Friday, November 23, 2007

Another entry point

Another selldown in the market. Whatever the reason be it the Yen Carry Trade, Subprime fallout by Bear Stearns, Merill Lynch, Citibank, Credit Crisis, China Bubble, Oil Spike, Interest rates adjustment; corrections are taking place in the markets and these are good opportunities to load in again. Without the ups and downs, it'll be too dull. Anyway, my goal is to beat the paltry bank's FD rates of 3.75%. Therefore, I'm not setting myself up with insane lofty ambitions of gaining >30% returns eventhough I might have done so earlier this year.

They say don't buy when the knife is chopping. They say bottom fishing is dangerous.

But I'm not listening because I want to make money.