Wednesday, 6 March 2013

Both ISM results propel US to BREAK all time high!

Dear Friends,

A double whammy in ISM manufaturing and ISM non-manufacturing results propel the DOW to break a all time 2007 high point of 14198. Now it is near 14,276. What an achievement! It brushed it off today with a 140 points gain now.

All time high! This is a significant milestone. All time high normally signals economy is getting better as companies are doing better and are reflected by the strong stock prices. In General, this milestone reflects stocks are at their most expensive time. Without the strong earnings and better economy, it normally don't happen.

Asia Leading Investment Guru Mr Hu Li Yang once says that this bull run still has 2-3 years more. He say it last year when we are still screaming about exiting the market talking about the Euo falling apart. It proves he is right! This bull run indeed carries the US to historical height now.

How many years more? According to Mr Hu, about 2 years more. But it won't be a smooth ride forward! There will still be ups and downs. Although the long term bull run still will continue. But bear in mind that short term wise, he did mention that DOW has a strong resistance of 13600-14300.

Let us see if Dow indeed carry on the run. Let us see if there is a rubberband effect to pull it back and when it happens.

In the meantime, let Wallstreet rejoice and celebrate. Just take note that it wont last forever. Short term, there will be a correction. The question is "Will it be this month???"

Rgds
Daniel
www.danielloh.com

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。 ...