Half yearly window dressing.Dow has pullback 3/4 of April's gain. Fear 1: Federal Reserve to scale back its stimulus program by the end of 2013 IF the economy continues to pick up...not yet happen Fear 2: China's credit crunch triggers confidence fear...still early to ascertain. Result:market fear overdone. Tomorrow is rollover of index futures contract for Asian market,market activities will ignore tonight's Dow plunge.
qe start to scale down earliest autum, end by mid 2014, if what fed anticipated various indicators continue to improve. believe fed had expected this round of tumbling, now juz making sure it does not get out of hand
if global markets stil have no sign of recovery, our klsi will eventually fill up the void during recent gap up.. 1712 or lower 1694.. I believe market will go for major corrections! Now i dont have stocks on-hand & am waiting for the spring to come..
I think china has been a responsible economy leader going by its record previously. Just that market doesn't like uncertainty from the looks of it. The market is just spooked what will the new communist leaders and premier going to do.
don't worry, everyday millions of dragon ladies remitting billions of cash they suck from young man middle man oldman around the world. china is cashrich!
actually, china central bank is very clear on the overall situation, it's house keeping time for china finance industry. china style is "do whatever it takes to achieve", doesn't matter who is unhappy outside their border, including U.S. in fact, china central just issued bond that vacuum 2 billion from the market; rather than pouring $.
those who leverage on "shadow" $ will soon "behave" themselves, believe it will not take long :)
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Posted by cheebai > 2013-06-24 21:49 | Report Abuse
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