Besides the most obvious clue that the stock prices are dropping like stones, lets count the number of ways to spot the blood in stock markets:
1) Brokers and investors committing suicide after losing a fortune.
2) Friends seeking advice if they should pull out their money from unit trust.
3) You start to see the word “recession” appear regularly in the newspapers.
4) Hot money fleeing various countries and sectors that were the darlings of investors not so long ago.
5) Relatives and friends telling you to keep your cash and do nothing.
6) Shopkeepers no longer look at stock prices during their free time.
7) More and more property advertisement in the newspaper.
8) A decrease of workload for staff in banks doing the settlement of trades for clients.
9) A decrease in the number of people patronizing your favorite restaurant.
10) Banks starting to retrench staff across the board, especially the equities department.
11) The amount of assets managed by wealth mangers is stagnant or decreasing.
12) More and more news of companies closing down due to mounting losses and insufficient cash.
This list is by no means exhaustive, please feel free to add on.
Cheers! Have a nice weekend.
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4 comments:
some new info on bright world ?
http://info.sgx.com/webcorannc.nsf/d21c0ed0b4a507cf482571b2003641d2/9bdbe87eefd0ab2d482574ec003f1af9?OpenDocument
13) When I see half empty restaurants on a Friday night.
14) When I see Christmas sales 2+ months before the actual day.
All these are signs, but they are not way to determine where is the bottom.
15) When you see more and more crowded public transport everyday.
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