SembCorp Industries and SembCorp Marine: Recovery?

Here are a couple of interesting chart formations:

SCI. A long white candle formed on a high volume day.
It could be a double bottom formation.
The MACD has formed a higher low.
Neckline approximates $4.50
If that should break, eventual target is provided by the declining 200d MA (the light blue line) which is approximating $5.00 now.

SMM. Another long white candle formed on a high volume day.
Looks like it could be a double bottom formation too.
The MACD has formed a higher low.
Neckline approximates $3.30.
If that should break, the declining 200d MA is the eventual target.
Currently, the 200d MA approximates $3.70.

Based on TA, SCI and SMM look promising.

CPF: A simple case of so near and yet so far?

My reply to a comment by a reader: here.




Hi politicalwritings,

When something is significant enough, such as retirement planning, I think for the government to have an active hand is a good thing and, for some of us, it is a necessity so that the risk of growing old and destitute is reduced, if not eliminated. 

Of course, not everyone agrees.

Unfortunately, it is difficult to pinpoint who are the financially responsible ones and who are not amongst CPF members. 

So, a minimum safety net that covers everyone works. It helps to ensure basic retirement funding for everyone.




What we eat and how much we eat is not of the same level of significance as whether we would be able to achieve retirement adequacy. 

So, I don't think the example you used is appropriate.

When should we have government intervention?

When we cannot reasonably rely on everyone to act responsibly on a matter that has tremendous importance in everyone's lives, especially if irresponsible behaviour would result in the burden being shifted from such individuals to the rest of society.

Best wishes,
AK



This is something I feel strongly about. So, I decided to blog about it instead of just replying in the comments section.

Talking ever so loudly to myself here. Tsk, tsk.

AK, you are so boorish (and psychotic)!

Related post:
CPF Life.