Tuesday, January 27, 2009

Layoffs Spread to More Sectors of the Economy

The New York Times,

To Investors, it is sad to know that retrenchment is happening in almost every sector. I just heard the latest news that one of my friends declared bankrupt. The truth scares you but if you were to think on a positive note. Companies are announcing so many bad news because it has to make its balance sheet look better in the 3rd/4th quarter to start pushing the economy back.

Yes, never before has this happen. Think about it, if you dare to invest a stock when it is at $8 per share but yet now at $2.40, why dont you dare to invest given the company has strong solid assets? What's the rationale? If the price is right and if you can hold now, I suggest you start making some good investments now.

Pick it up when the market is shaking cos it is where you can find opportunities.

Lucks.

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