Monday, January 7, 2008

What a crazy market!

Wow... what a brutal sell-off last Friday, all my positions going down, I lost $1k overnight. Today, as in this time of writing, it doesn't get any better. This is a crazy market, investors overreact on any bad news, stock prices can goes down dramatically but really slow to creep up and just before it goes back to its value before it went down, it got hit by another bad news. The U.S. market is really scary these days. I do not consider adding any position in these time, look at AAPL? from $200+ to $180 in matter of days! I think AAPL should be at least more immune than any other volatile stock but it seemed that's not the case. Just brace your self through this bumpy ride, I hope the fed will throw in more good news to fix this chaos! The least they can do is to do a rate cut by half point when they meet the end of this month.

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