ASIAN markets had a panic attack yesterday on fears that the financial crisis was fast resembling a runaway train that no amount of intervention could stop.
Investors across the region sold off shares at any price as they rushed for the exits, echoing the sort of alarm last seen during the Asian financial crisis and the 1987 Black Monday cras

More to come. Brace yourself.

The poor has nothing to lose already. These poor women can kook to xiao wei for some work.

History has it.Cycles and The Law of Gravity work all the time.......gloom for some now and near future but opportunity for others in long run. Ultimately, money makes money, if you have none, you can only watch the yoyo game.

When and how will the house of Capitalism fall and collapse into a Heap? Think harder loh.

The fundamentals in Asian countries like Japan, China, India, South Korea, South-east Asia, etc. are sound.
The financial chaos in the US and Europe will, of course, have some negative effects as these countries form a substantial part of the market for exports from Asian countries.
However, there's no reason for Asian stock markets to go into panic driven dives.
It will do well for the media to avoid over dramatising the situation.
Political and business leaders should also come out to assure the public.
Panic builds on panic.
In a CNBC discussion last night some experts were already making recommendations on which sectors of the economy to buy into.

LOL, what fundamentals? Europeans countries said that too a few months ago! We have the same property bubles like all the rest of the affected countries. 2/3 of our GDP depends on export. Costs are getting higher, and our wages remain pathetic. Housing affordablility was at all time low. (Which I find it strange for our government never publish this figures.) Lechengiau u may be one of those that are heavily vested in stock. Good luck.

#7 patrickcnc

For your info. I do not hold any stocks or investment property currently.
You say 2/3 of our GDP depends on exports.
But how much of it depends on US and Europe.
There are a lot of things you need to buy, even in an economic downturn.

If we don't stop the criminal wastage of food and resources [including pollution and making the earth now undergoing overheating], mankind will enter deeper and deeper into darkness facing more deadlocks and deadends in all aspects of human activitives and human lives, isn't it?

And that is the Real Hell for this physical realm, isn't it?