Another selling frenzy swept the Wall Street for the past weeks and yesterday the Dow Jones Industrial Average fell more than 500 points, the 9th steepest decline ever according to analysts. See story here.
I don't really understand all this issues in the U.S. economy that gives fear to its investors and leads to the selling frenzy at the stock market but definitely all stock exchanges outside the U.S. will be affected.
This will be a wait and see day for me at the Philippine Stock Market but there's nothing to worry, stock market always have it's highs and lows and as long as you don't panic and sell all your losing positions, rest assured that the market will always bounce back, higher than the previous high. This is the reason why it is advisable that the money we put in the stock market are extra money that we won't need for our everyday and emergency funds.
Happy investing everyone.