dow down again, page-15

cwliew

I think the market will probably be up and down like a rollercoaster for the next month or so. Someone will mention subprime a whole lot of nervous nellies will dump the stock and the funds will move in and laugh all the way to the bank (3 months later).

I don't agree on fundamentals (you might mean charting fundamentals) the global economy is still very strong, even if the US economy isn't. MBL and BHP currently are on what 11 times 08 earnings if that's overvalued then I'm a monkey's uncle, even allowing for associated risks.

All this subprime crap will blow over in due course imo (I could be wrong), the main medium term concern I have is oil prices and it's impact on inflation. This could have a severe negative impact on global growth, but I reckon this is about 12 months away...