As anticipated, Singapore shares plunged 2.81% or 105.34 points. I'm not panicking as I have already liquidated most of my stocks. In fact, I'm looking to buy more; I'm currently looking at companies who will be posting good 3Q results and giving out dividends.
Several reports will be out this week which will determine the market outlook. In US, existing and new home sales will be released on Wednesday and Thursday respectively and China is also expect to announce measures to curb their overheating economy - another increase in interest rate?
If Dow drops another 100+ points tonight, expect another round of selling tomorrow.
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Derek
(Personal Finance Blogger)
Monday, October 22, 2007
Black Monday
Posted by Derek at 10:43 PM
Labels: Market Update, My Portfolio
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