Now that the turmoil of the financial shocks are coming to an end, market is calm for now. But I believe we will experience another new shock in 2H08 when the global economy begins to tank. Many economies will begin to feel the effect of expensive oil - US$150/barrel is within sight. My take is stockmarket will fall drastically from around August. The water rat will come to destroy the fire (stockmarket). I also believe the prices for non-landed properties will fall painfully by 2010.
A reflection from Hell