What is underlying reason for saying today crisis is fake, dear Elaine? Lehman banckruptcy, almost dying Citibank, half dead GM/Ford/Chrysler, and too many big shot to name it. Are they just acting “tumbal“? to the new world economy. Too bad huh?
Future is yes better than now, but at least why suddenly people make up mind too soon? Can't understand clearly. Rgds Powered by Telkomsel BlackBerry® -----Original Message----- From: "Elaine Sui" <[EMAIL PROTECTED]> Date: Sun, 30 Nov 2008 21:30:21 To: <obrolan-bandar@yahoogroups.com> Subject: Re: [obrolan-bandar] Global Stocks Will R ally as Prices Hit ‘Extreme’ Lows...iklan *Read carefully. The recovery is expected to happen in 2H09, by that time almost everything create a new highs (price discounts everything, anyone?). The so called crisis in the US is not real. There is no crisis at all, it's a stupid soap-opera on TV like CNBC, CNN, Fox, even OB, and other controlled media. Next year, ppl will already forget what's happening this year. Elaine** * On Sun, Nov 30, 2008 at 11:37 AM, sulistyo_winarto < [EMAIL PROTECTED]> wrote: > Global Stocks Will Rally as Prices Hit `Extreme' Lows, RBS Says > > By Alexis Xydias > Nov. 28 (Bloomberg) -- Investors should exploit the "extreme > opportunity" presented by stock valuations that have overestimated the > extent to which earnings will slump, according to strategists at Royal > Bank of Scotland Group Plc. > While European earnings may decline a further 18 percent, current > equity prices suggest the market is predicting a 45 percent drop, Ian > Richards and Graham Bishop, strategists at RBS in London, wrote in a > report today. U.S. earnings may contract another 15 percent, they wrote. > "Risk premia have hit extreme, and unsustainable, highs," they wrote. > "This has driven valuations to extreme lows." The price of European > equities relative to trailing earnings may almost double as investors > attempt to anticipate the bottom of the recession, according to the > report. > "We look for the U.S. economy to lead recovery through the second half > of 2009," the note said. "Markets invariably pre- empt economic > recovery and we expect equities to rise substantially." > > >
