and ... how about our own backyard? you ever warn us about it.
MD On 11/30/08, Elaine Sui <[EMAIL PROTECTED]> wrote: > *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." >> >> >> >
