We all know that by the mid noon today, Dow futures has dropped 190 points. STI drop by 7 points, KLCI by 7 points, Shanghai by 11 points and Hang Seng by 174 points.
Some of us lament at a drop but we encourage you to like down days too.
Because down days are always a FANTASTIC chance to know which stocks are resistant to the drop. It is a fabulous chance to know whether professional money are leaving the stock. It is the best chance to know whether your stock has room to go higher. It is the only chance to catch a stock that you may have seen galloping off recently.
It is normal that the rain appears before the rainbow. In stock market, volatility always appears before the D-Day. Just make sure the volatility does not scare you off in panic, because you are just 5 minutes away from the rainbow at the end.
Let the US congress worry about the fiscal cliff, let them worry about it over their christmas turkey dinner.
In the meantime, let us enjoy our christmas and holiday season!
Poor poor politicians....
Wish you a Merry Christmas!