More Hedge Fund Frauds

“Scary, isn’t it but more cockroaches are now forced into the open by the continuing redemptions requests and these fraudsters are unable to borrow anymore to cover their frauds. Besides rising bankruptcies, we are also expecting to see more blood on the street. This is what I called the start of the capitulation. It may sound cruel but it is a process that we have to go through in order to purify the sickness in the financial market. Once the purification is over (I do not know when), it may be time for true investors to re-enter the market again”

Smart Money Should Wait for Wall Street to Fully Capitulate

As a result, the smart thing to do is stay away from stocks until the ranks of optimists thin significantly, the ranks of pessimists swell appreciably, and above all, much clearer signs of capitulation appear - especially in the US, because it can only be a matter of time before this occurs.

Can You Spot Your Boss?

Prepare For Many More Madoffs

Get ready for investigators to uncover dozens of more possible Bernard Madoff style frauds.

China Equity Strategy Views by CSFB

Profit warnings shall cap any significant near-term rebound in Chinese stocks

HSBC may need to issue rights

HSBC Holdings Plc, Europe’s largest bank, may need to sell shares in the U.K.’s biggest ever rights issue to shore up its capital position, said investment group and shareholder Knight Vinke Asset Management LLC.

CS Cuts SembMarine to Underperform; S$0.95 Target

Credit Suisse downgrades SembMarine to Underperform from Neutral on worries over major customer Petromena; cuts target to S$0.95 from S$2.15. Broker says Petromena facing US$300 million funding gap on its three rigs under construction at SembMarine’s Jurong yard; “if Petromena cannot raise an incremental US$100 million to take delivery of Petrorig 1 by 30 April, it would trigger a default.” Broker estimates Petromena and its related company LOG Rig jointly owe more than US$1.2 billion to SembMarine, which represents 20% of net order book; “until Petromena’s workout is successfully completed” it may overshadow SembMarine shares, which now +1.8% at S$1.69.

STI Technical Analysis by DB

After a bullish breakout from a symmetrical triangle pattern, the STI has corrected back below the breakout area last week and closed below horizontal support at 1,711 on Thursday. Further downside towards 1,638 seems likely as long as the index does not recapture last week’s high at 1,807 decisively. A break below 1,638 could pave the way down towards the trough at 1,474. As long as prices remain below 1,807, short-term traders may thus consider taking short-positions, especially on a close below 1,638. Aggressive traders should look for a close above 1,807 before taking new long-positions.

HSI - Technical Analysis by DB

Last Tuesday’s breakdown below the lower confine of a congestion zone changes the short-term neutral bias to a negative one. The HSI thereby closed below the intermediate-term uptrend line as well. It would take a decisive recapture of the 14,200/14,300 area to negate the negative outlook and identify this recent drop as a false break and bear trap. Minor resistance is seen at 13,675. Next potential downside targets are 11,815 and 10,676. Investors may await a close above 15,781 before considering taking or adding to long-positions. Short-term traders may sell rallies as long as prices remain below 14,300 on a closing basis.

When to Start Work after CNY?

How a High-Flying Fraudster Fell to Earth After Plane Death Hoax Failed

Yet unknown to his neighbours the dashing investment advisor faced fraud charges, financial ruin, furious clients and a marriage that was in tatters - and he tried to escape them all by faking his own death in a plane crash. His attempt very nearly succeeded - but was sabotaged by two crucial miscalculations in the air, investigators believe.

Instead of Relying on Police, We Must Help Ourselves, Women Say

Ease Curbs on Sex Workers, say Activists, experts

Laws fail prostitutes, critics argue

Looks like another financial tsunami is coming - just look at...

The deterioration in economic and corporate data continues. I believe that the market has not fully discounted the extent of this deterioration and when it does this will lead to another big wave of selling - another financial tsunami!

Hard Landing Possible, Warn Ratings Agencies

The mainland economy could suffer a “hard landing” this year with a growth rate half its normal pace and face a rising risk of social unrest, international rating agencies warned yesterday.

Israel Faces Questions of War Crimes in Gaza

Your unit, on the edges of Jabaliya, has taken mortar fire from the crowded refugee camp nearby. You plot the launch and go to return fire, and perhaps you notice - or perhaps you don’t, even though it’s on your map - that there is a United Nations school just there, full of internally displaced Gazans. You know that international law allows you to protect your soldiers and return fire, but also demands that you ensure that there is no excessive harm to civilians. Do you remember all that in the panic?

Fortunes Change for Nine Dragons

Firm under pressure after aggressive expansion

Dealers Caught Cheating in Test for SGX Product

Exam questions leaked; exchange fines a brokerage, makes remisiers re-sit exam

CIC Snaps Up Stocks in Three Major Lenders

Move to bolster confidence in banks

In Once-Booming Tea Region, a Bitter Reality

Before American real estate prices deflated, before the stock market nose-dived and before the Ponzi-madness of Bernard Madoff, there was the Pu’er Tea Debacle of Menghai County.