To The Moon

Asia-Pacific markets fell on 20/3 (Mon) after UBS agreed to buy its banking rival Credit Suisse in a $3.25 billion takeover over the weekend. 🐻🐻🐻 The HSI led losses in the region, falling 2.65% to close at 19,000.71 points🔥🔥 🐻 The SSE & SZSE closed down 0.48% & 0.27% respectively. This is despite the 👍📰 from 🇨🇳 leaving its 1-year & 5-year loan prime rate unchanged at 3.65% & 4.3% respectively. 🐻🐻 The ASX 200 fell 1.38% to close at 6,898.500 points🔥 🐻🐻 The STI closed down 1.48% with the the 🇸🇬🏦🏦🏦 in the red🩸 Investors’ favourites Singapore Exchange Maxi-Cash were not spared either. At about 12.30pm today, MAS released a what I view as an “emergency” statement to call Singaporeans to “Calm Down” but as usual we kiasu & kiasi so sell first😅 🔎🔎🔎MAS Statement In-Depth: (1) MAS said today that Credit Suisse Group AG (CS) will continue operating in 🇸🇬 with no interruptions or restrictions, following the announced takeover by UBS Group AG (UBS). 👍 Customers of CS will continue to have full access to their accounts & CS’ contracts with counterparties remain in force. 👍👍👍 The takeover is not expected to have an impact on the stability of Singapore’s banking system ➡️ So no need to panic & remember to remind our grandparents no need to withdraw💰💰💰 & hide in Milo tin or under pillow😂 🚨 However, if you have more than $75,000 in 1 bank in the various types of deposit accounts, it’s always better to be safe than sorry & transfer the excess funds into a new 🏦 account😉 (2) MAS has been in close touch with the Swiss Financial Market Supervisory Authority (FINMA) & was briefed by FINMA earlier today on the details of the takeover. 👍👍 FINMA issued a statement on 19 March 2023, announcing the takeover & the supportive measures taken by the Swiss Confederation & the🇨🇭Swiss National Bank (SNB) ⭐️⭐️⭐️ This includes additional liquidity assistance provided by SNB to ensure that CS & UBS can continue to meet all obligations throughout the transaction period. These measures are aimed at ensuring stability for CS’ customers, the Swiss financial centre, & international financial markets👍👍👍 (3) CS & UBS' primary activities in 🇸🇬 are private banking & investment banking. The 2🏦🏦 do not serve retail customers. Besides banking activities, CS also conducts financial services under other licensed entities in 🇸🇬 ⭐️ For the time being, these CS entities will continue operating under their respective licences. MAS will remain in close contact with FINMA, CS & UBS as the takeover is executed, to facilitate an orderly transition, including addressing any impact on employment👍 (4) MAS will continue to closely monitor the domestic financial system & international developments, & stands ready to provide liquidity through its suite of facilities to ensure that 🇸🇬’s financial system remains stable & financial markets continue to function in an orderly manner. 🤔💭Are 🇸🇬🏦🏦🏦 Still Safe For Buy-The-Dip❓ (1) My analysis from the above MAS statement is that the 🇸🇬 government is on top of things & will intervene to protect the 🇸🇬🏦🏦🏦 as needed. (2) 🇸🇬 Banks are likely going to continue dipping if 🇺🇸🏦 stocks continue to be rattled & what happens tonight (20/3) & after FOMC meeting on 22/3 (Wed). (3) If 🇺🇸🏦📉📉📉 tonight, I will hold off buying the dip for the 🇸🇬🏦🏦🏦 & monitor the recovery of 🇺🇸🏦 before deciding whether to enter. (4) 🇸🇬🏦🏦🏦 are always a 👍 & safe buy when the price is right✅, as you can see from their below stock graphs (since listing) that they always recover, so buying the dip is what I’ll do but ⏱⏱⏱ is important❣️ 🤔💭What’s The 🇸🇬 & 🇺🇸 Stock Market Outlook❓ 🎢🎢🐻 🇸🇬 & 🇺🇸 stock markets will continue to be volatile till the FOMC meeting & may decline further📉📉📉 $DBS GROUP HOLDINGS LTD(D05.SI)$ Bearish$UNITED OVERSEAS BANK LIMITED(U11.SI)$ Bearish$OVERSEA-CHINESE BANKING CORP(O39.SI)$ Bearish$Bank of America(BAC)$ Bearish$S&P 500(.SPX)$ Bullish$Alibaba(BABA)$ Bearish Fellow 🐯🐯🐯 Do follow me if you enjoy reading analytical stock research🔍 presented in a fun & easily understandable way & for the Latest Stock Updates❣️ Please help to click on the “Like” & “Share/Repost” buttons at the Bottom Right corner so that more 🐯🐯🐯 can access this information, many thanks🤗🥰 You will Greatly Encourage Me❣️ As usual-🤔💭 Consider POV & Actions of Investors + 👩🏻‍💻👨🏻‍💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰 @Daily_Discussion @TigerStars @CaptainTiger @MillionaireTiger