The bottom will be somewhere in the next 12-24 mths. ie Dec 09 to Dec 10.
What? 24 mths? So my portfolio has to suffer another dunno how many % downside? What kind of prediction is that!??
Well, let's start with the disclaimer first, nobody ever predicted nothing. Bell said nobody needs phones, Ford said nobody needs cars, and the most famous one: Bill Gates said nobody needs computers. So that is just my contribution. It won't be right. Maybe we have already seen the bottom. Who knows? Maybe we didnt avoid the Great Depression scenario. We just don't know yet. Ok, let's get to the facts.
Few trillion dollars have been forked out. Wall Street will be rescued. Global coordinated efforts to help stabilize the whole banking and credit system have done the trick. The life-and-death crisis has been resolved for now. We are out of the ICU, for now. But the stock market keeps tanking!
Well, the patient is still very sick. Still on drip and breathing weakly. It takes time to heal. There are still bad stuff in the financial system that needs to be cleared. More disposals and write-off before we are good to go. May go back to ICU again also. But chances not high. Hopefully! We don't want Great Depression II. Read more...The bottom will be somewhere in the next 12-24 mths. ie Dec 09 to Dec 10.
What? 24 mths? So my portfolio has to suffer another dunno how many % downside? What kind of prediction is that!??
Well, let's start with the disclaimer first, nobody ever predicted nothing. Bell said nobody needs phones, Ford said nobody needs cars, and the most famous one: Bill Gates said nobody needs computers. So that is just my contribution. It won't be right. Maybe we have already seen the bottom. Who knows? Maybe we didnt avoid the Great Depression scenario. We just don't know yet. Ok, let's get to the facts.
Few trillion dollars have been forked out. Wall Street will be rescued. Global coordinated efforts to help stabilize the whole banking and credit system have done the trick. The life-and-death crisis has been resolved for now. We are out of the ICU, for now. But the stock market keeps tanking!
Well, the patient is still very sick. Still on drip and breathing weakly. It takes time to heal. There are still bad stuff in the financial system that needs to be cleared. More disposals and write-off before we are good to go. May go back to ICU again also. But chances not high. Hopefully! We don't want Great Depression II. Read more...
