Saturday, Oct 25, 2008
Scope of this financial crisis is very worrying
The Market Oracle: Financial Crisis Turning Into an Economic Crisis
This situation is no ordinary financial crash, this is definitely on par with what happened in the Great Depression.
Posted by v stor @ 10:49 AM (204 views) Add Comment
1 Comment
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1. Charles Turner said...
Brilliant article.
Many people are talking about buying into the stockmarket now becuase it is cheap. However, the value is still based on over weighted PE ratios of yesterday and those profits will shrink into nothing. I was going to buy in the ftse at 3200. However, I set that goal three months ago. 2000 might seem a high price in a few months time.