Saturday, August 18, 2007

UT Portfolio as of 18 August 07


If anyone were to tell you that you should not be sad when have your profit is halved during a market correction, please ask them to seek medical advice; there must be somthing wrong with their mind.


Last week was a terrible week, so terrible that i cannot describe. After deciding to switch some of my funds into china & emerging markets last week (thinking that the correction has hit bottom), I was hit by another week of bloodshed. Just yesterday, HSI made history for being the first index to drop more than 1000 points in a day, before recovering to -285pts at closing.


With Dow finishing more than 150pts postive on friday, let's hope the market has hit its real bottom and re-start its bull run next week. I am staying cautious by sitting out any activities for the whole of next week. Do not want to be hit by another week of volatility. :(

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