KakiGolf

THE CLUBHOUSE => Tour Talk & Golf News => Topic started by: ksyc13 on December 02, 2008, 10:23:58 AM

Title: Dow Plunges!!!!
Post by: ksyc13 on December 02, 2008, 10:23:58 AM

Is this the beginning of worse things to come? Logged on to yahoo and the first thing that was highlighted was this news. 

http://news.yahoo.com/s/ap/20081202/ap_on_bi_ge/financial_meltdown (http://news.yahoo.com/s/ap/20081202/ap_on_bi_ge/financial_meltdown)

They were saying that this time around it be very much worst since the great depression - even the 1997 financial crisis is nothing compared to what's coming.

Getting me very worried!!! Any advice on what to do and what to expect?

Title: Re: Dow Plunges!!!!
Post by: Aezam on December 02, 2008, 10:41:40 AM

Probably that's why "they" let Obama win the elections ... This will be the worse of times!

Title: Re: Dow Plunges!!!!
Post by: mrfeelgood on December 03, 2008, 12:49:51 PM

ayoyo! ... was with a fren the other day, he was saying his bro-in-law, who's working with one of the electronics MNCs based in Penang, was laid off - given only a month's severance pay - and his bro-in-law has 4 mouths 2 feed. Apparently quite a number of MNCs have started laying off theirs workers - I heard somewhere about 15,000 workers were laid off!  Dunno how true .. but if it is ... real scary-lah!!!

Title: Re: Dow Plunges!!!!
Post by: ksyc13 on December 06, 2008, 01:12:18 AM

Doesn't look too good - the Dow Jones Index plunge further down went it opened this morning ...