They have got to be global, the domino effect works that way, and major banks like Barcleys have yet to declare their losses, the impact on the finance sector of Singapore will be hit like a shock wave from hell.simonmobiledisco wrote:Pakjohn: were you statements Sing centric or a global?
My comments were meant to reflect the global situation; I really don't know enough about Singapore economics to offer an opinion for local forecast. As for investing, I'd buy commodities for the longer term and ignore the peaks and valleys you'll see for the next 18 months or so. But, I'm a little risk adverse, being an old guy and all.Pakjohn: were you statements Sing centric or a global?
we learn from the past, there is bound to be a bottompakjohn wrote:While I appreciate the value of a positive outlook, I don't think there is a bottom at which point everything will get better.
Ouch! Let's hope they can ride the waves, I'm expecting a big drop this year from my own research, although most of my portfolio is in Taiwan, the market is far too high, in comparison to the main shocks since 2000, I'm really expecting the Taiex to come down to 3500 before i consider buying in, but that's only based on past troubles. I could well be wrong but my gut say's let Barcleys bank UK report their losses before buying anything more. Although you will be able to make something on the rebounds, I'm sure and there will be many to come. But be careful of companies folding and consolidations.MikeDirnt wrote:we learn from the past, there is bound to be a bottompakjohn wrote:While I appreciate the value of a positive outlook, I don't think there is a bottom at which point everything will get better.
i have been busy adding a lot of stocks into my portfolio from the past few months
STI fell to 805 (!) in 1999, and climbed back to 2500 by the end of 2000. Anybody with the guts to invest thus got his money back in triplicate.-jt- wrote:invest in commodities and any company who's earnings potential has not been impaired. but mind you they will not be back to their former prices. the mania reached before will never return not for a very long time.
I am curious. On what previous data are you basing your assumption? See there has been nothing global like this since 1929?kwekjustin wrote:had it already hit rock bottom?? guess in another 6mths time then we will see rock bottom. then its time to get 'blue'!
Users browsing this forum: No registered users and 7 guests