Wednesday, October 5, 2011
Buy & sell, not buy & hold. Economic cycles are getting shorter. With the steep drop in the stock market index i reckon S'pore has already entered reccession. The stock market is a leading indicator. Mass media only come out to announce is recession when is apparently clear- they wait & wait till is sure so as not to appear stupid in papers & news broadcasts.
I'm taken aback at the sudden plunge. Those who invested late in early 2010 when mass media reports of rebound & still holding on is highly likely to see losses now or back to square one.
It is a joke the current govt is subjecting the people buying flats to 30year mortgage slavery with its absurb price under such volatile economic times.