Sunday, 13 October 2013

Shutdown and debt ceiling is over with QE not tapering

Dear Friends,

A lot of the retailers are still haggling over when the government shutdown will be. A few days ago when Dow touch 14700, we did mention to our graduates network group that if DOW decrease 1000 points from 15700, we predict a bottom! And that pint is 14700.


From that day on, Dow reached the bottom, and the next day, it goes up 300 plus points. On friday, it goes up another 100 plus points, the second triple digit in consecutive days! If you think that is not bullishness and confidence in the market, what is?

Of course now the magnitude of increase this week will not be as strong but we do expect by the end of this quarter, the all time high to be broken again.

Dow at anything below 14700 is a buy for me. Same as STI at 3150 or below...

Forget about the government problems with debt ceiling or shutdown. It is over earlier than you have expected, when you talk about the stock market. Let us tune in to some other problems next time...

Rgds
Daniel

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。 ...