We all think that September is a month where stocks will retrace but unfortunately, this Sept has been a bullish month for the past 3 weeks!
Looking back in March, we have came all the way from 1400-1500+ range to 2680+ range, and Dow from 6800+ to the current of 9780+ range.
In the meantime, I have been trading in and out of the Singapore market and have recovered my stucked funds in Celestial. I will share my trading counters whenever I am free and one thing to take note is, I do not hold them. So basically, I am doing contra all the way.
1 interesting thing to take note that I read in one of the posts in the forums. They were talking about why this rally won't last. Here is the quote:
Does he know that if one invest only during the time of financial crisis instead of during the boom years , one will be richer than buying the other way around? It will hold true till WWIII and you don't have to worry about stocks then because you be dead.
So either the world collapse into another worldwar or the economy gets better. Even if the economy doesn't get better in a year then it must get better next next year or it will go bust. Choose one. I suspest many people wants everything to fail and markets to plunge again. Silly people. If market were to plunge again after spending TRILLIONS then I can't think how will the economy ever pick up again.
So either we get this right or WWIII. So either buy now or die.
Here is the thread: http://forum.channelnewsasia.com/viewtopic.php?t=281274&postdays=0&postorder=asc&start=0
Do you think this makes sense? After spending trillions of dollars, our economy is still like trash?
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