This year will fall to 600 - 400 pts !
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STI TO BELOW 1000 Points....ALL OF You Have Been WARNED!!
- Thread starter ahleebabasingaporethief
- Start date
All the better to buy cheaper. Not necessarily STI stocks, but global
ones on other exchanges.
ones on other exchanges.
STI will be much worst as Spore depend on the recovery of US.
DJ will hit a bottom far beyond anyone can imagine after looking at a few emerging crisis that is unravelling before our eye.
1)Super massive layoff crisis..Look at the layoff list http://www.layoffdaily.com/ , US unemployment rate will definitely hit > 12% and unofficially rate could be as high as 20% by end of 2009( US unemployed stat does not count anyone who has run out of unemployment benefit) . The unofficial number will put it almost on par with the depression jobless crisis. The danger of high unemployment also feeds right back into the financial sector because of repossessions, arrears on mortgages and lower consumption. It will causes a worsening of the financial and retail sector which feeds back to the real economy again.
2) We saw major bankruptcies, such as retailers Circuit City and Linens and Things. One bankruptcy after another. Then we saw store closings. Starbucks, Home D&D Power and down the line. With malls,stores and offices closing down due to poor business and layoff, commercial mortgage timebomb will be bigger than the subprime crisis . The question becomes who is going to take all of the vacant retail space? Who is going to rent it? The answer is - nobody. Now we look at the financial collapse in 2008, we saw the Merrill Lynch mob go under the bed and the Lehman boys went bankrupt. You saw bond companies, brokerage firms, and banks go belly up. Who is going to rent all the vacant office space that they used to occupy? The answer is - nobody. The commercial real estate collapse that’s going to happen in 2009 is going to dwarf the residential real estate collapse. US banks will have no more mean to absorb those losses and have to be nationalised.
3) Sovereign debt for eastern Europe and southern european like portugal,spain and greece have been downgraded for fear of default. Sovereign debt default from Russia and UK also possible as their currencies have been sharply devalued just over the last 1 month.This will be a repeat of 97 Asian currencies crisis but many times bigger. The collapse of UK economy will send a shockwave 100 times bigger than what we have seen from Lehman Brother debacle. In addition, municipal bonds in the US will also default as well like California is heading toward bankruptcy
We’re going to see the economic collapse the likes of which the world has never seen before. It’s not only in the United States; it’s going global. At the end of 2008 we saw Christmas retail sales: women’s apparel down 23%; home furnishings and electronics off 27%; luxury items down 35%. These are Depression Era collapses.
It is possible that the current crisis can be worse than the Great Depression, perhap call it the Greatest Depression. Back then in 1930 deperssion,most American didn’t have homes. There was no such thing as home equity loan. And back then, people didn’t have credit cards. The consumer wasn’t 14 trillion dollars in debt. United States had a manufacturing base that built the world out of the Great Depression following World War Two. Uinited States no longer have that.
Seriously DJ could hit as low as <3000!! STI <500!
DJ will hit a bottom far beyond anyone can imagine after looking at a few emerging crisis that is unravelling before our eye.
1)Super massive layoff crisis..Look at the layoff list http://www.layoffdaily.com/ , US unemployment rate will definitely hit > 12% and unofficially rate could be as high as 20% by end of 2009( US unemployed stat does not count anyone who has run out of unemployment benefit) . The unofficial number will put it almost on par with the depression jobless crisis. The danger of high unemployment also feeds right back into the financial sector because of repossessions, arrears on mortgages and lower consumption. It will causes a worsening of the financial and retail sector which feeds back to the real economy again.
2) We saw major bankruptcies, such as retailers Circuit City and Linens and Things. One bankruptcy after another. Then we saw store closings. Starbucks, Home D&D Power and down the line. With malls,stores and offices closing down due to poor business and layoff, commercial mortgage timebomb will be bigger than the subprime crisis . The question becomes who is going to take all of the vacant retail space? Who is going to rent it? The answer is - nobody. Now we look at the financial collapse in 2008, we saw the Merrill Lynch mob go under the bed and the Lehman boys went bankrupt. You saw bond companies, brokerage firms, and banks go belly up. Who is going to rent all the vacant office space that they used to occupy? The answer is - nobody. The commercial real estate collapse that’s going to happen in 2009 is going to dwarf the residential real estate collapse. US banks will have no more mean to absorb those losses and have to be nationalised.
3) Sovereign debt for eastern Europe and southern european like portugal,spain and greece have been downgraded for fear of default. Sovereign debt default from Russia and UK also possible as their currencies have been sharply devalued just over the last 1 month.This will be a repeat of 97 Asian currencies crisis but many times bigger. The collapse of UK economy will send a shockwave 100 times bigger than what we have seen from Lehman Brother debacle. In addition, municipal bonds in the US will also default as well like California is heading toward bankruptcy
We’re going to see the economic collapse the likes of which the world has never seen before. It’s not only in the United States; it’s going global. At the end of 2008 we saw Christmas retail sales: women’s apparel down 23%; home furnishings and electronics off 27%; luxury items down 35%. These are Depression Era collapses.
It is possible that the current crisis can be worse than the Great Depression, perhap call it the Greatest Depression. Back then in 1930 deperssion,most American didn’t have homes. There was no such thing as home equity loan. And back then, people didn’t have credit cards. The consumer wasn’t 14 trillion dollars in debt. United States had a manufacturing base that built the world out of the Great Depression following World War Two. Uinited States no longer have that.
Seriously DJ could hit as low as <3000!! STI <500!
If that really happens, you will see many big bosses driving Lambo, Merc, Ferarris become taxi drivers...
My Dad was one of the casualties in the late 1980s...
He drove many many types of cars during his time, Merc, Honda Prelude, Lancer, etc, stay semi-D in Kembangan... when he died, the very last car he drove was a Citi Cab taxi and the last property he owned is a 5 Rm flat...
Life is such, how much you can eat, how much luxuries you can enjoy is all fated one...
I have always lived by this piece of wisdom derived from my older generation's story... Be content with what you have and be happy!
Cheers!
Put in milo tin also have to be wary of thief.
Put with fund manager also have to be wary of thief.
The only difference is the attire.
It's the same now but now on the opposite direction. HAhaha
Normally I keep them for more than 10 years, my average returns is about 16 fold
Wun be going in until STI drop below 999 but this time round a bit tricky picking out the companies that will survive
Normally I keep them for more than 10 years, my average returns is about 16 fold
Wun be going in until STI drop below 999 but this time round a bit tricky picking out the companies that will survive
Hahahaha! Good for you.
Just another simple strategy, whatever Jinx touch, don't touch, sure turn into dog shit one in a while...
That should filter out plenty of time bombs and land mines for you to cross to the land of richness safely...
Hehehehehe!
good point.
Here is a feel good real story. Shophouse burnt down many years ago. Policeman was asked to keep guard until next morning. Owner, Ah Pek came down early next morning looking around for something and found the policeman sitting on a milo tin.
He pointed at it and the Policeman handed it to him. He opened it and all his savings were in there intact.
You know something I don't or do you know the same thing I do?
You stupid cock !!
Now is the best time to buy high dividend blue chip stocks !!
Don't tell me you keep your money in milo tin below your bed ah ??
Very true!!
I have a fixed desopite of 20K and after
21/2 years, I go and collect my interest
only $500+
I have 10 lots of SPC bought at $1.66
many years ago, each year the dividend
is $4000 before tax, and the tax can offset
my income tax. Without selling the share i
have made some money with it already.
How much, how long i must put inside the bank
to get this kind of money?
Now i have took out the money and waiting for
good price to buy share with good dividend.
I agree 100%. Only a broker will ask you to buy and keep at this time. See today DOW. First time since 1997 it has break through the safe haven goinbg below 7000 pts. Buy buy buy lah....dont say alibaba didnt warn you...he is a thief and he knows the wall street theif comittee mah
Then you should figure out how to make money from it.
Staring at it go down to 1000, then say it will go down further
will not benefit you in anyway.:p
Trump is already gone,can Sheldon be far behuind?
I think not,even PM Lee claims that he inspects the build up of resorts every other day.
Where is the money?PAP
For once I have to agree with ahleebabasingaporethief , we have not seen the worst yet. For those who think of averaging in this downward spiralling market it would be catching a falling knife. Your bullets would be used up and when the likes of DBS, Capitaland and the other blue chips company issue rights issues, you would be caught high and dry. With bullets all spent, you have got no $$$ to subscribe to the rights issue.
If history repeats itself, the worst crash would occur in oct 2009 . The worst crash in 1929 occurs in october 1929.
If history repeats itself, the worst crash would occur in oct 2009 . The worst crash in 1929 occurs in october 1929.
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