The fall of Lehman Brothers, a gigantic investment bank in U.S., shocked the whole world and it sent investors pop-eyed with disbelief.
The past mentra that Lehman Brothers was too big to fall failed to hold. The global financial market was struck to wake up to the harsh reality that Uncle Sam is deep, deep in financial crisis.
The big five (investment banks) in U.S. is now left with two. This added jitters to the global market and made investors feel the shivers all over.
As investors, during such turbulent times when the market is still diving, what could possibly be the best option?
Cash is the king now! Hold on to cash and wait for the right timing to mop up cheap pick!
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4 comments:
when is the right timing?
limpeh, watch out for Dow Jones. Keep track of Yen movements. Plenty of exciting times lie ahead.
seems you know the market well...
why swap portfolios? ask them to swap wives better...
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