What will happen to our market now?

US market fell in overnight trade and as
expected, I started to received whatsapp and
sms asking me what will happen to our
market now? Also, a few readers told me
they are expecting the market to tank in
October and they want to be the vulture
to pick up the battered stocks.

This is what I replied to the readers and I
really wish to highlight that I see nothing
of the sort of disaster that is coming our way.
I define the fall in US market as normal profit
taking and it very perfectly normal.
Oh ya, for the readers who expect something
bad to happen in October, I have this for you,
"OCTOBER: This is one of the peculiarly dangerous
months to speculate in stocks in. The other are July,
January, September, April, November, May, March,
June, December, August, and February.
Mark Twain"

I got a few unconventional period to back up
my observation and views. If you have been
reading this blog for some time, you may still
recalled the "Library Book" theory that I shared
in this blog before. For those readers that missed
it or only started reading blog recently, it is a
personal observation that I encountered through
all these years. I realise that when the market is
very hot, the financial and stock market books in
the library will become very few as there are plenty
of people wanting to make money from the hot
market. The reverse will happen when the market
is very quiet. So what do I observe now in the
library? Well, there are plenty of books available
but there are no takers as the market is not hot
enough to "seduce" the next "bigger fool" in.
Oh ya, if your only-see-once-each-CNY relatives
or long-time-never-see friends suddenly called you
to share with you with a sure-up stock, please kindly
and immediately inform me. That is the perfect time
to get out of the market for me.
上帝要你灭亡， 必先让你疯狂
I don't think the stock market is 疯狂 enough, what
do you think?

You know what, among the red flowers, I spotted a
rare green leaf in Starburst. Very interesting....
maybe it is time to watch it again...