Bear 1-0 Bull

Oh, Wat a goal! Dow dropped a hefty 367 pts last nite! That's the third largest drop this year in "celebration" of the 20 years anniversary of the Black monday( 19th Oct 1987). It broke the major support at 13600 with high volume which signifies that it may not end so soon. However, there should be a small technical rebound b4 it goes further down. It should provide the oppportunity for some investors to cut some loss. Nevertheless, I dun expect a correction as deep as the one in August. Keep ur seatbelt on! The match is not over yet!

Bull and Bear stories!

Bull stories
~ Yahoo and Intel report excellence 3rd quarter results last night
~ Many stocks dropped with low volume signify the strength of bear is not strong
~ India BSE SENSEX recovered from -1700++ pts to end at -300++ pts today
~ HK Hang Seng revovered from -500 pts to end at +300 pts today
~ Beijing Olympics coming in 2008
~ Historically, there is no recession during president election year and it is held in 2008
~ Capricorn effect is around the corner

Bear stories
~ Oil price: Hefty US$88!!
~ We are 2 days away from 19th Oct 1987 market crash anniversary
~ Ding Xie's effect with his drama going to be shown on Thurs nite
~ The last 5 trading days of Dow Jones shows weakness with lower high and lower low(See chart: note that the candle sticks on 10th and 11th Oct can be combined to form a bigger black candle)
~ Shanghai SSE index unable to close +ve today
~ Market crashes consecutively on Oct 1987 and Oct 1997
~ Citibank reported lower earnings due to subprime effect?

Which side of the story do u buy?

Marriage VS investment joke!

Beauty said: Okay, I’m tired of beating around the bush. I’m a beautiful (spectacularly beautiful) 25 year old girl. I’m articulate and classy. I’m not from New York . I’m looking to get married to a guy who makes at least half a million a year. I know how that sounds, but keep in mind that a million a year is middle class in New York City, so I don’t think I’m overreaching at all Please hold your insults - I’m putting myself out there in an honest way. Most beautiful women are superficial; at least I’m being up front about it. I wouldn’t be searching for these kind of guys if I wasn’t able to match them - in looks, culture, sophistication, and keeping a nice home and hearth.

Anonymous replied: Firstly, I’m not wasting your time, I qualify as a guy who fits your bill; that is I make more than $500K per year. That said here’s how I see it. Your offer, from the prospective of a guy like me, is plain and simple a crappy business deal. Here’s why. Cutting through all the B.S., what you suggest is a simple trade: you bring your looks to the party and I bring my money. Fine, simple. But here’s the rub, your looks will fade and my money will likely continue into perpetuity…in fact, it is very likely that my income increases but it is an absolute certainty that you won’t be getting any more beautiful! So, in economic terms you are a depreciating asset and I am an earning asset. Not only are you a depreciating asset, your depreciation accelerates! Let me explain, you’re 25 now and will likely stay pretty hot for the next 5 years, but less so each year. Then the fade begins in earnest. By 35 stick a fork in you! So in Wall Street terms, we would call you a trading position, not a buy and hold…hence the rub…marriage. It doesn’t make good business sense to “buy you” (which is what you’re asking) so I’d rather lease. In case you think I’m being cruel, I would say the following. If my money were to go away, so would you, so when your beauty fades I need an out. It’s as simple as that. So a deal that makes sense is dating, not marriage.

SPH, SGX AND FTSE ANNOUNCE CONSTITUENTS OF THE REVAMPED STRAITS TIMES INDEX AND NEW FTSE ST INDEX SERIES

Revamped STI starting constituents for 8 October 2007 (30 constituents)
CAPITALAND
CAPITAMALL TRUST
CITY DEVELOPMENTS
COSCO CORP SINGAPORE
DBS GROUP HOLDINGS
FRASER AND NEAVE
GENTING INTERNATIONAL
HONG KONG LAND
JARDINE CYCLE & CARRIAGE
JARDINE STRATEGIC
KEPPEL CORP
KEPPEL LAND
NEPTUNE ORIENT LINES
NOBLE GROUP
OLAM INTERNATIONAL
OVERSEAS CHINESE BANKING
SEMBCORP INDUSTRIES
SEMBCORP MARINE
SIA ENGINEERING
SINGAPORE AIRLINES
SINGAPORE EXCHANGE
SINGAPORE PRESS HOLDINGS
SINGAPORE TECHNOLOGIES ENGINEERING
SINGAPORE TELECOM
STARHUB
THAI BEVERAGE
UNITED OVERSEAS BANK
WILMAR INTERNATIONAL
YANGZIJIANG SHIPBLDG HLDGS
YANLORD LAND GROUP

FTSE ST China Index starting constituents for 8 October 07 (50 constituents)
ASIA DEKOR HOLDINGS
CHINA XLX FERTILISER .
ASIA ENVIRONMENT HOLDINGS
CHINA YUANBANG PROP HLDGS
ASIAPHARM GROUP
CHT (HOLDINGS) .
BIO-TREAT TECHNOLOGY
COSCO CORPORATION (S)
BRIGHT WORLD PRECISION MAC
DELONG HOLDINGS
C & O PHARM TECH (HLDGS)
EPURE INTERNATIONAL
C&G INDUSTRIAL HOLDINGS
FIBRECHEM TECHNOLOGIES
CELESTIAL NUTRIFOODS
FULL APEX (HOLDINGS)
CHINA ANGEL FOOD
GUANGZHAO IND FOREST BIOGRP
CHINA AVIATION OIL(S) CORP
HONGGUO INTL HOLDINGS
CHINA DAIRY GROUP
JIUTIAN CHEMICAL GROUP
CHINA ENERGY
LONGCHEER HOLDINGS
CHINA ESSENCE GROUP
LUZHOU BIO-CHEM TECHNOLOGY
CHINA FARM EQUIPMENT
MEMTECH INTERNATIONAL
CHINA FLEXIBLE PACK HLDG
MIDSOUTH HOLDINGS
CHINA HONGXING SPORTS
OUHUA ENERGY HOLDINGS
CHINA KANGDA FOOD COMPANY
R H ENERGY
CHINA LIFESTYLE F&B GROUP
SHANGHAI ASIA HOLDINGS
CHINA MERCHANTS HLDGS(PACIFIC)
SIHUAN PHARMA HLDGS GROUP
CHINA MILK PRODUCTS GROUP
SINO TECHFIBRE
CHINA SKY CHEM FIBRE CO
SINO-ENVIRONMENT TECH GRP
CHINA SPORTS INTL
SUNSHINE HOLDINGS
CHINA SUN BIOCHEM TECH GP CO.
SUNVIC CHEMICAL HOLDINGS
CHINA SUNSINE CHEM HLDGS
SYNEAR FOOD HOLDINGS
CHINA WHEEL HOLDINGS
YANGZIJIANG SHIPBLDG HLDGS