Monday, March 10, 2008

10 percent

The Kuala Lumpur Composite Index plunged upon opening today, and continued its free fall until the index was down 10%, triggering a market-wide circuit breaker that resulted in the halt of trading for an hour. It was the KLCI's biggest single-day drop in recent years.

A knee-jerk reaction? A politically-motivated action? An opportunity to pick up cheap stocks?

I'd be very cautious if I were you.

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