China MediaExpress Holdings, Inc. (fka CCME)

[Headley Lamar]

I am curious as to what is everyone's sentiment regarding how far the correction is going to go. I originally thought that 20% in the Shanghai index would have been sufficient to account for the expected tightening in China and EU meltdown, but now I am thinking the dust may settle closer to 30%. It also seems to me that the DOW wants to hit 9800, which it tested with the 1000 point intra-day dip. That seems overdone to me, however the market is very risk adverse right now and that doesn't bode well for emerging markets, or any market for that matter.

My strategy is to continue to weather the storm and continue to hope that when the turnaround does come that it will reward those with a big risk appetite. What does everyone else think? Are you moving to a healthy cash position or weathering it as well?