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STI Down 70 points

johnny333

Alfrescian (Inf)
Asset
Bad economy will cause chao kiasee sinkies to vote for Pap


In Spore it is very simple. Everything is controlled by a single party.If things go wrong in Spore we can only blame one world class party.

Eventually everyone will wake up. Hopefully there is something left to salvage from the ruins.
 

Cerebral

Alfrescian (InfP) [Comp]
Generous Asset
Had not seen suckhfree fall since the Asian Financial Crisis, when my "blue chips" & what ever "chips" became , "tapioca chips"....& took an extremely hard knock....nearly lost my pants...nearly!!.

Today's drop could be a knee jerk to Yuan's correction. With the 1.9% announced yesterday, people are worried that Global economy is not doing as well as what is painted. Usually in such sell-downs, it is selling through emotions and chances of a rebound next few days quite likely.
 

TracyTan866

Alfrescian (Inf)
Asset
haha...that's the impact of the dragon, CHINA! they cut their Yuan and now it has depreciate more than 2% against most currencies. most importantly, i made some.

SG's economy is not doing well too. Just visit the shopping malls and you see the pathetic state of SG's economy. Don't believe what the pap said abt economy growing by 1.8%. Speak to the retailers
 

TracyTan866

Alfrescian (Inf)
Asset
Pap MPs are one of the biggest owners of Spore shares. They must have gotten them free as board members. With some MPs leaving or being kicked out, maybe they are selling their shares. :confused:

They might be preparing to run road. If PAP loses their majority, it is going to be uncomfortable place for the PAP.

They are well off. No need to sell their shares
 

Unrepented

Alfrescian
Loyal
It was already known that it will be getting worse, that's why must hold election asap:wink:

If election held later, it will show that the incumbent is also helpless and can't do anything about it:( Then the support will be even worse.:o

not good for the pap that STI is down so much
 

TracyTan866

Alfrescian (Inf)
Asset
Had not seen suckhfree fall since the Asian Financial Crisis, when my "blue chips" & what ever "chips" became , "tapioca chips"....& took an extremely hard knock....nearly lost my pants...nearly!!.

This fall has been predicted quite a while ago. Finally it came.

Likewise PAP's demise is also imminent
 

TracyTan866

Alfrescian (Inf)
Asset
But when the government invest greedily the 60% of the population are not even fearful, they must have stout hearts & Warren Buffet, have not met the 60% of the Singapore population or he would have eaten his words & committed harakiri!

60% lost and gone?
 

TracyTan866

Alfrescian (Inf)
Asset
Only the peasants are worried about whether their beloved gor pio goes up or down.

The elite rich still make their money while the lesser mortals get burnt at the financial casino. :cool:

the peasants are the critical mass that keep the world going
 

TracyTan866

Alfrescian (Inf)
Asset
The best time to make money is when the stock market, the property market is down....if you have very deep pockets. At the moment I have no holdings, all sold long before the market started going south, collected good dividends plus profits after prices had increased....now slowly beginning to 'look like a vulture'...... maybe picking up 'good dead bodies"....in the market.

You are in a healthy position to pick up good shares. Congratulations
 
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