Dr. Huang warned since Sept 2007 again that global central banks, economist,market analysts and banking, finance company have misled the investors again that rate cuts, economic stimulus, rescue package will stop housing and stock market price slump resulted mortage , credit, financial crisis and recession.
Again they drag into 1980, 1990 style double inflationary recession and super housing bubble burst due to slump
in consumer and busiess spending,soaring jobless rate due resulted by
trillions housing and stock market wealth loss will continue into 2009 despite 7000 billion rescue package and trillion dollar mortgage bail out of bad assets, MBS.
Dow Jones will plunge below 7000 soon
while S&P will test 600- 700 NASDAQ test 1100- 1250- 1750 early 2009
details on
www.osawh.com/mortdefa.htm
www.osawh.com/SP500.htm
www.osawh.com/macro.html www.osawh.com/NASDAQ.htm
Comment by Warren Huang -Wall Street Journal Market Beat Blog Dec. 31 2008 at 2:43 am
