Interesting Week

Last week was a dramatic week in stock market history with European problems start to spread and inspired a fear in the US that may have caused a unprecedented plunge of DJi 1000 points within 5 minutes.

Last night, the US DJi surged more than 400 points after the EU approved on a 1 trillion euro bailout plan.

The credit crisis obviously has spreaded out of US to Europe. If it is not well controlled, it could be another financial tsunami that may sweep through the globe again.

The bailout is able to calm the market so far for now. What is in store for the coming weeks? I think experienced investors may start to play a defensive game here. Young and amateur investors will still jump into the gambling table but they may not stay there for long either. It now all depends on whether there are more problem with the Europe and probably in the US. With US recent good looking scorecard in the earnings season, US may be starting to recover from the '08 financial crisis. The recovery may be runied by European problems if not well managed and controlled.

What am I doing? I just sold off my HUNZA property for RM1.27 and I will be keeping cash and rest on the sideline waiting for more safe opportunity. It is always better to keep cash when there are so many uncertainties around. I may be wrong but it is always not bad to play safe. Playing too safe may be a problem too as it indicates my weak personality who always want to run away from problems. I will stand safe and bold to react to crisis as a responsible human being.