on the short term, overall world market still very cautious heavily influenced by Argentina's default news. however, yesterday's US data on better-than-estimate Q2 growth, lower jobless percentage and stepped up pressure on Russia's buoyed strengthening of dollar which would be a good signal for stronger overall market sentiment in the rest of 2H 2014.
at current level, our market has been bullish run for almost year after it broke 1,700 points in Sep-13 and it has established strong support at 1,850. correction is inevitable in any market as whatever things go up, it will go down. our market movers are very much dependent on the blue chips but for the past few months we have witnessed the rise of mid and small term market cap. despite market drop, retailers and mid-size investors have been more than business-as-usual. many third-line counters have been traded higher than its intrinsic value.
my take would be trade cautiously as these third-line counters are very susceptible to speculations. do not go chasing the waterfall. even if you have holding power, it may prove costly if you are trapped. i personally believe that at least the bull run will continue until 1Q 2015. the next cycle is coming next year.
Have to see the big picture. Corrections in the market is the norm. In 2008 we have the Lehman's Brothers problem and subprime issue. This time what is the main issue???? Argentina's default????....no...we have Greece default, Italy and Portugal problem and nothing serious. Jobless percentage....no....pretty flat this time. Russia sanction??? ..... ....maybe...but impact is not there yet. Company's earning??... still pretty good...nothing serious here. Escalation of Israel/Hamas war??? Maybe but Egypt and rest of them just watch...so nothing serious here. China bubble????....nope....recent data shows improving.
The Ancient Book says, "He who observes the wind will not sow and he who regards the cloud shall not reap."
The ill wind of market crash and the dark cloud of depression or recession have kept many from investing in businesses, real estate or stock market. So "they shall not reap". In other words - they are tin kosong!
By so doing they are leaving money idle in the bank for "safety". However, cash in the bank is also not safe now. At 3% FD it is losing out to currency dilution by Money Printing of Central Bankers. The real rate of inflation is almost 10% to 15% pa for Iskandar Real Estate.
So In These Perilous Times Of Financial Distortions No One Formula is Perfect. We Must Adapt To The Circumstances of The Times Or We Get Wiped Out Following The Old Ways Which No Longer Apply Today.
remove fears,,,those who had sold them,,are now hoping for correction,,but for those who are still holding them,,are hoping for the uptrend to continue...but what should we must be carefull,,is makesure the market do not get too overheated,,i mean going beyond their moment values..if this happen then it needs a little correction only,, not a complete downfall
KLSE @ 1800 pts merely a list of 30 companies that can only be cheap when you all lose your full time job & stop contributing to EPF. Once EPF money depleted it will be cheap.
The old bull should take a short break to rejuvenate b4 making the last meaningful charge. Good to hv a healthy 5 to 10% correction prior to the final ferocious uptrend thrust up.
A portfolio of good companies will stands the test of time.
Successful investors set specific objectives for buying a stock and use them as their sole benchmarks as opposed to some irrelevant stock market benchmark.
objectives are different for investor and trader. trader objectives are setting a profit % and stop loss % line. investor to set business growth % vs share price against pcf.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Swift Energy Technology Berhad, an industrial automation and power systems provider, aims to list on the ACE Market!
MQ Trader 5903 views | 5 d ago
0:17
New IPO: Carlo Rino Group Berhad, a leading fashion retailer of women’s handbags, footwear, and accessories, aims to list on the ACE Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
haikeyila
1,068 posts
Posted by haikeyila > 2014-08-01 15:18 | Report Abuse
stop wasting cyberspace with nonsense like this, pls.