Originally posted by DiscoStu
View Post
Wait for the dead cat bounce.
-
Buying Opportunity
What's the sense in investing at the top of the market, get in now while the stocks are cheap.Leave a comment:
-
Doomed
http://news.bbc.co.uk/1/hi/business/7199552.stm
European stock markets have suffered sharp losses amid growing fears of a recession in the US.
By 1010 GMT, London's FTSE-100 index was down 1.6%, in Paris the Cac-40 fell more than 3% and in Frankfurt the Dax was down almost 3%.
It was a gloomy Monday in Tokyo too, as the Nikkei fell by 3.9% to its lowest close since October 2005.
The markets have taken little comfort from measures to boost the US economy proposed by President Bush on Friday.
The state of the US economy is very important to Asia's biggest companies because American consumers are some of their top customers.
In Mumbai stocks were also hit, the Sensex index fell 1,408 points or 7.4%, adding to an 8% fall last week.
The Hang Seng slumped 1,383.0 points, or 5.5%, to close at 23,818.9,
Australia's benchmark ASX 200 index closed down 2.9% or 166.9 points at 5,580.4, which is its lowest level for a year.
It was also the 11th consecutive negative day for the index, which has not happened for more than 25 years.
Markets in China, India, South Korea, Singapore, Taiwan and the Philippines also fell.
Should have stuck to BTL.
http://news.bbc.co.uk/1/hi/business/7199162.stm
Asking prices were down 0.8% in the five weeks to 12 January but the fall was less than the 3.2% slide seen between November and December.
Leave a comment: