Wednesday, October 8, 2008

Bear Market



Has been very busy lately doing my marketing. Hahaha, not going to the supermarket or wet market - just spending more time monitoring the 'volatile' bearish stock market.

Supposedly, to be easy to go shorting the market since most stocks have been going downtrend due to the US sub-prime issues & the prevailing global weak economic outlook amidst the uncertainties that loom the various markets even after the US$700 billion bailout plan has been approved & rolled out by the US. However, it isn't that easy to trade as the market is still very volatile because there are also plenty of bargain hunters doing their shoppings picking up cheap deals for long term investments. With all the depressing news, people do not have confidence that the bailout plan will actually work or relieve the financial crisis in the long run.

Well, still have to be extremely cautious in my stock selections & strategy decision in order not to get my $$$ swallowed up. Anyway, whether the market goes up, down or sideway; there will always still be ways to enter the market. So sometimes not just need to be cautious but also must be more patient.

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