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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