is about to head south. Dubai World, the most indebted of Dubai’s state-sponsored companies, owes $60 billion of which $22 billion must be refinanced by 2011.
Dubai World and Dubai’s authorities have been able to raise this kind of money in the first place due to implicit support of its oil rich neighbor Abu Dhabi.
Dubai has very few energy resources and raises little money via income tax due to its competitive tax policies. The state has consistently run deficits and the Emirate's growth has therefore been funded via the money markets.
Dubai is one of 7 Emirates that make up the United Arab Emirates. Abu Dhabi, with huge energy reserves and a sovereign wealth fund thought to be worth $630 billion, is the richest of them.
Its banks are major creditors of Dubai and its companies, but news that they are no longer willing to keep buying or refinancing Dubai’s major company’s debt shocked global markets.
RELATED LINKS
Current DateTime: 01:02:00 28 Nov 2009LinksList Documentid: 34170428
Dubai Debt Delays Revive Fear of Crisis
Dubai Woes Just a 'Blip': Strategist
Tips: Don't Fret Too Much About Dubai
This week two of Dubai’s biggest companies, Dubai World and Nakheel asked creditors for a debt standstill that has spooked investors across the world.
Bad News for Creditors
After an Abu Dhabi-led bailout of Dubai in February of $10 billion, some investors where convinced that more money would keep flowing.
It is not a matter of whether Abu Dhabi can bailout Dubai but a question of the terms under which they will be willing to do so and what impact this will have on other creditors.
Global banking giants like HSBC , Standard Chartered
all have significant exposure to the UAE, of which some will be exposed directly to Dubai.
Analysts at Commerzbank in London believe these companies and others are now facing losses of up to 50 percent on their investments. Luis Costa from the EMEA debt team believes Abu Dhabi will come to the rescue, but only on terms that suit it and its lenders.
“Help will probably be selective. It does not necessarily mean principals will be fully paid here. As a matter of fact, given the levels of haircut in other recent emerging markets restructuring deals, a 40-50 percent destruction of principal (haircut) would not be absurd at all,” Costa said.
So bad news for creditors; and expect those from outside the UAE to get the worst of any restructuring of debt.
Luis Costa has warned in the past that 2010 and 2011 will be classic years of 'global debt restructuring' at various levels like corporate, quasi-sovereign and sovereign credits.
How Dubai and its rich neighbor Abu Dhabi handle this restructuring could give the bond markets a clear signal of how other highly indebted countries, firms and state-backed firms, go about doing the same thing over the next 2 years.
© 2009 CNBC.com

WHY NEVER LISTEN TO NEWS?LOOK AT ABOVE...WHY DID THE DEFAULT ONLY HAPPEN NOW?EVERYTHING LINKED TO TECHNICALS..LOOK AT THE VIX...15mth low and hit round number 20..

as same as subprime...IDIOTS TELL ME THAT SUBPRIME STARTED IN 2007,SOME EVEN TELL ME LEHMANN STARTED THE SUBPRIME.
WHAHAHAHA i hate to talk to ignorant idiots,dont know and yet act smart
proof--wikipedia--

2004-2007: Many financial institutions issued large amounts of debt and invested in mortgage-backed securities (MBS), believing that house prices would continue to rise and that households would keep up on mortgage payments.[59]
2004: U.S. homeownership rate peaks with an all time high of 69.2 percent.[60]
Following example of Countrywide Financial, the largest U.S. mortgage lender, many lenders adopt automated loan approvals that critics argued were not subjected to appropriate review and documentation according to good mortgage underwriting standards.[61] In 2007, 40% of all subprime loans resulted from automated underwriting.[62][63]Mortgage fraud by borrowers increases.[64]
HUD ratcheted up Fannie Mae and Freddie Mac affordable-housing goals for next four years, from 50 percent to 56 percent, stating they lagged behind the private market; they purchased $175 billion in 2004—44 percent of the market; from 2004 to 2006, they purchased $434 billion in securities backed by subprime loans[18]
October:SEC effectively suspends net capital rule for five firms—Goldman Sachs, Merrill Lynch, Lehman Brothers, Bear Stearns and Morgan Stanley. Freed from government imposed limits on the debt they can assume, they levered up 20, 30 and even 40 to 1, buying massive amounts of mortgage-backed securities and other risky investments.[65]
2005:
January: Federal Reserve Governor Edward Gramlich raises concerns over subprime lending practices, says mortgage brokers might not have incentives for careful underwriting and that that portion of the subprime industry was veering close to a breakdown, that it's possible that it is a bubble but that the housing market did not qualify for specific monetary policy treatment at this point[66].
February: The Office of Thrift Supervision implements new rules that allow savings and loans with over $1 billion in assets to meet their CRA obligations without investing in local communities, cutting availability of subprime loans.[67]
Fall 2005: Booming housing market halts abruptly; from the fourth quarter of 2005 to the first quarter of 2006, median prices nationwide drop 3.3 percent. [68]
2006:
May: The subprime lender Ameriquest announces it will cut 3,800 Jobs, close its 229 retail branches and rely instead on the Web[69]
May: Merit Financial Inc, based in Kirkland, Washington, files for bankruptcy and closes its doors, firing all but 80 of its 410 employees; Merit’s marketplace decline about 40% and sales are not bringing in enough revenue to support overhead.[54]
August: U.S. Home Construction Index is down over 40% as of mid-August 2006 compared to a year earlier.[70]
[edit] 2007
See also: Financial crisis of 2007–2009, List of writedowns due to subprime crisis, and List of bankrupt or acquired banks during the subprime mortgage crisis
Home sales continue to fall. The plunge in existing-home sales is the steepest since 1989. In Q1/2007, S&P/Case-Shiller house price index records first year-over-year decline in nationwide house prices since 1991.[71] The subprime mortgage industry collapses, and a surge of foreclosure activity (twice as bad as 2006)[72] and rising interest rates threaten to depress prices further as problems in the subprime markets spread to the near-prime and prime mortgage markets.[73]
January 3: Ownit Mortgage Solutions Inc. files for Chapter 11. Records show that Ownit Mortgage Solutions owed Merrill Lynch around $93 million at the time of filing.[54]
February 5: Mortgage Lenders Network USA Inc., the country's 15th largest subprime lender with $3.3 billion in loans funded in third quarter 2006, files for Chapter 11.[54]
February–March: Subprime industry collapse; several subprime lenders declaring bankruptcy, announcing significant losses, or putting themselves up for sale.[74] These include Accredited Home Lenders Holding, New Century Financial, DR Horton and Countrywide Financial [75]
March: The value of USA subprime mortgages was estimated at $1.3 trillion as of March 2007.[76]
March 6: In a speech before the Independent Community Bankers of America's Annual Convention and Techworld, Honolulu, Hawaii, Ben Bernanke, quoting Alan Greenspan, warns that the Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, were a source of "systemic risk" and suggest legislation to head off a possible crisis[77]
April 2: New Century Financial, largest U.S. subprime lender, files for chapter 11 bankruptcy.[78]
April 3: According to CNN Money, business sources report lenders made $640 billion in subprime loans in 2006, nearly twice the level 3 years earlier; subprime loans amounted to about 20 percent of the nation's mortgage lending and about 17 percent of home purchases; financial firms and hedge funds likely own more than $1 trillion in securities backed by subprime mortgage; about 13 percent of subprime loans are now delinquent, more than five times the delinquency rate for home loans to borrowers with top credit; more than 2 percent of subprime loans had foreclosure proceedings start in the fourth quarter.[78]
April 18: Freddie Mac fined $3.8 million by the Federal Election Commission as a result of illegal campaign contributions, much of it to members of the United States House Committee on Financial Services which oversees Freddie Mac.[79]
June 7: Bear Stearns & Co informs investors in two of its funds, the High-Grade Structured Credit Strategies Enhanced Leverage Fund and the High-Grade Structured Credit Fund that it was halting redemptions.[80]
June 20: Merrill Lynch seized $800 million in assets from two Bear Stearns hedge funds that were involved in securities backed by subprime loans.[81].
June 25: FDIC Chair Shelia Bair cautioned against the more flexible risk management standards of the Basel II international accord and lowering bank capital requirements generally: "There are strong reasons for believing that banks left to their own devices would maintain less capital -- not more -- than would be prudent. The fact is, banks do benefit from implicit and explicit government safety nets...In short, regulators can't leave capital decisions totally to the banks."[82]
July 19: Dow Jones Industrial Average closes above 14,000 for the first time in its history.[83]
August: worldwide "credit crunch" as subprime mortgage backed securities are discovered in portfolios of banks and hedge funds around the world, from BNP Paribas to Bank of China. Many lenders stop offering home equity loans and "stated income" loans. Federal Reserve injects about $100 billion into the money supply for banks to borrow at a low rate.[citation needed]
August 6:American Home Mortgage Investment Corporation (AHMI) files Chapter 11 bankruptcy. The company expects to see up to a $60 million loss for the first quarter 2007[84].
August 7: Numerous quantitative long/short equity hedge funds suddenly begin experiencing unprecendented losses as a result of what is believed to be liquidations by some managers eager to access cash during the liquidity crisis. It highlights one of the first examples of the contagion effect of the subprime crisis spilling over into a radically different business area. [85].
August 8: Mortgage Guaranty Insurance Corporation (MGIC, Milwaukee, Wisconsin) announces it will discontinue its purchase of Radian Group [86] after suffering a billion-dollar loss[87] of its investment in Credit-Based Asset Servicing and Securitization (C-BASS, New York]).[88]
August 9: French investment bank BNP Paribas suspends three investment funds that invested in subprime mortgage debt[89], due to a "complete evaporation of liquidity" [90] in the market. The bank's announcement is the first of many credit-loss and write-down announcements by banks, mortgage lenders and other institutional investors, as subprime assets went bad, due to defaults by subprime mortgage payers.[91] This announcement compels the intervention of the European Central Bank, pumping 95 billion euros into the European banking market.[92][93]
August 10: Central banks coordinate efforts to increase liquidity for first time since the aftermath of the September 11, 2001 terrorist attacks. [94] The United States Federal Reserve (Fed) injects a combined 43 billion USD, the European Central Bank (ECB) 156 billion euros (214.6 billion USD), and the Bank of Japan 1 trillion Yen (8.4 billion USD). Smaller amounts come from the central banks of Australia, and Canada. [94]
August 14: Sentinel Management Group suspends redemptions for investors and sells off $312 million worth of assets; three days later Sentinel files for Chapter 11 bankruptcy protection. [95] US and European stock indices continue to fall. [96]
August 15: The stock of Countrywide Financial, which is the largest mortgage lender in the United States, falls around 13% on the New York Stock Exchange after Countrywide says foreclosures and mortgage delinquencies have risen to their highest levels since early 2002. [97]
August 16: Countrywide Financial Corporation, the biggest U.S. mortgage lender, narrowly avoids bankruptcy by taking out an emergency loan of $11 billion from a group of banks. [98]
August 17: the Federal Reserve cuts the discount rate by half a percent to 5.75% from 6.25% while leaving the federal funds rate unchanged in an attempt to stabilize financial markets. [99]
August 31: President Bush announces a limited bailout of U.S. homeowners unable to pay the rising costs of their debts.[100] Ameriquest, once the largest subprime lender in the U.S., goes out of business;[101]
September 1–3: Fed Economic Symposium in Jackson Hole, WY addressed the housing recession that jeopardizes U.S. growth. Several critics argue that the Fed should use regulation and interest rates to prevent asset-price bubbles, [102] blamed former Fed-chairman Alan Greenspan's low interest rate policies for stoking the U.S. housing boom and subsequent bust [103], and Yale University economist Robert Shiller warned of possible home price declines of fifty percent.[104]
September 4: The Libor rate rises to its highest level since December 1998, at 6.7975%, above the Bank of England's 5.75% base rate.[105][106]
September 6: the Federal Reserve adds $31.25 billion in temporary reserves (loans) to the US money markets which has to be repaid in two weeks. [107]
September 7: US Labor Department announces that non-farm payrolls fell by 4,000 in August 2007, the first month of negative job growth since August 2003, due in large part to problems in the housing and credit markets.[108]
September 17: Former Fed Chairman Alan Greenspan said "we had a bubble in housing" [109] and warns of "large double digit declines" in home values "larger than most people expect."
September 18: The Fed lowers interest rates by half a point (0.5%) in an attempt to limit damage to the economy from the housing and credit crises.[110]
September 28: Television finance personality Jim Cramer warns Americans on The Today Show, "don't you dare buy a home—you'll lose money," causing a furor among Realtors. [111]
September 30: Affected by the spiraling mortgage and credit crises, Internet banking pioneer NetBank goes bankrupt [112], and the Swiss bank UBS announces that it lost US$690 million in the third quarter.[113]
October 5: Merrill Lynch announces a US$5.5 billion loss as a consequence of the subprime crisis, which is revised to $8.4 billion on October 24, a sum that credit rating firm Standard & Poor's called "startling". [114]
October 10: Hope Now Alliance is created by the US Government and private industry to help some sub-prime borrowers. [115]
October 15–17: A consortium of U.S. banks backed by the U.S. government announces a "super fund" of $100 billion to purchase mortgage-backed securities whose mark-to-market value plummeted in the subprime collapse.[116] Both Fed chairman Ben Bernanke and Treasury Secretary Hank Paulson express alarm about the dangers posed by the bursting housing bubble; Paulson says "the housing decline is still unfolding and I view it as the most significant risk to our economy. … The longer housing prices remain stagnant or fall, the greater the penalty to our future economic growth."[117]
October 31: Federal Reserve lowers the federal funds rate by 25 basis points to 4.5%.
November 1: Federal Reserve injects $41B into the money supply for banks to borrow at a low rate. The largest single expansion by the Fed since $50.35B on September 19, 2001.
November 15: Financial Accounting Standards Board "Fair Value Measurements" standards upgrade the quality of financial reporting through greater transparency. [118][119] However, this "mark-to-market" accounting may exaggerate the loss in value of an asset, as shown on balance sheets, and trigger a cascade of unnecessary financial losses. [120]
December 6: President Bush announces a plan to voluntarily and temporarily freeze the mortgages of a limited number of mortgage debtors holding adjustable rate mortgages (ARM). He also asked Members Of Congress to: 1. pass legislation to modernize the FHA. 2. temporarily reform the tax code to help homeowners refinance during this time of housing market stress. 3. pass funding to support mortgage counseling. 4. pass legislation to reform Government Sponsored Enterprises (GSEs) like Freddie Mac and Fannie Mae. [121].
December 24: A consortium of banks officially abandons the U.S. government-supported "super-SIV" mortgage crisis bail-out plan announced in mid-October,[122] citing a lack of demand for the risky mortgage products on which the plan was based, and widespread criticism that the fund was a flawed idea that would have been difficult to execute.[122]

SINCE HOUSING ALREADY FELL IN USA IN 2006, WHY DID THE STOCK MARKET KEEP ON GOING UP???
TO TRAP IDIOTS LAH AS STOCK MARKET EASIEST TO PUSH UP OR DOWN

SUBPRIME NEVER HAPPEN IN 2007 AUGUST ONLY..YOU LISTEN TO NEWS U SURE DIE BIG AND DONT KNOW WHY YOU DIE

CLOSE UP VIEW ABOVE

REMEMBER MY TIP---USE MM LEE AS THE REVERSE INDICATOR!!!
for those who just join my blog--i shall refresh your memory NEVER TO LISTEN TO NEWS..
u can see this research i have done for u all in my april 2009 archive.

so many idiots read papers, watch the useless 10pm news,and do the wrong things at the wrong time...when mm lee says golden era,some idiots came n tell me wonderful shitty targets--sti 5000, sti 8000???

then when mm lee is very downcast---many idiots came and tell me sti 1200, sti 800

THE FANCIFUL RANGE OF IDIOTS STI IS SO HUGE ??800 TO 8000???

CASE 1:idiots miss the boat,say sti 800

The reverse indicator works Again!!!"Full recovery at least 2 to 3 years away Or it could take up to six years; export model is still the best, says MM. -->Sat, Mar 21, 2009AsiaOne By Clarissa Oon

SINGAPORE will take two to three years to bounce back from the recession - and this is the optimistic scenario that assumes the United States recovers next year.The pessimistic forecast? Five to six years, according to Minister Mentor Lee Kuan Yew, who spoke last night at the launch of an alumni complex at the National University of Singapore (NUS).MM Lee, who has been saying that Singapore's recovery hinges on that of the US, believes that the American economy is 'fundamentally sound'. Its big companies such as General Motors and Chrysler are 'sound' despite their requests for further government aid.These are edited extracts from Minister Mentor Lee Kuan Yew's dialogue with the National University of Singapore Society:On Singapore's baby's dearth and import of foreigners:THIRTY-THREE per cent of Singapore men don't marry. I don't know why. They are happy with singlehood. They are happy with relationships. Relationships carry no burden. Is that good for society? I don't think so...Without new citizens and permanent residents, we are going to be the last of the Mohicans. We will disappear. Fortunately our standard of living and quality of life can attract people, but it creates problems for us.We get feedback: 'I go to the kopitiam and the fellow there doesn't speak English.' But if he wasn't doing the cleaning, and the owner hadn't brought in the cooks, that kopitiam would've gone out of business."WHAT WAS THE VALUE OF STI AT MARCH 20TH? as march 21st was a saturday...20-Mar-09STI close at 1,596.92NOW at april 11th??1828
Posted by trading guru at 10:43 PM 0 comments
Reactions:

CASE 2:SO MANY IDIOTS I KNOW JUMP IN AND BUY STOCKS--SAY STI 5000 TO 8000

Golden Period Man:the reverse indicator works..LOOK AT THE DATE... JUST BEFORE THE SUBPRIME... SO ACCURATE..


Singapore in a golden period, says MM Lee

FRAMED against a Saturday night Orchard Road crowd, Minister Mentor Lee Kuan Yew last night sketched a rosy picture of a more vibrant Singapore in five years' time - if it took full advantage of the opportunities now before it. -->Aaron LowSun, Jul 08, 2007The Straits Times

FRAMED against a Saturday night Orchard Road crowd, Minister Mentor Lee Kuan Yew last night sketched a rosy picture of a more vibrant Singapore in five years' time - if it took full advantage of the opportunities now before it.Investors from developed countries are pouring money into the region and Singapore is enjoying good economic growth and social development.Economic giant China is pulling in foreign investments of US$70 billion (S$106 billion) and India, US$10 billion a year. Foreign direct investments here have maintained at about S$6 billion to S$7 billion.The stock markets of some Asean countries have risen by an average of 48 per cent. Asian current accounts are running surpluses with reserves doubling since 2003 to US$2,500 billion.'If there are no wars or oil crises, this golden period can stretch out over many years,' he said.The key is having a good government which will get its policies right, to encourage economic growth.Singapore's economic growth this year will be around 5 per cent to 6 per cent - 'not bad' for a maturing economy with a per capita income of over US$25,000, he said at a Tanjong Pagar GRC event in Ngee Ann City's civic plaza.'Once you have growth, all problems can be managed. When you have no growth and you have unemployment and no jobs, then all problems become intractable,' he said.Mr Lee told the sizeable crowd, many of them younger Singaporeans, that they were luckier than him when he was a young man.'You got the best schools, technical colleges. Nobody is deprived of an education in Singapore and you can go abroad if you do well with bursaries and scholarships.''He had this message for those in their teens and early 20s: 'You're a generation that is especially blessed. You have ahead of you 10, 15, 20 years.'Singapore was able to push ahead when China and India adopted wrong economic policies. Although they have recovered and are growing strongly, Singapore is still ahead 'and our job is to stay ahead, and I believe we can'.Mr Lee said Singapore is in this enviable position today because it had taken 'painful and unpopular measures' after the 1997 Asian financial crisis to get the economy into shape.The data tells the story: some 9.7 million visitors came here last year; unemployment is at a low 2.9 per cent and 49,000 jobs were created between January and March.More important, he said, the Government has revised its vision of Singapore - to turn it into a city with a lively night life, a more liberal arts and entertainment scene, the building of the two integrated resorts and the introduction of Formula 1 racing here next year.'I believe you're going to see a transformation in Singapore. It'll be the most vibrant lively city in this part of the world. And I believe in the next five years, we'll see it evolve.'aaronl@sph.com.sg

CASE 3:SOME IDIOTS EVEN DARE ARGUE WITH ME THAT SUBPRIME STARTED IN OCT 2009(just added today,other than case 1 and case 2 which i said in april posts)
i shall refresh their memory that subprime started just less than one month after MM LEE SAYS SINGAPORE IN GOLDEN PERIOD

downloaded from wikipedia--timeframe of subprime--

August 2007: worldwide "credit crunch" as subprime mortgage backed securities are discovered in portfolios of banks and hedge funds around the world, from BNP Paribas to Bank of China. Many lenders stop offering home equity loans and "stated income" loans. Federal Reserve injects about $100 billion into the money supply for banks to borrow at a low rate.[citation needed]
August 6:American Home Mortgage Investment Corporation (AHMI) files Chapter 11 bankruptcy. The company expects to see up to a $60 million loss for the first quarter 2007[84].
August 7: Numerous quantitative long/short equity hedge funds suddenly begin experiencing unprecendented losses as a result of what is believed to be liquidations by some managers eager to access cash during the liquidity crisis. It highlights one of the first examples of the contagion effect of the subprime crisis spilling over into a radically different business area. [85].
August 8: Mortgage Guaranty Insurance Corporation (MGIC, Milwaukee, Wisconsin) announces it will discontinue its purchase of Radian Group [86] after suffering a billion-dollar loss[87] of its investment in Credit-Based Asset Servicing and Securitization (C-BASS, New York]).[88]
August 9: French investment bank BNP Paribas suspends three investment funds that invested in subprime mortgage debt[89], due to a "complete evaporation of liquidity" [90] in the market. The bank's announcement is the first of many credit-loss and write-down announcements by banks, mortgage lenders and other institutional investors, as subprime assets went bad, due to defaults by subprime mortgage payers.[91] This announcement compels the intervention of the European Central Bank, pumping 95 billion euros into the European banking market.[92][93]
August 10: Central banks coordinate efforts to increase liquidity for first time since the aftermath of the September 11, 2001 terrorist attacks. [94] The United States Federal Reserve (Fed) injects a combined 43 billion USD, the European Central Bank (ECB) 156 billion euros (214.6 billion USD), and the Bank of Japan 1 trillion Yen (8.4 billion USD). Smaller amounts come from the central banks of Australia, and Canada. [94]
August 14: Sentinel Management Group suspends redemptions for investors and sells off $312 million worth of assets; three days later Sentinel files for Chapter 11 bankruptcy protection. [95] US and European stock indices continue to fall. [96]
August 15: The stock of Countrywide Financial, which is the largest mortgage lender in the United States, falls around 13% on the New York Stock Exchange after Countrywide says foreclosures and mortgage delinquencies have risen to their highest levels since early 2002. [97]
August 16: Countrywide Financial Corporation, the biggest U.S. mortgage lender, narrowly avoids bankruptcy by taking out an emergency loan of $11 billion from a group of banks. [98]

THIS IS HOW IT ENDED ON FRIDAY,27TH NOV 2009
--look at how artificially the VIX is pushed up, compared to the falls in the stock market..
EXACTLY SAME AS OCT 30TH 2009---where vix is pushed up from 24.76 to 30.69 in ONE DAY-- oct 30th 2009,sp500 fell from 1066 to 1036 in a day--

THIS TECHNIQUE AS I TOLD BRO TOH CHWEE PENG EARLIER IN THE MORNING OVER THE PHONE IS CALLED RAMPING THE VIX UP TO ALLOW US STOCK MARKET MORE ROOM TO RISE...

i speak with evidence..it is the same bloody trick again..PUI!

MAJOR U.S. MARKET INDEXES

DOW
10309.92
-154.48
-1.48%
Dow Jones Industrial Average

S&P
1091.49
-19.14
-1.72%
S&P 500 Index


NAS
2138.44
-37.61
-1.73%
Nasdaq Composite


VIX
24.74
4.26
+20.8%
CBOE Volatility Index

i am going in 500K worth at the sixth time testing the resistance trendline--GODSEND MONEY COMING....if wrong, i will go in 1 million worth at the seventh time.
I WILL WHACK THIS BLOODY RESISTANCE TRENDLINE,or i will not call zack ong
GODSEND MONEY COMING!!!!!

MERCATOR TODAY 25TH NOV 2009 IS FORCED SELLING..
THOSE IDIOTS WHO WENT IN ON CONTRA ON 18TH NOV 2009 ARE FORCED TO SELL...
todAY YOU SHOULD BUY MERCATOR

THERE ARE A LOT MORE SECRETS OF THE STOCK MARKET I HAVE KEPT FOR MYSELF...

HAHAHAHA attend my lessons and i will share with you........

PLEASE DONT TELL ME NEWS..I CANT BE BOTHERED TO KNOW WHAT happenED

as i already know the FUTURE

I AM DAMN FRUSTRATED AT IDIOTS TELLING ME THAT SHANGHAI PLUNGE TODAY BECAUSE OF RATE HIKES...THESE IDIOTS NEVER LOOK AT CHARTS AND ANYHOW SHOOT OFF...oh please!!!!!!!
I SHALL RECAP SOME OUTDATED NEWS TO REFRESH YOUR MEMORY HOW USELESS NEWS CAN BE....

Chinese stock markets sink despite rate cut
Rowan Callick, China correspondent
From: The Australian
September 17, 2008 12:00AM
EVEN China's first interest rate cut in six years could not stop the country's share markets sinking yesterday in response to the despair on Wall Street.
The Shanghai stock exchange's benchmark index fell by 4.47 per cent, crashing past the 2000 points barrier to close at 1986.64.
The market is thus worth less than a third of its value at its peak in mid-October last year, when it reached 6395.76. This marks the most rapid decline of any major market, even in such an internationally gloomy year.
The People's Bank of China, the central bank, had signalled on Monday evening -- the day was a public holiday in the Chinese world, for the Mid Autumn Festival -- a new priority: stimulating growth.
Fighting inflation -- which reached 8.7 per cent in February -- and "overheating" had been its previous focus, as it increased interest rates six times in 2007.
But the PBOC cut its benchmark interest rate by 27 basis points on Monday to help stimulate the economy, to 7.2 per cent, and also cut financial institutions' reserve ratio requirement by one percentage point to 16.5 per cent from September 25 -- although this will not apply to the "pillar banks" that dominate the market.
It had increased the reserve ratio five times earlier this year, as part of the monetary strategy to rein in what the Government had viewed as excessive investment.
Now, however, overall economic growth is slowing more than Beijing would like -- from 11.9 per cent in 2007 to 10.6 per cent in the first quarter of 2008, to 10.1 per cent in the second quarter.
And inflation now appears more contained -- the consumer price index rose by just 4.9 per cent in August.
Goldman Sachs commented on Monday night's monetary moves: "We see these adjustments as a positive step, given the unprecedented uncertainties in the international financial markets and rising downside risks in the domestic economy, in particular the real estate sector."
But Jing Ulrich, JPMorgan's chairman, China Equities, said: "Monday's asymmetric rate cuts -- the one-year lending rate was cut, while deposit rates were left unchanged -- sparked investor concern about the impact of narrower interest margins on the earnings outlook for Chinese banks."
Shi Lei, a Bank of China analyst in Beijing, told Reuters that the central bank shift was "mainly a signal for the stock market", with the 2000 points barrier "a key level where authorities feel they need to come in and help the market".
If that was indeed the prime motive, it didn't work. And there is no guarantee that the bottom has been reached yet.
The Hang Seng Index in Hong Kong also plunged yesterday, to its lowest level in nearly two years. But China's authorities retain control over the exchange rate, and the yuan is expected to be kept stable this week, in part to deter speculation that might arise from the changes in the bank settings.
Worryingly for Australia, commodities are also suffering as China catches the depressed international mood. Copper and aluminium each fell in Shanghai yesterday by their full 4 per cent daily limit.
Energy companies, important economic partners for Australia, have been suffering -- though falls in commodity prices should help them, especially since they suffer from government-imposed price caps on the other end.
The share price in Hong Kong of Chinese giant Shenhua Energy fell 12 per cent yesterday. And Huaneng Group, China's biggest power generating corporation, said yesterday that it was losing money despite two government-sanctioned tariff rises, by a total of 10 per cent, in the past two months. This is principally due to price rises for coal, which fuels about 80 per cent of China's electricity.

WHO SAYS THE STOCK MARKET MUST GO UP BECAUSE OF RATE CUTS?
WHO SAYS THE STOCK MARKET MUST GO DOWN BECAUSE OF RATE RISES?


Stocks up despite interest rate rise
Thursday,August 23,2007 Posted: 22:18 BJT(18 GMT)
From:Chinaview Article type:Reproduced
BEIJING, Aug. 23 -- The Shanghai stock market edged up yesterday despite the unexpected announcement of an interest rate hike by the central bank late on Tuesday. The People's Bank of China raised the one-year benchmark deposit rate by 27 basis points to 3.6 percent and the one-year lending rate by 18 basis points to 7.02 percent, effective from yesterday. Analysts said the rate rise will not have a negative impact on the stock market, which has plentiful liquidity. China still faces the problem of liquidity inflows, backed by the expectation of currency appreciation, which was further strengthened by the narrowing of the interest rate between the United States and China. The Shanghai Composite Index climbed 0.5 percent to close at 4980.07, yet another new high, with 555 out of 901 stocks closing higher. Turnover on the Shanghai bourse amounted to 162.2 billion yuan. The smaller Shenzhen Composite Index jumped by 1.68 percent to close at 1398.37, led by large-cap stocks. Meanwhile, the CSI 300, the underlying indicator of the upcoming index futures, surged 1.59 percent to break through the key barrier of 5000 points yesterday, closing at 5051.69. The CSI 300 medical index has surged the most, 193.49 percent, since the beginning of this year, followed by the CSI 300 raw materials index's jump of 185.06 percent, according to China Securities Index Co Ltd. Financial and real estate stocks contributed 28.93 percent of the CSI 300 index. "Plentiful liquidity is continuing to drive up the stock market. A small adjustment to the interest rate may not be able to solve the problem of excessive investment and liquidity in China's economy," an Orient Securities report said. "The negative interest rate may continue to lure investors to move money to the stock market. Blue-chip stocks, which were largely held by mutual funds, are expected to go up," said the report. Lin Wenjun, chief economist at Fullgoal Fund Management Co Ltd, said: "We are still positive about the A-share market, and the interest rate rise won't change our investment portfolio." Wu Feng, an analyst at TX Investment Consulting Co Ltd, said yesterday that the stock market may be volatile at 5000 points, a mark set by many institutional investors as a target point. "It is obvious that the stock market is rising at a slower pace and will be more volatile when it approaches 5000 points," he said. Stocks in the alcohol and travel sectors performed well. Wuliangye Group, China's largest liquor producer, jumped 9.76 percent to close at 35.98 yuan. Beijing Capital Co Ltd jumped to the daily limit to close at 15.17 yuan while Shenzhen Century Plaza also surged 10 percent

i think that idiots must have forgotten past news.today, so many people tell me that shanghai plunge today BECAUSE of interest rates rise..
WHAT A JOKE!!!
HAVE NOT IDIOTS LEARNT ENOUGH FROM THE STOCK MARKET NEVER TO TRUST NEWS?

SHANGHAI COMPOSITE IS A FORE RUNNER OF THE WORLD MARKETS--

there will be an impending correction of about 20 pc when --

1. the rising wedge distance to the CONVERGING point lies 3 to 4 months from NOW,nov 21 2009--JAN/FEB 2010

2. shanghai experienced a 25 percent drop in august 2009,add a 5months (october 2008- shanghai bottom,march 2009-us mkt bottom) yield JANUARY 2010

THIS IS CALLED TIAN SHI DI LI....

TIMING AND TARGET BOTH ACHIEVED--EUREKA!!

I SAW A VERY CLEAR PICTURE NOW...................................

PREDICTION SAID ON NOV 21ST 2009

EVERYTHING COINCIDES---

1.RISING WEDGE NARROWS AT 1240

2.INVERTED HEAD AND SHOULDERS BROKEN in july 2009

TARGET calculated earlier-- 1248

3. fibonnacci at 1228

4. 2ND LEG UP TARGET ALSO CALCULATED IN MY EARLIER POSTS,--ALSO 1248

WATCH OUT FOR 1230 TO 1248--SHORT BIG TIME at 1250+

PREDICTED ON 21ST NOV 2009

DJ TAKING STOCK: Solid Singapore IPO Market Overlooked (2009/11/20 16:51PM)

By Kirsty Green
A Dow Jones Newswires Column
SINGAPORE (Dow Jones)--Given Singapore''s recent track record on initial public offerings, it seems a little odd that some local companies are turning to the Hong Kong market to try and unlock value.
While the Singapore market may lack the glamour of its regional rivals, when it comes to IPOs, it''s no lame duck. In the last three months, Singapore has seen every single IPO rise on its debut.
That''s a record to turn major regional rival Hong Kong green with envy. Yet Singapore companies still turn to Hong Kong in the hope of injecting a little fizz into their share prices.
But they may find it is a trickier affair these days. Take palm oil giant Wilmar, whose planned Hong Kong IPO of its China business has been stalled for months while the company monitors stock market conditions.
In contrast, property developer CapitaLand''s decision to float its shopping malls unit, CapitaMalls Asia, in Singapore looks shrewd. The Singapore market appears to have had no problem absorbing what will be its largest IPO in over a decade. In fact, the market has lapped it up.
The CapitaMalls Asia IPO, which will raise up to S$2.8 billion, was quick to come to market, priced near the midpoint of the planned range and was upsized amid strong demand from institutional investors. All the signs are that the IPO will be another Singapore success story with trading in the stock due to start on November 25.
The business that Wilmar plans to float is a China one, so it could be argued it makes geographical sense to list in Hong Kong. But the majority of CapitaMalls Asia''s shopping malls are also in China, so it too could perhaps have gone down the Hong Kong route. In hindsight, its decision not to looks a wise one.
It''s fair to say that Singapore has less IPO issuance to absorb than Hong Kong, which can help a company attract more interest for its offering. There are also simply fewer companies listed in Singapore, so a new entrant can frame itself as a unique play.
Analysts say that this means Hong Kong investors are a little more choosy compared with their Singapore counterparts. And Singapore investors also tend to be less cynical and trust that IPOs will be attractively priced.

my own comments--(remember chartered semiCON??)

Singapore''s receptive investors are nothing new. In the first three months of this year, when rights issues rather than IPOs were all the rage, the Singapore market digested over US$3 billion worth of rights issues, according to Dealogic. That was two-thirds of the entire equity issuance in the Asia ex-Japan region.
With Singapore''s quietly buzzing IPO market, maybe local companies should look on their own doorstep first when they want to tap the market.
(Kirsty Green covers Singapore''s stock market for Dow Jones Newswires. Previously based in London, she spent four years as an equity research analyst at JPMorgan and HSBC. She can be reached on 65 6415 4158 or by email at kirsty.green@dowjones.com)
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(END) Dow Jones Newswires
November 20, 2009 03:51 ET (08:51 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc.

NOW YANLORD CHARTS

MAY 18TH YANLORD CHARTS

look at my post at may 18th 2009--yanlord..DIDNT IT HappeN?

sideways consolidation??

who are the idiots who bought at 2.89 dollars?