Another round of correction
Its been a touch 2 weeks for many investors. Its been tough on me as well. not because i needed alot of effort to make necessary portfolio adjustments but because of work commitments and the work needed on SGFunds.
As what my buddy kleer said in his recent market update, this sell down presents more bargains then the last one. However, I have not added much. The main reason being that i see more news on subprime releasing soon.
Make no mistake, Bear stearns WILL NOT be the only firm with a subprime problem. My Article here will give readers an idea what subprime is generally about.
Do note that it will hit the banks much harder than the housing industry. The housing industry has already been hit and is on the decline. One should be clear that subprime might not be entirely bad. BUT lax regulation and undertable or irresponsible underwriting is the main driver for the woes. This is human greed at its worst.
Do i see a bottom to this? not at the moment but im monitoring.
Happy national day to all.
Related posts:
- Trend Watch:A healthy correction or an important inflexion point?
- Buffett sees opportunities in subprime business
- Trend Watch: Singapore Market still looking for that correction
- Could Palm Really Resurrect itself this time round with the Palm Pre??
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