Thursday, November 20, 2008

Is this an ordinary crash? the picture will tell


Looking at the Dow Jones Industrial Average graph for the past 10 years, I can tell how badly the market is hit. The damage is just too fast too furious. Is this the lifetime chance for you to accumulate low priced gems? or the lifetime chance for you to commit suicide? Only the future can tell you are a moron or a hero. Of course you can also choose as a bystander. The common sense will tell it's not yet bottom, dude, not yet. But does market makes any sense at all in past?

Quote from cnn: Since peaking at an all-time closing high of 1,565.15 on Oct. 9, 2007, the S&P 500 has lost 52%. The Dow has lost nearly 47% since closing at an all-time high of 14,164.53 on the same day. Since hitting a bull market high of 2,859.12 on Oct. 31, 2007, the Nasdaq has lost 54%.

Whilst I feel sorry for my loss, at least I can console myself, at least I am still fare better than those figure. What a good way to deceive my own self :) As a friend of mine always loathe this is a way of self denial when somebody mention the term "paper loss"...

only time can tell, only time can tell...

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