I've seen a few lines in the news saying things like its a recession like none other since the great depression in the U.S. Now that Japan has slipped into recession, it's coming closer to home. What will a trader do now?
Looking at the numbers and seeing that the dow is falling below 8000, Asian stocks are down to a 5&1/2 year low and the PSEi is lingering below 2000. It's not a good thing for most people.
But for the enterprising individual there are great buying opportunities ahead. Since most fundamentals have not swung so drastically as the numbers reflected in the stock market, there are already bargains out there. However, how the weakened global economy will change the way businesses are running in this country will be evident only after around six or seven months. I think this is why the consensus among investors and other stakeholders is that the real bottom has yet to come.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment