Wednesday, February 6, 2008

Dow dow dow down

U.S. stocks tumbled the most in three weeks after service industries fell to the lowest levels since 2001, reinforcing speculation the economy has tipped into a recession. "As the recession unfolds, then profits will disappoint,'' Stuart Schweitzer, who helps oversee $420 billion as the global markets strategist at JPMorgan Private Bank, said in a Bloomberg Television interview from New York. "It's already under way.'' (Bloomberg, 6 Feb 2008)

I know it's Chinese New Year tomorrow, I promise you, if I could do anything to lift your mood and sentiment about our market I would. But on a positive note (I am really trying), CPO prices are reassuringly high to maintain interest in plantation stocks, election is looming and we haven't seen the end of M&A activities.

Better?

Please don't shoot the messenger.

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