DOW was up last night!!!

Wow!!! after weeks of weakening Dow, from 13800 to less than 12000 the Dow was up last night by 233.30 points. This is because the FED cut its key discount rate a half percentage point. Well I don't know what that it means but I hope it is a good start. Some says that the issue on subprime mortgage is not yet over. But im praying that it should be over. It really pisses me off that the PSEi is following the DOW. Well what could i do? I'm just a small investor who losses all my earnings that i have for the past 7 or 8 months in just less than 3 weeks. I was hit and I wasn't expecting this. I thought that a 3 digit drop happens only 1 time but I was wrong. As I watched the market every day, the DOW and the PSEi, I see RED, RED, RED everyday. I'm starting to lose my patient but I'm still holding to my position on SMPH and GMA7. I sold other remaining stocks and I see them goes down and down and down. Good thing I cut lost on other stocks. But I am still at lost. Almost 60%!!! Shit!!! It hurts...

But I still believe that the market will recover. Good Thing is I still have cash and ready to buy new stocks when the market is ready for another bull run and recover my loses. I hope that PSEi which is not in any other way related to the "fucking" U.S. subprime mortgages will emerge (and not submerge) one day or 1 week or One month rally going up. Just a thought!

:-)

Good day!!!