Another crunch...

You wonder how low can it go!  This is worse than GFC.  At least with GFC, I knew that it cannot continue because with total credit crunch, the world will grind to a halt.  Governments have to do something to instill confidence.

Today, it is just investors' lack of confidence in the market.  People are just dumping.  There are bad news around of course.  But these bad news propagate further bad news.  And this time around, governments are limp and cannot do much.

I suspect the price will continue to plunge so I have dropped my buy prices for some stocks to ridiculous level.  You never know how many desperados there are around!