Passive Income for Life

Here’s a sample of the news of job losses I have been tracking since 11th Feb in continuation of my previous blogpost analysis of the global and Singapore economy.

• Walmart to cut jobs
• Nike may cut workforce
• Nike to slash up to 1400 jobs
• California could lay off 10,000 state workers
• Citrogen to axe 11,000 jobs after 343m Euro loss
• GM to cut 14% of jobs, maysell Hummer, Saab
• Nissan cuts 15% of Phillipine workforce
• Japan’s Pioneer to cut 10,000 worldwide
• Unemployment surges worldwide
• Air France-KLM cutting 2,000 jobs

That’s helluva lot of bad news just for job losses alone for one single week!

As seen below, both DOW and STI are on a downtrend short term. Though oversold, once and if the supports are broken, we will find even better deals for quality stocks!

As per normal, analyst reports have been uploaded regularly for your download at the top of the page. Everyone seems very cautious and bearish, waiting to get in at a lower price.