Do you think crisis will be over soon?

@iman3004 (123)
October 13, 2008 3:19am CST
i followed the news in this few weeks, especially about global economics that it is said to be worsen as everyday there is a bad news. and now... it's terrible. all stock market fall into the lowest. i believe that in the near future, stock market will raise again, tough i dont know when it will be. how about you ? do you think it will raise again?how long it will be ?
2 people like this
3 responses
@schulzie (4064)
• United States
13 Oct 08
I don't think this financial crisis will be over soon at all. I can see it will probably take at least a year to start coming back up. I hope not, but I really don't see it improving drastically overnight. It is sad, I know most everyone is suffering these days. I just hope it does improve sooner than later. Have a nice day and happy myLotting!!!
• Malaysia
14 Oct 08
I'm from Malaysia, and we're not so badly affected as the US and Japan. But crisis over soon? I doubt. The moves made by the US government and few other central banks are important but it will not last long. The underlying problem is not fixed. What they're doing now is just to minimize the damage....which can be quite bad. Furthermore, investors are losing confidence...fast. When majority of the population starts to panic sell, the crisis will worsen even though the fundamentals are good. If you want to invest in stock now, be prepared to wait for at least a year.
@KrauseHome (35514)
• United States
13 Oct 08
Well, my whole thoughts on the matter, is it is a wait and see type of thing. Most everyone out there with Stocks, 401Ks and such are just sitting back waiting and hoping for something Good to come from all of this, but a lot of them know it could depend on who wins the Election in 3 weeks, and what type of things can be done to help our Economy as a whole grow stronger again from there. Many of us are Quite scared, and having to make some changes on things we thought we would never have to make. I just wonder how long it will take if their is a change for things to ever get at least liveable more again.