While many others pulled out of the market, i bite the bullet and stayed invested; shifting portion of AIG Acorns (Balanced Fund) to DWS China (Equity Fund). I consider myself lucky as the change paid off with china market the least whacked among its Asian counterparts.
The volatility is definitely still present in the market. With the subprime issue being pushed aside for most of the week, the global market still reacted in mixed directions. While the Asian market ended slightly red on Friday, much still depends on Dow's performance on the last trading day of the week.
I had dinner with one of the interest rate/currency swaps trader from MS this evening. While on the topic of subprime, he is in the opinion that the worst is still not over. He advised to stay vigilant; if Fed cut interest rates, market should stabilise, else there will be another round of market swings.
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