I hope i have share the "PIGS" with you ahead of it being roasted by 2013.
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The PIGS are delicious for us trader, learn to short, it is going to be profitable, for 2013.
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[cheongwee 22-06-2012]:
Say now you are making less money( recession ), and still borrowing more, and then come next year your debt is due. How are you going to settle the bill?
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Do you have money to pay, But wait a minute, you say, how can you be so sure that i cannot pay, by then i would have recover and making money, so i can borrow more to pay the previous debt.
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Ok, what is your chances of recovering. Your recovering is not depend on yourself alone, even US depend on Euro zone, we depend on US, China, and China depend on Euro and US. You see we are globalised and join together, like a big ship, all riveted together, all the decks. if sink all go down. maybe a certain part still float above water, like maybe some country are solid, like Swiss.,we do not know, But Singapore will go down for sure, our STI will collapse.
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so what is the chances of them(PIGS) recovering?
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So this is obvious that you will be down and out for sure come next yr, plain and simple.
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"you" here is refering to PIGS.
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so if what if i (cheongwee) is wrong, well, then we just jump back in and ride it up. Loos a little profit is better than lossing sleep, Very unlikely that i will be wrong.
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But if i m right, the stock price got much more to go down till u loss your sleep like 2008 all over again, but this time , thing will be more pessimistic that we will see a new super low. How low i dont know, but lower than 2009 for sure.
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so it is ok, to sell and side line by Q4, the risk is greater by staying, because you should have seen 2008, mkt collapse fast, that you got no time to run, Leave early before the crowd rush for the exit.
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wrong you loss a few % point, right, you will be prosperous.
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the lsat time 2008, i make tons, i hope to repeat it this time around.
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I am making a suggestion, if it hurt to hear this, my apology, i just like to share and make sure my friend all here are safe and well. I do not benefit by posting here , except to incurr hate,because this may not go well with some of you.
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good luck.