Making A Million From Stocks

No, MacGyver, not brave. Just trying hard to keep my head.

Chances are the Fed will announce or do something soon. Gonna have another stimulus in the US. Poor chaps there, fighting a fire that is so massive and we are feeling the heat here in Asia.

The human race is so imperfect --- too much of a good time and they succumb to excesses. Over confidence led to overleverage, overspending.

They lost their way. Can they come back? Am sure they can but there is a lot of pain to suffer from first.
Bernanke, let's hear it from you soon!

U.S. stock index futures rose, indicating the Standard & Poor’s 500 Index will rebound from its biggest drop since 2008, and Treasuries fell before a meeting of Federal Reserve policy makers. European stocks swung between gains and losses, oil rallied and the Swiss franc strengthened.
S&P 500 futures added 1.7 percent at 8:44 a.m. in New York ,

U.S. Stocks Post Biggest Gain Since March 2009
So will Asia cheong up today?
This is getting absurd -- markets are so volatile, it's hard to be a long-term investor.

The good thing for me is the mortgage rates are definitely going to stay real low for at least another 2 years. Was expecting it to creep up by year-end.... LOL.

As for stocks,  valuations are better than they were a week ago and so cheap for some high-growth industries like construction.

PE of 3-5 and profits growing at double-digit. Just check out Lian Beng, Hafary, Koon, Wee Hur, etc.

We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful.

- Warren Buffett

Forbes: 'How do you feel?'
Buffett: 'Like an oversexed guy in a whorehouse. Now is the time to invest and get rich'.

- At the bottom of the bear market in October 1974

Thanks for the Buffett pearls of wisdom ..
 

U.S. stocks cheong again ......

Erased last week’s drop. $21.5 billion in takeovers .......valuations near the cheapest level in two years helped the Standard & Poor’s 500 Index extend its best three-day rally since 2009.
 
The S&P 500 added 2.2 percent to 1,204.49 at 4 p.m. in New York and was up 7.5 percent in three days. The gauge traded at 12.9 times reported earnings on Aug. 12, near the lowest valuation level since 2009. The Dow Jones Industrial Average climbed 213.88 points, or 1.9 percent, to 11,482.90.
“We’ve been putting money back in the equity market,” Jeffrey Saut , chief investment strategist at Raymond James & Associates in St. Petersburg , Florida, said in a telephone interview. His firm manages $275 billion. “You’re dealing with oversold levels. I do expect to see more takeover deals. If we don’t go into a recession, we’ve made a low for the year. All the ingredients are there for some kind of bottom.”