DBSV Issued Note to Avoid 4 Stocks that AIG is Holding

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China paying the price of news blackout on food safety

China’s Communist Party should realise that when it gags the media to try to make the Chinese government look good, it is doing so at the risk of the life and health of the Chinese people. And when the world finds out, the price China has to pay in terms of its reputation far outweighs whatever short-terms gains it had made.
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SGX Top 10 CFD Counters

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Top Economist, Nouriel Roubini, Says American Depositors Should Worry

A top economist said Monday Americans with money in the bank should be concerned about their deposited assets, a warning that comes on the heels of another massive financial institution failure.
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Capitalism - It’s Painful, But it Works

I fail to see why garbage collectors in Gloomsville should pay taxes so that $1,000-an-hour bankers can retain their seats at the Wall Street casino. They had their fun and they lost their chips. Correction, they lost other people’s chips.
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Dog bites off own tongue after beating by master

A Tibetan mastiff in Hangzhou, capital of Zhejiang province, bit off its own tongue and died after a thrashing by its owner.

The owner, surnamed Pan, beat the dog for fighting with another dog in order to teach it a lesson.

"I felt so regretful," Pan said afterwards. "My friend who has kept Tibetan mastiffs for 20 years told me that they are the king of dogs and have strong self-esteem.

"If you beat a mastiff in front of other dogs, it feels ashamed and will kill itself to keep its dignity." he added.

US playing financial Russian roulette

WILL the US financial system collapse today, or maybe over the next few days? I don’t think so - but I’m nowhere near certain. You see, Lehman Brothers, a major investment bank, is apparently about to go under. And nobody knows what will happen next.
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The end of Wall Street as the bankers knew it

For one thing, if the Federal Reserve is going to act as a lender of last resort to broker-dealers facing liquidity problems, which is pretty much what it has been doing for the last six months, then the Fed will have to play a role in supervising them, too.
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SEC to act on short selling abuses

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Inflation Fades, Rising Risk to Growth - DB

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Oil Prices Likely to Keep Falling Despite Big Drop

Oil prices, which plunged nearly $6 on Monday as the Wall Street crisis rattled investors, is likely to continue falling even more, experts say.
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HSI Weekly Chart

HSI rebounded off 76.4% Fibo at 18035 today with a bullish star candlestick. Gap to close is 19157 and then test 61.8% Fibo at 20687.

Brazil declines Saudi invitation to join OPEC

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Hard Fall for a Venerable Firm

It’s the end of an era for Merrill Lynch, the brokerage firm that brought Wall Street to Main Street.
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Fed Takes Steps to Aid A.I.G.

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Dr. Marc Faber Commentary

So, what could happen in the next few weeks is a rebound in the Euro, which is oversold near-term, and a rebound in equities and selected commodities.
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Mainland property developers are expected to be under pressure to cut home prices

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China May Lower Rates Again, Increase Spending to Spur Economy

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US Storm Won’t Hit AIA Policyholders

It maintains separate insurance funds for policies
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Malaysia's Anwar says he can form govt, wants meeting with PM

KUALA LUMPUR: Malaysian opposition leader Anwar Ibrahim said on Monday he has enough support to topple the government and wants to meet with Prime Minister Abdullah Ahmad Badawi to discuss a handover.

A hint of confidence in mainland Chinese markets

The longest-term investors in stocks listed in mainland China - controlling shareholders and some foreign funds - have started to buy again, suggesting that they see value in a market that has plunged by two-thirds in the past 11 months.
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Jittery road ahead for global markets

“After committing to JPMorgan and Bear and the involvement in Fannie Mae and Freddie Mac,” Peta said, “the government seems to have concluded: if you spare the rod, you spoil the investor.”
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The FED

If the Fed really wants to make a bold statement, using rates as the device, it should lower rates by 50 bp, not 25 bp. Does that solve the problems at hand? No.
By Paul Markowski
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World May Face ‘Japan-Like’ Economic Stagnation, GIC’s Tan Says

The world may face “Japan-like” economic stagnation as turmoil in financial markets weighs on growth and challenges the ability of policy makers to manage the crisis, Government of Singapore Investment Corp. said.
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S-chips are 2008’s worst performers

But survey of FTSE ST indexes shows other stocks are not much better off
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US in ‘once-in-a-century’ financial crisis: Greenspan

The United States is mired in a “once-in-a century” financial crisis which is now more than likely to spark a recession, former Federal Reserve chief Alan Greenspan said Sunday.
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‘Tectonic’ Shift on Wall Street as Lehman Fails, Merrill Sold

Nouriel Roubini, an economics professor at New York University, said the independent securities firm model is “fundamentally flawed” and that every securities firm will need to combine with a bank to gain a deposit base and greater access to loans from the Federal Reserve.
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Temasek Unscathed From Merrill Sale; Had Minimum Part

But it will all depend on how Bank of America shares do when they open Monday morning in New York.
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AIG planning big spinoff

Nation’s largest insurer will unveil restructuring effort on Monday as company races to raise cash and avoid credit downgrades.
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Banks Fear Next Move by Shorts

“It is really like taking a baseball bat to someone who is down,” said Jim Hardesty, president of Hardesty Capital Management in Baltimore. “A bunch of these guys with very large bats are circling around certain companies and banging them over and over again. It is unsportsmanlike conduct.”
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Temasek To Make About $5 Per Shr In Merrill Sale-Sources

Singapore state investment company Temasek Holdings Pte. Ltd. stands to make about $5 per Merrill Lynch & Co (MER) share in paper profit after selling its stake in the U.S. investment bank to Bank of America (BAC) for $29 per share, two people familiar with the situation said.
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U.S. tries to contain Lehman crisis

As Lehman Brothers raced to find a buyer on Saturday, U.S. government officials and Wall Street chieftains mapped out options to prevent an abrupt collapse of the crippled bank and arrest the downward spiral threatening other financial companies.
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Global earnings bubble is forming: Dr Doom

AN earnings bubble is in the making and many companies will see earnings disappoint next year, warns Marc Faber, aka Dr Doom
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Dawn may be approaching for hard-hit developers

The property industry has been the hardest-hit sector during the mainland’s cycle of macroeconomic adjustments
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Next casualty? Investors eye AIG

Investors skittish about further losses in the financial industry have pounced on American International Group, the beleaguered insurance company that has reported some of the biggest losses in the spreading credit crisis
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Report casts doubt on speculators’ role in high oil prices

Conventional wisdom in Washington holds that speculative money flooding into the market from index funds pushed up oil prices this year
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7 ways to fight that spare tyre

Do you think you are getting a little heavy around the middle? Here are seven diet tips to fight flab from nutritionists who spoke to WedMD
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Investor sues Goldman over HK$60m loss

The owner of one of Hong Kong’s leading beauty parlour chains claims that she is HK$60 million out of pocket after one customer got more than facial treatments out of their relationship
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Mainland plays bear brunt of HK sell-off

Analysts expect Hong Kong’s blue chips to remain under pressure over the next few weeks from weakness in the United States and mainland equity markets
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Vanke refuses property refunds in price row

China Vanke has rejected demands for refunds or compensation by customers who bought properties before it cut prices in late August, in a move analysts said could make potential buyers even more wary of the cooling real estate market.
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S&P forecasts rise in bad loans amid global slump

Mainland lenders will see a gradual increase in bad loans taken out by property developers and troubled export-oriented manufacturers amid a global economic slowdown, says Standard & Poor’s.
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Managed funds sink on lack of investor appetite

The local fund management industry has limped through this year as investors lose appetite for their products amid staggering market volatility, according to a report released yesterday by the Hong Kong Investment Funds Association.

Many Chinese have lost huge amount of money in mutual funds; now it's very difficult to raise new funds including QDII funds. Singapore will not see QDII funds buying our S-shares for a while.
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Bank of America ‘likely to win Lehman’

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Melco dives after partner reports VIP chip sales drop

Who says casinos are immune from economic downturn?
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Real estate woes spread as sales plummet

Coastal cities in mainland China have had the steepest downturns
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Poverty draws Chinese to unsafe mines

Why anyone would choose to work in China’s often deadly mining industry must surely be a mystery until you talk to people like Lu Renyan. For him, poverty is the motivating factor, given the potential financial rewards.
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Firms put IPOs on hold in hope of better times

Some are wary of listing now, others abort plans for fear of poor interest
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‘Dream Team’ remisiers fined by MAS

UOB Kay Hian duo failed to make timely disclosure of directorships in other firms
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Assuming the worst about Lehman

Bear Stearns bailout which was meant to prevent the crisis from spreading has only helped prolong it
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Bargains lure foreign cash into A-shares

Foreign institutions bought heavily into mainland-listed stocks last month, a fresh sign that overseas investors are hunting bargains as two-thirds of the market’s capitalisation have evaporated
Go to my new blog Market News at top right corner.

Daryl Guppy on Inverted Charts

CEO of guppytraders.com, explains how we can make our naturally bullish bias work in our favor during a bear market
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May All Your Dreams Come True

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Not Time for Bottom-Fishing - Andy Xie

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Wall St Journal Asia sued by Singapore Govt

A-G’s Chambers takes issue with 3 articles in Wall Street Journal Asia
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Expensive gifts to teachers spark debate in China

From overseas holidays to luxury villa stays, the practice of extravagant giving poses an ethical and legal dilemma among the teaching profession
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Discovering the ‘real’ China

Most first-time visitors to China find it very different from their prior notions of the country and its people, which have been shaped by media reports, hearsay and personal biases
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When S-shares Bubble Burst

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大清风云

An intelligent and beautiful woman 孝莊 oversaw 3 emperors.
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江山风雨情

Another good historical series with famous beauty 陈圆圆。
三个皇帝，一个天下。
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楚汉风流

I like to share this 50-part historical series with you. To live a rogue Liu Bang or die a hero Han Xin?
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FTSE STI semi-annual review

This review features three investability weight (IW) changes. There are upgrades in the IWs of Singapore Telecom, to 50% from 40%, and Genting, to 40% from 30%. Wilmar, by contrast, has its IW downgraded to 20% from 40%, resulting in a circa 2.4% weighting cut.
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FTSTI Composite Changes wef 22 Sept 2008

The new changes only make the STI more skewed towards the Jardine group of companies. Now with the thinly traded JSH, Jardine C&C and JMH included, it will be easier to manipulate the STI by the hidden hands.

One observation: FTSTI is managed by the English, Jardine Group is also managed by the English. And let's not forget the opium trade was managed by the English.

China Property Market Set for ‘Meltdown,’ Morgan Stanley Says

Property and bank stocks in SSE and HSI will be under selling pressure with this kind of news. So how to expect both indices to reverse up so soon?

HSI Technical Analysis

However, do observe that the 10-day Rate of Change (ROC) of the index on the daily chart has not yet reached its support. The index is inclined to decline further before any short-lived rebound.

On the positive front, the index could see a potential corrective rally set up at the 19,351-19,387 area. 19,387 was the prior low on the daily chart while 19,351 is 0.618x swing target on the weekly chart.

We expect any corrective rally to be contained by the downtrend resistance near 20,800. Our stance is SELL into rallies...
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Real estate markets across China join general slump

The United States, Britain, Spain and other countries suffering from real estate market downturns now have fresh company: China.
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U.S. Treasury move may also bail out Asia

With its unprecedented takeover of Fannie Mae and Freddie Mac this week, the U.S. government may have also bailed out Asia’s markets by stanching a heavy flow of equity capital out of the region.
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Fed May Be Buying Rubbish

Fannie Mae and Freddie Mac used accounting rules that created a “house of cards” as the housing market descended into its worst slump since the Great Depression.
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More banks closure are in the showing

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Beijing censors financial websites

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Big investors shifting money from stocks to safer products

HSBC poll finds fund houses have dim view of Asia equities
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Mainland investors dump HK assets

Incomplete transactions are forfeited or units sold at a loss amid global credit crunch
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Testing times for developers

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Asian developers turn to Islamic funds amid credit crunch

When Cambridge Industrial Trust declared itself Singapore’s first sharia-compliant property trust in July, many analysts dismissed it as a gimmick.

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Beijing travel curbs add to Macau market misery

China can also curb travel to Singapore if too many Chinese lose money at our IRs. Then who is going to feed our 2 IRs?

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CAPITULATION PHASE

Despite the GSE package announced by the U.S. authorities over the weekend, emerging market share prices have remained under siege. There are two undercurrents driving the accelerating sell-off: massive liquidation by long-term investors; and concerns about the next casualty in the U.S. financial system (like the Lehman Brothers, whose stock price is collapsing amid speculation the firm could be heading into bankruptcy).

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Australian doctor charged with assaulting patients

SYDNEY, Australia - Police arrested a former gynaecologist on Wednesday and charged him with 17 counts of sexually assaulting and mutilating patients during surgery.

Imagine if a doctor telling you he's going to cut off your cock when you are falling asleep on anaesthesia?

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Chinese Local Governments Set Out to “Save” the Housing Market

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The Conman

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Is it time to buy China?

With China making new ytd lows and the Beijing Olympics having concluded, we examine the case to turn more positive.

Not yet, according to Goldman Sachs. At the macro level, growth and inflation are not yet low enough to warrant a shift to a stimulative policy bias. On the micro level, we anticipate further declines to consensus earnings forecasts. Neither issue is fully discounted by the market, in our view.

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Rogers says daughters are his best investment

Commodities king wants them ready for China’s century

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Acronym for WIFE?

China’s first seven star hotel to be built in Sanya, Hainan

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Belly unhealthy

Pot belly in men is a common symptom of ageing, as lower levels of testosterone cause fat to accumulate at the waist

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China’s Real Estate Developers Waiting on Dangerous Times

This month, China’s leading real estate developers will bring to market a fresh supply of new housing. In previous years, this would find home buyers out in force, snapping up properties no matter what the price. But this year it will come as a severe test as the housing market continues to decline and sales of new homes have become extremely difficult.

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If IPO conditions are so bearish, who is subscribing?

There’s no denying that the initial public offer (IPO) market is in pretty bad shape - about 90 per cent of IPOs this year are below their offer prices and anyone brave enough to list now is almost guaranteed to see their shares trade at a first-day discount.

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Not safe on N-S Highway, even in convoy

It's the driver, not the car. An embarrassment to Ferrari that a 430 can't outrun a C-class. I've always said, many monetary rich Ferrari owners buy the car to show off, but they are poor drivers.

I'd once commented somebody's Ferrari 360 couldn't outrun my Boxster on a B-road. He has hated me every since! (Some people in the stockbroking industry know who I am referring to)

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Why the bear market is alive and well

Based on the price-to-earnings ratio, U.S. stocks have actually become more expensive even as share prices have come tumbling down. In fact, the P/E ratio for the Standard & Poor’s 500-stock index, based on earnings over the previous four quarters, has risen to just over 24 from around 19, according to S&P.

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Signs of mainland property bust increasingly ominous

Anyone who thinks China has successfully escaped the sort of property market and banking sector crisis that has hit the United States and Britain over the past year might like to think again. The signals get more ominous all the time.

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Shanghai home prices fall 24pc

Research report contradicts 0.2pc decline in official figures

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China - To Rescue or Not to Rescue

Economists Debate Slumping House Market

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Key points from the August employment report:

Remember that the unemployment rate peaks at the end of or after the end of a recession.

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Chinese Steel Makers Cutting Production - JPM

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Wave of patriotism emboldens nation

Olympic triumphs have strengthened national pride and Beijing’s global role, academics say

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9% Growth May Trigger Radical Policy Rethink

If China’s fourth quarter economic growth slows to under 9%, current economic policies, characterized by slight adjustments, may also see some changes and China will be looking at spending big money in support of areas deemed vital to its still modernizing economy.

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Slumping Steel Demand Bodes Ill for Iron Ore, Coke Suppliers

“It only took a month for steelworks to go from hot summer to cold winter,” says Yang Siming, General manager of Nanjing Iron and Steel Co., Ltd. (Nanjing Steel), describing the steady decline of steel prices since mid-June.

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Lee Shau-kee says time is right to dive back into ‘oversold’ shares

Lee Shau-kee, who last year was touted as Asia’s Warren Buffett but who has had a mixed record of predicting the market, says Hong Kong stocks have been oversold and now is the time to buy.

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Chinese Stocks Are World’s Worst In 2008

China won the most gold at the Olympics, but the country’s stock market is in dead last.

“China’s rally is probably a 2009 event, not a 2008 event,” he said.

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Commodity hedge fund collapses

NEW YORK: The hedge fund manager Ospraie Management has said that it will close its flagship fund after it plunged 27 percent in August on losses in energy, mining and natural resources equity holdings, in one of the biggest ever closures of a commodities-focused hedge fund.

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Clergy ‘wary of inter-faith talks’

Dr Mathews noted that Christianity in Singapore tends to be conservative, evangelical, ‘embracing an exclusivist stance’ in viewing other religions.

Shall I say elitist's attitude too, since only their believers go to heaven but non believers go to hell?

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U.S. Stocks at 25.8 Times Profit Means Rally May End

The best already may be over for the U.S. stock market this year.

“My intuition is that they are too early,” he said. “In an ordinary cycle, this should be the time to start thinking about buying. This isn’t an ordinary cycle.”

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