My personal opinion is TSX will not touch the bottom until we see global and US economy recover and stable oil price. From now on, most likely we may see TSX follow DOW up and down. Since I still think DOW will reach the bottom earlier than TSX,I will buy DOW every 5-10% drop pending on volume. Frankly I do not know where is bottom for DOW either. However, because I hold 80% cash, I am not concerning too much if it continue dropping. Let's remember what Buffet said how to invest in crisis:
1. "Cash combined with courage in a crisis is priceless"
2. "Dont invest in things you don't understand"
3. "Don't try to catch a falling knife until you have a handle on the risk"
-qkang98(john);
2008-10-4{447}(#50392@43)
10000+ is what i expect in worst case.
-haifeng(海風);
2008-10-4(#50436@43)