Up, Up and the Way!

Sometime last year, I was selling and selling and the market kept going up and everbody thought I was a fool. It made me felt stupid also, so much so that I had to keep asking myself why was I selling...well, i thought to myself i was selling bcos i thought a lot of stocks were way over-valued and it was very hard to make money to find another stock that was  reasonably valued...i suppose i had to sell and wait for another correction to get in a bargain.

This year, the reverse has happened and everything was sold down to the penny...i was buying since march and have been buying and buying even till this time of my writing...luckily, i bought slowly and sparingly...unfortunately, i bought all the way down...i guess my timing was poor, i was impatient and i was greedy...i even sold my car to buy somemore...wanted to sell my house but no taker... and always wondering why are people selling at such prices...and i felt the market was stupid until it made me feel that i was stupid...it really did cos after buying the price will drop within the next day or hour...and i bought so much until i want to puke and had to stay away from the computer to stop myself from buying..., i know i had been proven wrong again and again...if you follow this blog you would have known...but i have been right about the oil and commodities bubble...and the shanghai bubble...and even the subprime bubble when hsbc wrote off a few billions of losses...but i have never thought that things would have gotten this BIG...and the lawmakers were really stupid to let this virus fully blown by not passing the bailout bill...they should have called it the investment bill...maybe then the perception would have been different and they will approve it really quick...it really is a investment bill because they are buying stuffs at distressed/market prices...and bcos they buy at market prices they are going to make money out of these stuffs...this is really like a financial armageddon...the only thing that kept me strong and going is faith...i still believe that this won't be the end of the world (chances are i will be wrong again) and the goverments from all over the world will come together and do something (i hope) or do many things and things will be alright again...as long as i don't see warren buffett selling then i know i am pretty safe for the time being