With the major bailouts in the US and Europe (the latest being the bailout of Hypo Real Estate by the German government), we are now hit with falling equities and commodity prices. Oil price has dipped below US92 per barrel today and I’m wondering if that means a further reduction in the price of fuel to come since the government is reviewing fuel prices only a monthly basis.
This is one of the best times for you if you are an investor waiting to place your money into cheap and good investments. Most counters on the exchange are down today and signals the best time to pick up some blue chip counters. Commodities are also coming down with the CPO futures hitting a limit low today.
Are you sitting on the edge of your driver seat and ready to put into full gear to buy when the market is low? I only wish I have a large suitcase of cash to start going into everything!
{ 2 comments… read them below or add one }
I call it “false dollar rally”
There’s definitely no more rallying for now as everything is going down under, almost uncontrollably.