23#
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小 發表於 2008-2-7 14:19 只看該作者
It is *very likely* that the HSBC will go below $100 this year.... we all need to be a bit patient to wait for the unravelling events to hit the news headlines... IMO, it is not exaggerating to say that a meltdown or catastrophe of some sorts in the financial/banking system is waiting to happen... this is a systemic financial/banking crisis...
so it is risky to be invested in financials stocks (especially the US and UK)...
There is only one possible factor that HSBC could go up at an accelerated pace, that being *higher and higher inflation* (just like the DOW for the last several years, and this applies to most stocks, not just HSBC)... if inflation is bad enough, HSBC might even reach $200... but then, a slice of bread could cost $15, $20 or more...
inflation here means monetary inflation in the sense of expansion of credit and money supply in a low interest rate environment... because we are importing the inflationary policy of the US Fed as we are pegged to the USD...
[ 本帖最後由 hardcat 於 2008-2-7 14:38 編輯 ]
If you don't trust gold, do you trust the logic of taking a pine tree, worth $4,000-$5,000, cutting it up, turning it into pulp, putting some ink on it and then calling it one billion dollars?
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