Stock Market Dropped
Stock market dropped a lot recently due to Europe debt crisis. Did you do any panic selling? What is your strategy now? Exit or In?
To me I think I will wait and see. I will wait until before the world cup end and see if I need to buy in more stocks that are on cheap sales.Buy on dip and sell on the rise.
For now, the best thing to do will be ... do nothing when you have nothing to do.
Dubai’s Debt Crisis Rattled World Financial Markets
The news on Dubai debt delays on last week cause the world stock markets to fell with a quit significant amount. Is this the indication that the world financial crisis is not ended?
HSI (Hang Seng Index) felt 1075.91 to 21134.50 (-4.84%), SSE (Shanghai Stock Exchange) felt 74.72 to 3096.26 (-2.36%) and (DOW) Dow Jones Industrial Average felt 154.48 to 10309.92 (-1.48%).
Luckily Malaysia was having holiday due to Hari Raya Haji celebration on last Friday, therefore FBM KLCI is not affected at this moment.
What will happen to FBM KLCI on Monday? I guess there will be a lot of people panic selling their shares to have some cash on hand. I think I will wait and see and buy on dip on those good fundamental counters especially blue chips.
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