Saturday, June 23, 2007

Global stockmarkets

There are two important developments on Friday on the global stockmarkets:

* The China stockmarket came down 3%, due to fear of new measures by the government authority to cool the market

* The US stockmarket came down by more than 1%, due to worries about the subprime mortgages and Bear Stearnes fund.

Will this be the start of an overdue correction?

For those who invest for the long term, there is no need to worry about this type of market correction (if it comes). However, for those who are investing for the short time, you should pay special attention to the development for the next week.

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