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BRICS down more than 50%
By admin | October 25, 2008
Brazil Stock Market is down 57%, Russia 75%, India more than 50% and China the same.
There were some economic experts who clung on to the Decoupling Theory that China and India will be insulated. They have been proved wrong, as the world moves towards a Global Depression.
Gold rebounded from $681 to $734 per ounce, as investors think that Gold is a safer haven.
Warren Buffet has started buying. He says ” Be greedy, when others are fearful and be fearful when others are greedy”. But Jim Rogers is very bearish, saying that the market may fall furthur.
Let us wait for the Nadir. Let us not rush into buying blue chips now. Let us wait for the market to hit rock bottom. Only after we get the Nadir, can we think about investing !
Topics: Stock Market Astrology |
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