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WRONG! It will be up.
Huhushares ( Date: 15-Jul-2009 17:36) Posted:
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You are correct maybe for tomorrow. But I expect US to report GDP growth of 0.5 to 1%.on 31/7.
Just 1% growtrh report by US is good enough to send global stock into stratosphere.
And henceon, this correction is over.
And with the change to accounting rule for bank, do you think bank can report losses with all asset revalue now, instead of before crises which is some 50% higher.
You saw Goldman, next JP Morgan, and all will be reporting handsome profit, which will sent stock market on fire.
If you still hestitate, you will loose out. But we must know that we are still in the mist of a secular bear rally which will last till Oct.
STI 2389.42 currently
I think tmr the index should drop about 25.00 - 35.00