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  #1  
Old 01-Jun-2013, 07:04 AM
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  #2  
Old 01-Jun-2013, 07:08 AM
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I am No 1
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  #3  
Old 01-Jun-2013, 07:13 AM
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Old 01-Jun-2013, 07:18 AM
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Me No 3
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Old 01-Jun-2013, 07:29 AM
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Me No 3
My Honey Moon......
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  #6  
Old 01-Jun-2013, 07:35 AM
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They’re narcissistic. Apathetic. Pampered. And addicted to their four-inch screens.

If you believe the conventional wisdom about the millennial generation — those 16 to 34 years of age, by most calculations — you’ve got considerable reason to worry about the future of the U.S. economy. Millennials show far less interest in buying cars, homes and other big-ticket items than their parents did at the same age, which has generated an intense effort among companies that produce those things to crack the code of these crazy kids and figure out how to sell them stuff.


But the millennials may not be as mystifying as an army of sociologists makes them out to be. “Every generation eventually sheds their most extreme characteristics,” says Jason Dorsey of the Center for Generational Kinetics, a consulting firm in Austin, Texas. “What is different about millennials is delayed adulthood. They’re entering into many adult decisions later than ever before.” And the reason may be fairly straightforward: They don’t have much money. Not yet, anyway.

[See related: Why More Families Are Shunning Cars]

One of the biggest mysteries of millennials is why they seem to have little interest in cars, which have been an irresistible source of freedom and mobility for young people since the interstate highway system opened the whole country to Chevys and Mercurys in the 1950s. Yet millennials seem to scoff at the open road. The percentage of 16-to-24-year-olds with a driver’s license has dropped sharply since 1997, and is now below 70% for the first time since 1963. “Millennials are demonstrating significantly different lifestyle and transportation preferences than older generations,” declared a recent report by the U.S. Public Interest Group. Overall, it concluded, “the driving boom is over.”

Smartphone: The new starter car?

One common theory is that the smartphone is the new starter car, with social networks providing new kinds of freedoms for young people, and new ways of connecting with friends. Yet millennials, as a whole, are also buying homes later than prior generations, having children later and delaying their careers. It’s as if America’s youth are rejecting social conventions that generations have held in common for decades.

At a recent panel discussion on millennials sponsored by Ford Motor Co. (F) in New York City, a fairly mundane explanation surfaced: This generation simply faces a far tougher economy than their elders tend to realize, which has made it much harder to reach traditional life and career milestones. “We attract a ton of millennials,” said David Rabkin of American Express (AXP). “But we aren’t able to approve them for a lot of products that we have. Young people who once graduated from school and would go into a traditional corporate job now might move back in with their parents.”

There’s plenty of evidence that younger workers may face the most difficult economy since the Great Depression. The national unemployment rate is 7.5%, but it’s 16.1% for 16-to-24-year-olds. Many baby boomers are working longer, to rebuild wealth lost during the recent recession, which has pushed the retirement age to the highest level in more than two decades. That has reduced turnover in the labor force, further limiting openings for younger workers in an already challenging job market.


Many young people have done what they’ve been told to do and gone to college, since education remains an important pathway to success. But many are graduating with heavy student-debt burdens and finding they can’t get jobs that pay enough to make the hefty payments on those loans. A recent study by the Federal Reserve Bank of New York found that high student-debt loads may be one of the biggest reasons young people buy fewer cars, homes and other appurtenances of modern life.

There are a few other reasons younger people may not be embracing cars the way their freewheeling parents did. Insurance premiums for young drivers can be exorbitant these days. With more focus on safety, a lot of parents don’t want their teenage kids behind the wheel and they’re quite happy to delay "driving day." And more Americans of all ages are moving closer to cities, which cuts down on the need for a car.

Once millennials find their financial footing, however, they might just turn into materialistic spenders who love cars and other costly things — just like their parents.

“Millennials are not going to buy cars? That’s hogwash,” Dorsey said at the Ford panel. “You’re going to see those big purchases starting to happen but they’re just not there yet.” Maybe living with their parents and saving money is just what millennials need to do to become the powerhouse purchasers of the future.
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Listen only to Mr Market
Trade with TA and invest with FA
Don't hate a stock and never fall in love with a stock

It is not when u buy that matters but when u sell that counts
Taking profits is not a sin, but it is a cardinal sin to allow profits to turn into a loss

XFactor Trading Aims and Rules Trading Acroynms
  #7  
Old 01-Jun-2013, 08:18 AM
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May is finally over
  #8  
Old 01-Jun-2013, 08:46 AM
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Are REITs now a bargain?
By Joan Ng

Regional markets continued their slide today on the back of worries about the tapering off of quantitative easing in the US. The Straits Times Index fell 0.7% to close at 3,311.4 points. Meanwhile, the MSCI Asia Pacific Index is headed for its second weekly drop. In fact, the regional benchmark is down 4.8% for the month of May – its first monthly decline since October, according to data compiled by Bloomberg.

Shane Oliver, head of investment strategy at AMP Capital, thinks the share market correction could still continue. But Oliver isn’t overly pessimistic about the decline. “It’s worth noting that the global volatility of the last few weeks has a radically different feel to that seen in each of the last three years,” says Oliver. “This time around there hasn’t been a peep out of Europe and more importantly bond yields have gone up rather than down.”

At its core, Oliver says, the present stock market volatility is about the US Federal Reserve getting close to achieving its aim of getting the US economy back on to a stronger footing. As the authorities try to decide when the US economy can start to be taken off life support, investors are trying to figure out what this will mean in terms of bond yields and high-yield share plays that have benefitted from low bond yields.

“But it’s a far better problem to have than the risk of a return to global recession that hung over investors in the past few years. As a result, we remain of the view that recent volatility is a correction that will give way to a resumption of the rising trend in share markets,” Oliver adds.

Will there be a 1994-style bond crash? Oliver doesn’t think so as “growth is still a long way from booming, spare capacity remains immense, bank lending is still subdued and inflation is low.” He also thinks the market correction will be mild, in the region of 5% to 10%, rather than the 15% to 20% falls seen in 2010 and 2011. “Shares are far from expensive, monetary conditions are likely to remain very easy with interest rate hikes a long way off, and the gradually strengthening global growth outlook points to stronger profits ahead.”

So should investors be looking to load up on some stocks that have seen their share prices decline recently? Tricia Song, an analyst at Barclays Bank Singapore, certainly thinks so. In a report today, Song suggests that the market sell-down of real estate investment trusts (REITs) is premature. “We do not expect the Fed to cut back its bond purchases until 2014, versus the market’s expectation of 2H2013,” says Song. She notes that the FTSE ST REIT Index has fallen 10% from a 52-week high of 890 points on May 15. On average, she calculates that the locally-listed REITs now trade at yields of 6% to 6.2%, implying a spread of roughly 440 basis points against the Singapore 10-year Government Bond.

“We continue to believe that Singapore REITs’ valuations are not expensive,” Song adds. She suggests that investors look at REITs that can grow faster even when interest rates move up. Her top pick at the moment is Keppel REIT. She sees the REIT benefiting from a prime office upturn. Also, Keppel Corp has pared its stake in the REIT. This will improve free float and should help support share prices. Song is also positive on CapitaCommercial Trust because of its office portfolio. And she sees future growth from asset enhancement initiatives on its Six Battery Road and Raffles City Tower properties.

DMG & Partners Research analyst Pang Ti Wee, however, says that the risk in the REIT sector is definitely greater now. “Although we do not expect the global outlook, high liquidity and prolonged low interest rate environment to change in the near term, a closer examination indicated that if any of these factors are to change, it could potentially result in a sell-down in REITs. In our view, given the high sector valuations, the risk-reward profile is less sanguine than before,” Pang says.

Maybank-Kim Eng Research analyst Ong Kian Lin suggests investors hold REITs with defensive portfolios that have upside for distributions per unit (DPUs). Given that analysis shows that retail REITs have the highest DPU growth, Ong currently has “buy” calls on Suntec REIT, CapitaMall Trust and Starhill Global REIT.
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  #9  
Old 01-Jun-2013, 09:29 AM
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999999
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Wa ai Jing Jing Woo Lui...
  #10  
Old 01-Jun-2013, 10:08 AM
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Default Are REITs now a bargain?

Sources : The Edge


Are REITs now a bargain?
By Joan Ng



Regional markets continued their slide today on the back of worries about the tapering off of quantitative easing in the US. The Straits Times Index fell 0.7% to close at 3,311.4 points. Meanwhile, the MSCI Asia Pacific Index is headed for its second weekly drop. In fact, the regional benchmark is down 4.8% for the month of May – its first monthly decline since October, according to data compiled by Bloomberg.

Shane Oliver, head of investment strategy at AMP Capital, thinks the share market correction could still continue. But Oliver isn’t overly pessimistic about the decline. “It’s worth noting that the global volatility of the last few weeks has a radically different feel to that seen in each of the last three years,” says Oliver. “This time around there hasn’t been a peep out of Europe and more importantly bond yields have gone up rather than down.”

At its core, Oliver says, the present stock market volatility is about the US Federal Reserve getting close to achieving its aim of getting the US economy back on to a stronger footing. As the authorities try to decide when the US economy can start to be taken off life support, investors are trying to figure out what this will mean in terms of bond yields and high-yield share plays that have benefitted from low bond yields.

“But it’s a far better problem to have than the risk of a return to global recession that hung over investors in the past few years. As a result, we remain of the view that recent volatility is a correction that will give way to a resumption of the rising trend in share markets,” Oliver adds.

Will there be a 1994-style bond crash? Oliver doesn’t think so as “growth is still a long way from booming, spare capacity remains immense, bank lending is still subdued and inflation is low.” He also thinks the market correction will be mild, in the region of 5% to 10%, rather than the 15% to 20% falls seen in 2010 and 2011. “Shares are far from expensive, monetary conditions are likely to remain very easy with interest rate hikes a long way off, and the gradually strengthening global growth outlook points to stronger profits ahead.”

So should investors be looking to load up on some stocks that have seen their share prices decline recently? Tricia Song, an analyst at Barclays Bank Singapore, certainly thinks so. In a report today, Song suggests that the market sell-down of real estate investment trusts (REITs) is premature. “We do not expect the Fed to cut back its bond purchases until 2014, versus the market’s expectation of 2H2013,” says Song. She notes that the FTSE ST REIT Index has fallen 10% from a 52-week high of 890 points on May 15. On average, she calculates that the locally-listed REITs now trade at yields of 6% to 6.2%, implying a spread of roughly 440 basis points against the Singapore 10-year Government Bond.

“We continue to believe that Singapore REITs’ valuations are not expensive,” Song adds. She suggests that investors look at REITs that can grow faster even when interest rates move up. Her top pick at the moment is Keppel REIT. She sees the REIT benefiting from a prime office upturn. Also, Keppel Corp has pared its stake in the REIT. This will improve free float and should help support share prices. Song is also positive on CapitaCommercial Trust because of its office portfolio. And she sees future growth from asset enhancement initiatives on its Six Battery Road and Raffles City Tower properties.

DMG & Partners Research analyst Pang Ti Wee, however, says that the risk in the REIT sector is definitely greater now. “Although we do not expect the global outlook, high liquidity and prolonged low interest rate environment to change in the near term, a closer examination indicated that if any of these factors are to change, it could potentially result in a sell-down in REITs. In our view, given the high sector valuations, the risk-reward profile is less sanguine than before,” Pang says.

Maybank-Kim Eng Research analyst Ong Kian Lin suggests investors hold REITs with defensive portfolios that have upside for distributions per unit (DPUs). Given that analysis shows that retail REITs have the highest DPU growth, Ong currently has “buy” calls on Suntec REIT, CapitaMall Trust and Starhill Global REIT.
  #11  
Old 01-Jun-2013, 10:24 AM
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I am no 1 at 0224 GMT
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Imagination will bring you everywhere
  #12  
Old 01-Jun-2013, 11:01 AM
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Nc Bro, me too
Very close
I posted at 1.31am sg time
LOL
  #13  
Old 01-Jun-2013, 11:23 AM
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Quote:
Originally Posted by lth523 View Post
What emotions is driving the market now ?

http://www.puntersgallery.com/showpo...postcount=2580

watch 1580 when emotion indicators to be shown FEARFUL



Boss no "horse back cannon"

special note : this is not to advocate sell everything
In a downtrend Indices market there are BULL COUNTERS

scan through Thursday and Friday counter closing to find out
lth523

When I see pennies running up for no reasons, I know the end is near. It is more so when a super penny player like ryan post FA and news to justify a stock...

We have seen this cycle....when pennies are ramped up for no reason. TT iis my other indicator
I onli know of one forumer is a pennies specialist who switch to big caps, becos he felt that market is overdone. He starting trading pennies all on intraday

The champion is my si-heng is KKjjww
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Listen only to Mr Market
Trade with TA and invest with FA
Don't hate a stock and never fall in love with a stock

It is not when u buy that matters but when u sell that counts
Taking profits is not a sin, but it is a cardinal sin to allow profits to turn into a loss

XFactor Trading Aims and Rules Trading Acroynms

Last edited by xfactor; 01-Jun-2013 at 11:27 AM.
  #14  
Old 01-Jun-2013, 11:37 AM
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Quote:
Originally Posted by xfactor View Post
lth523

When I see pennies running up for no reasons, I know the end is near. It is more so when a super penny player like ryan post FA and news to justify a stock...

We have seen this cycle....when pennies are ramped up for no reason. TT iis my other indicator
I onli know of one forumer is a pennies specialist who switch to big caps, becos he felt that market is overdone. He starting trading pennies all on intraday

The champion is my si-heng is KKjjww
Forgot to mention that there are too many RTO's........
__________________



Listen only to Mr Market
Trade with TA and invest with FA
Don't hate a stock and never fall in love with a stock

It is not when u buy that matters but when u sell that counts
Taking profits is not a sin, but it is a cardinal sin to allow profits to turn into a loss

XFactor Trading Aims and Rules Trading Acroynms
  #15  
Old 01-Jun-2013, 01:23 PM
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Quote:
Originally Posted by xfactor View Post
lth523

When I see pennies running up for no reasons, I know the end is near. It is more so when a super penny player like ryan post FA and news to justify a stock...

We have seen this cycle....when pennies are ramped up for no reason. TT iis my other indicator
I onli know of one forumer is a pennies specialist who switch to big caps, becos he felt that market is overdone. He starting trading pennies all on intraday

The champion is my si-heng is KKjjww
Shifu, you mean the bull market is near the end???
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love is kind, and is not jealous;
love does not brag and is not arrogant, does not act unbecomingly;
it does not seek its own, is not provoked,
does not take into account a wrong suffered,
does not rejoice in unrighteousness...........
  #16  
Old 01-Jun-2013, 02:48 PM
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Is Fnn considered as bull counter?

Though Thursday n Friday closing is bad :x
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  #17  
Old 01-Jun-2013, 02:53 PM
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Quote:
Originally Posted by RoTi2 View Post
Is Fnn considered as bull counter?

Though Thursday n Friday closing is bad :x
Nothing is good in panic selling.....
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Listen only to Mr Market
Trade with TA and invest with FA
Don't hate a stock and never fall in love with a stock

It is not when u buy that matters but when u sell that counts
Taking profits is not a sin, but it is a cardinal sin to allow profits to turn into a loss

XFactor Trading Aims and Rules Trading Acroynms
  #18  
Old 01-Jun-2013, 03:01 PM
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Suddenly TPG sounds bearish... Good
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  #19  
Old 01-Jun-2013, 03:32 PM
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Quote:
Originally Posted by calvin View Post
Shifu, you mean the bull market is near the end???
Just be careful
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Listen only to Mr Market
Trade with TA and invest with FA
Don't hate a stock and never fall in love with a stock

It is not when u buy that matters but when u sell that counts
Taking profits is not a sin, but it is a cardinal sin to allow profits to turn into a loss

XFactor Trading Aims and Rules Trading Acroynms
  #20  
Old 01-Jun-2013, 03:56 PM
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Italy hails its removal from EU's deficit list
Xinhua (May 30, 2013 14:18)

ROME - Italian Prime Minister Enrico Letta welcomed Wednesday the European Commission's recommendation that Rome be removed from its excess deficit blacklist.

Letta said Italians "should be proud of this result". The European Union's excessive deficit procedure has imposed corrective actions on Italy since 2009 to get its deficit under control.

Italians have accepted the painful cure of tax hikes and welfare cuts introduced by former premier Mario Monti to be back to fiscal discipline, Letta said, who took office last month, leading a fragile coalition government.

Billions of euros is expected to be freed after Rome exits the procedure, though Letta said earlier this week that it does not mean the government can immediately use more money for a variety of issues.

The European Commission also made several policy recommendations on Wednesday for Rome, such as balancing budget, cutting public debt and making structural reforms, though analysts doubt whether Letta could have them passed in parliament.

The Commission also demand Italy strengthen anti-corruption legislation and improve legal proceedings.

In fact, Rome has only "tight margins" of maneuver within its budget, European Monetary and Financial Affairs Commissioner Olli Rehn said.

To be removed from the EU's deficit blacklist, a country needs to keep its public deficit at no more than 3.0 percent of gross domestic product (GDP) for two consecutive years.

Italy forecast a 2.9-percent budget-GDP ratio this year after the number was kept below 3.0 in 2012.
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The Durian Trading Theory

Happy eat durians, small durians taste even better

Durians kept overnight can turn chow and not so nice to eat

All durians must be eaten before the weekend as it may have worms
  #21  
Old 01-Jun-2013, 04:22 PM
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Quote:
Originally Posted by xfactor View Post
lth523

When I see pennies running up for no reasons, I know the end is near. It is more so when a super penny player like ryan post FA and news to justify a stock...

We have seen this cycle....when pennies are ramped up for no reason. TT iis my other indicator
I onli know of one forumer is a pennies specialist who switch to big caps, becos he felt that market is overdone. He starting trading pennies all on intraday

The champion is my si-heng is KKjjww
Boss

lth is still a Bull

"wearing a bear suit" only

We need this corrections
Will turn Greedy again when the "Emotions Indicator" turns Fearful

Look at the daily chart of DJ and S&P, its far from over

Daily chart of DJ
50MA at 14,862
100MA at 14,409
200MA at 13,806

Even if 200MA breaks we have a super multi years support at 12,780
Attached Images
File Type: gif daily MAs.gif (7.5 KB, 342 views)
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Thank you
  #22  
Old 01-Jun-2013, 05:15 PM
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This week we could see a capitulation.. So if u have a weak heart.. Dun watch the market cos u may do something u will regret
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  #23  
Old 01-Jun-2013, 05:40 PM
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Quote:
Originally Posted by PrintMoney View Post
This week we could see a capitulation.. So if u have a weak heart.. Dun watch the market cos u may do something u will regret
Good news will be bad news for the market...Eventually the good news will be a real winner!
  #24  
Old 01-Jun-2013, 09:01 PM
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DJ MARKET TALK: Barclays Tips Accumulating S-REITs On Dips (2013/05/31 13:28PM)
--------------------------------------------------------------------------------

0528 GMT [Dow Jones] Barclays notes that markets concerns about the end of QE3 or the Fed 'tapering' with long-dated government bond yields spiking up has resulted in both high-yield credit and high-yield equities, in particular S-REITs, being sold off.

The house believes "the concern is premature and we do not expect the Fed to cut back its bond purchases until 2014 vs the market's expectation of 2H13." With that in mind, Barclays continues to believe that S-REITs' valuations are not expensive - still above normalised average yield spread with the office sector having bottomed.

It prefers REITs that could grow faster even when interest rates gradually move up due to sustainable growth in the U.S. "We would accumulate on dips," it says noting that Keppel REIT (K71U.SG) and CapitaCommercial Trust (C61U.SG), both rated Overweight with respective S$1.70 and S$1.87 targets, are its top picks among S-REITs. Shares are down 1.0% at S$1.43 and down 0.3% at S$1.54, respectively.

(john.phillips@dowjones.com)
  #25  
Old 01-Jun-2013, 09:11 PM
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No balls to Kateh ayam too.
Toaquatico bad to the greedy one..
From profit to less profit and
loss...expensive lesson.
  #26  
Old 01-Jun-2013, 09:21 PM
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Record unemployment underlines EU's pain
chinadaily.com.cn (May 31, 2013 20:27)

BRUSSELS - Unemployment has reached a new high in the euro zone and inflation remains well below the European Central Bank's target, underscoring just how severe a challenge EU leaders face to revive the bloc's sickly economy.

Joblessness in the 17-nation currency area rose to 12.2 percent in April, statistics agency Eurostat said on Friday, marking a new record since the data series began in 1995.

With the euro zone also in its longest recession since its creation in 1999, consumer price inflation was far below the ECB's target of just below 2 percent, coming in at 1.4 percent in May, slightly above April's 1.2 percent rate.

That rise may quieten concerns about deflation, but the deepening unemployment crisis is a threat to the social fabric of the euro zone, with almost two-thirds of young Greeks unable to find work exemplifying southern Europe's threat of creating a 'lost generation'.

Economists and policy makers have expressed concern that the greatest threat to the unity of the euro zone is now social breakdown from the crisis, rather than market-driven factors.

In France, Europe's second largest economy, the number of jobless rose to a record in April, while in Italy, the unemployment rate hit its highest level in at least 36 years, with 40 percent of young people out of work.

Some economists expect the ECB, which meets on June 6, to act to revive the economy and go beyond another interest rate cut to consider a U.S.-style money printing program known as quantitative easing.

"We do not expect a strong recovery in the euro zone," said Nick Matthews, a senior economist at Nomura International in London. "It puts pressure on the ECB to deliver even more conventional and non conventional measures."

In the past, the euro zone has needed economic growth of around 1.5 percent to create new jobs, according to Carsten Brzeski, an economist at ING. With the Organisation for Economic Cooperation and Development forecasting this week that the euro zone economy would contract by 0.6 percent this year, unemployment is set to worsen long before it turns around.

"We do not see a stabilization in unemployment before the middle of next year," said Frederik Ducrozet, an economist at Economist at Credit Agricole in Paris. "The picture in France is still deteriorating."

5.6 MILLION YOUNG JOBLESS

ECB President Mario Draghi, whose bold decision-making helped protect the euro zone from break-up last year with a plan to buy the bonds of governments in trouble, has so far preferred to leave the onus on euro zone governments to reform.

A majority of economists polled by Reuters do not expect the ECB to cut its deposit or main refinancing rates in the coming months, although the OECD this week called for the bank to consider quantitative easing.

The Commission, the EU's executive, told governments this week they must focus on reforms to outdated labor and pension systems to regain Europe's lost business dynamism, a move to shift focus away from debilitating budget cuts towards growth.

EU leaders meeting at the end of June in Brussels are expected to put the problem of joblessness at the forefront of their summit.

European Council President Herman Van Rompuy, who chairs the meetings, said last week youth unemployment was one of the most pressing issues for the 27-nation European Union as a whole.

Ministers from France, Italy and Germany, meeting in Paris this week, called on their counterparts to help tackle youth unemployment, with German Finance Minister Wolfgang Schaeuble describing it as a "battle for Europe's unity".

In April, 5.6 million people under 25 were unemployed in the European Union, with 3.6 million of those in the euro zone.

Even if governments take on unions and vested interests to enact reforms, they will take time to produce benefits.

The impact of the euro zone's debt and banking crises has been sapping confidence from companies and households.

Private consumption saved Germany from slipping into recession in the first three months of this year, but retail sales still fell unexpectedly in April because of the cold European winter.

Meanwhile, French consumer spending dropped again in February, falling by 0.2 percent after contracting in January. French household purchasing power contracted in 2012 for the first time since 1984.
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The Durian Trading Theory

Happy eat durians, small durians taste even better

Durians kept overnight can turn chow and not so nice to eat

All durians must be eaten before the weekend as it may have worms
  #27  
Old 01-Jun-2013, 09:58 PM
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harman27 harman27 is online now
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Friday bloodbath...Monday hamoglobin bath.
By then lukemia occurs...too tuff.....




Quote:
Originally Posted by rajesh View Post
Good news will be bad news for the market...Eventually the good news will be a real winner!
  #28  
Old 01-Jun-2013, 10:16 PM
venturist venturist is online now
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Quote:
Originally Posted by harman27 View Post
Friday bloodbath...Monday hamoglobin bath.
By then lukemia occurs...too tuff.....
hope it wont be so jia lat.. still got counters on hand. Haha
  #29  
Old 01-Jun-2013, 10:18 PM
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Quote:
Originally Posted by iluvboost View Post
DJ MARKET TALK: Barclays Tips Accumulating S-REITs On Dips (2013/05/31 13:28PM)
--------------------------------------------------------------------------------

0528 GMT [Dow Jones] Barclays notes that markets concerns about the end of QE3 or the Fed 'tapering' with long-dated government bond yields spiking up has resulted in both high-yield credit and high-yield equities, in particular S-REITs, being sold off.

The house believes "the concern is premature and we do not expect the Fed to cut back its bond purchases until 2014 vs the market's expectation of 2H13." With that in mind, Barclays continues to believe that S-REITs' valuations are not expensive - still above normalised average yield spread with the office sector having bottomed.

It prefers REITs that could grow faster even when interest rates gradually move up due to sustainable growth in the U.S. "We would accumulate on dips," it says noting that Keppel REIT (K71U.SG) and CapitaCommercial Trust (C61U.SG), both rated Overweight with respective S$1.70 and S$1.87 targets, are its top picks among S-REITs. Shares are down 1.0% at S$1.43 and down 0.3% at S$1.54, respectively.

(john.phillips@dowjones.com)
When interest rates goes up, there will be 2 effects on REITs...costs will go up as most are geared. Secondly the attractivemess will be reduce as the interest gap close.
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  #30  
Old 01-Jun-2013, 10:43 PM
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Strict measures are needed to ensure product safety: premier

Premier Li Keqiang called on Friday for enhanced supervision of the quality of baby formula to regain public trust in domestic dairy products.

Strict measures should be used to ensure the safety of baby milk, and all baby milk formula products should be retraceable through methods such as electronic coding, Li said.

The premier was speaking at an executive meeting of the State Council.

Li said the regulations covering baby formula should be as strict as those on medicine.

Dong Jinshi, a food safety expert and deputy director of the International Food Packaging Association, said, "Under the food regulations, it is mainly producers that are responsible for safety, but under the regulations covering medicine, both producers and sellers are held responsible."

He said Li's remarks reflect the central government's determination to supervise the dairy industry and rebuild its reputation.

Dong added that food safety issues are managed by several departments, which tend to shirk their responsibility when food safety scandals are exposed.

At the meeting, Li vowed to launch special campaigns to ensure the safety of milk products, supervise milk sources, standardize manufacturers and sellers of baby formula, and punish companies that do not meet the standard.

Domestic brands of high-quality milk powder should be built up to regain consumers' trust, Li said.

Domestic dairy industry sales slumped in 2008 after Sanlu Group was found to have adulterated its infant formula with melamine, a chemical compound used to make plastic. Six children died from drinking the milk, and at least 300,000 others became ill.

Li said the quality of dairy products for babies has improved in recent years after the government took a series of measures to enhance supervision. However, there are still many factors that can affect the quality of milk products.

Wang Dingmian, former chairman of the Guangdong Provincial Dairy Association, said foreign milk brands are expanding from China's high-end markets in big cities to smaller cities, making a revival for domestic brands even more difficult.

Domestic brands held about 70 percent of market share before the Sanlu milk scandal. However, four major foreign brands accounted for almost half of the market share in China last year, Wang said.

Liu Nan, a 30-year-old mother working at a public relations company in Beijing, said she always buys imported milk powder for her 5-month-old baby, asking her colleagues who go to Hong Kong frequently for business trips to bring back milk powder.

"With the problems that keep occurring in our dairy industry, who dares to buy domestic milk powder for their baby?" she asked. "Most families have only one child, and they would rather spend more money buying imported milk."

Milk: Consolidation of market encouraged

To deal with growing demand from China, some countries, including Australia, New Zealand and Germany, have introduced quotas on milk powder purchases, according to the Shanghai Securities News.

Li said a regulation on online sales of baby milk products should be introduced as soon as possible, and the government will enhance supervision and regulation of imported milk powder.

It will put forward relevant policies to support standardized large dairy milk farms, encourage the merger and acquisition of milk powder companies, and promote the milk industry's development, Li said.

Gu Jicheng, secretary-general of the Dairy Association of China, said in May that the National Development and Reform Commission - the country's major economic policymaking body - is expected to allocate 1 billion yuan ($160 million) this year to secure milk sources
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Listen only to Mr Market
Trade with TA and invest with FA
Don't hate a stock and never fall in love with a stock

It is not when u buy that matters but when u sell that counts
Taking profits is not a sin, but it is a cardinal sin to allow profits to turn into a loss

XFactor Trading Aims and Rules Trading Acroynms
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