Monday in Bloodbath (Stock Watch)

On monday, the market drew blood, not first, but the second one in the recent bull. Was kind of lucky that i didn't end up being one of them in the bath.

Actually been wanting to do investment in shares (not speculation) but due to the long run strategy, i didn't enter. The market had been lifted by the all-so optimistic retail investor that i think most should be called retail speculator. IMO, prices are rather high, all waiting for that one reason for the holders to cash in.. yet while some are running away, others are staying put with the saying, "tomorrow will be better".

The cause of the bloodbath is US linked perhaps, with exposures of the FIs to sub-prime loans. The impact, depending on the efforts being made to contain, might range from small to perhaps much more. Or maybe, they just needed that reason to let go.

Or even maybe, the market can never run away from the vicious cycle that all so often occurs every 7-10 years.. is it that, or something more?

I do hope problems do contain and not escalate.. for it does not just affect those in the market.. in fact, the economy might suffer too. Reason being, raising cost of borrowing as a result.

The verdict of the monday's let off: 127 points down, with put warrants in the top gainers' position. But let it not happen again.. i'm due to graduate the following year... let there still be this period of plentiful.

Disclaimer: i take no resposibility for any investment/dis-investment made with reference to this entry. All is done at your own risk!