The DBS rights issue was at $5.42, one share for every two held. Those were scary times. Blue-chip US names that we were told were unshakeable become potential default risks. There was a total loss of confidence at that time. The meows seem a bit lethargic today. And you found the control button for the striped cat's tail!
Great analysis, thank you! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
Yess. I remembered dbs went down to $6 citibank to $1 in 2008 should have bought some but no warchest. Sigh.. love ur dtf index. Hope 2025 can huat together
So funny to see the tail swing forward with ML touched its body, i believe the slow down is coming, my company orders has slow down, not sure if it's due to the holidays season or a strong sign of slow economy
Talking about TTI, at their heir day, I happened to be in a cyber security training class with few of their IT staff, almost half the class is from the company, some of them not even from IT securiy team, I was shocked as the fees is not cheap(5~6k each if my memory not failing) and when I asked curiously, they just said it was budgetted and must spend, if not next year no more. Well, if the bottom is with this mentallity, you can tell how loose the top is so the outcome of the company is not a surprise to me, my company is a rather large MNC and very profitable, I still have to went through rigorous verification in order to enrol, and we can only allow 1 or 2 from the team each year😉
I'm in US (and worked through GFC) and I'll continue to respectfully disagree with you on US recession. Many things but 1 main thing is from you said - cash (aka liquidity). While yes AI may be in a bubble the average American is not investing like 'crazy' in it. Many are sitting in homes with 2-3% mortgage (learning from GFC) but also their cash is earning 4-5%. No one actually uses AI and so many are sceptical in investing. Even if you point to crypto go talk to the average person and they will laugh at you only remembering NFTs and Doge and how much degen youth lost their stimulus money gambling. Meaning...you can't have a recession like GFC if the people (who have wealth) are cautious and uneasy. Don't just think the US is only represented by those online youth.
Hi ML, what u think of this ? China Skips Politburo Readout as Investors Await Stimulus Leaders are straying from Communist Party’s political calendar Investor focus turns to two critical December meets on economy
i think if US crash the funds will flow out of USA and go back to China past 4 years US market has been going up super bull while China already 4 years of bear i believe the reverse may happen
i dunno leh i just apply for the job online they got take in a batch of 13 dealers we go through 3 months training then all go different departments, some is forex/futures dealer, some is retail, some is institutional, some is central dealing 3 rounds interview each round they cut 90% of the candidates, its very competitive lor... during interview they will ask u market questions u must show your passion and knowledge i guess..
I asking coz I keep hearing from you saying it is very competitive but my fren keep saying very easy one. Then saying the job is high pay but v easy and chill de. I keep warning him about his attitude towards that job but he keep saying is easy. Tbh I don’t think so and told him the job is tough the ppl around maybe very toxic that is why the high turn over rate. But his answer to me is why the turnover so high is coz a lot of ppl work 5years then earn enough all retired already. Idk how true so just asking you for your opinion.
@@Wheek_Wheek cannot be leh, I work like 7am to 7pm everyday before 8am japan market open I already in office liao then work till evening pass over my order book to US night shift desk... one day I pick up 50 calls or more from clients and ask their questions or execute orders, its tiring but good experience in 2010 my base salary was about 2.5k every quarter can get bonus sometimes its like 8k bonus per quarter possible (its like a sales job more clients trade more commissions and fees we earn) not a job for slacker one but its also very stressful i finish my 2 year bond i get out riao lol
Also that in USA many home defaulters will purposefully allow their home to be repossessed cos they can buy the other home down the street much cheaper.. why pay loan in that case. ... 😊
Energy stocks usually cyclical in nature i would avoid, during down cycle there is low demand and low commodities prices a lot of cyclical companies turns loss making
TTF is a chinese indicator? Danger is TA riffs can lead to shrinking of world economy if there is a fight among big economies. May not be as bad but no one knows!
the worry now is Trump, his policies like tariffs may hurt asia if they does the 20% global tariff less exports to US means less workers needed for factories in asia
@MasterLeong888 SG may be one of the key beneficiary as more Chinese companies relocate here as they try to access SEA market. One thing for sure more rich Chinese will come so property prices will power ahead. Bad for young Singaporeans.
Yes yes.. Big box.. i remembered... Citibank crashed to $1.. yes.. it was scary.. till don't know how to buy. My condo yield is only 2.1-2.5% after all the income tax, maintenance, property tax, agent fee.. i can only depend on property appreciation.. the yield is worst than the cpf interest.
The DBS rights issue was at $5.42, one share for every two held. Those were scary times. Blue-chip US names that we were told were unshakeable become potential default risks. There was a total loss of confidence at that time. The meows seem a bit lethargic today. And you found the control button for the striped cat's tail!
You look more energetic now take care
ML thank you for all your insights they are rly good and important lessons.
I like your DinTaiFung (DTF) index!
Great analysis, thank you! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
Thanks for your sharing❤
Yess. I remembered dbs went down to $6 citibank to $1 in 2008 should have bought some but no warchest. Sigh.. love ur dtf index. Hope 2025 can huat together
So funny to see the tail swing forward with ML touched its body, i believe the slow down is coming, my company orders has slow down, not sure if it's due to the holidays season or a strong sign of slow economy
look forward to the Kimly KPT deep dive !!
voucher wong will come to our rescue, give some cash to buy votes after that up gst to 10% after election next year
Last time give chicken wing, take back chicken.
These days, give chicken wing, take back whole chicken farm.
Like Msia always the govt will give the Majority race who works mostly in govt sector a lot of bonus and salary hike and holiday .. make them shiok
Talking about TTI, at their heir day, I happened to be in a cyber security training class with few of their IT staff, almost half the class is from the company, some of them not even from IT securiy team, I was shocked as the fees is not cheap(5~6k each if my memory not failing) and when I asked curiously, they just said it was budgetted and must spend, if not next year no more. Well, if the bottom is with this mentallity, you can tell how loose the top is so the outcome of the company is not a surprise to me, my company is a rather large MNC and very profitable, I still have to went through rigorous verification in order to enrol, and we can only allow 1 or 2 from the team each year😉
no wonder their stock price crashed to 1 cents lol gg.. thanks for sharing!
I'm in US (and worked through GFC) and I'll continue to respectfully disagree with you on US recession. Many things but 1 main thing is from you said - cash (aka liquidity). While yes AI may be in a bubble the average American is not investing like 'crazy' in it. Many are sitting in homes with 2-3% mortgage (learning from GFC) but also their cash is earning 4-5%.
No one actually uses AI and so many are sceptical in investing. Even if you point to crypto go talk to the average person and they will laugh at you only remembering NFTs and Doge and how much degen youth lost their stimulus money gambling.
Meaning...you can't have a recession like GFC if the people (who have wealth) are cautious and uneasy. Don't just think the US is only represented by those online youth.
Dbs was still making profit during the financial crisis in 2008/2009, despite their rights issue
Hi ML, what u think of this ?
China Skips Politburo Readout as Investors Await Stimulus
Leaders are straying from Communist Party’s political calendar
Investor focus turns to two critical December meets on economy
i also dunno leh i think dec will have meeting and chance of stimulus i will do a stream to update
Master if US crash does it mean alibaba stock will also crash?
i think if US crash the funds will flow out of USA and go back to China
past 4 years US market has been going up super bull while China already 4 years of bear
i believe the reverse may happen
Din Tai Feng at Bedok Mall seems rather quiet during lunch these days.
In Jem Jurong, still very crowded
I kept receiving news that this or that US stocks keep rising higher and higher, the delicate bubble is getting bigger and bigger till it will… 😅
ML I would like to ask you about ur time at the private banking. How did u managed to get urself a spot? Can you share some tips
i dunno leh i just apply for the job online they got take in a batch of 13 dealers we go through 3 months training then all go different departments, some is forex/futures dealer, some is retail, some is institutional, some is central dealing
3 rounds interview each round they cut 90% of the candidates, its very competitive lor... during interview they will ask u market questions u must show your passion and knowledge i guess..
I asking coz I keep hearing from you saying it is very competitive but my fren keep saying very easy one. Then saying the job is high pay but v easy and chill de. I keep warning him about his attitude towards that job but he keep saying is easy. Tbh I don’t think so and told him the job is tough the ppl around maybe very toxic that is why the high turn over rate. But his answer to me is why the turnover so high is coz a lot of ppl work 5years then earn enough all retired already. Idk how true so just asking you for your opinion.
@@Wheek_Wheek cannot be leh, I work like 7am to 7pm everyday before 8am japan market open I already in office liao then work till evening pass over my order book to US night shift desk... one day I pick up 50 calls or more from clients and ask their questions or execute orders, its tiring but good experience
in 2010 my base salary was about 2.5k every quarter can get bonus sometimes its like 8k bonus per quarter possible (its like a sales job more clients trade more commissions and fees we earn)
not a job for slacker one but its also very stressful i finish my 2 year bond i get out riao lol
Also that in USA many home defaulters will purposefully allow their home to be repossessed cos they can buy the other home down the street much cheaper.. why pay loan in that case. ... 😊
Master what do you think about energy related stocks during this time?
Energy stocks usually cyclical in nature i would avoid, during down cycle there is low demand and low commodities prices a lot of cyclical companies turns loss making
Hello master leong
Thank you for sharing, Master
Where did you find these cats?
I am part of a cat community, we have 20 plus meow meow under our care in the west side
RUclips - This is Why US is Falling While China is Rising - Rise of Asia - 26 November 2024 - Geopolitical Tension Upsets Plan.
Temasek sold BOA at the lowest price during 2008 crisis
they love to buy high sell low haha
TTF is a chinese indicator? Danger is TA riffs can lead to shrinking of world economy if there is a fight among big economies. May not be as bad but no one knows!
the worry now is Trump, his policies like tariffs may hurt asia if they does the 20% global tariff
less exports to US means less workers needed for factories in asia
@MasterLeong888 SG may be one of the key beneficiary as more Chinese companies relocate here as they try to access SEA market. One thing for sure more rich Chinese will come so property prices will power ahead. Bad for young Singaporeans.
can use the HDL or BBT index now haha
Does 1-3 mth treasury etf count as ‘cash’
cash as in cash in bank account or fixed deposits
basically u can immediately convert it and spend it to cover your monthly expenses then okay lor
What do you think about gold. Master?
gold (GLD) and long term bonds (TLT) are traditionally used to hedge against market crashes
@@MasterLeong888 you think gold will continue up or down. Master? 😃
@@eddyeddy9962 gold prices already very high, i wouldnt buy gold for sure
if i holding GLD now i would sell and put the money into reits
Time to build up war chest
Yes yes.. Big box.. i remembered...
Citibank crashed to $1.. yes.. it was scary.. till don't know how to buy.
My condo yield is only 2.1-2.5% after all the income tax, maintenance, property tax, agent fee.. i can only depend on property appreciation.. the yield is worst than the cpf interest.
ya citibank $1, see liao dunno is bargain or trap hahahaha damn freaking scary sia lol
those were the dark days
Weird to call yourself “master”…
u can check out my life story here i got explain how i got the master title kekeke
ruclips.net/video/ZWPz6omtddA/видео.htmlsi=ipnWGTxLuwuFqCZ3
DTF is overpriced