Dalal Street

harshad · Post by **harshad** » Nov 24, 2008 Views: 2406

As forwarded by a financial consultant, in Dubai.

Recession is coming... make your own judgment, don't panic! Do what is wise.

The recession looks very eminent. It is really time to take pro active steps to avoid a painful time in the next two years which is how long the recession
is expected to last.

Suggestions:

1. Don't take any loans; buy homes, properties with loans, or even cash. Keep as much cash as possible.
2. Pay off as much of personal loans, private loans, as debt collection will be hastened.
3. Sell any stocks you can even at lower prices.
4. Take money off from Trust Funds.
5. Don't believe in huge sales forecast from customers, be extremely prudent, lowest inventories, reduce liabilities.
6. Don't invest in new capital.
7. If you are selling homes/ properties/ cars, do it now, when you can get good prices, they are going to fall.
8. Don't invest in new business proposals.
9. Cancel holiday plans using credit cards.
10. Don't change jobs, as companies will retrench based on 'last in first out'.
Stay cool, wait, and if you took all of the above actions and more, you probably will be better off then many. This is not a rumor.

Bear Stearns is the first of many banking and financial institutions that will start falling in the not too future. If Bear Stearns can fall, so can JP Morgan, Citibank, HSBC, and the whole world. US economy falls, the rest will crumble.

India and all those self economies will be the most protected, but not gullible.

Europe may be a little stronger, but not China, another giant place!
Malaysia will see significant impact.

Be alert and pass this to your friends!!!

suchitra · Post by **suchitra** » Nov 24, 2008

Moneywise!

boldpisces · Post by **boldpisces** » Nov 24, 2008

Just a rumour

Post by **lovedesire** » Nov 24, 2008

" There were 60 people in a bus
which met with an accident :

All the 60 died.

Postmortem report reveals that :

2 People died of accident

58 People died of Panic "

Dont spread rumors.

harshad · Post by **harshad** » Nov 25, 2008

Guys i m not spreading rumours, I got these mail from my friend who is broker. I thought it must b true, thats y i shared it wid all of u. If its just a rumour then just Forget about it. & SORRY to all of u.

Post by **sheeza** » Nov 25, 2008

No need to sorry harshad. There are a lot of rumors posted on the forum.

So, Its Ok.

But don't spread the stuff which you already know that is a rumor.

harshad · Post by **harshad** » Nov 25, 2008

sheeza wrote:No need to sorry harshad. There are a lot of rumors posted on the forum.

So, Its Ok.

But don't spread the stuff which you already know that is a rumor.

Are madam i told na, I wasnt knowing that it is a rumour, I thought it must b the truth. Agar malum hota to mai sorry kyu bolta?