StockWatchCommentary

I guess the markets finally came off when they woke up to the fact that stocks are overpriced and the street finally wakes up to the subprime effects . Its not going to be a Merry Christmas for United States given the fact that there is a loss of jobs, fallout from losses for the broking firms on the banks as the bonuses could impact the staff and caution on the markets may just curb spending this year. US Consumer confidence fell, according to the University ofMichigan with the October figure hitting 75 (Expectations was 80); the 2nd lowest reading since 1992. Of course, we will prob see some excesses by the 'ultra-rich' but the general public will curb some form of spending. Most expectations point to slow down in US next year and stockbrokers, economists and all hope for Asia to decouple from US and China to help lead the way except..China is still relatively expensive despite its growth potential.

Is the Chinese market finally going to slow down as China made its 9th attempt at curbing the excesses by raising the reserve requirements with the RRR at 13.5%.... .things will prob slowdown a bit and funds are now in the last leg of the year with lots of program trades rebalancing their portfolio .
China reportings that its Trade Surplus has climbed to a record $27.05 billion is not going to get US very happy with them as its been preceived that Yuan is undervalued .

Am expecting a month end push and a Christmas Rally? watch out for the signs and dont forget the MSCI rebalancing impact on some of the stocks in /out of the index.

The falls in the market almost tempted me to want to take a dip back into the stocks. I do have some stocks in mind to accumulate and will wait for them to come down to my levels. I just have to share this tip “Four Golden Mantras to Trading Success” ©® (Andy Sng of Assetia Asset Management)

Have a “REASON” for being in the markets…
Get into the market for that “REASON”.
Monitor and continuously challenge the “REASON” for being in the market.
Get out when the “REASON” is no longer valid.

Love Gold, Like Yen...grrr at the slowness, Like AUD(staying Long in Aud and Euros) , Holding Sing$ and if u like to short HSI.. at your levels please. I have yet to learn how to Short stuff yet really...

Check out Yen article link by bloomberg which may see some reduction in carry trades.
Yen Rises to 1 1/2-Year High Against Dollar on Risk Reduction