The bears den

coolhead

coolhead

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Holy crap...while RMB is busily devaluing, on USD side dxy has dropped 0.4(0.41%). The devaluation on both sides really fast and furious.

Sent from HMD Global TA-1004 using GAGT
 
S

Shiny Things

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churnmaster said:
Guys, any views on AUD/SGD ? Its currently in the 0.93-0.94 range and am getting tempted to buy some but not sure where to deploy the AUD. I dont want to buy any Australian property, so it has to be in some other asset.
Click to expand...

I guess I'd ask a couple of questions:

1) Why do you need AUD in the first place? If you don't need it for a specific reason, why bother buying it?

2) What's your holding period?

---

The default answer is usually going to be "just stick it in govvy bonds". But really, the miserable yields on Aussie govvies (1% in the 10-year!) mean that it's not worth taking the FX risk: that's actually less than you'd earn just leaving the money in the bank in Singapore.
 
P

peacefulday

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littleredboy said:
I still believe this is a bull market. There are no significant catalysts to trigger a meltdown or crisis. All these uncertainties, fears, tweets etc sending panic selling/buying are self-fulfilling prophecies. The moment Trump send a tweet about trade war, the market goes crazy and are, well, momentary panic reactions. You still see stocks breaking out, surprise earnings, plants developing etc.

But of course, I love all these fears and uncertainties, the more the better, the more opportunities there are.
Click to expand...

do not against the force :o
 
C

chrisloh65

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The superrich are selling stocks, buying properties and keeping cash ready
By Shawn Langlois
Published: Aug 5, 2019 6:35 a.m. ET
 
D

DukeCS33

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chrisloh65 said:
The superrich are selling stocks, buying properties and keeping cash ready
By Shawn Langlois
Published: Aug 5, 2019 6:35 a.m. ET
Click to expand...

This is what I am hearing from the private bankers as well. Cash level has gone up by a large %
 
revhappy

revhappy

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HSI futures, wow!

RUP1aW0.jpg
 
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