Financial Firestorm
The bankruptcy of Lehman Brothers, takeover of Merrill Lynch by Bank of America and crisis of American International Group threw the financial world into chaos.
It is pretty much obvious that Standard & Poor 500 is still on the downtrend without showing any signs of consolidation, mostly contributed by the negative market sentiment. Even though, the market has yet fallen to its median value as the P.E ratio is still at 24.3x and considered overpriced.
Hmm patience and discipline, I must have...
"Risk comes from not knowing what you are doing" - Warren Buffett
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