The Morning After
STI, after a stunning sell off (-115.95 point or 3.26%) we are witnessing a strong rebound (+50 point or about 1.5%) One must be asking, Bear Trap or clear skies ahead. I am uncertain as well but here are my thoughts.
1.) Banks and Financial Institution with sub-prime exposure slowly coming out. Latest being Bear Stearns (3 for BS), HSBC, Macquarie. More to come?
2.) One lender is US lost 90% of its market cap as it sitting on possible bankruptcy. 1st of many?
3.) Many people say that SG is not exposed to sub-prime but do they know it for a fact? Nobody likes to hang out their losses. I maybe paranoid but I believe "there is no smoke without fire"
There are many bulls and bears in the market, which is good. The sanity check will give most of us some perspective. I am light on my portfolio, for a small time investor/trader I prefer to wait for clearer direction before stepping into the colosseum to wrestle the might market lions.
1.) Banks and Financial Institution with sub-prime exposure slowly coming out. Latest being Bear Stearns (3 for BS), HSBC, Macquarie. More to come?
2.) One lender is US lost 90% of its market cap as it sitting on possible bankruptcy. 1st of many?
3.) Many people say that SG is not exposed to sub-prime but do they know it for a fact? Nobody likes to hang out their losses. I maybe paranoid but I believe "there is no smoke without fire"
There are many bulls and bears in the market, which is good. The sanity check will give most of us some perspective. I am light on my portfolio, for a small time investor/trader I prefer to wait for clearer direction before stepping into the colosseum to wrestle the might market lions.
posted by sacredmarket @ 8/02/2007 09:07:00 AM
3 Comments:
At 6/8/07 16:30 ,
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