I wish to highlight some key point here:
Previous session: US market drop on concern about Mortgage investor & the collapse of the Bear Stearn's Hedge Fund.
Subprime Loan Issue resurface again, and could it be worse?
Central Bank of New Zealand being challenged by investor, the intervention failed to neutralise the yen carry trade.
Business Time today reported a few interview done with the expert, pointed out there might be a major correction coming on the way, the magnitute could be 20 to 70 percent.
Oil price currently 69.14 per barrel.
Just as i am writting this update, US market headed down again about 141 points.
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