Market commentary from my broker friend

Liquidity issue (let the dust settle)

Hi Brendan

We finally see mkt value down to 800m+ last Friday. Mkt value shrinks to around 1billion from the past few mths and we finally see 800m last Friday, .... at least we seeing some clearer picture where mkt heading to, mkt val. is diminishing and expect mkt. val. to lower to 600m.(Expect mkt to stay flat )..

Last Friday one of the Hong Kong tycoon already mention worst is yet to come so how to expect mkt to be better.

Dji up almost 200pts last Friday and we seeing no impact to ur sing mkt and even hsi open up 300 and surge further to 700 yet we see no action in our mkt.More tell-tale sign...Singapore NODX nos. have been poor and next stage could be job losses accelerate.

Where is the bottom, no one can tell ,maybe let the dust settle first...sup-prime losses narrowing,inflation slowing down,oil prices stable at certain level......etc...

(note: in this mkt it is very difficult when queue to sell...why...... liquidity problem)

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My view:

The Hong Kong tycoon mentioned by my friend should be Mr Lee Ka-shing.

Mr Lee said "No one dare to say exactly when (the crisis) will end. Some banks might write off more losses by the end of the year. The situation has not improved this year."

I share the same view as my friend, I do think this is a bull-trap.

Some of my friends did not speak to their brokers for the whole year. I do not understand why do they want "feed" their brokers with commissions. They should just change their brokers to my friend. End of the day they are paying the same commission rate but different level of service.

A good broker can improve your trading performance tremendously as they act as an advisor as well as a broker.

Send an email to me at metal.commodity@gmail.com if you are interested to open account with my broker friend.