Bespoke's International Market Snapshot [View article]
In my opinion ^ssec and ^hsi have at least another 10%-15% drop ahead. I have puts in FXI with a $20 strike for Jan 2010. We are looking at a bear that last at least twice as long as the last decline 2000-2003 due to the world wide loss of $25 trillion in equity capital. China and Russia billionaires are down big time... No one can say how bad it will get.
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In my opinion ^ssec and ^hsi have at least another 10%-15% drop ahead. I have puts in FXI with a $20 strike for Jan 2010. We are looking at a bear that last at least twice as long as the last decline 2000-2003 due to the world wide loss of $25 trillion in equity capital. China and Russia billionaires are down big time... No one can say how bad it will get.
Oct 17 08:18 am
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