Monday, October 27, 2008

Crash This Week?

This is the final week of October. As you know, October is never a good month for equities. The world is still deleveraging. Oil down, gold down. If you look at the Hong Kong market today, you will be very afraid. With so many souls have been bruised, it will definitely takes time for the market to recover. I do not expect a V-shape recover, I think that it will be a W-shape or maybe L-shape that will take years.

For KLSE, everything is down. Companies with high USD exposure is suffering now. I'm still staying out of the market. Why? Investors have not given up hope yet. They are still trying to pick the bottom. I think that when they stop picking bottom because every possible bottoms have given away, then that may be the time.

No comments: