Just look at the latest figures.
Yesterday was the last full trading day of the Wall St.
So far the index has fell by about 36.5% from the beginning of the year - on track to be the Biggest Annual Loss since 1931, during the throes of the Great Depression.
Toyota, the World' No.2 car maker, has its First Operating Loss in 71 years!
For the First time of this WWIII, a church has been re-possessed in US - and there will be more to come!
The House Price fell at its Fastest Rate in 40 years in US since the record began in 1968!
Even the China is having a Major Problem in its CPI, Russia is suffering from its continue Depreciate currency, NZ has its THIRD Straight Quarter Contraction.........
So, do you still believe what some "Experts" say,
"The World Economy will recover by the end of 2009"?
In fact, the Worse is getting Even Worse.
I saw a programme "60 minutes +" last Thursday.
During which, it was revealed the WWIII is soon to have another Major Battle, claiming even More Financial Casualties.
The Sub-Prime US$1 Trillion Mortgage has already created a Bigger than Expected Global Damages. Now it would be the turn of another US$1 Trillion Alt A-A Mortgage and the US$600 Billion Arm Option Mortgage to Extend the Damages Further.
There are more and more Defaults on these two types of Mortgage, some of them will have to refix its Mortgage Rate next year, with a monthly payment of US$800 to be jumped to US$1,500!!
And this mean More and Bigger Problems!!
Not to mention the Commercial Building market is also Collapsing and Collapsing Fast, so is the Credit Card market !
And about 30 out of 50 US States are in desperate need of cash to keep essential services going. Two states have already used up the "Unemployment Benefits" fund!
Do NOT Buy Now - it's NOT Bottom yet.
Unless you Act Extremely Fast and are Extremely Lucky, allowing you to make a Quick 15-20% Quick Speculation Profit within a Quick Timeframe (5-hour trading)
Plan Ahead for More Tough Times Ahead.
Fate
Stay Two Steps Ahead or you'll be Bagged
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