Its quite amazing to see so many "expert" predictions/analysis here in this thread, yet few if any millionaires being made
i dunno how good is the foresight of this IMF expert.. however worth listening to.
IMF's Lipsky warns of 'unthinkable' in global credit crisis
Posted: 13 March 2008 0241 hrs
WASHINGTON : The International Monetary Fund on Wednesday warned authorities worldwide to "think the unthinkable" in planning to cope with a mounting crisis in the global financial system.
John Lipsky, IMF first deputy managing director, called for "decisive policy action" amid a credit crunch that stems from the US real estate meltdown and is spreading throughout the financial markets.
The coordinated actions by the US Federal Reserve and other global central banks on Tuesday to further pump billions of dollars of liquidity into financial markets were "helpful" but stronger measures may be necessary.
Policy actions worldwide to date "may not prove to be adequate" to deal with the "low-probability but high-impact events" that may materialise and undermine global financial stability, Lipsky said in an address at the Peterson Institute for International Economics, a Washington think tank.
"Policy makers as a matter of course need to 'think the unthinkable,' and to consider how they would plan to react if contingencies arise. The need to prepare more systematically for potential risks has been demonstrated amply during the past few months," he said.
"By now, there is little doubt that risks of further escalation of this crisis are rising and decisive policy action will be required to put the global financial system and economy on a firmer footing."
He said the first priority was to reverse the spreading strains in global financial markets and to restore the normal functioning of the financial system in advanced economies. - AFP/de
Last edited by raincool2005; 13th March 2008 at 11:14 AM.
Last edited by raincool2005; 13th March 2008 at 12:21 PM.
Any rally is opportunity to off load stocks. Those who sold their shares during yesterday rally were laughing their way.
Market dropped today.
In today market conditions, I will not hold any stocks for a period of time. Once you make profits, sell them to realise it, and not sitting on paper gains.
Unrealsied profits may turn out to be lossses.
Those who try to trade in this climate is akin to walkin on eggshells
Last edited by vince123123; 13th March 2008 at 04:56 PM.
Took a big risk and loaded up at the close yesterday...... looks like it will pay off.
if only i had time to monitor.. i will short the market like my fren... he has made enough profits to buy a car liao.
long time never trade, so decided to do so today
made $104 in profits.. good enough for transport and food for this weekend.
so how is the rest doing ? USM , u got made money ?
Last edited by raincool2005; 19th March 2008 at 04:46 PM.
Cosco Corp and Yangzijiang were one of the darling stocks for the last few months.
Many people went in to buy so as to ride the momentum without studying carefully on the stocks.