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Phil MMIX

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Free Falling Stock Market 

27 OCTOBER 2008. A day to remember.

The Hang Seng Index was down by some 15% at the worst moment, and was down 12% at market close. It was the worst day since the 1997 asian financial crisis.

stock_plummet1.jpg

I understand what does it mean by catching a falling knife. It's simple: You got hurt by buying into a plummeting market. Trend is your friend and don't buck the trend. if i were all the way selling into this I would have been done so much better.

I will remember that.

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