Economy slowdown - Page 14

DettolUser · #**196** 16-09-2008, 03:48 PM

Economy slowdown, hopefully the damage of FLs/WLs also will lower

hamlinlau · #**197** 16-09-2008, 04:23 PM

Quote:

Originally Posted by kim-seng-heng

Lehman brothers is dead and next to come is AIG. Guess lots of people are rushing to AIA building to cash out from their insurance policies.

I came to know about the thread just today.. and on hind sight it's sad to see so many people here(and out there) are still looking to buy on dips and punting in this volatile unpredictable markets. How many of us are that lucky and how many more has the risk appetite like Warran Buffet and George Soros( I believed they are the best this last few decades) to ride through this turmoil when even Greenspan considered this crisis worse than the Great Depression?

For those who were affected by the Asia financial crisis back in 97 this is many times worse. Bear Stearns was the 1st to go, yesterday we see Lehman's legacy down the drain. With AIG selling profitable assets to stay afloat.. what are our chances of us creaming profits from this uncertain markets? What if AIG suffers the same fate as Lehmans then who's next? I cant imagine the damages the ripples are creating. We will defininitely see more casualties over the next few months.

Do we have the risk appetite to sit through this bad times? How much further will the market fall? Banks and institutions are in the process of calculating their derivatives exposure with Lehmans and AIG. Some companies might find themselves in the red with that discovery and that'll spark off another round of domino effect. Is this the right time to pick bottom?

Let's wait and see lah....

HeadOn · #**198** 16-09-2008, 05:15 PM

AIG has just go its credit rating downgraded..mean it will be harder for it to raise funds or even possible will be at a much higher int rate..If AIG would to go, its really ITS THE END!!...how many pple in the world will see their insurance coverage n endowerment went up into smoke..

personally i dun think the govt will let AIG..cos it will create massive social unrest globally..

hamlinlau · #**199** 16-09-2008, 05:57 PM

Having said that.. I am convinced that AIG will be the line in the sand...it's a company I know a bit about and it's soooo interwoven with the fabric of the financial world in terms of reinsurance, banking, retail insurance, derivative tarding and exposure that I think AIG will eventually make it.

Well... fingers crossed..

aakumu · #**200** 16-09-2008, 06:05 PM

Quote:

Originally Posted by hamlinlau

I came to know about the thread just today.. and on hind sight it's sad to see so many people here(and out there) are still looking to buy on dips and punting in this volatile unpredictable markets. How many of us are that lucky and how many more has the risk appetite like Warran Buffet and George Soros( I believed they are the best this last few decades) to ride through this turmoil when even Greenspan considered this crisis worse than the Great Depression?

For those who were affected by the Asia financial crisis back in 97 this is many times worse. Bear Stearns was the 1st to go, yesterday we see Lehman's legacy down the drain. With AIG selling profitable assets to stay afloat.. what are our chances of us creaming profits from this uncertain markets? What if AIG suffers the same fate as Lehmans then who's next? I cant imagine the damages the ripples are creating. We will defininitely see more casualties over the next few months.

Do we have the risk appetite to sit through this bad times? How much further will the market fall? Banks and institutions are in the process of calculating their derivatives exposure with Lehmans and AIG. Some companies might find themselves in the red with that discovery and that'll spark off another round of domino effect. Is this the right time to pick bottom?

Let's wait and see lah....

Hi bro,
Good advice from a sifu.

My humble two cents.

topcook1 · #**201** 16-09-2008, 06:32 PM

One of my friend who is an insurance agent from AIA told me that lots of his client intended to cancel their policies...He told me he is in deep shit now...

Steadyman1 · #**202** 16-09-2008, 06:41 PM

Quote:

Originally Posted by HeadOn

... For STI, i recogn the we will test 2100 - 2300 pts by yr end..

Don't think there is much cushion once falls below 2500. It will go below 2200-2300 any time from now. The next supporting level is 2000 and anything below that is doom and no way to hit 4% GDP. Got 1%, you have to laugh already...

kim-seng-heng · #**203** 16-09-2008, 06:54 PM

I was so shocked to see so many people queued up at AIA Building today.Tomorrow I will join the queue too coz I have 2 policies too.

Steadyman1 · #**204** 16-09-2008, 07:15 PM

Quote:

Originally Posted by kim-seng-heng

...Guess lots of people are rushing to AIA building to cash out from their insurance policies.

If this happen the company will sure go bandrupt. This will give the market another heavy hit.

Steadyman1 · #**205** 16-09-2008, 07:21 PM

Quote:

Originally Posted by kim-seng-heng

I was so shocked to see so many people queued up at AIA Building today.Tomorrow I will join the queue too coz I have 2 policies too.

Guess not only investing firm. We also have to be careful with foreign bank and some of my colleagues are thinking to divert their fund to local bank.

The cuties part is to keep it in the biscuit tin like what the older generation does. Those who are older... Still remember the 555 cigarette tin where notes were used to be kept??

NobleEagle · #**206** 16-09-2008, 07:21 PM

Quote:

Originally Posted by Steadyman1

If this happen the company will sure go bandrupt. This will give the market another heavy hit.

tis will also cause another massive ripple effect across the whole of asia and dun forget its not jus personal funds we are talking here, there r also many large corporate funds with many major companies as well as SMEs firms affected too

Steadyman1 · #**207** 16-09-2008, 07:39 PM

Quote:

Originally Posted by NobleEagle

tis will also cause another massive ripple effect across the whole of asia and dun forget its not jus personal funds we are talking here, there r also many large corporate funds with many major companies as well as SMEs firms affected too

The ripple effect will fast and market recovering will be damn slow.
So poor will get poor as the inflation will hit again. Rich will get richer as they can slowly invest and hold on till good return. Sigh...

Steadyman1 · #**208** 16-09-2008, 07:44 PM

Quote:

Originally Posted by topcook1

One of my friend who is an insurance agent from AIA told me that lots of his client intended to cancel their policies...He told me he is in deep shit now...

Just receive a caller from my agent. Telling me AIG is also in big shit and ask if I wish to pull out my investment fund or hold and see how.

Make a quick think and confirm to pull out the fund. Anyway if need to invest, wait till market stablize then go in again.

havana · #**209** 16-09-2008, 07:46 PM

Quote:

Originally Posted by Steadyman1

The cuties part is to keep it in the biscuit tin like what the older generation does. Those who are older... Still remember the 555 cigarette tin where notes were used to be kept??

Not soda biscuit box meh?

havana · #**210** 16-09-2008, 07:48 PM

Quote:

Originally Posted by Steadyman1

Just receive a caller from my agent. Telling me AIG is also in big shit and ask if I wish to pull out my investment fund or hold and see how.

Make a quick think and confirm to pull out the fund. Anyway if need to invest, wait till market stablize then go in again.

Jia luck liao!!!!

My agent dont know run where hiding already!!!!!!! Couldnt contact him.......