Agree CMP. Asia took a hard hit today with China down significantly, Shanghai down 6 points. Media reports some China stocks overvalued at 10% and they may see a pull back to -30%. Fear of September and prophecies of another black October. Other indicators show recovery is occuring. Media manipulation as usual.
Commodities down across the board today and the ROF is taking a bigger hit. As CMP states no news speculation goes soft. Most eveyone on this board is active in watching their portfolios. Some just set their alerts and don't look at SP for months. They are not the obsessive/compulsive types that so many of us are LOL! So we ride the emotions and panic/fear factor when things drop and ride the emotional high when the SP screams up.
All inidcators from TA, investment houses, analysts and major plays should reassure us of our own DD. History does not have to repeat itself and we may avoid any huge pullback from other sectors. The world beat goes on and development is a given.
Time will hopefully prove that we are not fools for being in the ROF. So if you stick you may see the rewards and if you sell hopefully you are at par or better. Can so many of us be wrong??
Cheers.
B.