After cutting some positions last Wednesday when STI started selling down, US index staged a one day recovery on Wednesday night.
This was what I Whatapp my friend on Thursday morning:
Me: Why can't it (the market) collapse like Lehman? LOL. I wonder if it would happen if another new country joins PIIGS (Portugal, Ireland, Italy, Greece, Spain if you didn't know what it stands for). Add Germany and England la. Make it PIGGIES!
Ps: this is just a joke. Of course i'm not hoping for Germany and England to join in. Was just pissed to be swung out of my trades.
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