Globally, there is talk that the whole global financial market is on the verge of collapse... Depression (which is worse than ressession) is being mentioned all over the the papers, magazines and tabloids... the world is as if it is going to come to an end...
hmm, i smell the bulls are ready to kick back strongly soon... When times are the most bearish, it is time to BUY!!!! We may have seen the worse in this past couple of weeks... especially in the Malaysia where the index saw the largest 1-day fall in a decade...
Technically, global indices may have corrected abt 38% of the large Wave 3. The a-b-c correction on the S&P500, Hang Seng, Malaysia, STI... it is time to go into the market now!! there may be volatility ahead in the next few weeks, but i believe that the trend is about to change!!!!
Malaysia - i like stocks that have been bashed down with good fundamentals - Kencana, Gamuda (for trading), Tenaga.
Spore - i like the banks, and property counters like Capitaland, Banyan Tree, Tat Hong and their call warrants... just becareful with the call warrants on its expiry and exercise price.
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