hmmm only half correct :P

When Export to US and Europe drop as demand falls. It will hit asia too... we are all connected ... think like domino effect.
Example when people earn lesser people are wont travel offen .... look what happen in late 2008 - early 2009.

Certain Issues you have to consider.

1) China has to do something about its cooling effects. It has to balance up the trade further. I can tell you this Only CHINA can save the world now :)
2) Countries around the world will be seeing the fading of stimulus effect. They have to make something happen fast before something bad starting to roll.
3) US Jobless Rate Drop to 429,000 this week .... good news ... but Empire State show slow manufacturing....
4) Singapore this year will be good but what i am worried is next year if things around the world didnt turn around fast.... 

I still expect market to be tank for a bit till next week..... Good Luck !
 

iPunter      ( Date: 15-Jul-2010 20:27) Posted: There's a huge amount of money 'floating around' waiting to be poured into good markets. Whilst the US and European markets appear to be 'climbing on a wall of worry',     this may not be critical for the Asian bourses.        Because even if the US and European markets are not climbling, or even faltering,              the Asian bourses should have a life of it's their own,                   since that is where the big promise is in the overall scheme of things in the immediate future.                         Thus, we can expect good performance there no matter what happens to the western markets...