Market Plunge? Can we escape?
Past few weeks was an interesting weeks for everyone. I always hope that the market will do badly because you can get cheaper property only if there is market plunge.
I still remember the last time you can get a cheap Singapore property was the time of Asian crisis in 1997-1998.
Everyone is still euphoric that after AIG being taken over by US Fed, the money and subprime crisis is over. I am rather sceptical about that. Last friday KLCI rebounded almost 3.5% because everyone is hoping to see the light at the end of the tunnel.
I must warn you that the worst market plunge is still ahead of us.
No one can escape from US market slow down and we are expecting recession at the end of the year!!
Don't burn your hands if you plan to jump into the market today or next week!