Thursday, August 20, 2015

Words of the day - after 7 years

My first blog post, "Words of the day" was written in October 2008 during Lehman crisis as stocks indices dropped like flies every other day. Seven years later, I am experiencing déjà vu as my screen turned into a patch of red sea today, in need of Moses :) Today, it's not about the American banks, but the Chinese and Asean crisis of Ringgit plunge, RMB devaluation, Tianjin plant explosion and Bangkok bombing.

Words of the day 2015 version:-
Panic selling : According to investopedia :"Wide-scale selling of an investment, causing a sharp decline in price. In most instances of panic selling, investors just want to get out of the investment, with little regard for the price at which they sell"

I'm none the wiser about the stocks market but just feel compelled to pen today's event . Who knows by 2022 we might see a repeat of the seven-year cycle...