More Bad News as US Dow Jones Slips Below 6780

Fear & Gloom shadows the World Market as US Dow Jones Slips below the 6780, even went as low as 6755. US Dow Jones are now at the Lowest Level in 12 Years. US Dow Jones Historical high was 14,198. It has dropped more than 53% in within the last 18 months.

Scary huh? Imagine the wealth of most Billionaires has reduced to more than half gone within a period of 18 months.

An article today shows that Japan is now in the worse Recession since the World War 2 era. Suffering more than US & Europe. Toyota the world biggest Car Maker suffered a USD$ 3.6 Billion Dollar Loss. AIG Slumps as it reports a total loss of USD$62 Billion for the last quater 2008 4Q. Japan suffered the worst GDP drop in 35 years history. Singapore Economic Growth dropped 5%, the worst since 1965. This is even worst than 1997/98 Financial Crisis. We are not doubt in the Eye of the Storm. 12 Years ago its was only a Asian Financial Crisis. Now, its a World Market Problem.

These are hard times for alot of companies for the last year, its almost a never end of bad news from the Financial Market World Wife. So brace yourselves for a ride.