Wednesday, November 26, 2008

Bottom?

It seems that everyday comes with more surprises.
Everyday is no longer "Normal' if there is No More "Roller Coaster" in the markets!

Britain had the biggest ever one day rise (about 10%) in its share market.
And Wall St had the biggest 2-day rise since the 80s.
Now, after Taiwan, even Japan is handing out "Vouchers", encouraging consumers to 'Spend, Spend, Spend" - to keep the economy going.

Yet, at the same time, there are More and More "Problem Banks" added onto the (US) Federal Deposit Insurance Corp., now 171 of them, Highest since 1995! And more "0" onto the US Federal Deficit!

Just when the Citi shares surged after the announcement of US Government bail out plan, the Rio Tino shares dropped by at one point over 40% in one day after the announcement of BHP giving up its take over plan!

Everything happens so Fast, so Large and yet so Extreme - from one side to the far other side!

One year ago, who would have thought the US to have a Black President?
One month ago, who would have thought Standard Chartered Bank to raise capital by offering a almost 50% discount in share price?
One week ago, who would have thought there are Two Presidents in USA?
One day ago, who would have the markets..................?

I have been asked many many times for the last few days,

"Are the share markets (in HK, US, Australia etc.......) at the Bottom?"

I have to repeat what I have been saying for the last 16 months,

"No, markets are NOT at the Bottom yet - and you have to smack your Bottom if you rush to buy without the Right Strategy and Right Mentality."

Then again, I could be Wrong.

But if I am Right, you are to join the "Financial Casualties" - even the once known as the "Middle East King of Shares", a Saudi Prince had a Paper Loss of over US$25 Billion as at last Friday!

Please keep your Money Safe.

Fate
CRASH is caused by Yourself and NO one else

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