10-20% is a correction, not a crash.
Crash is 2008-2009. Large MNCs Blue chip down by 90%.
Are we in for a crash? very unlikely.
But emerging mkts quite highly valued(they gained the most during the recovery as well)
Nothing unusual going on, just Mr market doing his thing.
In 2008-09 which sti blue chip dropped 90%?
not sure "value stocks" frequently highlighted here are down sufficiently to have enough margin of safety to accumulate now, if using "sub-prime" crisis prices as rough gauge? means there is still vulnerability in prices? any ideas?
(13-06-2013, 01:15 PM)felixleong Wrote: [ -> ]In 2008-09 which sti blue chip dropped 90%?
Noble, Wilmar, YZJ ? I miss the old days where STI drop 100+ points every few days.
yes, agree with bibi.
for blue chips to half its value already means catastrophic damage.
i dun see the possibility of the average blue chip dropping 90%. cos that would mean sti drop till 300points left? how is that possible?
I still remember the index going down from 3800 to 1600, but i was still bery new to investing. I think this time unlikely to crash as much as the index came off from a lower 3450 level.
i wonder how bernanke sleeps at night knowing so many people's lives depend on his every word.
(13-06-2013, 01:52 PM)AlphaQuant Wrote: [ -> ]i wonder how bernanke sleeps at night knowing so many people's lives depend on his every word.
don't think he gives a ****
that's how much he cares. He is going to retire soon anyway and next person need to clean up his mess...