Porthos
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400 Point drop in the DowWow! Thanks China in all sincerity! 
I just placed a $500 dollar order for a couple mutual funds yesterday, and I got to buy everything on the cheap! 
Okay, now bad news. Good ol' Alan Greenspan made a scary comment recently. He sees the U.S. potentially sliding into a recession this very year. 
Just in case, I'm doing a lot of international investing, and when the recession hits, I'll buy up a bunch of domestic stock when it's dirt cheap.
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Loic
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Re: 400 Point drop in the Dow | Porthos wrote: | Wow! Thanks China in all sincerity!
I just placed a $500 dollar order for a couple mutual funds yesterday, and I got to buy everything on the cheap!
Okay, now bad news. Good ol' Alan Greenspan made a scary comment recently. He sees the U.S. potentially sliding into a recession this very year.
Just in case, I'm doing a lot of international investing, and when the recession hits, I'll buy up a bunch of domestic stock when it's dirt cheap. |
A few years ago, private equity investors would have scoffed if you'd suggested that swings in the Chinese financial markets would lead to a price changes in overseas assets.
I am more concerned that bear market conditions would ensue following the past few days. It may precipitate a global economic recession which is definitely not we want.
Actually, if I were you, I'd continue to adopt a wait-and-see attitude as many investors believe that security prices, especially those of equity, are still overvalued. How about waiting for the market prices to fall further and buy them when they have reached an estimated nadir?
If you can make a killing and turn this crisis into an opportunity, I'd salute you as the new Warren Buffet.
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Patrix
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Re: 400 Point drop in the Dow | Porthos wrote: | Wow! Thanks China in all sincerity!
I just placed a $500 dollar order for a couple mutual funds yesterday, and I got to buy everything on the cheap!
Okay, now bad news. Good ol' Alan Greenspan made a scary comment recently. He sees the U.S. potentially sliding into a recession this very year.
Just in case, I'm doing a lot of international investing, and when the recession hits, I'll buy up a bunch of domestic stock when it's dirt cheap. |
Hmmmmm, already previewing your finance courses, huh?
I completely agree with Loic on this fund or stock investment thing. On Feb. 27, the Chinese stock market ("A" market) was hit by a disatrous 9% drop, making it an undiscounted black Tuesday. The problem is, there hadn't been any signs of mentionworthy bad news released, the dramatic drop--utmost in 10 years--simply came out of blue. Since the A stock index has leveled off since the beginning of 2007 after a fruitful several month uphill climbing (similar to international stock markets), fund managers and investment bankers are very sensitive about whether their stocks have been overvalued. I'm afraid the best tactic for now is to act more cautiously. Anyway, losing less is far more important than earning more. We have a long way to go, there're still countless opportunities in the days to come.
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