US stock market

As I am blogging this....during the night, the market dropped more than 200 points from the start...then recovered until it went up by 30 points. Now....with another 1hr or so of trading left, the index has gone "south" again by more than 60 points.

Guessed it will yo-yo for the next couple of sessions until a clear direction by the US policies makers decide what best to do to support the market or just to let nature runs it's course. By that....a couple of more trillion will go down the drains as like on Monday's 777 points drop. Reported that 1 trillion US $ was losed in US alone.

What about the whole world???? Russia market stopped trading with a limit down meaning it went south by more than 10% at the start. So....they stopped trading for the day.

Only market...India is still showing gains for these few days. Maybe they have more support from their leaders.

SGX has no trading on Wed....hari raya but will opne for trading tomorrow. Maybe I will take a small loss for FerroChina then holding on to it.

I have made up my mind on how I will trade in future....no more rushing to buy but shall wait till there is a big drop before picking up the bargains. For now....to sell off some of my holding in cash and from my CPF account to pare down on my holding and turn this into cash for future punts.