Pop!

Well, the bubble burst on the stock market...finally!! It had to come some time anyway; what goes up must come down. In all honesty, stock markets all over the world are a bit superheated, week after week of gains without a correction in sight; something had to give eventually - so this time around it was China, and the rest tumbled like dominoes.

10% isn't that much, considering the gains the markets had made over the last 3 months. But a lot of people (myself included) were spooked that the fall came over a period of five days or so...and just at the time when the retailers were coming into the market. I guess that sent them scurrying back into their little hiding places to lick their wounds.

Personally my experience in the stock markets taught me a valuable lesson...my timing sucks, and I have to be more disciplined in managing my investments - at least I don't have to come to grief that often. But in all fairness, most of my investments are in fundementally good companies and I should not be afraid; just toughen it out and I think I would be OK eventually.

The market will recover eventually. Guess that I have to stick to my investments for the long-term. And the recent falls presented buying opportunities...so who knows? The coming elections will provide the spark.

After all, the government have to make money for the coming elections, doesn't it?