yeah....Things will only get better
Thursday, August 02, 2007
The great crash!!
"Bro you know the stock market crashed....."
Oh... why would I not know. I won't term it the end of the bull and the start of the bear, but well, yes the impact was felt by all. I won't say I'm totally not shaken by this. Yes, the value of my stocks just underwent the Great Singapore Sale with lotsa discount. There's no way I'm going to offload them in order to "cut loses" simply because I am confident of my counters. They will rise again.
I'm a long term investor and yeah... I don't play contra and margin. I don't think the situation of 97 is identical as what it is today. The stocks we have now have much better fundamentals and touch wood, there won't be another clob.
I really wonder how many are affected by this, I certainly don't wish to see another 1997. Whatever it is, hang in tight.
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