STI drop near to 3000 level.

Now is only begining of the year 2008 and is only the first month of the year 2008. We can see this bad market sell down at this time, this maybe mean we can see even bad than this in the coming future. as What I know those banks bad loan write off will last until mid of 2008 or Q308 the later, after that may will have a turning point in the market.

Now we have to watch Fed Chairman or US president are they able to resolve?

US is a country that alway printing Dollar notes this is one of the way to resolve or US govt. selling their asset to rich nation, selling Military Arm to some money to kill this problem that is second way of doing in US, this is what I know how they rise their money and there is a few method more...

Singapore analysts target STI will go 4000 level at this year end 2008 and 3000 is the expected low for 2008 but right now we already see STI at near 3000 today. no sure how low STI will go? We shall watch.