What we are seeing in the markets is a good thing, believe it or...

What we are seeing in the markets is a good thing, believe it or not! The fact that China, in particular, the PBoC is assessing measures to reduce the rapid price appreciation and realign asset prices close with their fundamental values makes this a market correction amid what would be a spectacular market crash if left untouched! The Chinese market rose 130% last year. You can't expect it NOT to pull back at some time.

I eluded to peoples' behavioural biases in my posting the other day. Today is a classic example because nothing fundamentally has changed with ITE - not one thing. However, given that the sentiment of most investors was already nervous and gittery, this one non-related event has caused people to sell and over-react.

Remember this: Peoples' over-reactions are asymmetric - greater on the downside than on the upside.

Lucky I had some funds in reserve because I bought more and at 16.5.

If it affects you that much, turn your compter off!