Fed cuts rates!

FED cut rates last Friday and it caused a rebound on the US markets. Asian markets should mimic the price movement of the US markets today.

Asian markets posted a hammer candle last Friday, which suggest that the indices could rebound today. KLCI is expected to rebound to 1,234-1,267 while STI is expected to rebound to 3,280-3,400.

Is it time to buy? Yes, but only for the short term. Look for stocks that has been badly bashed down. Err, which stock hasn't? :) I am looking at MRCB (1651) and Land & General (L&G).
In Spore, I think the property counters could rebound. I like Armstrong and Beyonics.

For the portfolio, I am not going to do anything as I think we may have missed this rebound.
For those intending to buy, it is best to keep it short as the rebound is expected to be short term in nature. The rebound could last for 2-3 weeks max. So get in fast and get out even faster!!!