financial armageddon 2014

[guowei]

My take is it won't go all the way up and there will be a drop soon. Those who bought would want to look for an exit soon. Don't be greedy. Weekly support is at 0.8330 so I will be cautious these 2 months.

I stacking NZD, the price dont really matter to me. I believe NZD would outpace our SGD in term of growth.

Essentially, SGD would drop infinity against major currency while NZD would go up or at least stable. We are holding on to junk paper sia, better convert to real asset ba

 

[focus1974]

I stacking NZD, the price dont really matter to me. I believe NZD would outpace our SGD in term of growth.

Essentially, SGD would drop infinity against major currency while NZD would go up or at least stable. We are holding on to junk paper sia, better convert to real asset ba

Guowei,

How did you arrive at the conclusion SGD will drop infinity against major currency?

Care to share.

Give us your views of AUD versus SGD , HKD versus SGD and USD versus SGD when you have time.

 

[Knight_Rider]

I stacking NZD, the price dont really matter to me. I believe NZD would outpace our SGD in term of growth.

Essentially, SGD would drop infinity against major currency while NZD would go up or at least stable. We are holding on to junk paper sia, better convert to real asset ba

Kiwi is dropping as I speak. Hope you guys on short term exited. Those stacking ones can buy some more.

 

[guowei]

Guowei,

How did you arrive at the conclusion SGD will drop infinity against major currency?

Care to share.

Give us your views of AUD versus SGD , HKD versus SGD and USD versus SGD when you have time.

1. property cool down

2. GPD drop

3. high failing SME ( due to fw shortage?) <- including reduce foreign investors due to lack of cheap worker

4. FW shortage

5. brain drain, high migration rate(top 10 wor)

6. our current trade balance seem to be dropping too...

interestingly we are consider a safe heaven for nearby countries due to our low crime rate and stable government.

 

[bakuten]

1. property cool down

2. GPD drop

3. high failing SME ( due to fw shortage?) <- including reduce foreign investors due to lack of cheap worker

4. FW shortage

5. brain drain, high migration rate(top 10 wor)

6. our current trade balance seem to be dropping too...

interestingly we are consider a safe heaven for nearby countries due to our low crime rate and stable government.

last time i read some rumours that about 20% of the world's gold reserves are held in storage in Sinkieland....thats... 170,000 tonnes x 0.48(non jewellery) x 0.2= 16,000 plus minus tonnes....we do not own them....its just stored here on our land.

dunno how true(its just rumours) but maybe that's why we remain a vital cog in the world despite our tiny status.

maybe thats why we die die must serve.....need security guards to guard the gold ma...

 

[Shiny Things]

I stacking NZD, the price dont really matter to me. I believe NZD would outpace our SGD in term of growth.

Essentially, SGD would drop infinity against major currency while NZD would go up or at least stable. We are holding on to junk paper sia, better convert to real asset ba

You're not worried that the RBNZ has come out and explicitly said the NZD is too high?

 

[Knight_Rider]

Week chart says 0.8460 I'll send my scouts.
Month chart says 0.7990 I'll sent my whole army. What is there to be worried? The charts so far very obedient. When I say up it goes up, when I say down it comes down. Kiwi still bullish I'll still keep my long term buy from 0.85 down.

 

[chopra]

we all know a correction is coming.

you didnt ask him within which time frame?

As always, be reactive.

 

[guowei]

You're not worried that the RBNZ has come out and explicitly said the NZD is too high?

worry for what sia, everyone say their currency is high.

I only worry when NZ start their own QE ba.

I prefer currency that is back by cows rather than unknown basket of currency that can only move by 2% by some unknown law which was never disclosed.

 

[zuoom]

It's here early.

 

[Knight_Rider]

You're not worried that the RBNZ has come out and explicitly said the NZD is too high?

I would very much like to learn stock trading from you but then again it's not my cup of tea. But if you think one cannot get rich by forex then I think it's a matter of preference. Different people suit different instrument. It's not what you trade it's how you trade. So I'll stick to what I'm comfortable with as I can sell when high and buy when low and they pay me about $2K swap each lot per year for carry trade. Stocks I can't have that privilege.

 

[Knight_Rider]

Guowei,

How did you arrive at the conclusion SGD will drop infinity against major currency?

Care to share.

Give us your views of AUD versus SGD , HKD versus SGD and USD versus SGD when you have time.

When mata wear shorts a house is $30K.
Now a house is $3 million
Your grandchildren might need to pay about wad $30 million for a house?
You don't really need a PHD to come to a conclusion.

 

[focus1974]

When mata wear shorts a house is $30K.
Now a house is $3 million
Your grandchildren might need to pay about wad $30 million for a house?
You don't really need a PHD to come to a conclusion.

You got out of the wrong side of bed today ah..

you can give your views but don't have to demean people .

 

[Knight_Rider]

You got out of the wrong side of bed today ah..

you can give your views but don't have to demean people .

Well you and me are screwed anyway.

 

[hindsight]

Dow and DAX now negative for the year, fund managers who are/were vested in these overvalued markets must be feeling miserable now, they will likely scramble to exit, exacerbating the selloff. I'd think thrice about buying those dips.

 

[Knight_Rider]

When QE tapered they have already exited. That's why you dun see much liquidity now. Buy on dips well the hammered ones are ok. They probably have exited Asia to invest back into theirs which are on a discount.

 

[guowei]

Dow and DAX now negative for the year, fund managers who are/were vested in these overvalued markets must be feeling miserable now, they will likely scramble to exit, exacerbating the selloff. I'd think thrice about buying those dips.

buy low sell high? waiting for our SGX to drop below 3000, maybe buy 1 lot of singtel and hold forever

 

[hindsight]

And the carnage continues. DAX down another 2% today, lost 4% in 2 days. Now in deep negative territory for the year. S&P500 still up a measly 3.5%, but I think that won't last for very long.

 

[Knight_Rider]

Week chart says 0.8460 I'll send my scouts.
Month chart says 0.7990 I'll sent my whole army. What is there to be worried? The charts so far very obedient. When I say up it goes up, when I say down it comes down. Kiwi still bullish I'll still keep my long term buy from 0.85 down.

Scouts went out and the advance party came back with 50 pips. Nice.

 

[hindsight]

And the carnage continues. DAX down another 2% today, lost 4% in 2 days. Now in deep negative territory for the year. S&P500 still up a measly 3.5%, but I think that won't last for very long.

DAX down again today, can't stop the puking.