Flirting around 10,000 pts
Another week with DJIA flirting around 10,000pts. Locally, there is nothing much interesting, even DJIA is a lot more attractive than BURSA. Well, do nothing when there is nothing to do. :=)
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Another week with DJIA flirting around 10,000pts. Locally, there is nothing much interesting, even DJIA is a lot more attractive than BURSA. Well, do nothing when there is nothing to do. :=)
1. Europe still very shaky. As mentioned, nothing can be changed overnight, not even ~$1 trillion. http://www.reuters.com/article/idCALDE64D1PG20100514?rpc=44 2. US stocks: "Strong corporate balance sheets, rising profits, economic growth on an upswing and the Federal Reserve's pledge to keep interest...
http://biz.thestar.com.my/news/story.asp?file=/2010/5/13/business/20100513110119sec=business
chart from google finance Stock Markets over the world uncontrollably skided and jumped. A head to head fight between Strength and Weakness? The fight has begun, nothing we need to do. Just wait for the dust to settle, before joining the game. - European stock markets strongly recovered 5% to 9% yesterday,...
We seem to perform a lot better than regional markets. Take a look at the chart above, BURSA is traded at 33.7% PER premium amongst its peers, highest since 2002. Expensive? Better to take a step backward.
Over the last few weeks, we have seen the strength of the DOW JONES. The Greece debt crisis is trying hard to defect the DOW JONES. As of today, DOW JONES is still standing strong, well defended by excellent quarter reports. Now, in the month of May, it's the turn for the BURSA for quarter reports. Can...
Citigroup, IBM, GS, Coca-Cola, Apple and Yahoo all delivered impressive results. Bull days are over? not quite.. Let's continue to monitor the market. Unclepicks is not buying nor selling at the moment. Portfolio carries ~60% stocks.
Besides GS, the releasing of quarter reports will determine the fate of the markets. Let's watch. :=)