Market Rant

20 day EMA and support trend line at 2774, if Wall Street Futures is anything to go by (SGT 2207hrs) it is going to blood shed again. Today's 53 pts drop I think is healthy.

One of my Investor/Trader friend said this "if Dow breach 12000 and close below that, we might be in for a rough ride. If it bounce of 12000, we might see a stronger push up for this Bull Rally" He also highlighted that he will be cherry picking some value stocks for the coming months if things don't look too rosy.

All in all 3 to 5% correction is good for the index. What amaze me is the Hang Seng, I think it went for sky diving and forget to bring the chutes! haha.......

With Hong Know now cover in smog and the talk of IB, HF, FM moving out and it be relegated as a Financial Hub, it is damn good news for Singapore. I think we could be in a very good position to take on this role. I have little knowledge in Strategic Studies or Big Picture or any of that mambo jumbo but if we "get" this role to be the leading Financial Hub outside Tokyo. It will do wonders for the SG economy. This first thought that come to my mind, CityDev at $20, CapLand at $10, SGX at $10........drooolllllllll so much potential liquidity and investment coming in. Of course for the man in the street, more and better jobs if you are in the industry.