Keep INVESTING Simple and Safe (KISS)
****Investment Philosophy, Strategy and various Valuation Methods****
The same forces that bring risk into investing in the stock market also make possible the large gains many investors enjoy. It’s true that the fluctuations in the market make for losses as well as gains but if you have a proven strategy and stick with it over the long term you will be a winner!****Warren Buffett: Rule No. 1 - Never lose money. Rule No. 2 - Never forget Rule No. 1.
HONG KONG (MarketWatch) — Asian stocks received a thrashing Monday as fears that Greece may not receive further aid and rising worries over Spain prompted a deep, region-wide sell-off, with Hong Kong equities suffering the most.
The dollar jumped against most other major currencies, barring the yen, whose gains against the greenback as well as the euro applied additional selling pressure in Tokyo. Crude-oil and other commodities tumbled.
Heineken’s bid for Asia-Pacific Breweries may prompt Asia brewers to rethink their strategies.
China’s Shanghai CompositeCN:000001-1.26% dropped 1.2%, while the Hang Seng Index HK:HSI-2.99% was the region’s worst performer, slumping 3%, or 587.33 points, to 19,053.47 in Hong Kong.
“[Reports of] the halting of a bailout tranche due to failure to meet targets, the European Central Bank decision not to accept Greek debt as collateral, and the visit of the Troika will keep markets nervous as default fears intensify,” said Mitul Kotecha, a strategist at Credit Agricole.
The Troika refers to the European Commission, the European Central Bank and the International Monetary Fund.
Worries about Spain were also in focus, after the country lowered its gross domestic product estimates from this year through 2014. Reports also said Spain’s Valencia and Murcia regions may ask for Madrid’s financial assistance. See reports of aid for Valenciaand Murcia .
“Against this backdrop, we expect market tensions to persist. With the European Central Bank still reluctant to step in, the probability is increasing that Spain will have to ask for additional support, likely in the form of bond purchases by the European Financial Stability Facility,” strategists at Barclays Capital wrote in a report.
The Asian trading day began with a sharply bearish tone after U.S. and European markets ended with steep losses Friday, reflecting concerns that the weak global environment will affect growth and financial flows into the region.
U.S. equity futures pointed to another possible sell-off on Wall Street Monday, with Dow Jones Industrial Average DJIA-0.92% futures sliding 116 points, or 0.9%, to 12,657.00, while Standard & Poor’s 500 Index SPX-1.11% futures shed 11.70 points, or 0.9%, to 1,346.50.