STI far from bottom of 1,400 according to Phillip

[downgrader]

The STI will bounce Friday after Dow jumped 400 plus points.

But I warn and I quote Phillip Research:

It is highly unlikely that this bounce is a bottom. We argue that this Credit Crisis is more severe than the Asian Financial Crisis and we estimate the severity and duration of the decline to be at least equal that of 1997. If history is a good reference point, the 1997 benchmark would place at least another 7 months left before we see any sustainable rally and a final STI reading in the 1400 to 1500 region.

Extreme oversold conditions occur during sharp sell offs, but in the context of a major downtrend, such mean reversions are usually short-term moves where the market takes a breather before continuing the trend. We advise readers to avoid being unduly bullish during the minor up moves that will occur during this downtrend in the STI.

 

[theDoors]

I thought when STI hits 1000 points then start buying ???

 

[halsey02]

I thought when STI hits 1000 points then start buying ???

It is best to keep all your money under your pillow, at the moment. Despite on what they may do or say, someday the $20,000 may not even be a gurantee.

If you are some ultra rich guy with extremely deep pockets, with a measure of good luck, then, you can buy, when STI hits 1,000. But, you are not, then, you can say good BYE to your money. How many, can make money out of AIG shares?... ONE is a lonely number!!!

The really good 'bull run' was from 1992 to 1995, maybe into 1996, when there was CLOB. Then all got CLOBbered, together with the Asian Financial crisis.

In times like these, money is king...Gold will make you a soverign!!

 

[Zombie]

But I warn

I believe the stock is burning to the ground
Oh well, I guess we're gonna find out
Let's see how far we've come
Let's see how far we've come
Well I believe it all is coming to an end
Oh well, I guess we're gonna pretend
Let's see how far we've come
Let's see how far we've come





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Hello, hello, hello

I'm waking up at the start of the end of the world
But it's feeling just like every other morning before
Now I wonder what my life is going to mean if it's gone

The cars are moving like a half a mile an hour and I
Started staring at the passengers who're waving goodbye
Can you tell me what was ever really special about me all this time?

But I believe the world is burning to the ground
Oh well, I guess we're gonna find out
Let's see how far we've come
Let's see how far we've come
Well I believe it all is coming to an end
Oh well, I guess we're gonna pretend
Let's see how far we've come
Let's see how far we've come

I think it turned ten o'clock but I don't really know
And I can't remember caring for an hour or so
Started crying and I couldn't stop myself
I started running but there's no where to run to

I sat down on the street, took a look at myself
Said where you going man, you know the world is headed for hell
Say your goodbyes if you've got someone you can say goodbye to

I believe the world is burning to the ground
Oh well, I guess we're gonna find out
Let's see how far we've come (right now)
Let's see how far we've come
Well I, believe it all is coming to an end
Oh well, I guess we're gonna pretend
Let's see how far we've come (oh yeah)
Let's see how far we've come

It's gone, gone, baby it's all gone
There's no one on the corner and there's no one at home
Well it was cool, cool, it was just all cool
Now it's over for me, and it's over for you
It's gone, gone, baby its all gone
There's no one on the corner and there's no one at home
Well it was cool, cool, it was just all cool
Now it's over for me and it's over for you

I believe the world is burning to the ground
Oh well I guess we're gonna find out
Let's see how far we've come (oh yeah)
Let's see how far we've come
Well I, believe it all is coming to an end
Oh well, I guess we're gonna pretend
Let's see how far we've come (oh yeah)
Let's see how far we've come

Let's see how far we've come
Let's see how far we've come
Let's see how far we've come
Let's see how far we've come
Let's see how far we've come
Let's see how far we've come
Let's see how far we've come