Thursday, September 10, 2009

Singapore's first casino.

Located along the Marina Bay waterfront(Singapore), Marina Bay Sands( part of the Las Vegas Sands Corp.,)features three cascading hotel towers topped by an extraordinary sky park, ‘floating’ crystal pavilions, a lotus-inspired Museum, retail stores featuring cutting-edge labels and international luxury brands, trendy Celebrity Chef restaurants, endless entertainment at the theatres, the hottest night clubs and a Las Vegas-style casino.
It's the most expensive casino in the world costing S$8.0 billion. A total of 10,400 jobs for the project, 75 percent of them reserved for Singaporeans.
Las Vegas Sands was the winning contender in a three cornered fight bid between Malaysia's Genting International,US gaming giants MGM Mirage and Harrah's way back in March 2006.
Choosing a location like Singapura is a good feng-shui for LVS .It's going to bring good-luck to the company and tremendous revenue compared to its other operations elsewhere.
Singaporeans are not poor people. The "big,big,small,small" alone can occupy several casino tables.
Gambling is big business in Singapore. Singaporeans just love to gamble. They will bet on anything that moves.
The Dow,Thursday,10/09/09.(6 market days to Triple Witching)
Nikkei Futures.(last Day)
Asian Market Futures:(13 market days to expiry)

9:30am:--Mild bearish start with lower shadow being filled early,good sign.
Health care stocks are garnering support following President Obama's health care reform speech, which set the size of health insurance plan at $900 billion over 10 years.
10:30am:--First hour session now spinning at MAV resistance.
Initial jobless claims for the week ending September 5 totaled 550,000 (expect 560,000)
11:30am:--Holding near session high with inverted bulls.
The trade deficit expanded to $32.0 billion in July from a downwardly revised $27.5 billion deficit in June.
12:30noon:--Bulls spinning at high.
Treasury Secretary Geithner indicated that there is a shift in strategy from rescuing the economy to preparing for growth....unlikely that more bank bailout money will be needed, so a contingency provision can be removed from the budget.(look out bank shares)
1:30pm:-The afternoon opening base is again a bullish spin.
Energy has been strong this session,Crude oil futures sold-off from session highs at $72.44 per barrel following a larger-than-expected draw in crude oil inventories.
2:30pm:--A new day's high saw the shooting star holding further advance.
The ending of the recession is reviving global trade, increasing U.S. imports by a record amount in July and boosting foreign demand for American goods for a third straight month.
3:30pm:--A pullback to the bull pivot was held back by a dragonfly doji.
The Obama administration said Thursday that a program used to guarantee as much as $3 trillion in money market mutual fund assets will end on schedule next week...sept18.
4:00pm:--The bulls are the aggressors ending the day with positive note.
It's a confirmed bull run which is just 245.99 points to reach the 52 weeks bull resistance(9,873.47).
Investors poured money into stocks for a fifth day. Falling interest rates on Treasury securities also fed demand for stocks.
Many investors are surely worried that their homecountry markets are also overbought or too high,too fast and waiting for big correction.
This time around the rally is being supported by the fundamentals.Whatever damage that has been done has already happened,the illness is slowly recuperating except for once in a while the flu and the cough trouble.