Panic Selling

Another big plunge in the prices of stocks in our market today.

At the rate it is going, it will not be surprising to see:

1. The blue chips selling at 50% of their fair value price.
2. The good mid-cap stocks selling at 30% of their fair value price.
3. The prices for the other stocks probably can reach a bottomless pit.

In a severe capitulation, the selling tends to overshoot on the way down.


Reliving the 1997-1998 Asian Financial Crisis