Wall St fell by about 680 points (7.7.%) overnight.
And the Reason?
"It is now Finally, Officially Confirmed US entered Recession LAST DEC!!"
Some of you had received my Email back in LAST DEC, at the time I stated,
"It was my Christmas Gift to you, reminding you US is ALREADY in Recession - how you are to protect yourself?"
Remember, Investing is all about "Thinking Ahead".
If one just waits for the Official Confirmation like this - you might have already lost 50-60% of your Wealth for failing to ACT before this WWIII!
And now even the Chinese Yuan is falling against US$ - defying the Appreciation trend since July 2005. So, what about Japanese Yen? Will it change its recent trend - being the ONLY currency keeps rising and rising against US$? How could a country that seems to have NEVER come out of Recession for the last 18 years could have such a Strong Currency?
The Reserve Bankof Australia (RBA) just made yet another 1% cut in its interest rate.
Some commentators stated back in September, once RBA starts to cut rate, the interest rate cutting cycle usually lasts for at least 2 years.
But remember, those days the rate was cut by 0.25% in one go. Whereas this time around, the rate was cut by 0.5%, 1%, 1%..... so what normally took 10 cuts (i.e. 10 months) in the past now needs only 3 cuts, so proportionally the circle should end 3 times sooner!!
And even at 4.25%, A$ is still 4.25 TIMES MORE than the US 1% rate!
Meanwhile, if one has a closer look of what the Chinese Stimulus Plan (and HK's too) offers should have noticed Big Money will be put into Building/Rebuilding "Infrastructures" (e.g. some of which into the Earthquake Effected Zone).
And Australia, being the Leading Steel, Iron, Copper etc. Exporting Country AND more closely linked to the Chinese Economy is Better Positioned than Most if not all Western Countries. (It remains the very few Western Countries that has a Positive Growth)
Do you think A$ will stay at HK$5 for long when its similar C$ is about HK6.2 at present?
If you intend to make a gain in the current "Mostly Losers" climate, you have to be "Two Steps Ahead."
To have a "New Thinking for the New Crisis."
Or insist on keeping your Old Thinking and Become Yet Another New Victim of the Never Ending WWIII.
Fate
Change Your Thinking, Change Your Fate
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