We have seen huge gyrations in the stock markets; don't be fooled into thinking that we have seen the bottom...there is still so much muck out there. Just contemplate a house in USA sold at a depressed price of 88K two years ago then resold at 33k and the person cannot meet the payments! USA is in deep, deep pooh, now the Bank wants to get rid of it at 5K. Cheap though it be, there are no jobs to sustain one in places like Detroit, Toledo, Cincinatti and Good Years' home town.
The only jobs secure are health care, established Doctors, insolvency Lawyers and the like. So hold on to your money, cash it King. Even if the market stops falling all you will rely on is diminished dividends. I would advise Goans/Indians to hold money in Govt. owned Banks...the bigger the better like State Bank of India, Bank of India, Baroda, IOB and the like. October is a bad month for markets, Nov. Dec. if we don't show good gains then stay away. Lock your money in for 1,2,3 years at the high interest rates now available, unless you need it, in any case do not lock your whole amount, keep some for emergencies. Interest rates World wide are about to be enginnered down. All those who take my advice, you owe me a beer in Margao! Take care and happy hunting, God bless. -- DEV BOREM KORUM. Gabe Menezes. London.
