Ohh oooo looks like shitty days once more

This morning i logged on and found the local bourse had dipped below 1,300 points in as many as several months now after Fed Reserve Chairman Ben Bernanke's triumphant declaration that the US economy is out of the woods. Well, the US economy may be out of the woods, but Europe sure ain't getting out of the briars not yet by a long shot. In February this year i wrote about the coming great bust of 2010. My prediction looks almost like coming true earlier than i had thought. What with the sovereign debt crises in Greece/Europe, China's recent tightening of credit to stem property speculation and our nascent/very wobbly recovery and raising of interest rates, the stockmarket unsurprisingly took a dive. But perhaps it's just going to be the stockmarket taking a battering/going into correction mode and NOT the economy as a whole. Singapore registered its strongest first quarter growth since the 70s and we're doing pretty well too. Bargain-hunting time? Little grasshopper, the tender green shoots of recovery may remain tender for some time yet. I was really hoping nay, praying even for "De-coupling" vis-a-vis the Developed countries such as USA & Europe versus the BRIIC countries (Brazil, Russia, India, Indonesia, China). But it looks like babylon (Europe) may yet bring us all down like a house of cards. Now is the time to see whether De-coupling has a place in our common vocabulary or it's just wishful thinking/pipedreams. As Suze Orman says and Yours Truly couldn't agree more with her: "Remember, people first then money then stuff". Suze my darling pumpernickel, you're the best.