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| Probably nothing new, but also pretty much sums up what I feel about the market right now
環球股票大平賣
Especially the last part:
"而多數投資人士表示，不得不承認，在過去幾個月的危機中，市場已下滑至非理性水平；如果是長線投資，那揦現在是入場的好機會，但若作為短線投資，目前仍是危機四伏。"
But I would also point out that if you think there is going to be lots of short-term fluctuation, then it is a completely reasonable strategy to take some of your non-stock investment $$ and wait for another mini-crash (don't tell me there is going to be another big crash) and add some more to your stock portfolio. What you should not be doing is not invest at all and wait for the drop, because it may not happen, and if you forget about it the market may be up 20% before you know it.
You may not believe it, but that's exactly what happened during the SARS months.
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| Are the stocks cheap enough now?
But the most shocking is that while Asian stocks market has completely crashed (HK dropped 20% the last 2 days), the US market has remained (relativley) flat, only down 3.5% on friday and is flat today after the market opens. What would happen next, I have no clue.
But if you're too scared to buy stocks now, at least don't sell them when they are down 40% (or more) already. The market is obviously in panic selling mode, and the current price really have little correlation what these stuff are truly worth right now.
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| Guys, if you have spare $$ (and I mean spare that you don't intend to use in the next few years, even if you lose your job for a few months), get some money into your brokerage account and get ready.
Now is a global selloff, triggered not by the weakness of the US economy, but the Europe economy. How badly things will be I can't tell, but even at current level stocks are bargains and it will surely get worse before it get better
So if you have zero investment, it's a good time to change it to a non-zero number. If you already have some investments, you may want to wait a little before increasing your exposure......
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| Today NASDAQ had a system error that turned into a very un-friendly prank for many.
Click on the picture (twice?) to enlarge.
And one more link to describe the event. Pretty sure tomorrow there will be a long article on this written by news reporters.
http://www.forbes.com/feeds/ap/2008/09/30/ap5492008.html
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| Bailout failed! The market is crashing!!
Wait.... the market rallied today on not too much of concrete news.......
Welcome to the world of financial uncertainty and why investing short term is so hard
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