Is the market bottom yet ?

"Major stock markets in London, Paris and Frankfurt were 3 percent to 5 percent lower in the early trading. The story was much the same across Asia,

The Dow Jones industrial average lost 176 points, or 2 percent, after being down as much as 310 points earlier and recovering to within a few points of the break-even line. The Standard & Poor's 500 index and the Nasdaq composite both shed 2.2 percent......"

Above information from http://www.cnn.com/

What has the above news going to affect us ? When will be the bottom of the current market ? Is the situation now really as bad as 1930s Great Depression ? These are the thoughts i have for the past few weeks. Market have rebounded a little during pre and post obama election but frankly i doubt things will get better after that. There are a few reasons why i felt this way,

• the fundemental of financial system in US is not fixed yet (which means world market is going to get affected as well)
• recession have NOT gone full steam as jobs are not lost as much as expected (but i am expecting it to come soon)
• Singapore Airlines is not having full occupancy for their flights (a sign of world spending is dropping)

Frankly ,for the above question, i am still finding an answer. But there a few things i am quite confident in the near future,

1. jobs are going to be lost (please hold on to ur jobs)
2. market will still go down (STI to be estimated to be around 1300 to be the bottom point)
3. spending will reduce (also means look where u spend ur money)
4. financial sector will the most affected where in turns medical sector will benefit from the situation

There are lots of signs that 2009 is going to be tough for a lot of people (including IR emplyment) and therefore please do not be so particular about your jobs you are holding now and WATCH YOUR FINANCE WITH CARE. If you can save now ,PLEASE DO.