Thursday, 16 February 2012

U.S. stocks hit by Fed minutes, Greece, Apple Sharp Fall

Dear Friends,

Yesterday, U.S. stocks ended solidly lower Wednesday after minutes from the latest Federal Reserve meeting nipped hopes for more quantitative easing and amid uncertainty over Greece.Plus by mid noon yesterday, the BIG juggernaut APPLE falls big time from $526 to $500 within minutes.

It certainly shake the whole market. I feel that Apple has run its course, and badly needs a rest. Ever since our last article recommending Apple, it has run from a after earnings price of $450 to $525 within a few days.

Now STI because of last night Dow 97 points fall, is back within 3000 points. As I have mentioned, there isn't any economical report or good news that really provides a boost for Dow to breakthough 12938. Not the badly missed Retail Sales on Tuesday which is below expectations. Until it does so, we should be cautious and good to be on the sidelines.

Hence no recommedation now at this moment.... Let us be PATIENT!

Daniel Loh

Radio FM958访谈 2018年11月15日:世界股市展望 - 现在是熊市吗?

·         美国 股市担心苹果业绩,巴菲特却大胆投资! 道琼斯昨晚闭市在 25080 ,掉了 205 点。在这 10 月 11 月道琼斯的波动都相当大。有很多投资朋友开始怀疑熊市是不是已经来临了。我的答案是还没有。这个跌幅反而是好时机进场。大家不用太担心。 ...