Our Bursa doesn't fall as sharply as other stock exchanges because it's dominated by local funds, some of which use our money to prop up the market (which offends my libertarian sensibilities). But if global recession comes, it'll also be pummeled into submission ..... and I'll take great pleasure in that.
But just to hedge my bets, I've opened a cross border trading account. There are a couple of blue chips overseas currently trading at 50% below its peak price, and offering DY of above 10%. I will not be denied my Day of Victory
IMHO:
1. GE13 by year end. Agree with forumers on that.
2. Global recession will come this year or next. Unavoidable. Only question is whether it's mild or bad.
Oct 4 2011, 05:02 PM
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