Madsumm 1st Gear October 6, 2008 Share October 6, 2008 (edited) DOW hits below 9800 (down 550+ points) S&P500 hits 1st time 4 yr low Crude $88 a barrel 30yr note down...... SG, down 5.61% in just 1 day... Indonesia, down more then 10% Guess economy had just fallen off the cliff... Pull out the red carpet.. welcome the recession. And congress is arguing the renumeration of CEO of bankrupted Lehman Brothers??? Talk about totally missing the point... Edited October 6, 2008 by Madsumm ↡ Advertisement Link to post Share on other sites More sharing options...
Marquee Clutched October 6, 2008 Share October 6, 2008 It is indeed a big screw up in the global economy. Again, my sympathy to those waiting to enter the workforce. Link to post Share on other sites More sharing options...
Cheekg98 1st Gear October 6, 2008 Share October 6, 2008 Dow sinks 700 pointsIndex falls below the 10,000 milestone for the first time in nearly 4 years as fears grow Link to post Share on other sites More sharing options...
Wanderer Clutched October 6, 2008 Share October 6, 2008 No need to sympathize them lah..... it's up to them to manage and re-adjust their expectations now Link to post Share on other sites More sharing options...
Robo 2nd Gear October 7, 2008 Share October 7, 2008 nothing new... expected, from 2 wks ago... i stayed out of the mkt from den... Link to post Share on other sites More sharing options...
Hoppe Clutched October 7, 2008 Share October 7, 2008 here we go again.... This is gonna affect our daily lives one way or the other. Link to post Share on other sites More sharing options...
Yuan 6th Gear October 7, 2008 Share October 7, 2008 DOW hits below 9800 (down 550+ points)S&P500 hits 1st time 4 yr low Crude $88 a barrel 30yr note down...... SG, down 5.61% in just 1 day... Indonesia, down more then 10% Guess economy had just fallen off the cliff... Pull out the red carpet.. welcome the recession. And congress is arguing the renumeration of CEO of bankrupted Lehman Brothers??? Talk about totally missing the point... It is time to move back to Stone Age. Link to post Share on other sites More sharing options...
Donut Supercharged October 7, 2008 Share October 7, 2008 alot of ppl will be jumping down from our high rise buildings and MRT tracks..... Link to post Share on other sites More sharing options...
Newbie_driver Neutral Newbie October 7, 2008 Share October 7, 2008 how come petrol price never went down..... maybe the equation is oil price increase, petrol price increase at the same pace oil price drop, petrol price wait till complaint overloaded.... Link to post Share on other sites More sharing options...
Genie47 1st Gear October 7, 2008 Share October 7, 2008 A negative 5% is considered a crash. Link to post Share on other sites More sharing options...
Sgnick 1st Gear October 7, 2008 Share October 7, 2008 Stupidest joke of the year: Oil price go up become excuse for share prices to drop cause they say cost go up, oil prices go down also become excuses for share prices to drop cause they say lower demand for oil means economy slowing down Link to post Share on other sites More sharing options...
Madsumm 1st Gear October 7, 2008 Author Share October 7, 2008 Yep.. coz we are not talking about individual stocks... Its the equity indices. All over the world... its played bad. DAX 30 down 7%, Nikkei hit below 10k.. Strangely, fix income (bonds) weakened as well.. almost seems like central bank is pulling out the gains in bonds and dump into the equity market to supplement the credit crunch? beats me man... anyway.. good also, after this, US will not be the strongest economy, most of the major banks and companies will be sold to either Asia or Middle east. Link to post Share on other sites More sharing options...
Robo 2nd Gear October 7, 2008 Share October 7, 2008 yupz. petrol price increase, utilities also increase, telephone charges, bus fare mrt fare.. all increase! im wondering wads next. next time go toilet take lift all must pay $ Link to post Share on other sites More sharing options...
Genie47 1st Gear October 7, 2008 Share October 7, 2008 There is so co-variance but do note that the USD and JPY surged. In the end, the bonds got gains from forex. Link to post Share on other sites More sharing options...
N00b 4th Gear October 7, 2008 Share October 7, 2008 think the market is going 2 slide dwn more Link to post Share on other sites More sharing options...
N00b 4th Gear October 7, 2008 Share October 7, 2008 lol...and when it comes to the year end review, they will have record profit again! Link to post Share on other sites More sharing options...
Nhyone 4th Gear October 7, 2008 Share October 7, 2008 What crash? Today STI green color. Link to post Share on other sites More sharing options...
Aimnfire 4th Gear October 7, 2008 Share October 7, 2008 time to invest in gold ↡ Advertisement Link to post Share on other sites More sharing options...
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