1) SGX will be launching ADRs which can be co-traded with US and HK. Some interesting ADR worth taking a closer look:
- Baidu
- Suntech Power
- Petrochina
- China Mobile
- China Telecom
- China Unicom
- Aluminum Corp China
- Yanzhou Coal Mining
- Huaneng Power
- Intel
- Microsoft
- Macy's
- Xerox
- Dupont
- Radio Shack
- Alliance Bernstein
- Home Depot
- Legg Mason
- Ingersoll Rand
Posts
Thank you so much for your posts. If I may, I'd like to ask if there was any recent update from Mr. Nenner. Did he detail on when the markets would go down after a strong bounce into September? And did he comment on gold's reversal in the short-term? Thanks again!
ReplyDeleteHi Hyekyung,
ReplyDeleteI did not come across any recent updates from Mr. Nenner. However, you can refer to his predictions here: http://sgretailinvestor.blogspot.com/2010/08/charles-nenner-updates.html
After September, stocks should fall to a major low due Christmas Eve.
I will post an update if there are news.
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ReplyDeleteThank you so much for the kind reply, RI!
ReplyDeleteHello RI,
ReplyDeleteIt's been a while since your last post. Could you share your current take on the markets?
Also, I'd like to know if Mr. Nenner meant that S&P breaking below 1025 around Christmas will be a major low. Or, did he mean that, once going below 1025, the S&P will go down further and find an intermediate support due Christmas Eve? I'm a bit confused. And it is well past September but the markets are still going strong.
Thanks and a wonderful weekend to you!
Hi Hyekyung,
ReplyDeleteI'm a bear for the following key reasons:
1) High unemployment rate in U.S
2) Rich-poor divide in China which may cause some instability in its economy
3) Too much optimism priced into the market with little positive upsides from the Q3 reports of companies
However, a lot would depends on the monetary and political policies of the key economies, esp that of U.S and China.
I would continue to stay invested as the market can still swing either way. We just have to be more selective and defensive in our choice of investment.
Mr Nenner's view is that DOW should fall to 7000 comes christmas, and the signal would be the break of S&P below 1025.
Hi RI,
ReplyDeleteI appreciate your comment! Especially the reason #2 is a unique perspective one does not see elsewhere. Looks like you are based in the region.
As for Mr. Nenner's view, did you mean "Christmas 2010?" If that really is Christmas THIS year, given we are at DOW 11096, he is predicting a huge crash. Hard to imagine...
Hi Hyekyung,
ReplyDeleteYes, he meant this christmas.
Personally I also find it hard to imagine.
There will inevitably be a correction if
1) company results fall way below analysts expectation
2) china comes up with further cooling measures
3) one of european country bankrupt, cascading to bank failures
4) unemployment figures stay stubbornly high and people run out of excuses to stay positive
However, we can't tell the probability of each of these events. As such, my choice of staying invested, but have to be nimble.