tag:blogger.com,1999:blog-18183714.post3386900923421344654..comments2024-03-08T20:25:35.963+08:00Comments on Malaysia-Finance Blogspot: Roubini: More Doom Ahead (Foreign Policy)SalvadorDalihttp://www.blogger.com/profile/06868577716920232901noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-18183714.post-30381212255543444532009-01-08T10:52:00.000+08:002009-01-08T10:52:00.000+08:00I think the recent 24% rally from Nov's low is...I think the recent 24% rally from Nov's low is a bear market rally that is ending as we speak.<BR/><BR/>How low can it go?<BR/><BR/>Assuming EPS for S&P500 is USD40 and PER trough of only 10x => index of only 400.<BR/><BR/>More skeletons will be revealed as the low tide continue to expose wrongdoings in the past. Expect more cases like Madoff and Satyam.<BR/><BR/>Satyam's revelation is simply unbelievable. The Indian version of Malaysia's Transmile at a global scale !!! My goodness.<BR/><BR/>I would think that some high fliers in Malaysia are in the same boat as Satyam - just waiting for blowups.<BR/><BR/>"When in doubt, do nothing."<BR/><BR/>Happy New Year 2009stonemanhttps://www.blogger.com/profile/03609259132558988573noreply@blogger.com