In Marketwatch.com today tittle : "Subprime could create global crisis, economist says" mentioned that there is 20% chances of another major hedge fund to tumble causing a global finance system freeze up with similar effect to the Asia countries during the 97 Asia financial crisis.
To a value investors, this is what we have been waiting for, a crisis to happen and snap up the undervalued companies.
Due to the biggest fall last week in Wall Street since 2002, there are a lot of companies trading less than what Warren Buffett has purchased. It is party time.
Quote: " When others are greedy, it is time to be worried. When others are worried, it is time to get greedy"
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