BUYING THE BREXIT DIP

Did you miss out on buying the Brexit dip? 

STI's crossed 2,800 this morning with gusto and many more are panic buying.

FOMO if you ask me. Fear of missing out.

But then again, that's how Singaporeans trade stocks, join long queues for cheese tarts and live life in general.

ALL'S WELL?

After a day of round tripping, most people got what they want.

Hope.

Hope that Osborne will give markets hope.

Actually, if you had paid attention to the last 3 days of narrative, every government or central bank spokesman is giving their 'thumbs up' routine.

What's the breaking point?

When SG politicians get on board the Allswell bus.

Good luck.

PANIC? YES, PANIC!

How many of you had frozen fingers last Friday afternoon  when the plunge occurred? 

Not fast enough to sell out your positions?

Nor fast enough to short?

Please pay attention to the screens these few weeks if you have positions. 

#dontsayneversay

IN THEN OUT? OUT THEN DOWN?

That's life isn't it?

Full of ins and outs.

Ups and downs.

But along the way, don't get farked.

#bremainxit

GOH ENG YEOW: BUY PRADA SHARES, NOT PRADA SHOES

This Straits Times piece by Goh Eng Yeow from June 2014 appeared in my feed today for reasons unknown to me.

http://www.straitstimes.com/business/buy-prada-shares-not-prada-shoes

Lovely chart appended.



You are sitting on 50% losses. I think my Prada shoes are still around serving me well.

BREXITIDIOCY

Nobody likes to be thrown out of the house by your parents.

But if you decide to leave the house on your own despite the parents begging you to remain, you are a bigger idiot.

That's Britain for you.

FOMC TONIGHT

I can think of a few souls fretting about tonight's Fed meeting and interest rates announcement. Most are expecting no increases in rates.

Me?

Maybe a 50bps shocker would wet my pants.

GOH ENG YEOW: DISMAL US JOB DATA...MORE THAN MEETS THE EYE

So Mr Goh wrote his spiel here.

I zoom in here:

The first assumption is the US job market is buoyant. The second assumption is that the 'profit recession felt by US-listed companies' is based on US-only factors.

Mr Goh should ask i) whether the buoyant jobs market is fuelled by the correct jobs or by bartenders/waiters, and ii) whether fall in profits of US-listed companies are caused by US or foreign-based revenue.

Good luck for the forum.

NOBLE RIGHTS ISSUE

That's right. There you go.