Paul, I'm gonna hang in there. I guess the ones to fall first also rise first, so hopefully we'll all be smiling in a week. You only lose money if you sell, so I'm holding. I heard some interesting things last night.
First and foremost, Japan has more impact on our economy then any other asian country. Japan has been in a major economic slump for a few years now, and how did it effect us? We had an incredible bull market and hardly any real impact. That is a reality and is powerful point. This drop in asia is just an excuse for correcting our markets and getting back into good valuations, so the bull run can continue.
Second, what started all of this was Thailand devaluing their currency. They actually took their medicine and acted responsibly. Now when other countries are brought to do the same, that is act reasonable and take their medicine they aren't. They have 2 options, devaluate the currency or raise interest rates. Hong Kong raised interest rates, and of course higher interst rates trigger selling in the equities.
AFLX is in Thailand, the country that has acted as it should and has put it's problems behind it. AFLX is in the technology that leads the way for companies to come out with the leading edge technology products: smaller designs, less energy using components and stronger reliable products.
Watch the money pour back into this stock as the market gets back it's legs. |
