Did you read the news on the steep fall of Asian stock markets this morning on concerns of a weak economic future in the United States?
Actually, I am not surprised at all with this fall since the market rose to more than 1,300 in late February, 2008. Moreover, the market is ALWAYS window dressed just before the Elections and the propping stops once the Election is over.
Even without concerns of the American economy, which is predicted to slip into a recession, I already had my reservations about investing in a market that had ballooned up. This downward trend of the KLSE therefore comes as no surprise to me.
Always hold to the formula of “buying low and selling high” instead of “buying high and selling higher” and we won’t go wrong.
Actually, I am not surprised at all with this fall since the market rose to more than 1,300 in late February, 2008. Moreover, the market is ALWAYS window dressed just before the Elections and the propping stops once the Election is over.
Even without concerns of the American economy, which is predicted to slip into a recession, I already had my reservations about investing in a market that had ballooned up. This downward trend of the KLSE therefore comes as no surprise to me.
Always hold to the formula of “buying low and selling high” instead of “buying high and selling higher” and we won’t go wrong.
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