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
1 comment:
Only after all the bad news have been discounted will we see a better market in 2009. So it's not a bad idea to pick up some good stocks during the 2H08 sell down and take profit in 2009.
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