Wednesday, February 28, 2007


I was reading yesterday about the black day for the world's stock markets. The Dow dropped over 500 at one point yesterday and the NASDAQ was pushing 100 points down. That is quite some drop for one day. I was into market analysis big time back 3 or 4 years ago and was sadly able to quote the majority of share prices on the NASDAQ, the biggies on the DOW and even some of the NYSE on a daily basis back then. I even remember one of the kids being able to draw the stock price graph for Cisco systems or the Qs before they could read or write! It is interesting to see the collapse originated in China - for a while Chinese stocks like SINA, SOHU, CHINA were jumping up in leaps and bounds (but also occasionally falling flat on their faces) so you really needed a strong constitution to stay in them for long - I had a few shares in each for a bit but bottled it between 2001 and 2003 when post 9/11 was hitting the fan. I do remember even on its worst days (9/11 excepted of course) that a fall of around 40 points was bad so to watch it drop by more than double that yesterday must have been vomit-worthy for those still in. I do occasionally still miss the adrenalin-surge of the New York markets but I sleep more soundly at night I guess. Maybe one day I'll have enough money to play City chick in Times Square once more, we'll see where destiny take me.

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