Basically, stock market has turned into a deep red sea which all the stocks tumbling down from their high. Refer to the pic below:
This is the worst drop since August 10, 2011. All the traders, value investors, dividend incomers are in panic mode. Honestly, we do not know what might be happening tomorrow.
For a better insight on the explanation how severe it is, visit here.
Today is a history record moment and I have taken screenshots for different indexes around the globe showing their poor performance after the market close (24/8/2015). Refer to the screenshots below for more details on each stock market:
Top (from left to right) : US Dow Jones Index, Hong Kong Hang Seng Index, Malaysia KLSE Index
Bottom (from left to right) : Singapore STI Index, China Shanghai Index
Looking at the data shown, Shanghai Index has most significant drop of 8.49%.
There are speculations on what might be happening today but here are the questions people start questioning:
1. What is happening to stock market? Is Bear Coming?
2. Why there is a sudden drop right now?
3. Do the drop of the oil price dominates the cause for this?
4. Should I buy now or should I sell?
5. How to rake in tonnes of profit at this market?
From my experience of investing, we cannot time the market.
No single market is able to achieve a long term growth or bull market.
As Warren Buffett said : " Be Greedy When Others Are Fearful, Be Fearful When Others Are Greedy."
As for me, I have a positive attitude toward the current situation as this is a good time to profit from the stock market. This is because almost all the blue chips stocks are dropping down and you can buy the blue chip stocks for long term investment.
The saddest part for me right now is I am trap inside the red deep sea. My portfolios are in red but I would have to dig money to buy more stocks.
In conclusion, my opinion is this is the best time to profit in stock market. CASH IS KING RIGHT NOW!
PROFIT NOW OR REGRET!
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