Not really.
I think this is the right time to reflect on how we do our trades. Market is slipping but that should not cause for any worries. It happens all the time. It is a part of the market wave where we should jump in and go with the ascent.
I believe that the problems market are now facing is not as bad as of the last 2 or 3 years where the world economy crumbled. The difference mainly is - people in the government and private sectors knows now what they will need to do. They have been in the worst market conditions. A lot of laws has been enacted to counteract the brunt of any, if there is, market fallout. I think we are in the road to recovery.
Korean posturing, Ireland and China issues are but normal occurrence in the aftermath of any market collapse. For Korea - we know how America operate. If it is not of their best interest, then war in Korea will not happen. I know it is not of their best interest to declare another war when they are still facing problems in Afghanistan and Iraq. It will hit them hard economically.
What about PSE? As expected, the index always reacts to negative news (at least not violently). PSEi is still down. I managed to grab 1,000 shares of MPI at 3.73 though. Hopefully my accumulation will be rewarded after 3 years :-).
Lastly, this should be my blog for 25Nov2010. Happy reading.
As of 25 Nov 2010
Foreign Buying - 2,214,506,847.82
Foreign Selling - 2,310,948,228.02
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