Ladies and gentlemen, do you think history will repeat itself like the late 2011 where Dow Jones dropped 1,000 points within 4 weeks ?
Probably drop as of the uncertainty of Syria War decision. Moreover, do not forget the General Election thing. Meeting in the mid of Sept as well. USA attack Syria, market would go up since before the war the panic was already factored by the market ? If so happen DJ down from the chart 14680 should be a very good support. Ya should be US press down the DJI to get ready for the attack .my zero cent view.
DJI at this stage should consider is stable so what type of rebound call strong rebound ? you want it to shoot up 300 to 500 points , do you think that is good for the market ? as long as it able to hold above 14770 should say very good. It may enter into correction for long term up trend. US economy just picking up and unemployment continue to reduce. Euro already escape from recession. Will start growing next year. Market crash will come but may not be so soon.
By the way , South East Asian are vulnerable. I hope more good news coming to tackle fiscal deficit issues n I also bet Najib will support KLCI before UMNO general election. If out rating can be upgraded to A after budget 2014 announcement, it will be a positive news to the market. Let see, but I always buy on weakness on those counters in my radar. US economy recovery is a must not only for Americans, but also for china, India, emerging economies & Russia.
Sunday, September 1, 2013
