It's not pretty. Am in the markets. Heavy selling seen across board. Nothing was spared. After circuit breaker, things were worse (or chaotic i should say). Orders couldn't go through. System hang. Institutional clients shouting and screaming wanting to get out but to no avail! Selling should probably resume tomorrow if everything remains status quo.
Believe this is not bottom. Only bargain hunt on high yielding and good fundamental stocks. Should avoid politically linked stocks. Though MRCB looks interesting but I'll probably look into it at RM0.80.
Obviously stocks will low foreign ownership will be least hit, I'd prefer to stay on sidelines.

One word to sum it up! UGLY!

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Added on March 10, 2008, 9:28 pmDon't forget, everyone expects selling pressure to intensify at 3p.m. when UK traders come in. However, due to circuit breaker, they didn't quite have the chance to sell. Moreover, with system being jammed up, it's worse.

This post has been edited by Silveru: Mar 10 2008, 09:28 PM