But gains fairly modest so far, reflecting investor caution ahead of long weekend (during which U.S. payrolls will be released), with Singapore markets shut tomorrow for public holiday; “I think we’ll probably get a little bit of a chance to take profit because the market has done very well recently and we’re going into a long weekend…that makes sentiment a little bit more jittery,” says analyst at local brokerage.
Posts Tagged ‘caution’
STI +0.4%; modest gains amid pre-holiday caution
Companies of all sizes ready to embrace cloud computing, hosted software Posted By : Eddie Adams
Despite advice from Warren Small of BasisOne to potential investors in hosted software and cloud computing to proceed with caution, it appears as though the enterprise IT market is prepared to adopt cloud services in their entirety.
STI off 0.4%; Time for caution after run-up: CIMB
Singapore blue chips succumb to light profit-taking after US stocks’ overnight fall, says Dow Jones. STI off 0.4% at 3,144.31, expected to hold above 3,100.
“On its intra-day charts, the momentum indicators are showing bearish divergences. It is time for buyers to be cautious again,” says CIMB. Stocks in broad market faring tad better, with gainers outnumbering decliners by slight margin.
STI off 0.2%; Technical signs urge caution: Kim Eng
Singapore stocks wobbly as investors mull negative cues from Wall Street, notes Dow Jones.
STI off 0.2% at 3,008.18 at 9:32 a.m. If 3,000 fails to hold, next support at 2,979 (July 30 low), with any upside expected to be capped at year-to-date high of 3,043.
Market breadth flat with volume thin.
“We can expect more measured trading on the Singapore market today, especially with technical indicators urging caution,” says Kim Eng Securities.
STI off 0.5% as of 9:28 a.m.; Caution as 3,000 mark nears: Sias
Singapore shares open down as expected but losses substantially smaller vs Wall Street’s Friday tumble, says Dow Jones.
STI off 0.5% at 2,942.26, with support at 2900. Market breadth at five decliners for every gainer.
“Whether investors will avoid the market fueled by fear of poor economic data or charge into the market motivated by optimism over strong earnings is really hard to tell (in the near term),” says head of Sias Research Roger Tan; but notes potential downside risk as recent gains have pushed STI near 3,000 level, last reached in April.
STI +0.2%; Caution as 3,000 level nears: AmFraser
Attention in Singapore stock market mostly on lower liners, with new listing Leader Environmental Technologies (LS9.SG) most sought after, accounting for almost a-quarter of overall market volume of 667.1 million shares; at $0.235 vs $0.21 IPO price. Market breadth neutral, according to Dow Jones.
Proceed with caution
A health-care reform bill gets to the floor of the Senate. A rowdy debate will follow
DEMOCRATS in the Senate defeated a Republican attempt to block their health-care bill on Saturday November 21st, just days after Harry Reid, the Senate majority leader, unveiled the long-awaited legislation, which amalgamates proposals from various Senate committees. Republicans tried, with a filibuster, to stop the measure from even proceeding to the floor, providing an early test of Democratic resolve. To get the 60 votes he needed, Mr Reid had to cajole three wavering Democrats—Mary Landrieu of Louisiana, Blanche Lincoln of Arkansas and Ben Nelson of Nebraska—and their support came at a price. Republicans are calling an extra $100m doled out in federal money for Ms Landrieu’s state “the Louisiana purchase”. All three have since pointed out that a final “yea” is far from certain.
The Senate bill is similar in scope to the measure passed by the House of Representatives on November 7th, although there are differences. The Senate bill, for instance, relies much more on expanding Medicaid, the system of provision for the poor. As in the House, the Senate legislation creates insurance “exchanges” and a government-run insurance scheme that would compete with private plans, but it allows for states to opt out. Ms Landrieu and others would like to go further and adopt a “trigger” that would implement a public plan in five years, but only if private plans are no more affordable by then. Joe Lieberman, an independent Democrat, has insisted he will vote against any final bill that contains a public option “as a matter of conscience”. …
Berlin Wall celebration marked by joy and caution
Berlin celebrated the 20th anniversary of the fall of the Berlin Wall on Monday with symbolism, fireworks and concerts, VOA reports. Current and former world leaders joined tens of thousands of people who marked the event. But amid much joy was also a note of caution.
China: Caution May Be Warranted | Japan: Real Troubles
As I have repeatedly noted, China has been blowing a bubble with easy credit. MarketWatch’s Craig Stephen warns investors to be wary of a potential correction, at least in some sectors:Policy tightening could soon become the dominant market theme, mea…
Windows 7 Heading for Eventual Corporate Success
Windows 7 is on its way to store shelves, but a new survey claims it won’t appeal to the enterprise as much as Microsoft would like. Is that really true? While this survey shows enterprises are expressing caution about upgrading to Windows 7, a number of factors are coming into play that will ensure broad corporate adoption of this new version over the next two years.
– A survey conducted by ScriptLogic asked more than 1,000 companies if they plan to deploy Windows 7 when it’s released on October 22. According to the research firm, a whopping 60 percent of respondents said they have no plans of deploying Windows 7.
Furthermore, only 5.4 percent of those who …



