"It's time for change", declared a beaming Obama.. This election is a much needed one especially after so much has happened. No matter who won, either way should bring about a surge in stock prices world-wide. But it would not be substantial.
It is not expected that a single election can bring about a recovery. What remains to be seen, is the economic policy to follow and how sound is it. Looking at things from an optimistic point of view, the STI has fallen to its all time low.. Alot of stocks still remain pretty attractive.. If things hold out, barring any calamity, for those who dare, there will be rewards for undertaking what most won't dare. If world events worsen, alot more companies would be wiped out.. especially those companies trading at exceedingly low stock price or if the companies cannot withstand continous massive losses. For potential investors, it would be prudent to look at the company's financial statement to have a clearer picture of the cash in hand, over and on top of the much touted pe ratio...
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