Interesting to note that my portfolio did not increase as much as i expected, in fact it closed only slightly higher this week (failing to close above $20k profit). With US market dropping more than 300pts last friday, there may be a bloodshed in Asia this coming week.
The drop in US index was due to the Wave 2 of the Subprime crisis. When most of the banks showed their report cards this week, it was inevitable to note how badly hit were these banks due to billion dollars worth of write-off. The other reasons may be that investors are pressuring Big Ben to cut rates the second time during October FED meeting.
Noting the decoupling effect between US & Asia, I truly hope the Asian market hold up to expectations and climb new heights next week.
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