引用:
原帖由 ABCTAM 於 2008-10-17 01:54 發表 
Stock won't down down down to 0. The bottom is coming soon.
Mr. or Ms. Balabala08 please don't laugh. A lot of people loss their job because the down side market.
I know I am foolish, however ...
I really do not suggest people to take advantage of the current stock market even though the HSI is down by 467 to 14,762 points today.
The fundamental has changed. The economic outlook has turned and become pessimistic. Banks will take a longer time to restore confidence with each other before reestablishing new lendings to commercial sectors. Businesses are dramatically dropped and far from bottom.
The PE of HK stock market, around 10 times, is only based on previous earnings rather than expected earnings which should now be substantially discounted. Once the quarterly reports of companies are out, the PE will rise a lot, meaning the current PE should also be discounted to relect the true value.
So HK stocks in general are not really cheap.
PS By the time I finished writing this line, the HSI further lowered from 14,762 (at around 4:06 pm) to now 14,554... Smell something fishy????
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本帖最後由 COO 於 2008-10-17 16:21 編輯 ]