Thank you friends for stopping by and visiting my Blog. I am an amateur investor who uses both technical and fundamental analysis for investments. I can only give my own opinion based on my expereince on market movements, and shall not be responsible for any investment losses that may have incurred based on my advice, i urge you to make your own decisions.
US Markets
The Dow & S&P are at 12 year low, market is oversold and poised for some bounce back.
Stay on sidelines and remain fully in cash. Some economists like Nouriel Roubini are saying recession will last untill end of 2010. Economy can go into ugly "L" shape depression.
US GDP has contracted by 6.2% in final quarter of 2008.
Roubini said the global economy may shrink 1 percent or grow 0.5 percent in 2009, before recovering to about a 1 percent growth in 2010, effectively extending the recession until the end of next year.
Emerging market economies, including China and India, will slow down sharply, he said, adding that “we are already seeing the beginnings of a hard landing.”
China’s economy may grow 5 percent “at best” in 2009 after expanding at an average 10 percent pace each year in the past decade, Roubini said, rejecting the theory that emerging markets are decoupled from the problems in industrialized countries.
Singapore Market :
STI index close at 1513.
Nobel group is one of the few stocks showing resilience at $1 level, but with bad macro economic environment, its better to stay on sidelines.
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