These couple of weeks...the stock and forex markets were like crazy, up and down with big up and big down all within a day. Super choppy....and big fortunes are made and loss.
Why? investors are finding excuses to excite the markets and since with the PIGS countries' troubles....that gave them the reason and the rest is history.
Today...the US market opened lower and slowly managed to close higher esp during the last 30 mins if not then...it will be very ugly here come Monday. Yesterday fell heavily during the last 1hr, today it was the opposite.
So...come Monday, the Asian countries' stock market should be steadier at the start and last till the next day. The bailout package for the Euro is almost ready and you
may want to step inside ( so-called in the market ) or risk missing out on the rebounce if there is one since the market has corrected itself.
Have already vested on 10 lots each for Swiber and StraitsAsia.
ReplyDeleteOn Monday, will watch for bank and property shares. They have gone thru a lot lately.
Even SMIC - US ADR has recovered to USD3.86 for 34 cts gain.
ReplyDeleteWatch out for May 25 & June 3...CLSA Fengshui Index 2010 says that those are 'inauspicious' days...
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