Market Rebound

A latest rescue plan that would inject billions of dollars into troubled banks in an attempt to restore confidence in the financial system has indeed let the Asian markets rebounded today.

I am sure all those who were holding short positions would have closed them off & taken profit by now after accumulating their profit for a period of time since the market turmoil started some months ago; and also be laughing their ways to the banks. Bargain hunters with watchful eyes, I guess, must be doing their calculations to enter the market anytime now; if not this morning.

Global shares rocket on fresh government intervention - Top Stories - MSN Singapore News - News

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.