What do you expect when US market down last Friday?

Europe is down now and guess US market is hitting for another RED closing tonight!

Most EU countries down more than 2% now.. Scary...

When total down 60% to 80%, THAT would be scary hehe

The Spain bail out matter resurfaces and it's dragging the global market down.

URL: http://www.bloomberg.com/news/2012-07-22/g...resurfaces.html

That time some will suicide already.. I hope won't happen la.

Grease stock exchange is dipping more than 7% now. The worst is commin soon? I have not lock my profit yet lei.. If go dipping, won't hv much ammo yet to buy in..

You invested in what? Global equity fund?

Some of my funds got mixture of oversea exposure.. But not Europe la. Well.. If eu down, will certainly drag everybody right? China growth also slowing this year...

That's true, it's a ripple effect but US market just hits or approaching new peak recently. With some correction, it's normal.

HSI slid >3% today and it's true that China growth is slowing down. That's why I try my best to avoid Far East region.

That time some of us will be shooting fishes in a barrel ... <MK looks on.. wistfully...>

BTW, received my latest "Personal Money" today. Some fellows saying 20% dip in MY market is "do-able" if a shock win happens at election.
Man, does these fellows have crystal balls or what?
20%? Good too if we can have GOOD changes hehehe
OR
Are these fellows saying it'll be a shock if the new doesn't take over from the old?
<sneaks a peek at the Mods.. not too political right?>

Anyhow, most of us here have kept a bit more dry ammo for this to happen thus, i'd say it's a good thing, right folks?

This post has been edited by wongmunkeong: Jul 23 2012, 09:26 PM

The Euro common currency is a lousy idea full of holes. The Euro people know it, but the answer out of that shit is not that simple.

Unlike individual countries that can take whatever course is the best for their own future, Euro countries cannot. Unlike the UNITED States of America which have a central government, the Euro is just a pile of badly mixed rojak.

From an investment point of view, fundamentals and technicals are useless. You need to gamble/guess what the politicians are going to do next.

EURO is the biggest achievement for European citizen in 20th century. They cannot let it down because they cannot swallow their pride.

No matter how, they will keep on struggling and patching the holes here and there.

Next on fire will be Italy.

This post has been edited by David83: Jul 23 2012, 09:31 PM

Italy is supposedly next, yes.

The problem is when we say "EURO", who are they? The voters in Germany or the voters in Greece? Let's say they don't agree - what next? That's when the guessing starts...

From an investment point of view, I quite like this. If it goes to shit (big drop), I will buy up large hoping that Germany and France will come to the rescue, and everything will go up again. Would that be gambling or investing?

Crash is good...I've ammo ready to hantam on equity funds

Hey brother wongmunkeong,

Personal Money August 2012 edition was it? If you refer to Personal Money May 2012 edition, you will find your friend there on the front cover (bought a landed house in Kajang below 500k)

Yup Aug 2012 edition.

Ah.. that was Kaka on the cover?

Only a few in foreign market.

The rest in local market.

I feel not good playing outside.

Ok, I go see how Kaka looks like

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Added on July 24, 2012, 9:41 amLast nite US markets dropped at open, then steadily climbing back to pare the losses...seems to have a resistance level there

This post has been edited by Pink Spider: Jul 24 2012, 09:41 AM

China’s Stocks Decline to Lowest Since 2009 on Economy Concern

Wong Seafood...sudah cukup darah kat jalanan?

When Euro loan too much and cannot pay their debt, we say they are lousy and irresponsible. Their money worthless, fiat money, lousy economy etc etc. But when they are enjoying those debt (given as handouts by politicians), no one says anything and their praise their govt.

Now Malaysia is doing the same thing with our govt going heavily into debt (currently our 2012 budget is -7% of GDP), by giving all kind of subsidies, 1Malaysia handout, even taxi tire subsidy, we are not saying anything also? Later people will say the same about Malaysians and their currency and compare them to EU.

So lets not say bad about other's fiscal responsibility until we can manage our own.

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Added on July 24, 2012, 1:41 pmWait till SSE below 2,000, then I sapu more...

This post has been edited by gark: Jul 24 2012, 01:42 PM

no food yet..
Heheh - 2009 only..
Oct 27 2008 was Shanghai Index's lowest leh at 1728.79
VS
2168.64 EOD 23rd Jul 2012

That's like 25.44% more - too big a diff hehe
I like easy pluckings + shooting fishes in barrels <lazy baka here>
Same thoughts with Gark's

This post has been edited by wongmunkeong: Jul 24 2012, 02:02 PM