Bloodbath on wallstreet : Oppurtunity to buy?

4 Comments:

1. 

   Neelam

   November 8, 2007 at 1:23 pm

   Lot of pessimissm as far as the the economic forecast is concerned for the next 1 year or so. So logically more downside to come if you see the macro economic picture. And assuming that the current forecasts have not really creeped into the market sentiments yet and would happen slowly. But again, having said that, I am not sure how much logic works for the markets 🙂
2. 

   Manish Dharod

   November 8, 2007 at 2:22 pm

   the previous one was my comment. Neelam was signed on my laptop.

   Some more update….During my lunch today, I picked up the Oct 15 edition of Forbes and I read an article about the possible recession of 2008. Here is an excerpt…… “Like many an economist before him, Bernanke seems to have downplayed a telltale omen: the INVERTED YIELD CURVE, IN WHICH SHORT-TERM RATES ON TREASURYS EXCEED LONG-TERM RATES. An inverted curve has preceeded within 24 months, every one of the SIX recessions since 1970. It barely presgaed one in 1989, and flashed a false warning once, in 1966, but has been on target 100% of the time when combined with steady Fed tightening, as in the last 3 years”
3. 

   Nilesh

   November 9, 2007 at 2:54 pm

   I agree with Manish as there are signs of the looming recession such as the credit crisis, sub-prime mess, oil rising and reaching the 3 digt mark, and finally the biggest sign the $$$ having a free fall against all the major currencies.

   However these are the times for looking at some good companies and adding to your portfolio.