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how low can it get?
- Thread starter zhihau
- Start date
Even with the bail out plan approved and signed, the dow still tumble as it might not be close enough for financial sector. With DOW ending at -157 points. HOW low can it go?
I believe it will go below 10,000points.
With the job market expecting to be worse in the coming months. More job losses mean more family unable to pay the mortgage, hence more foreclosure and that will put more pressure on the housing market and the banks that hold the mortgages.
Even such a large company such as GE is even affected, much less the rest.......
As for the STIs, anybody would like to hazard a guess, say before or by 31 Dec 2008.
I say it will be below 2000pts.
Stock indices will go as low as they need to go till a psychological floor is found. Stock prices do not necessarily indicate actual performance of businesses. A can of coke can be substituted with more healthy local drinks at affordable prices. $3 buys you a good bowl of noodles, a plate of chicken rice or 3 roti pratas. Singapore tap water is WHO standard compliant.
Stock prices may not indicate actual biz performance, but they will. And when they do, it may be too late for u to do sth about it. Stop talking cock and make others lose money. Brush up your bootlicking skills first before diverting your attention to other areas of study.
Precisely, Zhihau!
This is the time to buy stocks, not sell them. Stocks have already priced in a recession (which will most likely happen), and are trading at inexpensive valuations. Now is the time to put money to work! Dollar cost average on all dips.
Projected bear market low for S&P 500: 1060 (which is the July 2004 low). Projected bear market low for STI: 1950 (50% decline from all time high).
E-Jay
bro,
i'd wait a while more... it's 2,168.32 today
Just hold off before you go on a buying spree.
Still got lot of room to dive down down.
Hmmm... standby your cash for a buying binge.
Actually how do you know this is the time?? and not wait later?
How do we know it won't falls even further?
Are we seeing the bottom of the stocks price or just beginning?
The charts doesn't show any signs of rebound wor.
:o :p :o
i'm waiting for the ripples from Europe to wash ashore first, then can pick the crabs and fish directly from the shore mah...
might get a lil' wet on the feet, but that's part of the fun lah :p:p:p<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/1212jRNg9y4&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/1212jRNg9y4&hl=en&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object>
The stock market is going to strangle the players day by day
one by one will get choke and collapse. This bear run is going to be the mother of all bears in living memories.
one by one will get choke and collapse. This bear run is going to be the mother of all bears in living memories.
2,033.61 by the end today...
looks like investor has lost all confidence in the stock market despite all the efforts by the central banks worldwide..
1,949.92 fresh from the oven!
* Last Updated : Friday, October 10, 2008 9:00:03 AM
