STI will open higher but don't be fooled

[downgrader]

There will be a knee jerk reaction to the G7 announcement and the individual implementation by the various individual governments. This, I think, is good for 50 to 60 point rise at the open to about 2,000 but don't be fooled

This is a dead cat bounce. The market will retreat on the rally because the fundamental problems remain.

The E in the P/E wil have to be downgraded so that valuations may not look as cheap as initially thought.

This market has yet to bottom.

SELL EVERYTHING AND DOWNGRADE. I AM WAITING FOR ALL OF YOU TO JOIN ME TO SING TRA-LA-LA-LA-LA...

Recession is good for the soul, Boom leads to greed and corruption.

 

[lifeafter41]

There will be a knee jerk reaction to the G7 announcement and the individual implementation by the various individual governments. This, I think, is good for 50 to 60 point rise at the open to about 2,000 but don't be fooled

This is a dead cat bounce. The market will retreat on the rally because the fundamental problems remain.

The E in the P/E wil have to be downgraded so that valuations may not look as cheap as initially thought.

This market has yet to bottom.

SELL EVERYTHING AND DOWNGRADE. I AM WAITING FOR ALL OF YOU TO JOIN ME TO SING TRA-LA-LA-LA-LA...

Recession is good for the soul, Boom leads to greed and corruption.

That's right the fundamental problems still exist. I believe the government of the world need to let the problem unravel by itself before confidence is able to return to the market. All these are just stop gap measure as it does not address the bubble (property) problem in the UK and US.

 

[zuoom]

STI @ 2200.

quite a knee jerk i must say.

wild swings upwards n down will be the norm for this period.