@Mythz:It is a happy monday today, stocks have rebounded. However, this does not bring hope to investors as it would end flat or lower by the end of the week. Recession at this rate is inevitable, worst scenario will be a stagflation by 2023. Many of thestocks have reached a new 52 weeks low and investors are questioning have we reached thebottom? With the rising interest rate and the upcoming 75bps rate, it will not resolve any of the inflation issue and more people like you and me will be badly affected, ranging from dailylife to the commodities that we buy. Our portfolio will be greatly affected too. In order to survive this tough time, a PUT option can be purchase so that even the stock that we like drops, we still can earn some premium back so that we can re-invest. In addition, ihave added
@Chris23:The S&P 500 wiped out a 2.4% loss yesterday , the biggest stock reversal since July 1991. The initial rush to sell was caused by a hotter-than-expected inflation data, with CPI rising 8.2%, higher than estimates of 8.1%. However, this initial sell off was followed by a swift dash to buy, with the index closing a whopping 2.6% higher at the end of the day. Yesterday's bullish price action means the stock market is likely to continue its rally for the next few days. My price target for the $SPDR S&P 500 ETF Trust(SPY)$is $380, which is a level of past support which will now act as resistance. @TigerStars@Capt
@Furore:$SINGAPORE AIRLINES LTD(C6L.SI)$ Re-opening tailwinds continue SIA's strong momentum will be augmented by 3 factors 1) Reopening of most of its key markets, including Japan, Taiwan, and Hong Kong - East Asia (including China) contributed 62% to topline in FY22 (59% in FY19) 2) Available capacity to add flights to meet the latent demand - High passenger load factor (87.4% at SIA's Group level in July; second highest in Group's history) and profitability may be maintained on the pent-up demand for these popular travel destinations 3) Capitalise as a "first-mover" with the eventual reopening of China - E.g., SIA has resumed weekly flights to Beijing, Fuzhou, Hangzhou, and added flights to Shenzhen and Tianjin in October S