The market is slipping downward on a fast track spiral with very little sign of abating. From New York to London to Berlin to Hong Kong to Shanghai to Tokyo, its all going down and down with no end in sight. It has been a year since the subprime problem in the US first surfaced. I knew it was bad but I never expected it to be this bad.
The KLCI is now below 900 points. At its peak about a year ago, it was at about 1400 points. How much further down will it go? 800, 700, 600, 500 or even 100 points?
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