The long weekend coincide with the "correction" will give me time to assess the situation and see if there's any worth buying.
Bear hunting season is here!
Agreed.
In fact WB says something (many Gurus too) like this : (Correct me if i am wrong).
"If you can not stomach a stock portfolio loss of 40 to 50% (it can happen if a black swan suddenly appears), you should not be in the market in the first place."
Another words not everybody can take the "natural extreme volatility" of the market that will happens from time to time. If you can't please stay out. But then paradoxically or ironically you only know whether you can or not after at least surviving two very bad bear markets. IMO.
Well, maybe some people knows they cannot be in the market by just observation of the volatility of the market. No worry "Low Risk, Low Return" in the the long run may be better for you. Maybe better even than some of us.
what WB say is very true
for STI, over the last 2 decades there has been three 50% corrections!
if one cannot tahan and sleep well in a bear market, one should ask himself if he should be invest in stocks
[Image: crash+3.png]
Japan's 7% drop is scary...
Europe open DOWN 2%
I wonder how will US go down tonight?
heng we tomorrow holiday, take a breather first... see how the ang mor market moves and we decide on monday
haaa...for a moment, I tot May 2013 will be different, furthermore its only few more days to go to end May...
US only down 1% tonight, maybe monday wouldnt be bad lol
I hope markets take a breather and be depressed for a week or two cos I am looking for companies to buy into
Some people getting panic after 1.7% drop.......
(23-05-2013, 09:54 PM)felixleong Wrote: [ -> ]US only down 1% tonight, maybe monday wouldnt be bad lol
DJIA or S&P 500 usually leads the world markets in the end but "bearishness" in the market may be triggered by China or European market or some other country. Not necessary always from US market, itself. Though it usually does in the end because US is still the world's 2nd largest economy. And most innovative one compare to the rest of the world. Almost all new "inventions", products, medicines etc.. still comes from US.
(23-05-2013, 10:18 PM)camelking Wrote: [ -> ]Some people getting panic after 1.7% drop.......
Depend!
It's very hard to say. Imagine if you have not sell anything and your portfolio shows a profit of 100 to 150%, will you be "Kan Cheong Spider" then? i will.
wow the ang mors not scared of japanese bear
DOW closed near flat, strongly unaffected, maybe this problems are towards asia instead of the west liao
Nikkei this year really ran too hot, was up like 40% hor, too fierce