A christmas gift that never come

Obviously, market is expecting a Christmas present from Fed by cutting 50 basis point of interest rate. The situation is like a child write down the wish on Christmas tree, when the thing does not turn out as wished, he start to throw things around.

Fed has other consideration on the interest cutting. Not everyone would get their wish. Initially, I thought 25 points is what being expected, and market should stagnant/correct slightly. However, it was a violent movement for US market. Nevertheless, the damage has been done already. We should move on from here.

I think there is high chance that they prepare to cut another 25 points in the next meeting. Given the current sentiment is so bearish, I reckon that it is a good time to selectively buying. Depends on one's risk appetite. It is really a good time to pick up some bargain. Go for stock with strong outlook. The strong would grow stronger. Avoid the cyclical stock - tech, shipping etc

I read in one of the forum - very often the market bottom is when all the people is pessimistic. I would say how true it is!