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mother of all bear markets

The huge and rapid corrections are good in my opinion. Imagine STI takes 1 years to correct 10% and to correct 30% it will have to take up to 3 years!  So if it takes only 3 weeks to correct 10%, I would like to believe that it will only take another 3 months to rebound 10%!!

 

Singapore GDP growth forecast also forward...

 

forward by so much, fast forward ?? europe all up now.

 

As newmoon and I mentioned, stock markets are forward looking. So STI is factoring a slowdown in the 2nd half of this year and next year.

 

singapore GDP to grow by 6.7% this year, but STI dropped so much... how come ??

 

newmoon is a dooms day kind of guy.

 

When panic start, expect no panic buyer.

 

Stock markets are forward looking and the omens are bad-higher interst rates world wide including china, high oil prices,collapsing housing prices in usa, trade barriers, terrorism, bird flu,iranian nuclear dispute, natural disasters, 6-6-06, etc. The c wave of the STI correction is just beginning-when panic starts oversold indicators remain oversold for a long time.. Remember that no indicator in existence can be relied upon to fortell the future.No one has found the holy grail of finance. The analysts and economists of today have replaced the soothsayers and the oracle of delpht of the bygone years. Business cycles come and go like day and night-the most that central bankers can do is prolong the agony by fiddling with interest rates and printing paper money out of thin air-usa should outsource the printing of money to north korea-much cheaper don't you think?