Groundhog Day in Vietnam

Most of you are probably familiar with the movie Groundhog Day where Bill Murray plays the part of a local weather forecaster who wakes up each morning to find that he keeps reliving the same bad day over and over again.  That's exactly what it must feel like to be an investor in Vietnam right now.  In addition to being down 60% year to date, the index hasn't had an up day since April (25 consecutive down days).  That's right -- April!  Over that time span, the benchmark index has declined by 29%.  Investors in Vietnam are probably longing for the days pre-2002, when the exchange only opened every other day.