At present, all Stock Exchange are suffering from down trend in the world. Give some ideas about stock exchanges of the world in future ? What will people do at this level ?
Even seasoned economists would have trouble telling you what will happen right now. The markets are driven by human emotion which can change from day to day. Fear holds people back. Best to act without fear but do as much as you can.
I'd bet that Sensex might go down to 7k-6k before this year end. But, be ready for mighty bull run in 2009. Watch out for Muhurat trading, on the day after Diwali... That should tell you trend for the year to come. Better, start buying some quality stocks now and more at each fall. Wait for 1 - 2 years and your money is gonna multiple itself..
Well, the stock exchange hit a rock bottom today. The Australian stocks dropped so badly that some shared only cost 30 cents. So far, there had been a loss of 70 billion because of Stock Market meltdown worldwide. The future? I think definitely we'll be hit with a global recession and economists suggest that there is more to come.
Though none of us would like to see it drops. But I am afraid it is the beginning of the drop, that is blobal recession.