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US market had a rough week, the index keep plunging, caused by Euro problem. The global economy is a complex web of problem and the memory of Lehman credit crisis certainly hasn't go away. The market is discounting the likely hood of euro fall out now.
It will take sometime for europe to sort this out - the debt problem and deficit. What this mean to the long term investor? The stock sales is back. So many of your favourite stocks have plunged to an attractive level. Just like you cannot predict the top, you also cannot predict the bottom. It might take a few wave for the market to stablised. Who knows?
What I do know is stick to fundamental in investing. If the company has a strong balance sheet, little debt, great prospect and cheap valuation, it is time to buy. Read more...