Will it fall below IDR1,000.00?

Today's IDX composite index hit IDR1,166.41. It has fallen almost 50% from last month's value. It seem everybody went silent, even an investing milist which I join is silent as well. Maybe everybody busy on determining whether they'll do cut loss or cut loss. The bruise is too deep to hold the pain. It seems that hold is not an option, since uncertaintity is shadowing all stock exchange around the world, and it seems that the most of the player is merely small time operators with limited fund.


Uncertaintity seems very clear meanwhile dollar rate for buy and sell have range more than IDR1,000.00. Here is the snapshot from Bank Mandiri.

To be frankly, I glad with this dollar price, the higher the better, in a hope that it will stimulate export, and it will became a natural barrier for imported product for entering this country. We must aware that since dollar is weaking againts yuan, "made in china" wont be competitive in America, therefore we could be the next target of these rubbish.

Back to the stock, what the hell happened actually? Is this composite value depicting the real value of the companies, so in past days it was cooked to make it valuable enough to pull foreign credit and investment?