Bear

We cannot calculate or estimate how much money we have lost in the stock market over the past 3 weeks. As I've always told Biajee, "There is no lowest price, there is only lower price." The bear market could last through the end of this year. We do not see any signs of its rebouncing in the near future.

People are panicking about credit market and subprime lending. Every stock we own is hurt drastically. It's more difficult than ever to obtain a refinance on houses these days. We're only lucky in the way that we do not need to cash out our stocks immediately. If we don't sell now, we're not real losers. The red numbers are only on paper so far.

However, if you have cash on hand, it's the golden opportunity to chip in. I've tracked a few top performing companies whose stocks have been beaten down by the market lately. It's easy to gain 30 - 50% on these stocks in a few months, even a few weeks.

I keep looking at our portfolio with amusement every day, like it's not part of our life any more.