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Massive bailouts aside, the final effects of the underlying problems arising out of the sub-prime sagahas probably yet to seep through to the ground ...
Unlike the past, this is not a short-term episode of panic-selling out of fear alone...
It is something more severe than anything ever seen...
I believe it will. 1500 is not far now.. The bailout effect will not take place so fast. As you can see, even multiple central coordinate interest rate cut couldnt bring back confidence. The few days delay of the bailout package destroy investor's confidence.
Naproxen ( Date: 08-Oct-2008 23:33) Posted:
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1500??? You kidding eh?
Answer to this tread is yes. 1500 is possible. Im surprised, sin govt no panic. :p
Almost !!!
Is it today ?
Recovered slightly now. So scary! Bail out voted out by a margin of 228-205 votes.
Can President Bush veto? He should, if not, the world is going to see a catastrophe.
Can President Bush veto? He should, if not, the world is going to see a catastrophe.
That's on top of the ban short-selling which are currently in force. One cannot imagine what will happen without the ban?
Never some could imagine DOW dropped 7% !!!!!!!!!!
400 points more and countdown to 2000 level...
probably face strong resistance and support level near 2200 level.
akang datang if financial sectors fall one after another.....
Jesus, Cash is king now !
Amazing brother!!
taking ref of STI 2600 VS 3000, net loss 13.333333333%
wah lau, your capital rough estimation then was 1,127,819.50.
means you are the no 72xx MDC.
salute, u definitely hv your day soon. cheers.
Naproxen ( Date: 07-Sep-2008 23:05) Posted:
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STI 2300 is coming soon. Take note.
singaporegal ( Date: 07-Sep-2008 19:40) Posted:
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prophecies tend to be self fulfilling. markets move on perception, the perception of the masses.
simply be careful not to get caught out by a sudden ramp if you're happily shorting the market now.
Do not be mistaken, personally also stucked with lots of counters which were bought at STI 3000, not any better than you folks. paper loss about $150K. But holding on for long term investment or recoverance.
Chill guys.
It will take another 1 to 2 years to reach STI 2000 if it continue just like this current situation prevail. So B4 that happen, it is up to world BBs economy to do rejustment and their / our expection.
http://sg.finance.yahoo.com/q/bc?s=%5ESTI&t=5y
Let's not be overly bearish. STI at 2000 means a 25% drop from the current level.
That would be disastrous.
where is victorf ...
From the many bros analysis, nothing is impossible!