Even with overseas markets posting large losses, we've managed to hold up. One thing to always remember is that the US usually, and I mean usually, leads the rest of the world's markets. We've only had a few instances where overseas markets had a large impact on US indexes, including the large China drop last year, and last weekend. In addition, US markets are usually the most stable in comparison to the rest of the world. Take for example the Nikkei 225 - from high to low it has gone from 18000+ and has gone as low as 12,500 recently, a fall of about 30%. Whereas for the Dow, we've gone from 14,200 to around 11,600, about 18%.
This morning, I placed a few trades, including taking a large position in AAPL at 127.61, and selling at 131.63, for a gain of +$4.02. I also went long BIDU a small position at 287.23, sold at 293.34, + $6.11.
I am holding a long positon in FMCN currently at 48.09.
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