Sunday, October 21, 2007

20th Anniversary of the Black Monday

Yes, today is the day...

I was too afraid to login to my account and check so I took a peek at some of my share's prices...
Yep, as expected it went down quite sharp. Overall, since opening, Australian stock market has decreased about 2.2% today :( This is still waiting for the opening of US market later tonight...

I believe so many investors waiting for this day, waiting for stock market crash so that they can enter and buy cheap stocks... I'm not sure if this is what analysts are waiting too...
It seems that some analysts are trying to find some downsides of this market. Even some companies are doing well, e.g. 3M, Honeywell, McDonalds, it seems that analysts were trying to find some excuses (i.e. bad news) about them and scared out investors. Obviously, this would make the investors lose confidence and sell off their stocks, making the share price dropped.
We're waiting for BHP and (ANZ?) to bring us good news to give investors the confidence back.
Well in this kind of situation, people take advantage of each other. So, can't blame anyone for the bear market. Just pray (like me -____-) that your stock won't fall very badly.

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