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Thursday, August 23, 2007

GLOBAL STOCK MARKET SLUMP....what to do ???

The reasons behind the crash are:

Poor judgment in lending to sub-prime lenders

A general fear psychosis

Weakening of the U.S. $ against the Euro , pound & other global currencies.

A widespread worry about the oil supply / demand ratio against the backdrop of the gasoline wars.

So, what’s the forecast ?

We think the market would go down a bit…….but there’s not that need to worry. Wait till it goes down by about 5% more…..

THEN BUY INTO SOME BLUE CHIP STOCKS.

……….AND HOLD ON.

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