Tuesday, January 22, 2008

Time To Step In?

The US recession fear has initiated domino effect worldwide. Stock market indexes in Europe fell as much as 7%… reckon the bear will run for the next days. I did plan to sell off the funds on hand in the next days, but just a step too slow to sell it at all time high.

Checking the markets in Europe, financial stocks like Barclays, Citibank, Merrill Lynch have dropped to a very attractive level. Am planning to buy some for mid long term investment. Can't make up my mind should I step in now.