Well, I am sure many readers would be a bit disappointed that I haven't been writing about the markets for sometime. I mean, what is there to write home about. When things happen that overwhelms the sentiment of the markets, and its beyond your control or predictive powers, either you cut your holdings or wait. I think both are OK strategies.
No point asking you to buy more now, as if we always have stacks of available credit lines to do that. The "revolution has gone a bit viral" as other nations think that they can emulate what happened in Egypt in their own countries. Not many will succeed but there will be an extended period of turmoil and uncertainty.
But there is some light from these developments, I think all governments that have been treating their citizens with disdain, contempt, lack of respect for their rights ... should now be more circumspect. I would like to see democracy succeed even more but the reality is its a process. The wheels are turning and you can only pull a wool over the people's eyes some of the time.
Is there anything inherently wrong with the markets? I don't think so. The selling by foreign funds may have been triggered back in January as some of the more cautious ones may have gotten wind of the growing unrest in Egypt, good on them. Now we are stuck in a bad movie which we can walk out (cut losses) or sit it out and complain and moan (like most are doing). The truth is, its a short movie, they will be showing Avatar after this.